Plus500 Upgrades Profit Forecast Amid Surge in New Customers

Online trading platform Plus500 reports strong first-half results, boosts shareholder returns, and expands market presence.

Plus500 added 56,759 new retail customers in the first half of 2024, an increase from the previous year.
The company raised its profit forecast and announced a $110 million share buyback and $75.5 million in dividends.
First-half revenue rose 8% to $398.2 million, with a 6% increase in core profit to $183.9 million.
Shares in Plus500 have risen over 50% since the start of the year, reaching record highs.
The firm continues to expand its geographic footprint and develop new products for diverse markets.