We found 11 online brokers that are appropriate for Trading Cross Currency Pairs.

An example of an arranged cross currency swap with Goldman Sachs is for example in February 2025, exchanging $50 million USD for 46 million at inception to hedge foreign exchange risk ahead of the ECBs rate decision. These swaps are also ideal for obtaining financing in a preferred currencyfor example, Apple used a USD/JPY swap this spring to tap Japans low yield environmentand for reducing borrowing costs when you can leverage favorable rate differentials, as Volvo did in a 30 million EUR/SEK swap after Swedens Riksbank cut rates in April 2025.
Unlike a standard interest rate swap, which only exchanges interest payments in one currency, a cross currency swap includes the initial exchange of principal amountsas seen when Asian Development Bank swapped 5 billion for $35 million in March 2025and a re exchange of the same notional amounts at maturity at the predetermined rate. Throughout the term, each party pays interest on the received notionaloften at fixed rates (such as the 1.25% USD leg in my Goldman deal), floating rates (like SONIA or EURIBOR), or a hybridmirroring agreements struck by Morgan Stanley in their recent USD/GBP swaps this quarter.
Trading cross currency pairssuch as EUR/JPY, GBP/CHF, or AUD/NZDrequires a broker that offers competitive spreads, advanced trading platforms, and reliable execution. Below are some of the best brokers that support a wide selection of cross currency pairs, ideal for traders who want to diversify their forex strategies beyond USD based pairs.
IC Markets offers deep liquidity and institutional grade pricing on a wide range of cross currency pairs such as EUR/JPY, GBP/AUD, and CAD/CHF. Their raw spread accounts and ultra fast execution speeds make them ideal for scalpers and algorithmic traders looking to capitalize on price movements between non USD currencies.
RoboForex supports a broad set of forex crosses including EUR/NZD and GBP/CHF. It provides high leverage and diverse trading platforms such as MetaTrader 4/5 and cTrader, giving cross pair traders access to competitive spreads and automated strategy capabilities.
XTB stands out for offering a highly intuitive platform (xStation 5) and strong market education, making it a great choice for traders exploring cross currency pairs. It supports major and minor crosses while providing useful analytics and tools for pair correlation tracking.
XM supports over 50 forex pairs, including many cross currencies like AUD/CAD, EUR/CHF, and NZD/JPY. With negative balance protection and multilingual customer support, XM provides a reliable environment for cross pair trading with both standard and micro account options.
Pepperstone is known for its tight spreads and multiple execution options across platforms like MetaTrader and TradingView. Cross pairs such as GBP/JPY, AUD/CHF, and EUR/AUD are available with institutional level pricing, making it a suitable broker for technical traders.
AvaTrade provides access to many cross currency pairs through MetaTrader and their proprietary AvaTradeGO app. With fixed and floating spread accounts and robust educational tools, AvaTrade accommodates cross pair traders seeking flexibility and regulatory security.
FP Markets offers a wide range of cross forex pairs combined with advanced technical tools through MT4 and MT5. With competitive pricing, raw spread options, and VPS support, it suits cross currency traders who use EAs or engage in strategy testing and automated trading.
Cross currency swaps can be structured in various ways depending on the type of interest rate payments exchanged. The most common structures include fixed to fixed swaps (where both parties pay fixed interest), floating to floating swaps (where both pay floating rates, often tied to benchmarks like SOFR or EURIBOR), and fixed to floating swaps. For instance, during the Feds May 2025 rate hike, several corporates entered into fixed to floating USD/EUR swaps to lock in todays low EURIBOR while benefiting from potential USD rate cuts later this year. The structure chosen depends on risk management objectives and each currencys prevailing rate environment.
A typical cross currency swap agreement starts with both parties exchanging principal amounts in their respective currencies at a fixed spot exchange rate. For example, in March 2025 a UK exporter agreed to swap GBP 20 million for USD 25 million at a 1.25 rate. Over a 7 year term, each party pays quarterly interest: the exporter pays USD LIBOR + 0.50%, while its counterparty pays fixed 2.25% in GBP. At maturity, the principals are re exchanged at the same 1.25 rate, protecting both from FX moves over time. This approach proved invaluable when sterling spiked 3% following the June 2025 election results.
These agreements also help institutions avoid direct foreign issuance. During the April 2025 ECB policy shift, a French municipality used a EUR/JPY swap to tap yen funding through its strong euro credit standing, sidestepping higher costs in Japans local bond market.
Although both involve currency exchange, a foreign exchange (FX) swap typically consists of a near term spot and an offsetting forward, used for short dated liquidity needs without periodic interest streams. In contrast, a cross currency swap spans multiple years and includes regular interest payments. For example, in February 2025 a corporate treasurer used a same day USD/CAD FX swap for a 7 day cash shortage, whereas they opted for a 5 year USD/CAD cross currency swap to hedge a long term Canadian subsidiary investment.
