Capital.com Achieves Over $450 Billion in Client Trading Volumes for Q3 2024

Capital.com, a leading trading and fintech platform, has released its trading data for the third quarter of 2024 (Q3 2024), showcasing a steady growth trajectory. The group achieved over $450 billion in total client trading volumes in Q3 2024, marking a 20% growth from Q2 2024.

The surge in Q3 trading was driven by strong interest in indices, commodities, and FX markets. Index trading was particularly robust, comprising approximately 53% of all trading volumes, with significant activity from clients across the Middle East, followed by Europe.

Over the same period, Capital.com saw a 9% rise in new user accounts, and the total number of trades executed on the platform increased by 19%, reaching 31 million from the previous quarter.

Dana Massey, Chief Marketing, Product & Technology Officer at Capital.com, commented on the performance: "Our Q3 results highlight the sustained growth of our platform as we continue to deliver the best trading experience for our clients globally. Supported by our strong track record and growth metrics, we have ambitions to further diversify our product offering and develop pioneering technologies that enhance efficiency across our award-winning platform.” 

Commenting on clients’ trading behaviour in Q3, Daniela Sabin Hathorn, Senior Market Analyst, Capital.com, said: “With anticipation for the US presidential elections building in Q3 we've seen increased interest in indices and FX pairs, specifically those that included the dollar. The capital injection on behalf of China to revive its struggling economy was also a key driver of the momentum in equities throughout the month of September as traders pushed aside concerns about growth in China. Other key events include the market meltdown and then, following the subsequent recovery in stocks, the worse-than-anticipated jobs data during the summer months, which triggered the Sahm rule and brought on concerns about the Federal Reserve being too restrictive for too long. As economic data has improved, so has sentiment in equity markets, with the key global indices starting Q4 close to record highs.”

Building on strong client engagement and trading activity in Q3, Capital.com is ramping up its investment in technology. The group plans to double its technology and engineering teams over the next 12 months and is hiring 200 new professionals across its global network of offices.