Capital.com reported a massive surge in 2020 client on-boarding and now aims to enter Australia and Canada.
Capital.com is a multi-regulated retail broker published its trading volume metrics for 2020 and showcased its trading services business.
The broker offers services under two subsidiaries, one registered in the UK and another in Cyprus. Both subsidiaries showed an uptick.
Capital.com (UK) Limited has FCA regulation and its trading volumes for last month rose by 3,673% compared to the same month the previous year.
The massive surge in volumes correlates with the 3,600% yearly increase in registered clients for the entire 2020.
On Capital.com SV Investments Limited had customer numbers increased by 541% year-on-year for the entire year.
The increase in regulated clients led to December’s trading volumes surge to 1200% compared to the previous year.
Geographical expansion
The brokerage explained that the surge in 2020 activities came in as it expanded its global services to over 200 countries.
Also, the British operation added spread betting services last May, attracting other traders.
The broker also focuses on improving its client-centric services. Recently, TradingView a charting platform integrated Capital.com as one of its trading partners.
The group is now planning to enter the Australian and Canadian markets in 2021.
Jonathan Squires, Capital.com’s CEO, commented on the figures saying they focused on delivering on their mission. Their mission is to provide client-focused, secure trading solution and offering the best trading experience on the market.
He added that 2020 record results were a testament to their innovative offering, successful investment technology and scalability. The results also show incredible resilience their team demonstrated in a very tough year.
Guilhem Tranchant, Capital.com’s Managing Director, added that adding financial spread betting capabilities were critical to extending their high-quality product portfolio as a leading CFD trading provider.
