We found 11 online brokers that are appropriate for Trading Minor Currency Pairs.
Minor currency pairs are those counterpart currencies in the Forex market that include one of the four major world currencies but exclude the USD. The major world currencies excluding USD are EUR, GBP and JPY.
Minor currency pairs can also be explained in another way. The above mentioned three currencies are very strong and are from such countries which have a stable government as well as a stable economy. When these currencies are paired with stable counterparts, the pair becomes minor.
EUR is an abbreviation for euro, JPY for Japanese yen, GBP for British pound while CAD is for Canadian dollar. Similarly, AUD is a short form for Australian dollar, NZD for New Zealand dollar and CHF for Swiss franc.
Euro was introduced as a currency in 1999 and soon became a major reserve currency.
Japanese yen ranks third and fourth in the most traded currency and most held reserve currency lists in the world respectively. It occupies 22 percent of the total volume traded daily and mostly counterparts with EUR and USD.
The yen mostly remains stable even when the market is volatile.
Being fourth in the list of most traded currency in the world, the Great British pound is mostly traded paired with EUR and USD. Its market share is 13 percent with respect to daily trading volume
GBP ranks in the third position in the list of most held reserve currency. In the 19th century it was the first in reserve currency.
Currency pairs are basically classified in three types. One is minor currency pairs, which has been discussed here. The other two are major currency pairs and exotic pairs.
EUR/USD, USD/JPY and GBP/USD are classified as major currency pairs. USD is common here and paired with other three - EUR, JPY and GBP.
USD/HKD, USD/SGD, USD/SEK and EUR/TRY are classified under exotic currency pairs as major currencies are paired with emerging economies' currencies. However, these currency pairs are not often traded compared to major currency pairs and minor currency pairs.
HKD here is an abbreviation of Hong Kong dollar while SGD is a shorter term for Singapore dollar. The SEK is for Swedish Krona and TRY for Turkish lira.
Many Forex traders prefer minor currency pairs against major currency pairs believing it to be a safer investment.
However, it is not to forget that minor currency pairs also are affected by factors like geopolitical events, global weather and economic announcements.
Multiple currencies are traded on the forex market. When traders talk of minor currency pairs they are taking about world currencies which are not paired with the USD (US Dollar) but often include GBP (United Kingdom of Great Britain Pound Sterling). The Yen and Euro currency pairs are also known as minor pairs.
All Minor currency pairs do not contain USD (US Dollar) on either the left (base currency) side or right (quote currency) side of the currency pair.
Minor currency pairs are known as Minor pairs because the market share of these currencies is smaller than that of the major currency pairs.
We list some of the most popular minor currency pairs below.
We have conducted extensive research and analysis on over multiple data points on Minor Currency Pairs Brokers to present you with a comprehensive guide that can help you find the most suitable Minor Currency Pairs Brokers. Below we shortlist what we think are the best minor currency pairs brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Minor Currency Pairs Brokers.
Selecting a reliable and reputable online Minor 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 Minor Currency Pairs more confidently.
Selecting the right online Minor 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 minor currency pairs trading, it's essential to compare the different options available to you. Our minor 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 minor currency pairs broker that best suits your needs and preferences for minor currency pairs. Our minor currency pairs broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Minor Currency Pairs Brokers.
Compare minor currency pairs brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a minor currency pairs broker, it's crucial to compare several factors to choose the right one for your minor currency pairs needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are minor currency pairs brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more minor currency pairs brokers that accept minor currency pairs clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | 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) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | 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 Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 935,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % 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 | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro 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 | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AR, 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, UY, 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, TR | US, CA, IR |
You can compare Minor 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 Minor Currency Pairs Brokers for 2024 article further below. You can see it now by clicking here
We have listed top Minor currency pairs brokers below.
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