Trading Volume for Capital.com Jumps In the First Quarter of 2022
Capital.com has its headquarters in Cyprus. It was founded in 2016 and has now gone on to become a globally known brokerage firm. Capital.com undertakes activities related to Foreign Exchange and Contracts for Difference trading.
The brokerage firm has its presence in Cyprus, Melbourne, Gibraltar, and Belarus. Users must deposit a minimum amount of $20 to start trading, and they can opt to access a demo account for training purposes. Newbie traders should research and read a reliable Capital.com review before registering on the official website and beginning their trading journey.
A Jump In The First Quarter
Users and investors worldwide were looking forward to Capital.com publishing its key performance metrics. The wait ended after the brokerage firm announced how much it had achieved in the first quarter of 2022, which ended on March 31 of this year.
According to the data made available by Capital.com, there was a significant jump in the trading volume. The figure went up by 229% in the first quarter of 2022 compared to last year’s quarter on a Year-on-Year basis.
This jump represents an amount of $270 billion, which is up by 36% compared to the previous quarter. Reportedly, Capital.com ended the last year at $565 billion. The good news is that it has already achieved nearly 50% of it in the first quarter of 2022.
2022 still has nine months to go. The firm will surpass the previous year’s performance by a huge margin, probably setting a benchmark for its future performances.
A jump in the first quarter is supported by the number of traders on the platform. Capital.com has registered a growth of 27% in the number of traders.
An addition of 1 million traders is significant as the total number of traders has now reached 5 million.
Capital.com stands tall with 345,000 traders performing trading activities and 78,000 active monthly accounts. The firm reported that there was also an increase of 43% in the trading activities in the last three months. Although the market is at high risk, trading activities rose due to various geopolitical tensions.
Extending geopolitical aspects a little more, the two markets that remained under the limelight were Gold and Oil. Both were affected due to the Russia-Ukraine conflict, yet the market, especially Oil, went up by 70%.
The chances are strong that the tensions will prevail for a little more time. It is to be seen if traders will continue to participate in future dips or not. The traders have taken up current dips to benefit from the future rise. Although, find out more about the best forex brokers UK platforms with similar platforms like Capital.com.
David Jones, the Chief Market Strategist at Capital.com, acknowledged a bucket load of volatility in the first quarter of 2022 that brought many traders to the markets.
