The investment in international exposure paid off.
Plus500 is the first company from Israel to receive regulatory approval to trade in financial products in the United Arab Emirates (Photo: Plus500)
Plus500 is the first Israeli company to receive the regulatory license from the Financial Services Authority of Dubai.
This license represents a real opportunity for growth with great potential, and allows the Plus500 group to expand its activities and offer its services to customers throughout the United Arab Emirates.
David Tsaroya, CEO of Plus500
said: "Receiving the new regulatory license from the Financial Services Authority of Dubai is a significant milestone for us.
The license will allow us to offer our innovative and intuitive technology to customers in the growing UAE market.
This is another step towards realizing our vision and strategic plan to expand our activities to additional markets and develop additional technological solutions and products.
Since 2020 we have added new licenses in the USA, Japan, Estonia, the Seychelles and now also in the United Arab Emirates, some through organic means and some through acquisitions.
We now hold a portfolio of twelve international regulatory licenses that provide the group with a solid regulatory-business base alongside a variety of trading products and technological solutions for private and business customers."
David Tsaroya, CEO of Plus500 (Photo: Nathaniel Tobias)
About Plus500
Plus500, traded on the main list of the London Stock Exchange, is a global fintech group that provides a variety of financial solutions and products, develops and operates trading platforms.
The platforms are available in over 50 countries and in 30 languages.
The group holds regulatory licenses in England, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, the Seychelles, the USA, Estonia, Japan and the United Arab Emirates. The group's platforms enable trading in a variety of financial instruments, including contracts for differences (CFDs), shares, Futures contracts and options on futures contracts.
Of money
world money
Tags
fintech
Dubai
finance
