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AuthorBy Chris Cammack
Updated: July 5, 2022

EUR/USD Background

The EUR/USD is the most commonly traded Forex pair in the world. Representing about 25% of all Forex trades, or somewhere in the region of 1.5 trillion USD every day, the EUR/USD is underpinned by the massive trade interaction between the United States and Europe.

Because of the sheer quantity of EUR/USD traded, this is the most liquid of the currency pairs, so volatility is limited, trade execution is usually very fast, and spreads are tight – often below 1 pip. The best time to trade the EUR/USD is when both the New York and European markets are open as this is when price movement is more pronounced.

Common events that affect the price movement of the EUR/USD are major announcements on interest rates by the European Central Bank and the Federal Reserve and the release of economic data that measures the economic health of the Eurozone and the USA. The most-watched data include employment rates, GDP growth and business confidence levels. The USD is also the world’s foremost haven currency, so the USD tends to strengthen against the EUR during economic downturns and times of financial instability.

The table below shows the Forex brokers with the lowest trading costs for EUR/USD, including the spread and commission. It also details the industry average spread and industry average trading cost for 1 lot of EUR/USD.

Best EURUSD Forex Brokers

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Broker
Overall Rating
Official Site
Min. Spread
Commission
Cost of Trading (USD)
Ind. Avg. Spread
Ind. Avg. Trading Cost
Max. Leverage (Forex)
International Regulators
Trading Desk
Hedging
Scalping
Compare
IG
4.69 /5
Read Review
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Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1FCA Regulated BrokersASIC Regulated Forex BrokersFinancial Services Conduct AuthorityBundesanstalt für FinanzdienstleistungsaufsichtBest Forex Brokers in SingaporeDubai Financial Services AuthorityFinancial Services AgencyCommodity Futures Trading AssociationMarket Maker
Capital.com
4.68 /5
Read Review
Visit Broker >
Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1FCA Regulated BrokersCySEC Regulated BrokersASIC Regulated Forex BrokersMarket Maker
Pepperstone
4.61 /5
Read Review
Visit Broker >
Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1FCA Regulated BrokersASIC Regulated Forex BrokersCySEC Regulated BrokersDubai Financial Services AuthorityBundesanstalt für FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets AuthorityNDD
CMC Markets
4.59 /5
Read Review
Visit Broker >
Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1ASIC Regulated Forex BrokersFCA Regulated BrokersBest Forex Brokers in SingaporeFMA Regulated Forex BrokersBundesanstalt für FinanzdienstleistungsaufsichtMarket Maker
Markets.com
4.49 /5
Read Review
Visit Broker >
Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1FCA Regulated BrokersCySEC Regulated BrokersASIC Regulated Forex BrokersFinancial Services Conduct AuthorityBritish Virgin Islands Financial Services CommissionMarket Maker
AvaTrade
4.48 /5
Read Review
Visit Broker >
Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1ASIC Regulated Forex BrokersFinancial Services Conduct AuthorityBritish Virgin Islands Financial Services CommissionFinancial Services AgencyCySEC Regulated BrokersCentral Bank of IrelandMarket Maker
Tickmill
4.48 /5
Read Review
Visit Broker >
Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1CySEC Regulated BrokersFCA Regulated BrokersLabuan Financial Services AuthorityFinancial Services Conduct AuthorityThe Seychelles Financial Services AuthoritySTP
IC Markets
4.46 /5
Read Review
Visit Broker >
Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1CySEC Regulated BrokersASIC Regulated Forex BrokersThe Seychelles Financial Services AuthorityECN/DMA
Admiral Markets
4.34 /5
Read Review
Visit Broker >
Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1ASIC Regulated Forex BrokersCySEC Regulated BrokersFCA Regulated BrokersFinancial Services Conduct AuthoritySTP
Axi
4.34 /5
Read Review
Visit Broker >
Your capital is at risk
0 pipsUSD 0USD 00 pipsUSD 030:1FCA Regulated BrokersASIC Regulated Forex BrokersFMA Regulated Forex BrokersDubai Financial Services AuthorityECN/DMA

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