Israel based online broker Plus500 Ltd (LON:PLUS) took the unusual step of issuing a Trading Update in the middle of the trading day, after its shares fell by 14% in early Friday trading.

Plus500’s share price drop seems to have been caused by the Trading Update issued early this morning by rival broker IG Group (LON:IGG), which disappointed investors and sent IG shares plummeting by more than 20%. IG’s announcement seems to have affected the whole sector, with CMC Markets (LON:CMCX) down as of the time of writing by 9%, and Poland listed XTB SA (WSE:XTB) off by more than 5%.

We’ll repeat the full Plus500 statement below, but essentially the company confirmed that it had nothing bad to report, and that its results remain in line with previously communicated expectations.

Plus500 shares have recovered somewhat since its statement was released, but are still trading down by 6% on the day. We’d remind FNG readers that Plus500 shares dropped by 15% in mid July following its own most recent (Q2) Trading Update, which saw a 9% revenue drop in Q2 ($220 million) from Q1 levels ($243 million), which seems to have worried investors at the time.

Plus500 shares, at GBP 32.36, are now 42% below their 52 week high of GBP 55.35, set in early July.

Plus500 one-year share price graph. Source: Google Finance.

The full Plus500 statement reads as follows.

Plus500 Ltd.

Q3 2026 Update

Plus500, a global multi-asset fintech group operating proprietary technology-based trading platforms, today issues a statement relating to Q3 2026 trading and the nine-month period ended 30 September 2026.

The Group continued to perform strongly during the quarter, building on the record financial results and strategic progress delivered in H1 2026.

Plus500 confirms that it continues to trade in-line with current market expectations for FY 2026 and maintains a strong cash position, as previously communicated on 10 August 2026.

The Group’s proprietary risk management framework has been through various market cycles over the years and has demonstrated an established and robust track record over time.

The Group will publish its full Q3 2026 Trading Update later this month as planned.