back to top

Sales slump at Plus500 as trading is hit by less volatile financial markets

Share post:

- Advertisement -
- Advertisement -
- Advertisement -


Plus 500 has revealed weaker revenues over the past three months after trading was hit by less volatile financial markets.

The trading platform said profits were nevertheless stronger and maintained its targets for the financial year. 

Revenues at the group fell by 2 per cent to $182.7million (£136.1million) for the quarter to September 30, compared with a year earlier.

Quarterly earnings were stronger, rising to $82.7million (£61.6million) from $82.2million (£61.2million) a year earlier as margins improved.

The company said this was driven by ‘lower levels of volatility across global financial markets during the period’, as equities improved amid reduced concerns over tariff uncertainty.

It also reported that new customer numbers fell by 9 per cent, with total active customers dropping by 5 per cent to 115,327 for the quarter.

Sales hit: Trading platform Plus500 saw revenues fall by 2% to $182.7m over the past three months after trading was hit by less volatile financial markets

Sales hit: Trading platform Plus500 saw revenues fall by 2% to $182.7m over the past three months after trading was hit by less volatile financial markets

DIY INVESTING PLATFORMS

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

Account and trading fee-free ETF investing

InvestEngine

Account and trading fee-free ETF investing

InvestEngine

Account and trading fee-free ETF investing

Free share dealing and no account fee

Trading 212

Free share dealing and no account fee

Trading 212

Free share dealing and no account fee

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you

- Advertisement -

Popular

Subscribe

More like this
Related