Plus500 Secures UAE’s Regulatory Approval
Plus500 known for sponsoring major sports teams such as the Chicago Bulls and European football clubs BSC.
Plus500, the global multi-asset fintech group boasting a customer base of over 25 million worldwide, has obtained a regulatory license from the Dubai Financial Services Authority (DFSA) through its subsidiary Plus500AE in the Dubai International Financial Centre (DIFC).[1]
This regulatory green light from DFSA paves the way for Plus500AE, a subsidiary of the FTSE 250-listed Plus500 Ltd on the London Stock Exchange (LSE), to capitalize on significant growth opportunities in the thriving UAE market.
The enhanced customer experience includes the integration of local payment methods and customized versions of the Plus500 trading platform, website, and mobile app.
This allows users to access the most popular financial instruments, while the proprietary tech-based trading platform facilitates UAE traders' engagement in Over the Counter (OTC) or Contracts for Difference (CFD) products.
Moreover, the platform's advanced analytics provide real-time data, robust charting tools, and technical indicators, empowering traders to make informed decisions. The mobile app ensures accessibility on both iOS and Android smartphones and tablets.
The establishment of the UAE subsidiary complements Plus500's existing portfolio of regulatory licenses in markets such as the UK, Australia, Cyprus, Singapore, the US, and Japan.
Plus500, known for sponsoring major sports teams such as the Chicago Bulls and European football clubs BSC Young Boys and Legia Warsaw, boasts a premium listing on the Main Market of the London Stock Exchange (symbol: PLUS) and is a constituent of the FTSE 250 index, with a market cap of approximately $1.5 billion.
Since its IPO a decade ago on the London Stock Exchange, Plus500 has accumulated a net profit of over $2.5 billion.