Each Retail FX/CFD Account Now Generates $4.30 Million in Monthly Volume, Up 27% Year-Over-Year

Account growth and per-account activity are both contributing to the expansion in retail FX/CFD trading. The per-account spread across the FM Intelligence cohort runs from $0.67 million to $13.40 million, a 20-fold gap.

Active accounts across brokers tracked by FM Intelligence reached 7.42 million by the end of Q1 2026, up 9.4% from 6.78 million in Q4 2025 and up 42.4% from 5.21 million in Q1 2025. Average monthly trading volume per active account across the 52-broker named cohort rose to $4.30 million in Q1 2026, up 27% from $3.38 million in Q1 2025 and up 3.6% from $4.15 million in the prior quarter. The per-account spread across the cohort runs from $0.67 million at the broker with the largest active client base to $13.40 million at the broker with the highest per-account intensity, a 20-fold gap. Five brokers added more than 80,000 net active accounts year-over-year. One broker in the named cohort recorded a year-over-year decline in active accounts.