An exotic currency pair is a cross currency between a major currency and any other currency in an emerging economy or developing country.。In other words, exotic currency pairs involve a cross between the local currency of a country with a smaller economy (e.g., the Turkish lira) and the currency of a country with a larger economy (usually the U.S. dollar).。

Bizarre currency pairs are ideal for long-term holding, providing long-term investment opportunities for swing traders。Here are the most popular foreign currency pairs on the Forex market:

• EUR Euro / TRY Turkish Lira
  EUR Euro / HUF Hungarian Forint
  EUR Euro / PLN Polish Zloty
  USD USD / SEK Swedish Krona
  USD USD / NOK Norwegian Krone
• USD USD / CNH Offshore RMB
  USD USD / CZK Czech Koruna
  USD USD / RUB Russian Ruble
  USD USD / SGD Singapore Dollar
  USD USD / ZAR South African Rand
  USD USD / MXN Mexican Peso
  USD USD / TRY Turkish Lira
  USD USD / HUF Hungarian Forint
  USD USD / DKK Danish Krone
  USD USD / HKD

Novice traders may be attracted to foreign currency pairs due to volatility, but trading in foreign currencies is not recommended due to higher risk。

Still, many forex brokers support exotic currency pairs in order to give their clients more choice。But because exotic currency pairs are known for their extreme volatility and low liquidity (compared to major currency pairs and cross-currency pairs), they usually provide high spreads.。

If trading exotic currency pairs is in line with your choice, it would be wise to choose a broker that offers low spread services。Some of the low spread brokers for exotic currency pairs include:

IC Markets

IC Markets is a reputable broker known for its low spreads and educational content, highly recommended for beginners, and also offers a variety of exotic currency pairs for interested traders to choose from.。Some of the available foreign currency pairs include USD / SEK, USD / DKK and USD / NOK。

The minimum spread of exotic currency pairs in standard accounts can be as low as 1 point.。In addition to this, traders can take advantage of IC Markets' low transaction fees, impressive 24 / 7 technical support, and a structured archive of course materials to improve their chances of profiting on the exotic currency pairs they trade.。

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IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。

IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

FBS

The broker offers the lowest spreads in the industry while providing high leverage. It is an ECN broker with competitive trading conditions and traders can make the most of exotic currency pairs。

Bizarre currency pair trading in this broker can be done on MetaTrader 4 and MetaTrader 5 trading platforms with a minimum spread of 2 for CNH / JPY trading.0 point。Popular exotic currency pairs available on FBS are CNH / JPY, EUR / CNH。EUR / TRY, USD / BRL, USD / CNH, USD / MXN, USD / RUB, USD / TRY, and USD / ZAR。

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Since 2009, FBS Holding Inc.(FBS) achievements in the field of foreign exchange transactions have been recognized by various international institutions.。As of 2019, the number of FBS clients reached 14 million, winning the most transparent Forex broker in 2018, the best investor education in 2017, the best customer service broker in Asia in 2016, the IB Forex program and many other titles.。

FBS is regulated by Belize IFSC and Cyprus CySEC。The broker is trusted by millions of traders and 370,000 partners from all countries.。According to the data, FBS has about 7,000 new trader and partner accounts every day.。And, 80% of customers will stay in FBS for a long time。

Trading products offered by FBS include Forex, CFD, Precious Metals and Equities。For Forex trading, CySEC-regulated FBS provides leverage of up to 1: 30 for cent accounts and standard accounts。Customers who want to try higher leverage can also register an account with FBS Belize。

In all types of accounts, the spread is from 1 point。Volume orders in standard accounts can be 0.01 to 500 lots, it is recommended that experienced traders use the account。

And on the cent account, bulk orders can be executed up to $500 breakups or the equivalent of 5 standard lots.。Cent accounts involve varying degrees of risk。FBS recommends cent accounts to beginners。All account types support the following trading instruments: 28 currency pairs and 2 metals。

Before entering the real Forex market, traders can practice using the FBS demo account, which is divided into two types, namely standard account and cent account。

Using the MetaTrader 4 and MetaTrader 5 platforms, FBS provides services on Windows and Mac, as well as Android and iOS mobile devices, providing traders with a trading experience at their fingertips, allowing traders to trade anytime, anywhere。

The MetaTrader platform also has a variety of key features, including the creation, purchase and use of Expert Advisors (EA) and scripts, one-click trading and embedded news, technical analysis tools, documentary other traders, hedging positions and VPS service support。

