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Best EUR/USD Forex Brokers

Written by Miro Nikolov
Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.
, | Updated: March 14, 2025

Our team of expert traders tested several regulated and trustworthy forex brokers and compiled a toplist with the best brokers for trading EUR/USD. Each broker received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more.

  1. Fusion Markets
    Rating: 4.5
    74-89% of retail's CFD accounts lose money
  2. FP Markets
    Rating: 4.8
    73.85% of retail investor accounts lose money
  3. Global Prime
    Rating: 4.5
    74-89% of retail CFD accounts lose money
  4. Pepperstone
    Rating: 4.5
    75.5% of retail investor accounts lose money
  5. Axi
    Rating: 4.4
    The vast majority of retail client accounts lose money
  6. XM Group
    Rating: 3.2
    72.82% of retail investor accounts lose money

Our team has thoroughly evaluated all brokers listed below using TradingPedia’s exclusive methodology.

Curated List of The 10 Best Forex Brokers for EUR/USD Trading

Тhe forex market is valued at over $2 quadrillion, making it the largest market worldwide. The liquidity level tends to be very high, and the EUR/USD is a perfect example of this. The EUR/USD pairing is appealing to both traders and foreign exchange brokers alike, and it is one of the most traded currencies. Investors who stick to the EUR/USD pair when it comes to trading are, all in all, spoilt for choice when it comes to the number of online brokers they can pick from.

Not all brokers are created equal, however. Things from the EUR/USD spread to the number of different products available can vary from broker to broker, and we have thus created the following list of potential options you could go for.

