Tue, May 21, 2024

Plus500

Plus500 Witnesses Growth in Q1 Revenue

In the first quarter, Plus500 reported a $215.6 million revenue, marking a 4% rise Y-o-Y and a 14% increase Q-o-Q. Customer income was $169.6 million, with $30.6 million coming from customer trading performance. The remaining revenue came from interest income.   Today’s unaudited trading update shows Plus500’s Q1 EBITDA hit $102.6 million, up 2% Y-o-Y …

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Plus500 Expands Office Space in Haifa and Boosts Hiring

Plus500 has significantly expanded its Haifa office space and increased recruitment efforts across various departments. Local news source Walla reports the brokerage has leased an additional 5,800 square meters in the Gev-Yam complex in Haifa. Aden Dahan, Plus500’s Vice President of Recruitment and Human Resources, stated the expansion is in anticipation of the company’s future …

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Plus500 Expands in the US with FIA Membership

The American division of Plus500 (LON: PLUS) has consolidated its position in the US by joining the Futures Industry Association (FIA). The development comes a few years after the broker’s initial foray into the US market through an acquisition. Plus500’s Calculated Move Founded in 1955, the FIA serves the futures, options, and derivatives markets, including …

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Plus500 logo sign on the office building.

Plus500 Sponsors BSC Young Boys for 2 More Years

An official announcement confirmed that Plus500 had prolonged its sponsorship deal with BSC Young Boys, a Swiss football club, for two additional play seasons. The Israeli brokerage company was previously named as the club’s primary shirt sponsor for the 2020/21 and 2021/22 seasons. A Significant Partnership in European Football BSC Young Boys is a prominent …

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Saxo Bank’s FX Vol Drops Despite Rising ADV

In February, trading on Saxo Bank experienced an overall reduction of 4.2%, with a total volume amounting to $359.8 billion for the month – and even more significantly, signifying a 14% decrease compared to last year’s numbers! Despite a shorter month, the daily average trading volume on the platform experienced significant growth; it increased to …

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Plus500 website.

Plus500 Ends 2022 with $832M in Revenue.

On Tuesday, Plus500 declared a year-end trading report displaying that the company’s revenue surged to $832 million for the financial year 2022 – an impressive 15.7% YoY growth! Furthermore, the EBITDA of the organization skyrocketed to a remarkable $454 million from an initial figure of $387.1 million. Plus500 hits the revenue target. The financial year …

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