IC Markets has had the lowest EURUSD weekly spread average for 12 weeks in a row now, flexing their dominance of forex spreads. During the period all of IC Markets EURUSD spread averages were below 0.0 pips, showing consistenly low spreads. Low spreads minimise the trading costs for forex traders, and are essential for scalpers or system traders to be profitable. TradeProofer records over 50 different forex broker accounts.
The TradeProofer EURUSD spread Industry Index is an average of 10 different broker accounts. These are IC Markets Raw, FP Markets Raw, TMGM Edge, Pepperstone Razor, Axi Pro, Eightcap Raw, Fusion Markets Zero, Vantage FX Raw, and Global Prime No Commission Raw.
Below you can see the last 12 weekly spread averages for IC Markets vs the TradeProofer EURUSD Spread Industry Index. The spread is in pips.
Currently the TradeProofer EURUSD sentiment is mixed, showing relatively equal long and short positions.