Plus 500 has revealed weaker revenues over the past three months after trading was hit by less volatile financial markets.

The trading platform said profits were nevertheless stronger and maintained its targets for the financial year. 

Revenues at the group fell by 2 per cent to $182.7million (£136.1million) for the quarter to September 30, compared with a year earlier.

Quarterly earnings were stronger, rising to $82.7million (£61.6million) from $82.2million (£61.2million) a year earlier as margins improved.

The company said this was driven by ‘lower levels of volatility across global financial markets during the period’, as equities improved amid reduced concerns over tariff uncertainty.

It also reported that new customer numbers fell by 9 per cent, with total active customers dropping by 5 per cent to 115,327 for the quarter.

Sales hit: Trading platform Plus500 saw revenues fall by 2% to $182.7m over the past three months after trading was hit by less volatile financial markets

Sales hit: Trading platform Plus500 saw revenues fall by 2% to $182.7m over the past three months after trading was hit by less volatile financial markets

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Sales slump at Plus500 as trading is hit by less volatile financial markets