| Updated: July 3, 2024If you are looking for a trustworthy broker catering to EUR/GBP traders, you can rely on our list of top forex brokers. All of the brands we have covered offer tight spreads on this major currency pair, with zero commission also being a perk that many of the brokers on our list will offer.
Fusion Markets74-89% of retail CFD accounts lose money
IC Markets70.64% of retail investor accounts lose money
FP Markets73.85% of retail investor accounts lose money
Markets.com74.2% of retail investor accounts lose money
AvaTrade76% of retail investor accounts lose money
Pepperstone75.5% of retail investor accounts lose money
FXCM70% of retail investor accounts lose money
Admirals73% of retail investor accounts lose money
FxPro74% of retail investor accounts lose money
XM Group72.82% of retail investor accounts lose moneyComprehensive Comparison of the Top 10 EUR/GBP Forex Brokers
| Forex Broker | EUR/GBP Spread | EUR/GBP Commissions | Number of FX pairs to trade | Trust Pilot Rating |
|---|---|---|---|---|
| 1. Fusion Markets | 0.15 | $0 Classic Account, $4.50 round turn on Zero Account | Over 200 | 4.9 ⭐ |
| 2. FP Markets | 0.30 | $0 Standard Account; $6 round turn on Pro Account | 70+ | 4.8 ⭐ |
| 3. FxPro | 0.67 | $0 on Standard Account; $3.5 per side on Raw+ and Elite Accounts | 70+ | 3.9 ⭐ |
| 4. Admirals | 0.7 | $3 per lot | 82 | 4.1 ⭐ |
| 5. IC Markets | 0.8 | $0 Standard MT; $6 round turn on Raw cTrader; $7 round turn on Raw MT | 61 | 4.8 ⭐ |
| 6. Markets.com | 0.9 | $0 | 50+ | 4.7 ⭐ |
| 7. FXCM | 1 | $0 | 40+ | 4.2 ⭐ |
| 8. AvaTrade | 1.2 | $0 | 250+ | 4.5 ⭐ |
| 9. Pepperstone | 1.2 | $0 (Standard Account), $7 round-turn (Razor Account) | 100 | 4.5 ⭐ |
| 10. XM Group | 1.5 | $0 Ultra Low Micro and Ultra Low Standard Accounts; $3.50 per side XM Zero Account | 50+ | 2.7 ⭐ |
Top 10 Brokers Offering the Lowest Spread for EUR/GBP
- 1. AvaTrade
Having its start as a retail broker in 2006, today AvaTrade is one of the best destinations for forex and CFD trading. In addition to meeting the preferences of various traders, the brand ensures a safe and fair trading environment, following guidelines stipulated by top regulators like FFAJ, CySEC, ASIC, ISA, and more.
If trading currency pairs is your preferred activity, you will be pleased with the fact that AvaTrade offers 55 major, minor, and exotic pairs to trade. Of course, it also offers its clients the option to trade EUR/GBP, with an average spread of 1.2 allowing investors a reasonable price for their trades. Vanilla options may also appeal to traders, allowing them to handle every aspect of their trading, reducing the risk level when trading currency pairs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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. - 2. IC Markets
IC Markets is a top-tier retail broker we recommend to forex traders, with 75 different pairs available to trade. Major options like the EUR/GBP pair will also be covered by the brand, offering traders the best value for their trades. The brand started its journey in 2007 and has managed to achieve popularity among numerous traders worldwide. Authorities like ASIC and CySEC monitor the operations of IC Markets, ensuring safer and fairer trading.
Forex traders will have the opportunity to choose from popular platforms like MT4 and MT5 as well as one of the newest additions to trading – cTrader. Low spreads starting from 0.0 are included in the perks one can enjoy while trading with IC Markets, with low commission rates also contributing to the low cost of trading with this broker.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.64% 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. Fusion Markets started offering its services to traders in 2017, allowing them to trade various products like forex, precious metals, stocks, indices, and more. Nowadays, the broker is a top choice for numerous traders from around the world, with Fusion Markets operating under licenses authorized by regulators like ASIC, VFSC, and FSA.
When it comes to forex trading, clients of the broker will be able to trade the popular EUR/GBP along with 200+ other currency pairs. The great abundance of trading options can be accessed through various popular trading platforms including MT4, MT5, and cTrader. You can trade EUR/GBP with a low spread of 0.0, which in combination with Fusion Markets’ low commission rates will give you the best value for your trades.
