Institutional forex trading takes place directly between two parties in an over-the-counter (OTC) market. Meaning there are no centralized exchanges (like the stock market), and the institutional forex market is instead run by a global network of banks and other organizations.
What platform is forex traded on?
A currency trading platform provides forex market access to traders. Some clients prefer brokerages and platforms that give them access to all asset classes and integrate trading into a single platform. Metatrader 4 (MT4) has become a de facto standard among forex trading platforms.
Where are most forex traders?
Although the UK and US remain by far the largest centres of Forex trading activity1, our modern trader report found that a third of online traders are based in Asia and the Middle East, which is over a million more than can be found in Europe and Northern America.
