Plus500 Reports Record Quarterly Revenues, Shares Spike 13%

[kreslik.news]

Plus500 has posted record revenues in the final quarter of 2017. The company’s performance is driven by trading in cryptocurrency CFDs. Despite the limitations in leverage in the EU to 1:5, the firm has experienced extraordinary activity in this area.

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A total of 246,000 new clients were onboarded by Plus500 during 2017. The brokerage shared in a trading update that it expects that full-year profits and revenues will come in ahead of expectations. Shares of the company were trading higher by 13 percent at the start of London trading.