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Looking for Brokers with exotic pairs

  • #1
  • First Post: Edited 5:36pm Feb 23, 2007 5:19pm | Edited 5:36pm
Exotic Pairs move alot so I'd like to know which broker have a large collection of exotic pairs.

In particular, I am interested in GBPNZD, GBPAUD and NorthFinance is one broker that offers this albeit at a whopping 30 and 15 pips spread. Any other brokers out there? They dont have to be "good for news trading" - just honest long term brokers.
  • #2
  • Feb 23, 2007 9:26pm Feb 23, 2007 9:26pm
I don't have a live account with them, but I use their demo feed for charting, but try NorthFinance (http://www.northfinance.com), they have both of those pairs you mention plus a million more exotics, CFD'S, a couple of metals and some indices ... might be worth a go, at least in demo.

http://www.northfinance.com/eng/cfd/...rex-contracts/ (list of their fx pairs)
You can quit and they won't care, but you will always know.
  • #3
  • Feb 24, 2007 5:16am Feb 24, 2007 5:16am
Quoting Akuma99
I don't have a live account with them, but I use their demo feed for charting, but try NorthFinance (http://www.northfinance.com), they have both of those pairs you mention plus a million more exotics, CFD'S, a couple of metals and some indices ... might be worth a go, at least in demo.

http://www.northfinance.com/eng/cfd/...rex-contracts/ (list of their fx pairs)
I already HAVE a Live NorthFinance account - thats why I know they 30, 15 pip spreads...
  • #4
  • Feb 24, 2007 5:59am Feb 24, 2007 5:59am
This isn't ideal, but you could have an effective long GBPNZD trade by going long 1 lot GBPUSD and short 1.9634 lots NZDUSD. At IBFX, that would cost you about 4 + 1.96*6 = 16 pips... still not great, but better than 30. Of course, you'd want to have some way of placing the two orders at the exact same time to minimize slippage, and you'd have to go somewhere else for charting.
  • #5
  • Edited 7:15am Feb 24, 2007 7:00am | Edited 7:15am
Quoting brue
This isn't ideal, but you could have an effective long GBPNZD trade by going long 1 lot GBPUSD and short 1.9634 lots NZDUSD. At IBFX, that would cost you about 4 + 1.96*6 = 16 pips... still not great, but better than 30. Of course, you'd want to have some way of placing the two orders at the exact same time to minimize slippage, and you'd have to go somewhere else for charting.
1 Long GBPNZD = Buy GBP100000, Sell NZD277920

1 Long GBPUSD = Buy GBP100000, Sell USD196340
1 Short NZDUSD = Sell NZD100000 Buy USD70620

In order to Sell 196340USD,
196340/70620 = 2.7802 (approximately the prevailing GBPNZD)
Therefore, we actually need to go Short NZDUSD with 2.78 lots

Verification: June 28
GBPNZD 3.0048
GBPUSD 1.8213
NZDUSD 0.6057

Feb 23
GBPNZD 2.7794
GBPUSD 1.9633
NZDUSD 0.7058


1 lot Long GBPNZD = -2254 pips
1 lot Long GBPUSD = +1420 pips
3.00 lots Short NZDUSD = -3003 pips
~ almost evens out.

But a 1.96 lots Short NZDUSD = -1962 pips will not even it out.


Seems that 1 Long GBPNZD = 1 Lot Long GBPUSD and 3 Lots short NZDUSD (3 lots being the prevailing GBPNZD rate last Jun)
  • #6
  • Feb 24, 2007 8:04am Feb 24, 2007 8:04am
Quoting BurgerKing
Exotic Pairs move alot so I'd like to know which broker have a large collection of exotic pairs.

In particular, I am interested in GBPNZD, GBPAUD and NorthFinance is one broker that offers this albeit at a whopping 30 and 15 pips spread. Any other brokers out there? They dont have to be "good for news trading" - just honest long term brokers.
UGMFX has GBP/NZD for 7 pips spread. And they are NFA regulated.
  • #7
  • Last Post: Mar 15, 2010 3:33pm Mar 15, 2010 3:33pm
Saxobank has 26 pips spread. I use them and I'm really happy with their services.
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