Plus500 gets operating licence in Israel

Contracts-for-difference trading platform Plus500 has been granted a licence to operate an online trading platform for retail customers to trade CFDs by the Israel Securities Authority, the national securities regulator for the State of Israel.

Financial Services

16,492.39

15:44 15/11/24

-0.24%

-40.16

FTSE AIM 100

3,528.04

15:45 15/11/24

n/a

FTSE AIM All-Share

728.67

15:45 15/11/24

n/a

Plus500 Ltd (DI)

2,414.00p

15:44 15/11/24

1.43%

34.00p

Plus500 said the award of the licence reflects the group's “robust trading platform” and its continued focus on best practice regulatory compliance.

Chief executive Asaf Elimelech said: "We are delighted to be amongst the first companies to be awarded a CFD trading licence in Israel. We believe that Israel is an attractive market given its well developed and regulated financial markets."

At 0810 BST, the shares were up 0.1% to 642.75p.