Forex Brokers Market Report 2024: Global Trading Trends and Regulatory Updates

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The new report published by The Business Research Company, titled Forex Brokers Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the forex brokers market size has grown strongly in recent years. It will grow from $4396.93 billion in 2023 to $4831.25 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The forex brokers market size is expected to see strong growth in the next few years. It will grow to $7071.85 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%.

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What Is Driving The Growth Of The Global Forex Brokers Market?

Growing Demand For Cross-Border Transactions Fuels Forex Broker Market Expansion
Rising cross-border transactions are expected to propel the growth of the forex brokers market going forward. Cross-border transactions refer to any financial transactions where the buyer and seller are located in different countries. Cross-border transactions are growing due to globalization, increased international trade, and advancements in digital payment technologies. Cross-border transactions use forex brokers to efficiently manage currency exchange and mitigate foreign exchange risk, ensuring smooth and cost-effective international payments and investments. For instance, in August 2023, according to JPMorgan Chase & Co., a US-based investment banking company, cross-border payments are on the rise, with international transfers expected to increase by 5% per year until 2027. Therefore, rising cross-border transactions are driving the growth of the forex brokers market.

What Is The Key Trend In The Global Forex Brokers Market?

Forex Brokers Leverage Technological Advancements To Gain Market Edge
Major companies operating in the forex brokers market are focusing on technological advancements, such as foreign exchange platforms, to gain a competitive edge in the market. Foreign exchange platforms are online systems that facilitate the trading of currencies, providing real-time market data, trading tools, and transaction execution for traders and investors. For instance, in October 2023, Bank of New York Mellon (BNY), a US-based investment banking company, launched Universal FX, a new forex broker platform that meets client needs to manage execution across their entire portfolio and access market-leading price transparency. Universal FX supports BNY Mellon clients across all market segments, such as investment managers, corporates, hedge funds, and wealth managers, as well as helping them navigate the industry transition to T+1 settlement.

How Is The Global Forex Brokers Market Segmented?
The forex brokers market covered in this report is segmented -

1) By Type: Currency Swap, Outright Forward and Foreign Exchange (FX) Swaps, Foreign Exchange (FX) Options
2) By Counterparty: Reporting Dealers, Financial Institutions, Non-Financial Customers
3) By Application: Enterprise, Individual

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How Is The Competitive Landscape Of The Global Forex Brokers Market?
Major companies operating in the forex brokers market are JPMorgan Chase & Co., Bank of America, Citigroup Inc., Wells Fargo & Company, BNP Paribas SA, The Goldman Sachs Group Inc., Union Bank of Switzerland, Barclays PLC, Deutsche Bank AG, FMR LLC, Charles Schwab & Co. Inc., BlackRock Inc., State Street Global Advisors Inc., The Vanguard Group Inc., TD Ameritrade Inc., Interactive Brokers Group Inc., IG Group Holdings plc, Lightspeed, Saxo Bank A/S, Bloomberg Industry Group Inc., Paymentus Holdings Inc., Angel One Limited, Zerodha Broking Ltd., Wealthfront Corporation, OANDA Corporation, Forex.com, OctaFx India Pvt. Ltd.

Contents Of The Global Forex Brokers Market
1. Executive Summary
2. Forex Brokers Market Report Structure
3. Forex Brokers Market Trends And Strategies
4. Forex Brokers Market - Macro Economic Scenario
5. Forex Brokers Market Size And Growth
…..
27. Forex Brokers Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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