Grant of Commodity Broker's licence to Plus500SG
Updated : 07:03
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 +972 4 8189503
Elad Even-Chen, Chief Financial Officer
Liberum - Nomad and Broker +44 20 3100 2222
Clayton Bush, Neil Elliot, Josh Hughes
Berenberg (Joint Broker) +44 20 3207 7800
Chris Bowman, Mark Whitmore
MHP Communications +44 20 3128 8100
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.
This information is provided by RNS