Trade EUR/USD, the world's most traded pair
EUR/USD prices how many US dollars one euro buys. It combines the two largest currencies in the world, which gives it the deepest liquidity in forex and makes it the first pair most traders learn. Trade it on MetaTrader 5 with IST Markets, long or short, with competitive spreads.
- 24/5 trading
- Buy or sell
- Regulated by FSC Mauritius
EUR/USD
Typical spread, pips · Premium
1.7
About EUR/USD
Euro vs US dollar
According to the Bank for International Settlements' Triennial Survey, EUR/USD accounts for more daily turnover than any other currency pair. That depth usually means tight spreads and orderly price action outside major news, which is why it suits both short-term traders and those who hold positions for days.
The pair is a direct read on the relative outlook for the euro area and the United States. When the market expects the Federal Reserve to keep rates higher than the European Central Bank, the dollar tends to strengthen and EUR/USD falls; when the gap is expected to narrow, the euro tends to gain.
- MT5 symbol
- EURUSD
- Known as
- Fiber
- Pip size
- 0.0001
- Trading hours
- 24/5
- Central banks
- ECB and US Federal Reserve
- Pip value (1 lot)
- $10 per standard lot (100,000 units)
- Character
- Deepest liquidity, steady ranges
What moves it
4 forces that drive EUR/USD
ECB vs Fed policy
The expected interest-rate gap between the ECB and the Fed is the main long-term driver. Both hold eight scheduled policy meetings a year.
US data
Non-farm payrolls, CPI inflation and retail sales often cause the sharpest intraday moves, because they reshape Fed expectations.
Euro-area growth and inflation
Flash HICP inflation, PMI surveys and German indicators such as Ifo and ZEW show how the euro economy is doing.
Risk mood and energy
In global stress the dollar is often in demand. Europe is a large energy importer, so energy price spikes can weigh on the euro.
When to trade
Best hours and key releases for EUR/USD
Most active: London and the London–New York overlap, roughly 12:00–16:00 GMT (16:00–20:00 UAE time).
| Session | GMT | UAE time |
|---|---|---|
| Sydney | 21:00–06:00 | 01:00–10:00 |
| Tokyo | 00:00–09:00 | 04:00–13:00 |
| LondonActive | 07:00–16:00 | 11:00–20:00 |
| New YorkActive | 12:00–21:00 | 16:00–01:00 |
Releases that move EUR/USD
- US non-farm payrollsUsually the first Friday of the month.
- US CPI inflationMonthly, mid-month.
- FOMC rate decisionEight times a year, with a press conference.
- ECB rate decisionEight times a year, with a press conference.
- Euro-area flash HICP and PMIsMonthly, early and late in the month.
Spreads can widen and prices can gap around these releases. Check an economic calendar for exact dates and times.
Pricing
EUR/USD spreads by account
Typical spreads from our dealing desk, per account type.
| Symbol | VIP* | Premium | Classic |
|---|---|---|---|
| EUR/USD | 1.7 | 1.7 | 2.7 |
* VIP spreads plus $6 commission per lot round turn. Premium and Classic: no commission.
* Indicative typical spreads, may vary; last updated 28 September 2026. Spreads are variable and may widen during news releases and low-liquidity sessions. Commissions may apply depending on account type.
Leverage magnifies both gains and losses. Maximum leverage depends on the instrument, account type and your jurisdiction.
Get started
How to trade EUR/USD on MT5
- 1
Open an account
Register online, verify your identity and choose Classic, Premium or VIP. - 2
Fund your account
Deposit with one of the available methods in the client portal. - 3
Find EURUSD in MT5
Log in to MetaTrader 5, open Market Watch and add EURUSD to see the live price and spread. - 4
Plan and place the trade
Set your position size and stop-loss, then choose Buy if you expect the pair to rise or Sell if you expect it to fall.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Forex prices, including EUR/USD, can move quickly against you, especially around news releases.
FAQ
Frequently asked questions
What is the spread on EUR/USD at IST Markets?
The typical EUR/USD spread is 1.7 pips on the Premium account and 2.7 pips on Classic, both with no commission. On VIP it is 1.7 pips plus a commission of $6 per lot round turn. Spreads are variable and can widen around news and at low liquidity.
What is the pip value of EUR/USD?
One pip on EUR/USD is a price move of 0.0001. On one standard lot it is worth $10 per standard lot (100,000 units); a mini lot (0.10) is worth a tenth of that and a micro lot (0.01) a hundredth. Use the free pip calculator to work it out for your trade size.
What is the best time to trade EUR/USD?
The pair trades 24 hours a day, Monday to Friday. It is usually most active during London and the London–New York overlap, roughly 12:00–16:00 GMT (16:00–20:00 UAE time). Liquidity tends to be thinnest around the daily rollover and late on Fridays, when spreads can widen.
Why is EUR/USD called Fiber?
Traders nicknamed it Fiber when the euro replaced the Deutsche mark, as a counterpart to GBP/USD's older nickname, Cable, which comes from the transatlantic telegraph cable.
What moves EUR/USD the most?
Expectations for ECB and Federal Reserve interest rates, and the US and euro-area data that change those expectations: payrolls, inflation and PMI surveys in particular.
Ready to trade EUR/USD on MT5?
Register in about 5 minutes; account verification may take longer.