fbpx

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.

AuthorAuthor: Chris CammackUpdated: March 9, 2022

Last Updated On March 9, 2022

Chris Cammack

EUR/JPY Background

While not as heavily traded as currency pairs involving the USD, the EUR/JPY has some unique characteristics that make it worthwhile for some traders. Historically a low-yielding currency, the JPY is a favourite for traders who wish to carry trades; ie. borrow JPY cheaply and purchase EUR, historically a high-yielding currency.

Because carry-trading is more popular in times of economic stability and growth, the EUR/JPY is more affected by market sentiment than many other currency pairs. EUR/JPY traders also need to be aware of monetary policy in both the Eurozone and Japan. Because it is less commonly traded, spreads can be relatively wide for the EUR/JPY, averaging about 1.8 pips.

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

Best EURJPY Forex Brokers

Scroll for more detailsPreviousNext
Broker
Broker Score
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
Pepperstone
4.61 /5
Read Review
Visit Site >
89%74- of retail CFD accounts lose money
1.00 pips
USD 0
USD 10
1.80 pips
USD 20.07
200:1
FCA Regulated Forex Brokers
ASIC Brokers
CySEC Regulated Brokers
DFSA Regulated Forex Brokers
Bundesanstalt für Finanzdienstleistungsaufsicht
Securities Commission of the Bahamas
Capital Markets Authority
NDD
IG
4.69 /5
Read Review
Visit Site >
71% of retail CFD accounts lose money
2.57 pips
USD 0
USD 25.70
1.80 pips
USD 20.07
200:1
FCA Regulated Forex Brokers
ASIC Brokers
Financial Services Conduct Authority
Bundesanstalt für Finanzdienstleistungsaufsicht
Financial Markets Authority of New Zealand
DFSA Regulated Forex Brokers
Financial Services Agency
Commodity Futures Trading Association
Market Maker
Markets.com
4.68 /5
Read Review
Visit Site >
70.3% of retail CFD accounts lose money
3.60 pips
USD 0
USD 36
1.80 pips
USD 20.07
300:1
FCA Regulated Forex Brokers
CySEC Regulated Brokers
ASIC Brokers
Financial Services Conduct Authority
British Virgin Islands Financial Services Commission
Market Maker
Tickmill
4.58 /5
Read Review
Visit Site >
71% of retail CFD accounts lose money
0.50 pips
USD 4
USD 9
1.80 pips
USD 20.07
500:1
CySEC Regulated Brokers
FCA Regulated Forex Brokers
Labuan Financial Services Authority
Financial Services Conduct Authority
The Seychelles Financial Services Authority
DFSA Regulated Forex Brokers
STP
IC Markets
4.56 /5
Read Review
Visit Site >
70.81% of retail CFD accounts lose money
1.30 pips
USD 0
USD 13
1.80 pips
USD 20.07
500:1
CySEC Regulated Brokers
ASIC Brokers
The Seychelles Financial Services Authority
Securities Commission of the Bahamas
ECN/DMA
AvaTrade
4.59 /5
Read Review
Visit Site >
76% of retail CFD accounts lose money
1.80 pips
USD 0
USD 18
1.80 pips
USD 20.07
400:1
ASIC Brokers
Financial Services Conduct Authority
CySEC Regulated Brokers
Financial Services Agency
Central Bank of Ireland
Financial Regulatory Services Authority
Market Maker
XM
4.45 /5
Read Review
Visit Site >
75.33% of retail CFD accounts lose money
0 pips
USD 0
USD 0
0 pips
USD 0
1000:1
CySEC Regulated Brokers
ASIC Brokers
DFSA Regulated Forex Brokers
International Financial Services Commission
Financial Services Conduct Authority
Market Maker
Axitrader
4.44 /5
Read Review
Visit Site >
75.6% of retail CFD accounts lose money
1.40 pips
USD 0
USD 14
1.80 pips
USD 20.07
500:1
FCA Regulated Forex Brokers
CySEC Regulated Brokers
ASIC Brokers
Financial Markets Authority of New Zealand
DFSA Regulated Forex Brokers
Financial Services Authority – St. Vincent & the Grenadines
ECN/DMA
Forex.com
4.62 /5
Read Review
Visit Site >
68%Hello Chrisof retail CFD accounts lose money
2.50 pips
USD 0
USD 25
1.80 pips
USD 20.07
200:1
FCA Regulated Forex Brokers
ASIC Brokers
Monetary Authority of Singapore
CySEC Regulated Brokers
Cayman Islands Monetary Authority
Market Maker
Eightcap
4.53 /5
Read Review
Visit Site >
N/A of retail CFD accounts lose money
0.59 pips
USD 7
USD 12.90
1.80 pips
USD 20.07
500:1
ASIC Brokers
Securities Commission of the Bahamas
FCA Regulated Forex Brokers
CySEC Regulated Brokers
Market Maker NDD

Stay updated

This form has double opt in enabled. You will need to confirm your email address before being added to the list.

Close
>