Top brokers with forex extotic pairs

Forex pairs are categorized into three types: major pairs, minor pairs, and exotic pairs. Exotic currency pairs typically involve the currency of a developing country paired with a major currency, and they are known for having lower trading activity. Trading exotic pairs against currencies from developed countries can be costly due to the limited trading volume, and there are not many Forex brokers that offer exotic pairs. Therefore, it is crucial to choose reliable brokers, as the spreads for exotic pairs tend to be wide due to their lower liquidity. Experienced traders may find exotic pairs appealing, but for beginners they can be riskier due to the low trading volumes and higher spreads. Here is a list of top-tier Forex brokers with exotic pairs, providing a safer trading environment for traders
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.72
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.54
MT4MT5Copy tradingECNHigh leveragePAMMSTP
Regulations
CMA, Central Bank of Curaçao and Sint Maarten, CySEC +5 more
Platforms
MT4, MT5
9.36
AvaTrade read review
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.18
RoboForex read review
MT4MT5cTraderDeposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
FSC Belize
Platforms
MT4, MT5, cTrader +1 more
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
8.82
Fortrade read review
MT4No deposit bonusCopy tradingPAMMSignals
Regulations
ASIC, CySEC, FCA UK +2 more
Platforms
MT4, Custom
8.64
Pepperstone read review
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.46
High leverageSignals
Regulations
CNMV, FCA UK, KNF +1 more
Platforms
xStation
8.28
MT4MT5Copy tradingHigh leveragePAMM
Regulations
CIMA, CySEC, FCA UK
Platforms
MT4, MT5
Exotic pairs present unique trading opportunities for experienced traders who possess a deeper understanding of specific countries' economies and can identify potential openings. These opportunities can prove highly profitable, especially during economic crises and significant events in these countries. However, it is essential to note that trading exotics require caution and expertise. Forex brokers with exotic pairs must meet stringent regulatory standards and maintain a high level of reliability to safeguard traders from fraud and price manipulations. The trading of exotic pairs can be expensive due to lower liquidity, leading to wider spreads compared to minor and major pairs. Major pairs, such as EURUSD and GBPUSD, are highly liquid and actively traded pairs comprising currencies from developed countries, with the US Dollar as either the base or quote currency. Minor pairs, on the other hand, consist of currencies from developed countries, excluding the US Dollar. Examples of popular exotic pairs include EURTRY, EURZAR, and EURMXN, among others. Engaging in trades with exotic pairs requires careful consideration and advanced trading skills, as they can involve higher risks compared to major and minor pairs.

FAQs about Exotic Pairs

What are exotic pairs?

Exotic currency pairs in the Forex market are made of one thinly traded currency from an emerging market and one major currency, usually with low liquidity and higher spreads.

What are major pairs and exotic pairs?

Major pairs are highly traded currency pairs with high liquidity, low spreads, and consist of currencies of developed countries including the US Dollar. Exotics consist of one major pair and one thinly traded currency from an emerging market.

Are exotic pairs profitable?

Exotic pairs can be very profitable for experienced traders who can spot opportunities in emerging economies but can be highly risky for beginners due to low liquidity and high spreads.