INFINOX Releases Third Quarter Report, Showing Impressive Growth in Social Account Acquisition
Nassau, Bahamas, November 8, 2022 /PRNewswire/ — Award-winning online brokerage INFINOX recently released data for the third quarter of 2022, showing an impressive increase in customer acquisition, compared to the second quarter of this year and the third quarter of 2021. According to data, INFINOX succeeded in attracting more new users worldwide in the mentioned quarter, both on its trading platform and its state-of-the-art social trading tool, IXSocial.
The data shows an increase in the number of new accounts opened globally on IX Social. There was an almost 30% increase in new IX Social accounts in the third quarter of 2022, compared to new accounts in the second quarter of the same year. When comparing the Q3 of 2022 to that of 2021, we note a surge of more than 75%.
The new social trader takes over
Asked about these numbers, INFINOX Head of Sales Sam Chaney cited the main trigger as a change in the e-commerce scene, most visible in what they call the “new merchant”.
“We’re talking about a new kind of trader – one that’s younger and more growth-oriented when it comes to online commerce,” Chaney noted, “and that’s especially important in the Middle East and Arabic-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 business – and even a competition between traders. Our IX Social tool fits this trader like a glove, as it offers them a community where they can discuss market movements, understand dynamics and even get inspired by other traders. Basically, it’s a win-win situation.”
Serving merchants worldwide with offices in 15 countries, INFINOX was founded in 2009 and has been at the forefront of the industry since its inception. Thousands of clients around the world trade a full range of asset classes with INFINOXsuch as forex, stocks, commodities and crypto.
The INFINOX brand was built on the cornerstones of integrity and trust. Clients who work with the broker have access to a wide range of tools, including the IX Social platform, as well as market news, up-to-date analysis, extensive customer support, and more.
“We will continue to develop our IX Social tool, to ensure it meets the needs of the ‘new merchant’ in the most optimal way,” Chaney added.