Forex Market in Japan or the World?
The retail Forex Market in Japan, is known to be one of the largest in the world.
Although its traditional service has been provided by “Market Making Brokers”, their long time service has surely attracted many traders and the market is growing continuously.
Today, 2 largest Japanese online Forex brokers DMMFX(DMM.com Securities Co.,Ltd) and GAITAME JAPAN CO., LTD have announced that they have opened over 550,000 live trading accounts over 10 years.
*The number excludes the the cancelled(disabled by clients’ requests) trading accounts.
According to the periodical reports published by FX brokers and financial institutions in Japan over the years, the number of trading accounts opened by largest Japanese FX brokers are about 300,000 to 500,000.
There are about dozens of FX brokers that provide services to JP traders in Japan, and the market has become even more competitive every year.
Foreign Forex brokers with over 1 million traders
Although the numbers published by Japanese brokers are impressive, there are online Forex brokers outside of Japan who report even large numbers.
Such as XM, has been officially known as the largest MT4 broker with over 1 million clients.
FBS, in Belize has just celebrated the 3 millionth client by giving away Free Gifts.
IronFX is also one of the largest brokers in Cyprus with over 1 million traders.
Have you checked the great FX brokers yet? Here is the current ranking of the FX brokers!