The global forex trading market is worth $1.93 quadrillion. Put another way, this is 2.5X larger than the global GDP.
A forex broker, also known as a retail forex broker, buys and sells currencies on your behalf. The benefit of having a forex broker includes 24-hour market access and the ability to speculate on currency pairs all over the world.
A forex broker is a financial services company that provides traders access to a platform for buying and selling foreign currencies. Forex is short for foreign exchange. Transactions in the forex market are always between a pair of two different currencies. A forex broker may also know be as a retail forex broker or a currency trading broker.
Forex is estimated to trade around $5 trillion a day, with most trading concentrated on a few major pairs like the EUR/USD, USD/JPY, GBP/USD and AUD/USD. The forex market volume dwarfs the dollar volume of all the world's stock markets combined, which average roughly $200 billion per day.
The major players profiled in this report include:
• IC Markets
• FP Markets
• CMC Markets
• London Capital Group (LCG)
• Saxo Capital Markets
• XTB Online Trading
Global report caters to various stakeholders in Forex Brokers Market industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts. Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics. Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Forex Brokers market.
By type, the product can be split into
• Dealing Desk (DD)
• No Dealing Desk (NDD)
• Electric Communication Network (ECN)
• Straight Through Processing (STP)
By derivative, split into
• Interbank market
• Retail market
• Exchange traded futures market
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Forex Brokers market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Forex Brokers market in terms of revenue.
The report offers an exhaustive geographical analysis of the global Forex Brokers market, covering important regions, viz, North America, Europe, China and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.
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