FCA regulated online CFDs broker Plus500 Ltd (LON:PLUS) has issued a second Trading Update during Q4.
After indicating (in late October) that its Q3 Revenues fell by 40% from the previous quarter to $100.1 million, Plus500 has now announced that the strong momentum reported in its Q3 Trading Update has continued into November to date. Accordingly, the company’s Board believes that Plus500’s results for the financial year ended 31 December 2018 will be ahead of previous market expectations.
Asaf Elimelech, Chief Executive Officer of Plus500, commented:
We are delighted to report positive momentum for October and November as we move towards the end of the financial year. We believe we are in a good position for 2019 and continue to focus on acquiring high value customers as well as growing in existing and new jurisdictions.