Generally speaking, anyone who conducts trading activities in the foreign exchange market can be defined as a participant in the foreign exchange market. However, the main participants in the foreign exchange market are as follows: foreign exchange banks, government or central banks, foreign exchange brokers and customers.

1. Foreign exchange bank. Foreign exchange banks are the primary participants in the foreign exchange market, including professional foreign exchange banks and some large commercial banks designated by the central bank without foreign exchange trading departments.

2. Central Bank. The central bank is the ruler or supervisor of the foreign exchange market.

3. Foreign exchange broker. Foreign exchange brokers are intermediaries between the central bank, foreign exchange banks and customers, and they have very close ties with banks and customers.

4. customers. In the foreign exchange market, all companies or individuals who conduct foreign exchange transactions in foreign exchange banks are customers of foreign exchange banks.