PLUS500 LTD.
PLUS.LSE | Security and commodity contracts brokerage
Plus500 Ltd. is a global financial technology firm that operates an online trading platform. The company provides access to a wide range of markets, including contracts for difference (CFDs) on shares, indices, commodities, forex, options, and ETFs. Plus500's platform allows retail customers to trad...Show More
Better Health for All
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The company's core products, Contracts for Difference (CFDs), are high-risk financial instruments that carry significant potential for negative mental health impacts due to financial loss and addiction. As 100% of the company's revenue is derived from these products, and there are no health-positive offerings, its net health effect and harmful revenue share are strongly negative. However, the company implements substantial mitigation efforts, including prominent risk warnings
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, negative balance protection
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, free sophisticated risk management tools like stop losses
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, and educational resources to inform customers of inherent risks
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. These efforts contribute to industry-leading transparency regarding financial risks
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, indirectly supporting mental wellness. The company also demonstrates substantial addiction mitigation by not offering binary options
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and providing comprehensive risk management and educational tools
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. For its employees, Plus500 offers comprehensive mental health and well-being programs, including yoga classes
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, a private gym
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, and support for a balanced work environment
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. During the COVID-19 pandemic, the company showed comprehensive crisis response capabilities, providing employees with flexible working
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, test kits
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, and childcare support
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, and making significant contributions through donations of medical equipment to hospitals
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, food packages
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, and laptops for distance learning
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. The company's business model does not involve health-related products or services, and there is no specific data on user harm from the product.
Fair Money & Economic Opportunity
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Plus500 operates an online trading platform for Contracts for Difference (CFDs), not traditional consumer credit products, loans, or physical financial service access points. Consequently, several KPIs are not applicable to its business model. This includes pricing fairness, exploitative fee exposure, inclusion initiatives (which focus on loan/insurance books), customer wealth building outcomes, customer debt burden ratio, and geographic inclusion. The company is not regulated as a lender for fair lending practices; while it has faced regulatory actions, such as a £205,128 fine from the Financial Services Authority in 2011 for transaction reporting failures
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and FCA ID documentation infractions in 2023,
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these are not for discriminatory or unfair lending. The company's profit allocation primarily focuses on shareholder returns and technology investments, aligning with standard profit retention policies rather than specific community finance reinvestment. Plus500 provides an educational portal and materials,
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and has expanded its global presence to over 60 countries with localized offerings,
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but specific data on the reach or outcomes of financial literacy initiatives, customer data portability, underserved client share, or product simplicity measured against readability standards is not available.
Fair Pay & Worker Respect
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Plus500 reported zero incidents of modern slavery or human rights abuses across its operations for FY 2024 and the prior two fiscal years (FY2022, FY2023).
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The company also published its 2024 Modern Slavery Statement, covering the period from January 1, 2023, to December 31, 2023, outlining steps to address modern slavery risks.
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Fair Trade & Ethical Sourcing
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Plus500 is a financial technology firm operating an online trading platform and does not procure or trade physical commodities. Therefore, the KPIs related to fair trade certifications, supplier audits, forced or child labour incidents, supply chain traceability, remediation processes, ethical clauses in supplier contracts, and high-risk material sourcing are not applicable to its business model. The company has implemented client fund protection measures
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, launched an ESG trading suite for clients
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, and demonstrated social responsibility through various community initiatives
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. However, the provided articles explicitly state that these actions do not address fair trade and ethical sourcing in a material supply chain context.
Honest & Fair Business
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A class action lawsuit was initiated in Australia in September 2023, alleging Plus500 engaged in misleading and unconscionable conduct by offering high-risk CFDs, resulting in client losses between November 2017 and March 2021, and failing to adequately inform clients of risks.
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In February 2019, reports indicated the company may have misled shareholders regarding its 2017 financial performance, with a $103 million loss from client trading activity not disclosed in the annual report.
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Plus500 also reached a €550,000 settlement with the FSMA in April 2017 concerning the public offering of high-risk investment instruments in Belgium, though Plus500 stated this was not an admission of guilt.
