The foreign currency exchange market really took of in the 1970s. Today, it is the largest market in the financial world. Loosened regulations and technology enable customer base to grow, and it now includes individual investors not associated with financial institutions. These individual investors are able to access the market from even the most remote places in the world. The community of online traders is almost 10 million strong. While majority of them are in Asia, North America and Europe, every continents in the world has a strong representation.
- There are a million more traders in Asia and the Middle East than in Europe and North America combined.
- In the Middle East, one in every 152 internet users is a trader, compared to one in 213 in the US.
- There are far more online traders in the UK than in any other European country.
“The industry is global, with many brokers obtaining permission from various regulators around the world, or taking advantage of passporting arrangements to promote their services in jurisdictions outside of their country of domicile.”
Read more: https://brokernotes.co/forex-traders-map/