TIDMPLUS

RNS Number : 3950R

Plus500 Limited

09 December 2016

09 December 2016

Plus500 Ltd.

("Plus500" or "the Company")

BaFin Update

Plus500, a leading online service provider for retail customers to trade CFDs internationally, notes the announcement by BaFin, the German Federal Financial Supervisory Authority, made yesterday regarding 'additional payment obligations' for CFDs traded by retail clients.

Plus500 welcomes the announcement made by BaFin as all accounts offered by the Company have always had balance protection, meaning the client cannot lose more than the value of their account. The Company therefore believes that any limitations imposed by BaFin in this respect will have no effect on its business.

Enquiries

 
 Plus500 
---------------------------------------------------- 
 Elad Even-Chen, Chief Financial      +972 4 8189503 
  Officer                             ir@Plus500.com 
---------------------------------  ----------------- 
 Liberum - Nomad and Broker 
---------------------------------------------------- 
 Clayton Bush, Neil Elliot, 
  Josh Hughes                       +44 20 3100 2222 
---------------------------------  ----------------- 
 Berenberg (Joint Broker) 
---------------------------------------------------- 
 Chris Bowman, Amritha Murali, 
  Marie Stolberg                    +44 20 3207 7800 
---------------------------------  ----------------- 
 MHP Communications 
---------------------------------------------------- 
 Reg Hoare, Tim Rowntree, Kelsey 
  Traynor                           +44 20 3128 8100 
---------------------------------  ----------------- 
 

About Plus500

Plus500 has developed and operates an online trading platform for retail customers to trade CFDs internationally over more than 2,200 different underlying global financial instruments comprising equities, ETFs, foreign exchange, indices, commodities and options. The Company enables retail customers to trade CFDs in more than 50 countries. The trading platform is accessible from multiple operating systems (Windows, smartphones (iOS, Android and Windows Phone) and tablets (iOS, Android and Surface)) and the internet. The Directors believe that the success of the Company to date has been primarily due to the proprietary technology it has developed and continues to develop to support the trading platform. The trading platform has been designed to be as intuitive and easy to use as possible. The trading platform has been localised into 31 languages. The Directors believe that this emphasis on technology, together with the Company's targeted online marketing strategy, has helped to differentiate the Company from its competitors.

www.plus500.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

UPDFSWEFAFMSELE

(END) Dow Jones Newswires

December 09, 2016 02:00 ET (07:00 GMT)