as lse plus industry online trading founded 2008 2008 founder alon gonen md gal haber md elad ben izhak cmo omer elazari cto shlomi weizmann system architect shimon sofer number of locations 6 key people asaf elimelech ceo elad even chen cfo david zruia coo products cfd services online trading platform revenue us 275.6 million fy 2015 1 operating income us 127.9 million 2015 1 website plus500.com 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 . 2 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 . 3 contents 1 history 2 operations 2.1 controversy 2.2 number of tradable instruments 2.3 affiliates 2.4 regulation 3 see also 4 references history edit 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 . 2 in 2013 the company announced an initial public offering on the aim market of the london stock exchange . 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 . 4 in early june 2015 plus500 agreed to a 703 million bid from playtech an online gambling company that was expanding into trading . 5 however playtech walked away from the deal in november 2015 after it failed to get regulatory approval for the takeover . 6 operations edit the company is registered and located in israel with offices in the uk cyprus and australia . the service was initially a pc based trading system . in 2010 the company rolled out its browser version for macos and linux users . 7 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 . 2 screenshot of the desktop software controversy edit the financial services authority fsa fined plus500uk limited 205 128 for failing to provide accurate and timely transaction reports to the fsa in respect of all the reportable transactions they carried out . 8 in may 2015 plus500 was hit with massive value loss when its stock plunged almost 60 percent due to the company s move to freeze 55 percent of its uk based trader accounts . the uk financial conduct authority had ordered plus500uk the uk subsidiary of plus500 to freeze the accounts as part of a review into anti money laundering controls . most customers were able to access their funds within 2 months . the australian and the cyprus subsidiaries were not affected . 9 number of tradable instruments edit plus500 is one of the first cfd brokers that brought a wide range of trading instruments to retail clients . depending on country you can trade up to 2.000 cfd instruments in plus500 . those include us and uk stocks commodities exotic forex pairs etfs national indices and some crypto currencies like bitcoin . affiliates edit the company runs an affiliate program called 500affiliates to refer new traders by website owners and other internet marketers . the program mostly gained such high popularity due to 25 eur practice account on constant offer . the program has over 70 000 registered affiliates worldwide operating in 29 languages . it has been named one of the most profitable affiliate programs by some trading news sites . regulation edit plus500 ltd licences their cfd trading platform as the plus500 brand . plus500 ltd operates its cfd business through its subsidiaries plus500uk ltd. which is authorised and regulated by the financial conduct authority fca 10 frn 509909 ; plus500au pty ltd afsl 417727 issued by the australian securities and investments commission asic and plus500cy ltd which is authorised and regulated by the cyprus securities and exchange commission cysec 11 sec registration number 250 14 . see also edit list of foreign exchange companies references edit a b plus500 . finance report 2015 . retrieved 17 february 2016 . a b c globes . plus500 absolutely israeli . stockmarketwire . plus500 h1 pretax profit rises to 20.5 m . retrieved 27 august 2013 . leap rate . plus500 ipo successful company raises 25m shareholders sell 50m . retrieved 2 september 2013 . partington richard 1 june 2015 . playtech pays 460 million for u.k. trading platform plus500 . bloomberg . playtech folds on plus500 deal after regulatory concerns . financial times . november 23 2015 . haartez . plus500 raises 75m in london stock offering . fca.org.uk http www.businessinsider.com israeli spreadbetting firm plus500s stock is bombing after freezing accounts money laundering 2015 5 plus500 fx empire s overview of plus500.com . fx empire . plus500 receives cysec license . retrieved 22 october 2014 . retrieved from https en.wikipedia.org w index.php title plus500 & oldid 741824492 categories companies based in londontrading companieslondon stock exchangeonline brokerageselectronic trading platformscompanies established in 2008israeli companies listed on the london stock exchangefinancial derivative trading companiesforeign exchange companiesisraeli brandshidden categories use dmy dates from february 2014use british english from february 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages deutschespa olitalianopolski edit links this page was last modified on 29 september 2016 at 22 03 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view