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    ATFX Reports 41% Growth in Q1 Trading Volumes Owed in Part to Covid-19 Volatility


    ATFX, a leading global FX broker, released an official statement today outlining its growth in the first quarter of 2020. The award-winning firm has confirmed higher revenue earnings for certain product categories. ATFX has attributed the welcome news to volatile market conditions as well as the launch of new product categories. 

    The high trade volumes achieved by ATFX in the first quarter of this year are equal to 41.04% of the volumes achieved across the whole of 2019. If we compare this figure to last year, Q1 2020 trade volumes increased by 37.03%. The number of total active traders also rose by 62.57%. These impressive results were achieved, in part, due to heightened volatility within global financial markets affected by the coronavirus pandemic. Overall, we have witnessed a formidable uptick in client trading activity.

    Some of the product categories that registered improved performance in Q1 include Metal CFDs, Index CFDs and CFD shares. There was a 17.3% increase in precious metals trading led by gold CFD trading. We can attribute such results to a higher demand for safe-haven assets amid the global uncertainty stemming from Covid-19. Investors largely avoided riskier assets in Q1, including Index and CFD shares, and this led to a subsequent smaller increase in trading volumes compared with gold.

    Further to this, ATFX increased its offerings by launching new cutting-edge products during Q1. These included Gold and natural gas futures, as well as 3M (MMM), the U.S. stock CFD. For many companies, growth signals success. It creates new opportunities, brings in more clients and generates greater profits. As ATFX continues to diversify into new markets, products and services, expect to see more of the same growth in the future.  

    The COO of ATFX Group, Jeffrey Siu, had some hopeful words to share about the news:  “The positive results we registered in Q1 were driven partly by increased volatility in the global financial markets. The state of these markets has been an underlying factor in ATFX’s uptick in client trading activity. The launch of new products such as Gold, natural gas futures and 3M stock CFDs have also played a pivotal role in boosting our results. We saw an increase in our earnings in Q1 and are very much looking forward to a prosperous second quarter”. 

    “At ATFX, we remain focused on implementing our strategic expansion plans as many advanced nations start easing lockdown measures. We are continuously assessing market dynamics, which has allowed us to execute our contingency plans earlier this year and adapt to tough conditions created by the coronavirus pandemic. In line with government guidelines, we’ve put a temporary hold on physical seminars and instead, we’re running even more webinars online to ensure clients stay up to date with the market. We recently increased our share capital and are in the process of expanding our product suite and operations to other countries. We're confident this approach combined with a resilient team will see us as a stronger company after this crisis.”

    Looking ahead, the broker now expects full-year revenues and profitability to be substantially higher than the current estimates thanks to the strong performance recorded in the first quarter.

    Last Updated: 01/06/2020

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