One of the most recognisable names in the CFD industry, Plus500, has big plans. As part of a three-year strategy to enhance its R&D capabilities, the broker will invest $50m into a technology hub in Tel Aviv. The aim is to boost the trading experience of its global client base.
Following several years of disruptors entering the retail trading market, Plus500 is acutely aware of the need to innovate. Its R&D centre will provide customers with new capabilities, cutting-edge tools and the latest platform features. Specifically, the brokerage plans to bolster its bespoke platform with better risk management, payment infrastructure and back-office operations.
Already available on the platform is a live news feed, instant and pending orders and a host of drawing tools. Users can also configure real-time alerts via email and SMS and build their own watch lists.
The news comes after an excellent year for the online broker with a six-fold increase in profits in Q1 of 2020, driven by increased make volatility resulting from global lockdowns. In addition, its Q3 EBIDTA jumped to 91% year-on-year to $134.2 million and its platform attracted hundreds of thousands of new clients.
Why Tel Aviv?
Tel Aviv was an obvious draw, with 6,000 startups and a technology-enabled economy. Big names like Google, Apple and Microsoft already have established bases in the city.
Plus500 has taken a step in the right direction, realising that financial technology firms can no longer remain stationary – traders are constantly looking for bigger and better features that can inform trading decisions.
Plus500 is active in 50+ countries following its 2008 launch. Over 2,000 instruments are offered, from stocks and shares to forex, cryptos like Bitcoin and commodities such as gold and silver. Leverage rates climb to 1:300 while 24/7 support is available and minimum deposits start from $100.
The broker’s bespoke platform promises a crisp layout with 100 indicators and timeframes. A free-of-charge mobile app is also available for iOS and Android devices.
Already delivering an excellent user experience, the company’s latest investment in its R&D hub is sure to continue enhancing the trading environment.