Essential things to know about broker operations

Basic statistics The rapid growth of Forex brokers began in 1999 as the United States was getting ready to allow retail investors to participate in brokered currency transactions. The foreign exchange “interbank market” existed, however, for many decades prior. Retail brokers channel the trading interest of an estimated 5-6 million Forex retail traders worldwide . Worldwide, Forex Datasource estimates that there are approximately 100 Forex broker dealers that have more than 1000 clients each.