Cloudflare Outage Costs CFD Brokers $1.6 Billion in Trading Volumes
A major Cloudflare outage on 18 November 2025 caused widespread website disruptions, with data revealing that average CFD brokers lost nearly $1.6 billion in trading volumes during the three-hour incident.
Key Takeaways
- Average CFD broker lost $1.58 billion in trading volume during outage
- Loss represents nearly 1% of monthly trading revenue
- Major brokers including Monaxa, Skilling, Xtrade, and FXPro affected
- Outage peaked between 2 PM and 4 PM GMT
Financial Impact on Brokerage Industry
According to FinanceMagnates data, the Cloudflare outage cost brokers an average of $1.58 billion in trading volumes. This represents approximately 0.91% of their monthly trading revenue, based on average monthly trading volumes of $174 billion.
The calculation excludes the top 10 CFD brokers who reported no outages. The remaining brokers showed monthly trading volumes ranging from $40 billion to $416 billion in Q3 2025.
Industry analysts note that these estimates might be partial, as traders often return to settle positions after such technical disruptions.
Brokers and Platforms Affected
Several major brokerage platforms experienced confirmed outages during the technical failure. Affected brokers included Monaxa, Skilling, Xtrade, and FXPro, whose websites displayed ‘internal server error’ messages.
The outage impacted numerous other major platforms including X (formerly Twitter), Spotify, OpenAI (ChatGPT), Perplexity, Amazon Web Services, Canva, and PayPal.
Cloudflare’s critical role in web infrastructure means any disruption affects multiple unrelated platforms simultaneously. The company provides services to enhance website speed and protect against digital attacks for thousands of organizations worldwide.
The outage intensity peaked between 2 PM and 4 PM GMT, with disruptions reported from 2 PM to 6 PM GMT across global markets.
