- Plus500 exceeds Q4 2023 performance in key metrics during Q1 2024.
- Company’s strategic focus on market expansion, product development, and customer engagement drives success.
Retail FX and CFD broker Plus500 Ltd has issued a positive statement ahead of its Annual General Meeting (AGM). The company reports delivering on strategic and operational goals throughout 2023, with the momentum continuing into the first quarter of 2024.
This progress is reflected in key metrics exceeding those of Q4 2023, as outlined in the Group’s Q1 2024 Trading Update.
Plus500 cites its robust marketing, proprietary technology, and user-friendly platforms as core drivers of its success.
The Group’s roadmap prioritizes entering new markets, expanding product offerings, and strengthening customer relationships. The Board expresses confidence in Plus500’s outlook for 2024 and future growth, underpinned by recent progress and its ongoing strategy.
In Q1 2024, Plus500 saw revenue and EBITDA rise year-on-year to $215.6m and $102.6m, respectively. The Group also welcomed 31,949 new customers, a 13% increase from the same period last year.
