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Plus500 transfers London clients to Cyprus
LeapRate has been provided with a letter to a Plus500 customer, explaining that his trading account which was originally opened and operated by the firm’s London based, FCA regulated operations, has been transferred to Plus500’s CySec regulated operations in Limassol, Cyprus. LeapRate has been informed that Plus500 Ltd (LON:PLUS) has begun a process of transferring clients which were customers of the firm’s Financial Conduct Authority (FCA) regulated London operations to a separate division of the company, namely the firm’s Cyprus division, regulated by CySec. Following the issues which have been experienced ... (full story)
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