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Plus500 Q2 revenues down 30% QoQ to $143M, launches share dealing platform
Leading FX and CFDs brokerage group Plus500 (LON:PLUS) issued a half year trading update, indicating that its business slowed significantly in Q2-2021 in terms of both revenues and new client acquisitions in what the company called a “stable market environment”. Plus500 reported that Group revenue in H1 2021 was $346.2m, (H1 2020: $564.2m, H1 2019: $148.0m), including $143.0m in Q2 2021 (Q2 2020: $247.6m, Q2 2019: $94.1m). The company added that Customer Income – revenue from customer spreads and overnight charges – reached $379.2m in H1 2021 (H1 2020: $556.9m, H1 2019: $175.0m), including $157.7m in Q2 2021 ... (full story)