Plus500 secures UAE licence
By Michele Maatouk
Date: Monday 06 Feb 2023
(Sharecast News) - Online trading platform Plus500 said on Monday that it has secured a licence from the Dubai Financial Services Authority in "the significant and high growth market" of the United Arab Emirates (UAE).
Plus500 said the new licence, effective immediately, offers a "major" growth opportunity for the company by allowing it to expand its offering to customers across the UAE.
Chief executive David Zruia said: "We are delighted to have received licence authorisation from the DFSA in the UAE and we are excited to bring our market-leading technology capabilities to customers in the region. This is the latest realisation of our strategy to enter new markets, develop new products, and deepen engagement with our customers."
He noted that since 2020, the company has successfully obtained licences in the US, Japan, Estonia, the Seychelles and the UAE, including through acquisitions.
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