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.- 4. FP Markets
The next reputable broker on our list is FP Markets, which is a well-experienced brand, having its business started in 2005. The broker offers trading on a vast variety of assets, with traders from multiple countries being welcomed to join FP Markets. To ensure the safety of traders, watchdogs like ASIC and CySEC regulate the operations of the brand.
Being a major currency pair, EUR/GBP is covered as a trading option in the Forex section of FP Markets. There, you can find more than 60 currency pairs to trade with, with tight spreads starting from 0.0 and competitive commission rates offering traders great value for their trading sessions.
10 per quarter for non-AU traders; 20 per quarter and notional volume of AU$1,000,000 per 4 quarters in the last 1 year 73.85% of retail CFD accounts lose money - 5. FXCM
FXCM is one of the most reputable brokers you can come across online, starting its business way back in 1999. Many years later, the brand caters to a wide range of traders, offering them to trade forex, crypto, stock, CFDs, and more assets. The worldwide presence of the brand is supported by regulators like FCA, CySEC, ASIC, ISA, FCCA, and IIROC.
Since we are focusing on forex trading, we would like to note that traders will be able to choose from over 40 currency pairs, with EUR/GBP being one of them. The popular currency, as well as other major options, offer competitively low spreads and zero commission, making FXCM one of the best choices for your EUR/GBP trading sessions.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. Markets.com
Traders can also head to Markets.com for their trading sessions, with the brand covering a wide range of CFD assets, including forex, crypto, commodities, and ETFs, to name a few. The brand went live in 2008, with a dedicated team of experts striving to offer the best trading conditions to any type of investor. To ensure secure trading, Markets.com is compliant with a wide range of strict conditions imposed by regulators like FCA, ASIC, CySEC, and more.
Forex traders will be given the chance to trade 56 different currency pairs, including various popular, minor, and exotic options. EUR/GBP is also among the major currency pairs one can trade on the platforms supported by Markets.com. The reason why this broker is a great option for forex traders is the combination of low spreads and competitive commission rates that one can enjoy while trading their most preferred currency pairs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.2% 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. FxPro
Since its inception in 2006, FXPro has grown enough to become one of the best brokers in the global forex trading scene. The brand ensures competitive pricing and fair trading conditions to make sure that all of its clients can enjoy the best value for their trading orders. The operations of FXPro are regulated by CySEC and FSCA – two of the top-tier regulatory bodies in the trading sector.
Among the 70+ currency pairs you can trade as a member of FXPro, you will also discover the EUR/GBP currency ticker. Depending on the account you choose to open, you can enjoy spreads as low as 0.0 and competitively low commission rates to make your trading sessions extra rewarding.
Trade Responsibly. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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. - 8. Admirals
Admiral Markets gives its users the chance to trade more than 8,000 different instruments, enabling investors to trade forex, stocks, EFTs, crypto, bonds, and more. The company was founded in 2001, making it one of the most well-experienced brokers on the global market. Admiral Markets is allowed to offer its financial services to its clients thanks to authorizations issued from CySEC, ASIC, JSC, and FSCA.
Forex traders will be given access to 82 currency pairs, available across a wide range of trading platforms, including a proprietary trading software launched for Admiral Markets clients. Traders can reduce their trading costs thanks to competitively low spreads and low commissions. That makes Admiral Markets one of the best brokers you can resort to for your EUR/GBP trading.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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. - 9. XM Group
Based on various features like low trading cost, easy registration, and secure trading, XM is considered to be one of the best forex brokers you can join online. The brand started offering its financial services to traders in 2009, with its operations being regulated by ASIC and CySEC – two of the biggest regulatory bodies in the Australian and European trading sectors.
Trading platforms like MT4, MT5, and XM Trader will allow you access to more than 50 currency pairs, including the major option EUR/GBP. You can get the best value for your trades, with a spread as low as 0 pips on XM Zero Accounts and 0.6 pips on major pairs like EUR/GBP for standard account holders.
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. - 10. Pepperstone
Many traders can confirm that Pepperstone is one of the best brokers for your forex trading endeavors, offering the best value for your investments and trades. The brand was launched in 2010, offering its members access to a wide selection of assets like forex, stocks, commodities, ETFs, and more. You can be sure that orders placed on any of Pepperstone’s platforms are executed securely, with major regulators like FCA, ASIC, and DFSA monitoring the business carried out by Pepperstone.
