Best Forex Brokers in Greece 2026

Top Picks (Quick Summary)

• IC Markets, best overall: A clear choice between Standard and Raw Spread accounts, with tools for manual and automated trading.
• Saxo, best for experienced multi-asset traders: Detailed research and portfolio tools for people trading currencies alongside other markets.
• FxPro, best for spread-only Standard trading: An accessible pricing model on MT4 and MT5, with other platforms available.
• Pepperstone, best for TradingView users: A strong match for traders whose charting and order placement happen in TradingView.
• FP Markets, best for learning MetaTrader: Demo trading, small position sizes and a choice of Standard or Raw accounts.

Comparison Table of Top Forex Brokers in Greece

CySEC licenses these Cyprus investment firms. They should not be described as directly licensed by Greece's Hellenic Capital Market Commission (HCMC). Under European passporting rules, an appropriately authorised EU firm can provide eligible investment services in Greece.

Key Costs & Pricing Snapshot

Raw accounts may show a tighter spread but add a commission. The useful number is the combined cost of opening and closing the same position, including any commission and slippage.

On EUR/USD, one pip is worth $10 for a standard lot of 100,000 euros. A 1.0 pip spread therefore represents about $10 in spread cost on that lot. A Raw quote starting at 0.0 pips is not free: the stated commission still applies, and the actual spread can be higher when an order is placed. Starting spreads are not average spreads.

Why These Forex Brokers Made the List

The shortlist includes brokers with different strengths rather than five versions of the same account. Some specialise in MetaTrader and low starting spreads, while others offer stronger research or more ways to trade from charts. Each was assessed against the European legal entity, forex account conditions and tools relevant to Greek residents.

Best Forex Brokers in Greece: Detailed Reviews

IC Markets: Best Overall for Forex-Focused Traders

Overview

IC Markets makes the trade-off between Standard and Raw pricing easy to understand. On the Standard account, the forex charge is built into the spread. Raw Spread accounts separate the broker's commission from the market quote. That distinction matters to active traders because the lower number displayed beside a currency pair is not necessarily the cheaper completed trade. MetaTrader Expert Advisors also make IC Markets relevant to traders testing automated strategies.

Key facts

• The EU account comparison lists no minimum deposit requirement.
• The minimum forex order is 0.01 lot.
• Demo accounts are available for testing order sizes and strategies.

Pros

• Easy to compare two distinct account pricing models.
• Supports automated trading through MetaTrader.

Cons

• Raw Spread commission must be added to the spread.
• Greek-language assistance is not specified for the EU account.

Best for: Traders who focus mainly on forex and want control over both their platform and fee structure.

Saxo: Best for Experienced Multi-Asset Traders

Overview

Saxo is different from the more forex-centred brokers here. Its main strength is the amount of market information available alongside the trade ticket. A trader following EUR/USD while also managing bonds, shares or ETFs can keep those decisions within a broader portfolio view. For someone who only needs a basic chart and one currency pair, that extra depth adds complexity without necessarily lowering the cost.

Key facts

• Saxo Bank A/S is supervised by the Danish FSA under licence 1149.
• Forex pricing changes by pair, transaction size and account tier.
• The precise account entity and terms are established during Greek onboarding.

Pros

• Strong research and portfolio analysis.
• Advanced order tools for traders managing several markets.

Cons

• A steeper learning curve than a basic MetaTrader account.
• One starting spread would not represent its full pricing structure.

Best for: Experienced traders who want currencies to sit alongside a wider investment portfolio.

FxPro: Best for Simple Standard Account Pricing

Overview

FxPro's MT4 and MT5 Standard accounts suit traders who prefer to see the dealing cost in the spread rather than calculate a separate charge for every order. That convenience should not be confused with the lowest price. A wider spread can cost more than a raw account after commission, especially when positions are opened frequently. The choice of platform matters because FxPro does not use one pricing method across all its terminals.

Key facts

• Forex trading on cTrader has a separate commission schedule of $35 per $1 million traded, assessed when opening and closing positions.
• EUR base currency accounts and 0.01 lot trades are available.
• Demo trading is supported.

Pros

• A straightforward cost display on MT4 and MT5 Standard.
• Several platform choices for different order workflows.

Cons

• The pricing model changes across platforms.
• Its Standard starting spread is higher than the advertised Raw starting spreads in the pricing table.

Best for: Traders who prefer spread-based forex pricing and want freedom to change platforms later.

Pepperstone: Best for TradingView Users

Overview

For chart-led trading, the practical advantage of Pepperstone is being able to move from analysis to an order without rebuilding the setup elsewhere. TradingView, MetaTrader and cTrader support different habits, from discretionary chart reading to automated execution. The choice should be made before comparing commissions, since Razor charges vary with the platform and account currency.

Key facts

• Published EU Razor charges include $6 per standard lot round trip on cTrader FX and $7 on TradingView FX.
• The EU site lists a $10 minimum deposit for some funding methods; bank transfer conditions differ.
• An international bank wire withdrawal can incur a $20 fee.

