The Magnificent Seven: Meet the FX/CFD Brokers with Over 100K Monthly Active Clients

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Over thepast two years, the number of active CFD accounts worldwide has increased byalmost 30%, exceeding 5 million. However, according to data from FinanceMagnates Intelligence, only 7 out of more than 50 largest brokers in theindustry have crossed the threshold of 100,000.1 in 4 Active FX/CFDClients Traded With One of These 7 BrokersXTB ranksfirst, reaching 555,000 active monthly clients in Q4 2024. IC Markets, placedsecond, gathered three times fewer active clients (168,000), but on the otherhand, achieved much higher average monthly volumes.The datacould be summarized in one sentence: XTB is in a league of itsown. The publicly listed Polish fintech dominated the ranking in terms ofactive accounts. This aligns with CEO Omar Arnaout's statement that acquiringcustomers is more important to him thanrevenue and profits.Only sevenbrokers exceeded the average number of active clients per month above 100,000in 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 meansthat one in four from the base of 5 million clients monthly is a client of XTB,IC Markets, and five other companies.Want tofind out what these companies are? Subscribe now tothe latest edition of the Quarterly Industry Report by Finance MagnatesIntelligence. You will find data on accounts and volumes of more than50 largest FX/CFD brokers in the world, a range of proprietary indicators anddata, as well as analyses with expert comments.From 3.9 to 5 millioninvestorsThe datashows that the number of monthly active traders has grown significantly overthe year, increasingby almost 30% from 3.9 to 5 million. According to Sylwester Majewski, Headof Intelligence at Finance Magnates, this is thanks to one particular market."Whereis this growth coming from? Emerging markets—especially in Asia—are fuelingexpansion, as large, densely populated regions with evolving regulationscontinue to drive opportunities," Majewski commented.The latestmetrics on the CFD industry can be found in our Quarterly Intelligence Reports.This article was written by Damian Chmiel at www.financemagnates.com.