Discover the top-rated forex broker trading apps that offer lowest spreads for EUR/USD in forex trading. Notably, forex spreads are a critical FX trading factor that decides final transaction costs. For a major currency pair like EUR/USD, many brokers often mislead traders with minimum spreads set to zero.
Typically, these brokers charge a bigger commission on top – eventually increasing overall trading costs. As a forex trader yourself, always compare a broker’s average spread for FX currency pairs to keep your trading costs low. BrokerageToday compared the top forex CFD brokers with lowest spreads for EUR USD. Read on for trusted FX trading brokers with the lowest EUR/USD spreads.
Tickmill
Tickmill is one of the cheapest FX brokers with the lowest EUR-USD spread. With multiple account options, Tickmill offers comparatively low average spreads for various currency pairs. Moreover, these low spreads are combined with competitive trading commissions – reducing your transaction costs over time. Particularly, you can choose between two Tickmill accounts with varying leverage on EUR/USD:
- Pro Account: Take advantage of a lower 0.51 round pips average spread with a competitive $2 commission per lot. With $100 minimum deposits, Tickmill’s Pro accounts are widely accessible – even to novice traders.
- VIP Accounts: While these accounts require $50,000 deposits, you can trade Euro vs US Dollar with a competitive 0.1 pips spread and $1 commission per lot
Definitely, trade with Tickmill forex broker for competitive EUR/USD spreads in forex.
IC Markets
Read the IC Markets Review to learn more about the top-rated forex broker with the lowest EUR/USD spreads. With low 0.0 minimum spreads, IC Markets offers the most competitive average trading cost in the industry. When combined with low tools, these tight spreads create the ideal conditions for active day traders.
In addition, this regulated forex broker Iran only offers variable spreads on major currency pairs. As a result, you may encounter fluctuating prices for EUR/USD – based on the current market conditions. Of course, you can always reach out to IC Markets’ customer support for active assistance on latest spreads, commissions, and other trading fees. Indeed, choose IC Markets to reduce trading costs on Euro USD currency pair.
AvaTrade
AvaTrade is among the best brokerages with the lowest EUR-USD spreads. When trading EUR/USD, you can manage positions with a lower 0.9 pips. Meanwhile, other major currency pairs like USD/JPY and AUD/USD for a competitive 1.0 pips. In addition to lower spreads, you can execute EUR USD trades without paying any commissions. If you’re eligible, you can also open positions with a higher 1:400 leverage for several major pairs.
Comparing AvaTrade vs Exness, higher leverage combined with low spreads can help open high-return positions – at affordable trading costs. In addition to EUR USD, you can also take advantage of competitive spreads on other currency pairs, including:
- GBP/USD – 1.3
- USD/JPY – 1.3
- EUR/JPY – 1.8
- AUD/USD – 1.1
- EUR/CHF – 1.6
- USD/CAD – 1.8
- USD/CHD – 1.3
AvaTrade vs Interactive Brokers further reveals that this forex broker requires no additional fees on deposits or withdrawals – reducing your costs on major currencies. Indeed, choose the AvaTrade broker for lowest EUR USD spread broker while trading forex.
eToro
eToro is another lowest EUR-USD spread broker for FX trading. With eToro, you can trade this major currency pair with a competitive spread of 1.1 pips. Moreover, eToro covers brokerage commissions within this lower spread – creating opportunities to trade without any additional charges.
Similar to the Euro US Dollar pair, you can trade a wide range of major, minor, and exotic currency pairs with competitively low spreads. Particularly, you can trade up to 55+ currency pairs with spreads starting from 0.0 pips. Read our eToro review then trade for the lowest spreads on EUR/USD currency pairs.
Pepperstone
Pepperstone is one of the most reputable low EUR USD spread forex brokers. An Australian-based broker – Pepperstone charges 0.09 pips minimum spread for this currency pair. According to this Pepperstone Broker review, you are required to pay 7 units of commission on the base currency Euro to execute your trades.
