Zruia has been appointed as the permanent CEO, having been the interim CEO since April 2020.
Plus500 announced this Tuesday that it has appointed David Zruia as its permanent Chief Executive Officer (CEO) after having held the role on an interim basis since the 20th of April this year.
As Finance Magnates reported, Zruia was named as interim CEO after Asaf Elimelech, the former CEO of Plus500, handed in his resignation. Zruia was the Chief Operating Officer of the online trading provider, having held the role since 2013. He has been working with the broker since 2010.
In addition to announcing the appointment of Zruia, Plus500 has also provided a trading update for the six months ended on the 30th of June 2020. According to the company’s statement published today, the firm saw continued Volatility during its second quarter.
As a result, the trading provider has seen a consistently high level of customer trading activity. In fact, for the first half of 2020 Plus500 has reported a record number of active customers trading on its platform.
In particular, 198,176 New Customers were onboarded during the first half of this year, as opposed to 47,540 in the first half of 2019, representing a growth of 316.9 per cent. In the second quarter of 2020, 115,225 new customers joined Plus500. This is also stronger by 339.2 per cent from the 26,234 onboarded in Q2 of 2019.
Clients trade smarter on Plus500
Furthermore, Plus500 achieved a record level of half-yearly Customer Income of approximately $556.9 million. This is up by 218.2 per cent from the $175.0 million Customer Income achieved in the first half of last year.
During the period, Plus500 also saw the period-end position of Customer Trading Performance revert to insignificant historical levels, with revenues from customer trading performance contributing about 1 per cent to the total revenues during the period.
Commenting on his appointment and the trading update David Zruia, Chief Executive Officer of Plus500, said in the statement: "Having been part of the Plus500 team for almost 10 years, I am honoured to be given the opportunity to become CEO of the Company. It has been exciting to lead the business on an interim basis over the last few months and I believe that Plus500 is in an extremely strong position, both operationally and financially, to deliver future growth for our shareholders.
"This position is highlighted by our exceptionally strong performance during the first half of 2020. The significant number of New Customers on-boarded is a strong signal of the sophistication and accessibility of our proprietary technology platform. This performance is also a testament to our people, who have been fully committed to ensuring that we have offered our customers a consistent, seamless, high quality service in extremely challenging, and unprecedented, circumstances.
"Given our performance in the first half, we remain very confident about the prospects for the Company."
Plus500 announced this Tuesday that it has appointed David Zruia as its permanent Chief Executive Officer (CEO) after having held the role on an interim basis since the 20th of April this year.
As Finance Magnates reported, Zruia was named as interim CEO after Asaf Elimelech, the former CEO of Plus500, handed in his resignation. Zruia was the Chief Operating Officer of the online trading provider, having held the role since 2013. He has been working with the broker since 2010.
In addition to announcing the appointment of Zruia, Plus500 has also provided a trading update for the six months ended on the 30th of June 2020. According to the company’s statement published today, the firm saw continued Volatility during its second quarter.
As a result, the trading provider has seen a consistently high level of customer trading activity. In fact, for the first half of 2020 Plus500 has reported a record number of active customers trading on its platform.
In particular, 198,176 New Customers were onboarded during the first half of this year, as opposed to 47,540 in the first half of 2019, representing a growth of 316.9 per cent. In the second quarter of 2020, 115,225 new customers joined Plus500. This is also stronger by 339.2 per cent from the 26,234 onboarded in Q2 of 2019.
Clients trade smarter on Plus500
Furthermore, Plus500 achieved a record level of half-yearly Customer Income of approximately $556.9 million. This is up by 218.2 per cent from the $175.0 million Customer Income achieved in the first half of last year.
During the period, Plus500 also saw the period-end position of Customer Trading Performance revert to insignificant historical levels, with revenues from customer trading performance contributing about 1 per cent to the total revenues during the period.
Commenting on his appointment and the trading update David Zruia, Chief Executive Officer of Plus500, said in the statement: "Having been part of the Plus500 team for almost 10 years, I am honoured to be given the opportunity to become CEO of the Company. It has been exciting to lead the business on an interim basis over the last few months and I believe that Plus500 is in an extremely strong position, both operationally and financially, to deliver future growth for our shareholders.
"This position is highlighted by our exceptionally strong performance during the first half of 2020. The significant number of New Customers on-boarded is a strong signal of the sophistication and accessibility of our proprietary technology platform. This performance is also a testament to our people, who have been fully committed to ensuring that we have offered our customers a consistent, seamless, high quality service in extremely challenging, and unprecedented, circumstances.
"Given our performance in the first half, we remain very confident about the prospects for the Company."
Profit & Loss’ Founder Julie Ros Joins New York-Based Firm as CMO
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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