23% of global forex volume. $700B+ daily turnover. The pair that moves on every Fed and ECB decision. Raw spreads from 0.1 pips on Raw Pro (indicative, 30-day rolling median, normal volatility). P50 under 50ms (standard sessions). Up to 1:2000 leverage (varies by account and jurisdiction). FSC Mauritius regulated.
From 0.1 pips (Raw Pro, indicative)
P50 under 50ms (standard sessions)
Up to 1:2000 (account and jurisdiction dependent)
FSC Mauritius regulated (License GB23202470)
| Parameter | Value |
|---|---|
| Spread | From 0.1 pips on Raw Pro (indicative, 30-day rolling median, normal volatility) |
| Leverage | Up to 1:2000 (varies by account type and jurisdiction) |
| Contract Size | 100,000 EUR (1 standard lot) |
| Min Lot Size | 0.01 (1,000 EUR notional) |
| Margin (1:2000) | 50 EUR per standard lot |
| Trading Hours | 22:00 Sun – 22:00 Fri UTC (24/5) |
| Swap Long | -6.42 pts/lot/day (current; verify in MT5 Symbol Properties) |
| Swap Short | +1.83 pts/lot/day (current; verify in MT5 Symbol Properties) |
| Stop Level | 0 (current; verify in MT5 Symbol Properties) |
| Execution | P50 under 50ms (standard sessions) |
| Platform | MT5, WebTrader, Mobile |
EUR/USD is the exchange rate between the euro and the US dollar — the two largest economies globally. It accounts for approximately 23% of daily forex turnover (BIS Triennial Survey, 2022). Buying EUR/USD means buying euros and selling dollars; selling is the reverse.
Deepest Liquidity: Over $700 billion in daily volume (BIS 2022). This depth means tighter spreads and lower slippage risk during peak hours.
Macro Sensitivity: EUR/USD reacts to every major macro event: Fed and ECB rate decisions, NFP, Eurozone GDP, CPI. The default pair for positioning around economic data.
Cost Structure: EUR/USD carries the tightest spreads in forex. At GLEX's 0.1-pip median (Raw Pro), spread cost per standard lot is ~$1.00 plus $3.50/side commission. Standard and Prime: zero commission, wider spreads. See the account comparison table below for full cost breakdown.
Price tracks the ECB–Fed rate differential, macro data, and geopolitical developments.
Central Bank Policy: Fed and ECB rate decisions are the dominant drivers. EUR/USD can move 50–150 pips within hours. Forward guidance and press conferences often move the pair more than the decision itself.
| Event | Region | Typical Move | Frequency |
|---|---|---|---|
| NFP | US | 50–100+ pips | Monthly (first Friday) |
| CPI / Core PCE | US / Eurozone | 30–80 pips | Monthly |
| GDP (Advance / Flash) | US / Eurozone | 20–60 pips | Quarterly |
| ECB / Fed Rate Decision | Eurozone / US | 50–150+ pips | ~6 weeks |
| PMI | US / Eurozone | 15–40 pips | Monthly |
Liquidity concentrates during European and US hours, directly affecting spread width.
| Feature | UTC Hours | Conditions | Liquidity |
|---|---|---|---|
| Asian | 22:00–08:00 | Wider; reduced liquidity | Low |
| London | 08:00–16:30 | Tight; peak European liquidity | High |
| London–NY Overlap | 13:00–16:30 | Tightest spreads; deepest book | Highest |
| New York | 13:00–22:00 | Tight during overlap; widening post-London | High → Medium |
For cost-sensitive EUR/USD execution, London–NY overlap (13:00–16:30 UTC) is consistently the most efficient window, excluding major macro releases. On ECB/Fed/NFP windows, tighter conditions typically return only after initial volatility normalizes.
| Window | UTC Hours | Spread Quality | Execution Quality |
|---|---|---|---|
| London peak | 08:00–12:00 | Tight; stable; low variance | Consistent execution quality |
| London–NY overlap | 13:00–16:30 | Tightest; deepest order book | Optimal for cost-sensitive execution |
| NY post-London | 16:30–22:00 | Widening gradually | Tradeable; higher cost than overlap |
| Off-hours | 22:00–08:00 | Wide; thin book | Avoid for new positions |
| ECB/Fed days & NFP | Varies | Spike during release, normalize 30–60 min after | Wait for stabilization; reduce size |
Observational session behavior based on typical liquidity patterns. Actual spreads depend on market conditions, account type, and volatility. No spread guarantee applies.
