Capital.com Reports Massive Surge in 2020 Client On-Boarding
Capital.com, a multi-regulated retail broker, has published its trading volume metrics for 2020, showcasing a record year for its trading services business. The group offers services under two subsidiaries, one registered in the United Kingdom and the other in Cyprus, and an uptick was seen in both.
The FCA-regulated Capital Com (UK) Limited’s monthly trading volume for last month went up by 3,673 percent, compared to the same month a year ago. The massive jump in volumes is in correlation with the 3,600 percent yearly increase in the registered clients for the entire 2020.
On Capital Com SV Investments Limited, the entity registered and regulator in Cyprus, the number of traders increased by 541 percent year-on-year for the entire year. The influx of clients regulated in the surge of December’s trading volumes to 1,200 percent, compared to the previous year.
Focus on Geographical Expansion
The brokerage group detailed that the surge in the activities in 2020 came as it expanded its global services to over 200 countries. Moreover, the British operation added spread betting services last May, attracting another bread of traders.
Additionally, the broker is focused on improving its client-centric services. Most recently, charting platform TradingView integrated Capital.com as one of its trading partners.
The group company is now planning to enter Australia and Canada in 2021.
Commenting on the figures, Capital.com CEO, Jonathan Squires, said: “We remain focused on delivering on our mission to provide a client-focused, secure trading solution and offering the best trading experience on the market. Our record results for 2020 are a testament to our innovative offering, successful investments in technology and scalability, and the incredible resilience demonstrated by our team in a very tough year.”
“As a leading provider of CFD trading, adding financial spread betting capabilities was an important step to extend our high-quality portfolio of products, and it will be a key contributor to Capital.com growth for 2021,” said Guilhem Tranchant, Capital.com UK Managing Director.
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