Plus500 (LON: PLUS) has doubled its office space in Israel and has ramped up its hiring in many areas. According to local media Walla, the broker rented 5,800 square meters of office space in the Gev-Yam project in Haifa.

A Bigger Plus500 Office

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

The new office space was designed by the architects of the BA Studio office, which is known for designing office space for Google.

A Push in Hiring

The report pointed out that the Israeli broker is hiring for dozens of roles in the areas of sales, software development, and several other departments. Indeed, the official LinkedIn page of the Plus500 lists 13 open roles, 12 of which are in its Haifa headquarters.

Plus500 is known for offering forex and contracts for services (CFDs) trading services to retail traders. Despite being headquartered in Israel, the broker is listed in London and is among the few publicly traded FX and CFDs brokers.

Besides its Haifa headquarters, Plus500 has another office in Tel Aviv, Israel. Outside Israel, it has a physical presence in the United Kingdom, Cyprus, Australia, Seychelles, Singapore, Bulgaria, Estonia, the United States, and Japan. Currently, the company has 521 employees.

Meanwhile, the Israeli broker is growing at a tremendous pace. It generated an annual revenue of about $725 million in 2023, along with an EBITDA of approximately $340 million. Both figures were “significantly ahead of… market expectations.” The broker further launched a $100 million share buyback program and bought back a total of $0.6 billion worth of shares over the years.