Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

Compare Brokers in Greece

For our greece comparison, we found 23 brokers that are suitable and accept traders from United States of America.

We found 23 broker accounts (out of 147) that are suitable for Greece.

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Forex.com

Spreads From

EURUSD 1.0 points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About Forex.com

  • Regulated by: Financial Conduct Authority.
  • Established in 1999 HQ in United States.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

69% of retail investor accounts lose money when trading CFDs with this provider

Read our in-depth Forex.com review

IG

Spreads From

EURUSD 0.6 points See all spreads

What can you trade?

  • Forex
  • Cryptocurrencies
  • Indices
  • Commodities
  • Stocks
  • ETFs

About IG

  • Regulated by: Financial Conduct Authority and ASIC.
  • Used by 195,000+ traders.
  • Established in 1974 HQ in UK.

Platforms

  • MT4
  • MT5
  • Web Trader
  • Mobile App

Funding Methods

  • Credit cards
  • PayPal
  • Bank transfer

Open a demo account

See Deal

75% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Read our in-depth IG review

Account type
EUR/USD Spread From
Commission
Execution
Min. Deposit
CFD
0.6
Fixed Spreads
Yes on share CFDs
STP
$250
Spread Betting
0.6
Fixed Spreads
None
STP
$250
Share Dealing
None
Fixed Spreads
£5
DMA
$250

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The Ultimate Guide to

Best Online Brokers for Greece

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) that 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 Euro-system’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 that are crucial for the growth of Greece’s economy. Any financial institution, intermediary or forex broker should be authorised by the HCMC before operating in Greece.


How to Trade in Greece

When seeking online brokers in Greece to trade currencies or derivative trading such as contract 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, test strategies and the brokers’ trading platform out. 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 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), that 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
  • Defence and aerospace
  • Marine technology
  • Renewable energy
  • Food products such: nuts: almonds, walnuts, pistachios; fruit: dried plums and cranberries; seafood: shrimp, lobster, crab, molluscs and squid; whiskey and other distilled spirits,
  • Raw materials such as hardwood and veneers.

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 importer with 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 authorised 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 clients’ assets from creditors in case of insolvency.

Why Choose Forex.com
For Greece?

Forex.com scored best in our review of the top brokers for greece, which takes into account 120+ factors across eight categories. Here are some areas where Forex.com scored highly in:

  • 19+ years in business
  • Offers 300+ instruments
  • A range of platform inc. MT4, Web Trader, NinjaTrader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 1.00pips
  • Used by 0+ traders.
  • Offers demo account
  • 1 languages

Forex.com offers one way to tradeForex. If you wanted to trade EURUSD

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

Forex.com have a AAA trust score. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19

Trust Score comparison

Forex.com IG
Trust Score AAA AAA
Established in 1999 1974
Regulated by Financial Conduct Authority Financial Conduct Authority and ASIC
Uses tier 1 banks
Company Type Private
Segregates client funds

A Comparison of Forex.com vs. IG


Want to see how Forex.com stacks up against IG? We’ve compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Forex.com IG
Fixed Spreads
Variable Spreads
EUR/USD Spread 1.00 0.60
GBP/USD Spread 0.9 0.9
USD/CAD Spread 0.9 1.7
USD/JPY Spread 0.90 0.70
DAX Spread 250.0 1.0
FTSE 100 Spread 150.0 1.0
S&P500 Spread 50.0 0.4

Comparison of account & trading features

Forex.com IG
Platform MT4, Web Trader, NinjaTrader, Tablet & Mobile apps MT4, Mac, Web Trader, L2 Dealer, Tablet & Mobile apps
Services Forex Forex, CFDs, Spread Betting, Share dealing
Base currency options USD, GBP, EUR USD, GBP, EUR, CHF, JPY, SGD, AUD
Funding options Bank transfer, Cheque, DebitCard, Payoneer, Credit cards, Bank transfer, PayPal, MasterCard, BPAY, DebitCard,
Micro account
ECN account