Plus500
World's Trading Machine
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| Public | |
| Traded as | : |
| Industry | Online trading |
| Founded | 2008 |
| Founder |
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Number of locations
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6 |
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Key people
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| Products | CFD |
| Services | Online trading platform |
| Revenue |
 US$ 327.9 million (FY, 2016) |
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US$ $152 million (2016) |
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| Website | plus500 |
Plus500 is a company providing online trading services to retail customers. The company was founded in 2008 and provides trading in CFDs on a range of financial markets. The company's main operations are based in Israel, with regulated entities in the UK, Cyprus and Australia, and additional operations in Bulgaria. Shares of the parent company, Plus500 Ltd, are listed on the Alternative Investment Market of the London Stock Exchange.
The company was founded by six alumni of the Technion Institute of Technology (Gal Haber, Alon Gonen, Elad Ben-Izhak, Shlomi Weizmann, Omer Elazari and Shimon Sofer), with an initial investment of $400,000 contributed by Gonen, the managing director of the company.
In 2013, the company announced an Initial public offering on the AIM market of the . Its shares started publicly trading on 22 July 2013, raising up to US$75 million, which put the company's Market capitalization to US$ 200million.
In early June 2015, Plus500 agreed to a $703 million bid from Playtech, an online gambling company that was expanding into trading. However, Playtech walked away from the deal in November 2015 after it failed to get regulatory approval for the takeover.
The company is registered and located in Israel with offices in the UK, Cyprus and Australia. The company's operational division is mainly located in Bulgaria.
The sPlus500 platform was initially a PC-based trading system. In 2010, the company rolled out its browser version for macOS and Linux users. In 2011, they launched their first app for iPad and iPhone users and during the following year they launched the Android app and In 2014 the company launched its Windows app.
It has been reported that 40% of the transactions were made by either Smartphones or tablets.
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Wikipedia