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Abstract：The online broker reported higher quarterly and yearly numbers. Its traditional trading platform and social trading IX Social attracted more new users.
INFINOX, contracts for difference (CFDs) broker with 13 years of experience, has summarized the third quarter of 2022 and recorded a visible rise in the number of accounts in its social trading tool, IX Social.
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Compared to the last quarter, the number of new client acquisitions rose by 30%. When comparing the third quarter of 2022 to the same period a year earlier, the rise was even more significant, standing at 75%.
According to the press release, INFINOX was able to attract more traders not only to IX Social but also to its standard trading platform.
“We're talking about a new type of trader - one who is younger and more growth-oriented when it comes to online trading, and this is especially prominent in the Middle East and Arab-speaking world. The 'new trader' sees this platform as a long-term opportunity, rather than the conservative trader who viewed online trading as a short-term activity – and even a competition between traders,” Sam Chaney, the Head of Sales at INFINOX, said.
“Our IX Social tool fits like a glove to this trader, because it offers them a community in which they can discuss market movements, understand the dynamics and even get inspired by other traders. Basically, it is a win-win situation.”
INFINOX has recently not only increased customer engagement but also developed new products. In October, the global trading provider launched the IE Exchange platform, giving access to over 20,000 trading instruments.
Available to INFINOX clients in the UK, the IE Exchange works alongside the current MetaTrader platform. Traders can switch between the two of them, to diversify their portfolio and use different trading tools.
“We are broadening our product range to meet the evolving needs of the marketplace. The launch of IX Exchange is a statement of intent for our growth strategy and a game-changer for our clients' trading potential,” Robert Berkeley, the CEO at INFINOX Capital Limited, said.
In June, IXO Prime, an INFINOX subsidiary, announced a strategic cooperation with Art Technologies, a leading technology provider.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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