ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

Despite Bearish Sentiment, Capital.com Added 1M New Users In Q2

Share On Facebook
share on Linkedin
Print

Financial derivatives trading platform Capital.com has bucked the bearish market sentiment, adding over one million new accounts in the three-month period ending June 30, it said in a press release today.

While that’s an impressive achievement for any trading platform, Capital.com said it means it was adding new users at a 20% faster rate than it did in the first three months of the year. Moreover, it did so at a time of steadily increasing negative sentiment in the markets, which normally leads to more caution from investors. To date, it now counts more than 6.4 million total users on its platform.

However, it appears that Capital.com’s users have an appetite for the current economic downturn, with a sharp uptick in indices trading towards short positions suggesting that many are looking to take advantage of the declining market. The platform also saw strong trading in the commodities sector, with growth there coming at the expense of the crypto markets.

Capital.com said the lack of enthusiasm among its users for crypto is probably directly related to the bearish sentiment in that sector, which has fallen harder and faster than other markets.

In terms of trading volume, Capital.com said activity declined slightly. Total trading volume for the second quarter hit just over $225 billion, down by three percent from the first quarter. However, Capital.com saw encouraging growth in Europe, which accounted for almost a third of all trading volume. Also, it said U.K.-based trading activity rose by 18% in the period.

Capital.com’s Group Chief Executive Peter Hetherington said the company’s focus on growth in mature, highly regulated markets such as the U.K. and western Europe was paying off. He added that one of the company’s priorities now is to provide assistance through risk management tools and educational materials to help users steer through the choppy markets.

Peter Hetherington

“We will continue to prioritise best-in-class insights, information and analytics to help clients adapt and hone their trading strategies as markets turn more bearish,” Hetherington promised.

 

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com