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Best Forex Brokers Greece 2022

Marcus Taylor

Written by Marcus Taylor

September 08, 2022

Greece, in the wake of the 2008 global financial crisis, has been recovering from one of the most difficult financial periods in its post-war history. In 2009, Greece’s sovereign debts escalated resulting in bailouts from the European Central Bank (ECB) and the International Monetary Fund (IMF).

After a period of recession, Greece’s economy is now rebounding with the country’s economy returning to growth in 2018, with the European Union Commission projecting real GDP growth of 2.3 percent in 2019.

The stock market in Greece is known as the Athens Exchange (ATHEX) located in Athens. The exchange dates back to 1876 and is now managed by a listed company called Hellenic Exchanges – Athens Stock Exchange S.A. The exchange merged with the Athens Derivatives Exchange in 2002. In addition to listing Greek stocks, indices, and stock derivatives like futures and options, ATHEX also provides a listing service for bonds and exchange-traded funds (ETFs).

The broad market stock index for the ATHEX is the FTSE/Athex Market Index (FTSEA) which includes all shares traded on the ATHEX. Other popular indices are the Composite Index (GD), the FTSE/Athex Large Cap index consisting of 20 large-cap Greek stocks, and the FTSE/Athex Mid Cap Index (FTSEM) made up of mid-cap stocks.

Moreover, Greece as part of the EU has adopted the European Union’s euro (EUR), managed by the European Central Bank (ECB). The Euro replaced the Greek drachma and consists of 100 lesser units known as cents.

According to the Bank for International Settlements (BIS), the euro ranked second among the most actively traded currencies in 2016 resulting in around 31.4% of the overall forex market turnover. The International Monetary Fund (IMF) also ranked the Euro second among the reserve currencies held by central banks, comprising roughly 19% of total central bank reserves in 2018’s third quarter.

Furthermore, the Bank of Greece is the county’s central bank tasked with the responsibility of implementing the Eurosystem's monetary policy in Greece. It also takes a key role in protecting the Greek financial system’s stability. The Bank of Greece issues euro banknotes, on prior approval by the ECB, and is responsible for the handling and circulation of euro bills and coins in Greece.

The primary Greek financial sector regulator is the Hellenic Capital Market Commission (HCMC). This regulator aims to protect and ensure the orderly and efficient functioning of Greek capital markets which are crucial for the growth of Greece’s economy. Any financial institution, intermediary, or forex broker should be authorized by the HCMC before operating in Greece.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • IG
    - 9.9/10 Overall
  • FOREX.com
    - 9.3/10 Overall
  • XTB - 9/10 Overall
  • eToro - 8.8/10 Overall
  • AvaTrade - 8.6/10 Overall
  • Plus500 - 8.5/10 Overall
  • XM Group - 8.4/10 Overall
  • Pepperstone - 8.4/10 Overall
  • Admiral Markets - 8.3/10 Overall
  • IC Markets - 8.2/10 Overall
  • Markets.com - 8.2/10 Overall
  • Tickmill - 7.9/10 Overall
  • BlackBull Markets - 7.9/10 Overall
  • HFM - 7.7/10 Overall
  • HYCM (Henyep) - 7.7/10 Overall
Overall Rating
9.9 / 10
Minimum Initial Deposit
£250.00
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.86 (September 2022)
All-in Cost EUR/USD - Active0.5957 (September 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1974
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses7
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)19537
Forex Pairs (Total)100
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)33
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
9.3 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.0 (July 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1999
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses4
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)5500
Forex Pairs (Total)91
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)203
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
9 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.07 (Q3 2022)
All-in Cost EUR/USD - Active1.04 (Q3 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2002
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses1
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)12000
Forex Pairs (Total)49
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)39
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.8 / 10
Minimum Initial Deposit
$10-$10,000
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1 (August 2021)
All-in Cost EUR/USD - ActiveN/A
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2007
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)3458
Forex Pairs (Total)49
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)66
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
Economic CalendarYes


