Online retail forex trading company Plus500 has been granted a capital markets services licence by the Monetary Authority of Singapore.
This licence allows the company to deal in securities and leveraged foreign exchange trading. It adds to the company's existing jurisdictions, which are the UK, Australia, Cyprus, New Zealand, Israel and South Africa.
Asaf Elimelech, chief executive of the company, said: "We are delighted to be granted this new licence in Singapore as we continue to expand globally and increase our potential customer base.
“Plus500's international brand awareness has increased significantly during the last few years and thanks to the new Singaporean licence the company will be able to continue this positive momentum."
