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Plus500 expands to Canada with CIRO license, plans OTC trading services
Plus500 has secured a Canadian trading license from CIRO, expanding its North American presence with plans to offer OTC products. The move follows recent regulatory approvals in the UAE and strategic US acquisitions.
Plus500 (LON: PLUS) has obtained a license from Canada’s Investment Regulatory Organisation (CIRO), marking its latest expansion move in North America.
CEO David Zruia stated, “This aligns with our strategy to enter new markets, develop new products, and enhance customer engagement.” The broker will use the license to offer OTC products and expand its local presence.
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This follows Plus500’s recent UAE license and brings its total regulatory approvals to 15. The broker has been growing in North America, including a $30M acquisition of two U.S. firms and a partnership with Barchart for futures trading.
In other news, Plus500 Singapore’s CEO sold 2,401 shares worth over £224K, while Capital Group acquired a 5.44% stake in the company, valued at around £133M.
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Last update: Jun 23, 2025