which country trades forex the most

[scott11]

The USA invented contemporary forex market, followed by EU and UK. On the other side, technology development was highest in these countries. However, with rise of China and India, I cannot be sure anymore which country has highest number of traders.

 

[John perry]

interesting topic along with those that trade and those that scam is a big difference and if you are looking at small traders like us or big institutions

 

[colinmunroo]

USA - The USD makes up 85% of forex trading volume

 

[Stizza]

It's not the last time I checked. I think most of the traders from India use alternate payment systems and mostly offshore brokers.

Is the same for Malaysia?

 

[ishan agarwal]

The following countries are traditionally known for having significant Forex trading activity:
United Kingdom (London
United States (New York)
Japan (Tokyo)
Singapore
Switzerland (Zurich)
Hong Kong

 

[kabir anand]

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.