Capital.com Adds 1 Million New Users in Q2, Injects £2.5M into UK Business

Capital.com, which operates a retail trading platform in the UK and globally, announced on Tuesday that it had added more than 1 million new users to its platform in Q2 2022, which is 19.44 percent higher than the previous quarter.

With this addition, the trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term ended the quarter with 6.4 million accounts. However, it is not known how many of them are actively trading.

The quarterly trading volume, on the other hand, came in at $255 billion for the months between April and June. It was 3 percent lower than the first quarter of the ongoing year mostly due to the bearish market sentiments.

While the European client base of the trading platform accounted for 31 percent of all trading volume, the demand by UK traders jumped 18 percent quarter-over-quarter.

“Over the past couple of years, Capital.com has been on a spectacular growth trajectory. Today, our focus is on ensuring a greater and bolder presence across mature, regulated markets, such as the UK and western Europe,” said Capital.com’s Group CEO, Peter Hetherington, who took over the charges in May.

“This is in line with our goal to expand our global footprint in step with the highest regulatory standards.”

Focus on the UK Business

With the increasing client demand in the United Kingdom, the retail trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term platform is focused on its business in the country. The group recently injected £2.5 million into the UK arm, thus doubling the core capital to £4.7 million.

Additionally, the decision occurred as revenue of the UK unit of the broker group jumped to £15.4 million in 2021 from the previous year’s £2.0 million. Moreover, the profits doubled to around £1.9 million.

“The UK is a strategically important market for the group, and this investment reflects our commitment to further grow and expand in the UK,” a Capital.com spokesperson told Finance Magnates.