Number of people trading Forex today

With the advent of the internet and software for online trading, the forex market has become accessible not only to banks and corporations, but also to ordinary internet users.

Today, anyone over 18 years of age and with sufficient funds to open a transaction can trade on the foreign exchange market.

The emergence of cryptocurrencies, some of which are also traded on Forex, has also added to the popularity of stock trading.

Therefore, many people have a natural question: how many traders are currently trading on the Forex currency market?

It seems like almost every second person is involved in stock trading these days, including small children and the elderly. Almost everyone I know has tried their hand at Forex or is currently trading.

Most large brokers claim to have a million or more clients trading with them, but if you count only the number of clients at the brokerage companies represented on our website, the number will exceed 10 million.

How many people actually trade Forex?

It's difficult to pinpoint the total number of traders, as not every market participant opens trades every day:

However, according to publicly available statistics, approximately 9 million traders participate in Forex trading daily, with the largest number of people coming from the following regions:

United States of America - 2,000,000 people

Europe – 1,800,000 people

Africa – 1,500,000 people

Asia – 4,400,000 people

In total, the figure comes to 9.7 million people, although there are no statistics for the countries of South America and some other regions, which is another billion people.

It can be said that the number of traders directly depends on factors such as internet development, population, and the popularity of exchange trading in the region.

Why do brokers declare a larger number of clients than they actually have?

If you count the clients of the brokers listed on our website, the total number of clients of these companies already exceeds 10 million. However, time-forex.com represents only a small fraction of the companies operating in this field.

Are brokers deceiving us by indicating the number of clients?

Most likely yes , but not as much as it might seem at first.

There are many reasons for this discrepancy in the figures:

• One trader can be registered with several brokers
• The statistics provided do not include traders trading in the stock and commodity markets
• Not every trader opens Forex trades every day
• Some clients invest in PAMM accounts and do not open trades themselves.
• Not all transactions are brought to the interbank market
• Statistics are not available for all countries

It's clear that all brokerage companies inflate their client numbers for advertising purposes. After all, 1 million clients inspires much more confidence than 900,000.  

The rapidly growing number of people trading forex is beneficial for market participants, as it increases the liquidity of exchange assets. This leads to lower commissions for opening trades and improved service quality.

It is predicted that the development of the Internet and the expansion of the range of services provided by stock brokers will lead to an increase in the number of people trading on Forex to 15 million per day by 2030.