Brokerage group Capital.com announced on Thursday morning that it generated $656bn in client trading volume during the first quarter of the year.
That was an 11% uplift on the final quarter of last year.
Clients from the Middle East drove the majority of trading volume at the company during the first quarter, with 53% of overall activity coming from the region.
Europe was the second-largest region for the broker, with 23% of overall trading volumes derived from the continent.
Germany has typically been a strong market for the broker, although third-party data suggests the company is also performing well in countries like Italy and Switzerland.
48m trades were placed on the Capital.com platform in Q1
The broker also said in its announcement that the total number of trades executed hit 48m during the first three months of the year.
Capital.com also noted in its statement that the most popular asset class to trade was indices, followed by commodities markets, particularly gold.
“We saw a significant rise in trading activity in Q1, driven by increased market volatility, macroeconomic uncertainty, and renewed interest in key markets like the Nasdaq 100 Index and gold,” said Christoforos Soutzis, CEO, Capital.com Europe.
“Our clients are responding to global events in real time, and our platform is enabling them to act quickly, confidently, and with greater speed than ever before.”
Headcount tops 1,000 at Capital.com
The company also announced that it has now surpassed 1,000 employees globally. The firm’s main offices are in London, Dubai, and Cyprus, with other locations including Bulgaria and Poland.
As reported earlier this year, the company is actively recruiting upwards of 200 people across engineering and technology.
The company’s Chief Product Officer Dana Massey said the broker is working on 12 – 15 new products that it will roll out over the next couple of years.
