Best Forex Brokers in Spain 2019
AvaTrade
ASIC, BVI, FSA(JP), FSB
N/A
Your capital is at risk
eToro
ASIC, CySEC, FCA
N/A
76% of retail investor accounts lose money
FBS
CySEC, IFSC
N/A
Your capital is at risk
XTB
BaFin, CNMV in Spain, CySEC, FCA, IFSC
Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom
Your capital is at risk
FXTM
CySEC, FCA, IFSC
FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus
Your capital is at risk
Markets.com
CySEC, FSB
N/A
CFDs carry risk. 73% of traders lose
Spanish Forex Brokers Comparison Table
Broker | Rating | Regulations | Headquarters Country | Foundation Year | Min Deposit | Max Leverage | Trading Platforms | Publicly Traded | Restricted Countries | Trading Desk Type | Currencies | Commodities | Indices | Stocks | Cryptocurrency | ETFs | Bonds | Futures | Options | Mutual funds | Deposit | Withdrawal | Commission on trades | Fixed spreads | OS Compatibility | Mobile trading | promotions | Visit Broker |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASIC, BVI, FSA(JP), FSB | Ireland | 2006 | $100 | 1:400 | ActTrader, MT4 | No | United States | Market Maker | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | No | No | Credit Card, Moneybookers, Neteller, PayPal, Union Pay, Webmoney, Wire Transfer | Credit Card, Moneybookers, Neteller, PayPal, Union Pay, Webmoney, Wire Transfer | No | Yes | N/A | N/A | No | Open Account Your capital is at risk | ||
ASIC, CySEC, FCA | Cyprus | 2007 | $200 | 1:30 | cTrader, Currenex, eToro Platform, Keystone, Marketspulse, Mirror Trader, MT4, MT5, Tradologic, ZuluTrade | No | Canada, Indonesia, Iran, Isle of Man, Israel, Jamaica, Japan, Niger, North Korea, Sweden, Syria, Trinidad and Tobago, Turkey, United States | Market Maker, No dealing desk, STP | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | No | No | Credit Card, Moneybookers, Neteller, PayPal, Skrill, Webmoney, Wire Transfer | Credit Card, Moneybookers, Neteller, PayPal, Skrill, Webmoney, Wire Transfer | Yes | No | N/A | N/A | No | Open Account 76% of retail investor accounts lose money | ||
CySEC, IFSC | Russian Federation | 2009 | $1 | 1:3000 | MT4, MT5 | No | Russian Federation, United States | ECN, No dealing desk, STP | Yes | No | No | No | Yes | No | No | No | No | No | Cash-U, Credit Card, Moneybookers, Neteller, PerfectMoney, QIWI, Skrill, Wire Transfer | Cash-U, Credit Card, Moneybookers, Neteller, PerfectMoney, QIWI, Skrill, Wire Transfer | No | Yes | N/A | N/A | No | Open Account Your capital is at risk | ||
BaFin, CNMV in Spain, CySEC, FCA, IFSC | United Kingdom | 2002 | $250 | 1:200 | MT4 | No | United States | STP | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | No | Credit Card, Neteller, PayPal, Skrill, Wire Transfer | Wire Transfer | Yes | Yes | Desktop platform (Windows), Desktop platform (Mac), Web platform | Android, iOS | Yes | Open Account Your capital is at risk | ||
CySEC, FCA, IFSC | Cyprus | 2011 | $10 | 1:30 | MT4 | No | Belize, Japan, United States | ECN, STP | Yes | Yes | Yes | Yes | Yes | No | No | No | No | No | Credit Card, Neteller, QIWI, Skrill, Webmoney, Wire Transfer | Credit Card, cryptocurrencies, Neteller, QIWI, Skrill, Webmoney, Wire Transfer | Yes | No | Desktop platform (Windows), Desktop platform (Mac), Web platform | Android, iOS | No | Open Account Your capital is at risk | ||
CySEC, FSB | Cyprus | 2008 | $100 | 1:300 | MT5 | No | Belgium, Japan, Russian Federation, United States | Dealing Desk, Market Maker | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No | No | No | Credit Card, Moneybookers, Neteller, PayPal, Skrill, Wire Transfer | Credit Card, Moneybookers, Neteller, PayPal, Skrill, Wire Transfer | No | No | N/A | N/A | No | Open Account CFDs carry risk. 73% of traders lose |
How to Choose a Forex Broker as a Spanish Trader
Spain is known to be a desirable destination among forex traders and brokers. Both traders and businesses benefit from the excellent regulatory guidelines imposed on the financial markets in Spain. Being apart of the EU and the European Economic Area, forex trading is subjected to the guidelines set by the MiFID which ensure safe, stable and secure investment practices among forex brokerages.
Spanish traders should always choose brokers who are regulated to conduct business in Spain. Below are a few important aspects to consider when choosing a forex broker in Spain.
- Traders should only choose brokers regulated under the National Securities Market Commission, (CMNV).
- Traders should choose companies with enticing bonuses along with low commissions and fees for maximum profits on investment.
- Ensure the accounts offered by the broker have enough diversity and currency pairs to fit your trading needs.
General Regulation & Spanish Regulation
The financial and securities markets in Spain are regulated by a government agency known as the National Securities Market Commission, (CNMV). The main responsibility of this regulatory authority is to regulate the financial markets in Spain through the implementation of regulatory guidelines and policies. Their goal is to maintain and promote a fair and stable financial market with the protection of consumers in mind. In addition to this regulatory authority, the MiFID also correlates with the CNMV for the regulation of forex trading in Spain. This is due to Spain’s involvement in the European Economic Area.
Trading Platform & Software
The best forex brokers in Spain provide the most advanced and up to date trading platforms and software. Designed with the trader in mind, the best trading platforms offer an easy to use and visually pleasing interface, has a variety of analysis tools, and fast speeds for execution. A good trading platform will offer their traders up to date quotes and charts in an organized and easy to use format. The interface should be fast, informative, and easy enough to use. Many forex brokers in Spain offer a free trial of their platforms before a full commitment.
Commissions & Spreads
Spreads and commissions are both very important aspects of a forex broker. They go hand in hand and play a big part in whether the forex broker is worth your while. In fact, the spread is one of the most important things to consider when choosing a forex broker. With that said, we choose forex brokers with low spreads and comparable commissions.
Account Types
Spanish traders are fortunate to have multiple account types to choose from with most of the brokers offering forex trading services to Spanish clients. With that said, common account types available to Spanish forex traders are Micro, Premium, VIP, Zero Spread, Fixed, Currenex, HF Social, and Islamic accounts.
Customer Service
With the Spanish language being the second most spoken language in the world, traders have no problem whatsoever receiving customer service in Spanish.
Additional Services
The best forex brokers in Spain go the extra mile with their clients in offering additional services and resources such as educational material, training courses/classes communicative forums, and more.
Conclusion
Our best forex brokers in Spain list is created with the utmost certainty in quality and reputation. We have only gathered CNMV regulated brokers who are known to be reputable and competent with the services they provide. All our brokers offer excellent trading platforms, competitive commissions and fees, and a wide range in account types.