London-listed Plus500 has announced that it has acquired regulated Japanese securities firm EZ Invest.
The move sees Plus500 expand its presence in the Japanese retail trading market and is seen as a major growth opportunity for the company.
Financial services provider EZ Invest is licensed as a Type 1 Financial Instruments Business Operator by the Financial Services Agency of Japan and is a member of the Japan Securities Dealers Association and the Financial Futures Association of Japan.
“We are happy to announce our entrance into the Japanese market with the acquisition of EZ Invest,” “I’m thrilled about the prospects available,” said Plus500 CEO David Zruia.
Plus500’s purchase of Forex Club is a significant strategic move for the company, as it advances its global multi-asset fintech operations by broadening its geographical presence.
The announcement comes 5 weeks after Plus500 secured a regulatory license in Estonia. The company has stated that the recent acquisition and expansion of its operations in Japan will drive its global growth.
Plus500 plans to use its financial strength and technology-driven tools to scale and develop its business in Japan.