Infinox records 925% increase in trading volumes from African investors in 2020
Investment from African traders via the global trading provider, Infinox, has witnessed a 925 per cent rise in 2020 compared to that of 2019.
Meanwhile, volumes traded globally on the platform last year hit $553 billion, representing a 28 per cent surge in investor demand.
The increase in trades was disclosed in a statement by Infinox on Thursday.
Latin American investors also invested keenly in the market in 2020 as they traded 15 per cent more through Infinox than in 2019.
With offices in Nigeria, South Africa, and Egypt, Infinox has attracted many African investors who have become some of its most active users.
Figures indicated that the number of active Infinox accounts owned by Africa-based investors in 2020 upped by 831 per cent compared to 2019, while that of active investors in Latin America rose by 158 per cent in the same period.
Last year saw Infinox worldwide trading figures hit the half-trillion mark for the first time, while October witnessed more trading by African investors than in any other month of the year.
Infinox CEO, Robert Berkeley, stated, “All of our platforms are intuitive and mobile-friendly, and the launch of our community trading app IX Social is now bringing the excitement and power of real-time trading to a whole new audience, both in Africa and beyond.”
The platform enhances sophisticated private investors to trade assets such as forex, equities and commodities.
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