Three foreign exchange companies to buy

New entrants in the global foreign exchange market present opportunities for investors, says Bruce Packard

Foreign exchange illustration
(Image credit: Foreign exchange illustration)

Business doesn’t get much bigger than foreign exchange (forex): in 2020 roughly $20trn moved across borders.

The forex market used to be the preserve of banks, but in recent years specialist companies have sprung up, creating an opportunity for investors. Two key trends are responsible for this development.

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Bruce Packard
Contributor

Bruce is a self-invested, low-frequency, buy-and-hold investor focused on quality. A former equity analyst, specialising in UK banks, Bruce now writes for MoneyWeek and Sharepad. He also does his own investing, and enjoy beach volleyball in my spare time. Bruce co-hosts the Investors' Roundtable Podcast with Roland Head, Mark Simpson and Maynard Paton.