The forex trading industry has experienced exponential growth in the last two decades, thanks to the advent of fast internet and smartphones. With more people seeking to trade in the forex market, the number of global forex brokers has also increased tremendously. While it's hard to get the exact numbers due to new brokers opening up almost every day and some old ones shutting down, it's estimated that there are thousands of forex brokers worldwide. The increase in forex brokers is a testament to the growing opportunities in the industry. As such, brokers are taking advantage of the rising demand to offer traders various services, including advanced trading platforms and educational resources. As the industry grows, traders can expect more brokerages to emerge, offering them more options.
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