Plus500-Expands-UAE-Presence,-Launches-Mainland-Operations-with-a-Newly-Secured-SCA-License
Plus500, a leading global multi-asset fintech group, has officially launched its new UAE subsidiary, Plus500Gulf Securities LLC (“Plus500Gulf”), under a prestigious mainland license from the Securities and Commodities Authority (SCA). This expansion significantly strengthens the Group’s presence in the UAE and the broader region.
The new SCA license enables Plus500 to expand its marketing initiatives and acquire customers more widely across the UAE mainland. Additionally, it provides the framework to broaden its local product offering beyond CFDs, with the ability to introduce share dealing, futures, and options on futures over time.
Building on two years of operations under a Dubai Financial Services Authority (DFSA) license from the Dubai International Financial Centre (DIFC), Plus500 Group now holds 14 international licenses, serving over 30 million registered customers across 60 countries. Adding an SCA license further reinforces the group’s status as one of the few industry players with dual local regulatory permits in the UAE, highlighting its commitment to long-term investment and growth in the region.
As a listed company on the London Stock Exchange and a constituent of the prestigious FTSE250 and STOXX Europe 600 indexes, Plus500 is known for its proprietary, industry-leading technology, global recognition and unwavering focus on customer trust.
Through the SCA-licensed operation, Plus500 is set to introduce bespoke trading solutions tailored for UAE-based traders and redefine the regional trading experience by offering traders an exceptional and intuitive experience powered by Plus500’s signature trading solutions.
The expansion follows Plus500’s strong 2024 financial performance, with total revenue reaching approximately $768 million. The Group maintains a robust financial position, with cash balances of roughly $900 million as of December 31, 2024, and zero debt, further solidifying its status as a global leader in online trading.
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