{
  "meta": {
    "title": "TradeTheDay Forex Trading Statistics Dataset - 2026 Edition",
    "snapshotDate": "2026-08-19",
    "totalBrokerRecords": 32,
    "sampleSize": 24,
    "excludedCryptoOnly": 8,
    "inclusionCriteria": "All forex and multi-asset broker brands with an active review or listing in the TradeTheDay broker database as of the snapshot date. Crypto-only exchanges are excluded.",
    "missingData": {
      "minDeposit": 0,
      "spreads": 1,
      "instruments": 0
    },
    "unit": "broker brands (legal entities are counted per brand where a brand operates multiple entities)",
    "note": "Recomputed by scripts/forex-stats-dataset.ts. Platform, deposit and spread fields are broker-advertised values, not measured execution data."
  },
  "brokerStudy": {
    "platformAdoption": {
      "mt4": {
        "count": 18,
        "pct": 75
      },
      "mt5": {
        "count": 15,
        "pct": 62.5
      },
      "ctrader": {
        "count": 5,
        "pct": 20.8
      },
      "tradingview": {
        "count": 9,
        "pct": 37.5
      },
      "multiPlatform": {
        "count": 23,
        "pct": 95.8,
        "definition": "two or more distinct platform products listed"
      }
    },
    "minimumDeposits": {
      "median": 75,
      "mean": 155,
      "zeroDepositBrokers": 6,
      "pctZeroDeposit": 25,
      "pctAtOrBelow25": 41.7,
      "pctAtOrBelow100": 79.2,
      "min": 0,
      "max": 2000
    },
    "advertisedSpreads": {
      "parsedCount": 23,
      "medianMinSpreadPips": 0,
      "pctAdvertisedRawOrZero": 50,
      "pctAdvertisedUnderHalfPip": 62.5
    },
    "regulation": {
      "distinctAuthorities": 18,
      "authorityList": [
        "ASIC",
        "BaFin",
        "CIMA",
        "Central Bank of Ireland",
        "CySEC",
        "DFSA",
        "Danish FSA",
        "FCA",
        "FSA",
        "FSC Mauritius",
        "FSCA",
        "IBC",
        "IFSC",
        "JFSA",
        "NFA/CFTC",
        "SCB",
        "SEC/FINRA",
        "VFSC"
      ],
      "fca": {
        "count": 16,
        "pct": 66.7
      },
      "asic": {
        "count": 19,
        "pct": 79.2
      },
      "cysec": {
        "count": 13,
        "pct": 54.2
      },
      "tier1": {
        "count": 20,
        "pct": 83.3,
        "definition": "at least one Tier 1 licence (FCA, ASIC, BaFin, etc)"
      },
      "tier3": {
        "count": 9,
        "pct": 37.5
      },
      "multiEntity": {
        "count": 22,
        "pct": 91.7,
        "definition": "two or more regulated entities listed"
      }
    },
    "instruments": {
      "median": 1100,
      "min": 100,
      "max": 71000
    },
    "brokers": {
      "medianFoundingYear": 2007,
      "oldest": 1974,
      "newest": 2026,
      "maxAdvertisedLeverage": 1000
    }
  },
  "external": {
    "bisHistorical": [
      {
        "year": 2010,
        "turnover": 3972.8,
        "note": "BIS Triennial survey, April 2010, net-net basis"
      },
      {
        "year": 2013,
        "turnover": 5356.6,
        "note": "BIS Triennial survey, April 2013, net-net basis"
      },
      {
        "year": 2016,
        "turnover": 5066.4,
        "note": "BIS Triennial survey, April 2016, net-net basis"
      },
      {
        "year": 2019,
        "turnover": 6580.9,
        "note": "BIS Triennial survey, April 2019, net-net basis"
      },
      {
        "year": 2022,
        "turnover": 7467.5,
        "note": "BIS Triennial survey, April 2022, net-net basis"
      },
      {
        "year": 2025,
        "turnover": 9595.5,
        "note": "BIS Triennial survey, April 2025, net-net basis"
      }
    ],
    "bisInstruments": [
      {
        "instrument": "FX swaps",
        "amount2022": 3797.7,
        "amount2025": 3985.7,
        "share2025": 42,
        "note": "Most traded instrument; share fell from 51% (2022)"
      },
      {
        "instrument": "Spot",
        "amount2022": 2085.3,
        "amount2025": 2957.1,
        "share2025": 31,
        "note": "Share up from 28% (2022)"
      },
      {
        "instrument": "Outright forwards",
        "amount2022": 1157.4,
        "amount2025": 1846.5,
        "share2025": 19,
        "note": "Share up from 15% (2022)"
      },
      {
        "instrument": "Options and other products",
        "amount2022": 303.3,
        "amount2025": 634.2,
        "share2025": 7,
        "note": "Turnover more than doubled; share up from 4% (2022)"
      },
      {
        "instrument": "Currency swaps",
        "amount2022": 123.8,
        "amount2025": 171.9,
