Plus500 has conditionally agreed to acquire Brazilian broker-dealer Guru, giving the trading group a direct presence in Latin America’s largest economy.

The acquisition will give Plus500 full ownership of Guru Corretora de Títulos e Valores Mobiliarios, a broker-dealer regulated by Brazil’s Central Bank and Securities and Exchange Commission. The transaction marks Plus500’s second strategic acquisition in approximately one week The deal is part of Plus500’s expansion across Latin America, following its entry into Colombia and its existing business-to-business partnership with Nelogica. Once completed, the acquisition