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Web FX third quarter financial report: Monthly revenue exceeded 10 million, and the market is optimistic

As the third quarter draws to a close, Web FX Group’s performance is in the spotlight. The platform has seen steady growth across all its businesses in the third quarter. Up to now, Web FX’s third-quarter revenue has exceeded 20 million, which has exceeded the previous entire quarter’s revenue.

As the largest business segment of Web FX Group, the growth of Demo Trading is mainly due to the large-scale increase of platform users, the number of daily registrations continues to rise at a rate of more than 30,000 among them, 80% of users come from the friend invitation, and community active users are constantly increasing, achieving a good result of nearly 10 million revenue in August.

On the other hand, in order to keep our promise to our users to keep creating efficient ways for them to earn money in the current challenging market environment, Web FX’s cash reserves in the third quarter were very sufficient, over 40 million USD to provide strong guarantee for business growth.

In addition to the impressive revenue performance, the market share and user base of Web FX are increasing and the market is very optimistic. In the future, we will be more actively involved in the research and development of the Web FX project.

Click to learn about Web FX: https://webfxx.com/

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Bengaluru Bytes journalist was involved in the writing and production of this article.