Plus500 (LON: PLUS) is continuing its expansion in the Americas and is now seeking a licence in Chile, FinanceMagnates.com has learned. It has already established a local entity in the South American country.Plus500’s Americas PushThe Israeli broker’s possible expansion into the Latin American markets came after establishing itself in the US retail futures trading market. Recently, it obtained a Canadian licence that allows the broker to offer over-the-counter (OTC) instruments locally.In its latest financials, Plus500 mentioned that its “strategic objectives include expanding into new markets” and added, “The Group will also continue to allocate substantial financial and operational resources to this business as it expands its operations beyond the US.”Plus500's latest financials: Customer Deposits Soar 107% to Record $3.1B in H1 2025 Latin America Attracts CFD BrokersMeanwhile, Plus500 is not the only broker to head towards Chile. Its rival XTB has also obtained licences from the country’s regulator.“Chile stands out as a key player in XTB’s global growth vision, and I eagerly anticipate welcoming many new clients who will be onboarded under our new licence,” XTB’s CEO, Omar Arnaout, earlier said.While the Chilean regulator has created a functioning path to regulate contracts for differences (CFD) brokers, most of the neighbouring countries still do not regulate this industry.However, several other brokers have also established a physical local presence in Chile and other neighbouring countries, but do not hold any local licences. Many are targeting Brazil and Mexico because of their large market size.Read more: Intelligence Report: Betting on Brazil and Mexico. Is It Worth It?Meanwhile, Israel-headquartered Plus500 is also expanding in the Asian markets. It obtained a licence in the United Arab Emirates, specifically from Dubai’s Securities and Commodities Authority (SCA), earlier this year, and also secured a new commodities licence in Japan, which will allow it to expand its OTC offering to the commodities asset class.The Israeli broker also decided to acquire an Indian broker earlier this year for $20 million to tap into the country’s options and futures market.This article was written by Arnab Shome at www.financemagnates.com.