Plus500 has been added to the STOXX 600 index of significant listed European companies, representing what the trading platform called a “milestone” in its growth.
In an email to clients, the CFD trading platform said: “This milestone signifies the growing impact and the trust we’ve earned within the financial world.”
The STOXX 600 index covers around 90% of investable listed companies in 17 European countries.
The countries that make up the index, as of 23/01/2025, are the UK (23.9%) France (16.9%) Switzerland (14.3%) and Germany (13.6%).
The biggest sectors of the index are Health Care (15%), Industrial Goods and Services (14.4%) and Banks (10.2%).
To qualify for the StOXX 600 index, a company must be among the 600 largest publicly traded companies in Europe based on market capitalisation.
It also must meet a sufficient daily trading volume and be listed on a regulated European exchange.
Plus500, which was initially founded in Israel, has been listed on the London Stock Exchange (LSE) since 2013, initially on its small-cap AIM market before joining the main market in 2018.
It currently has a significant market capitalisation of more than £2 billion, ahead of AJ Bell which is one of the UK’s largest investment platforms and listed in 2018. The latter has a market cap of £1.96 billion.
It is still a long way from catching up with IG Group, one of the UK’s biggest homegrown trading firms, however. That business has a market cap of 3.56 billion
In celebration it had been added to the exchange, Plus500 invited customers to trade the index.
The Good Money Guide’s latest review found Plus500 to be “a good online trading platform for traders who do not want to do anything more complicated than buy and sell CFDs.
“The broker does provide sentiment indicators and is quite transparent with costs and fees.”
What does this mean for Plus500 clients?
When a financial services business is publicly listed and has a significant market capitalisation this is usually a good sign for users.
That is because listing usually imposes tighter regulatory and reporting requirements on firms, which should ideally make them more transparent and accountable.
Those with larger market capitalisations can also attract more investment and scrutiny from market participants.
Other listed trading and investment platforms which are part of the STOXX 600 include major platforms such as Hargreaves Lansdown and IG Group.
Robin has more than six years of experience as a financial journalist, most of which were spent at Citywire, and covers the latest developments in the investing, trading and currency transfer space. Outside of work, he enjoys reading literature and philosophy and playing the piano.
You can contact Robin at robin@goodmoneyguide.com
