The Best Forex Brokers and Platforms in Spain

Spain is one of the European Union’s powerhouses, with a large population. Its population size means that it has a large market that attracts brokers across the globe. To offer their services in Spain, brokers need to acquire approval from the National Securities Market Commission (CNMV), which is the leading and only financial regulatory agency in Spain.

In this guide, you will find our suggested forex brokers and platforms for Spain. These brokers have undergone testing by our expert researchers. We have also gone through honest user reviews on Google Play and the App Store. With the combination of these two research techniques, it is no doubt that the best forex brokers in Spain are the ones we have listed below.

Best Forex Brokers in Spain

IG Markets
CMC Markets
XTB

Commission

Withdrawal Fee

0%

0%

$0

Minimum Deposit

$250

€0

$250

Time to Withdraw

1-3 Days

1 Day

1+ Day

How Many Cryptocurrencies

12 (plus pairs)

12 (plus pairs)

Mobile App

Regulation

ASIC

ASIC

FSCA

Based in

The UK

the UK

Poland

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

WHAT MAKES the Best Forex Brokers in Spain?

When testing forex brokers in Spain, we use the same methods to make sure that our findings are accurate and useful to the readers. With a combination of user reviews and testing, our results showed that IG Markets, CMC Markets, and XTB are the best for forex trading in Spain.

The above-recommended forex brokers are overseen by the National Securities Market Commission (CNMV), which is the local financial regulator of Spain’s securities markets. The best part is that top-tier international regulators, such as the Financial Conduct Authority (FCA), also regulate them.

Additionally, the best forex brokers above have a pool of forex instruments, including ETFs, futures, and options. They also have a platform with excellent features and tools for useful market analysis. While testing, we noticed that these three have efficient mobile applications that allow traders to monitor their activities anywhere they see fit.

The best forex brokers in Spain are IG Markets, CMC Markets, and XTB. They have many forex instruments, easy-to-use features, and offer educational tools to improve your trading experience. Try them today, and we assure you that your first experience will be one among many.

Best Free Forex Trading Platforms in Spain

FOREX.COM
XTB

Commission

Depend on asset

Withdrawal Fee

0

$0

Minimum Deposit

$250

$250

Bank Transfer

Electronic wallets

Time to Withdraw

1-3 Days

1+ Day

Mobile App

Regulation

Cysec, FCA

FSCA

Platforms

MetaTrader 4

xStation 5 & MT4

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

WHAT MAKES the Best Free Forex Trading Platforms in Spain?

We usually review the best trading platforms based on functionality. Our recommended brokers have platforms that are designed in a more advanced manner. These forex trading platforms deliver exceptional speed and performance that will make sure that you are in control of your trading activities.

Additionally, these brokers’ trading platforms have educational tools that suit all forex traders. Whether you are a beginner, intermediate, or expert, the available educational tools will boost your trading experience.

Note that the National Securities Market Commission (CNMV) authorises foreign brokers to access the Spanish market. Therefore, during our research, we made sure that these brokers allow Spanish forex investors. The three are also licensed and regulated by top-rated authorities, such as the Securities and Exchange Commission (SEC).

Do not hesitate to try the best forex trading platforms in Spain. With demo accounts, you will have a taste of how their forex trading platforms work.

Best Forex Trading Platforms for Beginners in Spain

eToro
CMC Markets
Plus500

Spread on Amazon

0.09%

0.08%

Variable

Commission

Withdrawal Fee

€25

0%

€0

Minimum Deposit

€100

€0

€100

Time to Withdraw

1 Day

1 Day

1-3 Days

How Many Cryptocurrencies

16 (plus pairs)

12 (plus pairs)

12 (CFD)
Availability subject to regulation

How Many Currency Pairs

47

300

70+ (CFD)

How Many Stocks

1,000+

9000+

1,500+ (CFD)

Platform

eToro + eToroX

MT4 + DMA

Plus500

Mobile App

24/7 Support

Regulation

CySEC

ASIC

FCA, CySEC, ASIC, MAS

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

WHAT MAKES the Best Forex Trading Platforms for Beginners in Spain?

If you are a beginner in Spain looking for a forex trading platform, eToro, CMC Markets, and Plus500 top the list. According to our reviews, what makes them stand out is their easily tailored platforms that suit your trading needs. For example, eToro has a social trading platform where you can copy trades from the professionals.

Additionally, these three forex brokers’ platforms are unique and up-to-date with new functionalities and features. The resources and educational tools are also easily accessible for traders to learn and improve their experience.

 Note that most beginners require easy-to-use and customise trading platforms, of which only these three platforms are able to provide.

It’s no a brainer that Spain’s official language is Spanish. Therefore, you are likely to find many forex brokers also conversing in Spanish. During our research, we compared all the available forex brokers. We prioritised the brokers that offer not only Spanish accounts, but those that also perform seamlessly. 

