Capital.com Posts 78% Jump in Trading Volume for Q1 2021

Capital.com, a global Forex and CFD broker, has announced its growth results​ for the first quarter ended March 31, 2021, showing a 78% jump in total trading volume.

In particular, the FCA-regulated broker reported a total trading volume of USD82bn for the first quarter of 2021. During the period, the company also grew the number of clients on its platform to more than 2 million. 

In Q1 2021, the number of people who opened an account on Capital.com for the first time increased by more than 233% compared to Q4 2020. The platform's growth in Q1 was in part driven by the global market rally and rising retail participation in financial markets owing to national lockdown measures.

"The extraordinary growth on the platform is testament to Capital.com's ability to build a strong business that is responsive to wider changes. This is just the beginning for us. Looking ahead, we will continue to deliver solutions and services and make improvements to our platform to empower more people to trade with confidence and ease," said Jonathan Squires, Chief Executive Officer, Capital.com.

Over the same period, clients also increased their trading activity on the platform. The total number of trades executed by clients increased by 240% in Q1 compared to the previous quarter with notable retail interest in cryptocurrencies. Of the top five most traded assets on the platform in Q1, the first three include cryptocurrency pairs Dogecoin/USD, Ripple/USD and Ethereum/USD. Derivatives trading on Gamestop and AMC were the other two top traded assets during the period. By contrast in Q4 2020, Ripple/USD was the top traded asset followed by crude oil, gold, Tesla and Bitcoin/USD. 

"Not all clients are allowed to trade cryptocurrency derivatives but in those markets where it is permissible, there has clearly been a growing interest in the fledgling asset class. However, the volumes traded in crypto derivatives by individual investors are still relatively small," noted Squires.

Capital.com enables clients to trade more than 3,000 of the world's most popular indices, commodities, cryptocurrencies, shares and currency pairs through its web and mobile platforms. This March, the company appointed Christoforos Soutzis as Group Chief Risk Officer​ to strengthen its Risk, Trading and Dealing team across the globe.