Plus500 Ltd (LSE:PLUS), the London-listed global multi-asset fintech group, has officially applied for a regulatory license to operate in Chile, one of the region’s most promising financial markets 

The application is being processed through La Comisión para el Mercado Financiero (CMF), Chile’s financial markets regulator. Plus500 is working closely with Carey Abogados, a prominent local law firm, to navigate the regulatory landscape and secure the necessary approvals 

Plus500’s interest in Chile is not sudden. The company registered a local entity in 2024, laying the groundwork for its market entry. Key executives, including CEO David Zruia, CFO Elad Even-Chen, and Ofir Chudin, CEO of Plus500’s Cyprus entity, are listed as directors of the Chilean subsidiary 

This move aligns with Plus500’s broader strategy of global expansion through licensing and acquisitions. In its latest half-year results, the company reiterated its commitment to entering new markets, either by acquiring local firms or securing regulatory licenses 

Why Chile?

Chile has emerged as a hotspot for online trading platforms, thanks to its favorable regulatory environment. Unlike the UK and EU, Chile does not impose stringent leverage restrictions or aggressive risk warnings. For instance, rival broker XTB offers leverage up to 500:1 on certain products 

Other major players like Pepperstone have also received CMF approval and begun operations in the country, indicating a growing appetite for CFD and forex trading among Chilean investors 

Despite its presence in major markets such as the UK, US, Japan, Australia, Singapore, and India, Plus500 has yet to establish a foothold in Latin America. Chile represents a regulatory blank spot for the broker, and entering this market could unlock significant growth potential.

While some brokers like XM and Exness have aggressively targeted Latin America, the profitability of these ventures remains unclear. However, XTB CEO Omar Arnaout previously stated that Chile could become one of the company’s top five branches globally, underscoring the region’s strategic importance 

If approved, Plus500 will join a growing list of international brokers operating in Chile, offering retail investors access to a wide range of trading instruments. The move could also pave the way for further expansion into neighboring markets such as Brazil, Colombia, and Peru.

This development follows Plus500’s recent licensing wins in Canada and the UAE, as well as its growing futures business in the US, which is expected to generate over $100 million in revenue in 2025 

Plus500’s application for a Chilean license is more than just a regional play—it’s a calculated step in its mission to become a truly global fintech powerhouse.

As Latin America continues to attract attention from major brokers, Plus500’s entry into Chile could mark the beginning of a new chapter in its international growth story.

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