| Expert Editor Matthew Levy, CFA
| Updated: In the forex market, several major currency pairs account for a significant portion of daily trading volume, with the EUR/USD as the most liquid and widely traded. It represents two of the largest global economies, the European Union and the United States, and it is common enough that every reputable broker quotes the pair, with every company aiming to offer the lowest spreads and commissions to win business. The current page lists the leading forex brokers for trading the EUR/USD currency pair, based on their spreads, commissions, and order execution quality.
Plus500 USThis content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.
eToro50% of retail investor accounts lose money
Fusion Markets74-89% of retail's CFD accounts lose money
FP Markets73.33% of retail investor accounts lose money
BlackBull MarketsTrading leveraged products is risky
Eightcap59.57% of retail investor accounts lose money when trading CFDs with this provider.
Pepperstone72.9% of retail investor accounts lose money
VantageTrading leveraged products is risky
XM Group72.82% of retail investor accounts lose money
IG67% of retail client accounts lose money when trading CFDs with this investment provider.EUR/USD Forex Brokers Ranked by Trustpilot Score
| Forex Broker | Trustpilot Reviews | |
|---|---|---|
| 1. FP Markets | 9,422 | 4.9 ⭐ |
| 2. Fusion Markets | 4,873 | 4.8 ⭐ |
| 3. BlackBull Markets | 2,681 | 4.8 ⭐ |
| 4. AvaTrade | 11,076 | 4.7 ⭐ |
| 5. Pepperstone | 3,144 | 4.4 ⭐ |
| 6. eToro | 29,171 | 4.2 ⭐ |
| 7. Plus500 | 17,312 | 4.2 ⭐ |
| 8. Eightcap | 3,429 | 4.0 ⭐ |
| 9. IG | 8,324 | 3.9 ⭐ |
| 10. XM Group | 2,787 | 2.7 ⭐ |
Comprehensive Comparison of the Top 10 EUR/USD Forex Brokers
| Forex Broker | EUR/USD Spread | EUR/USD Commissions | Number of FX pairs to trade | Trust Pilot Rating |
|---|---|---|---|---|
| 1. AvaTrade | 0.8 | $0 | 50+ | 4.7 ⭐ |
| 2. BlackBull Markets | 0.8 | $0 Standard; $6 per lot Prime; $4 per lot Institutional | 70+ | 4.8 ⭐ |
| 3. XM Group | 0.8 (min) | $0 Ultra Low Micro and Ultra Low Standard Accounts; $3.50 per side XM Zero Account | 50+ | 2.7 ⭐ |
| 4. IG | 0.86 av.spread | $0 | 90+ | 3.9 ⭐ |
| 5. Plus500 | 0.9 | $0 | 60+ | 4.2 ⭐ |
| 6. Fusion Markets | 0.90 avg (Classic) | $0 Classic Account, $4.50 round turn on Zero Account | 90+ | 4.8 ⭐ |
| 7. eToro | 1.0 | $1 or $2 (stocks only) | 60+ | 4.2 ⭐ |
| 8. Eightcap | 1.00 (min) | $0 on Standard and TradingView Accounts; $7 round turn on Raw Accounts | 50+ | 4.0 ⭐ |
| 9. Pepperstone | 1.10 (avg.) | $0 (Standard Account), $7 round-turn (Razor Account) | 90+ | 4.4 ⭐ |
| 10. FP Markets | 1.17 | $0 Standard Account; $6 round turn on Pro Account | 70+ | 4.9 ⭐ |
Top 12 Brokers Offering the Lowest Spreads for EUR/USD
Fusion Markets is a regulated brokerage operating under the oversight of the Australian Securities and Investments Commission (ASIC), the Vanuatu Financial Services Commission (VFSC), and the Financial Services Authority (FSA) of Seychelles. Since its founding in 2019, the broker has expanded its offering to over 90 currency pairs, including major, minor, and exotic crosses.
Fusion Markets provides two primary structures for forex trading. The Zero account features spreads starting from 0.0 pips on the EUR/USD pair, accompanied by a commission of $2.25 per standard lot per side ($4.50 per round turn). Alternatively, the Standard account offers a commission-free structure, where spreads start from 0.9 pips. For Fusion Markets’ VFSC and FSA entities, the maximum leverage for forex and metals stands at 1:500.
Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.- 2. FP Markets
Established in 2005, FP Markets provides access to over 10,000 financial markets, including more than 60 currency pairs. The brokerage is authorized and regulated by the Australian Securities and Investments Commission (ASIC) in Australia and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, allowing it to serve a global client base across multiple jurisdictions.
FP Markets supports EUR/USD trading, with an average spread of 1.17 pips for Standard accounts and 0.07 pips for Raw accounts. While retail traders with Standard accounts can trade with zero commissions attached to their trades, Raw accounts feature tighter spreads but have a $3.0 commission upon opening and closing a position of one standard lot in the pair. Besides competitive pricing and top-tier liquidity, the broker offers fast execution thanks to an NY4/LD4 server facility.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.33% of retail investor accounts lose money when trading 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. BlackBull Markets began operations in 2014, providing exposure to multiple asset classes, including forex, commodities, indices, stocks, and cryptocurrencies. The broker also offers futures contracts on gold, crude oil, and indices. Based in New Zealand, BlackBull Markets is authorized by the Financial Markets Authority (FMA) and the Financial Services Authority (FSA) of Seychelles.
Forex traders can access more than 26,000 markets, with 67 currency pairs available to trade. Key features include spreads starting from 0.0 pips and leverage up to 1:500 on major currency pairs like EUR/USD. BlackBull offers two main retail account types, Standard and Prime, and one account type, Prime+, geared toward high-volume traders. The broker supports several third-party trading platforms, including TradingView, cTrader, MetaTrader 5, and MetaTrader 4, along with its proprietary software for copy trading and investing.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money you cannot afford to lose. You should make yourself aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any questions or concerns as to how a loss would affect your lifestyle.- 4. Pepperstone
Pepperstone has been operating as an online brokerage since 2010. Based in Australia, the brand serves over 830,000 customers across 160 countries, and holds licenses from several tier-1 regulators, including the FCA, BaFin, ASIC, and DFSA. Over the years, the broker has expanded its operations and achieved a monthly trading volume of over $1 trillion. Additionally, company data from October 2025 points to client withdrawals of more than $100 million per month.
Clients have access to 93 currency pairs, including major, minor, and exotic pairs. Trading EUR/USD with Razor accounts at Pepperstone has low round-trip commissions of $7.0 and an average spread of 0.1 pips on the major currency pair. Standard accounts facilitate commission-free trading with average spreads of 1.1 pips for the Fiber. Retail trading accounts can use leverage up to 1:30 (the maximum may differ in some jurisdictions) on major currency pairs. Eligible customers may apply for professional trading accounts where leverage for EUR/USD reaches 1:500.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.9% of retail investor accounts lose money when trading 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. - 5. XM Group
Since its inception in 2009, XM Group has grown into a global brokerage serving over 15 million customers across 190 countries and regions. The broker operates under the oversight of several major regulatory bodies, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Services Commission (FSC) in Belize.
XM provides access to more than 50 currency pairs, including major, minor, and exotic crosses. Traders can choose between several account types as XM clients, with the options varying depending on their country of residence. Ultra Low account spreads start from 0.8 pips on EUR/USD and 0.9 pips on USD/JPY pairs. Zero account holders have access to spreads from 0.0 pips on the same currency pairs, with commissions charged upon opening and closing a position. The stop-out level is set at 50%, and the leverage is capped at 1:30 for both account structures. Standard account spreads start from 1.6 pips on EUR/USD and 2.0 pips on USD/JPY, with zero commissions. The minimum starting deposit across these accounts is $5, with the only exception being the Shares account, requiring a minimum of $10,000.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.82% of retail investor accounts lose money when trading 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. - 6. eToro
Founded in 2007, eToro is a global investment platform serving over 40 million traders from over 75 countries. The company operates under the guidelines of several financial authorities, including the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Services Authority (FSA). The broker supports over 65 major, minor, and exotic pairs. A spread-only model is used for all customers with no additional commission charges to trades. The EUR/USD spreads typically start from 1.0 pip.
