Plus500, the global multi-asset financial technology group with over 25 million registered clients worldwide, has announced the acquisition of a new regulatory license from the Dubai Financial Services Authority.
The Dubai Financial Services Authority granted the license to Plus500AE, based in the Dubai International Financial Centre, a subsidiary of the Plus500 Limited group, listed on the FTSE 250 and the main market of the London Stock Exchange.
This approval allows the Plus500 group to capitalize on the tremendous growth opportunities in the thriving and unprecedented UAE market.
Through Plus500AE, the group ensures the provision of a customized local trading experience for potential customers in online trading across the United Arab Emirates.
The platform enhances its diversified and user-friendly portfolio, supporting innovation efforts and the customer-centric approach.
The added benefits include the adoption of local payment methods, providing localized versions of Plus500’s trading platform, website, and mobile application.
This ensures customers have access to the top financial tools in the region.
Additionally, this technological platform allows traders in the UAE to engage in over-the-counter trading or contracts for difference.
The advanced analysis tools provided by the platform offer traders real-time data, equipped with effective charting tools and technical indicators.
This assists them in making informed trading decisions.
The platform also supports accessibility via mobile phones and tablets operating on both iOS and Android systems.
The establishment of a subsidiary in the UAE enhances Plus500’s regulatory framework and complements its regulatory licenses obtained in prominent global markets, including the United Kingdom, Australia, Cyprus, Singapore, the United States, and Japan.
This platform stands out with its advanced tools and user-friendly interface, providing advanced options that allow customers to manage their investments better.
It enables them to manage the risks associated with exposure to financial leverage, helping to protect potential profits and minimize losses.
The latest trends from the Dubai Financial Services Authority indicate the flourishing digital trading sector in the Middle East.
The market is expected to reach a value of one trillion US dollars by 2025, focusing on various types of assets traded in this growing market, especially stocks, commodities, and digital cryptocurrencies.