Best Forex Brokers in Spain 2019

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Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

AvaTrade

Regulated By:ASIC, BVI, CBI, FSCA

Foundation Year:2006

Headquarters:Five Lamps Place, 77-80 Amiens Street, Dublin 1, DO1A742, Dublin, Ireland

Min Deposit:$100

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Your capital is at risk

Your capital is at risk

eToro

Regulated By:ASIC, CySEC, FCA

Foundation Year:2007

Headquarters:Kanika International Business Center 7th Floor, 4 Profiti Ilia Street Germasogeia, Limassol, Cyprus

Min Deposit:$200

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76% of retail investor accounts lose money

76% of retail investor accounts lose money

FBS

Regulated By:CySEC, IFSC

Foundation Year:2009

Headquarters:N/A

Min Deposit:$1

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Your capital is at risk

Your capital is at risk

XTB

Regulated By:BaFin, CNMV in Spain, CySEC, FCA, IFSC

Foundation Year:2002

Headquarters:Level 34, One Canada Square, Canary Wharf, E14 5AA, London, United Kingdom

Min Deposit:$0

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Your capital is at risk

Your capital is at risk

FXTM

Regulated By:CySEC, FCA, FSC

Foundation Year:2011

Headquarters:FXTM Tower, 35 Lamprou Konstantara, Kato Polemidia, 4156, Limassol, Cyprus

Min Deposit:$10

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90% of retail CFD accounts lose money

90% of retail CFD accounts lose money

Markets.com

Regulated By:ASIC, CySEC, FCA, FSCA

Foundation Year:2008

Headquarters:Safecap is located at 148 Strovolos Avenue, 2048, Strovolos, P.O.Box 28132, Nicosia, Cyprus.

Min Deposit:$100

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CFDs carry risk. 73% of traders lose

CFDs carry risk. 73% of traders lose

Spanish Forex Brokers Comparison Table

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BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
AvaTrade
Visit Broker>

Your capital is at risk

ASIC, BVI, CBI, FSCA

$100

1:30

ActTrader, MT4, MT5, Proprietary, Zulutrade

2006

Dealing Desk, Market Maker

Visit Broker>

Your capital is at risk

eToro
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76% of retail investor accounts lose money

ASIC, CySEC, FCA

$200

1:30

cTrader, Currenex, eToro Platform, Keystone, Marketspulse, Mirror Trader, MT4, MT5, Tradologic, Zulutrade

2007

Market Maker, No dealing desk, STP

Visit Broker>

76% of retail investor accounts lose money

FBS
Visit Broker>

Your capital is at risk

CySEC, IFSC

$1

1:3000

MT4, MT5

2009

ECN, No dealing desk, STP

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Your capital is at risk

XTB
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Your capital is at risk

BaFin, CNMV in Spain, CySEC, FCA, IFSC

$0

1:200

MT4

2002

STP

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Your capital is at risk

FXTM
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90% of retail CFD accounts lose money

CySEC, FCA, FSC

$10

1:30

MT4, MT5

2011

ECN, STP

Visit Broker>

90% of retail CFD accounts lose money

Markets.com
Visit Broker>

CFDs carry risk. 73% of traders lose

ASIC, CySEC, FCA, FSCA

$100

1:300

MT4, MT5, Proprietary

2008

Dealing Desk

Visit Broker>

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.