Brokerage group Capital.com said on Wednesday that traders in the United Arab Emirates drove the largest share of its overall trading volume in 2024.

In a statement, the group said that traders in the UAE placed 19.5m trades over the 12 month period. For those interested, this equates to an average of one trade every 1.6 seconds for the whole year.

According to Capital.com, this was double the number of trades placed with the group compared to the broker’s second-largest market – Germany.

Total volume for the UAE over the course of the year was $468.9bn.

Capital.com said that UAE traders also had the highest proportion of profitable trades. The broker noted that UAE client trades were profitable 62.5% of the time. Qatari clients were close behind with 61.0% of client trades closing profitably.

“Our latest data shows the remarkable achievements of UAE traders, who are not only diversifying their strategies across a wide range of instruments but also delivering healthy returns from their trades,” said Capital.com MENA CEO Tarik Chebib.

“With an impressive trading volume of $468.9 billion and a growing focus on cross-asset opportunities, UAE traders have firmly established themselves as big hitters in the global trading landscape.”

Also of note in Capital.com’s statement were some of the stats around Germany.

The broker said that clients in Europe’s largest economy used stop-loss features more than any other country globally, with close to 30% of client trades employing what Capital.com termed “risk management strategies”.

German clients were also the biggest traders, on a sectoral basis, of equities. Just under 16% of German client trades were in stocks over 2024, the broker noted.