Best Forex Brokers for Windows in Spain

FOREX.COM
eToro

Spread on Amazon

Depend on market

0.09%

Commission

Depend on asset

Withdrawal Fee

0

€25

Minimum Deposit

$250

€100

Time to Withdraw

1-3 Days

1 Day

How Many Stocks

220 (as CFDS)

1,000+

Platform

Forex/MT4

eToro + eToroX

Mobile App

24/7 Support

Regulation

Cysec, FCA

CySEC

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

WHAT MAKES the Best Forex Brokers for Windows in Spain?

Windows is one of the best-operating systems that traders prefer. Therefore, it makes sense to find a broker that works well with your Windows device. During our research, we spend hours testing brokers on various operating systems. Together with user reviews, our findings confirmed that the best forex brokers for Windows in Spain are the ones we recommend above.

If you haven’t tried these brokers on your Windows PC, then you don’t know what you’re missing. Their forex trading platforms run very smoothly like you’ve never witnessed before.

 Everything you need for your trading needs is easily accessible, and they can be customised to suit all investors.

One forex broker that left us in awe is eToro. This social trading broker has a well-established platform with an impeccable performance that only Windows users can explain. Generally, the best forex brokers for Windows are the ones listed above. Therefore, if you have been looking for a suitable broker for your Windows desktop, then perhaps it’s about time you try one of these three.

Best Forex Brokers for Mac OS in Spain

XTB
IG Markets
CMC Markets

Commission

Withdrawal Fee

$0

0%

0%

Minimum Deposit

$250

$250

€0

Time to Withdraw

1+ Day

1-3 Days

1 Day

How Many Cryptocurrencies

12 (plus pairs)

12 (plus pairs)

Mobile App

Regulation

FSCA

ASIC

ASIC

Based in

Poland

The UK

the UK

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

WHAT MAKES the Best Forex Brokers for Mac OS in Spain?

Using our testing procedure and comparing honest user reviews, we concluded that the best forex brokers for Mac OS in Spain are XTB, IG Markets, and CMC Markets. We usually begin our research by confirming if the brokers are safe. Our best forex brokers for Mac OS are regulated by top-tier authorities, such as the National Securities Market Commission (CNMV) and the Financial Conduct Authority (FCA).

We noticed that brokers in today’s trading market are offering trading platforms that are supported on Mac OS devices.

The brokers mentioned above keep updating their platforms with modern features so that traders can enjoy their experience, regardless of their Mac’s generation.

We expect these brokers to continue excelling in being the best for Mac OS users in Spain. Note that our research does not end here. We will keep on researching and keep you posted on any changes. Therefore, we encourage you to be on the lookout for our updates. 

Best Forex Brokers with Micro Accounts in Spain

eToro
XTB
XM

Commission

Withdrawal Fee

€25

$0

$ 0

Minimum Deposit

€100

$250

$5-100

Time to Withdraw

1 Day

1+ Day

1 Day

How Many Cryptocurrencies

16 (plus pairs)

12 (plus pairs)

Mobile App

Regulation

CySEC

FSCA

FCA, BaFin, CNMV, CONSOB, ACP

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs

WHAT MAKES the Best Forex Brokers with Micro Accounts in Spain?

If you are a retail investor with a low budget, then these forex brokers will suit your needs. Our research has confirmed that they are by far the best forex brokers with micro accounts in Spain. Although any trader can use these brokers, they are best suited for beginners who are still familiarising themselves with the forex markets.

A broker that offers a micro account should also have many research tools, like the ones we recommend. That way, you will be able to learn more and improve your experience.

Also, these brokers have reliable customer support which will be at your disposal, should you need any clarification.

Overall, our research has led us to conclude that the best forex brokers with micro accounts in Spain are eToro, XM and XTB. This is because they allow low budget investors to access their forex markets. Their features are easy-to-use and customisable, making them fit for all traders. We highly encourage you to try them using their demo accounts before signing up the live version.

What Makes a Good Forex Broker & Platform in Spain?

Spain’s massive population continues to attract forex brokers. However, not all forex brokers will allow Spaniards to invest with them. They must get approval from the National Securities Market Commission (CNMV), which is the primary and only financial regulatory authority in Spain.

We know that it is challenging to choose a safe forex broker in Spain. Not only do you expect to find a forex broker, but you will also need to find the best. To achieve this, we advise you to consider the following factors:

  • Trading instruments: We believe that a forex investor, especially beginners, would wish to try their luck on various forex instruments to see which one works best. Therefore, consider choosing a forex broker with a diverse selection in one platform.
  • Trading platform: A forex broker’s online presence is essential when choosing a brokerage firm. The trading platform should be flexible, easy-to-use, with an excellent user interface. Also, choose a broker with various research and educational resources to improve your forex trading experience.
  • Fees: This is another essential factor to consider when choosing a forex broker. In forex trading, commissions and spreads play a big part in identifying a suitable forex broker. Therefore, we strongly advise that you choose a forex broker with commissions and spreads that matches your budget.
  • Account types: Forex brokers offer various types of accounts, including micro, VIP, premium, zero spread, and fixed, to name a few. Depending on your level of expertise and preference, this is a factor that you should also  consider.
  • Customer service: Spanish is the second most spoken language globally, after English. Therefore, when choosing a forex broker, not only should you confirm their reputation, but you should also ensure that they offer their services in Spanish. 