  • Brand
  • Trustpilot Rating
  • Trading platforms
  • Minimum deposit
  • Regulations
  • Trading instruments
  • Spreads
  • Leverage for Forex CFDs
  • Leverage for Metals CFDs
  • Leverage for Crypto CFDs
  • Leverage for Indices CFDs
  • Deposit methods
  • Withdrawal Methods
  • Commission per Lot
  • Contact details
    • Top rated
    • Trustpilot Rating
      4.5
    • Trading platforms
      • cTrader
      • DupliTrade
      • Fusion+ Copy Trading
      • MetaFX
      • MetaTrader 4
      • MetaTrader 5
      • TradingView
    • Minimum deposit
      $0
    • Regulations
      • FSA (Japan, Licence №: SD096)
      • VFSC (Vanuatu, Licence №: 40256)
      • ASIC (Australia, Licence №: 385620)
    • Trading instruments
      • Commodities CFDs
      • Crypto CFDs
      • Forex CFDs
      • Indices CFDs
      • Metals CFDs
      • Stock CFDs
    • Spreads
      • AUDUSD: AVG 0.91 pips
      • EURGBP: AVG 1.09 pips
      • EURUSD: AVG 0.93 pips
      • GBPUSD: AVG 1 pips
      • NZDUSD: AVG 1.1 pips
      • USDCAD: AVG 0.99 pips
      • USDCHF: AVG 1.7 pips
      • USDCNY: AVG 6.04 pips
      • USDJPY: AVG 1.7 pips
    • Leverage for Forex CFDs
      • 1:500 (ASIC | Pro Account)
      • 1:30 (ASIC | Retail Account)
      • 1:500 (VFSC | Retail Account)
    • Leverage for Metals CFDs
      • 1:20 (ASIC | Retail Account)
      • 1:500 (VFSC | Retail Account)
    • Leverage for Crypto CFDs
      • 1:2 (ASIC | Retail Account)
      • 1:10 (VFSC | Retail Account)
    • Leverage for Indices CFDs
      • 1:20 (ASIC | Retail Account)
      • 1:100 (VFSC | Retail Account)
    • Deposit methods
      • Doku
      • Dragonpay
      • DuitNow
      • Ethereum
      • Fasapay
      • Interac
      • Jeton
      • Jetonbank
      • Litecoin
      • LuqaPay
      • Mastercard
      • AstroPay
      • Mifinity
      • NETELLER
      • OnlineNaira
      • PayID
      • PayPal
      • Bank Transfer
      • Perfect Money
      • Ripple
      • Skrill
      • STICPAY
      • Tether
      • USDT
      • VAPay
      • Bitcoin
      • Visa
      • VNPAY
      • XPay
      • Zotapay
    • Withdrawal Methods
      • Dragonpay
      • Ethereum
      • Interac
      • Jetonbank
      • Litecoin
      • Mastercard
      • AstroPay
      • Mifinity
      • NETELLER
      • PayPal
      • Bank Transfer
      • Ripple
      • Skrill
      • Tether
      • Bitcoin
      • Visa
    • Commission per Lot
      $0 Classic Account, $4.50 round turn on Zero Account
    • Contact details
    • Trustpilot Rating
      4.5
    • Trading platforms
      • MetaTrader 4
    • Minimum deposit
      $0
    • Regulations
      • VFSC (Vanuatu, Licence №: 40256)
      • ASIC (Australia, Licence №: 385620)
    • Trading instruments
      • Commodities CFDs
      • Forex CFDs
      • Indices CFDs
      • Metals CFDs
    • Spreads
      • AUDUSD: AVG 0.98 pips
      • EURGBP: AVG 1.19 pips
      • EURUSD: AVG 0.96 pips
      • GBPUSD: AVG 1.12 pips
      • NZDUSD: AVG 1.18 pips
      • USDCAD: AVG 1.16 pips
      • USDCHF: AVG 1.24 pips
      • USDCNY: AVG 6.29 pips
      • USDJPY: AVG 1.47 pips
    • Leverage for Forex CFDs
      • 1:500 (ASIC | Pro Account)
      • 1:30 (ASIC | Retail Account)
      • 1:500 (VFSC)
    • Leverage for Metals CFDs
      • 1:20 (ASIC | Retail Account)
      • 1:100 (VFSC)
    • Leverage for Crypto CFDs
      • 1:5 (ASIC | Pro Account)
      • 1:2 (ASIC | Retail Account)
      • 1:5 (VFSC)
    • Leverage for Indices CFDs
      • 1:100 (ASIC | Pro Account)
      • 1:20 (ASIC | Retail Account)
      • 1:100 (VFSC)
    • Deposit methods
      • BPAY
      • Crypto
      • Dragonpay
      • Fasapay
      • Gate8
      • Interac
      • Jeton
      • Mastercard
      • AstroPay
      • Mifinity
      • NETELLER
      • Pagsmile
      • PayID
      • PayPal
      • Bank Transfer
      • Perfect Money
      • POLi
      • Skrill
      • Visa
      • VNPAY
      • XPay
    • Withdrawal Methods
      • Crypto
      • Dragonpay
      • Interac
      • Jeton
      • Mastercard
      • AstroPay
      • NETELLER
      • PayPal
      • Bank Transfer
      • Perfect Money
      • Skrill
      • Visa
    • Commission per Lot
      $0 Standard Accounts; $7 round turn on Raw Accounts
    • Contact details
    • Trustpilot Rating
      4.5
    • Trading platforms
      • MetaTrader 4
      • MetaTrader 5
