Tag: Plus500

Forex Weekly Look Back
April 16, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: HYCM on the rise of retail trading, ATFX launches AT Premier

Qinox Tech, a white-label and service provider for brokerage and exchange firms, has included a regulatory license of the South African Financial Sector Conduct Authority (FSCA) in the list of financial operational licenses. South Africa’s FSCA supervises financial institutions such as banks, brokers, market infrastructure providers. The regulator aims to increase the efficiency and integrity of…

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Plus500
April 13, 2021 BY Steffy Bogdanova

Plus500 registers record active customers in first quarter of 2021

Plus500 also highlighted that its share buyback program continued during the first three months of 2021. David Zruia, Chief Executive Officer of Plus500, commented: Plus500 delivered an excellent performance during Q1 2021, building on the positive momentum achieved in 2020. This performance has been driven by the strength and agility of our technology and its…

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Plus500 new share buyback program
February 19, 2021 BY Steffy Bogdanova

Plus500 repurchases 34K shares as part of its new buyback programme

The new buyback programme announced on 17 February 2021 will see the brokerage repurchase $25 million worth of shares. The move was announced following a massive surge in profits reported for 2020 and increased client activity. LeapRate reported earlier that the year ended for Plus500 with $500.1 million profit, almost 230% more than the previous…

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Plus500 new share buyback program
February 17, 2021 BY Steffy Bogdanova

Plus500 starts new $25M share buyback program

The purchases of share will take place in an open market transaction and market conditions, share price, trading volume and other factors will be taken into consideration. Credit Suisse Securities (Europe) Limited (“CS”) is appointed to manage the programme on the company’s behalf. Plus500 and its directors cannot invoke changes to the programme. Plus500's buyback…

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Plus500
February 17, 2021 BY Steffy Bogdanova

Plus500 reports strong revenue for the year

EBITDA skyrocketed by 168% to $515.9 million, compared to $192.3 million in the previous year. The company ended with net profit of $500.1 million from 2019’s $151.7 million. Client activity also remained strong on the platform. Plus500 reported 50,314 new traders in the fourth quarter, a strong increase of 158% from the previous year when…

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Forex Weekly Look Back
January 08, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: The Rangers pick Fortrade as official partner, Cboe completes acquisition of BIDS Trading

Eventus Systems, Inc., a global provider of multi-asset class trade surveillance and market risk solutions, has announced that the firm experienced unprecedented growth in multiple areas in 2020, marking its strongest year to date in revenue and new client onboardings. The company has additional expansion plans for 2021, with deeper penetration in asset classes such…

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Plus500
January 05, 2021 BY Steffy Bogdanova

Plus500 managing director Gal Haber steps down

The directorial change announcement followed a report of strong results for the company for 2020. Plus500 announced a record performance in FY 2020, with revenue expected to reach $872 million (In Q4 2020 the revenue was approximately $91 million). The company plans to publish its preliminary results for the financial year on 17 February. David…

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