Overall Rating
8.6 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.91 (Aug 2020)
All-in Cost EUR/USD - Active0.61 (Aug 2020)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2006
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses4
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1260
Forex Pairs (Total)55
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)90
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.5 / 10
Minimum Initial Deposit
€100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.6 (as of Aug 2018)
All-in Cost EUR/USD - ActiveN/A
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2008
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses4
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)2800
Forex Pairs (Total)71
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)110
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)No
Economic CalendarYes


Overall Rating
8.4 / 10
Minimum Initial Deposit
$5
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.6 (Aug 2020)
All-in Cost EUR/USD - Active0.8 (Aug 2021)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2009
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1372
Forex Pairs (Total)57
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.4 / 10
Minimum Initial Deposit
$200
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.77 (September 2022)
All-in Cost EUR/USD - Active0.87 (September 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2010
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1200
Forex Pairs (Total)62
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)15
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.3 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.8 (July 2021)
All-in Cost EUR/USD - Active0.7 (July 2021)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2001
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)8425
Forex Pairs (Total)50
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


How to Trade in Greece

When seeking online brokers in Greece to trade currencies or derivative trading such as contracts for difference (CFDs), most brokers will accept Greek-based clients, including foreign brokers. Nevertheless, an EU-registered broker may be particularly appealing when selecting a broker. EU registered brokers not only will need to maintain a positive reputation with local regulators, but any conflict that may arise should be able to be resolved locally. Not to mention, a number of reputable online forex brokers are based in the EU, especially in Cyprus. Alternatively, traders based in Greece can generally deposit funds in online trading accounts with any non-EU broker that will onboard them as a client.

Moreover, it is important to verify that any non-EU broker is subject to strict governing regulations in their jurisdiction. Brokers should keep their client funds segregated from their own assets, assuring the safety of margin deposits. Good foreign brokers should also have a good overall reputation with their clients, and they should potentially offer a satisfactory set of trading-related services and asset classes.

Additionally, many online brokers provide demo accounts with virtual money so traders can practice and test strategies. Likewise, brokers also generally provide live trading accounts that need to be funded with a given minimum initial deposit to allow margin trading to begin. Other brokers may also offer Sharia law compliant Islamic accounts to traders, which lack swaps on rollovers.

When stock trading is involved, ATHEX aims to foster trading in a fair and transparent market throughout the range of asset classes, in addition to Greek stocks. ATHEX trades will generally be executed in euros, although U.S. dollar transactions are also available. Electronic trading in securities and derivatives listed on the ATHEX has been available via its Automated Integrated Trading System (OASIS) since 1999. OASIS has two sub-systems called the Equity Trading System (ETS) and the Derivatives Trading System (DTS), which cater to different types of products involved. OASIS is available in both Greek and English.

Biggest Opportunities of Trading in Greece

While Greece’s economy has gone through an extended period of turbulence and upheaval, the country’s economic growth has continued to progress over the last few years. According to Export.gov, Greece provides additional opportunities for business and investment in the following sectors of the economy:

  • Information and communications technology.
  • Defense and aerospace.
  • Marine technology.
  • Renewable energy.
  • Food products such as: nuts: almonds, walnuts, pistachios; fruit: dried plums and cranberries; seafood: shrimp, lobster, crab, mollusks, and squid; whiskey and other distilled spirits.
  • Raw materials such as hardwood and veneers.
  • Moreover, the World Bank ranked Greece in 31st place in trading across borders.

Moreover, the World Bank ranked Greece at 31st place in trading across borders.

Biggest Challenges of Trading in Greece

According to the World Bank Group, the EU nations of Italy, Germany, Cyprus and Bulgaria remain Greece’s top trading partners as of 2017. As an EU member since 2007, Greece’s economy and relationship with the UK might be adversely affected by the UK’s upcoming exit from the European Union.

As a consistent net importerwith a negative balance of trade numbers since 2001, Greece’s economy could potentially be negatively affected by trade tariffs, trade wars, and any failure to adhere to its key trade agreements. According to the World Bank, Greece’s trade to GDP ratio of 67% as of 2017, increasing the country’s economic vulnerability to trade disruptions.

