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      Compare Forex Brokers!
      Compare top Forex brokers side-by-side and find the best fit for your trading needs. Start your comparison now!
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      Compare Forex Brokers!
      Compare top Forex brokers side-by-side and find the best fit for your trading needs. Start your comparison now!
      Compare Now!
      Alison Heyerdahl
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      Alison Heyerdahl
      Edited by
      Alison Heyerdahl
      Head of Content
      Learn more about Alison Heyerdahl
      Author
      Author
      Chris Cammack
      Partner Manager and Financial Writer

      <p>Chris manages the relationships with our partners to provide our users with the best Forex trading experience possible. Chris has 15+ years of experience in research, editorial and design for political and financial publications. His background has given him a deep understanding of international financial markets and the geopolitics that affect them.</p>

      Learn more about Chris Cammack

      Euro/Japanese Yen - EUR/JPY

      Discover the latest movements and expert technical analysis on the EUR/JPY currency pair, with an interactive live chart and a comprehensive list of brokers offering the lowest trading costs for this dynamic market.

      60-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.

      EUR/JPY Background

      While not as heavily traded as currency pairs involving the USD, the EUR/JPY has some unique characteristics that make it worthwhile for some traders. Historically a low-yielding currency, the JPY is a favourite for traders who wish to carry trades; ie. borrow JPY cheaply and purchase EUR, historically a high-yielding currency.

      Because carry-trading is more popular in times of economic stability and growth, the EUR/JPY is more affected by market sentiment than many other currency pairs. EUR/JPY traders also need to be aware of monetary policy in both the Eurozone and Japan. Because it is less commonly traded, spreads can be relatively wide for the EUR/JPY, averaging about 1.8 pips.

      The table below shows the Forex brokers with the lowest trading costs for EUR/JPY, including the spread and commission. It also details the industry average spread and industry average trading cost for 1 lot of EUR/JPY.

      Best EUR/JPY Forex Brokers

      You can either use the arrow button or swipe on mobile

      Official Site
      Min. Spread
      Commission
      Cost of Trading (USD)
      Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission.
      Ind. Avg. Spread
      Ind. Avg. Trading Cost
      International Regulators
      Trading Desk
      Hedging
      Scalping
      Compare
      4.69
      / 5
      Visit BrokerReview
      2.57 pips
      USD 0
      USD 25.70
      1.80 pips
      USD 20.07
      30:1
      FCA Regulated BrokersASIC Regulated Forex BrokersDubai Financial Services AuthorityFinancial Services Agency
      Commodity Futures Trading AssociationFinancial Markets Authority of New ZealandBundesanstalt für FinanzdienstleistungsaufsichtBermuda Monetary Authority
      Market Maker
      Yes
      Yes
      4.68
      / 5
      Visit BrokerReview
      3.60 pips
      USD 0
      USD 36
      1.80 pips
      USD 20.07
      30:1
      FCA Regulated BrokersCySEC Regulated BrokersASIC Regulated Forex BrokersFSCA Regulated Forex Brokers
      British Virgin Islands Financial Services Commission
      Market Maker
      Yes
      Yes
      4.62
      / 5
      Visit BrokerReview
      2.50 pips
      USD 0
      USD 25
      1.80 pips
      USD 20.07
      200:1
      ASIC Regulated Forex BrokersCayman Islands Monetary AuthorityFCA Regulated BrokersMonetary Authority of Singapore
      Market Maker
      Yes
      Yes
      4.61
      / 5
      Visit BrokerReview
      1.00 pips
      USD 0
      USD 10
      1.80 pips
      USD 20.07
      30:1
      FCA Regulated BrokersASIC Regulated Forex BrokersCySEC Regulated BrokersDubai Financial Services Authority
      Bundesanstalt für FinanzdienstleistungsaufsichtSecurities Commission of the BahamasCapital Markets Authority
      NDD
      Yes
      Yes
      4.60
      / 5
      Visit BrokerReview
      1.60 pips
      USD 0
      USD 16
      1.80 pips
      USD 20.07
      30:1
      ASIC Regulated Forex BrokersCySEC Regulated BrokersFSCA Regulated Forex BrokersThe Seychelles Financial Services Authority
      Financial Services CommissionCapital Markets Authority
      ECN/DMA
      Yes
      Yes
      4.59
      / 5
      Visit BrokerReview
      1.80 pips
      USD 0
      USD 18
      1.80 pips
      USD 20.07
      30:1
      ASIC Regulated Forex BrokersFSCA Regulated Forex BrokersCySEC Regulated BrokersFinancial Services Agency
      Central Bank of IrelandFinancial Regulatory Services AuthorityIsrael Securities Authority
      Market Maker
      Yes
      Yes
      4.58
      / 5
      Visit BrokerReview
      0.50 pips
      USD 4
      USD 9
      1.80 pips
      USD 20.07
      30:1
      CySEC Regulated BrokersFCA Regulated BrokersFSCA Regulated Forex BrokersThe Seychelles Financial Services Authority
      Dubai Financial Services Authority
      STP
      Yes
      Yes
      4.53
      / 5
      Visit BrokerReview
      0.59 pips
      USD 7
      USD 12.90
      1.80 pips
      USD 20.07
      500:1
      ASIC Regulated Forex BrokersSecurities Commission of the BahamasFCA Regulated BrokersCySEC Regulated Brokers
      Market Maker NDD
      Yes
      Yes
      4.49
      / 5
      Visit BrokerReview
      0 pips
      USD 0
      USD 0
      0 pips
      USD 0
      30:1
      CySEC Regulated BrokersFCA Regulated BrokersInternational Financial Services CommissionKomisja Nadzoru Finansowego
      Market Maker NDD
      Yes
      Yes
      4.46
      / 5
      Visit BrokerReview
      1.30 pips
      USD 0
      USD 13
      1.80 pips
      USD 20.07
      30:1
      CySEC Regulated BrokersThe Seychelles Financial Services AuthoritySecurities Commission of the BahamasCapital Markets Authority
      ECN/DMA
      Yes
      Yes
      IG
      4.7
      Read Review

      Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

      For detailed information about our testing methodology click here.

      Min. Spread
      2.57 pips
      Commission
      0
      Cost of Trading (USD)
      Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission.
      USD 25
      Ind. Avg. Spread
      1.8 pips
      Ind. Avg. Trading Cost
      USD 20
      Max. Leverage (Forex)
      30:1
      International Regulators
      regulatorregulatorregulatorregulator
      regulatorregulatorregulatorregulatorregulatorregulatorregulator
      Trading Desk
      Market Maker
      Hedging
      Yes
      Scalping
      Yes
      Visit Broker
      Compare now
      markets.com
      4.7
      Read Review

      Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

      For detailed information about our testing methodology click here.

      Min. Spread
      3.6 pips
      Commission
      0
      Cost of Trading (USD)
      Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission.
      USD 36
      Ind. Avg. Spread
      1.8 pips
      Ind. Avg. Trading Cost
      USD 20
      Max. Leverage (Forex)
      30:1
      International Regulators
      regulatorregulatorregulatorregulator
      regulator
      Trading Desk
      Market Maker
      Hedging
      Yes
      Scalping
      Yes
      Visit Broker
      Compare now
      FOREX.com
      4.6
      Read Review

      Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

      For detailed information about our testing methodology click here.

      Min. Spread
      2.5 pips
      Commission
      0
      Cost of Trading (USD)
      Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission.
      USD 25
      Ind. Avg. Spread
      1.8 pips
      Ind. Avg. Trading Cost
      USD 20
      Max. Leverage (Forex)
      200:1
      International Regulators
      regulatorregulatorregulatorregulator
      Trading Desk
      Market Maker
      Hedging
      Yes
      Scalping
      Yes
      Visit Broker
      Compare now
      Pepperstone
      4.6
      Read Review

      Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

      For detailed information about our testing methodology click here.

