One of the most popular CFD brokers, Plus500, announced a significant investment in Tel Aviv. As part of its three-year strategy, Plus500 aims to improve its capabilities by investing $50m into the technology hub. The goal is to improve the trading experience of its international client base.
About The R&D Center In Tel Aviv
Plus500 is a brokerage firm aiming to constantly improve the online trading experience. It understands the necessity to innovate and offer access to premium features. The R&D Center will provide new capabilities and cutting-edge tools. Plus500 announced that the new center would manage the latest platform features. It will offer improved risk management and payment infrastructure.
Investors will see an improved live news feed on the Plus500 platform. Instant and pending orders, a host of drawing tools, and many other features are already available. Traders will also access real-time alerts on email and SMS.
This news comes after a productive year for Plus500. It experienced a six-fold increase in profits in Q1 of 2020, determined by an increase in market volatility and global lockdowns. Its Q3 EBIDTA reached 91% year-on-year to $134.2 million. Plus500’s platforms consistently attract thousands of new clients each month.
When it comes to why the new hub is in Tel Aviv, the answer is straightforward. It is home to 6000 startups and a supportive economy. Google, Microsoft, and Apple already have hubs in Tel Aviv.
Plus500 moves in the right direction, aiming to become the leading financial technology firm in the region. Traders will access better features, which will contribute to an improved online trading experience.
Plus500 is present in 50+ countries since it launched in 2008. It has more than 2000 instruments, including stocks, shares, commodities, and cryptocurrencies. Plus500 has a leverage of up to 1:300 and an excellent customer support team. Investing in this $50m technology hub in Tel Aviv is a smart move for this broker. Its platform promises an improved layout with 100 indicators and timeframes. A free mobile app is already available on iOS and Android. Plus500 offers an impressive user experience, which will improve online with the help of the R&D hub.