Client numbers at Capital.com rose to an impressive 4.23 million a gain of around +350%.
It’s not just client numbers that have been growing at the firm, trading volumes have risen sharply as well.
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The number of client trades rose by +388% and the notional value of those trades hit $565.0 billion.
However, its one that could suggest that the surge in new clients, was made up of a large number of relatively low-value accounts. A growth pattern, which other fast-growing brokerages such as Robinhood experienced over the last two years.
For example, in 2021 the median account balance at the US low-cost broker Robinhood was just $240.00. That’s the sort of account most investment platforms don;t actually want.
Capital.com expanding operations
Capital.com has also been increasing its headcount and geographic presence opening offices in Warsaw, Kyiv, Vilnius, Melbourne, Singapore and Sofia with staff numbers have risen by +478% as a result of that expansion.
Capital.com extended its product range and trading hours and will continue to try and innovate through the use of AI and machine learning techniques, to better understand its clients behaviour and needs.
Capital.com has a focus on technology and has its own proprietary trading platforms but it also offers clients the ability to use third-party apps such as Trading View.
Joe Rundle joins Capital.com from Markets.com
The company has recently recruited Joe Rundle, formerly CEO of Markets.com, as its new Chief of Staff. Mr Rundel will be based in Cyprus and will focus on further expansion taking the business into US markets.
Speaking at the time of the appointment of Mr Rundle, which was announced in late January, Capital.com Group CEO Jonathan Squires said:
“Capital.com has not only been achieving but also sustaining triple-digit year-on-year growth for the last few years. Stellar growth has enabled us to expand our global footprint rapidly. With Joe’s knowledge and experience building compelling multi-asset platforms, we can confidently deliver best-in-class stock trading capabilities and drive strategic partnerships”