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Established in:


Regulated by:

Financial Conduct Authority an...

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Losses can exceed deposits
CFDs are leveraged products and 73% of retail traders lose money when trading CFDs.Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Brokers For Trading EUR/GBP

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:


Part 1

Why Choose ThinkMarkets
For Brokers For Trading EUR/GBP?

ThinkMarkets scored best in our review of the top brokers for brokers for trading eur/gbp, which takes into account 120+ factors across eight categories. Here are some areas where ThinkMarkets scored highly in:

  • 8+ years in business
  • Offers + instruments
  • A range of platform inc. MT4, Mac, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.10pips
  • Used by 0+ traders
  • Allows hedging
  • 2 languages

ThinkMarkets offers two ways to tradeForex, CFDs. If you wanted to trade EURGBP

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

ThinkMarkets have a B trust score, which is good. This is largely down to them being regulated by Financial Conduct Authority and ASiC, segregating client funds, being segregating client funds, being established for over 8

Trust Score comparison

Trust Score B
Year Established 2010
Regulated by Financial Conduct Authority and ASiC
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We’ve compared these in detail in part three of this guide.

Part 2

Who ThinkMarkets is (& Isn’t)
Suitable For

As mentioned, ThinkMarkets allows you to trade in two ways: Forex, CFDs.

Suitable for:

  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with ThinkMarkets, you’ll need a minimum deposit of $250. ThinkMarkets offers a range of different account types for different traders including a mini account, vip account .

ThinkMarkets is also suitable for traders looking to trade with an ECN broker. ECN trading allows the trader to get access to the actual pricing of instruments as set by the banks and liquidity providers, rather than relying on the broker to set the price. To open an ECN account with ThinkMarkets you will need a minimum deposit of $2,000

Finally, ThinkMarkets isn’t available in the following countries: AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW.

Part 3

A Comparison of ThinkMarkets vs. vs.

Want to see how ThinkMarkets stacks up against and ? We’ve compared their spreads, features, and key information below.

Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.10
GBP/USD Spread 1.2
DAX Spread
FTSE 100 Spread N/A
S&P500 Spread

Comparison of account & trading features

Platform MT4, Mac, Web Trader, Tablet & Mobile apps
Services Forex, CFDs
Base currency options USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, CNH
Funding options Payoneer, Credit cards, Bank transfer, Neteller, BPAY, UnionPay, FasaPay, DebitCard,
Micro account
ECN account

Part 4

What is the GBP/EUR?

The GBP/EUR is the number of Euros needed to buy one British pound, and the rate is currently roughly 1.1954 Euro. The annual volume for the year ended 2016 was $100 billion, up 2 % from 2015. The GBP/EUR traded roughly between 1.14 and 1.20 between March and April. The GBP has traded to the Euro in a 52-week trading range of between 1.0934 – 1.3219.

What are the Fundamental influences of the GBP/EUR?

The GBP/EUR is affected by numerous national and international dynamics. Local interest rates, inflation; economic and political policies, currently dominated by Brexit, GDP, and employment rates are internal issues that are likely to influence pound sterling to the euro going forward.

Internationally, the GBP/EUR is likely to be affected by economic and political events in the EU, and other major trading partners of the UK. Brexit is an on-going focus in the EU, causing high volatility in the pound-euro cross. Political events in the EU vis-à-vis the French, Italian, and German election could play a role in the direction of the GBP/EUR. The interest rates policy of the ECB in the Eurozone and the Fed could determine the direction of the pairing.

3 Factors that could influence the GBP/EUR in 2017

Brexit looms large over the UK and Europe. The move by Britain to exit the EU could possibly see British banks leaving London, resulting in capital outflows and impacting the GBP/EUR.

The UK is growing at a modest pace and should inflation rise, the BoE may increase interest rates in line of its CPI benchmark of 2%. Higher interest rates may strengthen the GBP/EUR. The ECB may reduce interest rates to fight rising unemployment and a weak economy, although price stability is its primary mandate.

President Trump’s foreign policy statements and economic policies often create uncertainty and fear. In a climate of rising tensions, the GBP/EUR may benefit, especially if the Eurozone is moribund.

Trading the GBP/EUR with a FOREX/CFD Broker

Trading forex on margin is risky and can lead to losses higher than your initial deposit amount. Should the market turn negative, you may be required to lodge additional funds or your broker may close out your position. London Capital Group offers the EUR/ GBP, which is the inverse of GBP/EUR. Two trading platforms available to investors: LCG Trader and MT4.

Forex accounts at London Capital Group are listed according to margin group and tier level. The EUR/ GBP is listed as major forex pair and is available across all four tier levels. Clients can choose between Classic and ECN accounts. The classic account offers the following:

• Average spread 1.5

• Min trade size 0.01 Lot

• Pip position 0.0001

• Value of 1 pip/lot GBP 10

• Guaranteed stop charge: 3

• Max leverage 1:500 ( Tier1)

• Max MT4 lot: 30


The GBP/EUR pair is one of the most popular non-dollar crosses to trade worldwide, accounting for 2% of global forex volumes. Interest rates and GDP figures in the UK and EU could cause further volatility. The political uncertainty and poor growth prospects in France and other EU nations, presents unique trading opportunities for forex traders.

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