Plus500 Shares Decline on Quarterly Report

Global forex and CFD provider Plus500 suffered heavy losses in revenue as reported in their latest quarterly report, prompting traders to send the share price of the company down as much as 44% at one point during recent market activity.

Plus500, sponsors of Spanish football giants Atletico Madrid potentially suffered the losses through their spread betting platform. Although it is unclear what particular segment of the business incurred the losses, it could potentially be from the cryptocurrency trading on offer as traders around the world continue to dabble in the often volatile commodity.

Whilst forex over the years has been a relatively stable product, recent additions to the product offering including stocks, resources and now cryptocurrency means that there are risks involved on both sides of the ledger as uncertainty and volatility can make or break customer accounts.

Additionally, it has been reported that the decrease in revenue is also attributable to European laws which have limited the amount of leverage customers can utilise when trading through brokers.

Latest News Read all news

ASIC Logo
AMF Logo
CySEC Logo
FSB Logo
FCA Logo
FSC Logo

Forex brokers who are listed on our website must be regulated with at least one regulatory body. Click here for a full list.

BestForexBrokers.com

Advocating safe forex trading across the world

©2019 BestForexBrokers.com - Forex (foreign exchange) trading carries an amount of risk that may not be suitable for all investors. Margin trading can be beneficial but also detrimental. You should consider your level of experience, capital you are willing to risk and trading conditions with each broker prior to trading in the forex market.