Plus500 Grows Presence in US, Becomes a Member of FIA

Plus500, Israel based global multi-asset fintech group, has became a member of the Futures Industry Association (FIA), expanding its presence in the country.

The broker secured the membership through its US arm, joining other clearing firms, exchanges, clearing houses, trading firms, and commodities specialists.

Plus500 dipped its toe in the US market a couple years ago, via an acquisition of a futures trading platform, Cunningham Commodities​.

​"The Group's continued execution against our strategic roadmap in the US," said CEO of Plus500, David Zruia. "Our membership of this highly respected, leading global organization represents another milestone for Plus500 as we harness our differentiated technological capabilities to seize the compelling growth opportunities in the US futures market."

In October, Fazzaco reported that Plus500 registered total revenue of $168.1 million for the third quarter of 2023, 5% higher than $160.6 million in Q2 2023.