6 Best Forex Brokers in Greece
The 6 best Forex brokers in Greece, Europe revealed. We have explored and tested several prominent brokers to identify the 6 best Forex Brokers in Greece. A list of 6 trustworthy brokers who accept Greek traders and who allow these traders to invest in their currency, the Greek Euro(EUR) are discussed in this post.
In this in-depth guide you’ll learn:
- What is a Forex broker ?
- Who is the Best equipped Broker for Beginner Greek Traders?
- Pros and cons of each Forex broker on our list.
- Popular FAQs about the 6 best Forex brokers in Greece.
- Is Forex trading legal and regulated?
- You can find Forex Brokers on social media and Reddit.
And lots more…
So, if you’re ready to go “all in” with 6 best Forex brokers in Greece…
Let’s dive right in…
6 Best Forex Brokers in Greece (2024*)
- ☑️Ava Trade – Overall Best Forex Broker in Greece.
- ☑️eToro – Instant execution of orders.
- ☑️Plus500 – traders of all skill levels welcome.
- ☑️FP Markets – Low-cost structure enhances profitability.
- ☑️Interactive Brokers – Gives Diverse global opportunities.
- ☑️Pepperstone – competitive spreads ensure effective trading.
🏆 10 Best Forex Brokers
Broker | Review | Regulators | Min Deposit | Website | |
---|---|---|---|---|---|
🥇 | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker | |
🥈 | Read Review | FSCA, IFSC, ASIC, CySEC, DFSA, FCA | USD 5 | Visit Broker | |
🥉 | Read Review | FCA, FSCA, FSC, CMA | USD 200 | Visit Broker | |
4 | Read Review | ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB | USD 200 | Visit Broker | |
5 | Read Review | FSC, FSA, VFSC | USD 10 | Visit Broker | |
6 | Read Review | CySEC, MISA, FSCA | USD 25 | Visit Broker | |
7 | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker | |
8 | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker | |
9 | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker | |
10 | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker |
What is a Forex broker in Greece?
A Forex broker in Greece facilitates currency trading, acting as an intermediary between traders and the foreign exchange market. These brokers offer platforms for buying and selling currencies, providing access to real-time market data, analysis tools, and leverage. They play a crucial role in executing trades efficiently and securely for Greek traders. The trading environment in Greece is both secure and compliant with international standards and Forex trading are legal in Greece.
6 Best Forex Brokers in Greece
🔎Broker Name | 👉 Open Account | 💰 Minimum Deposit | ⚖️ Regulators | ✔️ Accepts New Greece Traders |
AvaTrade | 👉 Open Account | EUR92.55 or $100 | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC | ✔️ |
eToro | 👉 Open Account | EUR 46.25 or $50 | CySEC, FCA | ✔️ |
Plus500 | 👉 Open Account | EUR92.55 or $100 | CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA | ✔️ |
FP Markets | 👉 Open Account | EUR92.55 or $100 | ASIC, CySEC, FSCA, FSA, FSC | ✔️ |
Pepperstone | 👉 Open Account | Equivalent to AU$200 | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB | ✔️ |
AvaTrade
Overview
AvaTrade stands out as an excellent choice for traders in Greece due to its comprehensive educational resources, diverse asset selection, reliable customer support, and strong regulatory framework.
Their educational materials cater to traders of all levels, offering webinars, tutorials, and market analysis tools in Greek, empowering traders to make informed decisions.
The platform provides access to a wide range of assets, including forex pairs, stocks, commodities, and cryptocurrencies, allowing Greek traders to diversify their portfolios according to their preferences and risk tolerance.
AvaTrade’s customer support is responsive and multilingual, ensuring Greek traders receive assistance promptly and efficiently whenever needed.
Crucially, AvaTrade is regulated by reputable authorities such as CySEC and the Central Bank of Ireland, instilling trust and confidence among Greek traders by adhering to strict financial standards and ensuring the safety of client funds.
Overall, AvaTrade’s commitment to education, asset variety, customer service, and regulation makes it a compelling option for traders in Greece.
