The extreme rise in crypto currencies at the end of last year led to massive revenues for companies that enable customers to trade Bitcoin and Co. Among the winners is the online trading platform Plus500*, which claims that the crypto currency boom has subsided and the market has become more “normal” again, the Financial Times reported.
Note: 80.6% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. CFD products are the only trading opportunities offered by Plus500.
Plus500 for the Bitcoin trader
The Bitcoin trader platform enables clients to trade a wide range of cryptobased Contract for Difference (CFD) products that track the price of an underlying asset – often accompanied by high fees according to onlinebetrug.
Plus500 generated revenue growth of 284 percent compared to the first quarter of last year. Revenues amounted to $297.3 million. By comparison, this was the best quarter in the company’s history. The first quarter of 2018 doubled the best quarter in the company’s history. Plus500 has also tripled the number of active users and raised their forecasts for the coming year. The platform describes the current crypto currency market as follows:
“SINCE THEN, MARKET CONDITIONS HAVE RETURNED TO NORMAL IN THE LAST TWO MONTHS. THEREFORE, WE DO NOT EXPECT THIS EXCEPTIONAL PERFORMANCE TO BE REPEATED OVER THE REST OF THE YEAR”.
CFDs and regulation tested by onlinebetrug
Plus500 has tried to dispel fears that it could damage the marketing of CFDs through restrictions imposed by tax authorities as well as through advertising boycotts by companies such as Facebook and Google. The new regulatory changes – due to come into force within a few weeks – were presented by onlinebetrug earlier this year. The regulator banned retail investors from trading binary options and imposed restrictions on CFDs to protect investors. More info on: https://www.onlinebetrug.net/en/
The problem is that global financial supervisors see CFDs as risky products. CFDs allow investors to speculate about the rise or fall in the price. They are usually offered with leverage, which means that the investor only needs to invest part of the total value. In this context, the platform has begun to examine whether it can reclassify its more experienced clients as professional investors in order to mitigate some of the impact of the new regulation.
“WITH A FLEXIBLE BUSINESS MODEL AND A LEAN COST STRUCTURE, WE CAN OPTIMIZE OUR PERFORMANCE DESPITE THE RECENTLY ANNOUNCED REGULATORY CHANGES,” SAID ASAF ELIMELECH, CEO OF PLUS500. “THE INDUSTRY-LEADING ENVIRONMENT GIVES US CONFIDENCE FOR THE FUTURE.”
80.6% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. The investment opportunities on Plus500 are CFD products.