Plus500 granted operating licence in South Africa

Plus500 says South Africa has granted Plus500AU Pty Ltd a licence to operate an online trading platform for retail customers to trade CFDs in South Africa, under FSP #47546.

The licence was granted by the Financial Services Board, which was the South African authority that oversaw the non-banking financial services industry.

The licence is effective immediately and has no time limitations.

Plus500AU Pty Ltd is the company's Australian operating subsidiary.