David Zruia, CEO of Plus500, commented: We are delighted to have received licence authorisation from the DFSA in the UAE and we are excited to bring our market-leading technology capabilities to customers in the region. This is the latest realisation of our strategy to enter new markets, develop new products, and deepen engagement with our…
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In 2022, EBITDA of the London-listed broker grew to $454 million from $387.1 million. Additionally, the company’s balance sheet remained strong as the Group continued to hold no loans or debt. The cash balance reached more than $900, compared to $749.5 million at the end of December 2021. Plus500 stated: The Group delivered an excellent…
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David Zruia, Chief Executive Officer, commented: We are very excited about the launch of '+Insights', which is the latest realisation of our strategy for Plus500 to further develop our position as a global multi-asset fintech group, offering our international customer base a diverse range of products and ensuring we continue to provide them with a…
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Plus500 stated: The purpose of the Share Buyback Programme is to highlight further the Board's continued confidence in the future prospects of Plus500 and reflects its strong financial position. This confidence is supported by the significant operational and financial momentum achieved by Plus500 over recent years, as the Group continues to make further progress on…
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Customer income for Q3 2022 stood at $149.4 million, slightly down from Q3 2021’s $156.9 milllion. Plus500’s CEO, David Zruia, commented: Plus500 has continued to outperform in 2022, driven by the power of our market-leading proprietary technology and our on-going ability to attract and retain higher value, long-term customers. We have made further traction in…
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Customer activity While the financial results registered in uptick in the first half of the year, the London-listed company saw a drop in active customers, as well as new ones. During the period, the number of new customers fell 58% to 57,275, compared to 136,980 in H1 2021. The active customers on the platform stood…
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Plus500’s CEO, David Zruia, commented: Plus500 continued to outperform in the first half of 2022, supported by positive momentum achieved in recent years and by the power of our market-leading proprietary technology. The Group continued to deliver outstanding levels of returns to shareholders during the period, through both recent $60.0m dividend payments and our most…
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Plus500 stated: The Group's strong performance so far in FY 2022 has also been driven by the development of new proprietary technologies and product offerings, which will deliver growth and drive expansion and diversification across new geographies. London-listed broker made significant steps in its global expansion. Plus500 entered Japanese trading market with the acquisition of…
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Plus500 stated in the official announcement: The purpose of the New Share Buyback Programme is to further highlight the Board's continued confidence in the future prospects of Plus500 and reflects its strong financial position. This confidence is supported by the significant operational and financial momentum achieved by Plus500 over recent years, as the Group continues…
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Customer growth and expansion During the first three months of the year, the London-listed broker onboarded 33,740 new customers. This is marginally higher than the previous quarter, when the number of customers fell but 62% lower than the Q1 2021. Plus500 also reported 176,642 active traders on its platform. The average revenue per user increased…
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