London-headquartered multi-asset fintech group Plus500 has obtained a new regulatory license approval from the Dubai Financial Services Authority (DFSA) through its subsidiary Plus500AE in the Dubai International Financial Centre (DIFC).
The new license positions Plus500AE for growth in the UAE market, allowing it to offer a more localised experience to customers in online trading. This approval facilitates the integration of local payment methods and tailored versions of the Plus500 trading platform, website, and mobile app for UAE customers.
According to the release, the proprietary tech-based trading platform enables UAE traders to participate in Over the Counter (OTC) or Contracts for Difference (CFD) products. The platform offers advanced analytics, real-time data, robust charting tools, and technical indicators to empower traders with informed decision-making. It is accessible on iOS and Android smartphones and tablets, ensuring mobile convenience.
Plus500 also holds a portfolio of regulatory licenses in various markets, including the United Kingdom, Australia, Cyprus, Singapore, the United States, and Japan.
In addition to its financial endeavours, Plus500 is known for sponsoring prominent sports teams such as the Chicago Bulls in the NBA, the Swiss BSC Young Boys, and the Polish club Legia Warsaw in European football.
