Plus500 Enters Japan

 Plus500 Enters Japan

Plus500 Now Available In Japan

Plus500, a famous trading platform, entered the Japanese market after acquiring EZ Invest Securities. This acquisition has come just months after the Plus500 entry into the US markets.

Plus500 is listed on the FTSE 100, and after this acquisition, experts believe that it will experience more growth & will also strengthen its strategic position among other fintech companies.

Earlier, the company acquired 'Cunningham Commodities and Cunningham Trading Systems,' which allowed it to move into the US market as well.

Currently, Plus500 has yet to disclose any financial information about the EZ invest buying deal. But the chief executive of Plus500 believes this acquisition will allow the company to diversify its geographic footprint and will help it establish itself as a multi-asset fintech company with global reach.

He further stated that the company is really excited about the different opportunities in the Japanese trading market. And considering the technological and financial capability of Plus500, he is very confident that they will get the best out of this opportunity.

Plus500 Shares Inched Higher

After taking this good news into consideration, some positive momentum was seen in the Plus500 shares as they gained 0.5 cents during the Monday session. After this price appreciation, the Plus500 stock price has reached a 14.65 price level, and the overall sentiment is positive.

During the early days of the COVID-19 pandemic, a massive spike in online trading was seen, which also boosted the firms such as Plus500. However, experts believe that this effect will slow down eventually.

If we look at the financial side, Plus500 actually reported a 26% decrease in its pre-tax profits during 2021. As for the revenues, Plus500 is looking at a fall of -18%, which is not a good thing no matter how you look at it.

However, the active customers of Plus500 have almost doubled when compared to the pre-pandemic levels, which is an indication that the company's profits may rise in the near future.

What Is Plus500?

Plus500 is a well-known broker that deals in a lot of financial products and services. With its global presence, Plus500 has subsidiaries in a lot of countries such as the UK, Australia, Cyprus, and even the United Kingdom. With the addition of Japan recently, the company has further expanded its customer base and global reach.

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