Forex Brokers in Greece
Forex brokers in Greece are overseen by both the EU regulator, which is the European Securities and Markets Authority (ESMA) and the Hellenic Capital Market Commission (HCMC). Therefore, forex brokers in Greece have the same restrictions as brokers in other EU countries regarding the trading leverage and negative balance protection scheme.
Besides overseeing and licensing forex brokers in Greece, HCMC is also responsible for overseeing the broader financial markets in Greece, as well as companies listed on the Athens Stock Exchange. Since there is no requirement for a forex broker to be regulated in Greece, many forex brokers from other European countries also offer their services to Greek forex traders.
| Broker | Regulation | Max Leverage | Min Deposit | General Rating | |
|---|---|---|---|---|---|
| Saxo Bank Greece 1992 | ASIC 109605610 Banque de France, 483632501 CySEC, 163/12 FCA (UK), FC026688 FSA (Denmark), 1149 SFC (Hong Kong), 1395901 ESMA | 1:200 | $10000 | Review | |
| GKFX Greece 2009 | ASIC, 424122 BaFin 130602 CONSOB (Italy), 2915 Czech National Bank, 256/2004 DMCC (Dubai), 32142 FCA (UK), 501320 Finansinspektionen (Sweden), 556873-1326 FINRA, 16.06.2021 SFC (Hong Kong), AZJ874 ESMA | 1:30 | $200 | Review | |
| XM Greece 2009 | ASIC, 443670 BaFin, 124161 CNMV (Spain) 2010157773 CONSOB (Italy), 3046 CySEC, 120/10 FCA (UK), 538324 FSP (New Zealand), FSP235905 ESMA | 1:888 | $5 | Review | |
| AAAFx Greece 2010 | FSP (New Zealand) FSP207987 | 1:30 | $300 | Review | |
| XTB Greece 2002 | CNMV (Spain), 40 Czech National Bank 56720 DFSA (Dubai), 4365 FCA (UK), 522157 FSA (Poland), 0000217580 IFSC (Belize), IFSC/60/413/TS/19 ESMA | 1:30 | $1 | Review | |
| Ubrokers Greece 2020 | HCMC (Greece) license number 2/11/24.5.1994 ESMA | 1:30 | $250 | Review |
If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.
FAQ
What is the best forex broker in Greece?
Finding the best forex broker in Greece is not much different from choosing the right broker in general. Aside from making sure that the forex broker is available for client registration from Greece, you need to check its regulation, minimum deposit, spread, leverage, payment methods, and other trading-related aspects that may affect your strategy. Furthermore, make sure that the broker has a good credibility and reliable customer support.
Where can I trade forex in Greece?
The list in this page can be a good reference if you look to trade with in Greece. We have sorted specific forex brokers that accept clients from Greece, so you can choose one of the brokers by comparing their minimum deposit, regulation, leverage, and rating. If you are interested to learn further about a certain broker, feel free to click the review button.
What is the best forex broker for beginners?
If you are a beginner and looking for the right broker to trade with in Greece, some aspects that you need to pay attention to are the low minimum deposit, demo account , and educational features. Apart from that, it's also better to make sure that the broker has good customer service because as a beginner, you may need to consult about broker services that still seem incomprehensible to you.
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