        "share2025": 2,
        "note": "Stable share"
      }
    ],
    "bisCurrencies": [
      {
        "currency": "US dollar",
        "share2022": 88.4,
        "share2025": 89.2
      },
      {
        "currency": "Euro",
        "share2022": 30.6,
        "share2025": 28.9
      },
      {
        "currency": "Japanese yen",
        "share2022": 16.7,
        "share2025": 16.8
      },
      {
        "currency": "Sterling",
        "share2022": 12.9,
        "share2025": 10.2
      },
      {
        "currency": "Chinese renminbi",
        "share2022": 7,
        "share2025": 8.5
      },
      {
        "currency": "Swiss franc",
        "share2022": 5.2,
        "share2025": 6.4
      },
      {
        "currency": "Australian dollar",
        "share2022": 6.4,
        "share2025": 6.1
      },
      {
        "currency": "Canadian dollar",
        "share2022": 6.2,
        "share2025": 5.8
      },
      {
        "currency": "Hong Kong dollar",
        "share2022": 2.6,
        "share2025": 3.8
      },
      {
        "currency": "Singapore dollar",
        "share2022": 2.4,
        "share2025": 2.4
      }
    ],
    "bisPairs": [
      {
        "pair": "EUR/USD",
        "share2025": 21.2
      },
      {
        "pair": "USD/JPY",
        "share2025": 14.3
      },
      {
        "pair": "USD/CNY",
        "share2025": 8.1
      },
      {
        "pair": "USD/GBP",
        "share2025": 7.6
      },
      {
        "pair": "USD/CAD",
        "share2025": 5.3
      },
      {
        "pair": "USD/AUD",
        "share2025": 4.9
      },
      {
        "pair": "USD/CHF",
        "share2025": 4.9
      },
      {
        "pair": "USD/HKD",
        "share2025": 3.6
      }
    ],
    "bisCentres": [
      {
        "centre": "United Kingdom",
        "share2022": 38,
        "share2025": 37.8
      },
      {
        "centre": "United States",
        "share2022": 19.5,
        "share2025": 18.6
      },
      {
        "centre": "Singapore",
        "share2022": 9.5,
        "share2025": 11.8
      },
      {
        "centre": "Hong Kong SAR",
        "share2022": 7.1,
        "share2025": 7
      },
      {
        "centre": "Japan",
        "share2022": 4.4,
        "share2025": 3.5
      },
      {
        "centre": "Germany",
        "share2022": 1.9,
        "share2025": 3.1
      },
      {
        "centre": "Switzerland",
        "share2022": 3.6,
        "share2025": 2.9
      },
      {
        "centre": "France",
        "share2022": 2.2,
        "share2025": 1.9
      },
      {
        "centre": "Australia",
        "share2022": 1.5,
        "share2025": 1.6
      }
    ],
    "lossDisclosures": [
      {
        "broker": "Plus500",
        "entity": "Plus500UK Ltd",
        "regulator": "FCA (FRN 509909)",
        "disclosed": "76%",
        "url": "https://www.plus500.com/en-GB/",
        "retrieved": "2026-08-19",
        "note": "Homepage footer disclosure"
      },
      {
        "broker": "AvaTrade",
        "entity": "AvaTrade EU Ltd",
        "regulator": "Central Bank of Ireland (C53877)",
        "disclosed": "70%",
        "url": "https://www.avatrade.com/",
        "retrieved": "2026-08-19",
        "note": "Homepage footer disclosure"
      },
      {
        "broker": "GO Markets",
        "entity": "GO Markets Pty Ltd",
        "regulator": "ASIC",
        "disclosed": "70%",
        "url": "https://www.gomarkets.com",
        "retrieved": "2026-08-19",
        "note": "Homepage footer disclosure"
      },
      {
        "broker": "eToro",
        "entity": "eToro (Europe) Ltd",
        "regulator": "CySEC",
        "disclosed": "51%",
        "url": "https://www.etoro.com",
        "retrieved": "2026-08-19",
        "note": "Homepage disclosure, Cyprus-regulated entity"
      },
      {
        "broker": "Octa",
        "entity": "Octa Markets Cyprus Ltd",
        "regulator": "CySEC",
        "disclosed": "36%",
        "url": "https://octa.markets",
        "retrieved": "2026-08-19",
        "note": "Homepage disclosure, Cyprus-regulated entity"
      }
    ],
    "policyRates": [
      {
        "country": "United States",
        "bank": "Federal Reserve",
        "rate": 3.75,
        "updated": "29 Jul 2026",
        "url": "https://www.federalreserve.gov"
      },
      {
        "country": "United Kingdom",
        "bank": "Bank of England",
        "rate": 3.75,
        "updated": "30 Jul 2026",
        "url": "https://www.bankofengland.co.uk"
      },
      {
        "country": "Australia",
        "bank": "Reserve Bank of Australia",
