Plus500 Office Expansion in Haifa Headquarters

The Plus500 Office Expansion will revolutionize the company’s operational capabilities, effectively doubling capacity at Haifa. This strategic move underscores Plus500’s commitment to growth and innovation within the financial trading sector.

Plus500 (LON: PLUS) has expanded its office footprint in Israel, doubling the size of its workspace and significantly increasing its recruitment across various departments. Walla, a local news outlet, reported that the brokerage secured a lease for 5,800 square meters of office space within the Gev-Yam project in Haifa.

“The company’s new offices will respond to the expected growth of the company in the coming years,” translated from Hebrew, Plus500’s VP of Recruitment and Human Resources, Aden Dahan, conveyed this information to the local publication. “The offices include an innovative work environment designed to improve the working conditions and well-being of the employees.”

The architects from BA Studio office, renowned for their work on Google’s office spaces, were responsible for designing the new office area.

Doubling Down: Plus500 office expansion in Haifa

The report highlighted that the Israeli brokerage is actively recruiting for numerous positions spanning sales, software development, and various other departments. Notably, Plus500’s official LinkedIn page lists 13 available positions, with 12 based in its Haifa headquarters.

Plus500 specializes in providing forex and contracts for services (CFDs) trading services to retail traders.

The brokerage publicly lists itself in London, distinguishing among the few publicly traded FX and CFDs brokers despite its Israeli headquarters. In addition to its Haifa headquarters, Plus500 maintains an office in Tel Aviv, Israel, and has established physical presences in the United Kingdom, Cyprus, Australia, Seychelles, Singapore, Bulgaria, Estonia, the United States, and Japan. Presently, the company boasts a workforce of 521 employees.

Meanwhile, the Israeli brokerage is experiencing remarkable growth, having generated an annual revenue of approximately $725 million in 2023, accompanied by an EBITDA of around $340 million, significantly surpassing market expectations. Furthermore, the brokerage initiated a $100 million share buyback program and has repurchased a total of $0.6 billion worth of shares over the years.

For more broker news, visit: Broker Reviews