With over 90 currency pairs to trade, it is only natural that the major currency pair EUR/GBP is also available to members of the broker. Being one of the pairs enjoying the biggest trading volumes, EUR/GBP offers competitively low spreads of 1.20 for regular accounts and 0.20 for professional traders.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.5% 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.
About the EUR/GBP Pair
One of the major currency pairs you can find at any reputable forex broker is the EUR/GBP. Simply put, it represents the exchange rate between the Euro and the British Pound, indicating how many British Pounds are needed to purchase one Euro.
If you wish to trade the pair, you must keep in mind the factors that can impact the price of the EUR/GBP ticker. The interest rates determined by the European Central Banks (RCB) and the Bank of England (BoE) for the UK will have a direct influence on the price of the EUR/GBP pair. Economic Indicators such as GDP growth, inflation rates, employment figures, and trade balances can impact currency values. Brexit developments can also significantly impact the EUR/GBP pair.
What is Spread in Forex Trading?
In forex trading, the spread refers to the difference between the bid (buy) price and the ask (sell) price of a currency pair. The spread can also be explained as the transaction cost for executing a trade in the forex market. It is measured in pips, which is the smallest price movement in a currency pair’s exchange rate, noticed in the fourth digit placement of the price.
Spread is easily calculated by extracting the bid price from the ask value. For example, if the EUR/GBP currency pair has a bid price of 1.2000 and an ask price of 1.2005, the spread would be 5 pips. Different factors may affect the spread, with liquidity playing a major role in determining the spread of a pair. More liquid currency pairs typically have tighter spreads because there are more buyers and sellers in the market. The EUR/GBP is one of the pairs that enjoy higher trading volumes, making it one of the tickers that tend to have a tighter spread, which is extremely beneficial for forex traders.
What is the lowest spread for EUR/GBP?
Finding the lowest spread is crucial for more successful EUR/GBP trading sessions but one should keep in mind that due to constant price fluctuations, the spread may also change. In addition, there are different factors that may affect the spread of the pair, with some brokers charging retail traders no commissions but building surcharges into the spread.
Since the EUR/GBP pair is a major currency option, broker companies tend to offer tighter spreads. Some forex brokers strive to provide competitive spreads for the pair, with the spread value going as low as 0.1 to 0.5 pips. Since many brokers will allow their clients to open professional trading accounts that allow the trade of significantly bigger volumes, the spread can often be further reduced, reaching 0.0 pips. That said, it is important to keep in mind that the spread can widen during increased volatility or low liquidity.
How Long are EUR/GBP Markets Open?
While the forex market operates 24 hours a day, five days a week, specific markets’ trading sessions have a direct impact on the EUR/GBP pair trading. The best hours to trade the major currency pair typically coincide with the overlap of trading sessions for the Eurozone and the UK. The London session is one of the most liquid forex trading sessions, typically active from 8 am to 4 pm (GMT). During this time slot, both the Eurozone and the UK markets are open, leading to increased trading activity and liquidity for the major EUR/GBP currency pair.
The time of the day when the London session overlaps with other European sessions like the Frankfurt, Zurich, and Paris trading sessions, can also see an increase in trading volumes for the EUR/GBP pair. Such overlaps typically occur between 8 am and 10 am (GMT).
Trading EUR/GBP with a Leverage
Leverage is one of the most significant factors in forex trading, with most traders enjoying higher leverage ratios as they can promise them significant returns whenever they trade the EUR/GBP pair. Allowed leverage may differ according to the broker’s policy and mandatory limits imposed by regulatory bodies. That said, since EUR/GBP is a major pair that enjoys higher trading activity it typically offers higher leverage.
If you are wondering if it is a good idea to trade the currency pair, making use of leverage, you should consider a few pros and cons of this type of trade. As mentioned, the EUR/GBP typically allows higher leverage, which may offer big returns. However, this also indicates a higher risk level, which can often lead to massive losses.
Since EUR/GBP is a major currency ticker, it is typically available at any reputable forex broker. What is more, due to its typically high trading volumes, the pair often comes with an extremely low spread, offering traders lower costs for their trades.
The trading sessions during which the pair enjoys higher trading activity allow a large number of day traders to engage in EUR/GBP trading. However, the best trading hours may not be suitable for traders used to the trading sessions outside Europe.
You might also be interested in exploring these top forex brokers:
- USD/JPY Forex Brokers
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- AUD/USD Forex Brokers
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