Plus500 has expanded its presence in the Middle East by obtaining a license from the Dubai Financial Services Authority (DFSA).
Plus500 offers currency pairs and CFD trading services on various assets such as stocks, indices, Cryptocurrencies (availability subject to regulations), ETFs, and options. The company has been able to obtain licenses in the US, Japan, Estonia, and Seychelles over the past three years. It entered the US and Japanese markets by acquiring two locally regulated companies in those markets.
The DFSA license will provide great growth opportunities for the broker and allow traders in the United Arab Emirates to choose from a variety of financial instruments.
“We are pleased to receive license approval from the DFSA in the UAE and we are excited to bring our cutting-edge technology capabilities to customers in the region. This is the latest implementation of our strategy to expand into new markets, develop new products, and deepen interactions with our customers,” Plus500 CEO commented.
The DFSA license is of great importance for brokers seeking to legally enter the markets of the Middle East.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.