As far as I remember, back in 2005 getting 3 pips spread on the EUR/USD currency pair was pretty cool with the retail Forex brokers. Times have changed and the spreads considered “good” too. Clearly, many companies can now boast spreads below 1 pip. Unfortunately, these low spreads usually come at a cost of either some added commission or an increased minimum account/position size. As a result, not all traders can fully enjoy the industry’s current
The poll below asks you about the average bid/ask spread for EUR/USD you get from your broker. If you trade with two or more brokers, then please select the option that corresponds with the broker you do the majority of your EUR/USD trading with. For example, I get an average spread of 1 pip from one broker and 2 pips from another, but most of my EUR/USD trades are done with the second one, so I vote “2 pips, no commission” in this poll.
If you have some commentary regarding the spread offered by Forex brokers, please feel free to reply to this post using the form below.