Choosing a forex broker in Spain should not be a difficult task, considering there are so many competent brokerages. However, when choosing a broker, you want to ensure it’s the best possible one for you. Inside we feature a list of the very best brokers for the Spanish market. The list is based on our own expert research and through feedback from our users.
The brokers below represent the best forex brokers for trading in Spain.
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Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.
FCA UK, CySEC , FSCA South Africa
1:30 (FCA UK), 1:30 (CySEC ), 1:500 (FSCA South Africa)
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General Risk Warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs.
FCA UK, CySEC , FSCA South Africa, BVI FSC, FSA Seychelles, FSC Mauritius, CMA (Kenya)
1:30 (FCA UK), 1:30 (CySEC ), 1:500 (FSCA South Africa), 1:1000 (BVI FSC), 1:500 (FSA Seychelles), 1:499 (FSC Mauritius), 1:2000 (CMA (Kenya))
MT4, MT5, Proprietary
Market Maker, No dealing desk
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This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.
ASIC, CySEC , FSCA South Africa
1:30 (ASIC), 1:30 (CySEC ), 1:500 (FSCA South Africa)
MT4, MT5, cTrader, IRESS
DMA, ECN, No dealing desk, STP
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Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
ASIC, CySEC , FSA Seychelles
1:30 (ASIC), 1:30 (CySEC ), 1:500 (FSA Seychelles)
MT4, MT5, cTrader
ECN, No dealing desk
Founded in 2010, IronFX provides its services via four entities: Notesco Financial Services Ltd (Cyprus), Notesco UK Limited (UK), Notesco (SA) Pty Ltd (South Africa), and Notesco Limited (Bermuda).
The broker offers the highly popular MetaTrader 4 platform.Traders have seven types of accounts to choose from. Three accounts offer the option to choose between the fixed and the floating spread. There is an Islamic Account option for four types of accounts.
IronFX offers a high number of forex pairs, commodities, and indices. The cryptocurrency offering is also interesting. The number of available stocks is medium. There are plenty of options for deposits and withdrawals. Traders can use various base currencies.
Founded in 2008, Exness is a forex and CFD broker offering access to trading in currencies, crypto, stocks, indices, metals and commodities. Exness offers their proprietary Trading Terminal platform as well as MetaTrader 4 and 5. A wide variety of account types cater to different types of traders. As of January 2022, Exness had 257,135 active clients according to the company website.
FP Markets was founded in 2005 and is regulated by the Australian Securities and Investments Commission (ASIC), offering segregation of client funds and top tier liquidity. FP Markets is a group of companies that includes First Prudential Markets Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission.
The broker offers the ability to trade on more than 10,000+ financial instruments covering Forex, Equities, Metals, Commodities, Indices and Cryptocurrency CFDs. Users have access to a range of accounts including the Standard Account (commission-free) and Raw Account (commission-based) for MetaTrader users, both offering ECN pricing and maximum leverage of 500:1. Users can also access Iress Accounts which are commission-based.
IC Markets was founded in Sydney, Australia, in 2007 and is regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), as well as the Seychelles Financial Services Authority (FSA).
The broker offers three core trading accounts called Raw Spread (cTrader), Raw Spread (MetaTrader) and a Standard Account (MetaTrader). Spreads start from zero pips on the Raw Spread accounts with commission-payable. The Standard Account offers commission-free trading with spreads from just one pip. The broker also offers demo trading accounts and Islamic swap-free accounts.
While the broker offers services and features designed for both beginner and professional traders, the company promotes themselves as the ‘go-to’ choice for high volume traders, scalpers and trading algos due to their New York Equinix NY4 data centre – processing over 500,000 trades per day. The broker also offers additional trading features such as social trading integration with ZuluTrade and MyFXbook.
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.
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.
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.
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.
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.
With the Spanish language being the second most spoken language in the world, traders have no problem whatsoever receiving customer service in Spanish.
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.
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.
FX Empire editorial team consists of professional analysts with a combined experience of over 45 years in the financial markets, spanning various fields including the equity, forex, commodities, futures and cryptocurrencies markets.
At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.