Forex Awards Best Forex Nominations: Global Awards & Stats

Every year, forex awards ceremonies shine a light on the industry’s best brokers, but the numbers tell a different story for the traders themselves. While awards like the Global Forex Awards and World Finance Forex Awards celebrate excellence, the odds of retail trading success remain brutally low. This piece bridges those two worlds—showing what the awards actually recognize and what real trading statistics reveal about your chances of winning.

Percentage of day traders who lose money: 90% – 97% ·
Profit made by one trader in 28 minutes: $2.4 million ·
Net worth of the richest forex trader (George Soros): Over $8 billion ·
Global Forex Awards established: 2019

Four quick facts that set the stage:

What Are the Global Forex Awards?

The Global Forex Awards are industry accolades that recognise retail forex brokers across multiple categories. The brand claims to have received over 200,000 public votes and recognised more than 400 companies to date Global Forex Awards (industry awards organiser). The awards are run separately from the World Finance Forex Awards, which focus on both global and regional categories.

Which brokers have won World Finance Forex Awards?

A handful of brokers stood out in the 2024 World Finance Forex Awards World Finance (financial publication):

• XMTrading – FX Broker of the Year and Best FX Broker, Asia
• FBS – Best Introducing Broker Programme
• Garnet Trade FX – Best MT5 Broker
• EBC Financial Group – Most Trusted FX Broker and Best CFD Broker
• Just2Trade – Best Mobile Trading Platform
• FPM Global – Best Affiliate Program, Asia
• PrimeXBT – Fastest Growing CFD Broker, South Africa
• Trading.com – Fastest Growing FX Broker, USA
• MiTrade – Most Sustainable FX Platform

How do brokers get nominated for forex awards?

Both award programmes rely heavily on self-nomination and public voting. For the 2024 Global Forex Awards – B2B, Holiston Media Ltd noted that “following weeks of intense self-nominations and industry-wide voting,” winners emerged from nearly 90 business entries and thousands of votes cast GCEX (regulated crypto trading broker). The World Finance awards operate on a similar model, with an editorial panel reviewing nominations before publishing the final list.

The implication: Award-winning brokers may be market leaders in features and support, but that doesn’t guarantee better trading outcomes.

Who Is the Greatest Forex Trader Ever?

The title is subjective, but one name comes up again and again: George Soros. In 1992, he famously made $1 billion in a single day by betting against the British pound, cementing his legend.

Who are the top 5 traders?

Beyond Soros, several other traders have built enduring reputations:

• Stanley Druckenmiller – managed the Quantum Fund and was a key part of Soros’s 1992 trade.
• Bill Lipschutz – turned $12,000 into $250,000 in less than three years as a Salomon Brothers currency trader.
• Andrew Krieger – famously shorted the New Zealand dollar in 1987, making millions in a single trade.
• George Soros – still the most recognisable name with a net worth exceeding $8 billion.

Is there a billionaire forex trader?

Yes—George Soros is widely considered the richest forex trader. His wealth, built through decades of currency speculation and hedge fund management, places him comfortably in billionaire territory. However, his primary vehicle was the Quantum Fund, not individual retail trading.

The pattern: Institutional success requires capital and infrastructure beyond retail reach, reinforcing the gap between the industry’s heroes and typical traders.

Is It Possible to Make $1000 a Day in Forex?

Yes, it is technically possible, but the statistical odds are steep. A trader with a $100,000 account aiming for 1% daily return risks huge drawdowns. Skilled traders might average 10% per month, but that is rare and comes with extreme volatility.

How much money do day traders with $100,000 accounts make per day on average?

Most studies show that even experienced day traders earn modest, inconsistent returns. The 90% failure rate applies to accounts of any size. A $100,000 account may earn $200–$500 on good days but lose $500–$1,000 on bad ones, making $1,000/day a distant target for all but the top 1%.

What this means: The daily $1,000 target is a marketing magnet, not a realistic benchmark for most retail accounts.

What Is the 90% Rule in Forex?

The “90% rule” is a shorthand for the widely observed failure rate among retail forex traders: approximately 90% lose money within their first year. Some studies push the figure as high as 97% for day traders.

Do 90% of day traders fail?

Consistent findings from broker disclosures and academic research indicate that a large majority of day traders lose money. The exact percentage varies by market and timeframe, but the consensus sits between 90% and 97%.

Do 97% of day traders lose money?

That higher figure is often cited for extreme day trading strategies—especially those involving high leverage and very short holding periods. While not universally accepted, it underscores the brutal reality of retail forex.

The catch: The same brokers that win service awards are the ones whose clients statistically lose, highlighting the business model’s dependence on trader turnover.

How Did One Trader Make $2.4 Million in 28 Minutes?

This extreme outlier event occurred during a flash crash, when a sudden, sharp price move allowed a trader with a highly leveraged position to profit massively in a matter of minutes. The trade was not a repeatable strategy—it was a once-in-a-lifetime confluence of market chaos and fast execution.

High leverage amplifies gains and losses. The same trade could have resulted in a complete wipeout. For retail traders, chasing such “home runs” is a fast track to the 90% failure statistic.

The implication: Flash-crash profits are outliers that reinforce the market’s volatility, not a path to reliable income.

Timeline: Key Moments in Forex Awards and Trading

• 1992 – George Soros makes $1 billion in one day trading forex.
• 2019 – Global Forex Awards launched.
• 2020 – Global Forex Awards winners announced.
• 2022 – Forex awards best forex nominations 2022.
• 2024 – World Forex awards 2024 upcoming (B2B winners revealed June 7, 2024 PR Newswire UK (press release distribution)).

Clarity Check: What’s Confirmed vs What’s Unclear

Quotes from the Industry

“Following weeks of intense self-nominations and industry-wide voting, we are excited to reveal the winners of this year’s Global Forex Awards.”

— Holiston Media Ltd, organisers of the Global Forex Awards

“GCEX is delighted to have won Best Crypto CFD Liquidity Provider for a third consecutive year at the Global Forex Awards – B2B 2024.”

— GCEX, via press release

The voice from the industry is clear: awards are a badge of honour for brokers, but they say nothing about whether traders themselves are making money. The disconnect between trophy wins and trader losses is the story of the forex industry.

The most competitive brokers are selected through a rigorous voting process, as highlighted by the Global Forex Awards nominations that rank top traders and platforms by performance.

Frequently Asked Questions

For traders in the US or EU, the choice is clear: use award lists as a filter, but verify regulation with your local authority (e.g., CFTC, FCA, CySEC) and always practice risk management. Awards celebrate the broker—your success depends on your strategy.