Per-account monthly trading volume across the FM Intelligence in the first quarter of 2026 sits inside a 17-fold spread, with Hantec Markets Group at the top of the distribution and D Prime at the bottom. The weighted average lands at $4.30 million per active account.
The full broker-by-broker breakdown is live on the FM Intelligence DataLab Portal. Read the full Q1 2026 per-account volume analysis here.
The Top of the Distribution Is Not Where the Largest Brokers Sit
The brokers leading on per-account volume are not the ones running the largest client books. Hantec Markets, which crossed the trillion-dollar quarterly mark for the first time in Q4 2025 and posted another record in Q1 2026, reports roughly 30,000 active accounts in the analyzed group.
Several brokers with significantly larger account bases sit lower on the per-account ranking, reflecting different mixes of clients, average trade sizes, and product weight.
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The full ranking, including how Hantec compares against IG, Saxo Bank, CMC Markets and other names in the top tier, is broken out on the FM Intelligence DataLab Portal.
XTB Sits Outside the Account-Volume Relationship
The cohort shows a fairly tight relationship between active account counts and monthly trading volume, with one notable exception. The Pearson correlation between the two variables reaches 0.80 when XTB is excluded from the calculation, compared with 0.45 across the full 52-broker sample.
The Warsaw-listed broker added 864,000 new clients in 2025 alone, a 73% year-on-year jump that pushed its base above 2.16 million accounts. Its account totals also include non-CFD positions, which makes a direct comparison against CFD-only active accounts at peers difficult.
FM Intelligence treats XTB as a non-comparable observation in the second correlation calculation for that reason.
What Else the Full Analysis Covers
The distribution clusters between $2 million and $6 million per active account, with most brokers grouped inside that band. A smaller tail of seven brokers reports per-account volumes at or above $8 million, while a handful, including EC Markets and other names that reported record Q1 volumes, land in the middle of the pack.
The DataLab article walks through where each of the 52 brokers fits, the quarter-over-quarter direction of travel for outlier names such as D Prime, and the methodology behind the cohort definition.
Per-account volume figures are sensitive to broker reporting practices, the treatment of dormant or low-frequency accounts in the active count, and product mix. The metric describes activity intensity per account, not account composition.
Read the full Q1 2026 per-account volume analysis, including the broker-by-broker breakdown, on the FM Intelligence DataLab Portal:Per-Account Monthly Volume in the Q1 2026 Broker Cohort: $0.76M to $13.40M Around a $4.30M Average.
