Plus500 Issues Trading Update on Performance in H1 2021

Plus500, a retail Forex and CFDs broker, has provided a trading update on its H1 of 2021 performances.

According to the update, the revenue of Plus500 for the first six months of 2021 stood at $346.2 million, which is down down from H1 of 2020's $564.2 million. Additionally, the broker revealed that it had generated $379.2 million from customer income in the period, which remained $556.9 million and $175 million in H1 of 2020 and 2019, respectively.

Moreover, Plus500 continued to bring new retail traders on its platform. 47,574 new traders joined the brokerage in Q2 of 2021, bring the total number of new clients in H1 to 136,980.

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David Zruia, CEO at Plus500, said in a statement: "Plus500's excellent performance so far in 2021 was driven by the strength and agility of our technology and its ability to respond rapidly to market developments, news events and customer requirements."

Fazzaco reported that Plus500 has announced several key appointments in recent months. Additionally, the company has conditionally agreed to acquire all of the membership interests​ of Cunningham Commodities LLC. (Cunningham), a regulated Futures Commission Merchant, and Cunningham Trading Systems LLC. (CTS), a technology trading platform provider, operating in the futures and options on futures market in the US.