We found 11 online brokers that are appropriate for Trading Cross Currency Pairs.
Cross currency swap, or currency swap, is an exchange of interest as well as principal currencies by traders, mainly financial institutions, either to reduce foreign currency borrowing cost or hedge against exchange rate risk.
Cross currency swap can be considered the same as an interest rate swap, in which the exchange of the principal does not take place.
In cross currency swap a deal is made by two parties to exchange two currencies on the trade date at the exchange rate and again at the end of the agreement, but without a change in the exchange rate.
Agreements of cross currency swap are usually made for a longer period as within such time the exchange rate changes dramatically. The traders or financial institutions know how much money either will be received or paid back at the end of the deal duration.
Moreover, interest on the currency swapped is paid periodically by both the parties to each other either at a floating rate or fixed interest rate.
The arrangement can also be made in such a way that one party pays floating rate and the second party pays a fixed rate.
Let's understand it with an example. Suppose one party receives $10 million British pounds (GBP) and the other gets $16 million U.S. dollars (USD) at 1.6 exchange rate of GBP/USD. After certain period of agreed time the two parties again reverse swaps the two currencies at the same 1.6 rate.
Suppose financial institution X is looking for transforming floating rate debt of $100 million United States dollars into fixed rate British pounds loan and on trade date, he does so with financial institution Y in return for 74 million pounds at the exchange rate of 0.74 USD/GBP. In reverse, this rate is equal to 1.35 GBP/USD.
The institution X pays to institution Y a fixed rate in GBP against USD six-month LIBOR (London InterBank Offered Rate).
Both parties pay interest to each other. The USD interest is paid on $100 million USD and GBP interest on 74 million GBP.
There are basically two reasons why the two institutions or companies indulge in a cross currency swap. It may be that institution X is in need of GBP to fund an operation in Britain and similarly Y is looking for some additional USD for an operation in the US.
Both parties lock the rate at the current exchange rate and know how much they have to pay each other. One may end up benefiting more. If the USD starts falling after the agreement date, the institution Y could have paid less than $74 million GBP, but it losses as the rate was earlier locked at $74 million GBP.
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.
Broker | IC Markets | Roboforex | XTB | Pepperstone | AvaTrade | FP Markets | EasyMarkets | FXPro | Admiral | FXPrimus | forexmart |
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | 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),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | 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) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | 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) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) | 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 (137723) Belize |
Min Deposit | 200 | 10 | No minimum deposit | No minimum deposit | 100 | 100 | 25 | 100 | 1 | 15 | 15 |
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Used By | 200,000+ | 730,000+ | 1,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 7,800,000+ | 30,000+ | 300,000+ | 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 |
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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 | 75-83% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 75.78% 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 2025 article further below. You can see it now by clicking here
We have listed top Cross currency pairs brokers below.