Five Brokers Cross $1.5 Trillion in Monthly Volume as CFD Industry Doubles Year-Over-Year

Five named brokers in FM Intelligence's tracker now exceed $1.5 trillion in monthly volume, up from zero in Q1 2025; headline industry active accounts rose to 7.42 million from 5.21 million a year earlier.

TMGM overtook IC Markets to take the top position in FM Intelligence's Q1 2026 retail FX/CFD volume ranking, reporting $2.045 trillion in monthly trading volume, the first time any single broker in the tracker has crossed the $2 trillion threshold. Headline industry monthly trading volume reported by FM Intelligence reached $33.57 trillion, up 12.8% from $29.76 trillion in Q4 2025; headline active accounts reached 7.42 million, up 9.4% from 6.78 million in Q4 2025 and up 42.4% from 5.21 million in Q1 2025. Across the 52-broker named cohort tracked individually, aggregate monthly volume reached $22.32 trillion, up 14.6% from $19.47 trillion in Q4 2025 and up 96.4% from $11.37 trillion across 51 named brokers in Q1 2025. Five brokers (TMGM, IC Markets, EC Markets, IG Group, and JustMarkets) now report monthly volumes above $1.5 trillion, compared with two brokers in Q4 2025 and zero in Q1 2025. MT5 share of platform volume rose to 65% in Q1 2026 from 58.3% in Q4 2025.