      • Proprietary Mobile
      • Proprietary Web
    • Minimum deposit
      $0
    • Regulations
      • CMA (Saudi Arabia)
      • CySEC (Cyprus, Licence №: 388/20)
      • DFSA (United Arab Emirates)
      • FCA (United Kingdom, Licence №: 684312)
      • FSA (Japan, Licence №: SD108)
      • SCB (Bahamas)
      • ASIC (Australia, Licence №: 414530)
      • BaFin (Germany, Licence №: 151148)
    • Trading instruments
      • Commodities CFDs
      • Crypto CFDs
      • Energy CFDs
      • Forex CFDs
      • Indices CFDs
      • Metals CFDs
      • Stock CFDs
    • Spreads
      • AUDUSD: AVG 1.2 pips
      • EURGBP: AVG 1.2 pips
      • EURUSD: AVG 1.1 pips
      • GBPUSD: AVG 1.3 pips
      • NZDUSD: AVG 1.4 pips
      • USDCAD: AVG 1.3 pips
      • USDCHF: AVG 1.3 pips
      • USDCNY: AVG 8.1 pips
      • USDJPY: AVG 1.3 pips
    • Leverage for Forex CFDs
      • 1:500 (CySEC | Pro Account)
      • 1:500 (SCB | Pro Account)
      • 1:30 (ASIC | Retail Account)
      • 1:30 (CySEC | Retail Account)
      • 1:30 (DFSA | Retail Account)
      • 1:30 (FCA | Retail Account)
      • 1:200 (SCB | Retail Account)
    • Leverage for Metals CFDs
      • 1:500 (CySEC | Pro Account)
      • 1:20 (CySEC | Retail Account)
    • Leverage for Crypto CFDs
      • 1:2 (CySEC | Retail Account)
      • 1:100 (CySEC | Pro Account)
      • 1:20 (SCB | Retail Account)
    • Leverage for Indices CFDs
      • 1:400 (CySEC | Pro Account)
      • 1:20 (CySEC | Retail Account)
      • 1:200 (SCB | Retail Account)
    • Deposit methods
      • BPAY
      • Mastercard
      • NETELLER
      • PayPal
      • Bank Transfer
      • Skrill
      • Visa
    • Withdrawal Methods
      • BPAY
      • Mastercard
      • NETELLER
      • PayPal
      • Bank Transfer
      • Skrill
      • Visa
    • Commission per Lot
      $0 (Standard Account), $7 round-turn (Razor Account, TradingView, MT4, MT5), $6 round-turn (Razor Account, cTrader)
    • Contact details
    • Trustpilot Rating
      3.9
    • Trading platforms
      • L2 Dealer
      • MetaTrader 4
      • Proprietary Web
      • ProRealTime
      • TradingView
    • Minimum deposit
      $50
    • Regulations
      • CFTC (United States, Licence №: 0509630)
      • DFSA (United Arab Emirates, Licence №: F001780)
      • FCA (United Kingdom, Licence №: 944492)
      • FINMA (Switzerland, Licence №: IG Bank S.A.)
      • FMA (New Zealand)
      • FSCA (South Africa, Licence №: 41393)
      • JFSA (Japan)
      • MAS (Singapore, Licence №: 1489)
      • ASIC (Australia, Licence №: 515106)
      • BaFin (Germany, Licence №: 148759)
      • BMA (Bermuda, Licence №: 54814)
    • Trading instruments
      • Bond Futures
      • Bond Options
      • Bond Spread Betting
      • Bonds CFDs
      • Commodities CFDs
      • Commodity Futures
      • Commodity Options
      • Commodity Spread Betting
      • Crypto CFDs
      • Crypto Options
      • Crypto Spread Betting
      • Currency Futures
      • Energy CFDs
      • Energy Futures
      • Energy Options
      • Energy Spread Betting
      • ETF CFDs
      • ETF Options
      • ETF Spread Betting
      • Forex CFDs
      • Forex Options
      • Forex Spread Betting
      • Index Futures
      • Index Options
      • Index Spread Betting
      • Indices CFDs
      • Interest Rate Futures
      • Metal Futures
      • Metal Options
      • Metals CFDs
      • Metals Spread Betting
      • Share CFDs
      • Stock CFDs
      • Stock Options
      • Stock Spread Betting
      • US Stock CFDs
      • US Stock Options
      • US Stock Spread Betting
    • Spreads
      • AUDUSD: AVG 1.07 pips
      • AUDUSD: MIN 0.6 pips
      • EURGBP: AVG 1.83 pips
      • EURGBP: MIN 0.9 pips
      • EURUSD: AVG 0.86 pips
      • EURUSD: MIN 0.6 pips
      • GBPUSD: AVG 1.84 pips
      • GBPUSD: MIN 0.9 pips
      • NZDUSD: AVG 2.52 pips
      • NZDUSD: MIN 1.8 pips
      • USDCAD: AVG 2.14 pips
      • USDCAD: MIN 1.3 pips
      • USDCHF: AVG 1.95 pips
      • USDCHF: MIN 1.5 pips
      • USDCNY: AVG 14.51 pips
      • USDCNY: MIN 10 pips
      • USDJPY: AVG 0.97 pips
      • USDJPY: MIN 0.7 pips
    • Leverage for Forex CFDs
      • 1:222 (BaFin | Pro Account)
      • 1:30 (ASIC | Retail Account)
      • 1:30 (BaFin | Retail Account)
      • 1:200 (BMA | Retail Account)
      • 1:30 (FCA | Retail Account)
    • Leverage for Metals CFDs
