CFD broker cost ledger — EUR/USD, verified and graded
What one EUR/USD round turn on a standard lot costs at six brokers, as one table. Each row is average spread × $10 plus round-turn commission, and every row carries an evidence grade, a source and an access date. The ledger is re-checked monthly, on the third Friday.
Ledger v1.0 · as of 15 Oct 2026 · 6 of 6 brokers on verified basis · 9 rows: 7 B, 1 B+C, 1 C
Method and grading rules: methodology. Mistakes go in the corrections log.
- Version1.0, 15 Oct 2026
- Brokers · rows6 · 9
- Refresh cadenceMonthly, third Friday
- LicenceCC BY 4.0 (compilation)
RoboForex’s ECN account shows the lowest verified all-in cost in this ledger (≈$5.34), marginally below Fusion Markets’ Zero (≈$5.50); both are broker-published figures (grade B).
All-in cost per standard lot, round turn, EUR/USD
Rows run from the lowest all-in figure to the highest. The order is the arithmetic, not advice.
| Broker and account | Avg spread (pips) | Commission (round turn) | All-in per lot | Grade | Min. deposit | Regulation | Source | Review |
|---|---|---|---|---|---|---|---|---|
| RoboForexECN · MT4/MT5 | 0.1as of 2026-10-15 | ≈$4.34 | ≈$5.34 | B | $10 | FSC Belize | roboforex.com: ECN EUR/USD specificationroboforex.com: ECN commission FAQAccessed 2026-10-15 | RoboForex review (ECN) |
| Fusion MarketsZero · MT4/MT5 | 0.1as of 2026-10-14 | $4.50 | $5.50 | B | $0 | ASIC (VFSC) | fusionmarkets.comfxrecap.com/feesAccessed 2026-10-14 | Fusion Markets review (Zero) |
| TickmillRaw · MT4/MT5 | 0.1as of 2026-10-15 | $6.00 | $7.00 | B+C | $100 | FCA + CySEC | tickmill.com/trading/accounts-overviewtickmill.com/eu/conditions/trading-costs-feesTradersPartner, 2026 broker-cost article (Feb 2026)Accessed 2026-10-15 | Tickmill review (Raw) |
| FP MarketsRaw · MT4/MT5 | 0.1as of 2026-10-15 | $6.00 | $7.00 | B | $100 | ASIC + CySEC | fpmarkets.com/account-typesAccessed 2026-10-15 | FP Markets review (Raw) |
| IC MarketscTrader | 0.1as of 2026-09 | $6.00 | $7.00 | B | $200 | ASIC + CySEC + FSA | icmarkets.comfxrecap.com/feesAccessed 2026-10-14 | IC Markets review (cTrader) |
| PepperstoneRazor · cTrader | 0.1as of 2026-08-01 to 2026-08-31 | $6.00 | $7.00 | B | — | ASIC + FCA + CySEC | pepperstone.com/en-gb/markets/forex/pairs-and-spreadspepperstone.com/en/trading/costs-and-feesAccessed 2026-10-15 | Pepperstone review (Razor) |
| FP MarketsRaw (tested) · MT4/MT5 | 0.2as of 2026-10 | $6.00 | $8.00 | C | — | — | compareforexbrokers.com/reviews/fp-markets-review/Accessed 2026-10-15 | — |
| IC MarketsMT5 | 0.1as of 2026-09 | $7.00 | $8.00 | B | — | ASIC + CySEC + FSA | icmarkets.comfxrecap.com/feesAccessed 2026-10-14 | IC Markets review (MT5) |
| PepperstoneRazor · MT5 | 0.1as of 2026-08-01 to 2026-08-31 | $7.00 | $8.00 | B | $0 | ASIC + FCA + CySEC | pepperstone.com/en-gb/markets/forex/pairs-and-spreadspepperstone.com/en/trading/costs-and-feesAccessed 2026-10-15 | Pepperstone review (Razor) |
EUR/USD, one standard lot (100,000 units), round turn, USD, as of 15 Oct 2026. Spreads are averages over the window shown, or the broker’s current published average where the date equals the access date. Not included: swaps, slippage, requotes, deposit and withdrawal fees, currency conversion. A dash means the figure was not recorded for that row.
Row notes
- Pepperstone. Spread data window 01/08/2026 to 31/08/2026. Commission $3.50 a side on MT5 ($7.00 round turn) and $6.00 round turn on cTrader.
- FP Markets. The first row uses the broker’s published 0.1 pip average and $3.0 each way. The “tested” row is a third-party measurement of 0.2 pips (grade C), updated Oct 2026.
- Tickmill. Commission of $3 a lot a side on the Raw account comes from the broker’s fee pages (grade B). A Feb 2026 third-party article reports the same 0.1 pip average (grade C), hence B+C.
- IC Markets. Grade B as of Sep 2026. The two accounts share a regulator set; only the commission differs.
- RoboForex. ECN account. Commission is 20 per million a side, calculated on a EUR base: the broker’s worked example gives $4.34 round turn, so the ≈ total floats with EUR/USD.
What the grades mean
- BBroker-published and archived
- CThird-party test, named and dated
- PPending re-check, number withheld
A grade says how a figure can be checked, not whether it suits you. No row is P in v1. Full rules, the formula’s limits and the archive rule are in the methodology. To reproduce a row, open its source, read the EUR/USD average spread and the round-turn commission, and compute spread × $10 + commission.
What is not here
- No recommendation of any broker, and no “best broker” ranking.
- No affiliate links and no referral codes. See how QuantKit is paid.
- No gold, indices or other pairs. The $10 pip value used here holds for EUR/USD.
- No execution quality, platform features or account-safety assessment.
Licence. QuantKit’s compilation, meaning the selection, structure and arithmetic of this table and CSV, is licensed CC BY 4.0: reuse it with credit to QuantKit and a link to this page. The broker figures themselves remain the brokers’ and the cited third parties’.