Capital.com has published some of the performance metrics for 2021, revealing a 350% year-over-year increase in the number of registered users and a total figure of 4.23 million.
With the number of people signing up for their platform in H1 2021 more than doubling over 6 months, they recorded a 400% growth.
In addition, the expanding client numbers generated a positive shift in platform trading volumes. The total client trading volume for the whole year was $565 billion, 303% higher than the previous year. Furthermore, the H1 of 2021 figure set a record in this area, increasing by more than 184% from the preceding quarter.
The number of executed transactions on the brokerage platform increased by 388% in 2021.
According to Jonathan Squires, global lockdowns have significantly impacted consumer behavior and attitudes. With the growing trend of people not wanting to leave their homes, online marketplaces have increased demand.
Jonathan is the Group Chief Executive Officer at Capital.com.
Betting on New Technologies
The brokerage, which has several branches, has capitalized on the trend by adding new services. It broadened its stock trading horizons, extended trading hours, and made platform upgrades that allowed for advanced technologies like machine learning and artificial intelligence (AI). Now the platform is focused on utilizing these sophisticated technologies to comprehend client actions.
Meanwhile, to support its expansion, the firm established new offices in Warsaw, Kiev, Melbourne, Vilnius, Sofia, and Singapore. The headcount has increased by 478% since then.
Squires said they are also committed to expanding globally, especially in the United States. They plan on maintaining their strong growth year-over-year with these ambitions intact and expect it will be done through regulatory approvals abroad too!