The broker is widely known for its social trading functionality, which is home to one of the largest communities of retail investors globally. The Copy Trading feature allows users to replicate the portfolios and active trades of experienced investors within the community. The Zero Balance Protection is another feature. It prevents clients from losing more than the total funds in their account, even during periods of extreme market volatility.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 50% of retail investor accounts lose money when trading 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. - 7. Plus500
When it comes to CFD forex trading, Plus500 ranks as one of the well-established destinations for trading major, minor, and exotic currency pairs. Beyond forex, the broker supports thousands of CFD instruments on commodities, crypto, shares, indices, and ETFs. Founded in 2008, this broker meets different regulatory conditions imposed by reputable authorities like the FCA, ASIC, CySEC, CFTC, MAS, and FSA.
The average spread on the EUR/USD pair ranges from 0.9 pips to 1 pip, or approximately 0.01% of the instrument’s price. For a standard 1-lot trade (100,000 units), a 1-pip spread costs $10. No commissions apply on Plus500, with spreads being the primary fee for forex CFDs. Plus500’s EUR/USD spreads are floating, with the exchange rate potentially influenced by various factors, such as economic indicators, geopolitical events, and the disparity of interest rates between the ECB and the Federal Reserve. Retail clients based in the UK, EU, and Australia can use maximum leverage of 1:30. Further portfolio diversification is possible with 8 forex futures contracts on major currencies like the pound sterling, the euro, the yen, and the Swiss franc.
79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. - 8. IG
Operating since 1974. IG is an established brokerage with over five decades of market experience. The broker is authorized and regulated by several tier-1 financial authorities, including the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the US, the Australian Securities and Investments Commission (ASIC), and the Financial Conduct Authority (FCA) in the UK.
IG provides access to over 17,000 markets, including over 100 currency pairs. As for the popular pair EUR/USD, IG offers a competitive minimum spread of 0.6 pips and average spreads of around 0.86 pips. Besides the most liquid and traded subclass of forex majors, the broker supports trading in minor, Australasian, Scandinavian, exotic, and emerging pairs, giving traders plenty of opportunities to diversify their portfolios. Leverage limits are determined by the trader’s jurisdiction and classification. Depending on these factors, customers can trade the popular pair with maximum leverage of 1:30 or 1:222.
CFDs are complex instruments. 67% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. - 9. Eightcap
Since its launch in 2009, Eightcap has operated as a multi-asset brokerage serving a global client base. The broker is authorized by several tier-1 financial authorities, including the FCA in the UK, ASIC in Australia, SCB in the Bahamas, CySEC in Cyprus, and the FSA of Seychelles. Eightcap’s clients can choose from third-party platforms like MT5, MT4, and TradingView to trade currency pairs and other financial instruments.
The broker offers two primary account types, Standard and Zero, to accommodate different trading preferences. The EUR/USD pair is just one of the 56 currency pairs one can trade as a member of Eightcap. The trading conditions related to Standard accounts include a minimum spread of 1.0 pip on the major currency pair and zero commission. Raw accounts offer spreads from 0.0 pips, with a commission of $3.50 per side per standard lot (round-turn commission of $7.0). Beyond EUR/USD, the broker quotes prices for over 800 other financial markets. Traders can also utilize tools such as FlashTrader and an AI-powered economic calendar for market analysis.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.09% of retail investor accounts lose money when trading 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. - 10. Global Prime
Global Prime provides access to over 150 financial markets, quoting prices for currency pairs, indices, commodities, and cryptocurrencies. The company recently added US stocks to its portfolio, further expanding its selection of available markets. The broker’s average EUR/USD spreads stand at 0.10 pips and 1.0 pips with Raw and Standard accounts, respectively, making it one of the most popular trading instruments on the Global Prime trading platform. Demo account trading is also available, allowing inexperienced traders to test markets in a risk-free environment.
