[B]EUR/USD Spread Averaged 0.3 during Peak Trading Hours in 2015
EUR/USD Spread .1 or less 8.32% in 2015[/B]
Today we reported our worldwide average spread data on several of the top currency pairs.
The data were compiled using the average spread for standard accounts during peak market trading hours as well as non-peak trading hours. We also looked at the percentage of time spreads were .1 pip or less, at any time of the day.
Below are the data for EUR/USD, and you can see the info for other pairs in the full report.
[B]75% of EUR/USD orders and volume in 2015 across all FXCM entities were traded during Peak Trading Hours[/B]
(1am EST — 1pm EST from January 1, 2015 to December 31, 2015, excluding weekends)
[B]Average Spread During Peak Trading Hours: 0.3 pips[/B] (rounded up from 0.292)
[ul]
[li]Total round trip cost = 0.3 spread + $0.04 + $0.04 commission = $0.11 all in cost per 1K lot
[/li][li]Total round trip cost = 0.3 spread + $0.40 + $0.40 commission = $1.10 all in cost per 10K lot
[/li][li]Total round trip cost = 0.3 spread + $4.00 + $4.00 commission = $11.00 all in cost per 100K lot
[/li][/ul]
[B]Average Spread during Non-Peak Trading Hours: 0.6 pips[/B] (rounded up from 0.553)
[ul]
[li]Total round trip cost = 0.6 spread + $0.04 + $0.04 commission = $0.14 all in cost per 1K lot
[/li][li]Total round trip cost = 0.6 spread + $0.40 + $0.40 commission = $1.40 all in cost per 10K lot
[/li][li]Total round trip cost = 0.6 spread + $4.00 + $4.00 commission = $14.00 all in cost per 100K lot
[/li][/ul]
[B]Percent of time .1 or less 2015: 8.32%[/B]
[ul]
[li]Total round trip cost = 0.1 spread + $0.04 + $0.04 commission = $0.09 all in cost per 1K lot
[/li][li]Total round trip cost = 0.1 spread + $0.40 + $0.40 commission = $0.90 all in cost per 10K lot
[/li][li]Total round trip cost = 0.1 spread + $4.00 + $4.00 commission = $9.00 all in cost per 100K lot
[/li][/ul]
[I]Commissions shown in trade cost calculations represent accounts with a base currency of USD and are for most standard account holders. However, FXCM does offer discounted commissions at various levels for high-volume traders trading over $50 million in notional volume monthly or with account balances of over $25K.[/I]