EUR/USD from 0.1 Pips
Brokers compete on razor thin margins across EUR/USD, the world's deepest foreign exchange market. Compare EUR/USD spreads across popular Forex brokers:
EUR/USD is the largest and most liquid currency pair with 28% of global foreign exchange volumes according to the 2010 BIS survey. In comparison, USD/JPY, is a distant second with 14% of global volumes.
A wall of money
Deep liquidity and competition between Forex brokers have brought spreads down. EUR/USD spreads typically range between 2 and 3 pips versus 3 to 5 pips across most other major currency pairs. Compare EUR/USD spreads and leverage across popular Forex trading accounts with our interactive chart.
Trading the EUR/USD
In normal market conditions, EUR/USD tends to trade by the pip. This is unlike other currency pairs where prices can trade by several pips at a time. This means that if EUR/USD is trading at 1.2513/15, you're likely to find traders keen to buy at 10, 11 and 12 and traders keen to sell at 16, 17 and 18. Tight spreads make it possible to profit from very small changes in prices.
The sheer number of market participants makes it impossible for any one investor to move the EUR/USD in a meaningful way. For this reason, EUR/USD tends to be less volatile than other currency pairs. And when price changes happen, they tend to be driven by news events and data releases.
US Dollar Claws Back, EUR/USD Retraces Ahead of Big Week of US Data Nasdaq
Going along with last week's exuberant sell-off in the U.S. Dollar was a bullish surge in the Euro . Much of this took place leading into last week's ECB rate decision, with a hastening of the move showing around the event. This helped to drive EUR/USD ... More
Upbeat 4Q Euro-Zone GDP Report to Curb EUR/USD Weakness Nasdaq
Recent price action highlights the risk for a more meaningful rebound in USD/CAD as the pair snaps the string of lower-lows from earlier this month following the series of failed attempts to test the 1.2210 (50% expansion) to 1.2250 (50% retracement ... More
Trade 70+ currency pairs, spot indices, energies, metals and shares on fixed spreads with instant ... MoreTrade 70+ currency pairs, spot indices, energies, metals and shares on fixed spreads with instant execution. Spreads are fixed over certain time periods, but vary throughout the day. All EAs are allowed.
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Trade Forex as well as CFDs on cryptocurrencies, shares, indices and metals on floating spreads ... MoreTrade Forex as well as CFDs on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for experienced traders, allows you to trade up to 60 lots per position.
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