Japan's DMM.com Maintains Dominance: Tops Global FX Ranking in 2024

Friday, 07/03/2025 | 09:36 GMT by Sylwester Majewski
  • The Japanese broker averaged $1.488 trillion in monthly volume.
  • The country's average monthly FX trading volume touched a record $10.748 trillion in Q3.
DMM volumes 2024

As already revealed by Finance Magnates, the previous year, 2024, was quite successful for the FX/CFD industry. The number of active accounts broke crucial psychological thresholds. Further, there were also interesting developments in the volume rankings.

DMM Dominates

Finance Magnates Intelligence conducted a global study to determine which broker recorded the highest average monthly volumes in 2024. The study focused exclusively on FX trading, excluding other instruments. Without any surprise, DMM.com Securities once again secured top spot in our ranking.

The Japanese broker ended the year with an average monthly volume of $1.488 trillion, slightly lower but not far from its 2023 figure of $1.523 trillion. It is worth noting that in 2022, DMM.com led the annual rankings with an average volume of $1.29 trillion and in 2021, it had an average monthly volume of only $0.87 trillion.

DMM.com dominated the FX rankings for all twelve months of 2024. In both January and July last year, its average monthly volume exceeded $2 trillion. Throughout the year too, its volume never dropped below the $1 trillion mark.

Japan as a Global Hub for Retail FX Trading

Looking at the data, we can establish that Japan has always been a key player on the global FX map. For years, it accounted for over 50% of total global trading volumes. While its market share is not as dominant as before, it still remains impressive.

In the third quarter of 2024, we observed $10.748 trillion in average monthly FX volume in Japan—a substantial increase from the already impressive $6.6 trillion recorded in the corresponding period in 2023.

Apart from being a retail FX hub, Japan also has a well-developed cryptocurrency industry. Recently, the country took a significant step forward in stablecoin adoption, with SBI VC Trade securing regulatory approval to list Circle’s USDC. This marks the first time a foreign dollar-pegged stablecoin has been legally distributed in the country. Under Japan’s new payments framework, the exchange will introduce USDC trading, signaling a major shift in the country’s approach to digital assets.

As already revealed by Finance Magnates, the previous year, 2024, was quite successful for the FX/CFD industry. The number of active accounts broke crucial psychological thresholds. Further, there were also interesting developments in the volume rankings.

DMM Dominates

Finance Magnates Intelligence conducted a global study to determine which broker recorded the highest average monthly volumes in 2024. The study focused exclusively on FX trading, excluding other instruments. Without any surprise, DMM.com Securities once again secured top spot in our ranking.

The Japanese broker ended the year with an average monthly volume of $1.488 trillion, slightly lower but not far from its 2023 figure of $1.523 trillion. It is worth noting that in 2022, DMM.com led the annual rankings with an average volume of $1.29 trillion and in 2021, it had an average monthly volume of only $0.87 trillion.

DMM.com dominated the FX rankings for all twelve months of 2024. In both January and July last year, its average monthly volume exceeded $2 trillion. Throughout the year too, its volume never dropped below the $1 trillion mark.

Japan as a Global Hub for Retail FX Trading

Looking at the data, we can establish that Japan has always been a key player on the global FX map. For years, it accounted for over 50% of total global trading volumes. While its market share is not as dominant as before, it still remains impressive.

In the third quarter of 2024, we observed $10.748 trillion in average monthly FX volume in Japan—a substantial increase from the already impressive $6.6 trillion recorded in the corresponding period in 2023.

Apart from being a retail FX hub, Japan also has a well-developed cryptocurrency industry. Recently, the country took a significant step forward in stablecoin adoption, with SBI VC Trade securing regulatory approval to list Circle’s USDC. This marks the first time a foreign dollar-pegged stablecoin has been legally distributed in the country. Under Japan’s new payments framework, the exchange will introduce USDC trading, signaling a major shift in the country’s approach to digital assets.

About the Author: Sylwester Majewski
Sylwester Majewski
  • 137 Articles
  • 20 Followers
About the Author: Sylwester Majewski
Sylwester is a graduate of the Warsaw School of Economics, holding an MA in Finance and Banking. He currently serves as Head of the Insights & Reporting Hub at Finance Magnates. He is also a former minority partner in an NFA-registered US forex broker and has been involved in numerous forex and trading industry projects since 2003. Privately, Sylwester is a husband and father to a 7-year-old daughter, as well as an enthusiast of trading and Formula 1.
  • 137 Articles
  • 20 Followers

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