Plus500 Announces $50m R&D Centre In Tel Aviv

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.

Plus500 logo

R&D Centre

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.

About Plus500

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 1:30 depending on regulation, while 24/7 support is available and minimum deposits start from $100.

PLus500 trading platform
Plus500 mobile (illustrative prices only)

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.

An investor with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency (Availability subject to regulation), Options and Indices. With tight spreads and no commission, they are a leading global brand.
72% of retail CFD accounts lose money.
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