Skip to main content
The Markets by Proactive
Go to Proactive UK
Proactive UK has moved. Proactive’s coverage of London’s small caps continues on proactiveinvestors.com Go there →
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
Go to Proactive UK
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK
Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK

Investments and investor services

Plus500 shares stumble despite boast of continued 'outstanding' trading

“While market conditions remain uncertain, macroeconomic and sector-specific newsflow continue to provide significant trading opportunities for customers,” the online broker said

Plus500 Ltd (LON:PLUS) boasted of a continued “outstanding performance” into the second half of the year.

Without going into any numbers, the online CFD, forex and crypto trading broker said revenue had remained “strong” since the start of July, particularly customer income.

There has been “further growth” in the number of active customers, with a “high level” of newcomers on-boarded so far in the second half, driven by investment in marketing.

The Israel-headquartered company said use of its platform “remains at elevated levels” and customer deposits “continue to be very robust”.

Management are confident that the FTSE 250 group can deliver sustainable future growth, saying: “While market conditions remain uncertain, macroeconomic and sector-specific newsflow continue to provide significant trading opportunities for customers.”

“Therefore, the board remains very confident about the outlook for Plus500, particularly given the company's outstanding performance so far this year,” echoing comments from the first-half results.

Shares in the company fell 1% to 1,486.5p in early trade on Wednesday, having risen more than 70% since the start of the year.

Advertisement
The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
Go to Proactive UK