Plus500 Hits All Time Record for New Clients on Friday: 1600

Online forex and CFDs brokerage Plus500 Ltd (LON:PLUS) has announced that the company on-boarded 1,600 new clients last Friday which is a new record for the firm. Just as Finance Magnates outlined in the aftermath of the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term vote, the immediate impact for the industry could be very positive with risk appetite for retail clients coming back to the table.

That said, long-term implications will be more complex and to a certain extent unpredictable, due to the challenges emanating from the negotiations of the actual exit of the U.K. from the European Union.

Plus500 Ltd (LON:PLUS) has further outlined that the company has not been affected in any material way from the massive volatility around the Brexit event and expects its diverse international client base to mitigate the risks related to its exposure to the United Kingdom, where 15 per cent of the company's clients are located.

The company has also highlighted another couple of records that were broken - most signups on record and the highest spreads. The lack of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term in the immediate hours after the Brexit vote have prompted spreads on GBP pairs rising to more than half a cent at many brokerages.

In its statement filed with the London Stock Exchange, the firm elaborated: "The Company's proprietary risk management system ensures that overall exposures to a single instrument are unlikely to have a material impact on the Company's financial position. No credit exposure was incurred due to the fact that Plus500's customers cannot lose more than they deposit."