For cost-sensitive EUR/USD execution, London–NY overlap (13:00–16:30 UTC) is consistently the most efficient window, excluding major macro releases. On ECB/Fed/NFP windows, tighter conditions typically return only after initial volatility normalizes.
| Feature | Raw Pro | Prime | Standard | Micro |
|---|---|---|---|---|
| EUR/USD Spread | From 0.1 pips | From 0.6 pips | From 1.0 pips | From 1.0 pips |
| Commission | $3.50/lot/side | $0 | $0 | $0 |
| Cost per Lot | ≈$1.00 + $7.00 = $8.00 | ≈$6.00 | ≈$10.00 | ≈$10.00 |
| Leverage | Up to 1:2000 | Up to 1:2000 | Up to 1:2000 | Up to 1:2000 |
| Margin per Lot | 50 EUR | 50 EUR | 50 EUR | 50 EUR |
| Min Deposit | $10 | $10 | $10 | $5 |
| Min Lot | 0.01 | 0.01 | 0.01 | 0.01 |
Spreads: indicative, 30-day rolling median, normal volatility. Actual results vary by market conditions and session. Cost per lot is illustrative based on median spreads.
| Parameter | Value |
|---|---|
| Trading Hours | 22:00 Sunday – 22:00 Friday UTC |
| Swap Long | -6.42 pts/lot/day (current; verify in MT5) |
| Swap Short | +1.83 pts/lot/day (current; verify in MT5) |
| Stop Level | 0 (current; no minimum distance — verify in MT5) |
| Execution | Direct to multiple institutional liquidity providers (details: /en/execution/) |
Swap rates change based on central bank rate differentials. Verify current rates and all contract specifications in MT5 Symbol Properties
Monitor correlated instruments to avoid unintended directional overlap.
| Instrument | Correlation | Reason |
|---|---|---|
| GBP/USD | Strong positive | Both driven by USD strength |
| USD/CHF | Strong negative | Mirror of EUR/USD in most regimes |
| USD/JPY | Variable | Diverges during risk-off (JPY safe haven) |
| DXY | Strong negative | EUR is ~57.6% of DXY weighting |
| EUR/GBP | Moderate positive | Isolates EUR-specific moves from USD |
Correlations shift during crises. Use as a risk filter, not a signal.
Illustrative example: $100 deposit at 1:2000 = $200,000 notional exposure. A 5-pip move = $100 gain or loss — your entire deposit. At 1:100: same move = $5. Position sizing and stop-losses are essential.
EUR/USD can move 50–150 pips within minutes of major releases (NFP, rate decisions). Spreads widen during these events.
Weekend gaps are typically small (5–20 pips), but geopolitical shocks produce larger gaps. Stop-losses may execute at worse prices than set levels.
Positions held past 5 PM UTC incur swap charges. Current EUR/USD swaps: long -6.42, short +1.83 pts/lot/day. Rates change with central bank differentials. Verify current rates in MT5 Symbol Properties. Factor swaps into multi-day economics.
Four account types from $5, all supporting EUR/USD.
Trading EUR/USD with leverage carries substantial risk. CFDs are derivatives. Losses can exceed your deposited funds. Currency prices move rapidly on central bank decisions, economic data, and geopolitical events. Past performance is not indicative of future results.
All spread claims: indicative, 30-day rolling median, normal volatility. Actual results vary by account type, liquidity, and market conditions. P50 execution under 50ms (standard sessions). Actual speed varies with market conditions. Cost-per-lot examples are illustrative based on median spreads and stated assumptions.
Regulated by FSC Mauritius (License GB23202470). Client funds are held separately in accordance with applicable FSC Mauritius rules. Fund segregation is a regulatory safeguard, not a guarantee against all risk. Leverage and instrument availability may vary by jurisdiction.