Company

Spread

for EUR/USD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

City Index

Offers three ways to trade: Forex, CFDs, Spread Betting

 Offers over 12,000 instruments
City Index
See Details Try a Demo
Your capital is at risk
£25Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Standard
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  • Fixed
  • Variable

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Trust Score:

A

Used by:

140,000

Established in:

1983

Regulated by:

Financial Conduct Authority, A...

CFDs are leveraged products and can result in the loss of your capital. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Greece

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose City Index
For Greece?

City Index 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 City Index scored highly in:

  • 34+ years in business
  • Offers 12500+ instruments
  • A range of platform inc. MT4, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.5 pips
  • Used by 140,000+ traders
  • Allows hedging
  • 3 languages
  • Leverage up to 1:200

City Index offers three ways to trade: Forex, CFDs, Spread Betting. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

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.

City Index have a A trust score, which is good. This is largely down to them being regulated by Financial Conduct Authority, ASiC and MAS, segregating client funds, being established for over 34 years, and much more. For comparison:

Trust Score comparsion

City Index
Trust Score A
Year Established 1983
Regulated by Financial Conduct Authority, ASiC and MAS
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who City Index is (& Isn’t)
Suitable For

As mentioned, City Index allows you to trade in three ways: Forex, CFDs, Spread Betting.

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with City Index, you'll need a minimum deposit of $100. City Index offers a range of different account types for different traders including a micro account, mini account, .

Finally, City Index isn't available in the following countries: CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW. They do not offer islamic accounts either.

Part 3

A Comparison of City Index vs. vs.


Want to see how City Index stacks up against and ? 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.
City Index
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.5
GBP/USD Spread 2.1
USD/CAD Spread 2.0
USD/JPY Spread 1.6
DAX Spread 1.0
FTSE 100 Spread 1.0
S&P500 Spread 0.4

Comparison of account & trading features

City Index
Spread type Fixed
EUR/USD Spread 1983
EUR/GBP Spread Financial Conduct Authority, ASiC and MAS
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

IG

www.ig.com/gr

IG is one of the most widely recognised brokers in the world. It is also one of the oldest, with over 40 years experience providing regulated financial products and services. With its head office in London, it is authorised and regulated by one of the most trusted industry regulators, the UK’s Financial Conduct Authority (FCA). The international group also have 14 sales offices, 9 of which are in European countries, and the closest to Greece is in Italy.

IG offers its own vast trading platform featuring award-winning technology and with more than 15,000 financial markets available to trade in, including indices, stocks, shares, commodities, Forex, and many others. The platform is available with web-based access, or traders can download the app for a variety of different devices. Clients can try out a free demo account to assess the platform and determine whether it is suitable for their needs, with €30,000 worth of virtual currency to trade with. Euros are also available as the preferred currency for a live account. As for relevant payment methods for Greek traders, the company accepts VISA/Mastercard and direct bank deposits.

Popular indices amongst traders from Greece available on the IG platform include the EURO STOXX 50, Germany 30 (DAX), Wall Street and the Italy 40 (FTSE MIB).

AvaTrade

www.avatrade.com

AvaTrade is an award-winning broker with over 10 years experience in the industry and more than 200,000 registered clients, spanning across 150 countries. It offers one of the top trading platforms for traders in Greece. With AvaTrade’s EU head office located in Ireland, the group are regulated by the Central Bank of Ireland, and also comply with the Markets in Financial Instruments Directive throughout the EEA.

More than 200 financial markets are available for trading through the AvaTrade platforms such as indices, commodities, stocks, cryptocurrencies and Forex trading, with more than 50 currency pairs available to trade on. A free demo account is available for 21 days so clients can test drive their platforms before opening a live account to trade.

The company’s website and trading platforms are available in over 20 different languages. Multiple payment methods are accepted by AvaTrade, namely wire transfer, debit/credit card, and the Ava Debit Card can also be used. Unfortunately, clients from the EU are not eligible to pay through PayPal, Skrill, and other online wallets.

Plus500

www.plus500.gr

Founded in 2008, Plus500 has grown significantly within a short time span. As of 2016, the company had an active customer base of over 155,000. The platform provided by the Plus500CY Ltd. company operates in Greece under the authorisation and regulation of the well-respected regulator, CySEC (Cyprus Securities and Exchange Commission). They are licensed to offer and are primarily providers of contracts for difference (CFDs).

The vast trading platform offered by Plus500 gives clients access to some of the largest markets in the world with more than 2000 financial instruments, including Forex, cryptocurrencies, commodities, shares, and indices, which can be accessed through CFDs. Some of the more popular underlying assets amongst Greek traders include the Greece 20, Ethereum, Bitcoin and Facebook. The website, trading platform, customer support and trading apps are all offered in Greek, with the apps being amongst the highest rated on Google Play and AppStore for CFD trading.

A great feature of Plus500’s trading platform is its availability in 32 different languages, Greek being just one of them. Clients can sign up for a free demo account to assess their trading skills and familiarise themselves with the trading platform ahead of opening a live account. Both the demo and live accounts can use Euros as the base trading currency, and the company accepts a variety of payment methods for Greek traders, including Visa/Mastercard, PayPal/Skrill, and direct bank deposit.

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