Retail CFD Broker Volumes Fall 9% to $30.4 Trillion in Q2 2026
Retail
brokers handled $30.4 trillion in monthly FX and other trading volume in the
second quarter of 2026, according to FM Intelligence. That is 9.3% below the
first quarter’s $33.5 trillion, yet it leaves activity within 1.4% of the same
period a year earlier.
The
quarter-on-quarter dip reads as a step back from a first-quarter high rather
than a downturn, and the full Q2 2026 retail broker volumes
analysis shows why
the headline number hides more than it tells.
Underneath
the flat annual total, the order of the ranking moved.
The Market Cooled While
the Leaderboard Reshuffled
Of the 21
brokers in the ranking, 18 reported lower volume than in the first quarter. All
of the top 10, by contrast, sat higher than a year earlier. The two facts point
in opposite directions, and the space between them is what the analysis pulls
apart.
One name
that ranked fourth by volume in the second quarter of 2025 now sits first,
after more than doubling its monthly total over the year. The broker that led
the table a year ago has slipped to third. The live movements are tracked in
the broker volumes panel.
A Leader That Barely
Trades Currencies
The ranking
measures FX and other volume combined, and for the brokers now at the top,
other does most of the work. The firm in first place booked 97% of its reported
volume outside FX, in instruments such as equities, indices, commodities, and
crypto CFDs. Two of its closest rivals reported 99%.
That raises
a question the aggregate total cannot answer on its own: how much of the volume
at the top of the retail table is currency trading at all, and how much is
everything else.
Who
moved, by how much, and which names now fill the top 21 are set out in the Q2 2026 retail broker volumes
analysis on the FM Intelligence portal.
This article was written by Damian Chmiel at www.financemagnates.com.
