Further to our earlier article entitled Plus500 transfers London clients to Cyprus, which was based on a letter sent to a client by Plus500 Ltd (LON:PLUS), we have been able to clarify the situation a little better. It seems as though Plus500 is not automatically transferring any Plus500 UK clients to Plus500 CY (both regulated subsidiaries). Instead, Plus500 has been approaching its UK clients which have zero balance in their accounts, letting them know that they can continue trading with the company by opening a (new) account with Plus500 CY, regulated by CySEC. New-client documentation will be required as usual at ... (full story)