Forex Trading Popularity By Region
With over USD 7.5 billion traded every day and a global annual value of USD 1.93 quadrillion (see our Forex Trading Statistics), it’s safe to say that forex trading has grown from a niche interest of a select group of traders to a global retail investment phenomenon.
With markets that literally never close and ever more sophisticated trading tools available, forex trading sits at the intersection between finance, technology, and globalization in a way that few other asset classes can claim.
Some countries, however, seem to have a higher population of active traders, while others show high levels of interest, but lower overall trading volumes. To better understand the global interest in forex and forex trading, we reviewed the data and arrived at some intriguing insights.
Which Country Searches Most For Forex?
The United States records the highest number of forex searches, at 84,400. Total forex searches by country are measured, not trader counts. When adjusted for population, Jamaica leads, with 2,290 searches representing 0.08% of its population. Forex awareness across the top ten countries is plotted.
Highest Number of Forex Searches
Where in the world do people do the most research on how to trade forex? Terms We Reviewed, Forex Brokers, Forex Trading
KEY
- Rank
- Country
- Total Forex Searches
- Total Forex Searches Per 10,000 Population
- Number of Forex Searches as % of Population
 |  |  |  |  |  |
|---|---|---|---|---|---|
| 1 | Jamaica | 2,988,766 | 2290 | 0.08% | 8 |
| 2 | Singapore | 5,949,403 | 4490 | 0.08% | 8 |
| 3 | Cyprus | 1,226,256 | 790 | 0.06% | 6 |
| 4 | South Africa | 60,936,840 | 39200 | 0.06% | 6 |
| 5 | United Arab Emirates | 10,150,266 | 5300 | 0.05% | 5 |
| 6 | United Kingdom | 68,649,066 | 32,400 | 0.05% | 5 |
| 7 | Australia | 26,142,549 | 12,010 | 0.05% | 5 |
| 8 | New Zealand | 4,906,611 | 2220 | 0.05% | 5 |
| 9 | Canada | 38,456,142 | 14390 | 0.04% | 4 |
| 10 | Malaysia | 33,269,354 | 11880 | 0.04% | 4 |
| 11 | Ireland | 5,057,474 | 1580 | 0.03% | 3 |
| 12 | Netherlands | 17,215,421 | 5240 | 0.03% | 3 |
| 13 | Kenya | 56,409,260 | 15530 | 0.03% | 3 |
| 14 | United States | 332,403,650 | 84,400 | 0.03% | 3 |
| 15 | Sweden | 10,234,328 | 2090 | 0.02% | 2 |
| 16 | Philippines | 112,762,035 | 20890 | 0.02% | 2 |
| 17 | Switzerland | 8,790,714 | 1510 | 0.02% | 2 |
| 18 | Ghana | 32,513,511 | 5280 | 0.02% | 2 |
| 19 | Belgium | 11,697,324 | 1840 | 0.02% | 2 |
| 20 | Hong Kong | 7,628,011 | 1090 | 0.01% | 1 |
| 21 | Greece | 10,316,662 | 1450 | 0.01% | 1 |
| 22 | Italy | 60,274,561 | 8220 | 0.01% | 1 |
| 23 | Sri Lanka | 21,604,889 | 2480 | 0.01% | 1 |
| 24 | Indonesia | 279,790,914 | 30984 | 0.01% | 1 |
| 25 | Portugal | 10,134,295 | 1080 | 0.01% | 1 |
| 26 | Nigeria | 217,595,628 | 23,180 | 0.01% | 1 |
| 27 | Romania | 18,970,622 | 1950 | 0.01% | 1 |
| 28 | Czechia | 10,751,155 | 1030 | 0.01% | 1 |
| 29 | Germany | 84,354,428 | 7970 | 0.01% | 1 |
| 30 | Bulgaria | 6,839,805 | 610 | 0.01% | 1 |
| 31 | France | 65,580,372 | 5260 | 0.01% | 1 |
| 32 | Israel | 8,952,406 | 660 | 0.01% | 1 |
| 33 | Morocco | 37,861,446 | 2010 | 0.01% | 1 |
| 34 | Thailand | 70,172,346 | 3700 | 0.01% | 1 |
| 35 | Colombia | 52,058,318 | 2740 | 0.01% | 1 |
| 36 | Spain | 46,793,089 | 2370 | 0.01% | 1 |
| 37 | Pakistan | 230,384,885 | 10970 | 0.00% | 0 |
| 38 | Tanzania | 63,584,328 | 3020 | 0.00% | 0 |
| 39 | India | 1,409,351,857 | 63400 | 0.00% | 0 |
| 40 | Poland | 37,759,224 | 1490 | 0.00% | 0 |
| 41 | Saudi Arabia | 36,002,781 | 1340 | 0.00% | 0 |
| 42 | Turkey | 86,306,447 | 3030 | 0.00% | 0 |
| 43 | Vietnam | 99,189,646 | 2510 | 0.00% | 0 |
| 44 | Ukraine | 43,186,133 | 960 | 0.00% | 0 |
