According to recent data from the Bank for International Settlements (BIS), the United Kingdom is the largest hub for Forex trading, with an average daily turnover of over $2.8 trillion in 2021. This is followed by the United States, which accounts for around 16% of global Forex trading volume.
Other countries that are major players in the Forex market include Japan, Singapore, and Hong Kong, which together account for a significant share of global trading activity. These countries are known for their advanced financial infrastructure, regulatory frameworks, and expertise in Forex trading and investment.