NordFX EUR/USD Spread Compared to Top Competitors
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Your location is United States
The average spread for the EUR/USD across more than 200 brokers that offer ECN and Raw Spread accounts showed it is 0.17 pips. The average spread of NordFX for the EUR/USD currency pair is 0.1, which corresponds to a Low level
How Does NordFX EUR/USD Spread Compare to top Competitors?
The average EUR/USD spread among over 200 researched Forex brokers on ECN accounts is 0.17 pips All spreads mentioned are based on the analysis of publicly available sources and data provided by the brokers. . We also compared the spreads and per-lot fees of NordFX with top competitors that accept clients from your country.
| NordFX | zForex | OANDA | |
|---|---|---|---|
| EUR/USD | 0.1 | 0.1 | 0.15 |
| GBP/USD | 0.2 | 0.15 | 0.2 |
| ECN commission (per lot) | 3 | 7 | 3.5 |
| Supported Currency pairs | 33 | 50 | 68 |
| Go to broker Your capital is at risk. |
Go to broker Your capital is at risk.
|
Go to broker Your capital is at risk. |
What Other Fees Does NordFX Charge?
We also compared the spreads of NordFX on Standard account types with those of competitors, as well as non-trading fees such as inactivity fees and withdrawal fees.
| NordFX | zForex | OANDA | |
|---|---|---|---|
| EUR/USD, min pips | 0.9 | 0.1 | 0.1 |
| EUR/USD, max pips | 1.2 | 0.4 | 0.5 |
| GBP/USD, min pips | 1.3 | 0.2 | 0.1 |
| GBP/USD, max pips | 1.9 | 0.6 | 0.5 |
| NordFX | zForex | OANDA | |
|---|---|---|---|
| Deposit fee, % | 0-1.99 | 0 | 0 |
| Withdrawal fee, % | 0-5 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee, $ | 0 | 0 | 0 |
NordFX ECN/Raw Spread Account vs Standard Account: Where is the Lower Spread?
According to calculations by Traders Union based on the analysis of over 300 brokers, the average cost of executing a trade of 1 standard lot of EUR/USD on an ECN/RAW account, including spread and commission, is $5.20. In contrast, the average spread on a Standard account is 0.8 pips, which is equivalent to $8 per lot. It is also worth noting that ECN/RAW accounts generally offer faster order execution and allow trading with bots, making them more suitable for active traders.
The average NordFX EUR/USD spread is 0.1, which equal to 1$, plus you will need to pay a commission per lot of ECN 3$. NordFX Standard account spread is 0.9, which equal to 0.1; however, there is no extra commission to pay in this case.
What Other Factors Directly Affect NordFX EUR/USD Spread?
Several factors directly impact NordFX the overall cost of executing trades in EUR/USD, beyond just the average spread. Here are some key considerations:
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Liquidity and Daily Turnover:
Higher liquidity and larger daily turnover generally result in tighter spreads and better trade execution. Brokers with higher liquidity can offer more competitive pricing and faster order execution, which is crucial for active traders.
Top 3 Forex Brokers by Trading Turnover Average Daily Turnover for All Currency Pairs $B IUX Markets 37 Go to broker Your capital is at risk.IC Markets 29 Go to broker Your capital is at risk.DB Investing 24 Go to broker Your capital is at risk. -
NordFX Order Execution Speed:
Faster order execution reduces the likelihood of slippage, ensuring that trades are executed at the expected prices. This is especially important for scalpers and high-frequency traders. Typically, order execution speed is better on ECN accounts. NordFX is an ECN forex broker, which means it offers high.
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Time of Day:
- Best Times to Trade EUR/USD is Peak Activity: 8:00 AM to 12:00 PM EST (1:00 PM to 5:00 PM GMT). During the overlap of the London and New York sessions, liquidity is highest and spreads are usually the tightest.
- Worst Times to Trade EUR/USD: 5:00 PM to 10:00 PM EST (10:00 PM to 3:00 AM GMT). Spreads widen during this period due to low liquidity when major markets are closed.
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Commission Fees
In addition to spreads, commission fees per trade can significantly impact the total cost. ECN/RAW accounts often charge a commission per lot, which needs to be factored into the overall trading cost.
NordFX Commison Per Lot is 3$
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Non-Trading Fees:
Inactivity fees, withdrawal fees, and other non-trading charges can add up and impact your overall profitability. It is essential to review all potential fees associated with the broker.
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VPS (Virtual Private Server) Services:
Utilizing a VPS can enhance your trading by providing a stable and high-speed internet connection, reducing latency and potential slippage. This is particularly beneficial for automated trading systems and high-frequency traders, as it ensures your trades are executed as quickly as possible, minimizing execution costs.
NordFX Extra Services For Active Traders Vs Competitors NordFX zForex OANDA Free VPS Yes Yes Yes API No No Yes Signals (alerts) Yes Yes Yes TradingView integration No No Yes Trading bots (EAs) No Yes Yes Scalping Yes Yes Yes One click trading No Yes Yes
NordFX Regulation and Other Important Trading Conditions
| Regulation | FSA Seychelles, FSC Mauritius |
|---|---|
| Minimum deposit | $10 |
| Trading platform | MT4 MultiTerminal, MetaTrader Mobile, MetaTrader 4, MetaTrader 5 |
| Accounts | MT4 Pro, MT4 Zero, MT5 Pro, MT5 Zero |
| Account currency | USD |
| Replenishment / Withdrawal | Perfect Money, Neteller, Skrill, Help2Pay, PayToday, Thailand QR Code and Vietnam QR Code, FasaPay, SticPay, PIX Brazil, Dragonpay, BOLETO Brazil, OXXO Mexico, FairPay, Turkey QR Code, Bangladesh Nagad/Bkash, Pinikle Voucher, Cryptocurrencies, Stable coins, Mobile Payments, Bank cards, Bank transfer |
| Trading features | Cryptocurrency trade; Copy Trading; RAMM service; Free analytics. |
| Instruments | 33 currency pairs, 6 cryptocurrency pairs, 10 CFD on indexes, 23 CFD on stocks, gold, silver, oil, gas. |
Can I Copy Trade EUR/USD at NordFX?
Yes, you can copy trade EUR/USD at NordFX. Copy trading allows you to automatically replicate the trades of successful traders on the platform, offering a convenient way to benefit from their expertise without needing to actively manage your trades. This is especially useful for beginners or those with limited time, as it enables access to professional strategies while trading one of the most liquid currency pairs in the market.
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