Grant of Commodity Broker's licence to Plus500SG

RNS Number : 3900E

Plus500 Limited

09 February 2018

 

09 February 2018

Plus500 Ltd.

("Plus500" or "the Company")

Grant of Commodity Broker's licence to Plus500SG Pte. Ltd.

Plus500, a leading online service provider for customers to trade CFDs internationally, is pleased to announce that International Enterprise Singapore ("IE Singapore") has granted Plus500SG Pte. Ltd ("Plus500SG") a Commodity Broker's Licence ("CBL") in Singapore. The CBL  will supplement the Capital Markets Services Licence granted to Plus500SG by the Monetary Authority of Singapore in December 2017, thus allowing for Plus500SG to offer its customers a more diversified range of financial instruments. The CBL is effective immediately and is valid for one year.

Asaf Elimelech, Chief Executive of Plus500 said:

"The addition of this licence demonstrates the positive momentum we are achieving in growth globally, following the announcement of the new licence granted in South Africa earlier this week."

For further information please contact:

Plus500 Ltd                                                                                                                                   [phone]

Elad Even-Chen, Chief Financial Officer

Liberum - Nomad and Broker                                                                                               [phone]

Clayton Bush, Neil Elliot, Josh Hughes                                                                                               

Berenberg (Joint Broker)                                                                                                       [phone]

Chris Bowman, Mark Whitmore

MHP Communications                                                                                                            [phone]

Reg Hoare, Tim Rowntree, Kelsey Traynor

About Plus500

Plus500 operates an online trading platform for customers to trade CFDs internationally over more than 2,200 different underlying global financial instruments comprising equities, indices, commodities, options, ETFs, crypto currencies and foreign exchange. Customers of Plus500 can trade CFDs in more than 50 countries and in 32 languages. The trading platform is also accessible from multiple operating systems (Windows, smartphones (iOS, Android and Windows Phone), tablets (iOS, Android and Surface), Apple Watch and web browsers).

Plus500 retains operating licences and is regulated in the United Kingdom, Australia, Cyprus, New Zealand, Israel, South Africa and Singapore.  Customer care is integral to Plus500: customers cannot be subject to negative balances, there are no commissions on trades. Plus500 does not utilise cold calling techniques and does not offer binary options. A free demo account is available on an unlimited basis for platform users and sophisticated risk management tools are provided free of charge to manage leverage and stop losses to help customers protect profits and limit capital losses. 

www.plus500.com

 

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