Unique Features
AvaTrade Features | Information |
🏛️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
🏛️ HCMC regulation? | ✔️ Yes |
📲 Social Media Platforms | Facebook You Tube |
💻 Trading Accounts | Standard Account Razor Account Professional Account Demo Account Islamic Account |
📊 Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView Myfxbook Duplitrade |
💰 Minimum Deposit | Equivalent to AU$200 |
📉 Trading Assets | Forex Indices Shares Commodities Cryptocurrencies Futures Options |
EUR-based Account? | ✔️ Yes |
EUR Deposits Allowed? | ✔️ Yes |
➕ Bonuses for traders? | ❌ No |
📈 Minimum spread | From 0.0 pips |
💻 Demo Account | ✔️ Yes |
☪️ Islamic Account | ✔️ Yes |
👉 Open Account | 👉 Open Account |
Pros and Cons
✔️ Pros | ❌ Cons |
AvaTrade provides free deposit and withdrawal alternatives, as well as useful research tools | The product selection is limited, with a concentration on CFDs, Forex, and cryptocurrency |
They offer a wide choice of trading platforms to suit a variety of trading preferences | Higher inactivity costs than other brokers |
SharpTrader offers high-quality educational resources | The forex fees are minimal, but the CFD trading fees are high |
Multiple authorities regulate it effectively, ensuring a secure trading environment | AvaTrade’s trading costs may not be the most budget-friendly for all traders |
AvaTrade provides free deposit and withdrawal alternatives, as well as useful research tools | The inactivity cost is charged periodically and is expensive |
Trust Score
AvaTrade has a high trust score of 96%.
eToro
Overview
eToro stands out as an appealing option for traders in Greece due to its unique platform features, diverse asset selection, and competitive spreads.
The platform’s innovative social trading functionality allows users to interact, follow, and even replicate the strategies of successful traders, fostering a collaborative and informative trading environment.
With a broad range of assets including stocks, cryptocurrencies, forex, commodities, and indices, eToro provides Greek traders with ample opportunities to diversify their portfolios according to their preferences and risk appetite.
Moreover, eToro offers competitive spreads, minimizing trading costs for Greek traders, which is particularly advantageous for those engaging in frequent trading activities.
The combination of a user-friendly platform, extensive asset selection, and competitive pricing makes eToro an attractive choice for traders in Greece, empowering them to effectively navigate the financial markets and pursue their investment goals with confidence.
Unique Features
eToro Features | Information |
🏛️ Regulation | CySEC, FCA |
👉 Open Account | 👉 Open Account |
🏛️ HCMC regulation? | ✔️ Yes |
📲 Social Media Platforms | Facebook You Tube Telegram |
💻 Trading Accounts | Personal Account Professional Account Corporate Account Islamic Account |
📊 Trading Platforms | eToro proprietary platform |
💰 Minimum Deposit | EUR 46.25 or $50 |
📉 Trading Assets | Stocks. Indices. ETFs. Currencies. Commodities. Cryptoassets. |
EUR-based Account? | ✔️ Yes |
EUR Deposits Allowed? | ✔️ Yes |
➕ Bonuses for traders? | ✔️ Yes |
📈 Minimum spread | From 0.9 pips |
💻 Demo Account | ✔️ Yes |
☪️ Islamic Account | ✔️ Yes |
Pros and Cons
✔️Pros | ❌ Cons |
eToro's innovative social trading platform enables users to interact with and replicate the trades of successful investors, encouraging learning and perhaps improving trading performance. | eToro's research capabilities are considerably limited in comparison to other platforms, which may impede in-depth study for traders in Chile. |
eToro provides a diverse choice of assets, including equities, cryptocurrencies, commodities, and FX pairings. | While eToro offers competitive spreads, they may be slightly higher than those offered by other brokers, affecting traders' trading costs. |
eToro's straightforward interface is simple to use, making it accessible to traders of all skill levels, including beginners in Chile. | The charting tools on eToro's platform are less extensive than those provided by other brokers, restricting traders' technical analysis capabilities. |
eToro provides CopyPortfolios, which are diversified investment portfolios managed by specialists and enable traders to invest in several assets with a single click. | eToro charges withdrawal fees and requires minimum withdrawal amounts, which may be a disadvantage for traders in Chile. |
Trust Score
eToro has a trust score of 90%.
Plus500
Overview
Plus500 emerges as a favorable choice for traders in Greece due to several distinct features.
Firstly, its user-friendly platform offers an intuitive trading experience, catering to traders of all skill levels, including beginners.
Secondly, Plus500 provides a wide range of forex pairs, allowing Greek traders to access diverse opportunities in the currency markets.
