Select a different country or region to view content tailored to your location.
Discover the latest movements and expert technical analysis on the EUR/USD currency pair, with an interactive live chart and a comprehensive list of brokers offering the lowest trading costs for this dynamic market.
60-90% 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.
The EUR/USD is the most commonly traded Forex pair in the world. Representing about 25% of all Forex trades, or somewhere in the region of 1.5 trillion USD every day, the EUR/USD is underpinned by the massive trade interaction between the United States and Europe.
Because of the sheer quantity of EUR/USD traded, this is the most liquid of the currency pairs, so volatility is limited, trade execution is usually very fast, and spreads are tight – often below 1 pip. The best time to trade the EUR/USD is when both the New York and European markets are open as this is when price movement is more pronounced.
Common events that affect the price movement of the EUR/USD are major announcements on interest rates by the European Central Bank and the Federal Reserve and the release of economic data that measures the economic health of the Eurozone and the USA. The most-watched data include employment rates, GDP growth and business confidence levels. The USD is also the world’s foremost haven currency, so the USD tends to strengthen against the EUR during economic downturns and times of financial instability.
The table below shows the Forex brokers with the lowest trading costs for EUR/USD, including the spread and commission. It also details the industry average spread and industry average trading cost for 1 lot of EUR/USD.
Swipe to scroll
Broker | Overall Rating | Official Site | Min. Deposit | Website Language: English | Regulators | Cost of Trading | Fx Pairs | Compare |
|---|---|---|---|---|---|---|---|---|
 | USD 0 | Yes |        | USD 10 | 90 | |||
 | USD 25 | Yes |   | USD 6 | 52 | |||
 | USD 100 | Yes |  | USD 6 | 62 | |||
 | USD 100 | Yes |     | USD 9 | 63 | |||
 | USD 5 | Yes |  | USD 6 | 57 | |||
 | AUD 100 | Yes |  | USD 6 | 70 | |||
 | USD 200 | Yes | | USD 8 | 64 | |||
 | USD 0 | Yes | | USD 10 | 53 | |||
 | AUD 0 | Yes |  | USD 4.50 | 81 |
If we see a continuation or escalation of hostilities, expect gold, oil, and the USD to push even higher
EM currencies are all already seeing a lift, with the South African Rand hitting 20-month highs against the USD.
We can now expect a relatively rapid reduction in interest rates for all major currencies and a period of increased volatility.
Welcome to the FxScouts community! We’re thrilled to have you on board. You’ve successfully signed up for our forex newsletter, where you’ll receive expert insights, market analysis, and the latest news straight to your inbox.
Get ready to stay ahead of the curve with our regular updates designed to help you make informed trading decisions.
Happy trading!
The FxScouts Team
