Forex trading in Greece is legal and relatively safe. Since Greece is part of the European Union (EU), however, online brokers often restrict your access to high leverage ratios to the lower 30 to 1 ratio specified in the Markets in Financial Instruments Directive (MiFID) and its recent revision known as the MiFIR.
If you’re an investor looking for the best forex broker that provides services in Greece, then make sure to choose one that operates under strict local regulatory oversight. Also, since forex brokers can differ substantially in the products and services they offer, make sure to consider your trading needs carefully before opening an account with them.
Best Forex Brokers in Greece
Here are our top picks for regulated and trusted brokers if you are trading from Greece.
Best for CFD Traders: Vantage Markets
- Best For:Dedicated CFD TradersVIEW PROS & CONS:securely through Vantage Markets's website
Overview: Vantage Markets is a well-regulated forex broker offering traders competitive spreads, fast execution, and a choice of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It provides a range of account types, including a RAW ECN option with low commissions, making it suitable for both beginners and experienced traders. However, its research tools are somewhat limited compared to other brokers.
Why We Picked It: Vantage Markets stands out for its deep liquidity, zero-deposit fees, and high-leverage options, making it cost-effective and offering flexible trading conditions. Its support for social and copy trading, along with integration with third-party tools like Myfxbook and ZuluTrade, makes it a strong choice for traders who want to automate or diversify their strategies.
Best for Tight Spreads: Pepperstone
- Best For:$0 Commissions and Low FeesVIEW PROS & CONS:securely through Pepperstone's website
Overview: Pepperstone is a top-tier forex broker offering traders tight spreads, fast execution speeds, and a strong selection of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader and TradingView integration. With its low-cost structure and access to deep liquidity, it is a preferred choice for scalpers and algorithmic traders.
Why We Picked It: Pepperstone stands out for its institutional-grade trading conditions, making it ideal for anyone looking for low spreads and fast trade execution. It is regulated by multiple top-tier authorities, ensuring a secure trading environment. The broker’s support for advanced trading tools, automated strategies, and VPS hosting makes it an excellent option for both retail and professional traders.
Best for Low Fees: Axi
Overview: Axi is a reliable forex broker that caters to traders with its no-dealing desk (NDD) execution, competitive spreads, and strong MetaTrader 4 (MT4) support. It offers a solid trading environment with access to forex, CFDs, and commodities. However, its product range is somewhat limited compared to larger brokers, and customer support can be slow at times.
Why We Picked It: Axi stands out for its focus on providing a seamless MT4 trading experience, making it ideal for traders who prefer this platform. With tight spreads, no deposit or withdrawal fees, and a strong regulatory framework, it offers a secure and cost-effective trading environment. Additionally, its emphasis on algorithmic and copy trading tools makes it a great choice for traders looking to automate their strategies.
Best for No Commissions: Capital.com
- Best For:Market-Leading SpreadsVIEW PROS & CONS:CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.51% of retail investors lose money.
Overview: Capital.com is a user-friendly forex broker that appeals to traders with its commission-free trading, intuitive platform, and AI-powered insights. It offers a good selection of currency pairs, competitive spreads, and strong regulatory oversight. However, it lacks support for MetaTrader and has limited advanced trading tools compared to some competitors.
Why We Picked It: Capital.com is a great choice due to its low-cost structure, easy-to-use proprietary platform, and strong educational resources. The broker is regulated by multiple authorities, ensuring security and transparency. Its AI-driven analytics help traders make informed decisions, making it an excellent option for both beginners and experienced traders looking for a modern trading experience.
Best for Advanced Traders: Saxo
Overview: Saxo is a well-established forex broker offering a premium trading experience for traders in Greece. With a strong regulatory framework, advanced trading platforms, and a wide range of currency pairs, it caters to both retail and professional traders. However, its high minimum deposit and tiered pricing structure may not be ideal for beginners.
Why We Picked It: Saxo stands out for its powerful SaxoTraderGO and SaxoTraderPRO platforms, providing advanced charting tools, deep liquidity, and competitive spreads. It is regulated by top-tier authorities, ensuring a secure trading environment. Traders benefit from access to a vast range of forex pairs, excellent research resources, and a seamless mobile trading experience.
Next Steps
If you live in Greece, most international brokers will accept you as a client because you reside within the EU, although your ability to trade with substantial leverage may be hampered as a result. You will, however, enjoy relative currency stability because you live in a country that is a member of the Eurozone.
All online forex brokers offer services and websites in English, although some will also provide you with customer support and website text in Greek. When selecting a forex broker to trade via from Greece, it is paramount to choose a reputable and well-regulated broker that keeps its own funds distinct from its clients’ money.
Frequently Asked Questions
Is forex Legal in Greece?
Forex trading is in fact legal in Greece. The primary regulator for forex in Greece is the Hellenic Capital Market Commission (HCMC). Greece is a part of the European Union, making forex trading relatively safe.
Is trading forex in Greece safe?
Yes, trading forex in Greece is safe as long as you use a broker that is regulated by the proper authorities.
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