EC Markets recorded the highest average monthly tradingvolume of any broker in FM Intelligence's Q2 2026 report, at$2.11 trillion. The figure, based on data the broker reports to FMIntelligence, placed EC Markets at the top of the quarterly ranking and markedanother step up from the $1.71 trillion monthly average it posted in the firstquarter.EC Markets was not alone above the $2 trillion line. TMGM, the Sydney-basedbroker, reported an average monthly volume of $2.03 trillion, and the two firmsbecame the first pair to clear that mark in the same quarter, according to FMIntelligence.Two Brokers Above $2 Trillion for the First TimeThe data has been building toward the milestone for severalquarters. FM Intelligence's Q1 2026 report recorded thefirst time a single broker in the tracked group crossed $2 trillion inaverage monthly volume. Three months later, two firms have done it at once.EC Markets, a multi-asset broker set up in 2012, said itstotal trading volume reached $6.34 trillion for the quarter, up 23.6% from theprevious three months, with active traders numbering about 322,000. Thosefigures are the company's own and have not been independently audited.EC Markets Moves to the Front of a Reshuffling Top TierThe order at the top has changed quickly. In the fourthquarter of 2025, EC Markets and TMGM sat at $1.49 trillion and $1.39 trillionin monthly volume, with JustMarkets close behind at $1.24 trillion, FMIntelligence's comparison of the sector found. IC Markets had long held theleading position among the tracked brokers.Two quarters on, EC Markets has moved ahead and TMGM hasfollowed it past $2 trillion. EC Markets' own progression tracks the climb,from a record$5.13 trillion in Q1 quarterly volume to the current figure.FM Intelligence widened its BrokerVolumes dataset to 265 firms this year, a cohort that logged $84.5 trillionin trading volume and 17.7 million active accounts over the year through Q2.The largest names have gained ground even as the number of tracked brokers hasgrown.Industry-Wide Volumes Slip From the RecordEC Markets' climb ran against the wider trend. Volumesacross the tracked brokers fell to $30.45 trillion, down from the record $33.5trillion in the previous quarter, the first pullback after a runof record readings in early 2026.The decline followed a stretch in which retail FX and CFDactivity had set fresh highs across volume and account totals, with severalbrokers crossing the $1 trillion mark in a single quarter for the firsttime last year.Volume Data Moves From the Quarterly PDF to a Live FeedThe Q2 numbers appear in the final PDF edition of the FinanceMagnates Quarterly Intelligence Report, which the company is retiring infavor of a rolling data service.Broker volumes, rankings, market analysis and industryinsights are moving to the FinanceMagnates Data Lab, where the figures update on an ongoing basis rather thanonce a quarter.This article was written by Damian Chmiel at www.financemagnates.com.