      • 1:20 (BaFin | Retail Account)
      • 1:200 (BMA | Retail Account)
    • Leverage for Crypto CFDs
      • 1:22 (BaFin | Pro Account)
      • 1:2 (BaFin | Retail Account)
      • 1:10 (BMA | Retail Account)
    • Leverage for Indices CFDs
      • 1:222 (BaFin | Pro Account)
      • 1:20 (BaFin | Retail Account)
      • 1:200 (BMA | Retail Account)
    • Deposit methods
      • BPAY
      • Discover
      • Apple Pay
      • Mastercard
      • PayPal
      • Bank Transfer
      • Visa
      • Wire Transfer
    • Withdrawal Methods
      • Discover
      • Mastercard
      • Bank Transfer
      • Visa
    • Commission per Lot
      $0
    • Contact details
    • Trustpilot Rating
      4.4
    • Trading platforms
      • AvaOptions
      • DupliTrade
      • AvaSocial
      • MetaTrader 4
      • MetaTrader 5
      • AvaTadeGO
      • Proprietary Web
      • ZuluTrade
    • Minimum deposit
      $100
    • Regulations
      • CySEC (Cyprus, Licence №: 347/17)
      • ADGM (United Arab Emirates)
      • FFAJ (Japan, Licence №: 1574)
      • FSCA (South Africa, Licence №: 45984)
      • FSRA (Canada, Licence №: 190018)
      • IIROC (Canada)
      • ISA (Israel, Licence №: 514666577)
      • JFSA (Japan, Licence №: 1662)
      • ASIC (Australia, Licence №: 406684)
      • BVIFSC (Virgin Islands, British, Licence №: SIBA/L/13/1049)
      • CBI (Ireland, Licence №: C53877)
    • Trading instruments
      • Bonds CFDs
      • Commodities CFDs
      • Crypto CFDs
      • Crypto Options
      • Energy CFDs
      • ETF CFDs
      • Forex CFDs
      • Forex Options
      • Index Options
      • Indices CFDs
      • Metals CFDs
      • Share CFDs
      • Stock CFDs
      • Stock Options
      • US Stock Options
    • Spreads
      • AUDUSD: AVG 0.9 pips
      • EURGBP: AVG 1.2 pips
      • EURUSD: AVG 0.8 pips
      • GBPUSD: AVG 1.2 pips
      • NZDUSD: AVG 1.4 pips
      • USDCAD: AVG 1.8 pips
      • USDCHF: AVG 1.3 pips
      • USDCNY: AVG 20 pips
      • USDJPY: AVG 1.3 pips
    • Leverage for Forex CFDs
      • 1:400 (Pro Account)
      • 1:30 (Standard Account)
    • Leverage for Metals CFDs
      • Leverage for Crypto CFDs
        • 1:50 (Pro Account)
        • 1:2 (Standard Account)
      • Leverage for Indices CFDs
        • 1:200 (Pro Account)
        • 1:20 (Standard Account)
      • Deposit methods
        • Mastercard
        • NETELLER
        • Bank Transfer
        • Skrill
        • Visa
        • WebMoney
      • Withdrawal Methods
        • Mastercard
        • NETELLER
        • Bank Transfer
        • Skrill
        • Visa
        • WebMoney
      • Commission per Lot
        $0
      • Contact details
      • Trustpilot Rating
        4.1
      • Trading platforms
        • eToro App
        • eToro CopyTrader
        • eToro Investing
      • Minimum deposit
        $50 or $100 based on country ($10 for the UK)
      • Regulations
        • CySEC (Cyprus, Licence №: 109/10)
        • FCA (United Kingdom, Licence №: 583263)
        • ADGM (United Arab Emirates)
        • FinCEN (United States)
        • FINRA (United States)
        • FSA (Japan, Licence №: SD076)
        • FSAS (Seychelles)
        • FSRA (Canada, Licence №: 220073)
        • GFSC (Gibraltar, Licence №: 1333B)
        • AMF (France)
        • MFSA (Malta, Licence №: C97952)
        • SEC (United States, Licence №: 0001753042)
        • ASIC (Australia, Licence №: 491139)
      • Trading instruments
        • Commodities CFDs
        • Crypto CFDs
        • ETF CFDs
        • Forex CFDs
        • Indices CFDs
        • Metals CFDs
        • Share CFDs
        • Stock CFDs
        • US Stock CFDs
      • Spreads
        • AUDUSD: AVG 1 pips
        • EURGBP: AVG 1.5 pips
        • EURUSD: AVG 1 pips
        • GBPUSD: AVG 2.3 pips
        • NZDUSD: AVG 2.5 pips
        • USDCAD: AVG 1.5 pips
        • USDCHF: AVG 1.5 pips
        • USDCNY: AVG 10 pips
        • USDJPY: AVG 1 pips
      • Leverage for Forex CFDs
        • 1:400 (CySEC | Pro Account)
        • 1:30 (CySEC | Retail Account)
        • 1:400 (FSAS | Retail Account)
      • Leverage for Metals CFDs
        • 1:20 (CySEC | Retail Account)
      • Leverage for Crypto CFDs
        • 1:2 (CySEC | Retail Account)
        • 1:5 (FSAS | Retail Account)
      • Leverage for Indices CFDs
        • 1:20 (CySEC | Retail Account)