Additionally, the platform’s competitive spreads contribute to cost-effective trading, minimizing expenses for Greek traders.
Plus500’s robust risk management tools, including guaranteed stop-loss orders, further enhance traders’ control over their positions, ensuring protection against adverse market movements.
Moreover, the availability of a demo account allows Greek traders to practice and refine their strategies before committing real funds.
Overall, Plus500’s combination of user-friendly interface, diverse forex offerings, competitive spreads, risk management tools, and demo account availability positions it as a compelling option for traders seeking a reliable and accessible forex broker in Greece.
Unique Features
Plus500 Features | Information |
🏛️ Regulation | CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA |
👉 Open Account | 👉 Open Account |
🏛️ HCMC regulation? | ❌No |
📲 Social Media Platforms | Facebook You Tube Telegram |
💻 Trading Accounts | Retail trading account |
📊 Trading Platforms | WebTrader |
💰 Minimum Deposit | EUR92.55 or $100 |
📉 Trading Assets | Forex, Precious Metals, Energies, Indices, Shares, Commodities, Cryptocurrencies, Bonds, Stocks DMA, ETFs |
EUR-based Account? | ✔️ Yes |
EUR Deposits Allowed? | ✔️ Yes |
➕ Bonuses for traders? | ✔️ Yes |
📈 Minimum spread | From 0.0 pips |
💻 Demo Account | ✔️ Yes |
☪️ Islamic Account | ✔️ Yes |
Pros and Cons
✔️ Pros | ❌ Cons |
Intuitive and user-friendly trading platform. | Limited research and analysis tools compared to some competitors. |
Wide range of tradable assets including Forex, stocks, commodities, cryptocurrencies, and indices. | Inactivity fees may apply to dormant accounts. |
No commission on trades, with fees incorporated into spreads. | Withdrawal processing times can be slow. |
Access to a free and unlimited demo account. | Limited customization options for trading interface. |
Competitive spreads on major assets. | Availability of certain assets may be restricted in specific regions. |
Trust Score
Plus500 has a trust score of 85%.
FP Markets
Overview
FP Markets stands out as an excellent forex broker for traders in Greece due to several key features. Firstly, its comprehensive range of trading platforms, including MetaTrader 4 and MetaTrader 5, provides Greek traders with versatile and powerful tools to execute their trading strategies effectively.
Secondly, FP Markets offers a wide selection of currency pairs, commodities, indices, and cryptocurrencies, enabling Greek traders to diversify their portfolios according to their preferences and risk tolerance.
Additionally, the broker’s competitive spreads and low commissions contribute to cost-effective trading, minimizing expenses for Greek traders. Moreover, FP Markets prioritizes client security by being regulated by reputable authorities such as ASIC and CySEC, instilling trust and confidence among Greek traders regarding the safety of their funds.
Overall, FP Markets’ combination of robust trading platforms, diverse asset offerings, competitive pricing, and regulatory compliance make it a compelling choice for forex traders in Greece.
Unique Features
FP Markets Features | Information |
🏛️ Regulation | ASIC, CySEC, FSCA, FSA, FSC |
👉 Open Account | 👉 Open Account |
🏛️ HCMC regulation? | ❌No |
📲 Social Media Platforms | Facebook You Tube |
💻 Trading Accounts | MT4/5 Standard Account, an MT4/5 Raw Account, an MT4/5 Islamic Standard Account, and an MT 4/5 Islamic Raw Account |
📊 Trading Platforms | MetaTrader 4 MetaTrader 5 IRESS cTrader FP Markets App |
💰 Minimum Deposit | EUR92.55 or $100 |
📉 Trading Assets | Forex Shares Metals Commodities Indices Cryptocurrencies Bonds ETFs |
EUR-based Account? | ✔️ Yes |
EUR Deposits Allowed? | ✔️ Yes |
➕ Bonuses for traders? | ❌No |
📈 Minimum spread | From 0.0 pips |
💻 Demo Account | ✔️ Yes |
☪️ Islamic Account | ✔️ Yes |
Pros and Cons
✔️ Pros | ❌ Cons |
The cutting-edge technology architecture of FP Markets is advantageous to traders. | Owing to FP Markets' global orientation, support for certain local payment methods could be limited. |
Traders can take advantage of comprehensive customer support provided by a skilled and committed crew. | Although FP Markets offers a wide range of products, certain traders may be interested in local or specialist markets that they do not offer. |
Traders have the option of trading with a broker who is subject to regulation by a variety of international regulatory bodies, including the FSA, FSC, ASIC, FSCA, and CySEC. | Withdrawal fees are assessed by FP Markets for a number of payment options. |
For traders who wish to advance their trading expertise, FP Markets provides a whole educational package. | |
In order to accommodate traders' diverse demands and trading preferences, FP Markets offers a range of account kinds. | |
Traders can use platforms like MetaTrader 4, cTrader, IRESS, and MetaTrader 5 to get access to sophisticated charting and analytical tools. | |
Traders can diversify their trading methods across asset classes by having access to a large range of global markets through FP Markets. | |
FP Markets keeps its minimum commission arrangements and competitive spreads in place. |
Trust Score
FP Markets has a high trust score of 87%.
