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 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 is a ASIC-regulated broker launched in 2017. With no minimum deposit and institutional-grade EUR/USD pricing, it suits traders who prioritise tight all-in EUR/USD costs.
AAAFX
Headquartered in Athens, Greece, AAAFX is among the cheapest brokers for EUR/USD trading. Expect typical raw spread of 0.0 pips plus $2.0 round-turn commission — competitive for this category.
Interactive Brokers
Interactive Brokers is among the cheapest brokers for EUR/USD trading. The broker is notable for operating since 1978 (48 years), regulated by SEC and CFTC — factors that matter to traders looking at tight all-in EUR/USD costs.
FP Markets
Operating since 2005 (21 years) and regulated by ASIC and CySEC, FP Markets ranks among the cheapest brokers for EUR/USD. The broker offers typical raw spread of 0.1 pips plus $6.0 round-turn commission, placing it among the more competitively-priced options on this list.
IC Markets
IC Markets is a ASIC and CySEC-regulated broker founded in 2007. With a $200.0 minimum deposit and institutional-grade EUR/USD pricing, it suits traders who prioritise tight all-in EUR/USD costs.
Tickmill
Headquartered in London, United Kingdom, Tickmill is among the cheapest brokers for EUR/USD trading. Expect typical raw spread of 0.1 pips plus $6.0 round-turn commission — competitive for this category.
FXTM
FXTM is among the cheapest brokers for EUR/USD trading. The broker is notable for founded in 2011, regulated by FCA and CySEC — factors that matter to traders looking at tight all-in EUR/USD costs.
Pepperstone
Founded in 2010 and regulated by ASIC and FCA, Pepperstone ranks among the cheapest brokers for EUR/USD. The broker offers typical raw spread of 0.1 pips plus $7.0 round-turn commission, placing it among the more competitively-priced options on this list.
MultiBank
MultiBank is a ASIC and BaFin-regulated broker operating since 2005 (21 years). With a $50.0 minimum deposit and institutional-grade EUR/USD pricing, it suits traders who prioritise tight all-in EUR/USD costs.
Vantage
Headquartered in Sydney, Australia, Vantage is among the cheapest brokers for EUR/USD trading. Expect typical raw spread of 0.0 pips plus $6.0 round-turn commission — competitive for this category.
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