What EUR/USD actually costs per lot

EUR/USD is the most liquid pair in the world, which makes it the best yardstick for comparing costs
across account types. This reduces everything to one number: how many dollars a lot costs you.

1. The base figure

One standard lot of EUR/USD is €100,000. On this
pair, one pip is $10 per lot. Every calculation below starts there.

2. Standard account (no commission)

Typical spread during London: 0.8–1.4 pips. Take the middle at 1.1:

1.1 × 10 = $11 per lot, and that is the whole round-turn cost.

3. Raw / ECN account (with commission)

Typical spread: 0.0–0.3 pips.
Round-turn commission: $6. At a 0.2-pip spread:

0.2 × 10 + 6 = $8 per lot.

4. What the difference compounds to

Three dollars a lot sounds small. For someone trading 30 lots a month it is $90 a month,
over $1,000 a year — purely from choosing the
right account type.

5. Where the rebate comes in

This is where people get it wrong. The rebate usually differs between Standard and Raw at
the same broker, because the commission pool differs. Say Standard pays $8 a lot and Raw $3.50:

• Standard: 11 − 8 = $3 net
• Raw: 8 − 3.50 = $4.50 net

The order reverses completely against the gross figures. Which is why the
rebate table by account type is worth more attention than
the “spreads from 0.0” line in the advertising.

6. The hours change every number

All of the above is for the London–New York overlap, at
peak liquidity. Outside it:

• The early Asian session: spreads typically one and a half to two times wider.
• Around US data: several times wider for a few seconds.
• The session changeover around 21:00–22:00 UTC: the thinnest of the day.

If your schedule only allows the Asian session, cost it with Asian-session spreads rather than the
advertised figure.

This article is for information only and is not investment advice. Conditions and fee levels are published by the brokers and can change at any time — check with the broker you actually use. Leveraged forex and CFD trading carries a high level of risk and can cost you your entire deposit.