How we Research the Forex Brokers

In this “best forex brokers and platforms” guide, we tested each broker, and reviewed honest user reviews, and ranked the best forex brokers in Spain. Our team of experts spent more than 150 hours researching, making sure that we get the best results, without being biased.

Our researchers have the necessary skills to conduct successful research. In fact, most of us to-date are investors in some of the brokers we recommend here. Note that we do not rely on our findings only. We combine them with user reviews that we get from Google Play and the App Store. We do this because we want to give our readers accurate information to make informed decisions.

As mentioned in our guide above, Spain has stringent trading regulations. When doing our research, we also kept this factor in mind to determine the best forex broker. The brokers we recommend for Spaniards are all regulated by the National Securities Market Commission (CNMV). They are also licensed and regulated by top-tier international authorities, such as the Financial Conduct Authority (FCA), and the Securities and Exchange Commission (SEC).

Remember that when a forex broker possesses more than one brokerage license, it further proves their credibility as one of the safest in the industry.

Our research is based on multiple processes. We test the forex brokers by signing up their demo or free trial accounts. We then trade on these platforms, just like any other investor. Once we have shortlisted our most preferred brokers, we go through the same process again to make sure we know which one has better features and perform the best. We also go through all customer reviews on Google Play and the App Store. Only then do we make our final decision and share it with our readers.

The trading markets keep changing due to technological advancements. With these changes, new brokers are introduced into the market. Since the new brokers have more updated trading platforms, it forces the existing forex brokers to also update theirs. These updates can have significant effects on the features and performance of these platforms. Therefore, when the change happens, we make sure that we also update our reviews on them. 

Tested Platforms & Brokers - And By Who
  • eToro
  • Markets.com
  • 24Option
  • IQ Option
  • BDSwiss
  • HotForex
  • Trade.com
  • Libertex
  • Plus500
  • XTB
  • InstaForex
  • IG Markets
  • GKFX
  • LionsFX
  • Valutrades
  • XM
  • IronFX
  • Blackwellglobal
  • FPmarkets
  • Amana Capital
  • Admiral Markets
  • Alvexo
  • Bizintra
  • Pepperstone
  • Windsorbrokers
  • HYCM
  • ForexTime
  • FXPro
  • FXGrow
  • AAAtrade
  • Markets
  • IFC
  • iForex
  • FXCM
  • Markets
  • CMC
  • LCG
  • Forex.com
  • Oanda
  • FXCC
  • Finmaxbo
  • Marketscube
  • Trader.online
  • Teletrade
Adam Jarfjord
Senior Editor
With several years of experience writing financial copy combined with an avid interest in forex trading, Adam possesses a superb understanding of the industry.

FAQs

Is forex trading legal in Spain?
Yes. Forex trading is legal in Spain as long as you are investing in a forex broker that is licenced and regulated by highly regarded authorities, such as the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). The forex brokers should also receive authorisation from the National Securities Market Commission (CNMV) in Spain.
Are forex brokers free?
No. There is no free forex broker in the trading industry. They are all in for profits. However, you will find brokers who offer no commission charges or low trading costs.
Can I start forex trading with €10 in Spain?
Yes. There are forex brokers in Spain who do not have a minimum deposit requirement. You will also be surprised to find that they charge low deposit fees. With these brokers, you can start forex trading with as little as €10.
Do you need a bank account for forex?
Yes. Whether you are a beginner or expert in forex trading, it is essential that you have a forex-friendly bank account, where you will be depositing your profits with low commissions.
What is the minimum deposit for forex?
There is no standard amount for a minimum deposit. Forex brokers have varying minimum deposit requirements. Whereas some will require as high as €1,.000, others will only require €5.
How much do forex traders make a day?
The amount of money a forex trader can make entirely depends on an asset's volatility and margin rate for that day. Note that not every day will you take home some profit. There are also bad days where you lose.
Do I need a broker to trade forex?
Yes. With forex brokers, you will have access into the banking network where you can easily purchase currency pairs to hold.

Conclusion

Our best forex brokers and platforms in Spain have been recommended with utmost certainty in reputation. All of these brokers are legally authorised to offer their trading services to Spaniards. They also have excellent trading platforms, competitive fees, and various types of accounts.

For you to trade in Spain, you must be above 18 years old. Since forex trading is a risky investment to build your nest egg, it can be rewarding if you learn how to manage the risks that come with it. Additionally, choosing a forex broker that is suitable for your trading needs can also be a contributing factor to your success.

You have probably heard this enough times now, but choosing a broker that is regulated by top-tier authorities guarantees the safety of your investment. Remember, Spain’s trading laws also state that it is only legal to invest in a licensed and regulated broker. Therefore, not only are you securing your investment, but you are also abiding by the trading laws of Spain.

Lastly, the best forex broker in Spain should consider the needs of their potential investors. They should have a reliable and reputable customer support service that will benefit you, especially if you are a beginner. Remember that our recommended brokers are safe to invest with. Therefore, feel free to try them out using their demo or free trial accounts, before creating the live version.

Note: Should you have any questions or comments, do not hesitate to leave a message below. We promise to respond promptly.

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