Capital.com adds 1 million new users in Q2 and invests £2.5 million in UK operations

The broker's UK income increased significantly.

Trading volume by UK dealers increased by 18% in Q2.

Capita.com, which offers a retail trading platform in the UK and abroad, revealed on Tuesday that it attracted more over 1 million new users to its platform in the second quarter of 2022, a 19.44 percent increase over the previous quarter.

With this expansion, the trading platform had 6.4 million accounts at the end of the third quarter. It is unknown, however, how many of them are actually trading.

The quarterly trading volume, on the other hand, was $255 billion for the months of April through June. It was 3% lower than the previous year's first quarter, owing mostly to unfavorable market sentiment.

While the trading platform's European customer base accounted for 31% of total trading volume, demand from UK traders increased 18% quarter over quarter.

“Capital.com has been on a fantastic growth trajectory over the last several years.” Today, our emphasis is on guaranteeing a stronger and more aggressive presence in mature, regulated countries such as the United Kingdom and Western Europe, said Capital.com Group CEO Peter Hetherington, who took over the reins in May.

“This is consistent with our objective of expanding our worldwide presence while adhering to the highest regulatory requirements.”

With rising customer demand in the United Kingdom, the retail trading platform is concentrating its efforts on the country. The company has invested £2.5 million in the UK arm, bringing the total capital to £4.7 million.

Furthermore, the decision came as the broker group's UK unit's sales increased to £15.4 million in 2021 from £2.0 million the previous year. Furthermore, earnings more than quadrupled to roughly £1.9 million.

“The United Kingdom is a strategically significant market for the company, and this investment underlines our ambition to further develop and expand in the United Kingdom,” a spokeswoman for Capital.com told WikiFX.

WikiFX page for Capital.com

Capital.com gets a high ranking on the WikiFX App, indicating that it is a licensed and trustworthy broker in which to invest. Trading forex is a high-risk investment, therefore you should arm yourself with trading knowledge before you go live. Capital.com offers a demo account where you may practice and improve your trading abilities throughout the early stages of your learning process. WikiFX offers over 37,000 listings and has worked closely with 30 financial authorities.

To learn more, see the Capital.com dealer page on WikiFX.

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Capital.com is governed by ASIC, CySEC, the FCA, the NBRB, and the FSA (licenses shown below).

Capital.com Information

Capital.com, launched in 2016, is a worldwide CFD broker owned and run by Capital Com SV Investments Limited. The broker's headquarters are in Cyprus, and it presently welcomes clients from over 183 countries worldwide. It has offices in the United Kingdom, Cyprus, Gibraltar, Australia, and the Seychelles, among other countries. The FCA, FSA, ASIC, and CySec all regulate Capital.com.

The broker provides trading access to over 6,000 assets, including: 23 CFD indices, 477 cryptocurrency CFDs, 39 commodity CFDs, 5,452 share CFDs, and 138 Forex CFDs. With such a diverse portfolio of assets, Capital.com is one of the top brokers in the industry in terms of the instruments available to customers. The Capital.com organization has almost 500,000 registered customers.

One of the most significant benefits of trading with Capital.com is the low minimum deposit of $20 by credit card. Retail customer money is kept in separate accounts by the global CFD broker, but they are not insured. In addition, the broker provides a variety of trading instructions, instructional materials, and access to the most recent news. These services were created to educate and help novice traders.

Pros

• Live updates and price notifications for over 6,000 markets are provided regularly.

• There is no commission and no hidden costs.

• Tight margins

• Orders are processed quickly.

• Non-expiring Free trial account

• Highly regulated and permitted by the FCA, FSA, ASIC, and CySEC, with a $20 minimum card deposit

• Excellent instructional software, online classes, and trade guidance.

• Platform powered by AI technologies

• Live chat and other forms of customer service are available 24 hours a day, seven days a week.

• Tools for risk management and hedging

Cons

• Do not accept customers from the United States

• Overnight charges

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