According to the World Bank, Greece ranked 72nd in the overall ease of doing business, as well as 153rd in registering property and 132nd in enforcing contracts. The business climate was also implied to be challenging for obtaining credit, electricity, and paying taxes, for which the country ranked 99th, 79th, and 65th respectively.

Summary

In general, traders and businesses will find Greece a fairly secure place to operate in when it comes to doing business, in part due to the fact that Greece remains a member of the European Union. Greece also benefits from relative currency stability due to its membership in the Eurozone.

Greece has nevertheless had some financial difficulties in the past during its sovereign debt crisis, which is an element to bear in mind. Moreover, Greek financial institutions and forex brokers operating in Greece are authorized and overseen by the HCMC. They also need to comply with the Markets in Financial Instruments Directive (MiFID) regulations of the EU.

When considering an online broker to trade with from Greece, traders should review the broker’s available asset classes, reputation with clients, regulatory oversight and trading platform. Moreover, brokers should always keep clients’ funds separate from their own money, in order to protect client's assets from creditors in case of insolvency.

BrokerNotes.co 2022 Overall Rankings

To recap, here are our top forex brokers accepting residents of Greece as clients for 2022, sorted by Overall ranking.

Company Accepts GR Residents Overall Rating Minimum Initial Deposit Average Spread EUR/USD - Standard Trust Score Trust Score Tradeable Symbols (Total) Visit Site
IG logoIG check 9.9 £250.00 0.86 (September 2022) 99 Highly Trusted 19537 Visit Site
Saxo Bank logoSaxo Bank check 9.7 €2,000 0.9 (September 2022) 99 Highly Trusted 60000
Interactive Brokers logoInteractive Brokers check 9.7 $0 0.6 (Aug 2022) 99 Highly Trusted 8500
CMC Markets logoCMC Markets check 9.6 $0 0.51 (August 2022) 99 Highly Trusted 12377
TD Ameritrade logoTD Ameritrade check 9.5 $0 1.25 pips (September 2022) 99 Highly Trusted 0
FOREX.com logoFOREX.com check 9.3 $100 1.0 (July 2022) 99 Highly Trusted 5500 Visit Site
City Index logoCity Index check 9.2 £100.00 1.0 (July 2022) 99 Highly Trusted 13500
XTB logoXTB check 9 $0 1.07 (Q3 2022) 95 Highly Trusted 12000
eToro logoeToro check 8.8 $10-$10,000 1 (August 2021) 93 Highly Trusted 3458
Swissquote logoSwissquote check 8.7 $1000 N/A 99 Highly Trusted 466
AvaTrade logoAvaTrade check 8.6 $100 0.91 (Aug 2020) 93 Highly Trusted 1260
FXCM logoFXCM check 8.5 Starts from $50 1.38 (Q2 2022) 96 Highly Trusted 441
Plus500 logoPlus500 check 8.5 €100 0.6 (as of Aug 2018) 98 Highly Trusted 2800
Capital.com logoCapital.com check 8.4 $20 0.6 (July 2021) 77 Average Risk 6000
XM Group logoXM Group check 8.4 $5 1.6 (Aug 2020) 90 Trusted 1372
Pepperstone logoPepperstone check 8.4 $200 0.77 (September 2022) 93 Highly Trusted 1200
OANDA logoOANDA check 8.4 $0 1.26 (5/22-5/27/22) 92 Highly Trusted 124
Admiral Markets logoAdmiral Markets check 8.3 $100 0.8 (July 2021) 87 Trusted 8425
FP Markets logoFP Markets check 8.3 $100 AUD 1.2 (August 2022) 86 Trusted 9956
