Plus 500 founders cash out – shares take a tumble…

CFD broker Plus 500 share price continues to fall after the five founders sold 15.5m shares, around £100m.

It’s not surprising really, PLUS 500 shares tanked from highs just shy of 800 when they were reprimanded by the FCA for failing to conduct proper due dilligence checks on new customers.  Since then the share price has steadily risen from under 400 back up to 800 again.

Anyone with even the most basic knowledge of charting will see is close to a resistance line.  Or, the point at which they will probably go down. Or to put it another way, when the founders were allowed to sell after a lock in period from when playtech came in and took them over.

Plus 500’s chief executive, Elad Even-Chen, said the London-listed firm expected the drop in share price as it reflects the sale price of 650p rather than yesterday’s closing price of 750p.

Plus 500 are not a spread betting broker (despite what a lot of other news reports say), they specialise mainly in CFD Forex trading and main market stocks.  Unlike most other UK brokers they don’t offer MT4, opting instead to just offer their own basis online, mobile and downloadable trading platform.

Compare Vetted Investing, Trading & Currency Accounts

Investing AccountsTrading PlatformsCurrency Transfers
Compare Investment Accounts

Compare Investment Accounts

Compare Trading Platforms

Compare Trading Platforms

Compare Currency Brokers

Compare Currency Brokers

Would You Like More Information On Featured Trading Platforms?

Visit IG

IG Reviews

Visit CMC

CMC Reviews

Visit Pepperstone

Pepperstone Reviews
Can't find what you are looking for? Visit our online trading provider comparison page.

Trading Risk Warning

ALL INVESTING INVOLVES RISK. Investing, Derivatives, Spread betting and CFD trading carry a high level of risk to your capital and can result in losses that exceed your initial deposit. They may not be suitable for everyone, so please ensure that you fully understand the risks involved.
ESMA & FCA Risk Warning – “CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 68-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Capital at risk”