In addition to EUR/USD, forex enthusiasts can choose from 56 pairs like USD/JPY, USD/CAD, AUD/CHF, GBP/AUD, and NZD/CAD. Execution speeds of 10 milliseconds provide a high-performance trading environment, and traders can get in touch with the support team 24/7. For clients interested in the leverage limits, Australia-based EUR/USD traders can use retail leverage of up to 1:30. In some jurisdictions, retail leverage of up to 1:500 is available thanks to Global Prime’s VFSC license.
Global Prime is a trading name of FMGP Trading Group Pty Ltd (ABN 74 146 086 017) and is regulated by ASIC and licensed to carry on a financial services business in Australia under Australian Financial Services License No. 385620. Gleneagle Securities Pty Limited trading as Global Prime FX, is a registered Vanuatu company (Company Number 40256) and is regulated by the VFSC. The website is owned and operated by FMGP Trading Group Pty Ltd, ABN 74 146 086 017. - 11. ActivTrades
With extensive experience in the forex and CFD sectors dating back to 2001, ActivTrades offers a reliable trading experience. The broker is authorized to operate in multiple regions thanks to licenses from the FCA, SCB, CMVM, CVM, and the FSC (Mauritius). Members of ActivTrades can trade 54 currency pairs, available on MT4, MT5, and the proprietary ActivTrader. Additionally, traders can connect their ActivTrades accounts to TradingView.
The individual account of the broker offers ultra-fast order execution (below 0.004 seconds), with spreads on EUR/USD starting at 0.5 pips. Under each supported instrument, the broker provides information on current spread, market sentiment, leverage, contract size, minimum, and maximum volume. ActivTrades does not charge any commission on your forex trades, offering competitive conditions. The maximum leverage on the currency ticker is 1:30 for retail traders and 1:400 for professional accounts (FCA and CMVM entities). ActivTrades’ offshore entities may allow traders to use leverage up to 1:1000 (Mauritius) and 1:200 (the Bahamas) on EUR/USD trades.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading 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. - 12. Axi
Axi provides access to over 70 forex CFDs, including the EUR/USD pair. Standard account spreads for this currency major average 0.6 pips, whereas Pro account spreads start from 0.0 pips. As Axi Pro accounts have a commission-based structure, a $7 commission per round-trip applies for this currency pair. Elite accounts are designed for large-scale traders, requiring a minimum deposit of $25,000, but offer round-trip commissions as low as $3.50.
CFD traders can consult with the trading platform for the most up-to-date information on overnight holding costs. As a trustworthy broker, Axi operates under licenses issued by the financial authorities in Australia, the UK, and Cyprus. Customers of the brand can get in touch with the support reps via several communication channels, including live chat, email, and toll-free numbers across several regions serviced by the broker.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
About the EUR/USD Pair
The EUR/USD pair is the most liquid and widely traded currency pair globally, with most forex brokers including the pair in their market lists. The Euro was launched in 1999, replacing several legacy European currencies like the Deutsche Mark and French Franc. This historical evolution has contributed to its significance in global trade and finance.
According to the most recent data compiled by the Bank of International Settlements (BIS) in April 2025, the world’s most dominant currency pair makes up 21.2% of all daily forex transactions, followed by USD/JPY with 14.3% and USD/GBP with a 7.6% share.
EUR/USD quotes indicate the amount of US dollars you need to purchase one euro. The left or top side of the pair is known as the base currency, while the right or bottom side is the quote currency. For example, if the pair is trading at 1.14270, this means you will need 1.1427 US dollars to purchase 1 euro.
There are numerous factors that affect the value of both the euro and the US dollar.
- Interest Rate Differentials: The interest rate differential between the European Central Bank (ECB) and the Federal Reserve (Fed) can play a major role in the value changes in this currency pair. Interest rate differentials considerably impact capital flow and investor sentiment, which, in turn, affects EUR/USD price movements.
- Asset Attractiveness: Dollar-denominated assets attract more traders when interest rates in the US are higher than those in the EU, and vice versa.
- Economic Indicators: Economic factors like inflation rates, employment data, and major economic releases can also affect the pair. Higher inflation rates, for instance, often cause the ECB and the Fed to increase interest rates to reduce spending and stabilize the economy, which can impact EUR/USD prices.
