London-based derivatives platform Capital.com said on Thursday that client trading volume reached $1.13 trillion in Q2 2026, with Gold accounting for 42.4% of total platform volume, the largest share of any single instrument.
The Middle East was Capital.com’s biggest regional market, contributing 57.2% of Q2 volume. Gold represented 49.9% of regional activity there.
Total trades fell 23.2% quarter on quarter to 34.9 million, while average trade size rose 16.0% to $32,418 from $27,950 in Q1. The combination points to fewer tickets and larger average positions across the platform.
Capital.com said the quarter’s instrument mix was shaped by changing macro conditions. The Strait of Hormuz closure in April drove more activity into energy and Gold markets. With tensions easing in May, trading moved back toward equity indices, and the US Tech 100 became the second most traded instrument at 25.9% of platform volume. Gold prices then eased toward $4,000 per ounce in June as expectations of US rate hikes rose.
“What the Q2 data reflects is clients adjusting their market exposure as conditions changed,” said Kyle Rodda, Senior Market Analyst at Capital.com.