As one of the best forex brokers in UAE, Pepperstone also supports a competitive 30:1 leverage for EUR/USD retail traders for European clients. Meanwhile, offshore traders can also execute low spread trades with an even higher 500:1 leverage on various currency pairs. Indeed, Pepperstone offers cost-effective pricing for traders looking to manage EUR-USD currency pairs.
Why Choose Forex Brokers With Zero Spreads For EUR USD
There are several reasons to choose forex brokers with zero spreads for the EUR/USD pair. Low-spread brokerages have become an increasingly popular choice to increase profits, reduce trading costs, and earn bigger. These brokers help execute FX currency trades without paying additional charges on a regular spread.
If you’re looking to trade currencies, choose day trading offshore brokers with zero spreads that best suit your trading requirements. To make an informed decision, you should also compare the broker’s features, non-trading charges, and supported technology platforms. Read on for various factors to choose zero-spread forex brokers for major currency pairs.
Lower Transaction Costs
Lower transaction costs are a major reason to choose no spread forex brokers on EUR and USD. Typically, lower spreads can help reduce your trading costs before you make a profit or experience a major loss. For instance, a broker with 1 pips on EUR/USD will only require you to pay $50 to trade five standard lots. Meanwhile, your trading cost will increase for the same trading lot with a broker charging 1.5 pips. Particularly, low spread crypto pairs brokers are ideal for:
- Scalpers: Looking to execute multiple FX positions every day to generate profits on even the smallest price movements
- High-Frequency Day Traders: Planning to hold multiple profitable positions every day at a lower trading cost
Definitely, read E*Trade and Interactive Brokers comparison to evaluate how zero spreads help lower your transaction costs on FX currencies.
Increased Long Term Profitability
Low-spread forex brokers for EUR USD also increase long-term profitability. Even the smallest 0.5 pips difference between spreads can affect your earnings over time. For instance, you can increase your profits by $5200 in 10 years with a small 0.5 pips spread difference between two brokers.
To increase your profitability, you should always calculate a broker’s average spread on currency pairs. Many FX brokers may charge zero spread on the EURO US Dollar and increase costs for other minor currency pairs. For multi-asset brokers, these spread differences can reduce long-term profitability. Follow these points to select a zero-spread brokerage platform to increase your profits:
- Evaluate the spread-to-commission ratio to balance your overall trading costs
- Factor in other trading charges – including inactivity, withdrawal, and deposit fees
- Avoid partners with miscellaneous trading charges
Definitely, take advantage of zero-spread FX currency brokerage to increase your profits in future.
Higher Transparency
In addition, low-spread forex brokers also offer better price transparency. With a stellar reputation, low-cost brokers maintain a higher transparency for all trading costs – allowing you to make informed decisions.
In fact, you can always check the current spreads for all currency pairs. Ultimately, this transparency can help engage in various trading instruments to capitalize through scalping, swing, and day trading strategies. Indeed, choose the lowest EUR/USD spread brokers to take advantage of higher transparency.
Better Risk Management
Finally, better risk management is another reason to choose the lowest spread forex brokers for EUR USD. Low spreads help eliminate the gap between entry and exit points for your opened positions. You can maintain smaller entry/exit gaps – even during the most volatile market price swings. Ultimately, these tight gaps help reduce risk exposure on your trades. This way, you can risk a wide variety of trading strategies without exposing your funds to high risks, including:
- High-Frequency Trading
- Active Day Trading
- Scalping
- News Trading
- Copy Trading
Definitely, choose forex brokers with the lowest trading costs for major currency pairs.
There are several reasons to choose the lowest EUR/USD spread forex brokers. FX brokerage partners like Tickmill, AvaTrade, and Pepperstone can help reduce your trading costs drastically. Over time, trading with these brokerage platforms can help increase your profitability and earning potential. As per Tradovate vs NinjaTrader comparison, competitive spreads create better transparency for traders – allowing you to mitigate potential risks on each trade. Follow the above points to choose the most trusted forex brokers with zero spreads for EUR USD.