Plus500 Granted as an Investment Firm by Estonian Regulator

The Financial Supervision Authority (FSA) in Estonia has issued authorisation to Plus500EE AS to operate as an investment firm, giving it the right to provide various investment services and ancillary services to investment services.

"The company will have the right under the authorisation to accept securities orders and to send them, to execute securities orders in the name of clients or in its own name, and to trade with securities on its own account,"the regulator stated.

"The ancillary services to investment services give the company the right to hold and manage the securities of clients and to provide services relating to foreign exchange if they are linked to the provision of investment services."

The members of the management board of Plus500EE AS are Kerli Lõhmus and Sigrid Aljas.

Last month, Plus500 has issue the trading update for the financial year ended 31 December 2021. The group delivered an outstanding operational and financial performance throughout FY 2021, ahead of market expectations

FY 2021 revenue was approximately $718m, supported by Customer Income, a key underlying growth metric for the group, of approximately $702m. This exceptional customer income performance was driven by a consistently high level of customer trading activity throughout the year.