Plus500 expands its presence in Japan by acquiring EZ Invest Securities.
Japan’s Financial Services Agency (FSA) oversees EZ Invest. The company intends to grow its global footprint.Plus500, a worldwide multi-asset fintech corporation that operates proprietary technology-based trading platforms, today announced the purchase of EZ Invest Securities, Co., Ltd., a rising market in Japan (EZ Invest). Plus500’s most recent announcement occurred roughly five weeks after the company received a fresh regulatory licence in Estonia. Since the beginning of 2021, Plus500 has greatly boosted its attempts to grow its global footprint.
EZ Invest is a Type 1 Financial Instruments Business Operator regulated by the Financial Services Agency (FSA) in JapanThe financial services provider is also a member of the Japan Securities Dealers Association (JSDA) and the Japan Financial Futures Association (FFAJ). CFDs and OTC Foreign Exchange are among the services offered by EZ Invest.
“With the acquisition of EZ Invest, we are excited to announce our entry into the Japanese market.” This acquisition is a key strategic move for Plus500 as we continue to improve our position as a global multi-asset fintech firm by expanding our geographic reach”I am pleased about the prospects available in the significant Japanese retail trading market, and I am certain that, with Plus500’s extensive technical experience and powerful financial strength, we will be able to leverage this opportunity,” said David Zruia, the company’s CEO.
According to Plus500, the company’s global growth will be fueled by its recent acquisition and expansion of operations in Japan. Furthermore, the company intends to scale and develop its business in Japan by leveraging its financial strength and technology-driven resources.
“This purchase provides a significant growth opportunity for Plus500 and improves its strategic position as a global multi-asset fintech group by expanding the Group’s geographic footprint through an instant presence in Japan’s significant retail trading market,” the company said.