Plus500 revenue in the first quarter of 2024: growth by 4%

Plus500 revenue in the first quarter of 2024: growth by 4%, increase in clients

Plus500’s first-quarter revenue rose to $215.6 million, up 4% year-over-year and 14% quarter-over-quarter. The number of new clients has also increased significantly.
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Plus500
95
Min. deposit
100$
Max. leverage
1:30
Bonus
Used by
430000+
Min. Spread
Variable
Trading platforms
Own Platform
Web Platform
MetaTrader 4
MetaTrader 5
Deposit methods
Trustly, iDEAL, PayPal, Klarna, Credit/Debit Cards, Skrill
Regulated by
MAS
FCA
FSA Seychelles
CySEC
ASIC
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Plus500 revenue in the first quarter of 2024: growth by 4%, increase in clients

Plus500‘s first-quarter revenue rose to $215.6 million, up 4% year-over-year and 14% quarter-over-quarter. Customer revenue was $169.6 million and the company’s EBITDA for the quarter reached $102.6 million, up 2% year over year and 19% quarter over quarter. Despite this, the number of new customers increased significantly by 13% and 61% compared to last year and the previous quarter, respectively.

 

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However, the total number of active clients of the Israeli broker fell by 2% to 134,745. But the quarterly comparison improved by 14%. The average revenue per user on the platform is estimated at $1,600, and the average customer acquisition cost (AUAC) was $1,320. It is noted that the company has improved its AUAC score.

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82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.