Plus500 resumes onboarding of UK customers

Contracts-for-difference trading platform Plus500 has resumed the onboarding of new UK customers on Wednesday, having announced the approval to do so in December.

The group was forced to stop taking on new UK clients in May last year and freeze existing trader accounts due to an investigation by the Financial Conduct Authority into its client data verification and anti-money laundering procedures.

Gaming industry software supplier Playtech had announced in June 2015 that it inked a deal to buy Plus500 for around £459.6m.

However, the agreement was terminated in November due to regulatory concerns, with Playtech saying it could not fully allay the concerns of the FCA.