Large Banks/ Super banks:Since the spot Forex market is decentralized, the Forex exchange rates determined by the largest banks in the world. Based on the currencies supply and demand, they are generally making the bid and ask (spread) values. Some of the super banks are Deutsche bank, Barclays capital, city group etc.

Large commercial companies:Large commercial companies some part in the fx market for the purpose of doing business. All import and export company must exchange their other currencies in the foreign exchange market. Since the volume of commercial companies is much smaller than interbank market, almost this type of Forex market players deals with commercial banks for their transactions.

Central banks and Government:Central banks and governments, such as the Reserve bank of India, the Federal Reserve Bank, the bank of Japan, Bank of Canada, the European central bank, Bank of Australia and the Bank of England are on a regular basis come to on thefx market too. Just like companies, international trade payments, National Governments enter in the fx market for their operations and handling their Forex reserves. Central banks have changed the fx market when they modify bank interest rates to control inflation. Central bank doing this, they can change currency determination. Sometimes, central banks think that their currency price is too high or too low, so they start huge buy/sell operations to other exchange rates.

Retail traders: He retail Forex market refers to the currency trading activities of all the non-businesses, institutional traders, investors and other organizations. Owing largely to the introduction of on-line trading, the price associated with trading foreign currencies has fallen sharply. Many individual and business traders have entered the retail Forex market through on-line brokers rather than trading through bank desks or other proprietary trading firms.