On the face of it, the annual results from Plus500 yesterday make for grim reading. Revenues at the financial betting business more than halved from $720.4 million in 2018 to $354.5 million last year. Pre-tax profit also slumped by 62.4 per cent to $189.3 million. However, while the falls look steep, they were no worse than the market had been expecting and the shares inched up ¼p, or 0.02 per cent to 911p.
It is well known that contracts-for-difference (CFD) providers like Plus500 have faced a tough time.
These contracts are derivatives that allow punters to make wagers on the direction of financial markets and use leverage to increase the size of their position. Through providers like Plus500, traders can place bets on everything from