Pros

• Several charting and execution environments.
• Well suited to traders who use TradingView to plan entries.

Cons

• Comparing platform costs takes extra care.
• Some withdrawal methods incur a fee.

Best for: Technical traders who already build their setups in TradingView and want direct trading access.

FP Markets: Best for Beginners Learning MetaTrader

Overview

FP Markets gives new forex traders room to learn on a demo and move to small live positions without changing trading software. The Standard account is easier to read at first because there is no separate forex commission. Traders who later increase their activity can compare the Raw account on its total cost rather than assume a lower quoted spread is automatically better. The European business is the relevant one for Greek residents.

Key facts

• The EU service advertises more than 70 forex CFD pairs.
• Orders start at 0.01 lot.
• MT4 and MT5 support Expert Advisors for automated trading.

Pros

• A straightforward route from practice to live trading.
• Small trade sizes and familiar MetaTrader tools.

Cons

• The Raw account adds a separate commission.
• International website offers may differ from its EU account terms.

Best for: Beginners who want to practise position sizing and orders before considering a more active trading strategy.

How Forex Leverage and Trading Costs Work in Practice in Greece

Retail forex CFDs in Greece follow leverage limits of 1:30 for major currency pairs and 1:20 for non-major pairs. At 1:30 leverage, a $30,000 position requires $1,000 of initial margin before costs. That margin is collateral, not the maximum possible loss.

Retail CFD protections include negative balance protection and a margin close-out rule triggered when account funds fall to 50% of the required margin. These rules reduce certain risks but cannot prevent losses. Stops can execute at a worse price when markets move quickly.

Costs also change with the pair and holding period. A trader buying EUR/GBP or EUR/JPY should inspect those spreads directly instead of using an EUR/USD example as a substitute. Positions held overnight can incur swap charges. Frequent short trades are more sensitive to spread and commission, while longer holds make financing costs more important.

Who Should Choose Which Option?

The most useful split is by how orders are placed, not by the size of a broker's headline bonus or leverage offer.

• Learning to trade: Use a Standard demo at FP Markets or IC Markets to practise lot sizing and margin without a separate commission to calculate.
• Trading frequently: Compare a complete EUR/USD round trip on IC Markets Raw, FP Markets Raw and Pepperstone Razor at the same time of day.
• Trading from charts: Pepperstone deserves close attention when TradingView is central to the strategy; FxPro is worth comparing if multiple terminals matter.
• Managing currencies with other assets: Saxo offers a more integrated research and portfolio environment.

How to Choose the Right Forex Broker in Greece

1. Verify the legal company. The company in the client agreement must match an authorised firm with permission to serve Greece. A brand's licence in another country is not enough.
2. Compare the same trade. Check the spread, commission and any financing charge for the same pair, order size and time. Look at actual quotes, not just minimum advertised spreads.
3. Check euro funding. EUR accounts can reduce unnecessary conversions. Review SEPA availability, payment method costs and withdrawal conditions.
4. Try the platform. Place practice market, limit and stop orders. For scalping or Expert Advisors, check whether the account supports the required order types and tools.
5. Read the retail risk terms. Understand margin calls, close-out rules and how a stop-loss order behaves when prices gap.

Forex Trading Taxes and Reporting in Greece

Greek tax residents are generally taxed on taxable income earned in Greece and abroad. Using a broker based elsewhere in the EU does not remove that responsibility. The tax treatment depends on the instrument traded and the trader's circumstances, not simply the broker's location.

Greek tax guidance lists a 15% rate for capital gains from financial derivatives, but this should not be treated as a fixed rate for every forex or CFD trade. Keep account statements showing closed trades, profits, losses and fees. Before filing a tax return, confirm how the activity should be reported with the AADE or a qualified Greek tax adviser.

Final Verdict

IC Markets is the strongest all-round starting point in this shortlist for a forex-focused trader because its Standard and Raw account structure is easy to compare, and it supports both manual and automated trading. That does not make it the cheapest on every pair or at every trading hour. Traders should use the account quotes that match their own strategy to make the final decision. The clearest distinction in this group is between forex-centred brokers, platform specialists and Saxo's wider investment approach.

Our Review Process & Updates

Each broker is evaluated based on the trading conditions available to residents of Greece, with particular attention to regulation, spreads, commissions, account requirements, currency pairs, and trading platforms. The comparison considers total trading costs rather than advertised minimum spreads alone. Platform features and account flexibility are also assessed to identify which brokers suit different trading styles and experience levels.

All figures reflect published terms applicable to Greek clients and are subject to change. Pricing, account availability, and regulatory details are reviewed when new information becomes available.

Risk Warning

Forex CFDs are high-risk leveraged products. Prices can move quickly, spreads can widen and losses can occur even when a regulated broker provides the account. Never assume that a small minimum deposit makes a position low risk.