Plus500 (LON: PLUS) has entered the lucrative markets in the Middle East by obtaining a license from the Dubai Financial Services Authority (DFSA), the brokerage company announced on Monday.
The London-listed company highlighted that the new license would offer a significant growth opportunity by allowing the broker to expand its offerings to customers in the United Arab Emirates.
“We are delighted to have received license authorization from the DFSA in the UAE, and we are excited to bring our market-leading technology capabilities to customers in the region. This is the latest realization of our strategy to enter new markets, develop new products, and deepen engagement with our customers,” said the CEO of Plus500, David Zruia.
The DFSA license is widely popular among brokers looking to tap the Middle Eastern markets. Other brokers, including Zenfinex, XTB, and MutiBank Group, also obtained DFSA approval over recent years.
Check out the iFX EXPO Dubai interview with Mohammad Alblooshi, Head of Innovation Hub & FinTech Hive at DIFC.
Plus500 Focuses on Global Expansion
Headquartered in Israel, Plus500 was founded in 2008 and offers trading services with forex pairs and CFDs of popular asset classes like stocks, indices, cryptocurrencies
Cryptocurrencies
By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw
By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw
Read this Term, ETFs, and options. It is one of the few publicly listed retail FX/CFDs brokers.
It is also one of the brokers heavily invested in technology and offers trading services only on its proprietary trading platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real
Read this Term.
Over the years, Plus500 significantly strengthened its regulatory requirements and now holds twelve licenses globally. The company obtained licenses in the US, Japan, Estonia, and Seychelles in the past three years. It entered the US and Japan by acquiring two locally regulated companies in those markets.
The broker obtained the new DFSA license after closing fiscal 2022 with a revenue of $832 million and an EBITDA of about $454 million. Both figures jumped increased from the previous year and came in line with the company’s expectations.
It now focuses on growth in the United States and launched a US-specific proprietary futures trading platform in Q3 2022. Last October, it ended a 7-year deal with the Spanish football club, Atletico Madrid, to sign a 4-year sponsorship deal with Chicago Bulls, a US-based professional basketball team.
Plus500 (LON: PLUS) has entered the lucrative markets in the Middle East by obtaining a license from the Dubai Financial Services Authority (DFSA), the brokerage company announced on Monday.
The London-listed company highlighted that the new license would offer a significant growth opportunity by allowing the broker to expand its offerings to customers in the United Arab Emirates.
“We are delighted to have received license authorization from the DFSA in the UAE, and we are excited to bring our market-leading technology capabilities to customers in the region. This is the latest realization of our strategy to enter new markets, develop new products, and deepen engagement with our customers,” said the CEO of Plus500, David Zruia.
The DFSA license is widely popular among brokers looking to tap the Middle Eastern markets. Other brokers, including Zenfinex, XTB, and MutiBank Group, also obtained DFSA approval over recent years.
Check out the iFX EXPO Dubai interview with Mohammad Alblooshi, Head of Innovation Hub & FinTech Hive at DIFC.
Plus500 Focuses on Global Expansion
Headquartered in Israel, Plus500 was founded in 2008 and offers trading services with forex pairs and CFDs of popular asset classes like stocks, indices, cryptocurrencies
Cryptocurrencies
By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw
By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw
Read this Term, ETFs, and options. It is one of the few publicly listed retail FX/CFDs brokers.
It is also one of the brokers heavily invested in technology and offers trading services only on its proprietary trading platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real
Read this Term.
Over the years, Plus500 significantly strengthened its regulatory requirements and now holds twelve licenses globally. The company obtained licenses in the US, Japan, Estonia, and Seychelles in the past three years. It entered the US and Japan by acquiring two locally regulated companies in those markets.
The broker obtained the new DFSA license after closing fiscal 2022 with a revenue of $832 million and an EBITDA of about $454 million. Both figures jumped increased from the previous year and came in line with the company’s expectations.
It now focuses on growth in the United States and launched a US-specific proprietary futures trading platform in Q3 2022. Last October, it ended a 7-year deal with the Spanish football club, Atletico Madrid, to sign a 4-year sponsorship deal with Chicago Bulls, a US-based professional basketball team.
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