Minor currency pairs, also known as cross currency pairs, are pairs that do not include the US dollar (USD). Trading minor pairs can offer unique opportunities, as they often exhibit higher volatility and larger price swings compared to major pairs. To trade these pairs effectively, it’s essential to choose a forex broker that provides competitive spreads, a wide range of minor pairs, and fast execution.

What Are Minor Currency Pairs?

Minor pairs involve major currencies excluding the US dollar. Common examples include:

• EUR/GBP (Euro/British Pound)
• AUD/CHF (Australian Dollar/Swiss Franc)
• GBP/AUD (British Pound/Australian Dollar)
• EUR/AUD (Euro/Australian Dollar)

These pairs can provide great diversification opportunities, but they tend to have wider spreads compared to major pairs due to lower liquidity.

Key Features to Look for in a Forex Broker for Minor Currency Pairs

Wide Selection of Minor Pairs
A good broker should offer a broad range of minor pairs, allowing you to diversify your trading portfolio.

Competitive Spreads
Since minor pairs generally have wider spreads than majors, it’s important to find a broker that offers tight spreads to minimise trading costs.

Fast Execution Speed
High volatility in minor pairs can lead to price slippage. Choose a broker with fast execution to ensure your trades are filled at the desired price.

Strong Regulation and Security
Always trade with a regulated broker to ensure the safety of your funds. Top regulatory bodies include the FCA (UK), ASIC (Australia), and CySEC (Cyprus).

Advanced Trading Platforms
Look for brokers that offer powerful trading platforms such as MT4, MT5, or cTrader, which provide advanced charting tools and risk management features.

Top Forex Brokers for Trading Minor Currency Pairs

Vantage
Regulation: ASIC, FCA
Best For: Scalpers and swing traders
Key Features:

• Wide selection of minor pairs with tight spreads
• Access to ECN accounts for low-cost trading
• Supports MT4, MT5, and cTrader

FP Markets
Regulation: ASIC, CySEC
Best For: Technical traders and long-term investors
Key Features:

• Competitive spreads on minor pairs
• Excellent charting tools and technical indicators
• Fast execution and low slippage

TiBiGlobe
Regulation: International
Best For: Multi-asset traders
Key Features:

• Offers a comprehensive range of minor pairs
• Customisable account settings
• Advanced risk management tools

Pepperstone
Regulation: FCA, ASIC
Best For: High-frequency and algorithmic traders
Key Features:

• Access to deep liquidity for minor pairs
• Tight spreads and fast order execution
• Supports automated trading with VPS services

AvaTrade
Regulation: FCA, ASIC, CySEC
Best For: Beginner and intermediate traders
Key Features:

• Fixed spreads on minor pairs
• User-friendly trading platforms (MT4, MT5, AvaTradeGO)
• Strong mobile trading experience

How to Choose the Best Broker for Minor Currency Pairs

1. Check the Broker’s Currency Offering: Ensure the broker provides access to a wide range of minor pairs.
2. Compare Spreads and Fees: Look for brokers with competitive spreads and low commissions.
3. Test Execution Speed: Use a demo account to assess the platform’s speed and reliability.
4. Evaluate Risk Management Tools: Strong risk management features are crucial for handling the volatility of minor pairs.
5. Read User Reviews: Look for feedback from other traders who focus on minor currency pairs.

Conclusion

Trading minor currency pairs can enhance your forex portfolio, but choosing the right broker is crucial for success. Look for brokers that offer a wide range of minor pairs, competitive spreads, and fast execution. Vantage, FP Markets, and TiBiGlobe stand out as top choices for trading minor pairs.