      Min. Spread
      1 pips
      Commission
      0
      Cost of Trading (USD)
      Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission.
      USD 10
      Ind. Avg. Spread
      1.8 pips
      Ind. Avg. Trading Cost
      USD 20
      Max. Leverage (Forex)
      30:1
      International Regulators
      regulatorregulatorregulatorregulator
      regulatorregulatorregulator
      Trading Desk
      NDD
      Hedging
      Yes
      Scalping
      Yes
      Visit Broker
      Compare now
      FP Markets
      4.6
      Read Review

      Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

      For detailed information about our testing methodology click here.

      Min. Spread
      1.6 pips
      Commission
      0
      Cost of Trading (USD)
      Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission.
      USD 16
      Ind. Avg. Spread
      1.8 pips
      Ind. Avg. Trading Cost
      USD 20
      Max. Leverage (Forex)
      30:1
      International Regulators
      regulatorregulatorregulatorregulator
      regulatorregulator
      Trading Desk
      ECN/DMA
      Hedging
      Yes
      Scalping
      Yes
      Visit Broker
      Compare now
      AvaTrade
      4.6
      Read Review

      Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

      For detailed information about our testing methodology click here.

      Min. Spread
      1.8 pips
      Commission
      0
      Cost of Trading (USD)
      Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission.
      USD 18
      Ind. Avg. Spread
      1.8 pips
      Ind. Avg. Trading Cost
      USD 20
      Max. Leverage (Forex)
      30:1
      International Regulators
      regulatorregulatorregulatorregulator
      regulatorregulatorregulator
      Trading Desk
      Market Maker
      Hedging
      Yes
      Scalping
      Yes
      Visit Broker
      Compare now
      Tickmill
      4.6
      Read Review

      Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

      For detailed information about our testing methodology click here.

      Min. Spread
      0.5 pips
      Commission
      4.00
      Cost of Trading (USD)
      Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission.
      USD 9
      Ind. Avg. Spread
      1.8 pips
      Ind. Avg. Trading Cost
      USD 20
      Max. Leverage (Forex)
      30:1
      International Regulators
      regulatorregulatorregulatorregulator
      regulator
      Trading Desk
      STP
      Hedging
      Yes
      Scalping
      Yes
      Visit Broker
      Compare now
      Eightcap
      4.5
      Read Review

      Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

      For detailed information about our testing methodology click here.

      Min. Spread
      0.59 pips
      Commission
      7.00
      Cost of Trading (USD)
      Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission.
      USD 12
      Ind. Avg. Spread
      1.8 pips
      Ind. Avg. Trading Cost
      USD 20
      Max. Leverage (Forex)
      500:1
      International Regulators
      regulatorregulatorregulatorregulator
      Trading Desk
      Market Maker NDD
      Hedging
      Yes
      Scalping
      Yes
      Visit Broker
      Compare now
      XTB
      4.5
      Read Review

      Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

      For detailed information about our testing methodology click here.

      Min. Spread
      0 pips
      Commission
      0
      Cost of Trading (USD)
      Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission.
      USD 0
      Ind. Avg. Spread
      0 pips
      Ind. Avg. Trading Cost
      USD 0
      Max. Leverage (Forex)
      30:1
      International Regulators
      regulatorregulatorregulatorregulator
      Trading Desk
      Market Maker NDD
      Hedging
      Yes
      Scalping
      Yes
      Visit Broker
      Compare now
      IC Markets
      4.5
      Read Review

      Our broker ratings are derived from rigorous testing by industry experts and experienced traders. We thoroughly evaluate regulatory compliance, security, transparency, trading performance, and customer service. We never accept payment for higher scores, ensuring our ratings remain unbiased, factual, and trustworthy—so you can confidently choose a reliable broker for your financial safety and trading success.

      For detailed information about our testing methodology click here.

      Min. Spread
      1.3 pips
      Commission
      0
      Cost of Trading (USD)
      Total trading cost at the time of last update, trading 1 lot of of the currency pair using the account with the lowest minimum deposit. Includes spread and commission.
      USD 13
      Ind. Avg. Spread
      1.8 pips
      Ind. Avg. Trading Cost
      USD 20
      Max. Leverage (Forex)
      30:1
      International Regulators
      regulatorregulatorregulatorregulator
      Trading Desk
      ECN/DMA
      Hedging
      Yes
      Scalping
      Yes
      Visit Broker
      Compare now

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