The licence was granted by the Canadian Investment Regulatory Organisation.
Meanwhile, Plus500's Singapore operations CEO sold £224K worth of the brokerage shares.
Plus500's office building; Photo: Shutterstock
Plus500 (LON: PLUS) has entered the Canadian markets by obtaining a licence from the Canadian Investment Regulatory Organisation (CIRO), the retail broker announced today (Monday). The licence came under the broker’s ongoing expansion efforts in North America.
Expanding Market Reach
“This is the latest realisation of our strategy to enter new markets, develop new products, and deepen engagement with our customers,” said David Zruia, Plus500’s CEO.
David Zruia, CEO of Plus500
“This development highlights our strategic focus on broadening our product suite and expanding our market reach, while ensuring the highest standards of compliance and operational excellence.”
The broker highlighted that it will use the local licence to initiate services within the country’s over-the-counter (OTC) market. It aims to further expand its local proposition by offering an omni-channel suite of products.
The Canadian licence came in around two months after the broker gained a licence in the United Arab Emirates, specifically from Dubai’s Securities and Commodities Authority (SCA). The Israeli broker now has 15 regulatory authorisations, including the latest Canadian licence.
Plus500’s push in North America started with the United States. It entered the country by acquiring two entities of the same group: Cunningham Commodities and Cunningham Trading Systems. The deal was closed for $30 million, which the Israeli broker paid from its growing cash reserves.
Choh Tong Goh, CEO of Plus500's Singapore entity
Although Plus500 is known for offering contracts for differences (CFDs), it focuses on the American futures markets. It recently extended its reach in the US by forming a partnership with Barchart, a US-based market data and technology provider.
Plus500's Share Dealings
Another the filing by Plus500 revealed that Choh Tong Goh, the CEO of the broker's Singapore entity, sold 2,401 units of PLUS shares worth over £224K.
FinanceMagnates.com recently reported that American asset management firm Capital Group bought a 5.44 per cent stake in Plus500, becoming its third-largest shareholder. Although the monetary value of the deal was not disclosed, the market value of the acquired shares was £133.1 million (around $181 million) on the day of disclosure.
Plus500 (LON: PLUS) has entered the Canadian markets by obtaining a licence from the Canadian Investment Regulatory Organisation (CIRO), the retail broker announced today (Monday). The licence came under the broker’s ongoing expansion efforts in North America.
Expanding Market Reach
“This is the latest realisation of our strategy to enter new markets, develop new products, and deepen engagement with our customers,” said David Zruia, Plus500’s CEO.
David Zruia, CEO of Plus500
“This development highlights our strategic focus on broadening our product suite and expanding our market reach, while ensuring the highest standards of compliance and operational excellence.”
The broker highlighted that it will use the local licence to initiate services within the country’s over-the-counter (OTC) market. It aims to further expand its local proposition by offering an omni-channel suite of products.
The Canadian licence came in around two months after the broker gained a licence in the United Arab Emirates, specifically from Dubai’s Securities and Commodities Authority (SCA). The Israeli broker now has 15 regulatory authorisations, including the latest Canadian licence.
Plus500’s push in North America started with the United States. It entered the country by acquiring two entities of the same group: Cunningham Commodities and Cunningham Trading Systems. The deal was closed for $30 million, which the Israeli broker paid from its growing cash reserves.
Choh Tong Goh, CEO of Plus500's Singapore entity
Although Plus500 is known for offering contracts for differences (CFDs), it focuses on the American futures markets. It recently extended its reach in the US by forming a partnership with Barchart, a US-based market data and technology provider.
Plus500's Share Dealings
Another the filing by Plus500 revealed that Choh Tong Goh, the CEO of the broker's Singapore entity, sold 2,401 units of PLUS shares worth over £224K.
FinanceMagnates.com recently reported that American asset management firm Capital Group bought a 5.44 per cent stake in Plus500, becoming its third-largest shareholder. Although the monetary value of the deal was not disclosed, the market value of the acquired shares was £133.1 million (around $181 million) on the day of disclosure.
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
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The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
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Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
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* The essential role local talent plays in providing a culturally relevant and compliant user experience.
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➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
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Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
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- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
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