The best stock brokers and trading platforms in Spain

If you are reading this guide, you probably must be looking for the best stock brokers in Spain. Whereas there are plenty of choices, it could take you hours to find the right broker, which can be exhausting. 

Fortunately, we have made the search process easier for you by recommending the best brokers who have undergone thorough testing and research. All the brokers you find here are reputable and safe. You will enjoy lots of benefits with our best stock brokers in Spain, such as competitive spreads on euro pairs and intuitive design trading platforms.

So, let’s look at our best brokers and platforms in Spain. Feel free to compare their services and choose your match.

Best Stock Brokers in Spain

IG Markets
eToro
Plus500

Spread for Bitcoin

6 pips

0.75%

Variable

Spread for USD/EUR

1 pip

3 pips

Variable

Spread on Amazon

Min. $2

0.09%

Variable

Commission

Withdrawal Fee

0%

€25

€0

Minimum Deposit

$250

€100

€100

Time to Withdraw

1-3 Days

1 Day

1-3 Days

How Many Cryptocurrencies

16 (plus pairs)

12 (CFD)
Availability subject to regulation

How Many Currency Pairs

80+

47

70+ (CFD)

How Many Stocks

12,000+

1,000+

1,500+ (CFD)

Platform

MetaTrader 4 + DMA

eToro + eToroX

Plus500

Mobile App

24/7 Support

Regulation

ASIC

CySEC

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 Stock Brokers in Spain

The above-recommended stock brokers have proven to be the best in Germany because of their efficient trading platforms that offer various financial assets. Based on our extensive research findings, all these brokers are licensed and regulated by top-tier authorities, including the National Securities Market Commission (CNMV) and the Cyprus Securities and Exchange Commission (CySEC).

A good stocks broker should have a sufficient number of stocks listed. The three above have all the necessary instruments and support derivative and non-derivative trading, which is a bonus point.

Additionally, our researchers did not forget to try their mobile applications. The features on their platforms are easy-to-use with an intuitive interface. These improvised trading features allow you to manage your trading activities effectively.

Overall, IG Markets, eToro, and Plus500 are by far the best stock brokers in Spain. Although their trading charges vary, we must admit that they all have the best resources and educational tools to improve your trading experience. Feel free to try them first with their demo accounts before creating a live version.

Most Popular Stock Brokers in Spain

eToro
IG Markets
Plus500

Spread for Bitcoin

0.75%

6 pips

Variable

Spread for USD/EUR

3 pips

1 pip

Variable

Spread on Amazon

0.09%

Min. $2

Variable

Commission

Withdrawal Fee

€25

0%

€0

Minimum Deposit

€100

$250

€100

Time to Withdraw

1 Day

1-3 Days

1-3 Days

How Many Cryptocurrencies

16 (plus pairs)

12 (CFD)
Availability subject to regulation

How Many Currency Pairs

47

80+

70+ (CFD)

How Many Stocks

1,000+

12,000+

1,500+ (CFD)

Platform

eToro + eToroX

MetaTrader 4 + 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 Most Popular Stock Brokers in Spain

There are essential factors that we considered when analysing the most popular stock brokers in Spain. First, we make sure that popular stock brokers in Spain are regulated by the National Securities Market Commission (CNMV). In case they have other licenses from top-tier authorities, it proves their credibility even further.

Our recommended brokers are known to provide exceptional service when it comes to deposits and withdrawals. They also allow both bank transfers and e-wallet payment methods.

Additionally, our recommended stock brokers have an international presence. This means that they can allow investors from various countries globally, including Spain. They also have reputable customer support with multiple communication channels, making it easier for you to reach out in case of any question or clarification.

Note that what makes a broker popular in Spain is its trading platform. Although this is one of the most challenging parts of our research, we usually test these platforms by signing up for demo accounts. We take our time comparing them because as traders, we understand how it feels to have a broker that limits your abilities in your corner.

eToro, IG Markets, and Plus500 have undergone these tests by our experts. We believe that they all have cutting-edge platforms that are fast and efficient.

Best Free Stock Trading Platforms in Spain

eToro
Plus500
XM

Commission

Withdrawal Fee

€25

€0

$ 0

Minimum Deposit

€100

€100

$5-100

Time to Withdraw

1 Day

1-3 Days

1 Day

How Many Cryptocurrencies

16 (plus pairs)

12 (CFD)
Availability subject to regulation

Platform

eToro + eToroX

Plus500

MetaTrader4, XM Webtrader

Mobile App

24/7 Support

Regulation

CySEC

FCA, CySEC, ASIC, MAS

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 Free Stock Trading Platforms in Spain

Our extensive research from dozens of stock trading platforms has led us to believe that eToro, Plus500, and XM are the best free stock trading platforms in Spain. 

Note that there is no free stock broker out there. However, there are brokers with very competitive trading charges. You will find that whereas some stock brokers charge high trading and non-trading fees, others will charge low with no non-trading costs. This is what we based our research on when determining the best free trading platforms in Spain.

