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Description of business:
Plus500 has developed and operates an online trading platform for retail customers to trade CFDs internationally over more than 1,700 different underlying global financial instruments, comprising equities, ETFs, foreign exchange, indices and commodities. The Group enables retail customers to trade CFDs in more than 50 countries, the largest of which (by revenue) is the United Kingdom. The Trading Platform is accessible from multiple operating systems (Windows, smart phones (iOS and Android) and tablets (iOS and Android)) and the internet. The Group generates its revenues principally from dealing spreads on the Trading Platform. In addition, the Group generates revenues from overnight premiums, effectively a financing charge, on positions held by customers overnight and gains (offset by losses) on customers' trading positions. The Group does not charge customers a commission on trades. The Group conducts its operations from three offices in Haifa (Israel), London (United Kingdom) and Sydney (Australia) and has a total of 48 employees.

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Plus500 Ltd

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