Plus500 continues international expansion, receives commodities broker license in Singapore


plus500 singapore

Just two days after we reported that global FX and CFDs broker Plus500 Ltd (LON:PLUS) had expanded its operations in South Africa with an upgraded South Africa FSB license for new subsidiary Plus500SA Pty Ltd and plans to open an on-the-ground operation, Plus500 today announced that it is also growing its operation in Singapore.

Plus500 today stated that International Enterprise Singapore (“IE Singapore”) has granted Plus500SG Pte. Ltd (“Plus500SG”) a Commodity Broker’s Licence (“CBL”) in Singapore.

The Commodity Broker’s Licence 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.

Related News

arrow

Plus500 continues international expansion, receives commodities broker license in Singapore

3

Send this to a friend

Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry: