Trading forex in Greece requires the right balance of regulatory protection, cost efficiency, and local accessibility. Operating within the European framework means brokers must meet strict compliance standards, but not all platforms offer the same level of transparency, pricing, or local support. To identify the best forex brokers in Greece, we focused on firms that combine strong EU oversight, competitive trading conditions, and a user-friendly experience tailored to Greek residents.
We began by prioritizing brokers regulated by top-tier European authorities and compliant with HCMC, ESMA, and MiFID II standards, ensuring a solid foundation of safety and investor protection. From there, we confirmed that brokers support EUR as a base currency and provide access to CFDs on European shares, allowing traders to diversify across regional markets alongside forex.
To evaluate real trading conditions, we tested trading fees, including spreads and commissions, and assessed platform usability and features. We also reviewed whether brokers offer a localized experience, including Greek-language websites, customer support, and suitable local payment options.
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
**80% of retail CFD accounts lose money.
Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology.
Now, let’s explore the selected brokers.
Founded in 2006, AvaTrade offers a wide array of financial instruments, including stocks, ETFs, forex pairs, options, indices, commodities, cryptocurrencies, and bonds. The broker has multiple regulations, including CySEC, ASIC, and FSA Japan.
Regional Features:
AvaTrade offers a diverse array of trading platforms, including the widely-used MetaTrader, the intuitive AvaTrade Web platform, and the mobile-friendly AvaTrade GO app. The broker grants access to over 1,250 financial instruments, notably including bonds and forex options — assets not typically found in many brokers’ portfolios.
In terms of research tools, AvaTrade features the esteemed Trading Central. Traders can also leverage AI-powered trading signals to formulate trading strategies. A standout offering from AvaTrade is the AvaProtect risk management tool. This unique feature, available exclusively on AvaTrade’s platforms, allows traders of all experience levels to shield their trades from losses for a fee, enhancing their risk management tactics.
Our examination showed that AvaTrade’s fees for forex and commodities are notably competitive, surpassing industry norms. For instance, the EUR/USD spreads average around 0.9, and WTI oil spreads are at 0.03. However, our live testing indicated higher spreads for indices and stocks, with the Dow Jones index fluctuating between 5 and 6, and Tesla stock spreads averaging at 1.98.
FxPro is a forex and CFD broker headquartered in London. Since its foundation in 1999, the company has established itself as a leader in the online trading industry, thanks to its cutting-edge trading solutions. FxPro also makes waves because of its lightning-fast execution speeds and diverse tradable instruments.
Regional Features:
The standout feature of FxPro’s Trading Platform is its advanced charting capabilities. Price action is represented in high definition and is easily scalable up and down, thus affording traders a comprehensive overview from multiple angles.
I counted over 60 technical indicators, drawing tools, and other chart configurations. Traders can place market, limit, and stop orders, customize their watchlists, set price alerts, or practice one-click trading. Another great perk of FxPro is its lightning-fast order execution speed, averaging 12 milliseconds.
I performed my testing on a Standard FxPro account, featuring zero commissions and an all-inclusive spread starting from 1.2 pips. My test revealed that the broker’s spreads vary from average to high, though this is somewhat offset thanks to no minimum deposit requirement. Additionally, FxPro incorporates top-of-the-line market research from Trading Central, keeping its clients informed of the latest trading opportunities.
Founded in 2009, XM offers trading in forex pairs, commodities, indices, and stocks. The broker is regulated by CySEC, AISC, FSC Belize and DFSA Dubai.
Regional Features:
XM provides access to the well-known MetaTrader 4 and 5 platforms, along with a dedicated XM App for both iOS and Android devices. The broker offers both spread-based and commission-based accounts featuring tight spreads — an essential factor for seasoned traders.
XM boasts a portfolio of over 1,200 share CFDs, including those based on Greek equities. For research support, XM provides analysis, trading ideas, a podcast, and XM TV, which hosts expert commentary from the company’s own analysts.
On the subject of fees, my analysis indicated that XM delivers competitive spreads via its Standard Account. Specifically, EUR/USD spreads fluctuated between 1.6 and 1.8, while DAX spreads ranged from 1 to 2.
The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.