- Geopolitical Events: Armed conflicts, trade tariff disputes, and presidential elections can all influence the pair. For example, a major political crisis in a key Eurozone country like France or Germany could cause investors to sell off Euros and buy US dollars instead, leading to a decline in EUR/USD prices. Similarly, trade tensions between the US and the EU, resulting from the imposition of higher tariffs, for example, can create uncertainty and impact economic outlooks, directly affecting the currency pair.
What is Spread in Forex Trading?
Before trading the EUR/USD or any other pair, you need to understand the spread. This is an important element of trading forex, allowing you to determine which broker will give you the best price for your trades.
- Definition: Every currency pair will have a bid (sell) price and an ask (buy) price. The difference between the two values (Ask – Bid) is the spread applied to the respective pair.
- Fixed and Variable Spreads: Spreads can be fixed or variable. Variable spreads tend to be tighter during high liquidity periods but widen during volatility or low liquidity periods like bank holidays or overnight trading. The spread changes as the price tends to fluctuate constantly, with any change in the fourth decimal place of the pair’s prices indicating a pip movement (for pairs quoted in JPY, pip movements happen in the second decimal place of prices).
- How to Calculate the Spread?: Calculating the spread is easy, as you simply calculate the difference between the buy and the sell price, focusing on the fourth decimal of the price. For example, if you have a sell (bid) price of 1.2477 and a buy (ask) price of 1.2479, this means that the spread is 0.0002 (1.2479 – 1.2477 = 0.0002), i.e, 2 pips, since 1 pip = 0.0001 for EUR/USD.
What is the Lowest Spread for EUR/USD?
The brokers we have listed offer some of the tightest spreads on EUR/USD you can find online. To evaluate their competitiveness, however, you need to be aware of the lowest spread you can typically find on this currency pair.
The EUR/USD is the most commonly traded pair, accounting for approximately 21.2% of the total daily forex trading volume. As it is the most popular and traded pair, that usually leads to the lowest spreads associated with trading it. Depending on the broker and market conditions, variable spreads for the EUR/USD typically range between 0.1 and 3.0 pips. Under Raw account structures, this can often drop to 0.0-0.1 pips during peak hours, though such accounts usually involve a separate commission. For fixed spreads, the cost generally ranges from 0.3 to 5 pips, typically without an additional commission per trade.
Comparing these industry standards against specific broker offerings helps traders identify the most cost-effective platforms.
EUR/USD Trading Hours and Optimal Sessions
Generally speaking, the forex market is open at any time of the day; however, the standard day trading hours for the EUR/USD pair are between 7 am and 8 pm (GMT), five days a week (Monday – Friday). During those hours, the best time slot recommended to EUR/USD traders is between 1 pm and 4 pm (GMT). This is the time when the European and US trading hours overlap, meaning the biggest market movements are expected to take place during the hours between 1 pm and 4 pm (GMT).
Since trading volumes during those hours are significantly higher, spreads tend to be tighter. Even though volatility is never static, the most volatile hours for the most popular currency pair are the ones when the European and US trading markets overlap. That is why we recommend trading the EUR/USD pair during its most active time of the day.
Trading EUR/USD with Leverage
Forex traders often use leverage while trading forex CFDs. They must always keep in mind that high leverage can often lead to bigger losses, even with small price fluctuations.
Leverage limits on EUR/USD can differ by jurisdiction due to regulatory restrictions. For example, the US limits leverage to 1:50 for major pairs, while Australia, the UK, and the EU have caps of 1:30 for retail forex trading.
That said, here are the positives and negatives of trading EUR/USD with leverage.
Key Pros
- The EUR/USD offers higher leverage compared to minor and exotic pairs
- The EUR/USD market has high liquidity
- The EUR/USD tends to have the lowest spreads compared to other pairs
- Wide selection of market analysis due to the currency pair’s popularity
- Correlation with major central bank reports released by the Fed and ECB
Key Cons
- High competition due to the currency pair’s popularity
- Higher risks due to potentially higher volatility
- Higher trading volumes may lead to misleading trends
You might also be interested in exploring these top forex brokers:
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- GBP/USD Forex Brokers
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