Plus500 Introduces a Social Trading Platform +Insights

Plus500 is a CFD broker with offices in London and Israel. It plans to launch +Insights, which will be its own version of social trading that will focus on data.

The broker created the +Insights platform. It maintains software development teams in both Israel and Bulgaria. +Insights will be officially launched by Plus500 in early November.

There is no “conventional” copy trading or social trading on Plus500 Insights. Instead, it would employ community data to provide customers with real-time access to the activities of millions of Plus500 traders. Users may use +Insights' unique and creative capabilities to learn about the most popular instruments on the platform (e.g., most traded, most seen, most purchased, most sold, most profit-making, most loss-making...) and stay up to date. Plus500 traders will get unique access to the +Insights platform.

The move is part of a change in Plus500's strategy over the last several months, which has typically been rather cautious in its approach. Plus500 was one of the first companies to offer crypto CFD trading to its clients. However, it has mostly targeted clients in the United Kingdom and the European Union, as well as a certain sort of “self-converting” customer.

Plus500 has recently started to take steps to diversify both geographically and in terms of its products or customers. In July, we were the only ones to report that the company had chosen Nadav Shilo, the director of its Affiliates program, to run marketing in Asia. Plus500 started a new advertising and branding campaign around the world in June. Well-known actor Kiefer Sutherland is the Brand Ambassador for this campaign.

Plus500 signed a multi-year deal with the Chicago Bulls earlier this month, adding to its list of sports sponsorships. This deal has a lot of appeal outside of Plus500's regular European customer base.

But, getting back to the problem at hand, Plus500 seems to be trying to compete more aggressively with one of its main competitors, eToro, which has long focused on social trading to grow its client base (and trading volume).

About Plus500

Our Plus500 review covers everything from the online trading platform Webtrader to the mobile app and costs. We cover everything in our comprehensive review, whether you want to log in and trade Bitcoin, ripples, or oil, or you simply want to know about the demo account and minimum deposit.

Plus500 is a major online Contract for Difference (CFD) trading platform run by Plus500 Ltd., a holding company.

The firm is traded on the London Stock Exchange's Main Market. Operating via three distinct subsidiaries:

• Plus500UK Ltd,

• Plus500CY Ltd

• Plus500AU Pty Ltd.

Establishing the brand as synonymous with dependability and conformity

This is mostly because Plus500 (or its subsidiaries) is regulated in many different countries around the world.

In addition to being regulated globally, Plus500 is also an active sponsor of professional soccer and rugby clubs.

Since 2016, the company has been the official sponsor of Club Atletico de Madrid. Legia Warsaw and Atalanta were also added to the list in 2020.

Regulation and Linceses

Plus500 has been in business since 2008, and traders in the internet community have grown to know and trust it. Plus500 Ltd is listed on the main market of the London Stock Exchange, which helps the broker's reputation for being financially stable.

In terms of regulatory control, Plus500 subsidiaries are subject to the following agencies:

• Plus500UK Ltd is authorized and regulated by the Financial Conduct Authority (FRN 509909).

• Plus500CY Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (Licence No. 250/14).

• Plus500AU Pty Ltd, ACN 153 301 681, AFSL # 417727, issued by the Australian Securities and Investments Commission is authorized to issue these products to Australian residents.

• Derivatives issuer license in New Zealand, FSP #. 486026 authorizes them to issue these products to New Zealand residents.

• Plus500AU Pty Ltd, is also an authorized Financial Services Provider in South Africa, FSP 47546.

Plus500 may deal with traders from Australia, Europe, and the United Kingdom thanks to subsidiaries that are regulated by the FCA in the United Kingdom, ASIC in Australia, and CySEC in Cyprus. As a result, customers may take advantage of the rights and advantages that come with being covered by the Financial Services Compensation Scheme (FSCS) and the Investors Compensation Scheme.

The Estonian Financial Supervision Authority (FSA) monitors the business as a licensed investment firm.

Check out for more of Plus500 here: https://www.wikifx.com/en/dealer/0001628446.html

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