All our recommended brokers do not charge account opening fees. Although they may require a minimum deposit, we advise that you first confirm your budget before making a commitment.

We can’t leave without saying how incredible their trading platforms are. Whether you are using a web or mobile device, they allow you to use advanced features such as leverage, where you borrow money from your broker to trade.

To test the brokers above, simply sign up for their demo accounts. You will then be rewarded with virtual funds to trade. Note that you cannot win real money with a demo account. Therefore, as soon as you confirm their efficiency, create a live version and try your luck.

Best Stock Trading Platforms for Education in Spain

eToro
XTB
IG Markets

Spread for Bitcoin

0.75%

Min. 1%

6 pips

Commission

Withdrawal Fee

€25

$0

0%

Minimum Deposit

€100

$250

$250

Time to Withdraw

1 Day

1+ Day

1-3 Days

How Many Cryptocurrencies

16 (plus pairs)

12 (plus pairs)

Mobile App

Regulation

CySEC

FSCA

ASIC

Based in

Israel

Poland

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 Stock Trading Platforms for Education in Spain

The best stock brokers should have trading platforms with many educational tools to make you a better investor. From our in-depth analysis, the above three brokers are the best if you are looking for stock trading platforms with educational resources.

eToro stands out as one of the best because of its social platform. With this broker, you get to interact, share ideas, and trading decisions on its social news feed. We can only say that this feature has set the bar high for eToro. We primarily recommend this stock trading platform to beginners even though all traders can enjoy the benefits. 

When it comes to XTB, its educational platform is clear and well organised. 

We also noticed that it has written and video materials for learning. Additionally, it offers trading platform tutorials which is a plus point.

Lastly is the IG Markets. The broker boasts of the free educational resources to help you become a successful investor. It has an interactive education platform with infographics, video courses, and quizzes that will expand your trading capabilities.

Generally, you can see that all these three benefits traders who are willing to learn. That said, look into your needs and budget before committing to these brokers. Since their trading charges vary, we can only encourage you to try their demo accounts. We hope that you will enjoy the experience just like we did.

Best Stock Trading Platforms for Professionals in Spain

Plus500
CMC Markets
XTB

Commission

Withdrawal Fee

€0

0%

$0

Minimum Deposit

€100

€0

$250

Time to Withdraw

1-3 Days

1 Day

1+ Day

How Many Cryptocurrencies

12 (CFD)
Availability subject to regulation

12 (plus pairs)

12 (plus pairs)

Mobile App

Regulation

FCA, CySEC, ASIC, MAS

ASIC

FSCA

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 Stock Trading Platforms for Professionals in Spain

Professional traders need several tools, including a well-structured trading platform, to enjoy their experience. Our expert spent hours reviewing stock brokers, and our finding indicates that these three are the best stock trading platforms for professional Spaniards.

One of the reasons why we chose these three is because their trading platforms have high execution speed. Professional traders usually invest in risky trades such as day trades and so any minute lost could cost them their trade.

We also looked into the charges that stock brokers offer.

As a trader, fees and commissions should be a concern since professional traders usually execute a large number of trades every month. Since our recommended brokers’ charges vary, we advise you to confirm if what they charge aligns with your budget.

When trading as a professional investor, you will need an advanced technical and charting analysis to help you quickly interpret market data. The best stock trading platforms above have the latest tools to make your trading experience worthwhile. They also have demo accounts, so feel free to try them before creating a live version.

Best CFD Stock Brokers in Spain

Plus500
XM
Markets.com

Commission

$ 0

Withdrawal Fee

€0

$ 0

$0

Minimum Deposit

€100

$5-100

100$

Time to Withdraw

1-3 Days

1 Day

2 to 8 days

How Many Cryptocurrencies

12 (CFD)
Availability subject to regulation

Platform

Plus500

MetaTrader4, XM Webtrader

Marketsx, Marketsi, MT4 and MT5

Mobile App

24/7 Support

Regulation

FCA, CySEC, ASIC, MAS

FCA, BaFin, CNMV, CONSOB, ACP

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 CFD Stock Brokers in Spain

Once again, all our recommended CFD stock brokers in Spain are licensed and regulated by top-tier authorities such as the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). We have also confirmed that they are legally approved by the National Securities Market Commission (CNMV) to operate in Spain.

We based our research mainly on margin and leverages. Since CFD stocks usually have high leverages, you need to be educated enough on how CFD works before venturing into it. Our recommended brokers also offer educational resources to build your personalised trading strategy.

Additionally, the best CFD brokers in Spain allow access to international markets. You will have the opportunity to explore your options and try your luck on other markets from one platform. We also make sure to check the trading fees because some stock brokers put high spreads with commissions.

Overall, the best CFD stock brokers in Spain have a user-friendly trading platform that does not limit your abilities to improve.