        • 1:100 (FSAS | Retail Account)
      • Deposit methods
        • eToro Money
        • iDEAL
        • Klarna
        • Mastercard
        • NETELLER
        • PayPal
        • Bank Transfer
        • Przelewy24
        • Skrill
        • Trustly
        • Visa
      • Withdrawal Methods
        • Mastercard
        • NETELLER
        • PayPal
        • Bank Transfer
        • Skrill
        • Trustly
        • Visa
      • Commission per Lot
        $1 or $2 (stocks only)
      • Contact details
        • Phone Number:
        • Email: complianceCY@etoro.com
        • Headquarter Address: 24th floor, One Canada Square Canary Wharf London, E14 5AB United Kingdom
      • Trustpilot Rating
        4.8
      • Trading platforms
        • cTrader
        • IC Social
        • MetaTrader 4
        • MetaTrader 5
        • ZuluTrade
      • Minimum deposit
        $200
      • Regulations
        • CySEC (Cyprus, Licence №: 362/18)
        • FSA (Japan, Licence №: SD018)
        • FSAS (Seychelles)
        • ASIC (Australia)
      • Trading instruments
        • Commodities CFDs
        • Crypto CFDs
        • Energy CFDs
        • Forex CFDs
        • Indices CFDs
        • Metals CFDs
        • Stock CFDs
      • Spreads
        • AUDUSD: AVG 0.83 pips
        • EURGBP: AVG 1.27 pips
        • EURUSD: AVG 0.82 pips
        • GBPUSD: AVG 1.03 pips
        • NZDUSD: AVG 1.38 pips
        • USDCAD: AVG 1.05 pips
        • USDCHF: AVG 0.99 pips
        • USDCNY: AVG 3.93 pips
        • USDJPY: AVG 0.94 pips
      • Leverage for Forex CFDs
        • 1:500 (CySEC | Pro Account)
        • 1:30 (CySEC | Retail Account)
        • 1:1000 (FSAS | Retail Account)
      • Leverage for Metals CFDs
        • Leverage for Crypto CFDs
          • 1:2 (CySEC | Retail Account)
          • 1:200 (FSAS | Retail Account)
        • Leverage for Indices CFDs
          • 1:20 (CySEC | Retail Account)
          • 1:200 (FSAS | Retail Account)
        • Deposit methods
          • BPAY
          • CardPay
          • Ecommpay
          • Fasapay
          • Klarna
          • Mastercard
          • NETELLER
          • Nuvei
          • PayPal
          • Bank Transfer
          • POLi
          • Rapidpay
          • SafeCharge
          • Skrill
          • Transact365
          • Visa
        • Withdrawal Methods
          • Ecommpay
          • Fasapay
          • Klarna
          • Mastercard
          • NETELLER
          • PayPal
          • Bank Transfer
          • POLi
          • Rapidpay
          • SafeCharge
          • Skrill
          • Transact365
          • Visa
        • Commission per Lot
          $0 Standard MT; $6 round turn on Raw cTrader; $7 round turn on Raw MT
        • Contact details
        • Trustpilot Rating
          3.7
        • Trading platforms
          • xStation 5
        • Minimum deposit
          $250
        • Regulations
          • CNMV (Spain)
          • CySEC (Cyprus, Licence №: 169/12)
          • FCA (United Kingdom, Licence №: 522157)
          • FSC (Virgin Islands, British, Licence №: 000302/438)
          • FSCA (South Africa)
          • FSAN (Norway, Licence №: FT00118162)
          • IFSC (Belize, Licence №: 000302/11)
          • KNF (Poland)
          • BaFin (Germany)
        • Trading instruments
          • Commodities CFDs
          • Crypto CFDs
          • Energy CFDs
          • ETF CFDs
          • Forex CFDs
          • Indices CFDs
          • Metals CFDs
          • Share CFDs
          • Stock CFDs
          • US Stock CFDs
        • Spreads
          • AUDUSD: AVG 1.3 pips
          • EURGBP: AVG 1.4 pips
          • EURUSD: AVG 0.9 pips
          • GBPUSD: AVG 1.4 pips
          • NZDUSD: AVG 1.6 pips
          • USDCAD: AVG 1.8 pips
          • USDCHF: AVG 1.6 pips
          • USDCNY: AVG 13 pips
          • USDJPY: AVG 1.4 pips
        • Leverage for Forex CFDs
          • 1:200 (CySEC | Pro Account)
          • 1:30 (CySEC | Retail Account)
          • 1:30 (FCA | Retail Account)
          • 1:500 (IFSC | Retail Account)
        • Leverage for Metals CFDs
          • 1:200 (CySEC | Pro Account)
          • 1:20 (CySEC | Retail Account)
          • 1:500 (IFSC | Retail Account)
        • Leverage for Crypto CFDs
          • 1:5 (CySEC | Pro Account)
          • 1:2 (CySEC | Retail Account)
        • Leverage for Indices CFDs
