(3 minutes read)
· Stock trading in Africa has picked up during the pandemic bucking the global trend
· The global trading provider INFINOX recorded a 925% surge in trading volumes among African investors in 2020
· The number of active INFINOX accounts of Africa-based investors vaulted by 831% in 2020 compared as against the previous year
Stock trading in Africa has picked up during the pandemic bucking the global trend. The global trading provider INFINOX recorded a 925% surge in trading volumes among African investors in 2020.
The London headquartered INFINOX has presence in 15 countries in Africa, including South Africa, Egypt and Nigeria. INFINOX has regulatory approvals in South Africa and Mauritius. That has enabled the company to attract active users from Africa through its mobile-friendly platform. Investors can trade a full range of asset classes, from forex to equities and commodities, using sophisticated tools.
The number of active INFINOX accounts of Africa-based investors vaulted by 831% in 2020 c as against the previous year. That is the highest across the world. The other region that registered a growth is Latin America, where the number of investors increased by 158% during the same period.
Global markets went through a prolonged period of volatility. Bucking the trend, the African investors traded more in October 2020 than in any other month of the year.
