FXScouts has been the UK’s most trusted Forex broker review site since 2019. Our team has written 100+ broker reviews and we constantly test to maintain accuracy. This is how we review brokers.

We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this site you agree to our Terms of Service.

AuthorBy Chris Cammack
Updated: July 5, 2022

EUR/GBP Background

One of the few major currency pairs that do not feature the USD, the EUR/GBP responds to the economic developments in the Eurozone and the United Kingdom. While both currencies in this pair are heavily affected by the strength of the USD, the movement between the EUR and GBP usually revolves around economic policy set by the European Central Bank and the Bank of England. In recent years, the price movement of this currency pair has been heavily influenced by the UK’s decision to leave the EU in 2016 and the COVID-19 pandemic and subsequent vaccination efforts.

The best time to trade the EUR/GBP is during the European and British trading day, when price movement is most active. Like other major pairs, spreads are generally tight, averaging about 1.5 pips though sometimes much lower at times of high volatility. 

The table below shows the Forex brokers with the lowest trading costs for EUR/GBP, including the spread and commission. It also details the industry average spread and industry average trading cost for 1 lot of EUR/GBP.

Best EURGBP Forex Brokers

Scroll for more detailsPreviousNext
Broker
Overall Rating
Official Site
Min. Spread
Commission
Cost of Trading (USD)
Ind. Avg. Spread
Ind. Avg. Trading Cost
Max. Leverage (Forex)
International Regulators
Trading Desk
Hedging
Scalping
Compare
IG
4.69 /5
Read Review
Visit Broker >
Your capital is at risk
2.51 pipsUSD 0USD 25.101.50 pipsUSD 20.3930:1FCA Regulated Forex BrokersASIC Regulated BrokersBundesanstalt für FinanzdienstleistungsaufsichtFinansinspektionenMarket Maker
Capital.com
4.68 /5
Read Review
Visit Broker >
Your capital is at risk
1.50 pipsUSD 0USD 151.50 pipsUSD 20.3930:1FCA Regulated Forex BrokersCySEC Regulated BrokersASIC Regulated BrokersMarket Maker
Pepperstone
4.61 /5
Read Review
Visit Broker >
Your capital is at risk
1.00 pipsUSD 0USD 101.50 pipsUSD 20.3930:1FCA Regulated Forex BrokersASIC Regulated BrokersCySEC Regulated BrokersDFSA Regulated Forex BrokersBundesanstalt für FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets AuthorityNDD
Markets.com
4.49 /5
Read Review
Visit Broker >
Your capital is at risk
2.60 pipsUSD 0USD 261.50 pipsUSD 20.3930:1FCA Regulated Forex BrokersCySEC Regulated BrokersASIC Regulated BrokersFinancial Services Conduct AuthorityBritish Virgin Islands Financial Services CommissionMarket Maker
AvaTrade
4.48 /5
Read Review
Visit Broker >
Your capital is at risk
1.50 pipsUSD 0USD 151.50 pipsUSD 20.3930:1ASIC Regulated BrokersFinancial Services Conduct AuthorityBritish Virgin Islands Financial Services CommissionFinancial Services AgencyCySEC Regulated BrokersCentral Bank of IrelandMarket Maker
Tickmill
4.48 /5
Read Review
Visit Broker >
Your capital is at risk
0.40 pipsUSD 4USD 81.50 pipsUSD 20.3930:1CySEC Regulated BrokersFCA Regulated Forex BrokersLabuan Financial Services AuthorityFinancial Services Conduct AuthorityThe Seychelles Financial Services AuthoritySTP
IC Markets
4.46 /5
Read Review
Visit Broker >
Your capital is at risk
1.27 pipsUSD 0USD 12.701.50 pipsUSD 20.3930:1CySEC Regulated BrokersASIC Regulated BrokersThe Seychelles Financial Services AuthorityECN/DMA
Admiral Markets
4.34 /5
Read Review
Visit Broker >
Your capital is at risk
1.00 pipsUSD 0USD 101.50 pipsUSD 20.3930:1ASIC Regulated BrokersCySEC Regulated BrokersFCA Regulated Forex BrokersFinancial Services Conduct AuthoritySTP
Axitrader
4.34 /5
Read Review
Visit Broker >
Your capital is at risk
0 pipsUSD 0USD 01.50 pipsUSD 20.3930:1FCA Regulated Forex BrokersASIC Regulated BrokersFinancial Markets Authority of New ZealandDFSA Regulated Forex BrokersECN/DMA
FXTM
4.33 /5
Read Review
Visit Broker >
Your capital is at risk
2.40 pipsUSD 0USD 241.50 pipsUSD 20.3930:1CySEC Regulated BrokersFCA Regulated Forex BrokersFinancial Services CommissionECN/DMA, Market Maker

Featured Brokers

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Close
>