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What is an Exotic Currency?

A currency which is thinly/rarely traded. Trading volume for exotic currencies is usually low and trading them is typically quite expensive as the spreads are often high.
Risk Warning: Contracts for Difference (CFD) are complex financial instruments carrying a substantial level of risk and may not be suitable for all investors, as they may result in the loss of all invested capital rapidly due to leverage. You should consider whether you understand how CFDs work, your investment objectives, level of experience, risk appetite, and, if necessary, seek advice from an independent financial advisor. Please read the full Risk Statement
Online Forex/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 85.29% of retail investor accounts lose money when trading Online Forex/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. Please read the full Risk Statement