Shares of publicly traded online brokers drop 10% after Trump Tariffs cause market mayhem
Thursday April 3 and Friday April 4 will end up being two of the most profitable days of the year for many CFDs brokers.
Thursday April 3 and Friday April 4 will end up being two of the most profitable days of the year for many CFDs brokers.
The first half of 2024 saw prop firm chaos, broker share price rises, neobroker failures and CEO changes in the FX and CFDs industry.
A good barometer of what’s going on overall in the global FX and CFDs brokerage sector is taking a look at the publicly traded brokers.
At the current share price, CMC Markets has a market capitalization of just over £300 million (USD $379 million).
It was (overall) a good market for FX/CFD brokers in 1H-2023, but with some brokers clearly doing better than others.
At its current share price of £15.68, Plus500 is trading at multiples of 2023e consensus results of 3.0x Revenue and 8.1x Profit.
European exchanges are off by between 2-3% on Monday, playing some catch-up to the Friday declines in the US.
It was very much a haves versus the have-nots Retail FX/CFDs industry in 2022.
Investors and traders seem to be selling last year’s “did well” stocks, without much regard to current performance and outlook.
While equity markets globally are taking a hit today, a number of Retail FX firms have reacted especially harshly.