Another advantage of FBS is that customers who meet specific requirements receive a 100% deposit bonus and the deposit and withdrawal process is fast and convenient.。According to the customer, in addition to holidays, usually no more than 3-4 hours。

In order to increase the security of client funds, FBS also offers segregated accounts where 70 per cent of funds can be deposited with the client's bank; in addition, the margin is between 10 and 100 per cent.。If the trader loses funds in the course of trading but is insured, FBS will refund the trader's funds。

Traders have the opportunity to develop a side business when trading with FBS, i.e. as an economically recommended (IB) or affiliate。The commission provided by the FBS partner system is already at level 3, and traders can only earn additional income if they introduce new customers to FBS according to certain procedures。

Traders will also gain trading education experience at FBS。They have prepared a comprehensive foreign exchange course divided into 4 levels: beginner, beginner, intermediate and advanced。Traders can take courses that transform them from novice to professional, all materials are well structured。In addition, FBS offers a variety of forex analysis, webinars, forex news and daily market analysis that can be easily accessed on its website。

Traders can visit the official FBS website, which is available in multiple languages, including English, Dutch, Italian, French, Portuguese, Indonesian, Spanish, etc., and also provides live chat support 24 hours a day, 7 days a week。

In summary, FBS is a well-known broker among global retail traders。Due to flexible trading conditions, customers are able to use a variety of instruments for trading, low deposits, etc.。

FXTM

FXTM is another ECN broker with high leverage and relatively low transaction fees。With its low spreads and fast execution of orders, and because it is an ECN broker, it reduces the possibility of slippage and improves traders' profitability。The broker offers exotic currency pairs including USD / ZAR, EUR / TRY, CHF / PLN and more。EUR / PLN, GBP / NOK and USD / ZAR have a minimum spread of 0 points for exotic currency pairs.。

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Originally launched in 2011, FXTM's unique vision is to offer unparalleled superior trading conditions.。Opening an account with FXTM also gives you access to advanced education and advanced trading tools in the Forex industry。

FXTM is now registered with the UK Financial Conduct Authority with registration number 600475, the company is also regulated by the Cyprus Securities and Exchange Commission with CIF licence number 185 / 12 and licensed by the South African Financial Conduct Authority (FSCA) with FSP number 46614.。

FXTM has 1 million registered accounts and more traders join every day。The company continues to strive to improve its performance and has won many awards such as the World Finance Award for Best Trading Experience 2019, the International Finance Award for Best Online Forex Trading Company in Nigeria 2018, the Hexun 2018 Reputable Investor Education Forex Broker Award, Fxeye.Com 2018 China Foreign Exchange Brand Award, etc.。

As a responsible broker, FXTM determines leverage (expressed as a ratio of trade size relative to the trader's purchasing power) based on the trader's trading knowledge and experience level, and evaluates it through an appropriateness assessment. It also supports leveraged trades up to 1: 1000。

As for spreads, FXTM offers 0.The low spread from 1 o'clock, so traders can withdraw profits at the beginning of the trade。With headquarters in several countries, the company uses No Trading Desk (NDD) technology and works with reliable liquidity providers to deliver the best bid and ask prices.。

For beginners, there is an automated trading tool called algorithmic trading。Traders can develop their own trading strategies or adopt the strategies of other traders when trading at FXTM。In addition, the strategy is also applied to automated trading systems, such as smart trading systems, so that traders don't have to worry about losing opportunities without observing the market and still make profits。

Three types of ECN accounts using MT4 and MT5 trading platforms。There are also mobile and tablet app trading platforms。In addition to offering multiple account variants, FXTM also makes every effort to ensure that customers receive the excellent support they deserve, so that their trading experience is optimal and user-friendly。

FXTM also offers a variety of products, in addition to more than 50 foreign currencies, gold, silver, commodity futures (oil) CFDs, ETF CFDs and indices.。

The broker also provides education on basic concepts of the forex industry。Traders can read all the concepts offered in the form of e-books, video tutorials, articles, webinars and forex seminars。The FXTM website is available in 17 languages for traders to understand Forex。

Traders can also choose from a variety of payment methods, including credit cards (Visa, Mastercard, Maestro) and e-wallets (Neteller, Skrill, Western Union)。For withdrawal of funds, traders do not have to pay a fee of 2 hours to 2 days。Traders can ask further questions via live chat and contact the administrator via email, FXTM has a question and answer page on Forex trading。

