If you’re asking how many forex traders in the world 2024?, the global number of active forex traders has reached an estimated 15 million, reflecting the continued growth of retail trading platforms, mobile apps, and financial education worldwide.

Global Forex Trader Estimates In 2024

Region	Estimated Traders
Asia-Pacific	5.5 million+
Europe	3.5 million+
Africa	1.5 million+
North America	1.3 million+
Latin America	1.2 million+
Middle East	1 million+
Global Total	~15 million+

These figures include both retail traders using platforms like MetaTrader and institutional participants such as hedge funds, asset managers, and banks.

Why The Number Has Grown In 2024

• Mobile apps and platforms like MetaTrader, TradingView, and cTrader
• Easy access to capital through funded accounts and low minimum deposits
• Global financial uncertainty driving interest in currency trading
• Education and mentorship growth, especially in Africa and Asia
• Prop firms and copy trading democratising access to trading tools

Fastest Growing Forex Communities

• India – Explosive growth despite restrictions, driven by education and tech-savvy youth
• Nigeria and South Africa – Leading forex activity in Africa
• Indonesia, Malaysia, and the Philippines – Major expansion due to mobile-first adoption
• Brazil and Mexico – Increasing access to online brokers and payment solutions

Retail Vs Institutional Traders

While institutions still dominate in terms of volume, retail traders account for approximately 5–7% of global daily turnover, equating to $300–500 billion per day.

Conclusion

In 2024, the number of forex traders in the world has surpassed 15 million, with Asia, Africa, and Latin America leading the charge in growth. With improved access, tools, and education, forex trading has never been more widespread or more accessible.

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