CFD platform and Spread Betting broker Capital.com which is owned and was founded by the Belarussian entrepreneur Viktor Prokopenya, in 2012 grew at quite a pace during 2021.
Client numbers at Capital.com rose to an impressive 4.23 million a gain of around +350%.
Many forex brokers grew strongly during 2021 as interest in retail trading and meme investing exploded, and Capital.com seems to have ridden that wave of growth.
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”
With over 35 years of finance experience, Darren is a highly respected and knowledgeable industry expert. With an extensive career covering trading, sales, analytics and research, he has a vast knowledge covering every aspect of the financial markets.
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As well as extensive experience of writing financial commentary, he previously worked as a Market Research & Client Relationships Manager at Admiral Markets UK Ltd, before providing expert insights as a market analyst at Pepperstone.
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A well known authority in the industry, he has provided interviews on Bloomberg (UK), CNBC (UK) Reuters (UK), Tiptv (UK), BNN (Canada) and Asharq Bloomberg Arabia.
