Forex Brokers Market to Reach $13,038.5 Billion Globally by 2032 at 10.9% CAGR
The global foreign exchange (forex) market is the largest and most liquid financial market in the world. Central to its operation are forex brokers, who serve as intermediaries between retail and institutional traders and the global currency exchange. According to a recent report by Allied Market Research, the forex brokers market is poised to reach $13,038.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 10.9% from 2023 to 2032. This exponential growth reflects the evolving dynamics of financial markets, rising adoption of digital trading platforms, and the increasing participation of retail investors across the globe. Key Market Drivers 1. Rising Popularity of Online Trading Platforms The increasing penetration of internet services and mobile technologies has significantly boosted the adoption of online trading platforms. Forex brokers now offer sophisticated platforms that provide real-time pricing...