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AuthorAuthor: Chris CammackUpdated: Sep 9, 2022

Last Updated On Sep 9, 2022

Chris Cammack

EUR/GBP Background

One of the few major currency pairs that do not feature the USD, the EUR/GBP responds to the economic developments in the Eurozone and the United Kingdom. While both currencies in this pair are heavily affected by the strength of the USD, the movement between the EUR and GBP usually revolves around economic policy set by the European Central Bank and the Bank of England. In recent years, the price movement of this currency pair has been heavily influenced by the UK’s decision to leave the EU in 2016 and the COVID-19 pandemic and subsequent vaccination efforts.

The best time to trade the EUR/GBP is during the European and British trading day, when price movement is most active. Like other major pairs, spreads are generally tight, averaging about 1.5 pips though sometimes much lower at times of high volatility. 

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

Best EURGBP Forex Brokers

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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
IG
4.69 /5
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71% of retail CFD accounts lose money
2.51 pipsUSD 0USD 25.101.50 pipsUSD 20.39200:1FCA Regulated BrokersASIC Regulated Forex BrokersBundesanstalt für FinanzdienstleistungsaufsichtFinancial Markets Authority of New ZealandDubai Financial Services AuthorityFinancial Services AgencyCommodity Futures Trading AssociationFinansinspektionenMarket Maker
Markets.com
4.68 /5
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70.3% of retail CFD accounts lose money
2.60 pipsUSD 0USD 261.50 pipsUSD 20.39300:1FCA Regulated BrokersCySEC Regulated BrokersASIC Regulated Forex BrokersFSCA Regulated Forex BrokersBritish Virgin Islands Financial Services CommissionMarket Maker
Forex.com
4.62 /5
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68%Hello Chrisof retail CFD accounts lose money
1.27 pipsUSD 0USD 12.701.50 pipsUSD 20.39200:1FCA Regulated BrokersASIC Regulated Forex BrokersMonetary Authority of SingaporeCySEC Regulated BrokersCayman Islands Monetary AuthorityMarket Maker
Pepperstone
4.61 /5
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89%74- of retail CFD accounts lose money
1.00 pipsUSD 0USD 101.50 pipsUSD 20.39400:1Capital Markets AuthorityFCA Regulated BrokersASIC Regulated Forex BrokersCySEC Regulated BrokersNDD
AvaTrade
4.59 /5
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76% of retail CFD accounts lose money
1.50 pipsUSD 0USD 151.50 pipsUSD 20.39400:1ASIC Regulated Forex BrokersFSCA Regulated Forex BrokersCySEC Regulated BrokersFinancial Services AgencyCentral Bank of IrelandFinancial Regulatory Services AuthorityMarket Maker
Tickmill
4.58 /5
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71% of retail CFD accounts lose money
0.40 pipsUSD 4USD 81.50 pipsUSD 20.39500:1CySEC Regulated BrokersFCA Regulated BrokersLabuan Financial Services AuthorityFSCA Regulated Forex BrokersThe Seychelles Financial Services AuthorityDubai Financial Services AuthoritySTP
IC Markets
4.56 /5
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70.81% of retail CFD accounts lose money
1.27 pipsUSD 0USD 12.701.50 pipsUSD 20.39500:1CySEC Regulated BrokersASIC Regulated Forex BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the BahamasECN/DMA
Eightcap
4.53 /5
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N/A of retail CFD accounts lose money
0.43 pipsUSD 7USD 11.301.50 pipsUSD 20.39500:1ASIC Regulated Forex BrokersSecurities Commission of the BahamasFCA Regulated BrokersCySEC Regulated BrokersMarket Maker NDD
HFM (HotForex)
4.53 /5
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72.90% of retail CFD accounts lose money
1.50 pipsUSD 0USD 151.50 pipsUSD 20.39400:1Capital Markets AuthorityCySEC Regulated BrokersFCA Regulated BrokersFSCA Regulated Forex BrokersSTP
XM
4.45 /5
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75.33% of retail CFD accounts lose money
0 pipsUSD 0USD 00 pipsUSD 01000:1CySEC Regulated BrokersASIC Regulated Forex BrokersDubai Financial Services AuthorityInternational Financial Services CommissionFSCA Regulated Forex BrokersMarket Maker

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