Acquisition of Guru, a broker-dealer in Brazil

Plus500 Limited

20 October 2026

 

20 October 2026                                               

Plus500 Ltd.

("Plus500", the "Company" or, together with its subsidiaries, the "Group")

Acquisition of Guru, a broker-dealer in Brazil, the second largest derivatives market globally[1]

Plus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, is pleased to announce that it has conditionally agreed to acquire the full ownership of Guru Corretora de Títulos e Valores Mobiliários Ltda ("Guru"), a regulated broker-dealer in Brazil (the "Acquisition"). The Acquisition further accelerates Plus500's growth strategy in Latin America, building on its existing B2B partnership with Nelogica and its local presence in Colombia.

Compelling strategic rationale with entry into Brazil, Latin America's largest economy

The Acquisition provides Plus500 with a direct local presence in Brazil, Latin America's largest economy and one of the world's most dynamic retail trading markets, and represents an exciting next step in the Group's regional expansion, following its recent entry into the Colombian market.

Guru is a registered broker-dealer, regulated by the Central Bank of Brazil ("BCB") and the Securities and Exchange Commission of Brazil ("CVM"). Guru's local expertise will accelerate growth and enable the delivery of new products and services to local customers, and its regulatory framework will allow the Group to build and broaden its local offering to include Brazilian stocks, futures, options and fixed income securities.

The Acquisition also advances Plus500's wider ambition to provide customers across Latin America access to US derivatives markets and a more comprehensive product offering. Powered by its proprietary technology and regulatory expertise, Plus500 will also continue to pursue additional growth avenues across Latin America, both organically and inorganically.

Bolt-on acquisition strategy driving shareholder value and structural growth

The Acquisition reflects the Group's disciplined approach to targeted bolt-on M&A: acquiring strategic businesses backed by local regulatory licences, market access and operational expertise, and subsequently scaling them using Plus500's proprietary technology and product innovation. Plus500 will fund the Acquisition entirely from existing cash resources of over $860m as of 30 June 2026 with the consideration payable upon completion, subject to customary regulatory approvals and other standard closing conditions.

This transaction marks Plus500's second strategic acquisition within approximately one week, following the recent announcement of the Hedge acquisition in the US. Delivering on these consecutive milestones provides a strong testament to the Group's disciplined execution capabilities, its proven track record in delivering against core strategic priorities, and its ongoing commitment to driving long-term shareholder value creation.

David Zruia, Chief Executive Officer of Plus500, commented:

"Brazil is one of the world's most attractive trading markets, and acquiring Guru gives us the licence, the experienced local team and the regulatory framework to thrive. By combining our proprietary technology and multi-asset trading expertise with our recently announced Nelogica partnership, we can now offer a far broader range of products, including access to US derivatives. This is another clear step in our value creation strategy to deepen our offering and reach new markets."

For further details:

Plus500 Ltd.
Elad Even-Chen, Chief Financial Officer Owen Jones, Head of Investor Relations	[phone] [phone] [e-mail]
FTI Consulting
Ed Berry Dwight Burden Victoria Hayns	[phone] [e-mail]

About Guru

Guru Corretora de Títulos e Valores Mobiliários Ltda is a Brazil-based securities brokerage firm, duly organised and existing under the laws of Brazil and authorised to operate by the BCB and subject to the regulations of the CVM.

About Plus500

Plus500 is a global multi-asset fintech group operating proprietary technology-based trading platforms. Plus500 offers customers a range of trading products, including OTC ("Over-the-Counter" products, namely Contracts for Difference (CFDs)), share dealing, as well as futures and options on futures.

The Group retains operating licences and is regulated in the United Kingdom, Australia, Cyprus, Israel, New Zealand, South Africa, Singapore, the Seychelles, the United States, Estonia, Japan, the UAE, the Bahamas, Canada, Colombia and India, and through its OTC product portfolio, offers more than 2,500 different underlying global financial instruments, comprising equities, indices, commodities, options, ETFs, foreign exchange and cryptocurrencies. Customers of the Group can trade its OTC products in more than 60 countries and in 30 languages.

Plus500's trading platforms are accessible from multiple operating systems (iOS, Android and Windows) and web browsers. Customer care is, and has always been, integral to Plus500. As such, OTC customers cannot be subject to negative balances. A free demo account is available on an unlimited basis for OTC trading platform users and sophisticated risk management tools are provided free of charge to manage leveraged exposure, and stop losses to help customers protect profits, while limiting capital losses.

Plus500 was admitted to trading on the London Stock Exchange (LON: PLUS) on 24 July 2013. It was admitted to the Equity Shares in Commercial Companies ("ESCC") Category of the Official List and is a constituent of the FTSE 250 Index and the STOXX Europe 600 Index. Website: www.plus500.com.

Forward looking statements

This announcement contains statements that are or may be forward-looking statements. All statements other than statements of historical facts included in this announcement may be forward-looking statements, including statements that relate to the Group's future prospects, developments and strategies. The Company does not accept any responsibility for the accuracy or completeness of any information reported by the press or other media, nor the fairness or appropriateness of any forecasts, views or opinions expressed by the press or other media regarding the Group. The Company makes no representation as to the appropriateness, accuracy, completeness or reliability of any such information or publication.

Forward-looking statements are identified by their use of terms and phrases such as "believe", "targets", "expects", "aim", "anticipate", "project", "would", "could", "envisage", "estimate", "intend", "may", "plan", "will" or the negative of those, variations or comparable expressions, including references to assumptions. The forward-looking statements in this announcement are based on current expectations and are subject to known and unknown risks and uncertainties that could cause actual results, performance and achievements to differ materially from any results, performance or achievements expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from those expressed or implied by such forward-looking statements include, but are not limited to, those described in the Risk Management Framework section of the Company's most recent Annual Report. These forward-looking statements are based on numerous assumptions regarding the present and future business strategies of the Group and the environment in which it is and will operate in the future. All subsequent oral or written forward-looking statements attributed to the Company or any persons acting on its behalf are expressly qualified in their entirety by the cautionary statement above. Each forward-looking statement speaks only as of the date of this announcement. Except as required by law, regulatory requirement, the UK Listing Rules and the Disclosure Guidance and Transparency Rules, neither the Company nor any other party intends to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

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[1] Source: The Futures Industry Association (FIA)

 

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