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, FSA(JP), FSB

Foundation Year
2006
Headquarters:

N/A

Min Deposit
$100
Visit Broker

Your capital is at risk

eToro

Regulated By:

ASIC, CySEC, FCA

Foundation Year
2007
Headquarters:

N/A

Min Deposit
$200
Visit Broker

76% of retail investor accounts lose money

FBS

Regulated By:

CySEC, IFSC

Foundation Year
2009
Headquarters:

N/A

Min Deposit
$1
Visit Broker

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
$250
Visit Broker

Your capital is at risk

FXTM

Regulated By:

CySEC, FCA, IFSC

Foundation Year
2011
Headquarters:

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

Min Deposit
$10
Visit Broker

Your capital is at risk

Markets.com

Regulated By:

CySEC, FSB

Foundation Year
2008
Headquarters:

N/A

Min Deposit
$100
Visit Broker

CFDs carry risk. 73% of traders lose

Spanish Forex Brokers Comparison Table

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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.