Popularity of Forex Trading by Region

With over USD 6.6 billion traded daily and a global annualized value of USD 2.409 quadrillion, it is safe to say that forex trading has grown from the niche interest of a select group of traders to become a global retail investment phenomenon.

With a truly never closing market and increasingly sophisticated trading tools available, forex trading is at the crossroads of finance, technology and globalization in a way few other asset classes can claim.

However, some countries appear to have higher populations of active traders, while others show high levels of interest, but lower overall trading volumes. To better understand the global interest in forex and forex trading, we reviewed the data and arrived at some interesting insights.

Highest Daily Turnover Forex Trading

Who trades the most forex every day?

What We Measure

To find out which countries trade the most forex, we look at the average overall turnover in foreign exchange exchanges per day.

Top 10 Countries Forex Trading

1. United Kingdom – USD 1.6 trillion average daily turnover.
2. United States – USD 580 billion average daily turnover.
3. Hong Kong – average daily turnover of USD 417 billion.
4. Singapore – USD 340 billion average daily turnover.
5. Japan – USD 195 billion average daily turnover.
6. Switzerland – USD 161 billion average daily turnover.
7. France – USD 118 billion average daily turnover.
8. Germany – USD 96 billion average daily turnover.
9. China – USD 84 billion average daily turnover.
10. Others – average daily turnover of USD 6.6 trillion.

Conclusion

While the UK, with its friendly regulatory environment and status as a global financial center, occupies the top position in overall turnover, along with other developed economies, Jamaica shows the greatest interest in forex. In fact, the highest levels of forex search activity overall emerge from smaller, more dynamic developing economies.

Our Methodology

We reviewed our own internal data to identify the countries with the highest number of visitors to CompareForexBrokers.com. In this sample, we look at the search volume for popular forex-related keywords over the last twelve months. Our data is correct as of October 4, 2022.

Information about the volume of foreign exchange trading in a country is taken from reports published by the Bank of International Settlements (BIS) and Statista.

We calculate the percentage of people in a given country performing forex-related searches against the entire population to find the number of visitors to CompareForexBrokers.com and related searches per capita. Next, we normalize this figure per 10,000 people.

Finally, we rank each country based on forex engagement and forex trading.

DISCLAIMER: Our calculations are partially based on third party data. Furthermore, changes in the market may affect the accuracy of some of our information. As always, we will update this page periodically, but readers should note that information is accurate on the date we publish.