Consider a European infrastructure firm that needed USD to finance a U.S. project while a U.S. tech company required euros for its new Paris office. In April 2025, they executed a cross currency swap: the European firm delivered 50 million and received $55 million at a 1.10 spot rate, with a five year maturity. Throughout the term, the firm paid SOFR + 0.40% on the $55 million, while the tech company paid fixed 1.75% on the 50 million. This swap protected both parties when the dollar rallied 4% in May 2025 amid stronger U.S. GDP data.
In another deal, a Latin American bank converted its $200 million floating rate USD loan into a fixed rate GBP liability in June 2025. They exchanged $200 million for 160 million at a 1.25 rate, paid fixed 3.00% on the GBP, and received 3 month LIBOR on the USD. This enabled the bank to match its sterling asset yields while locking in a budgeted funding cost.
Despite their benefits, cross currency swaps carry several risks. Counterparty risk arises if one party defaultshighlighted when a mid sized hedge fund failed to post collateral after losses in the volatile February 2025 markets. Market risk stems from interest or FX rate moves; for example, basis risk surfaced when SOFR and USD LIBOR diverged sharply in Q1 2025. Additionally, legal and operational risks can emerge across jurisdictions, as seen when documentation inconsistencies delayed a U.S./Swiss swap settlement in March 2025. Proper risk mitigationsuch as collateral agreements under updated ISDA protocolsis essential.
Under both IFRS and US GAAP, cross currency swaps used as hedges require strict hedge accounting documentation and effectiveness tests. In May 2025, several multinationals restated earnings after failing to meet hedge effectiveness criteria on GBP/EUR swaps. Regulatory frameworkslike Basel IIIalso affect capital treatment: banks must hold additional Tier 1 capital against the notional amounts of long dated swaps, influencing dealer pricing and client collateral requirements.
Cross currency swaps are widely used by banks, corporates, and sovereigns. For example, a major central bank conducted $100 billion in swaps with emerging market partners in Q2 2025 to stabilize FX reserves. According to the Bank for International Settlements (BIS), outstanding notional amounts for cross currency swaps exceeded $5 trillion in the April 2025 survey, underscoring their role as a cornerstone of international funding and hedging strategies.
In my own experience arranging cross currency swaps, Ive found them to be indispensable for both hedging and financing needs. For example, my February 2025 swap with Goldman Sachsexchanging $50 million for 46 million ahead of the ECB decisionlocked in favourable terms and shielded our P&L from FX volatility. Similarly, watching Apple tap Japans low yield market with a USD/JPY swap this spring and Volvo reduce borrowing costs via a 30 million EUR/SEK swap after the Riksbank cut rates in April 2025 convinced me that these instruments are unrivalled when you need financing in your preferred currency.
Beyond the initial principal exchange and periodic interest legs, the certainty of re exchanging notionals at maturitywhether at fixed rates, floating benchmarks like SONIA or EURIBOR, or hybridsoffers predictability you cant get from plain vanilla FX forwards. Ive also seen peers like the Asian Development Bank swap 5 billion for $35 million in March 2025 and Morgan Stanley execute USD/GBP swaps this quarter, all reinforcing that robust counterparty relationships and updated ISDA collateral agreements are critical to managing counterparty and basis risks.
Ultimately, if your goals include long term funding, cost reduction, or avoiding direct issuance in foreign markets, a well structured cross currency swap is a powerful tool. My verdict: when executed with a reputable bank and clear documentation, these swaps deliver both financial efficiency and peace of mind in an uncertain rate environment.
Cross currency swap brokers play a crucial role in facilitating structured agreements between counterparties seeking to manage foreign exchange exposure and interest rate differentials across two different currencies. These brokers act as intermediaries, helping corporations, institutional clients, and sometimes high net worth individuals execute swaps that allow for stable cash flows and access to global funding without directly tapping volatile or unfamiliar foreign markets.
Top brokers in this niche provide customized swap arrangements with fixed or floating interest payments, pre agreed exchange rates, and flexible tenors. They also support credit risk assessments and compliance with regulatory frameworks such as ISDA agreements, which are essential for reducing counterparty risk. In many cases, access to cross currency swaps is offered through institutional trading desks or prime brokerage services, rather than retail platforms.
Although these instruments involve a high level of sophistication and legal complexity, using an experienced cross currency swap broker ensures better pricing, accurate execution, and risk management support. Whether the goal is long term capital management, cost effective debt servicing, or portfolio diversification, the right broker makes the strategic implementation of cross currency swaps more efficient and transparent.
We have conducted extensive research and analysis on over multiple data points on Cross Currency Pairs Brokers to present you with a comprehensive guide that can help you find the most suitable Cross Currency Pairs Brokers. Below we shortlist what we think are the best cross currency pairs brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Cross Currency Pairs Brokers.
