NAGA Group Records Trading Volume of €22 Billion in April 2021

Fazzaco learned that NAGA Group, the provider of the social network for financial market trading NAGA.com, has reported a record €22 billion (around $26.65 billion) in monthly trading volumes for the month of April.

These figures came after NAGA ended an excellent quarter with record performance. Fazzaco earlier reported that NAGA Group has reported its preliminary unaudited results of the first quarter 2021, showing a significant jump in revenue as its sales jumped by 69% to USD 13.7 million compared to USD 8.1 million in Q1 2020.

Additionally, the broker added 40,000 new traders last month, which soars by 50 percent compared to the previous month.

Benjamin Bilski, Founder and Chief Executive at NAGA, said in a statement: "In contrast to our peers, NAGA is accelerating its growth. We remain bullish on our targets, and by keeping this pace Q2 will be another record growth quarter, especially in terms of transactions and volumes."

"Our retention and acquisition metrics are healthy, we keep on improving our platform and customer experience every single day. Also, the engagement ratios and the copy activity are extremely promising enabling us to further build competitive advantage with our unique FinTech ecosystem," added Benjamin.

Earlier last month, Fazzaco reported that Petros Kalaitzis​ has left London-based brokerage firm Tickmill to join NAGA Group as new Head of Customer Experience.