-
What are the exotic currency pairs?
When we speak about exotic Forex pairs, we mean the pairs that are made with a major currency (USD, EUR, etc.) and a currency of a smaller or developing economy. Even though Forex exotic currencies may carry bigger risks and have lower trading volumes, they may offer greater volatility too. That is why some traders opt for them.
With FBS broker, you can trade exotic currencies like the Turkish Lira, Mexican Peso, South Africa Rand, and more.
-
What are the exotic pairs with the best spread at FBS?
The spread is the difference between the bid price and the ask price. A bid is a buy order, where you sell the base currency, and an ask is a sell order, where you buy the base currency. Base currency is the first currency in the pair.
FBS broker offers competitive spreads for exotic Forex. To make sure, you can check USDZAR, USDMXN, and USDTRY and have a look at the spreads. You can choose your exotic Forex pairs and start trading with FBS.
-
What is the trading platform where I can trade Forex exotic?
If you want to trade Forex exotic pairs, you will need a special platform. With FBS, you can trade Forex exotic currencies on the MetaTrader 5 platform or in the FBS Trader app. With these platforms, you can seize market opportunities efficiently and keep an eye on the price changes.
You can download the latest version of the MT5 platform on our website or get the FBS Trader app from the store you use.
Forex Exotic Trading
Minimal Spread
Typical Spread
Swap Long
Swap Short
Stop level
Account type: Standard, Group: Forex Exotic
- Minimal Spread
- Typical Spread
- Swap Long
- Swap Short
- Stop level
All Forex Exotic instruments are available on MetaTrader 5. However, on MetaTrader 4, only a limited number of instruments are available, including USDSGD, EURTRY, USDCNH, CNHJPY, EURCNH, USDMXN, USDTRY, USDZAR, and USDBRL.
On Islamic accounts (Swap Free), there is a weekly commission for long-term positions of Forex Exotic instruments. The commission is first charged on the weekend, at least 7 days after the initial rollover. If you continue holding the position, the commission will be charged every weekend until it’s closed. The commission is calculated as the Swap value (long or short, depending on the trade direction) multiplied by 7.