Plus500 has pledged to return $200million to investors after enjoying higher turnover last year. The fintech trading platform plans to pay dividends of $90million (£71.3million) and buy back $110million (£87.2million) of its shares. It will take the company's total shareholder returns since going public on the London Stock Exchange in 2013 to $2.5billion. Plus500 said the payout reflects its 'robust financial position, high profit margin and cash generative business model'.
Its revenue rose by 6 per cent to $768.3million (£609million) in 2024, primarily due to its trading income growing by the same percentage to $711.6million, while its earnings before nasties marginally tipped up to $342.3million. The firm revealed its non-OTC segment contributed approximately 10 per cent of overall sales and 15 per cent of total new customers. Celebration: Trading platform Plus500 has pledged to return $200million to investors after enjoying higher turnover last year.
Active customers increased overall by 9 per cent to 254,138, with the number of new clients jumping by 30 per cent to 118,010 thanks to record growth at its US division. The London-based firm said its focus on attracting more higher-value traders helped boost the average deposit per active customer by around $1,700 to a record $12,000 and total deposits by about a quarter to $3billion. David Zruia, chief executive of Plus500, said: 'Our strong performance was driven by our market-leading proprietary technology, our international brand recognition, and our robust operating fundamentals.
'With our proprietary technology, financial strength, extensive global portfolio of regulatory licences and customer base of over 30 million registered customers worldwide, Plus500 is extremely well-positioned for 2025 and beyond.'. Plus500 shares were one of the FTSE 250 Index's biggest fallers on Tuesday morning after declining by 4.8 per cent to £27.26. Founded in Israel, Plus500 specialises in selling contracts for difference (CFD), which enables traders to bet on the price of an asset, such as a stock, option, or commodity, without owning the underlying instrument in question.
The company enjoyed significant growth during the peak of Covid-related curbs as retail investors sought to benefit from elevated market volatility. Over the long term, it is looking to expand by entering new markets and launching more products and services for customers. Since January, it has gained a clearing membership with the US clearing house of the Intercontinental Exchange, one of the world's largest operators of exchanges and clearing houses for listed derivatives.
Plus500 has also secured a licence from the Securities and Commodities Authority in the United Arab Emirates that will allow it to offer over-the-counter derivatives, share dealing, futures and options on futures products. Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.
