Grant of Operating Licence in South Africa

RNS Number : 3947W

Plus500 Limited

09 February 2017

 

9 February 2017

Plus500 Ltd.

("Plus500" or "the Company")

Grant of operating licence in South Africa

Plus500, a leading online service provider for retail customers to trade CFDs internationally, is pleased to announce that the Financial Services Board, the South African authority that oversees the non-banking financial services industry, has granted Plus500AU Pty ltd., the Company's Australian operating subsidiary, a licence to operate an online trading platform for retail customers to trade CFDs in South Africa, under FSP #47546.

The licence is effective immediately and has no time limitations.

Asaf Elimelech, Chief Executive of Plus500 said:

"We are delighted to be granted this new licence in South Africa, which follows the recent additions of licences in New Zealand and Israel. This is in line with our strategy, stated in our preliminary results this week, to add new licences in order to expand our customer base globally and diversify our geographical revenues.

"This licence also complements our recent sponsorship of Plus500 Brumbies, who as part of the international Super Rugby competition, play teams based in Australia, South Africa, New Zealand, Argentina and Japan."

For further information please contact:

Plus500 Ltd                                                                                                                                   [phone]

Elad Even-Chen, Chief Financial Officer

Liberum - Nomad and Broker                                                                                                [phone]

Clayton Bush, Josh Hughes                                                                                               

Berenberg (Joint Broker)                                                                                                        [phone]

Chris Bowman, Amritha Murali, Marie Stolberg

MHP Communications                                                                                                            [phone]

Reg Hoare, Tim Rowntree, Kelsey Traynor

[e-mail] 

About Plus500

Plus500 operates an online trading platform for retail customers to trade CFDs internationally over more than 2,100 different underlying global financial instruments comprising equities, indices, commodities, options, ETFs and foreign exchange. Retail customers of Plus500 can trade CFDs in more than 50 countries and in 31 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 and South Africa.  Customer care is integral to Plus500: customers cannot lose more than and there are no commissions on trades. Plus500 offers its customers sophisticated risk management tools to manage their trading positions and a free demo account is available on an unlimited basis for platform users. 

www.plus500.com

 

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