Plus500 receives operating license in Singapore
FCA regulated Forex and CFDs broker Plus500 Ltd (LON:PLUS) just announced that the Monetary Authority of Singapore has granted Plus500SG Pte. Ltd. a Capital Markets Services license for dealing in securities and leveraged foreign exchange trading.
The grant of the Capital Markets Services license reflects the scalability of the Company both from a business and a regulatory point of view and is in line with the Company’s strategy to add new licenses in order to expand its customer base globally and diversify its geographical revenues.
This license adds to the Company’s existing jurisdictions, being the United Kingdom, Australia, Cyprus, New Zealand, Israel and South Africa.
Plus500 receives operating license in Singapore Conclusion
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