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DUBAI/GULF TIME
According to data from high-growth trading platform Capital.com, the United Arab Emirates (UAE) emerged as a key contributor to global trading activity in 2024. With 19.5 million trades, traders in the UAE were the most active on the Capital.com platform in the past year. The volume of trade from the UAE was also the highest across all markets, totalling $468.9 billion.
The data—based on the trading activity of over 600,000 global traders who were actively trading on the Capital.com platform between January 01 2024 and December 31 2024—highlights regional distinctions in trading performance, preferences, and strategies.
Capital.com’s findings revealed growing asset class diversification among traders in the UAE , with traders actively engaging with 23 markets , including Dogecoin, US Crude Oil Spot, and Gold. The UAE also boasted the most profitable traders across multiple asset classes, with 62.53% of trades exiting with positive returns. Traders from Qatar followed closely behind with 61% of trades exiting with profit. Countries with lower profit rates, ranging from 51-52%, included those in West Africa and Northern Europe. The data shows how UAE traders are increasingly diversifying their strategies and successfully trading across a broad range of markets and asset classes.
Commenting on the findings, Tarik Chebib, CEO, Capital.com MENA, said: “Our latest data shows the remarkable achievements of traders in the UAE, who are not only diversifying their strategies across a wide range of instruments but also delivering healthy returns from their trades . With an impressive trading volume of $468.9 billion and a growing focus on cross-asset opportunities, UAE-based traders have firmly established themselves as big hitters in the global trading landscape.”
For further insights or to explore more trading trends from 2024, visit https://capital.com/year-in-review?t=4