plus500
Plus500 Granted CySEC License to Provide Financial Services in Cyprus
- Following an exclusive report on the broker opening office on Cyprus in August, Plus500 has been officially approved by the CySEC watchdog as an investment firm, following the assistance of consultant Map S.Platis.
Tuesday, 14/10/2014 | 09:22 GMT by
Adil Siddiqui
IPO Is the Forex Industry's Holy Grail. Do You Have What It Takes?
- With almost every major player either considering an IPO or having embarked on its path, Forex Magnates’ London Summit hosts key professionals to share everything you need to know about going public.
Monday, 29/09/2014 | 13:18 GMT by
Avi Mizrahi
Shares of Plus500 Ltd Close Down 8% after 'The Times' Report Alleges an FCA Review
- According to the report, the review comes after competitors of the Israeli company raised the issue with the FCA, while the firm stated to the newspaper that it is fully compliant with existing regulatory framework.
Monday, 22/09/2014 | 21:07 GMT by
Victor Golovtchenko
Equity Investors Betting on Volatility Continuing as FXCM and GAIN Capital Shares Rallying
- Nothing like a little some volatility to raise the spirits of everyone in the forex industry. Investors have also jumped on the volatility bandwagon, having pushed up prices for FXCM and GAIN Capital.
Tuesday, 16/09/2014 | 13:51 GMT by
Ron Finberg
Plus500 Receives Favorable Shareholder Withholding Tax Ruling from Israel Tax Authority
- Providing an easier solution for non-Israeli citizens to be subject to reduced withholding tax rates, Plus500 has announced a tax ruling it has received from the ITA to benefit the broker's shareholders.
Tuesday, 16/09/2014 | 07:11 GMT by
Ron Finberg
Exclusive: Explaining Plus500’s Rising Acquisition Costs and New Tax Rulings
- Forex Magnates speaks with Elad Even-Chen of Plus500 to discuss his company's recently released H1 financials that showed both top and bottom line increases, but also Q2 acquisition costs rising.
Monday, 25/08/2014 | 06:00 GMT by
Ron Finberg
Plus500 Announces Interim Results: Q2 2014 Revenues down 25%, H1 Still Plus 138% YoY
- Plus500 revenues have shed 25% in the second quarter of 2014 coming out at $45.5 million, as the firm has reported that profits have totaled $53.8 million, which is higher by 249% when compared to last year.
Wednesday, 13/08/2014 | 06:40 GMT by
Victor Golovtchenko
Quebec's AMF Issues Warning against Unauthorized Activity of 24 Companies in Canada
- Canada’s Autorité des marchés financiers (AMF) has issued a warning to Quebec investors about the use of forex and binary options platforms, specifically citing 24 companies that are presently unauthorized in Canada.
Tuesday, 12/08/2014 | 17:17 GMT by
Jeff Patterson
Breaking: Plus500 Aims towards Cyprus, Takes First Recruiting Steps
- Forex magnates has learned that the FCA regulated broker has commenced conducting interviews in Cyprus. The company has declined to confirm the report, stating that no hiring has yet occurred in the FX hub.
Monday, 11/08/2014 | 16:31 GMT by
Avi Mizrahi
Chris Gibson-Smith to Step down as Chairman of London Stock Exchange Group
- The London Stock Exchange Group (LSE), the world’s fourth-largest exchange by market capitalization, has announced that longtime Chairman Chris Gibson-Smith will step down at the end of December 2015.
Wednesday, 16/07/2014 | 21:36 GMT by
Jeff Patterson
Plus500 Shares Keep Falling on Overall Broker Weakness, Odey Asset Management a Buyer
- Shares of FCA regulated online forex and CFD broker, Plus500 (PLUS.L) continued to fall today following yesterday’s plunge. At a low of 345, shares fell 5% today, and have fallen over 100p since Friday’s high.
Tuesday, 15/07/2014 | 10:40 GMT by
Ron Finberg
Plus500 Q2 Trading Update, “Profits and Revenue above Expectations”
- Plus500 has issued its Trading Update for the financial quarter, ending June 30th. According to the firm, both revenue and profits are expected to beat expectations, even as market activity has been subdued.