          • 1:200 (CySEC | Pro Account)
          • 1:20 (CySEC | Retail Account)
          • 1:200 (IFSC | Retail Account)
        • Deposit methods
          • Ecommpay
          • Maestro
          • Mastercard
          • NETELLER
          • PayPal
          • Bank Transfer
          • PayU
          • Skrill
          • Visa
        • Withdrawal Methods
          • Mastercard
          • Bank Transfer
          • Skrill
          • Visa
        • Commission per Lot
          $0
        • Contact details
        • Trustpilot Rating
          4.1
        • Trading platforms
          • CMC Next Generation
          • MetaTrader 4
        • Minimum deposit
          $0
        • Regulations
          • CIRO (Canada)
          • FCA (United Kingdom, Licence №: 173730)
          • IIROC (Canada)
          • MAS (Singapore, Licence №: 200605050E)
          • ASIC (Australia, Licence №: 238054)
          • BaFin (Germany, Licence №: 154814)
        • Trading instruments
          • Commodities CFDs
          • Crypto CFDs
          • Energy CFDs
          • ETF CFDs
          • Forex CFDs
          • Indices CFDs
          • Metals CFDs
          • Share CFDs
          • Stock CFDs
          • US Stock CFDs
        • Spreads
          • AUDUSD: MIN 0.6 pips
          • AUDUSD: AVG 1 pips
          • EURGBP: MIN 0.8 pips
          • EURGBP: AVG 1.2 pips
          • EURUSD: MIN 0.5 pips
          • EURUSD: AVG 0.6 pips
          • GBPUSD: MIN 0.9 pips
          • GBPUSD: AVG 1.1 pips
          • NZDUSD: AVG 1.7 pips
          • USDCAD: MIN 1.3 pips
          • USDCAD: AVG 2.5 pips
          • USDCHF: MIN 1.2 pips
          • USDCHF: AVG 1.5 pips
          • USDCNY: MIN 2 pips
          • USDCNY: AVG 3.1 pips
          • USDJPY: MIN 0.7 pips
          • USDJPY: AVG 1.3 pips
        • Leverage for Forex CFDs
          • 1:500 (ASIC | Pro Account)
          • 1:500 (FCA | Pro Account)
          • 1:30 (ASIC | Retail Account)
          • 1:30 (BaFin | Retail Account)
          • 1:30 (FCA | Retail Account)
          • 1:20 (MAS | Retail Account)
        • Leverage for Metals CFDs
          • 1:20 (FCA | Retail Account)
        • Leverage for Crypto CFDs
          • 1:2 (ASIC | Retail Account)
        • Leverage for Indices CFDs
          • 1:20 (FCA | Retail Account)
        • Deposit methods
          • Maestro
          • Mastercard
          • OnlineNaira
          • Bank Transfer
          • Visa
        • Withdrawal Methods
          • Mastercard
          • PayPal
          • Bank Transfer
          • Visa
        • Commission per Lot
          $0.02 per share with a $10 minimum for US shares; 0.10% for other shares with a €/£9 minimum
        • Contact details
        • Trustpilot Rating
          4.2
        • Trading platforms
          • MetaTrader 4
          • Proprietary Mobile
          • Proprietary Web
          • TradingView
        • Minimum deposit
          $0 ($150 for Singapore and Australia)
        • Regulations
          • FCA (United Kingdom, Licence №: 446717)
          • MAS (Singapore, Licence №: 201130598R)
          • ASIC (Australia, Licence №: 345646)
        • Trading instruments
          • Bond Spread Betting
          • Bonds CFDs
          • Commodities CFDs
          • Crypto CFDs
          • ETF CFDs
          • Forex CFDs
          • Indices CFDs
          • Interest Rate CFDs
          • Metals CFDs
          • Share CFDs
          • Stock Options
          • Thematic Indices
        • Spreads
          • Leverage for Forex CFDs
            • 1:200 (ASIC | Pro Account)
            • 1:400 (FCA | Pro Account)
            • 1:30 (FCA | Standard Account)
            • 1:20 (MAS | Standard Account)
          • Leverage for Metals CFDs
            • 1:20 (FCA | Standard Account)
            • 1:5 (MAS | Standard Account)
          • Leverage for Crypto CFDs
            • 1:2 (FCA | Standard Account)
          • Leverage for Indices CFDs
            • Deposit methods
              • Credit & Debit Cards
              • PayID
              • PayPal
              • Bank Transfer
            • Withdrawal Methods
              • Credit & Debit Cards
              • PayPal
              • Bank Transfer
            • Commission per Lot
              1.8 CPS for US shares ($10 minimum); 0.08% for other shares ($10 or A$5 minimum)
            • Contact details

