Capital.com Reports $656 Billion Trading Volume Early This Year

Capital.com, a leading provider of contracts for differences trading services, closed the first three months of this year with a total trading volume of $656 billion. This number shows an increase of 11 percent compared to the previous quarter. More than half of this volume, about 53 percent, came from clients in the Middle East. European traders followed with 24 percent of the total.

Christoforus Soutzis, Chief Executive Officer of Capital.com Europe, noted that the boost in trading activity from January to March was linked to greater market changes, economic uncertainty, and renewed interest in major markets like the Nasdaq 100 Index and gold.

Capital.com Reports Strong Trade Volumes And Fast Execution

The broker shared that about 48 million trades took place on its platform in the first quarter, representing a 23 percent jump from the last quarter. Trades were carried out quickly, sometimes in as little as 0.024 seconds, while 91 percent of withdrawal requests were completed within five minutes.

Meanwhile, Viktor Prokopenya, who owns Capital.com through VP Capital, sold his shares in Currency.com, a cryptocurrency platform. The new ownership group, led by CXNEST Ltd, took full control earlier this year.

Although Capital.com has not shared its trading figures for April yet, other brokers have shown big rises in trading during that month. For example, VT Markets reported $720 billion in trading in April, which they called their strongest month ever. IG Group also pointed out unusually high trading levels during the same period.

Capital.com also revealed that more than 800,000 new users created accounts on its platform in the first quarter of this year. Ariel Segev, Chief Financial Officer of Capital.com, mentioned that the company is seeing “extraordinary momentum” in its worldwide business.

The recent results follow Capital.com’s record year last year, when it ended with more than $1.7 trillion in client trading volumes. The first quarter of this year also marked nearly a 95 percent rise compared to the same time period two years ago.

Capital.com Expands Workforce Amid Growing Demand

Capital.com also said it now employs over 1,000 staff worldwide and is growing its teams in Europe, the Middle East, and Australia. Late last year, the company announced plans to add 200 more technology and engineering workers to its offices.

These moves underline Capital.com’s aim to keep expanding while supporting faster and smoother trading for its growing base of users. The company appears ready to respond to market changes and continue attracting new clients across different regions.