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Euro/Usd pip spread

shahab121 (shahab121)
Oct 18 2011 at 07:21
3 posts
Hi Guys, what broker provides the lowest pip spread/commision for the euro usd pair on mt4😄

Oct 18 2011 at 14:26
2 posts
Oct 19 2011 at 07:30
3 posts
Oanda .9 - 1.3 pips on eurusd

aj901512 (aj901512)
Oct 20 2011 at 15:41
60 posts
i agree with the forex dojo - i think oanda has the lowest spreads on average, however you should take into account the slippage and spreads during high volatility.

JulianFry (JulianFry)
Oct 21 2011 at 22:10
8 posts
There has been increasing popularity in recent years, for retail market markers. Most 'brokers' which advertise, are actually making the market, not acting as a broker between you and the market. This means that they can afford to call the spreads what they wish, (top 100 brokers site, I think) has listings of all of these types of brokers and respective spreads, ranging from 1 to 3 depending on the pair.

The most sensable alternative for the lowest spread, is the Currenex spread. This is the one given from the actual exchange network that makes the primary market for currencies. Currenex spreads for €/$ vary between 0.5 to 1.2 during Asian/EU overlap and EU/US overlap (apart from seconds before and after major news events).

As these types of brokers (I use MasterForex and I'm very happy with them) do not make a spread, they do charge commission. With my broker which is the lowest I could find, it's $ 24 / Lot. Meaning that these days I pay 0.7 commission on a 0.1 Lot contract (10K base currency). This given you a 'synthetic' spread of (0.5 + 0.7) 1.2 pips.

The other nice thing is that they will be no stop loss minimal distance from price, nor dealing desk. They are also named ECN accounts and the minimum for them tends to be $ 500.

Hope that helps :)

JulianFry (JulianFry)
Oct 21 2011 at 22:10
8 posts
quazirahim (quazirahim)
Oct 22 2011 at 11:25
3 posts
lmax has lowest pip in eurusd

Dem_mad (Dem_mad)
Oct 22 2011 at 11:52
57 posts
shahab121 (shahab121)
Oct 24 2011 at 06:27
3 posts
Hi, i can see exness is very good. average 0.8 with no commission. i cant see that being beat.

Oct 24 2011 at 07:20
1 posts
I agree with Julian. Go with a broker which offers ECN account. Admiral Markets is very good.

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