Interactive Brokers
Overview
Interactive Brokers presents Greek traders with a comprehensive trading solution, boasting a proprietary platform renowned for its advanced features and customization options.
With an extensive asset selection spanning stock, options, futures, forex, and more, Greek traders can access a wide range of investment opportunities to diversify their portfolios.
Moreover, Interactive Brokers offers various investment options, including individual accounts, retirement accounts, and managed portfolios, catering to different investor preferences and goals.
The platform also provides robust analytical tools, empowering traders with in-depth market insights and technical analysis capabilities to make informed decisions.
Additionally, Interactive Brokers’ flexible account selection allows Greek traders to choose accounts tailored to their trading styles and risk tolerance, ensuring a personalized and efficient trading experience.
Overall, Interactive Brokers’ combination of a proprietary platform, diverse asset selection, investment options, analytical tools, and account flexibility makes it a compelling choice for traders in Greece.
Unique Features
Interactive Brokers Markets Features | Information |
🏛️ Regulation | SEC, CFTC, FCA, IIROC |
👉 Open Account | 👉 Open Account |
🏛️ HCMC regulation? | ❌No |
📲 Social Media Platforms | Facebook You Tube |
💻 Trading Accounts | Individual, Joint, Trust, IRA. Non-Professional Advisor. Family Office. Advisor. • Advisor Client (including Non-Professional Advisor and Family Office) Broker Client. EmployeeTrack. |
📊 Trading Platforms | IBKR |
💰 Minimum Deposit | There is no specific minimum deposit required |
📉 Trading Assets | Global stocks, options, futures, currencies, cryptocurrencies |
EUR-based Account? | ✔️ Yes |
EUR Deposits Allowed? | ✔️ Yes |
➕ Bonuses for traders? | ✔️ Yes |
📈 Minimum spread | From 0.0 pips |
💻 Demo Account | ✔️ Yes |
☪️ Islamic Account | ❌No |
Pros and Cons
✔️ Pros | ❌ Cons |
Interactive Brokers gives traders access to a variety of global markets, including stocks, bonds, futures, currencies, and options, allowing them to diversify their portfolios across multiple asset classes. | Trading platforms and tools can be challenging for new traders to comprehend and use effectively. |
Interactive Brokers' trading platforms, including Trader Workstation (TWS) and IBKR Mobile, offer traders extensive tools for analysis and execution. | Despite their low costs, Interactive Brokers' fee structures can be confusing for some traders due to the different charges assessed for various services and account types. |
Interactive Brokers offers simple pricing structures and fair commission rates to active traders, particularly those with large volume, which may result in lower overall trading costs. | Certain account types at Interactive Brokers have minimum balance restrictions that are greater than those at other brokers, making it more difficult for traders with lesser account balances to access the platform. |
Interactive Brokers provides traders with a wealth of research and analytical materials, such as market commentary, technical analysis, fundamental data, and research papers, to help them make informed investing decisions. | Although Interactive Brokers provides customer care by phone, email, and live chat, some traders may find the service less personalized or attentive than that of smaller brokers. |
Portfolio margining, risk-based margining, and real-time margin computations are among the risk management capabilities offered by Interactive Brokers to assist traders in better managing and mitigating risk. | In comparison to other brokers, Interactive Brokers may offer less tutorials and educational resources, prompting newbie traders to seek additional assistance and educational materials |
Trust Score
Interactive Brokers has a trust score of 95%.
