Over the
past two years, the number of active CFD accounts worldwide has increased by
almost 30%, exceeding 5 million. However, according to data from Finance
Magnates Intelligence, only 7 out of more than 50 largest brokers in the
industry have crossed the threshold of 100,000.
1 in 4 Active FX/CFD
Clients Traded With One of These 7 Brokers
XTB ranks
first, reaching 555,000 active monthly clients in Q4 2024. IC Markets, placed
second, gathered three times fewer active clients (168,000), but on the other
hand, achieved much higher average monthly volumes.
The data
could be summarized in one sentence: XTB is in a league of its
own. The publicly listed Polish fintech dominated the ranking in terms of
active accounts. This aligns with CEO Omar Arnaout’s statement that acquiring
customers is more important to him than
revenue and profits.
Only seven
brokers exceeded the average number of active clients per month above 100,000
in the last quarter of the previous year. If all their results were summed up,
they would collectively serve almost 1.4 million active FX/CFD traders.
This means
that one in four from the base of 5 million clients monthly is a client of XTB,
IC Markets, and five other companies.
Want to
find out what these companies are? Subscribe now to
the latest edition of the Quarterly Industry Report by Finance Magnates
Intelligence. You will find data on accounts and volumes of more than
50 largest FX/CFD brokers in the world, a range of proprietary indicators and
data, as well as analyses with expert comments.
From 3.9 to 5 million
investors
The data
shows that the number of monthly active traders has grown significantly over
the year, increasing
by almost 30% from 3.9 to 5 million. According to Sylwester Majewski, Head
of Intelligence at Finance Magnates, this is thanks to one particular market.
“Where
is this growth coming from? Emerging markets—especially in Asia—are fueling
expansion, as large, densely populated regions with evolving regulations
continue to drive opportunities,” Majewski commented.
The latest
metrics on the CFD industry can be found in our Quarterly Intelligence Reports.
Over the
past two years, the number of active CFD accounts worldwide has increased by
almost 30%, exceeding 5 million. However, according to data from Finance
Magnates Intelligence, only 7 out of more than 50 largest brokers in the
industry have crossed the threshold of 100,000.
1 in 4 Active FX/CFD
Clients Traded With One of These 7 Brokers
XTB ranks
first, reaching 555,000 active monthly clients in Q4 2024. IC Markets, placed
second, gathered three times fewer active clients (168,000), but on the other
hand, achieved much higher average monthly volumes.
The data
could be summarized in one sentence: XTB is in a league of its
own. The publicly listed Polish fintech dominated the ranking in terms of
active accounts. This aligns with CEO Omar Arnaout’s statement that acquiring
customers is more important to him than
revenue and profits.
Only seven
brokers exceeded the average number of active clients per month above 100,000
in the last quarter of the previous year. If all their results were summed up,
they would collectively serve almost 1.4 million active FX/CFD traders.
This means
that one in four from the base of 5 million clients monthly is a client of XTB,
IC Markets, and five other companies.
Want to
find out what these companies are? Subscribe now to
the latest edition of the Quarterly Industry Report by Finance Magnates
Intelligence. You will find data on accounts and volumes of more than
50 largest FX/CFD brokers in the world, a range of proprietary indicators and
data, as well as analyses with expert comments.
From 3.9 to 5 million
investors
The data
shows that the number of monthly active traders has grown significantly over
the year, increasing
by almost 30% from 3.9 to 5 million. According to Sylwester Majewski, Head
of Intelligence at Finance Magnates, this is thanks to one particular market.
“Where
is this growth coming from? Emerging markets—especially in Asia—are fueling
expansion, as large, densely populated regions with evolving regulations
continue to drive opportunities,” Majewski commented.
The latest
metrics on the CFD industry can be found in our Quarterly Intelligence Reports.
This post is originally published on FINANCEMAGNATES.
