The retail CFD industry witnessed another period of expansion in Q2 2025, with eleven brokers now exceeding 100,000 monthly active accounts, according to data from the latest Finance Magnates’ Quarterly Intelligence Report.
Nearly 5.7 Million Active CFD Traders
The industry milestone reflects growing participation in retail trading markets, with total global active accounts reaching 5.68 million during the second quarter. This figure excludes Japan and represents continued momentum from the previous quarter when the industry first crossed the 5 million account threshold.
XTB maintains its position at the top of the rankings with 750,000 active accounts, though the Polish broker's published figures include all account types, including both active and passive accounts, as well as share trading accounts. The actual CFD account numbers might be considerably lower.
Newcomer Secures Runner-Up Position
In the latest edition, we added a new broker to our list, and it quickly stood out, taking second place in terms of active clients. Doo Prime completed the top three.
Want to see the full list of brokers surpassing the 100,000 threshold and learn their figures, along with dozens of other CFD brokers analyzed by Finance Magnates Intelligence? Download our Quarterly Industry Report now for a comprehensive review of the industry in Q2 2025.
MetaTrader Platforms Drive Volume Growth
The higher number of active CFD traders also translated into more transactions on the most popular platforms. MT4/MT5 experienced substantial volume increases, reaching $16.36 trillion in average monthly trading volume, up from $12.9 trillion in the previous quarter. The platforms now account for 69% of total retail FX/CFD volumes globally.
IC Markets led the MT4/MT5 volume rankings with most of the trades executed on MT4. Despite the global popularity of these platforms, their usage in Japan remained limited, accounting for only a small fraction of total FX volume in that market.
The data reveals increasing concentration among leading players, with the top eleven brokers representing a significant portion of global retail CFD activity.
Detailed broker volumes, client numbers, and insights into how the global CFD industry is evolving are available each quarter in the Finance Magnates Intelligence Report. Get your digital copy today!
