Major currency pair
Under FCA rules, a major foreign-exchange pair is any two different currencies from a list of six.
Explanation
The FCA's 2019 CFD instrument defines a major foreign exchange pair as two different currencies from this list: US dollar, euro, Japanese yen, pound sterling, Canadian dollar and Swiss franc. A minor foreign exchange pair is any other pair whose rate is traded in the FX market. The handbook uses the major and minor labels to set minimum retail margin, not as a ranking of which pair to trade. The same six currencies appear in CySEC's initial-margin annex for the 3.33% band.
This page explains published terms for education and reference. It is not financial, investment, tax, or trading advice, and it does not recommend a firm, product, or strategy.
Related terms
Sources and last check
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