Grant of Operating Licence in South Africa

Released : 09-02-2017

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                                                                                                                                   +972 4 8189503

Elad Even-Chen, Chief Financial Officer

 

Liberum - Nomad and Broker                                                                                                +44 20 3100 2222

Clayton Bush, Josh Hughes                                                                                               

 

Berenberg (Joint Broker)                                                                                                        +44 20 3207 7800

Chris Bowman, Amritha Murali, Marie Stolberg

 

MHP Communications                                                                                                            +44 20 3128 8100

Reg Hoare, Tim Rowntree, Kelsey Traynor

Plus500@mhpc.com 

 

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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