Forex Exotic Contract Specifications of a Standard Account

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.

If you want to start trading exotic currency pairs, you must first open an account with a trusted broker that offers such services.

With FBS broker, it is very simple. First, press the "Open account" button. Next, complete a simple registration form and after that, choose an account where you want to trade exotic currencies (Cent, Standard, or Zero Spread account). You are ready to trade exotic currency pairs!

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.

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 4 or MetaTrader 5 platforms. They will help you seize market opportunities efficiently and keep an eye on the price changes.

Choose the platform that suits your needs and go ahead for Forex exotic. On our website, you can download the latest versions of the MT4 and MT5 platforms.