Tag: Plus500

Plus500
January 10, 2022 BY Steffy Bogdanova

Plus500 expects $160 million revenue in Q4 2021

The customer trading performance for the year is expected to be around $16 million. Additionally, Plus500 expects EBITDA to reach $71 million for the quarter and $387 million for the year. The basic earnings per share is expected to be approximately $3.10. David Zruia, Chief Executive Officer, commented: "We are pleased to have delivered another…

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Plus500 new share buyback program
October 29, 2021 BY Steffy Bogdanova

Plus500 expands share buyback program with another $12.6 million

The company noted that all shares repurchased through the programme will be classified as shares held in treasury and will be taken out from circulation. According to the official announcement, all share purchases will take place in the open market. Liberum Capital Limited was appointed to manage this new programme. The London-listed forex and CFDs…

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Plus500
October 25, 2021 BY Steffy Bogdanova

Plus500 sees revenue drop of 2% in Q3 2021

The number of newly onboarded customers also registered a significant fall with 43% down in Q3. The new clients came at 26,169 during the quarter, compared to 46,238 for the same period last year. David Zruia, Chief Executive Officer of Plus500, commented: Plus500 delivered another excellent performance in Q3 2021, maintaining the strong operational momentum…

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Plus500 new share buyback program
August 18, 2021 BY Steffy Bogdanova

Plus500 repurchases 220 ordinary shares

Plus500 stated: The Company will hold the repurchased shares in treasury. Following the purchase of these shares, the remaining number of ordinary shares in issue will be 101,331,310 (excluding treasury shares), and the company will hold 13,557,067 ordinary shares in treasury. Therefore, the total voting rights in Plus500 will be 101,331,310. The CFD trading platform…

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Acquisition
July 20, 2021 BY Alan Sayer

Plus500 finalises acquisition of Cunningham Commodities

This latest acquisition is a continuation of Plus500’s strategy of acquiring companies to expand its geographical reach. This is a two-part process that the company carries out as it invests internally in its products and acquires companies that allow access into new markets. David Zruia, CEO of Plus500, had this to say: With a combination…

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Forex Weekly Look Back
July 16, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: X Open Hub’s Sylwester Jezierski discusses changes in the industry, FP Markets adds more than 500 share CFDs

With the emerging new requirements in the investment ecosystems, it is important for brokerages to keep up with the digital age. Software company Devexperts in cooperation with Turkish broker Global Securities released a number of updates for the BayGlobal trading platform. Users on BayGlobal can now listen to live broadcasts of Global’s financial analysts. Every…

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Plus500
July 12, 2021 BY Alan Sayer

Plus500 posts strong H1 2021 figures

This is why the company feels that comparing the 2021 performance to the 2019 performance gives a more accurate analysis. Plus500 managed to generate more than twice the revenue in H1 2021 for the same period in 2019.  The trading update also mentions that the company managed to achieve this even in the face of…

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Forex Weekly Look Back
May 14, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: Capital.com clients rise 233% in Q1 2021, CMC Markets laucnhes signiture share basket

Eventus Systems, Inc has just announced that it has signed Australian stock brokerage firm Morrison Securities as a client. Eventus will deploy its Validus platform for trade surveillance in equities, equity options and warrants for the Sydney-based company. Eventus Systems has steadily grown its presence around the world including in the APAC region. Morrison Securities…

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Plus500
May 13, 2021 BY Steffy Bogdanova

Plus500 shareholders approve Jacob Frenkel as Chair of the Board

Frenkel is a veteran in the field with more than 40 years in global macroeconomics. He has built a significant experience in leading and advising a number of high profile multi-national financial institutions. Most recently, Frenkel served as Chairman of JPMorgan Chase International, between 2009 and 2020. He was also Chairman of the Board of…

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