Forex Brokers Market Report 2026

The forex brokers market size has grown strongly in recent years. It will grow from $5.28 trillion in 2025 to $5.8 trillion in 2026 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to growth of retail forex trading participation, expansion of global currency markets, development of electronic brokerage platforms, rising access to leverage products, increased availability of online trading education.

The forex brokers market size is expected to see strong growth in the next few years. It will grow to $8.42 trillion in 2030 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to increasing regulatory scrutiny on forex brokers, rising demand for transparent pricing models, expansion of AI-driven customer support tools, growing adoption of social trading platforms, increasing competition among online brokers. Major trends in the forecast period include increasing adoption of online and mobile trading platforms, rising focus on low-latency trade execution, growing demand for educational trading tools, expansion of multi-asset brokerage offerings, enhanced focus on regulatory compliance.

The increase in cross-border transactions is expected to drive the growth of the forex brokers market. Cross-border transactions involve financial exchanges between buyers and sellers located in different countries. This growth is fueled by globalization, expanded international trade, and advancements in digital payment technologies. Forex brokers are crucial for managing currency exchange and mitigating foreign exchange risks in cross-border transactions, ensuring efficient and cost-effective international payments and investments. For example, in August 2023, JPMorgan Chase & Co., a US-based investment banking firm, reported that cross-border payments are rising, with international transfers projected to grow by 5% annually until 2027. Consequently, the increase in cross-border transactions is boosting the forex brokers market.

Leading companies in the forex brokers market are focusing on technological innovations, such as foreign exchange platforms, to maintain a competitive edge. These platforms are online systems that facilitate currency trading by offering 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 firm, launched Universal FX, a new forex broker platform designed to manage execution across client portfolios and provide market-leading price transparency. Universal FX caters to various market segments, including investment managers, corporates, hedge funds, and wealth managers, and supports clients through the industry shift to T+1 settlement.

In July 2023, AT Global Markets LLC, a UK-based foreign exchange company, acquired Rakuten Securities Australia (RSA) for an undisclosed amount. This acquisition enhances AT Global Markets' presence in the Australian market and leverages RSA's established customer base and experienced team. Rakuten Securities Australia (RSA) is an Australia-based forex broker.

Major companies operating in the forex brokers market are Interactive Brokers Group Inc, IG Group Holdings plc, Saxo Bank AS, OANDA Corporation, CMC Markets plc, Plus500 Ltd, Pepperstone Group Ltd, Swissquote Group Holding SA, XTB SA, eToro Group Ltd, Admirals Group AS, City Index Ltd, Forex Club International LLC, HYCM Capital Markets Ltd, ThinkMarkets Group Ltd, FP Markets Group, AvaTrade Ltd, FxPro Group Ltd, TMGM Group Ltd, Octa Markets Inc.

North America was the largest region in the forex brokers market in 2025. The regions covered in the forex brokers market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the forex brokers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The forex brokers market includes revenues earned by entities by providing services such as commissions, overnight financing fees, premium research, advanced trading tools, and inactivity fees. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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