Pepperstone
Overview
Pepperstone’s competitive spreads ensure cost-effective trading, minimizing expenses for Greek traders.
Pepperstone offers a diverse asset selection, including forex pairs, commodities, cryptocurrencies, and indices, providing ample opportunities for portfolio diversification.
The broker’s stringent regulation by reputable authorities like ASIC and FCA instils confidence and trust among Greek traders regarding the security of their funds and the integrity of the trading environment.
Pepperstone prioritizes trader education, offering a variety of resources such as webinars, tutorials, and market analysis, empowering Greek traders to enhance their skills and knowledge effectively.
Overall, Pepperstone’s combination of competitive spreads, diverse asset selection, strong regulation, and comprehensive education make it a compelling choice for traders in Greece seeking a reliable and trustworthy broker.
Unique Features
Pepperstone Features | Information |
🏛️ Regulation | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB |
👉 Open Account | 👉 Open Account |
🏛️ HCMC regulation? | ✔️ Yes |
📲 Social Media Platforms | Facebook You Tube |
💻 Trading Accounts | Standard Account Razor Account Professional Account Demo Account Islamic Account |
📊 Trading Platforms | MetaTrader 4 MetaTrader 5 cTrader TradingView Myfxbook Duplitrade |
💰 Minimum Deposit | Equivalent to AU$200 |
📉 Trading Assets | Forex Indices Shares Commodities Cryptocurrencies Futures Options |
EUR-based Account? | ✔️ Yes |
EUR Deposits Allowed? | ✔️ Yes |
➕ Bonuses for traders? | ❌No |
📈 Minimum spread | From 0.0 pips |
💻 Demo Account | ✔️ Yes |
☪️ Islamic Account | ✔️ Yes |
Pros and Cons
✔️ Pros | ❌ Cons |
provides an execution model with no dealing desk | Peppertone only offers trading through two retail accounts. |
offers trading on the globally known and preferred MetaTrader 4 and 5, together with cTrader. | Negative balance protection is only available for UK/EU clients. |
is multi-regulated and complies with all regulations, policies, and procedures to ensure client fund safety in various jurisdictions | While commission-free, the retail account has wide spreads. |
Traders looking to diversify their portfolios can profit from Pepperstone's provision of CFDs on indices, commodities, cryptocurrencies, and shares. | The large selection of platforms might overwhelm beginner traders. |
offers fairly cheap spreads on various financial assets, including currency pairs, indices, commodities, and equities. | Pepperstone does not offer a proprietary trading platform. |
Customer service has a dedicated support team that is available 24/7 | The range of educational materials and trading tools offered by Pepperstone is not as extensive as that of other brokers. |
Trust Score
Pepperstone has a high trust score of 92%.
Conclusion
Our Final Thoughts on the 6 Best Forex Brokers in Greece. Overall, selecting the right forex broker is crucial for traders in Greece. With options like AvaTrade, eToro, Plus500, and FP Markets offering diverse features, competitive pricing, and regulatory compliance, Greek traders can find a suitable partner to navigate the dynamic forex market with confidence and success. You can find us on twitter as well. In Europe, Germany also have unique Forex Brokers.
Frequently Asked Questions
Can Greek traders participate in Forex trading using mobile apps provided by international brokers?
Yes, many international Forex brokers offer mobile trading apps that Greek traders can use to access the markets and manage their trades conveniently from their smartphones or tablets.
Are there any differences in trading hours when trading Forex internationally from Greece?
Yes, trading hours may vary depending on the Forex market and the time zone. Greek traders should be aware of the opening and closing times of different markets to optimize their trading activity.
What risk management tools are available for Greek traders?
Risk management tools include stop-loss orders, take-profit orders, trailing stops, and position sizing techniques. These tools help Greek traders control risk and protect their capital in volatile markets.
Can Greek traders use automated trading systems or Expert Advisors (EAs)?
Yes, many international Forex brokers support automated trading systems and EAs. Greek traders can use these tools to automate their trading strategies and execute trades based on predefined criteria.
How can Greek traders resolve disputes or issues with international Forex brokers?
Greek traders can resolve disputes or issues by contacting the broker’s customer support department first. If the issue is not resolved satisfactorily, they can escalate it to the broker’s regulatory authority or seek legal advice if necessary.
Broker | Website | |
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🥇 | Visit Broker | |
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7 | Visit Broker |