EUR/USD Spread Comparison UK: 10 Brokers Tested (2026)
Which broker has the lowest EUR/USD spread?
Last updated: 30th August 2026
As of August 2026, the tightest EUR/USD spread across the 10 UK brokers we checked was 0.5 pips, shared between CMC and Pepperstone.
| Month Checked | Tightest broker(s) | EUR/USD Spread |
|---|---|---|
| August 2026 | CMC Markets & Pepperstone | 0.5 pips |
| July 2026 | CMC Markets & Pepperstone | 0.5 pips |
| June 2026 | CMC Markets | 0.5 pips |
| May 2026 | CMC Markets | 0.5 pips |
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EUR/USD spreads compared from ten different brokers
I took ten of the top CFD and spread betting brokers and pitted them against each other to find the best broker to trade EUR/USD with.
Why?
Well, I wanted to see for myself which broker had the tightest spread… but unlike these big comparison sites, I’m a trader who wants the best deal possible. Like you, right?
Because if you’re in the UK and happen to trade… Well, be prepared to be bombarded with ads!
Brokers want your business…
“Trade with zero spread” is the common one…
Well, yeah, but you charge a commission on top, so it’s not really zero spread, is it?
Or the classic “Spreads from…”
Mate, no one here is still falling for the ‘from trick’, what’s next? “Everything must go?”
We don’t want headline spreads; we want real-world spreads a real trader would face on a typical trading day.
Anyway… enough trader cynicism. Let’s just find the broker with the lowest EUR/USD spread, shall we?
Lowest EUR/USD Spread Method
So my method is pretty simple…
I get ten of the top brokers in the UK (or at least FCA-regulated) loaded up EUR/USD quotes on one screen, and take a screenshot at a random time of day.
No funny business, just what you or I would do if we saw a setup on EUR/USD. Open the ticket and place the trade.
I selected these brokers:
- CMC Markets
- IG
- FXPro
- City Index
- Plus500
- Pepperstone
- Capital.com
- Forex.com
- Oanda
- FXCM
EUR/USD broker spreads ranked from lowest to highest
Ok, let’s put these brokers in order. Remember, my rule is simple: the spread I see on the screenshot is the spread.
- CMC Markets and Pepperstone — 0.5 pips
- IG — 0.6 pips
- Capital.com — 0.7 pips
- FXCM, Oanda and City Index — 0.8 pips
- Plus500 and Forex.com — 0.9 pips
- FXPro — 1.40 pips
So, that was it: of the ten brokers I tested on a typical Tuesday afternoon trading forex,
The lowest-spread UK brokers on EUR/USD were Pepperstone and CMC Markets at 0.5 pips.
Check out CMC’s EUR/USD spreads
CMC Markets has recorded the lowest or joint-lowest EUR/USD spread in every monthly check we’ve run since May, four months in a row, with a consistent 0.5 pip spread. Pepperstone has matched it at 0.5 pips in both July and August.
Now, of course, do your own research and check the spreads yourself. Brokers can change spreads with market conditions or just because…, but those were my findings.
If you trade other markets, then check out my other UK broker spread comparisons. DOW | FTSE | DAX | Nasdaq | S&P 500 |Oil | GOLD | GBP/USD | USD/JPY. Or see the lot on my spread checker page.
Oh, and if you’re a British trader in the UK considering spread betting, then have a look at my spread betting tax guide with HMRC proof… the good news?
Profits are free of tax…nice.