The revenue of the broker jumped by 14 per cent year-over-year but declined by 15.3 per cent from Q1.
According to the broker, activities in the financial markets remained lower at the end of Q2 due to ongoing UEFA EURO 2024.
Inside Plus500 office; Photo: Plus500
Plus500 (LON: PLUS) generated revenue of $182.6 million in the second quarter of 2024, which increased 14 per cent year-over-year. However, the figure dropped by 15.3 per cent when compared to the $215.6 million generated in the first three months of the year.
EBITDA also followed the same trend, improving by 11 per cent to $81.3 million year-over-year and declining by 20.7 per cent quarter-over-quarter. The quarter's EBITDA margin was 45 per cent, 2 percentage points lower than the corresponding quarter of the previous year.
The Impact of EURO 2024
Justifying the numbers, the London-listed brokerage pointed out that financial market activity was dull towards the end of the quarter due to the UEFA EURO 2024 Football Championship, which was expected given previous trends.
Plus500's financial key performance indicators
“During the first six months of 2024, Plus500 delivered excellent financial and operational progress despite difficult market conditions,” said David Zruia, Chief Executive Officer at Plus500.
“Revenue and EBITDA increased meaningfully year-on-year, highlighting the inherent resiliency and strength of the Group's differentiated business model. This underpins our continued focus on our stated strategy of expanding into new markets, developing new products, and deepening relationships with our customers.”
The trading update today (Monday) further revealed that the Israeli broker added 24,810 new customers between April and June, compared to 22,248 new customers in the corresponding quarter of 2023.
Furthermore, the company still boasts a healthy balance sheet with over $1 billion in cash.
A Strong Outlook
As for the outlook, the broker is anticipating its revenue and EBITDA for the ongoing financial year to be in line with the current market expectations, which are $697.8 million and $314.6 million, respectively.
“Plus500 remains well positioned to capitalise on both short-term market conditions and the longer-term growth trends in its end markets,” Zruia added. “In the short term, our increasingly diversified offering and intuitive trading platforms allow customers to access a wide variety of products, services, and features across multiple markets. Over the medium term, we will continue to invest in our strategic roadmap initiatives, which are enabled by our class-leading technology, deep customer engagements, and robust financial position.”
Plus500 (LON: PLUS) generated revenue of $182.6 million in the second quarter of 2024, which increased 14 per cent year-over-year. However, the figure dropped by 15.3 per cent when compared to the $215.6 million generated in the first three months of the year.
EBITDA also followed the same trend, improving by 11 per cent to $81.3 million year-over-year and declining by 20.7 per cent quarter-over-quarter. The quarter's EBITDA margin was 45 per cent, 2 percentage points lower than the corresponding quarter of the previous year.
The Impact of EURO 2024
Justifying the numbers, the London-listed brokerage pointed out that financial market activity was dull towards the end of the quarter due to the UEFA EURO 2024 Football Championship, which was expected given previous trends.
Plus500's financial key performance indicators
“During the first six months of 2024, Plus500 delivered excellent financial and operational progress despite difficult market conditions,” said David Zruia, Chief Executive Officer at Plus500.
“Revenue and EBITDA increased meaningfully year-on-year, highlighting the inherent resiliency and strength of the Group's differentiated business model. This underpins our continued focus on our stated strategy of expanding into new markets, developing new products, and deepening relationships with our customers.”
The trading update today (Monday) further revealed that the Israeli broker added 24,810 new customers between April and June, compared to 22,248 new customers in the corresponding quarter of 2023.
Furthermore, the company still boasts a healthy balance sheet with over $1 billion in cash.
A Strong Outlook
As for the outlook, the broker is anticipating its revenue and EBITDA for the ongoing financial year to be in line with the current market expectations, which are $697.8 million and $314.6 million, respectively.
“Plus500 remains well positioned to capitalise on both short-term market conditions and the longer-term growth trends in its end markets,” Zruia added. “In the short term, our increasingly diversified offering and intuitive trading platforms allow customers to access a wide variety of products, services, and features across multiple markets. Over the medium term, we will continue to invest in our strategic roadmap initiatives, which are enabled by our class-leading technology, deep customer engagements, and robust financial position.”
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
IG Group Weighs Move from London to Wall Street: Report
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
