Plus500 Welcomes Back New Customers to UK Entity

In December, Plus500 announced that it would be on track to once again onboard new customers to its UK regulated entity starting in January. Today, the firm has reported that they are beginning this process and are officially onboarding new customers again to the UK unit.

Operating in tandem with the broker’s units that also include Cyprus and Australian Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term, the FCA licensed UK division has been the company’s largest revenue driver and their flagship brand. However, due to compliance problems and investigations from the FCA, Plus500 was forced to hire additional compliance staff as well as revamp its customer onboarding process. As a result, the firm temporarily halted all new onboarding in the UK and froze existing trader accounts that hadn’t finished the upgraded compliance onboarding process.

During the disruption period, Plus500 was able to onboard a portion of its new customer base to its non-UK units. However, with the UK a large portion of Plus500’s target market, and Western Europe overall accounting for 75% of the firm’s total revenue in Q3 2015, having the ability to onboard in the UK is an important factor for the broker.

Looking ahead to 2016, one factor we are watching is how much last year’s compliance problems will affect Plus500’s brand and conversation rates and the overall Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term costs for new customers.