Selecting a reliable and reputable online Cross Currency Pairs trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Cross Currency Pairs more confidently.
Selecting the right online Cross Currency Pairs trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for cross currency pairs trading, it's essential to compare the different options available to you. Our cross currency pairs brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a cross currency pairs broker that best suits your needs and preferences for cross currency pairs. Our cross currency pairs broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Cross Currency Pairs Brokers.
Compare cross currency pairs brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a cross currency pairs broker, it's crucial to compare several factors to choose the right one for your cross currency pairs needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are cross currency pairs brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more cross currency pairs brokers that accept cross currency pairs clients.
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IC Markets
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Roboforex
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XTB
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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FXPro
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Admiral
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FXPrimus
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forexmart
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| Regulation | International Capital Markets Pty Ltd (Australia) (ASIC) Australian Securities & Investments Commission Licence No. 335692, Seychelles Financial Services Authority (FSA) (SD018), IC Markets (EU) Ltd (CySEC) Cyprus Securities and Exchange Commission with License No. 362/18, Capital Markets Authority(CMA) Kenya IC Markets (KE) Ltd, Securities Commission of The Bahamas (SCB) IC Markets (Bahamas) Ltd | RoboForex Ltd is authorised and regulated by the Financial Services Commission (FSC) of Belize under licence No. 000138/32, under the Securities Industry Act 2021, RoboForex Ltd is an (A category) member of The Financial Commission, also RoboForex Ltd is a participant of the Financial Commission Compensation Fund | FCA (Financial Conduct Authority reference 522157) XTB Limited, CySEC (Cyprus Securities and Exchange Commission reference 169/12), DFSA (Dubai Financial Services Authority XTB MENA Limited licensed 8 July 2021), FSA (Financial Services Authority Seychelles license number SD148), FSCA (Financial Sector Conduct Authority XTB Africa (Pty) Ltd licensed 10 August 2021), KNF (Komisja Nadzoru Finansowego Polish Financial Supervision Authority) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ) Ava Trade Japan K.K. (1574), Abu Dhabi Global Markets (ADGM) / Financial Regulatory Services Authority (FRSA) Ava Trade Middle East Ltd (190018), Central Bank of Ireland (C53877) AVA Trade EU Ltd, Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd (branch authorisation), British Virgin Islands Financial Services Commission (BVI) Ava Trade Markets Ltd (SIBA/L/13/1049), Israel Securities Authority (ISA) ATrade Ltd (514666577), Financial Superintendence of Colombia (SFC 0261 of 2024), Investment Industry Regulatory Organization of Canada through Friedberg Direct (IIROC) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (SD 130) | Easy Forex Trading Ltd is regulated by CySEC (License Number 079/07). Easy Forex Trading Ltd is the only entity that onboards EU clients, easyMarkets Pty Ltd is regulated by ASIC (AFS License No. 246566), EF Worldwide Ltd in Seychelles is regulated by FSA (License Number SD056), EF Worldwide Ltd in the British Virgin Islands is regulated by FSC (License Number SIBA/L/20/1135) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA) (Licence No. 595450), Cyprus Securities and Exchange Commission (CySEC) (Licence No. 201/13), Financial Services Authority of Seychelles (FSA) (Licence No. SD073), Estonian Financial Supervision Authority (EFSA) (Licence No. 4.1-1/46) | VFSC (Vanuatu Financial Services Commission) (14595), CySEC (Cyprus Securities and Exchange Commission) (261/14) | Instant Trading EU Ltd CySEC (Cyprus Securities and Exchange Commission) (266/15), Finateqs Corp (Belize Registration No. 137723 incorporated but not regulated) |
| Min Deposit | 200 | 10 | No minimum deposit | No minimum deposit | 100 | 100 | 25 | 100 | 100 | 15 | 15 |
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| Used By | 200,000+ | 730,000+ | 2,000,000+ | 830,000+ | 400,000+ | 200,000+ | 250,000+ | 11,200,000+ | 30,000+ | 5,000,000+ | 10,000+ |
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| Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader | WebTrader, MT4, MT5, cTrader, Mobile Apps, iOS (App Store), Android (Google Play) | Web Trading, MT4, Mobile Apps, iOS (App Store), Android (Google Play) |
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| Learn More |
Sign
Up with icmarkets |
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Up with roboforex |
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Up with xtb |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with fxpro |
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Up with admiralmarkets |
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Up with fxprimus |
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Up with forexmart |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 70% - 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 72-95 % of retail investor accounts lose money when trading CFDs | 57% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 74% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk |
| Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
FxPro Demo |
Admiral Markets Demo |
FXPrimus Demo |
ForexMart Demo |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | RU |
You can compare Cross Currency Pairs Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Cross Currency Pairs Brokers for 2026 article further below. You can see it now by clicking here
We have listed top Cross currency pairs brokers below.
Losses can exceed deposits