EUR/USD Spread Hits Record Low at Dukascopy Bank

Today Dukascopy traders enjoyed pretty low spreads on the major pair.

On Wednesday, Swiss brokerage Dukascopy Bank announced that the average spread on the EUR/USD currency pair has hit a record low at 0.16 pips during the European trading session.

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Usually, the higher the liquidity, the lower the volatility, and therefore the tighter the spread. Dukascopy was among the first forex brokers to create its own ECN model and provide it to retail traders. As such, the ECN-marketplace model and the big number of Dukascopy’s liquidity providers, more than 25 leading banks, helped the company provide its clients today with some of the best trading conditions.

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According to the Dukascopy announcement, during European session, 46.1% of EUR/USD quoted prices have the spread of 0.1 pips, while 44.7% have the spread of 0.2 pips. Looking at other brokers’ platforms, FXCM for example, the EUR/USD best spreads were around 0.3 pips.

Dukascopy offers on its website a widget that shows the average spreads for different trading sessions. It is possible to view spreads for different time periods (daily, monthly or quarterly) and see distribution of spreads for respective time frame.

History-of-Dukascopy-EUR-USD-spreads-during-European-session

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