          Getting involved in the foreign exchange rate market used to be but a pipe dream for retail investors of days past. The market was simply not accessible for anyone but large entities such as corporations and hedge funds, but thankfully, those days are behind us. Now, any trader can get in on the forex action thanks to the world wide web and the various online broker entities that offer their services to traders worldwide.

          Given that the most influential currencies in the world are currently the Euro and the USD, the pairing they form is the most actively traded pair globally. The EUR/USD is, therefore, a great place to start for traders who are new to the FX, and experienced traders also see a lot of opportunity in this pairing. Below, you will find a list of the top ten brokers for trading the Euro Dollar.

          How EUR/USD Trading Works for Traders and Brokers

          EUR/USD TradingCurrency pairings work on the basis of a base currency and a quote currency. In this case, the euro is the base, meaning it is fixed, and it will always have a value of one. As for the USD, it is the quote, and the Euro Dollar pairing showcases how much dollars are needed to buy one euro. This makes the pairing unique because it is usually the USD that is the denominator.

          Since the US dollar is the most traded currency in the world, followed by the euro, the liquidity of this pairing is significant. Additionally, various factors influence this currency pair, such as the employment rates of both regions, the US gross domestic product, the economic regions’ respective central banks, and the like. The market is known to be volatile in general.

          Trading is done by longing or shorting the Euro Dollar, depending on what the investor in question believes will happen. If you long an investment, you are planning to make a profit when the price rises, while shorting entails you will make a profit once the price has fallen. With the Euro Dollar, in particular, the price surges when the dollar weakens, while the opposite causes the price to fall.

          Buying the EUR/USD is what starts the trade. To close it, you need to sell the pair. This is done through a forex broker. More often than not, brokers are market makers, i.e., they dictate what the bid and ask prices are. In addition, although these websites boast small or no fees, they will typically charge you either with commission or through the spread, which is the difference between buying and selling a currency pair. The broker you choose is often one of the main factors that can determine whether your investments will be worthwhile.

          Related Topics

          FAQ

          1. How long are EUR/USD markets open?

          Euro Dollar markets are open so long as the general forex market is live in and of itself. This means that from Sunday to Friday, you can make EUR/USD trades. The exact opening and closing hours will vary from region to region. The market does not close throughout the week, which means that you will have 24 hours to trade each day.

          2. What is the base currency of a Forex pairing?

          The base currency is the first currency in a forex pair. It always has the value of 1. A forex pairing shows us how much of the quote currency it takes to buy one base currency unit. In the case of EUR/USD, the euro is the base currency.

          3. Are there any fees associated with trading the EUR/USD pairing?

          Yes, there are two major categories of fees. The first category is directly related to trading, and such fees can take the form of the commission or the spread. In addition, there are non-trading fees such as withdrawal or deposit fees, as well as inactivity fees if you happen to abandon your account.

          4. What is the FX spread?

          The spread is the margin between the buy and sell prices of a trade which, in this case, involves a currency pair. It is essentially a fee, and it is what allows certain brokers to not charge you with a separate commission when you trade.

          5. Is Forex trading safe?

          Your personal and financial information will not be compromised so long as you choose a credible broker that is regulated by reputable regulatory bodies. Such institutions include, but are not limited to, the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission, and the Australian Securities and Investment Commission.