| 45 | Mexico | 131,867,591 | 2910 | 0.00% | 0 |
| 46 | Bangladesh | 168,239,568 | 3110 | 0.00% | 0 |
| 47 | Japan | 125,663,940 | 1620 | 0.00% | 0 |
| 48 | Egypt | 106,600,388 | 1350 | 0.00% | 0 |
| 49 | Iran | 86,334,845 | 0 | 0.00% | 0 |
| 50 | China | 1,451,178,099 | 0 | 0.00% | 0 |
Highest Daily Turnover Forex Trade
Who’s trading the most forex every day?
What We Measured
To discover which countries trade the most forex, we looked at the overall average turnover in foreign exchange swaps per day.
United Kingdom
USD 1.6 trillion
average daily turnover.
United States
USD 580 billion
average daily turnover.
Hong Kong
USD 417 billion
average daily turnover.
Singapore
USD 340 billion
average daily turnover.
Japan
USD 195 billion
average daily turnover.
Switzerland
USD 161 billion
average daily turnover.
France
USD 118 billion
average daily turnover.
Germany
USD 96 billion
average daily turnover.
china
USD 84 billion
average daily turnover.
Other Countries
USD 6.6 billion
average daily turnover.
Highest Daily Turnover Forex Trade
Who’s trading the most forex every day?
What We Measured
To discover which countries trade the most forex, we looked at the overall average turnover in foreign exchange swaps per day.
Top 10 Forex Trading Countries
- United Kingdom, USD 1.6 trillion average daily turnover.
- United States, USD 580 billion average daily turnover.
- Hong Kong, USD 417 billion average daily turnover.
- Singapore, USD 340 billion average daily turnover.
- Japan, USD 195 billion average daily turnover.
- Switzerland, USD 161 billion average daily turnover.
- France, USD 118 billion average daily turnover.
- Germany, USD 96 billion average daily turnover.
- China, USD 84 billion average daily turnover.
- Others, USD 6.6 trillion average daily turnover.
Conclusion
While the United States, with its friendly regulatory environment and status as a global financial hub, takes the top spot in overall turnover, together with other developed economies, Jamaica shows the most interest in forex. In fact, the overall highest level of forex search activity arises from smaller, more dynamic developing economies. As a side note, the United States has more forex brokers founded relative to its population than any other country in this data.
Our Methodology
We reviewed our own internal data to identify countries with the highest number of CompareForexBrokers.com visitors. Within this sample, we looked at search volume for popular forex-related keywords for the past twelve months. Our data is correct as of 1st of September 2026.
Information about the volume of forex trading in a given country was taken from reports published by the Bank of International Settlements (BIS) and Statista.
We calculated the percentage of people in a given country performing forex-related searches against the overall population to find the number of CompareForexBrokers.com visitors and related searches per capita. Next, we normalized this number per 10,000 people.
Finally, we ranked each country on the basis of forex engagement and forex quantities traded.
A narrower question in the same set is answered on Guide To Forex Trading Malaysia.
DISCLAIMER: Our calculations are based in part on third-party data. Further, changes in the market may impact the accuracy of some of our information. As always, we will update this page at regular intervals, but readers should be aware that information is accurate as of the date we publish.
About the author
Justin Grossbard is the CEO & Co-Founder of CompareForexBrokers established in 2014, along with Noam Korbl and works as Strategic Head Of Research.
Our reviews are reader-supported. We may receive payment when you click a link to a partner site. Learn how we make money.