Forex Broker Capital.Com's First-Quarter Trading Volume Increased by 229% YoY
abstrak：Forex Broker Capital.com, a multi-asset brokerage based in London, has disclosed some of its important performance statistics for the first quarter of 2022, which ended on March 31, 2022. The broker handled $270 billion in total trading activity during the quarter, which is 36% greater than the previous quarter.
Last quarter, it gained more than a million trading accounts.
Volatility in the market has sparked a rush among individual investors.
Forex Broker Capital.com, a multi-asset brokerage located in London, has released some of its key performance data for the first quarter of 2022, which concluded on March 31, 2022. The broker handled $270 billion in total trading activity during the quarter, which is 36% more than the previous quarter.
Year on year, quarterly trade volume increased by more than 229 percent. A report from Finance Magnates says that the broker had $565 billion in trading volume at the end of 2021, almost half of which was made in the first quarter of 2022.
“There's nothing like volatility in finance. ”Volatility refers to the degree of fluctuation that draws traders to the markets, and we got a bucket load of it in the first quarter, said David Jones, Capital.com's Chief Market Strategist.
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A significant rise in the number of traders on the platform helped the tremendous growth in trading activity. It gained over 1 million new trading accounts in the first quarter of 2021, a 27 percent increase.
As a result, the trading site currently has over 5 million users. It has about 78,000 active monthly accounts and 345,000 active traders.
Furthermore, despite the higher market dangers, the broker disclosed that trading activity on its platform had surged by 43% in the previous three months.
“Gold and oil were very active markets when Russia invaded Ukraine-at its peak, oil was up 70% for the year so far, and we weren't even three months in,” Jones continued.
As the quarter drew to a close, it seemed that stock market investors were coping with the uncertainty better, and we saw at least some of the early 2022 losses clawed back.“ It remains to be seen if they continue to purchase the drop in the next quarter, but from a geopolitical and market standpoint, the first quarter of 2022 will not be one that investors will quickly forget. ”
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