Plus500 hits the client jackpot from Brexit

Plus500 hits the client jackpot from Brexit

From smnweekly.com

It appears that the forex brokers’ prudence and pre-EU referendum measures have paid off and neither they, nor their clients have been severely affected by the extreme market volatility and the British pound’s plunge on Friday. Plus500 (LON:PLUS), a UK-based forex and CFD brokerage, for example, announced it has set a number of significant records on Friday, namely most signups (17 000) and most new customers (1600) in a single day. Furthermore, the broker said, the market dislocation and extreme volatility has not adversely affected the Group’s financial position. On the contrary, it saw record spread revenue. ... (full story)

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Comment #1
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Jun 28, 2016 5:29am Jun 28, 2016 5:29am

Guest
| IP XXX.XX.243.120

I thought smnweekly.com was going to say Plus500 client(s) won by betting on GBP...

But this is just more accounts opened (hope they did ok on Brexit)...

Comment #2
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Jun 28, 2016 5:33am Jun 28, 2016 5:33am

timos
| Joined Sep 2012 | Status: Member | 308 Comments

Why not....

they pay their affiliates $800 per signup.

With that money,everyone will turn shit into gold just to get you signup

Comment #3
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Jun 28, 2016 5:38am Jun 28, 2016 5:38am

GubyIQ
| Joined Jan 2008 | Status: Member | 35 Comments

the punter slaughterhouse working overtime...

The worst thing I can be is the same as everybody else. I hate that.

Comment #4
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Jun 28, 2016 6:17am Jun 28, 2016 6:17am

Ojiego
| Joined Jan 2015 | Status: Critical Source | 1016 Comments

I need more info. Are they Cyprus registered or London registered? Afaik, only their limited Co. is registered in London.

Hmmm.... so many gullible sheeple out there

Comment #5
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Jun 28, 2016 6:38am Jun 28, 2016 6:38am

anton.olff
| Joined Jan 2009 | Status: Ex-pat New Yorker. | 138 Comments

Their spreads are wider than Kim Kardashian's ass.

"The market can remain irrational longer than you can remain solvent"

Comment #6
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Jun 28, 2016 1:53pm Jun 28, 2016 1:53pm

Mingary
Joined Mar 2011 | Status: I should be on your ignore list | 2344 Comments

herd behavior never cease to amaze

Comment #7
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Jun 28, 2016 7:55pm Jun 28, 2016 7:55pm

DonFF
| Commercial Member | Joined Nov 2014 | 1964 Comments

There are more 2 legged sheep on the planet than there are 4 legged ones

....Its just the nature of humans

Comment #8
Quote
Sep 3, 2016 1:52pm Sep 3, 2016 1:52pm

pcmaster
| Joined Sep 2016 | Status: Aroused | 4 Comments

Quoting anton.olff

Disliked

Their spreads are wider than Kim Kardashian's ass.

Ignored

Agree with wide spreeds. But what you think about reability and windrawals? I somwhere read that many FX brokers have like 88% windrawals - like you can take out only 88% of your money. Dont remember where I see it but it was when I searched for top forex brokers and seen a chart with them.

Doubt kills more dreams than failure ever will.

Story Stats

Posted: Jun 28, 2016 5:18am
Submitted by:
Newsstand

Category: Forex Industry News

Comments: 8 / Views: 5,824