Spread Index Historical Tracker
Month-over-month EUR/USD trading cost trends across 28 EU-accessible forex brokers. Updated monthly. CC BY 4.0.
3 editions tracked · Latest: November 2026
Index Editions
Each edition is a permanent snapshot. Click to view the full ranking for that month.
Per-Broker Cost Cards
Current all-in EUR/USD cost per standard lot. Trend indicators appear once multiple editions are available.
#1
Fusion Markets
$4.50
per lot · Zero
#2
Axi
$4.50
per lot · Premium
#3
Trade Nation
$5.00
per lot · TN Trader
#4
Interactive Brokers
$5.56
per lot · IBKR Pro (Tiered)
#5
eToro
$5.70
per lot · CFD
#6
BlackBull Markets
$6.00
per lot · ECN Prime
#7
Tickmill
$6.00
per lot · Raw
#8
Vantage Markets
$6.00
per lot · Raw ECN
#9
Exness
$7.00
per lot · Raw Spread
#10
Equiti
$7.00
per lot · Premier
#11
Eightcap
$7.00
per lot · Raw
#12
FXTM
$7.00
per lot · Advantage
#13
Admirals
$7.00
per lot · Zero
#14
Forex.com
$7.00
per lot · Standard
#15
Capital.com
$7.00
per lot · CFD
#16
Pepperstone
$8.00
per lot · Razor
#17
IC Markets
$8.00
per lot · Raw Spread (MetaTrader)
#18
XTB
$8.00
per lot · Standard
#19
Swissquote
$8.00
per lot · Standard
#20
AvaTrade
$8.00
per lot · Retail CFD
#21
IG
$9.00
per lot · CFD
#22
Saxo Bank
$11.00
per lot · Classic
#23
FxPro
$12.28
per lot · cTrader
#24
FXCM
$13.00
per lot · Standard
#25
Trading 212
$13.00
per lot · CFD
#999
XM
$0.00
per lot · Zero
#999
OANDA
$0.00
per lot · Standard
#999
Plus500
$0.00
per lot · CFD
Full Historical Data
All editions side by side. Sorted by latest rank.
| Broker | June 2026 Rank | October 2026 Rank | November 2026 Rank | June 2026 Cost | October 2026 Cost | November 2026 Cost |
|---|---|---|---|---|---|---|
| Fusion Markets | — | #1 | #1 | — | $4.50 | $4.50 |
| Axi | #16 | #2 | #2 | $7.00 | $4.50 | $4.50 |
| Trade Nation | #13 | #3 | #3 | $6.00 | $5.00 | $5.00 |
| Interactive Brokers | #2 | #4 | #4 | $1.00 | $5.56 | $5.56 |
| eToro | #21 | #5 | #5 | $10.00 | $5.70 | $5.70 |
| BlackBull Markets | — | #6 | #6 | — | $6.00 | $6.00 |
| Tickmill | #9 | #7 | #7 | $6.00 | $6.00 | $6.00 |
| Vantage Markets | — | #8 | #8 | — | $6.00 | $6.00 |
| Exness | — | #9 | #9 | — | $7.00 | $7.00 |
| Equiti | — | #10 | #10 | — | $7.00 | $7.00 |
| Eightcap | #17 | #11 | #11 | $7.00 | $7.00 | $7.00 |
| FXTM | — | #12 | #12 | — | $7.00 | $7.00 |
| Admirals | #4 | #13 | #13 | $5.00 | $7.00 | $7.00 |
| Forex.com | #22 | #14 | #14 | $10.00 | $7.00 | $7.00 |
| Capital.com | #10 | #15 | #15 | $6.00 | $7.00 | $7.00 |
| Pepperstone | #14 | #17 | #16 | $6.90 | $8.00 | $8.00 |
| IC Markets | #12 | #18 | #17 | $6.00 | $8.00 | $8.00 |
| XTB | #1 | #19 | #18 | $1.00 | $8.00 | $8.00 |
| Swissquote | #11 | #21 | #19 | $6.00 | $8.00 | $8.00 |
| AvaTrade | #20 | #22 | #20 | $9.00 | $8.00 | $8.00 |
| IG | #6 | #23 | #21 | $6.00 | $9.00 | $9.00 |
| Saxo Bank | #7 | #24 | #22 | $6.00 | $11.00 | $11.00 |
| FxPro | #15 | #25 | #23 | $7.00 | $12.28 | $12.28 |
| FXCM | #3 | #26 | #24 | $2.00 | $13.00 | $13.00 |
| Trading 212 | #19 | #27 | #25 | $9.00 | $13.00 | $13.00 |
| XM | #5 | #16 | — | $6.00 | $7.98 | — |
| OANDA | #8 | — | — | $6.00 | — | — |
| Plus500 | #18 | #20 | — | $8.00 | $8.00 | — |
Cite This Data
This dataset is published under CC BY 4.0. You are free to share and adapt the data for any purpose, including commercial, provided you give appropriate credit.
Recommended citation
fx-brokers.eu. “EU Broker Spread Index — Historical Data.” Accessed 2026-10-26. https://fx-brokers.info/research/eu-broker-spread-index/history
For academic or journalistic use, link to this page for reproducibility. Individual edition snapshots are archived at permanent URLs.
Methodology
Each monthly edition measures total EUR/USD trading cost as: (Spread in pips × $10) + Round-turn commission. Spreads are each broker's published typical or minimum on their cheapest eligible account type during liquid London/New York sessions. Commissions are the standard published rate (no volume discounts applied).
The historical tracker aggregates all published editions into a longitudinal dataset. Brokers that enter or leave the index are shown with data only for the editions in which they appeared. Cost deltas are computed as simple month-over-month differences.
Full methodology and limitations are documented on the current edition page.
Related Research
CFD Risk Warning
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This website is for informational purposes only. The content does not constitute investment advice. Trading leveraged products carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. EU retail leverage limits apply (ESMA): up to 30:1 on major FX pairs, 20:1 on minor FX, 20:1 on major indices, 10:1 on commodities, 5:1 on equities, 2:1 on crypto.
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