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Trading platform firm Plus500 has revealed weak revenues over the past three months after trading was hit by less volatile financial markets.
It said profits were still strong and it maintained its target for the financial year.
Plus500 told shareholders that revenue fell 2% to US$182.7 million (£136.1 million) in the quarter to September 30 from a year earlier.
This came after trading revenue fell 6.7% to $161.6 million (£120.4 million) during the period.
The company said this was due to “low levels of volatility in global financial markets during this period”, as equities improved amid reduced concerns over tariff uncertainty.
It also reported that the number of new customers declined by 9% during the quarter, with the total number of active customers falling by 5% to 115,327.
However, quarterly earnings remained strong, rising to $82.7 million (£61.56 million) from $82.2 million (£61.19 million) a year earlier due to improved margins.
David Zuria, Chief Executive Officer of Plus500, said: “Plus500 has made significant strategic progress during the first nine months of 2025, further diversifying the group’s multi-asset product offering, focusing on acquiring and retaining high-value clients, and strengthening our position as a trusted provider of global market infrastructure.
“We have strong momentum and are looking to the future with confidence, well-positioned to capitalize on short-term opportunities as well as attractive medium-term structural growth drivers in global financial markets.”