Latest news with #Plus500
Finextra
07-05-2025
- Business
- Finextra
Saxo hires Michelle West as UK head of compliance
Saxo, the leader in online trading and investment, today announces the appointment of Michelle West as UK Head of Compliance. 0 In her role, Michelle will focus on further enhancing Saxo's risk and compliance functions, ensuring Saxo maintains the highest standards of operational integrity. Michelle brings significant expertise and a wealth of experience in compliance, having held several regulatory compliance roles over the past 30 years at the Bank of America, ABN AMRO, National Bank of Greece, Alpari UK Limited, Electronic Voice & Foreign Exchange Limited and Plus500UK Limited. Prior to joining Saxo, Michelle served as the Head of Compliance & Money Laundering Reporting Officer at Plus500UK Limited, where she co-spearheaded the development of effective compliance and anti-money laundering policies and procedures, systems and controls at the firm. Before this, Michelle was a regulatory consultant, working with some of the UK's top retail banks, foreign banks, hedge funds, corporate financiers, equity and forex brokers. Commenting on her new role, Michelle West said: "I'm excited to be joining Saxo at such a pivotal time for the business. In an evolving regulatory landscape, I look forward to working with the team to ensure that Saxo remains at the forefront of risk management and regulatory compliance." Andrew Bresler, CEO of Saxo UK, commented on her appointment: "We are delighted to welcome Michelle to the team, as we continue to deliver on our ambitious growth strategy in the UK, supporting UK investors to make the most of their money and savings. Michelle's appointment reinforces Saxo's commitment to safeguarding our clients' interests through strong operational foundations and effective risk management. Michelle's extensive experience and breadth of knowledge will be invaluable as we continue to develop and expand our UK operations.' Michelle's appointment follows that of Neil Wilson as UK Investor Strategist in April 2025. In his role, Neil will focus on providing market insight and commentary tailored for UK investors, further strengthening Saxo's commitment to delivering expert guidance to its client base. Last month, Saxo unveiled a new Flexible ISA, following a 591% surge in demand for its Stocks and Shares ISA during January and February 2025 compared to the same period last year. The launch comes as Saxo continues to see strong momentum across its business. A revamped pricing model has helped drive a 132% year-on-year increase in new trading clients globally in 2024. In the UK specifically, Saxo has reported notable growth among younger and more diverse investors: clients under the age of 25 now account for 15% of new sign-ups, up from 9% in 2023, while the proportion of new female clients has tripled year-on-year to reach 18%.
Daily Mail
28-04-2025
- Business
- Daily Mail
Plus500 lifts guidance as market volatility delivers 'excellent start'
Plus500 expects its annual results to surpass market forecasts following an 'excellent start' to the year. The stock trading paltform saw its earnings before nasties soar by 23 per cent from the fourth quarter of 2024 to $93.8million in the three months ending March. Turnover increased by 13 per cent to $205.9million, primarily driven by a $15.4million gain on customers' trading positions amid elevated financial market volatility. While the number of active customers shrank by 4 per cent to 130,514, their average deposits more than doubled to $12,450, spurred by Plus500's focus on attracting and holding onto higher-value traders. During this period, Plus500 also agreed to acquire financial services business Mehta for £20million in order to capitalise on the Indian retail trading market, the world's largest by volume. More than 150 billion futures contracts were traded in India last year, equivalent to over three-quarters of global transaction volumes, according to the Futures Industry Association. David Zruia, chief executive of Plus500, said: 'Plus500 has made a strong start to the year achieving strategic progress across several important pillars of growth.' He added that the Metha takeover would help 'deliver valuable synergies with our US futures business as we continue to establish our global futures offering. 'With the excellent start we have made in 2025, the board anticipates that the FY2025 results will be ahead of current market expectations.' Founded in 2008 in Israel, Plus500 specialises in selling derivatives called contracts for difference (CFD), which allow traders to speculate on the price of an asset, such as stocks or commodities, without owning the asset. The London-based company enjoyed enormous growth during the peak of the Covid-19 pandemic as heightened market uncertainty boosted day trading and amateur retail investing levels. It has since expanded into multiple markets, recently launching a subsidiary business in the United Arab Emirates after gaining a regulatory licence from the country's Securities and Commodities Authority. Analysts at Peel Hunt said: 'Plus500 continues to deliver strong results, whilst dealing with current market volatility effectively.' Plus500 shares fell 2.2 per cent to £29.82 on Monday morning, making them the FTSE 250 Index's worst performer, although they have still grown by around 38 per cent over the past year.