        "rate": 4.35,
        "updated": "11 Aug 2026",
        "url": "https://www.rba.gov.au"
      },
      {
        "country": "Euro Area",
        "bank": "European Central Bank",
        "rate": 2.4,
        "updated": "23 Jul 2026",
        "url": "https://www.ecb.europa.eu"
      },
      {
        "country": "Canada",
        "bank": "Bank of Canada",
        "rate": 2.25,
        "updated": "15 Jul 2026",
        "url": "https://www.bankofcanada.ca"
      },
      {
        "country": "New Zealand",
        "bank": "Reserve Bank of New Zealand",
        "rate": 2.5,
        "updated": "8 Jul 2026",
        "url": "https://www.rbnz.govt.nz"
      },
      {
        "country": "China",
        "bank": "People's Bank of China",
        "rate": 3,
        "updated": "20 Jul 2026",
        "url": "https://www.pbc.gov.cn"
      },
      {
        "country": "Japan",
        "bank": "Bank of Japan",
        "rate": 1,
        "updated": "31 Jul 2026",
        "url": "https://www.boj.or.jp"
      },
      {
        "country": "Switzerland",
        "bank": "Swiss National Bank",
        "rate": 0,
        "updated": "18 Jun 2026",
        "url": "https://www.snb.ch"
      }
    ],
    "stats": [
      {
        "id": "global-fx-turnover-2025",
        "category": "market-size",
        "claim": "Global OTC FX turnover averaged $9.6 trillion per day in April 2025",
        "value": 9.6,
        "unit": "trillion USD per day",
        "measurement_period": "April 2025",
        "publication_date": "2025-09-30",
        "source_name": "BIS Triennial Central Bank Survey 2025",
        "source_url": "https://www.bis.org/statistics/rpfx25_fx.htm",
        "source_type": "primary",
        "primary_source": true,
        "geography": "Global (52 jurisdictions)",
        "methodology_notes": "Net-net basis, all FX instruments, daily averages in April 2025; 1,100+ reporting dealers.",
        "limitations": "Preliminary results released Sep 2025; final turnover data released Dec 2025.",
        "retrieved_at": "2026-08-19",
        "confidence": "high",
        "proprietary": false
      },
      {
        "id": "fx-growth-2022-2025",
        "category": "market-size",
        "claim": "Global OTC FX turnover rose 28% between April 2022 and April 2025",
        "value": 28,
        "unit": "percent growth",
        "measurement_period": "April 2022 to April 2025",
        "publication_date": "2025-09-30",
        "source_name": "BIS Triennial Central Bank Survey 2025",
        "source_url": "https://www.bis.org/statistics/rpfx25_fx.htm",
        "source_type": "primary",
        "primary_source": true,
        "geography": "Global",
        "methodology_notes": "From $7.5 trillion (2022) to $9.6 trillion (2025), net-net basis.",
        "limitations": "Survey coincided with elevated FX volatility after April 2025 trade policy announcements.",
        "retrieved_at": "2026-08-19",
        "confidence": "high",
        "proprietary": false
      },
      {
        "id": "retail-share-turnover",
        "category": "retail",
        "claim": "Retail-driven turnover is about 2.5% of global FX turnover (about $242 billion per day in April 2025)",
        "value": 2.5,
        "unit": "percent of global turnover",
        "measurement_period": "April 2025",
        "publication_date": "2026-06",
        "source_name": "BIS Triennial Survey 2025, final data (June 2026 release)",
        "source_url": "https://www.bis.org/statistics/rpfx25_fx_annex.pdf",
        "source_type": "primary",
        "primary_source": true,
        "geography": "Global",
        "methodology_notes": "Retail-driven turnover item, net-net basis. Was $192bn/day (2.6%) in April 2022.",
        "limitations": "Retail share is small; do not conflate retail turnover with total OTC turnover.",
        "retrieved_at": "2026-08-19",
        "confidence": "high",
        "proprietary": false
      },
      {
        "id": "fca-cfd-holders",
        "category": "demographics",
        "claim": "0.7% of UK adults held CFDs, spread bets or rolling spot forex in May 2024 (about 380,000 people)",
        "value": 0.7,
        "unit": "percent of UK adults",
        "measurement_period": "May 2024",
        "publication_date": "2025-05-16",
        "source_name": "FCA Financial Lives May 2024 survey",
        "source_url": "https://www.fca.org.uk/financial-lives/financial-lives-2024",
        "source_type": "primary",
        "primary_source": true,
        "geography": "United Kingdom",
