Plus500 has made a major step in the international expansion strategy by securing a license from the Canadian Investment Regulation Organization (CIRO).
This step, which was announced earlier this week, allows the Plus500 to provide products outside the stock exchange directly to Canadian customers, which represents a pivotal moment of the company because it expands its arrival and diversifying its revenue flows.
The introduction of the Canadian market is the latest in a series of strategic initiatives undertaken by the Plus500 to provide fuel growth.
In March, the company acquired the Indian financial services company Mehta Equits with about $ 20 million, indicating its intention to benefit from emerging markets.
This acquisition, along with organizational approvals in regions such as the United Arab Emirates, shows the Plus500 commitment to expanding its global emissions and securing its position as a leading player in the field of online trading.
The expansion comes at a time when the Plus500 has witnessed slow user acquisition compared to the same period last year. The company has reported a 5 % decrease from Y/Y to 205.8 million dollars for the first quarter of 2025, with basic profits decreased by 9 % to 93.8 million dollars. The company added 26,897 new customers during this period, a 16 % decrease on an annual basis, thus totaling active customers to 130,514.