btc-e does 0.2%.
Looks like bitcoin-24 is the only place where min-trading is doable. EUR volume is usable. Transfer btc in, trade the shit out of it, transfer btc out, no need to deposit/withdraw fiat, completely free, sounds good in theory.
Oh, nice! BTC-e was the exchange I was thinking of using but I had misread it as 2% rather than 0.2%. Big difference! Also BTC-e allows you to trade LTC, which I might be interested in. Got 1 LTC just for fun.
I never saw Bitcoin-24 before but am checking it out now. You're right about the volume. USD looks quiet but EUR has some decent movement. Definitely worth trying out for the zero transaction fees!