ATFX

The broker provides the opportunity to trade exotic currency pairs while providing competitive spreads, thereby reducing the overall transaction costs required to open trading positions。Brokers also offer favorable trading conditions that allow traders to smoothly implement their own trading strategies。ATFX offers 16 exotic currency pairs including USD / HKD, EUR / HUF, USD / SGD, USD / HUF, USD / PLN and USD / NOK。Minimum singular spreads for premium accounts start at 11。

Axi

This is an excellent ECN broker that offers 1.Low difference of 2 points。Axi offers more than 40 exotic currency pairs, giving traders a wide choice。Some exotic currency pairs offered by Axi include EUR / HUF, EUR / PLN, EUR / SEK, USD / SGD, USD / MXN, etc.。It also provides excellent trading tools, including educational materials that inform traders of the necessary information when trading exotic currencies.。In addition, Axi encourages traders to conduct appropriate research and analysis of foreign currency pairs of interest to them before opening positions.。

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If a trader is looking for a broker with elite regulation, Axi may be the right choice。Axi is an Australian broker registered with ASIC and FCA。

"Created by traders, for traders" is Axi's mission since its inception in 2007, constantly striving to meet the needs of traders.。In December 2014, Axi had the most "trusted" brand among current forex traders Lenovo。

In addition, Axi has received other awards, including Most Trusted Forex Broker 2017, Highest Overall Client Satisfaction Investment Trend 2017, Back Office Operations Started 2018 in the Philippines, Cyprus and Singapore, Best MT4 Broker 2018 from the UK Forex Awards, and Most Trusted Forex Broker 2018 from the Forex Forex Awards.。With its achievements, Axi strives to build the confidence of traders around the world.。

Traders can monitor spread movements through Live Spreads available on Axi's official website。These floating spreads are good for traders when price volatility is not high。

In addition to spreads, there are differences in commissions per account。Commissions for professional accounts are approximately $7, while standard accounts have no commissions。

At the same time, the minimum transaction size is 0.01 lots, leverage up to 1: 400。Traders can choose the deposit amount because Axi does not specify a minimum amount。Instead, traders have the opportunity to profit with a 20% deposit bonus when trading on Axi。As a result, opening opportunities increase and deposit bonuses can also be withdrawn easily and quickly。

There are about 80 currencies and CFDs traded on Axi.。In addition, the company serves traders seeking to diversify their investments in other assets such as gold, silver, oil and 11 indices.。In order to attract the attention of traders from all over the world, Axi also offers a variety of currencies that traders can use as base currencies, including the Australian dollar, Canadian dollar, Swiss franc, euro, British pound, Hong Kong dollar, Japanese yen, New Zealand dollar, Singapore dollar and US dollar.。

Traders in Axi only need to top up a certain amount to enjoy free VPS provided by third parties。The web hosting service uses external servers to keep the platform running 24 hours a day and prevent downtime。Of course, this service is very useful for those who use EA。

Chart analysis is inevitable when trading forex, and traders need not worry about this when trading with Axi, as one of the advantages of Axi is the Autochartist signal。This function is very useful for accurately tracking market movements, traders using MT4 standard accounts and MT4 professional accounts will get Autochartist signals for free。

In addition to being able to easily understand price movement patterns through Autochartist, Axi also provides easy access to complex trading tools under the name MT4 NexGen。The platform has the advantage of understanding trading sentiment, market insights, related trading and notification management。With this technology, traders have easy access to ultra-fast networks and can handle any high-frequency scalping trade。

Traders can also add knowledge about Forex trading through the free webinar facility offered by Axi。Professional traders and experienced analysts will provide traders with a variety of new trading knowledge in this educational program。

Not only that, but opening an account with Axi can also bring other experiences, such as using tools such as DupliTrade, Myfxbook and ZuluTrade to follow the trading strategies of professional traders.。Traders can freely follow the trading strategies of professional traders and apply them to their own trades。

If there are other questions, traders can contact the 24 / 5 active Axi customer support staff, who come from all over the world and have an international team proficient in the languages of the world.。

Overall, exotic currency pairs are less volatile or less liquid than major currencies due to trading volume。As a result, it may not be possible to adopt similar trading strategies or risk management tools used in major currency pair trading。Therefore, traders must choose the right broker for their most effective strategy, starting with a careful selection of brokers with low singular spreads。