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Lowest Spread Forex Brokers For EUR/USD

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In trading platforms, each financial instrument has two prices: the Bid and Ask. Traders use the Ask Price for buying and the Bid Price for selling, with the difference known as the spread – a fee for brokers and a cost for traders. A narrower spread is preferable. Brokers usually offer the lowest spread for popular pairs like EUR/USD, representing about 20% of forex market trading volumes, with daily price fluctuations of up to 120 pips. If you're seeking brokers with the best EUR/USD spread, the list below can aid in finding a suitable option.


Apr 27 2024

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Score Broker EUR/USD Spread Min Deposit Max Leverage Regulation

In forex trading, the spread is the difference between a currency pair's Bid and Ask prices. The bid price is the price at which a broker is willing to buy a currency, and the Ask price is the price at which a broker is willing to sell a currency. The spread is the cost a trader pays the broker to enter or exit a trade.

The lowest spread for EUR/USD varies depending on the broker, but it can be as low as 0.1 pips. It is important to note that the spread is not the only factor to consider when choosing a forex broker. Other factors should also be considered, such as the fees charged by the broker, the trading platform offered, and the customer support available.

A good spread for EUR/USD typically ranges between 0.1 to 1.0 pip. However, the definition of a "good" spread can vary depending on market conditions, the broker's policies, and your trading strategy. Lower spreads are generally more favorable for traders as they reduce trading costs. Still, it's essential to consider other factors, such as execution speed, reliability, and the broker's overall reputation, when evaluating your best trading option.

The average spread for EUR/USD varies depending on the broker, but it is typically around 1.0 pips. However, the spread can be as low as 0.1 or 2.0 pips, depending on the broker and the market conditions. 

Low spreads can affect trading EUR/USD in several ways.

  • Smaller trading costs: A lower spread means you pay less to enter and exit trades. This can be a significant advantage for traders scalping or taking other short-term trading strategies, as it can help them maximize their profits.
  • Increased liquidity: A lower spread can indicate that the currency pair is more liquid. This means more buyers and sellers are in the market, making it easier to trade the pair without affecting the price.
  • Reduced risk: A lower spread can also reduce the risk of losses. This is because you are paying less to enter and exit trades, so you have less money at risk.

Additional FAQ

The GBP/USD is often recognized as having a positive correlation with the EUR/USD pair. Here's a chart that shows the positive dynamic between GBP/USD and EUR/USD on a daily chart:

GBP/USD correlation with EUR/USD

Many traders use this correlation to hedge both pairs. The strategy involves opening positions in GBP/USD and EUR/USD at the same time. If the hedging strategy is applied to offset the losses, traders tend to trade GBP/USD and EUR/USD oppositely. But, if the hedging's purpose is to optimize the potential profit, traders would trade GBP/USD and EUR/USD in the same direction.

Continue Reading at Tips on How to Trade GBP/USD

Forex brokers usually apply lower spreads to the EUR/USD pair compared to other currencies. This factor makes the pair very suitable for scalpers as the costs for trading the pair become more efficient. However, EUR/USD is also good for day trader and swing trader, although you have to be careful of price spikes every now and then as the pair will often spontaneously reacts to high-impact news before going back to its original trend.

Continue Reading at EUR/USD Fundamentals and Trading Tips

The overlap session of London and New York is a favorite time for short-term traders. This is because major pairs involving the Euro, US Dollar, Pound, and others are experiencing significant range increases during this session.

If you are using a news trading strategy, the best time to trade the EUR/USD is during the overlap session. But if you want to apply breakout trading, then you can take advantage of the rapid movements at the beginning of the London session.

Continue Reading at 5 EUR/USD Facts Every Beginner Should Know

The EUR/USD pair is well-known for its high volatility. To this day, the EUR/USD remains the most volatile pair in forex history. This fact has attracted the attention of many traders in the market.

As the single currency of several countries, the Euro is greatly influenced by the political and economic developments of these countries. In just one day, there are many different data releases from its 16 member countries. On the other hand, news throughout the day related to the US economy and its major trading partners will also affect the value of the Dollar. Thus, it is clear that there are many opportunities to take advantage of the EUR/USD, even with small price movements.

Continue Reading at 5 EUR/USD Facts Every Beginner Should Know