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Plus500 has as of late achieved another milestone in what has been a very successful run by the company. The AIM-listed broker has announced that they have been granted the license to operate their business from Singapore.
The now FCA-regulated broker is considered as being one of the leading CFD and forex brokerages in the world. The company has operations in well over 50 countries, and they offer support in over 32 international languages.
Plus500 is currently listed and regulated in around six if not more jurisdictions internationally. These jurisdictions include Cyprus, South Africa, New Zealand, United Kingdom, Isreal, and Australia.
The company recently was granted a license to operate by the Monetary Authority of Singapore. As a consequence of this license, the company will now be able to operate and expand its leveraged forex and securities trading service in one of the most advanced and prosperous cities in Asia.
Plus500 Ltd’s CEO Asif Elimelech has said that this is a great and clear indicator of what the CFDs broker is capable of doing. It also signals the fact that they can now scale the business thanks to regulatory sanction.
As a matter of fact, the decision to apply for a Capital Markets Services license in Singapore is solidly in line with the broker’s long-term strategy to expand by adding new licenses. So, the more licenses they get, the faster they can expand across the world. That also means they are able to cater to a much more diverse customer base across many different geographical locations.
One of the most prominent features of the Plus500’s online trading platform is that it enables traders to trade CFDs along with over 2200 different financial instruments. These instruments include indices, equities, commodities, options, ETFs, cryptocurrencies, and forex.
The CEO for Plus500 is celebrating the acquisition of the company’s license and the fact that it is now being recognized as an international brand. Thanks to the recognition the company will soon be able to get more exposure and hence do more business by attracting more traders.
Plus500 Ltd will now be operating under the trade name of Plus500SG Pte. Ltd. This is the company’s new subsidiary of the firm which was created specifically for the Singaporean market.
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