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The company operates under the oversight of multiple regulatory bodies, including the UK's FCA, CySEC, and ASIC.
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It adheres to client money protection rules by holding client funds in segregated accounts and offers negative balance protection.
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Plus500 complies with the UK Corporate Governance Code and Israel’s Companies Law, and has established procedures for disclosing and reviewing conflicts of interest among directors.
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The company has also issued a Human Rights and Modern Slavery Statement.
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In Q3 2024, Plus500 reported revenue growth, attributing it to heightened client activity and a focus on attracting a more sophisticated customer base with stringent regulatory compliance.
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Kind to Animals
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Plus500 Ltd is a fintech company that provides a trading platform for financial instruments.
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Its business model does not directly involve animals or animal products.
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Therefore, the company does not have direct animal-related products, testing activities, operations, or supply chains that would be assessed by these KPIs. Its operations are largely unrelated to animal welfare concerns.
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No War, No Weapons
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Plus500 Ltd operates as an online financial trading platform, and its business model inherently avoids direct financial ties to arms production or military contracts.
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There is no evidence of direct or indirect involvement in arms manufacturing, military contracts, or conflict facilitation.
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Consequently, the company has no defense or arms-related activities in its core business, no defense business to oversee, no defense assets to divest, is not subject to the Arms Trade Treaty, has no exposure to any weapons, no need for weapons red lines, and no mineral inputs in its products or services.
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However, the company has no known associations with peace-building initiatives or conflict resolution programs.
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Planet-Friendly Business
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The company, a financial technology firm, reported 0 tCO2e for Scope 1 and 306.7 tCO2e for Scope 2 in FY 2024.
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It does not measure Scope 3 emissions.
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The company has not established specific commitments with the Science Based Targets initiative (SBTi).
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It received no environmental fines or penalties in FY 2024, nor in the prior two fiscal years.
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The company has a net-zero target for Scope 1 and Scope 2 emissions by 2030.
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It states it is aligned with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, with climate-related risk management integrated into its overall Risk Management Framework.
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It has used scenario analysis, selecting three climate-related scenarios looking forward to 2040: Net Zero 2050 (NZE), Stated Policies (STEPS), and RCP 8.5.
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Respect for Cultures & Communities
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The provided article details Plus500's enhanced Corporate Social Responsibility activities in 2020, including supporting local charities and hospitals by donating medical equipment and supplies, and providing IT equipment to disadvantaged families for remote learning
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. However, the article does not provide specific quantitative data points, percentages, or details on formal partnerships with indigenous or local community groups, cultural impact assessments, or specific cultural preservation initiatives required by the rubric's KPIs for 'Respect for Cultures & Communities'. It explicitly states that specific initiatives related to indigenous rights and cultural heritage are not documented
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.
Safe & Smart Tech
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Plus500 Ltd. operates under the regulation of several top-tier authorities, including FCA, CySEC, ASIC, and MAS
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, and complies with GDPR
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. The company utilizes SSL encryption and multi-factor authentication to protect user data and accounts
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. It offers data subject access rights under GDPR, including access, erasure, rectification, restriction of processing, and data portability
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, which clients can exercise by contacting customer support
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.
Zero Waste & Sustainable Products
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Plus500 has implemented several waste reduction initiatives, including the renewal and recycling of IT equipment (laptops, keyboards, batteries) in some offices
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, shifting from data centers to the cloud
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, providing bicycle storage facilities in some offices
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, and adopting a hybrid working model to minimize workspace and reduce employee travel
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. The company also regularly upgrades hardware and software in its data centers to improve efficiency
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. Plus500 has maintained a clean record regarding waste disposal, receiving no environmental fines or penalties in FY 2024 or the prior two fiscal years
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. Additionally, the company's Environmental Policy, which includes a commitment to reduce waste
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, is actively shared with and applies to all its suppliers
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, stressing the importance of managing their environmental impact
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.