Tuesday, 01/07/2014 | 06:44 GMT by
Ron Finberg
Is an Infamous UK Short Seller behind Plus500 Stock Drop, Calling It “a Scam”?
- Forex Magnates discovered that British stock commentator Simon Cawkwell, known as "Prophet of the Plunge", sent an alarming message to his tipping service subscribers just before Tuesday's 13% decline.
Thursday, 26/06/2014 | 13:00 GMT by
Avi Mizrahi
Plus500 and GAIN Capital Shed Market Cap in Wild Trading on Tuesday
- Shares of publicly traded UK based brokerage Plus500 have experienced a wild ride in Tuesday trading, with the company's market capitalisation shrinking by more than $150 million while GAIN Capital shrank by $30 million.
Wednesday, 25/06/2014 | 08:14 GMT by
Victor Golovtchenko
Are Bitcoins the New Chinese Yuan for Forex Brokers?
- Are Bitcoins the New Chinese Yuan for Forex Brokers? While a broker may have no interest in whether bitcoins have a real value or not, price charts with multi-percentage daily swings are attention grabbers, .
Tuesday, 20/05/2014 | 15:59 GMT by
Ron Finberg
OANDA Officially Opens Its Australian Office, Targets Doubling of Market Share in 2014
- OANDA has ambitiously set on a course to expand in the vastly populated Australian forex market, by launching officially its physical office, headed by Managing Director Louis Cooper coming from CMC Markets.
Wednesday, 14/05/2014 | 06:33 GMT by
Victor Golovtchenko
Free Bitcoins for FXOpen Cryptocurrency Trading Accounts
Monday, 12/05/2014 | 18:19 GMT by
Jeff Patterson
Exclusive: IPO Trend Intensifies, Binary Broker anyoption is on Track to Become a Public Firm
- Following the success of FX firms going public and listing their shares on stock exchanges, Forex Magnates has learned that more brokers including Anyoption, are planning IPOs amid the recent industry trend.
Thursday, 24/04/2014 | 13:51 GMT by
Avi Mizrahi
JPMorgan's Plus500 Ownership Above and Back Below the 10% Threshold Explained
- Plus500's share price has dropped by about 12% after a rally triggered by the Q1 trading update earlier this month. Some shareholders operating through JPMorgan's brokerage seem to be taking profits.
Thursday, 17/04/2014 | 08:44 GMT by
Victor Golovtchenko
JPMorgan Chase & Co Brings Stake in FX Broker Plus500 to 6.81%, Buys Over 3.1M Shares
- Regulatory filings by Plus500 reveal the total number of its shares held by JPMorgan Chase & Co has been increased to 7,824,770 from 4,460,412 purchased in March, valued at nearly £55M using yesterday's close.
Friday, 11/04/2014 | 10:05 GMT by
Steven Hatzakis
Plus500 Issues Q1 Trading Update, New Record Quarterly Revenues at $60.7 million
- The company behind one of the most rapidly progressing CFD and spread betting providers has released key metrics for Q1 of 2014 with average revenue per user increasing by 16% over the last quarter of 2013.
Wednesday, 02/04/2014 | 06:39 GMT by
Victor Golovtchenko
Plus500 Unveils Mobile Trading Accounted for 50% of Revenues in 2013
- Publicly listed Plus500 Ltd has revealed details on their impressive performance last year, as the company unveiled the final version of their 2013 Annual Report. The main takeaway? Traders going mobile!
Monday, 17/03/2014 | 16:37 GMT by
Victor Golovtchenko
JP Morgan Reports Purchase of Plus500 Shares
- As insiders have been cashing out, different arms of JP Morgan have been acquiring Plus500 shares holdings following the company’s impressive Q4 metrics. Will Plus500 be able to maintain positive momentum?
Thursday, 13/03/2014 | 12:46 GMT by
Victor Golovtchenko
17.4% of Plus500 Shares up for Sale as Founders Propose Secondary Offering
- With shares of CFD broker Plus500 at an all-time high, the company has announced a proposed secondary offering by founders. Up for sale will be 20 million shares are 500p, for a total of £100 million.
Thursday, 27/02/2014 | 08:11 GMT by
Ron Finberg
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