Foreign exchange trading, often known as forex or FX, is the world’s largest financial market where currencies are bought and sold for profit. This global market is unmatched in its liquidity. In 2024, the forex trading landscape has significantly evolved due to technological advancements, global economic changes, and shifting market dynamics.

The daily trading volume in the forex market has reached an average of $6.6 trillion in 2024, demonstrating the market’s continued growth and liquidity. To operate confidently in this market, businesses need a license from regulatory authorities and must adhere to financial norms and standards. Brokerage companies must apply to the regulatory authority in their chosen jurisdiction, with requirements varying by country.