Plus500
| Plus500
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 2008 |
| Seat | London , UK |
| management | Alon Gonen (MD) Gal Haber (CEO) Elad Ben-Izhak (CMO) Omer Elazari (CTO) Shlomi Waizman, System Architect Shimon Sofer |
| sales | US $ 56.1 million (2012) |
| Branch | Software development |
| Website | Plus500.de |
Plus500 is a UK based trading company founded in 2008. The company is a provider of online services to retail customers who trade for differences in a variety of financial markets. Parent Company shares will be admitted to trading on the AIM market of the London Stock Exchange.
history
The company was founded by five former students of the Technion - Israel Institute of Technology with an initial investment of 400,000 US dollars , which was Alon Gonen, the managing director of the company, provided established.
In May 2015, approximately 55 percent of UK resident customer accounts were frozen after the UK Financial Markets Authority (then FCA) found Plus500UK Ltd had failed to comply with money laundering prevention guidelines. As a result, the company's stock lost nearly 60 percent of its value.
In early June 2015, Plus500 agreed to be acquired by Playtech Plc for $ 703 million . Playtech Ltd. is a listed software manufacturer for games of chance. However, there was no takeover.
business
The company is registered and headquartered in the UK and has offices in Israel and Australia. The main operating buildings are in London. Initially, the services provided were just a computerized trading system. In 2010, the company launched its browser version for Mac OS and Linux users. The first app for iPad and iPhone users was launched in 2011 , followed by the Android app in the same year .
According to reports, 40% of transactions are made from smartphones or tablets.
In an interview, the company's managing director, Gal Haber, spoke about the strenuous recruitment process that every applicant has to go through and which sometimes takes around six to ten months.
Contracts for difference
Plus500 provides a service for for difference (CFD) by a variety of financial instruments. The company was founded during the 2008 recession when investors were looking for a variety of flexible derivative financial instruments available and trading for differences emerged as the preferred product.
500 affiliates
500Affiliates is Plus500's official affiliate program offered by the company to refer new dealers to website owners and other internet marketing companies . The program includes more than 70,000 registered partner companies around the world, which operate in 50 markets and are available in 29 languages. Many financial news websites refer to this program as the most profitable affiliate program.
Adaptation to local features
The website and platforms are available in 31 different languages on more than 30 different domains.
initial public offering
The company announced its IPO in the first week of July 2013, and its shares first traded on the London Stock Exchange's AIM market on July 22, 2013, where they rose to $ 75 million for a market cap of $ 200 million. Dollar equals.
regulation
Plus500UK Ltd is regulated and authorized by the UK Financial Regulator. Australian business conduct is regulated by the Australian Securities and Exchange Commission. Plus500CY is based in Cyprus and is regulated by the CySEC (the Cyprus Securities and Exchange Commission).
Individual evidence
- ↑ Plus500: Finance Report 2013 (PDF; 446 kB) Retrieved on August 30, 2013.
- ↑ Telegraph: Plus500 aims for float with market cap near £ 150m . Retrieved August 30, 2013.
- ↑ a b c globes: Plus500: Absolutely Israeli . Retrieved November 24, 2013.
- ↑ StockMarketWire: Plus500 H1 pretax profit rises to $ 20.5m . Retrieved August 27, 2013.
- ↑ Disaster: 55% of the accounts at the CFD broker "Plus500" in the UK are currently frozen . In: finanzmarktwelt.de . May 19, 2015 ( finanzmarktwelt.de [accessed November 13, 2017]).
- ↑ Confusion about CFD broker Plus500 - accounts blocked, shares in a nosedive . In: wallstreet-online.de . May 21, 2015 ( wallstreet-online.de [accessed November 13, 2017]).
- ↑ a b Haaretz: Plus500 raises $ 75m in London stock offering . Retrieved November 24, 2013.
- ↑ top income resources: Plus500Affiliates The Most Profitable Affiliate Program Online . Archived from the original on December 3, 2013. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved November 24, 2013.
- ↑ Leap Rate: Plus500 IPO successful - company raises $ 25M, shareholders sell $ 50M . Archived from the original on August 25, 2013. Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved September 2, 2013.
- ↑ http://www.plus500.de/Investors/Investors.aspx
- ↑ http://www.plus500.de/Docs/Plus500CY/InvestorCompensationFund.pdf
