Capital.com, the global trading platform and fintech group whose trading volumes have reportedly surpassed the $1 trillion mark in 2023, announced total client trading volumes reached over $450 billion in Q3 2024, which represents a sizeable 20% increase from Q2 2024.
During the same period, new user accounts were reportedly up “by 9%, and the total number of trades executed on the platform grew by 19% to 31 million from the previous quarter.”
Dana Massey, Chief Marketing, Product & Technology Officer, Capital.com said that their Q3 results highlight the sustained growth of their platform.
Massey added that they’re supported by their track record and growth metrics, and they aim to further diversify their product offering and develop technologies that enhance efficiency across their platform.
Increased trading in Q3 was driven by strong interest in “indices, commodities, and FX markets.”
Index trading was particularly robust, accounting for approximately 53% of all trading volumes, supported by activity from clients across the Middle East, followed closely by Europe.
Daniela Sabin Hathorn, Senior Market Analyst, Capital.com, said that with anticipation for the US presidential elections building in Q3 they’ve seen increased interest in “indices and FX pairs, specifically those that included the dollar.”
Hathorn added that the capital injection on behalf of China to revive its struggling economy was also “a key driver of the momentum in equities throughout the month of September as traders pushed aside concerns about growth in China.”
Hathorn further noted that other key events include the “market meltdown and then, following the subsequent recovery in stocks, the worse-than-anticipated jobs data during the summer months, which triggered the Sahm rule and brought on concerns about the Federal Reserve being too restrictive for too long.”
Hathorn pointed out that as economic data has improved, so has sentiment in “equity markets, with the key global indices starting Q4 close to record highs.”
Building on the platform’s client engagement and trading activity in the last quarter, Capital.com is ramping up its investment in tech, with plans to double its technology & engineering in the next 12 months.
To support its clients with a diverse range of products and solutions, the company is hiring 200 new professionals across its global network of offices.
Capital.com’s hiring drive is focused on key areas “including Java and Angular Software Engineering, DevOps, QA Engineering, Site Reliability Engineering (SRE), Incident Management, Tech Support, IT Services, Data Engineering, Database Administration, and Engineering Management.”
These roles offer in-office and remote opportunities across London, Warsaw, Limassol and the company’s other key tech hubs globally, “providing an agile and collaborative environment for innovation.”
As covered, Capital.com is a trading and fintech platform that is redefining the future of trading.
Founded by Viktor Prokopenya and based in Cyprus, Capital.com is committed to providing a transparent platform, underpinned by technology and “comprehensive” education.
With offices in eight locations globally and over 700 employees, Capital.com empowers individuals worldwide with the “tools and knowledge to trade confidently.”
Capital.com has a global network with offices located in business and financial centres including the following city locations: London, Dubai, Warsaw, Vilnius, Sofia, Limassol, and Melbourne.