        "methodology_notes": "Survey of 17,950 UK adults; CFDs include spread betting and rolling spot forex.",
        "limitations": "UK only; trading-app users are a broader group than forex traders.",
        "retrieved_at": "2026-08-19",
        "confidence": "high",
        "proprietary": false
      },
      {
        "id": "fca-trading-apps",
        "category": "demographics",
        "claim": "3% of UK adults (about 1.6 million) used a trading app in May 2024; 47% of app users were aged 18-34",
        "value": 3,
        "unit": "percent of UK adults",
        "measurement_period": "May 2024",
        "publication_date": "2025-05-16",
        "source_name": "FCA Financial Lives May 2024 survey",
        "source_url": "https://www.fca.org.uk/publication/financial-lives/financial-lives-survey-2024-key-findings.pdf",
        "source_type": "primary",
        "primary_source": true,
        "geography": "United Kingdom",
        "methodology_notes": "8% of trading-app users traded forex in the prior 12 months; 11% used social/copy-trading features.",
        "limitations": "App users include stock and crypto traders.",
        "retrieved_at": "2026-08-19",
        "confidence": "high",
        "proprietary": false
      },
      {
        "id": "algo-execution-share",
        "category": "ai-algo",
        "claim": "About 59% of global FX turnover was executed electronically in April 2025 (vs 60% in April 2022)",
        "value": 59,
        "unit": "percent of turnover",
        "measurement_period": "April 2025",
        "publication_date": "2025-12",
        "source_name": "BIS Quarterly Review, December 2025, Box B",
        "source_url": "https://www.bis.org/publ/qtrpdf/r_qt2512.pdf",
        "source_type": "primary",
        "primary_source": true,
        "geography": "Global",
        "methodology_notes": "Electronic direct and indirect execution methods combined.",
        "limitations": "Electronic execution is not the same as algorithmic execution.",
        "retrieved_at": "2026-08-19",
        "confidence": "high",
        "proprietary": false
      },
      {
        "id": "algo-spot-share",
        "category": "ai-algo",
        "claim": "Execution algorithms account for roughly 10-20% of daily spot FX volume in major currencies (BIS Markets Committee, 2020)",
        "value": "10-20",
        "unit": "percent of spot volume",
        "measurement_period": "2020",
        "publication_date": "2020-10-30",
        "source_name": "BIS Markets Committee Papers No 13",
        "source_url": "https://www.bis.org/publ/mktc13.htm",
        "source_type": "primary",
        "primary_source": true,
        "geography": "Global, major currencies",
        "methodology_notes": "Institutional execution algos only; about $200-400 billion per day.",
        "limitations": "Institutional measure from 2020; no comparable retail EA share is published.",
        "retrieved_at": "2026-08-19",
        "confidence": "high",
        "proprietary": false
      }
    ],
    "fredAverages": [
      {
        "pair": "EUR/USD",
        "dp": 4,
        "years": {
          "2022": 1.0534,
          "2023": 1.0817,
          "2024": 1.082,
          "2025": 1.1306,
          "2026": 1.1624
        }
      },
      {
        "pair": "USD/JPY",
        "dp": 2,
        "years": {
          "2022": 131.4589,
          "2023": 140.5001,
          "2024": 151.4551,
          "2025": 149.5686,
          "2026": 158.7563
        }
      },
      {
        "pair": "GBP/USD",
        "dp": 4,
        "years": {
          "2022": 1.2371,
          "2023": 1.244,
          "2024": 1.2781,
          "2025": 1.3192,
          "2026": 1.3446
        }
      },
      {
        "pair": "USD/CNY",
        "dp": 4,
        "years": {
          "2022": 6.729,
          "2023": 7.0809,
          "2024": 7.1957,
          "2025": 7.1875,
          "2026": 6.8428
        }
      },
      {
        "pair": "USD/CHF",
        "dp": 4,
        "years": {
          "2022": 0.955,
          "2023": 0.8984,
          "2024": 0.8808,
          "2025": 0.8305,
          "2026": 0.7917
        }
      },
      {
        "pair": "USD/CAD",
        "dp": 4,
        "years": {
          "2022": 1.3014,
          "2023": 1.3494,
          "2024": 1.3699,
          "2025": 1.3973,
          "2026": 1.3834
        }
      },
      {
        "pair": "AUD/USD",
        "dp": 4,
        "years": {
          "2022": 0.6951,
          "2023": 0.6644,
          "2024": 0.6597,
          "2025": 0.645,
          "2026": 0.7023
        }
      }
    ]
  }
}