IC Markets logoIC Markets check 8.2 $200 0.62 (August 2021) 86 Trusted 3583
Markets.com logoMarkets.com check 8.2 $100 1.9 (as of Oct 2019) 98 Highly Trusted 2179
FxPro logoFxPro check 8.1 $100 1.51 (August 2020) 90 Highly Trusted 2249
Fineco Bank logoFineco Bank check 7.9 $0 N/A 92 Highly Trusted 126
Tickmill logoTickmill check 7.9 $100 0.51 (August 2022) 82 Trusted 295
BlackBull Markets logoBlackBull Markets check 7.9 $0 0.827 (August 2022) 74 Average Risk 26000
DooPrime logoDooPrime check 7.8 $100 -1 84 Trusted 10000
BDSwiss logoBDSwiss check 7.8 $100-$5000 (depending on account type) 1.6 (08/10/22) 83 Trusted 1081
TMGM logoTMGM check 7.8 $100 0.96 (July 2021) 79 Average Risk 12000
HFM logoHFM check 7.7 $5 1.2 (August 2021) 85 Trusted 3500
FlowBank logoFlowBank check 7.7 $0.00 N/A 77 Average Risk 408600
HYCM (Henyep) logoHYCM (Henyep) check 7.7 $100 0.6 (Sept 2021) 86 Trusted 245
Vantage logoVantage check 7.7 $50 1.22 (August 2021) 83 Trusted 257
Trading 212 logoTrading 212 check 7.6 EUR 10 N/A 77 Average Risk 1785
Eightcap logoEightcap check 7.6 $100 1.0 (Aug 2022) 87 Trusted 326
Trade Nation logoTrade Nation check 7.5 $0 0.6 83 Trusted 601
Moneta Markets logoMoneta Markets check 7.5 $50 1.27 (September 2022) 71 Average Risk 965
ThinkMarkets logoThinkMarkets check 7.4 $250.00 N/A 86 Trusted 1674
VT Markets logoVT Markets check 7.4 $200 1.2 (September 2021) 71 Average Risk 168
ACY Securities logoACY Securities check 7.4 $50 1.2 (Sept 2021) 75 Average Risk 1600
easyMarkets logoeasyMarkets check 7.3 $100 0.9 (as of Mar 2020) 84 Trusted 199
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) check 7.3 $100 1.4 (Jan 2022) 69 High Risk 12000
IronFX logoIronFX check 7.2 $50 1.2 84 Trusted 340
Exness logoExness check 7.2 $1 0.9 (as of May 19) 74 Average Risk 112
Spreadex logoSpreadex check 7.2 $0 -1 70 Average Risk 2000
Trade360 logoTrade360 check 7.1 $250 N/A 75 Average Risk 1062
AxiTrader logoAxiTrader check 7.1 0 N/A 83 Trusted 175
GKFX logoGKFX check 7.1 $0 N/A 66 High Risk 354
Vestle logoVestle check 7.1 -1 -1 79 Average Risk 750
OctaFX logoOctaFX check 7 $25 0.6 (August 2021) 67 High Risk 80
FXOpen logoFXOpen check 7 $100 N/A 80 Trusted 87
TeleTrade logoTeleTrade check 7 $100 -1 67 High Risk 500
FXPrimus logoFXPrimus check 6.9 $100 N/A 69 High Risk 140
Forex4you logoForex4you check 6.9 $0 -1 62 High Risk 150
LegacyFX logoLegacyFX check 6.9 $500 0 75 Average Risk 425
GBE brokers logoGBE brokers check 6.8 $500 -1 69 High Risk 500
Alpari logoAlpari check 6.8 $20 N/A 67 High Risk 105
TopFX logoTopFX check 6.7 Depends on payment method N/A 67 High Risk 655
Libertex (Forex Club) logoLibertex (Forex Club) check 6.7 $10 -1 72 Average Risk 300
ATFX logoATFX check 6.6 $500 -1 70 Average Risk 150
UFX logoUFX check 6.6 $100 3 (Jan 2021) 67 High Risk 619
Xtrade logoXtrade check 6.5 $250 -1 80 Trusted 142
Tradeo logoTradeo check 6.4 $200 -1 67 High Risk 256

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Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Author

Marcus Taylor
Marcus Taylor

BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.


Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.
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