Is Forex Legal in Greece?

Forex trading is fully legal in Greece and operates under comprehensive regulatory oversight. Both spot foreign exchange trading and contracts for difference (CFDs) are legal in Greece and fall under the supervision of the local regulatory body, the Hellenic Capital Market Commission (HCMC) (1). The Greek financial system aligns with European Union standards, ensuring that retail and institutional traders can participate in foreign exchange markets with appropriate consumer protections in place.

The Hellenic Capital Market Commission (HCMC) was established as a legal entity by Law 1969/91 and organized by Law 2324/1995, aiming to ensure the protection and the orderly and efficient operation of the capital market (2). As Greece's primary financial regulatory authority, the HCMC supervises investment services firms, including those offering forex trading services, and ensures compliance with both national and European financial regulations.

"HCMC supervises, among others, Greek and foreign firms offering investment services, undertakings of collective investments, their Managers, new investment undertakings, as well as the listed companies in respect of their transparency obligations, takeover bids, corporate events, prospectuses in case of rights issues, financial statements, the shareholders and their obligations on major holdings change notification."

Greek forex traders benefit from the country's membership in the European Securities and Markets Authority (ESMA), which provides additional regulatory harmonization across EU member states. The HCMC is a Member of the European Securities and Markets Authority (ESMA) and operates within its framework and under its auspices (2). This membership ensures that Greek forex regulations align with broader European standards, providing traders with access to reputable, regulated brokers while maintaining investor protection measures consistent with EU-wide financial services directives.

Source:
https://www.tradingpedia.com/greece-forex-brokers/
http://www.hcmc.gr/en_US/web/portal/duties

Last updated: 01-06-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.