Time of India
28-04-2025
- Business
- Time of India
Online trading platform Plus500 tracks ahead of full-year expectations
Online trading platform Plus500 said on Monday it expects full-year results to exceed market expectations after first-quarter core profit rose 23% sequentially, driven by a strong client base and increased global market volatility . #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" Companies like Plus500 thrive on turbulent geopolitical and financial environment as more customers tend to trade and use their services. Global markets have see-sawed since US President Donald Trump announced his trade policies earlier this month and ceasefires in Gaza and between Russia and Ukraine remain uncertain. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo The company, which provides equity, commodity and options trading services and is active in more than 60 countries, said average deposit per active customer increased by 106% to about $12,450 during the quarter from the around $6,050 reported last quarter. Core profit for the three months ended March 31 reached 93.8 million pounds, up 23% sequentially. Live Events
The Independent
28-04-2025
- Business
- The Independent
Plus500 hikes outlook amid stock market volatility
Online trading platform Plus500 has said full-year results will be better than forecast after a boost from turbulent financial markets amid a mounting global trade war. The London-listed group said it had made an 'excellent' start to the year, with revenues up 13% at 205.8 million US dollars (£154.8 million) in the first quarter, helping underlying earnings jump by 23% to 93.8 million US dollars (£70.5 million). Plus500 also said it added another 26,897 customers in the first three months of 2025, up 16% year on year and more than a quarter higher – up 26% – since the end of last year. It now has 130,514 active customers. The firm said: 'The group has made an excellent start to the year, driven by recent macroeconomic and financial market conditions among other factors. 'Therefore, the company's board of directors anticipates that the full-year 2025 results will be ahead of current market expectations.' Financial markets worldwide have been thrown into recent turmoil after US President Donald Trump has waged a global trade war. There are fears it could hit global growth and possibly send the US into a recession if Mr Trump presses ahead with planned tariff hikes and if countries retaliate across the board. While he paused wider tariff increases for many countries, he has already raised the tariffs on Chinese imports to 145%, with China hitting back with a reciprocal 125% increase on US goods. Markets have see-sawed over the past month as the trade battle has escalated. As well as being buoyed by the market conditions, Plus500 said it was also benefiting from recent acquisitions, such as the takeover of Mehta Equities in India. David Zruia, chief executive of Plus500, cheered the strong start to the year and 'strategic progress across several important pillars of growth'. He said: 'Our futures business continued to expand with the recent acquisition of Mehta Equities in India, which will enable us to deliver valuable synergies with our US futures business as we continue to establish our global futures offering.'
Yahoo
24-04-2025
- Business
- Yahoo
Plus500 (LON:PLUS) shareholders have earned a 27% CAGR over the last five years
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But on the bright side, you can make far more than 100% on a really good stock. For example, the Plus500 Ltd. (LON:PLUS) share price has soared 133% in the last half decade. Most would be very happy with that. It's also up 9.5% in about a month. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. Over half a decade, Plus500 managed to grow its earnings per share at 23% a year. This EPS growth is higher than the 18% average annual increase in the share price. So one could conclude that the broader market has become more cautious towards the stock. This cautious sentiment is reflected in its (fairly low) P/E ratio of 10.61. You can see below how EPS has changed over time (discover the exact values by clicking on the image). We know that Plus500 has improved its bottom line lately, but is it going to grow revenue? This free report showing analyst revenue forecasts should help you figure out if the EPS growth can be sustained. It is important to consider the total shareholder return, as well as the share price return, for any given stock. The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Plus500 the TSR over the last 5 years was 229%, which is better than the share price return mentioned above. This is largely a result of its dividend payments! It's good to see that Plus500 has rewarded shareholders with a total shareholder return of 49% in the last twelve months. And that does include the dividend. That gain is better than the annual TSR over five years, which is 27%. Therefore it seems like sentiment around the company has been positive lately. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. It's always interesting to track share price performance over the longer term. But to understand Plus500 better, we need to consider many other factors. Consider risks, for instance. Every company has them, and we've spotted 1 warning sign for Plus500 you should know about. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on British exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
