Quote from wealthideas on December 28, 2023, 9:07 pm

The forex industry has seen a lot of growth in recent years.

This is due to the increasing popularity of online trading and the rise of new brokers entering the market.

Here are some statistics that show the current state of the forex industry:

-There are currently over 1,200 registered forex brokers worldwide.

-The United States has the most registered brokers (39%), followed by Australia (15%), the United Kingdom (8%), and Canada (6%).

-The average daily trading volume in the global forex markets is estimated to be around $5 trillion.

-Of this, retail traders account for only about 5% ($250 billion).

-Institutional investors make up for 95% ($4.75 trillion)of all trades executed in Forex markets every day.