In the forex market, exotic currency pairs are the third most often traded. These pairings consist of a currency from a developing or emerging economy, and one of the eight main currencies such as USDTRY, USDZAR, USDCNH, and many more. Alpari offers 13 exotic pairs in total. You can see the exotic pairs we offer on our contract specification page.
Exotic currencies have a higher level of volatility, which increases the risk of trading them, but also offer trading opportunities when opportunities with major FX pairs are limited. Emerging market currencies offer a higher level of interest rate, which can make them attractive for carrying trades overnight.
Alpari provides floating leverage up to 1:3000 for major pairs; however, some exotic pairs with lower leverage such as NOK and SEK pairs at a maximum leverage of 1:50.
If the leverage on your account exceeds the maximum leverage allowed for the instrument, the leverage applied to open the trade will be limited to the instrument's maximum leverage.
Leverage And Margin Requirements For Exotics
Forex Exotics |
Notional value USD |
Notional value EUR |
Leverage Offered* |
Floating Margin% |
0 - 500,000 |
0 - 450,000 |
1:200 |
0.50% |
500,001 -3,000,000 |
450,001 - 2,600,000 |
1:100 |
1.00% |
3,000,001 - 5,000,000 |
2,600,001 - 4,500,000 |
1:25 |
4.00% |
5,000,001 - 7,000,000 |
4,500,001 - 6,000,000 |
1:10 |
10.00% |
More than 7,000,000 |
More than 6,000,000 |
1:1 |
100.00% |
USDCNH |
Notional value USD |
Notional value EUR |
Notional value GBP |
Leverage |
Floating |
0 - 2,000,000 |
0 - 1,600,000 |
0 - 1,300,000 |
1:50 |
2% |
2,000,001 - 4,000,000 |
1,600,001 - 3,200,000 |
1,300,001 - 2,700,000 |
1:25 |
4% |
More than 4,000,000 |
More than 3,200,000 |
More than 2,700,000 |
1:10 |
10% |
EURNOK, EURSEK, USDNOK, USDSEK |
Notional value USD |
Notional value EUR |
Notional value GBP |
Leverage |
Floating |
0 - 5,000,000 |
0 - 4,000,000 |
0 - 3,300,000 |
1:50 |
2% |
More than 5,000,000 |
More than 4,000,000 |
More than 3,300,000 |
1:25 |
4% |
USDZAR |
Notional value USD |
Notional value EUR |
Notional value GBP |
Leverage |
Floating |
Unlimited |
Unlimited |
Unlimited |
1:25 |
4% |
EURTRY, USDTRY |
Notional value USD |
Notional value EUR |
Notional value GBP |
Leverage |
Floating |
Unlimited |
Unlimited |
Unlimited |
1:3 |
33.3% |