How We Rank Brokers
EUR/USD is 20% of global forex volume. For active traders, even a 0.3-pip cost difference compounds to thousands of dollars monthly. Pick a broker that prices this pair aggressively.
Typical EUR/USD Spread (35%)
Average raw spread on EUR/USD during London-NY overlap
Round-Turn Commission (30%)
Commission per standard lot on raw account
All-In Cost Score (15%)
Combined spread-plus-commission cost in pips
Execution Speed (15%)
Average fill latency during high-volume periods
Regulation (5%)
Tier-1 regulatory licensing
Top 10 Cheapest Forex Brokers for EUR/USD
Ranked by all-in cost (typical raw spread plus commission converted to pips) during London-NY overlap. Lower total cost ranks higher.
Fusion Markets
Fusion Markets brings some of the industry's tightest EUR/USD spreads. Regulated by ASIC and operating since 2017 (9 years), it offers no minimum deposit entry and supports MetaTrader 4 · MetaTrader 5 · cTrader.
Interactive Brokers
Interactive Brokers brings some of the industry's tightest EUR/USD spreads. Regulated by CFTC/NFA · FCA · ASIC and operating since 1978 (48 years), it offers no minimum deposit entry and supports Trader Workstation · IBKR Mobile · FIX API.
IC Markets
IC Markets brings some of the industry's tightest EUR/USD spreads. Regulated by ASIC and operating since 2007 (19 years), it offers a $200 minimum entry and supports MetaTrader 4 · MetaTrader 5 · cTrader.
FP Markets
FP Markets brings some of the industry's tightest EUR/USD spreads. Regulated by ASIC and operating since 2005 (21 years), it offers a $100 minimum entry and supports MetaTrader 4 · MetaTrader 5 · cTrader.
Pepperstone
Pepperstone brings some of the industry's tightest EUR/USD spreads. Regulated by FCA · ASIC · BaFin and operating since 2010 (16 years), it offers no minimum deposit entry and supports MetaTrader 4 · MetaTrader 5 · cTrader.
Tickmill
Tickmill brings some of the industry's tightest EUR/USD spreads. Regulated by FCA and operating since 2015 (11 years), it offers a $100 minimum entry and supports MetaTrader 4 · MetaTrader 5 · TradingView.
BlackBull Markets
BlackBull Markets brings some of the industry's tightest EUR/USD spreads. Regulated by FMA · FSPR and operating since 2014 (12 years), it offers no minimum deposit entry and supports MetaTrader 4 · MetaTrader 5 · cTrader.
Vantage
Vantage brings some of the industry's tightest EUR/USD spreads. Regulated by FCA · ASIC and operating since 2009 (17 years), it offers a $50 minimum entry and supports MetaTrader 4 · MetaTrader 5 · TradingView.
Eightcap
Eightcap brings some of the industry's tightest EUR/USD spreads. Regulated by FCA · ASIC and operating since 2009 (17 years), it offers a $100 minimum entry and supports MetaTrader 4 · MetaTrader 5 · TradingView.
Axi
Axi brings some of the industry's tightest EUR/USD spreads. Regulated by FCA · ASIC · FMA and operating since 2007 (19 years), it offers no minimum deposit entry and supports MetaTrader 4 · MetaTrader 5 · PsyQuation.
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Lowest EUR/USD total cost (spread + commission).
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