What Makes a Good Stock Broker & Platform in Spain

The market for online stock brokers in Spain is massive. With a wide range of stock brokers, it is challenging to identify a good broker that suits your investment needs. The first step to a successful trading experience is identifying your needs — i.e. budget, securities, among others. Once you figure this out, you can now find your best stock broker by considering the following factors.

  • Security: When choosing a stock broker, you need to look out for your investment safety. You do not want to invest your hard-earned trading capital in a broker only to realise that they are not legitimate. A legitimate stock broker must be licensed and regulated by first-class authorities such as the Financial Conduct Authority and the Cyprus Securities and Exchange Commission (CySEC). They should also be overseen by Spain’s National Securities Market Commission (CNMV).
  • Fees: This might be an obvious factor, but we advise you not to overlook it. When choosing a stock broker that fits your criteria, make sure that you can afford their fees. Always compare the charges before making a final decision.
  • Trading platform: A stock broker with an excellent online presence should be one to consider. Make sure that its trading platform has the best features that are easy-to-use and customise. The mobile application must also run seamlessly. You may need it to monitor your trades anywhere you see fit.
  • Trading instruments: We believe that stock investors, especially beginners, wish to try their luck on various stock instruments to see which one works best. Therefore, consider choosing a stock broker with diverse selection in one platform. Additionally, the brokers should have educational tools to improve your experience.
  • Customer support: When conducting our research, we also tested how responsive their customer support can be. You see, as a beginner, you mostly need guidance and clarifications on certain trading activities. So choosing a stock broker that has reliable customer support contributes a great deal to improve your experience.

 Note that our recommended brokers have gone through extensive testing and research. We advise you to consider trying them instead of going through the lengthy processes of verifying brokers’ credibility and ability to deliver the best services.

Remember, the brokers you find here are safe to invest in. You can try them using their demo accounts before proceeding to a live version.

How We Research the Stock Brokers

Now that you know the best stock brokers and platforms in Spain, we thought it would be best to share with you all the processes we go through to rate the stock brokers in Spain. For years, we have been in this industry reviewing and trading with stock brokers and know how to identify the best.

We have spent hundreds of hours ensuring that we give you the best stock brokers in Spain. Note that this process is not easy. That is why we arm ourselves with all the necessary tools, including desktop and mobile devices with all the operating systems in them.

Spain has stringent trading laws, and we respect that. While conducting our research, the first step we take is to confirm if the stock brokers have been approved by the National Securities Market Commission (CNMV) to extend their services in Spain.

We also make sure that the brokers we are about to test are licensed and regulated by first-class authorities, including the Financial Conduct Authority. Once done confirming their credibility, we proceed to try the demo accounts.

A demo account is not a real trading account, and you can not win money with it. It only works as a sample of what the real version looks like. The only difference is that it is free for usage. Our team of expert researchers signed in for membership in the demo accounts using Android, iOS, and Windows devices. We then confirmed how each stock broker and their platforms are performing on all the devices.

Once we shortlist our favourites, we put them through even more tests than we applied the first time. Only then will we be able to make our decision and choose the best.

Our final results are not just based on our findings only. We also take time to go through the honest reviews of users on Google Play and App Store. The ratings and reviews are done automatically, so there is no way we can alter the results.

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

Where can I invest stocks in Spain?
The easy way to invest in Spain is through a stock broker that gives you access to various markets. The broker you choose to invest in must be approved by the National Securities Market Commission (CNMV) to extend its services in Spain.
Does Spain have a stock market?
Yes. One of the well-known securities markets in Spain is The Madrid Stock Exchange.
Where do I start with stocks in Spain?
First, you need to identify the stock's securities. Once you’ve set a budget for your investment, proceed to find a suitable stock broker for your trading needs. Create an account through your best broker and have access to the various stock markets.
How do I start trading in Spain?
Identify the best broker that suits your needs. We suggest that you consider the ones we have mentioned above. Then proceed to create a stock trading account and make the necessary deposits. Once done, take advantage of the available stock markets and trade.
Can you learn trading by yourself?
Yes. Trading is a challenging yet lucrative venture. Therefore you should be patient when learning without a course since it usually takes a lot of time to master the trading skills.
Is my money safe in a brokerage account?
Yes. Your cash and securities in your brokerage account are safe and insured by the National Securities Market Commission (CNMV).
Is it smart to buy stocks now?
The best time to buy stocks is when the prices are low. Even though the costs will keep reducing, the chances are that they will eventually begin to rise, allowing you to sell them at a profit.

Conclusion

Finding a stock broker continues to be a challenging task for most stock traders in Spain. We have simplified the search processes by recommending the best stock brokers for you. We conducted extensive research that took us more than 150 hours, but the results are rewarding.

Everything you need in a broker is in our recommended ones. Whether you are a beginner or expert, there is a stock broker for you. All of them are also regulated by top-tier authorities such as the Financial Conduct Authority and the National Securities Market Commission (CNMV). These licenses prove that they are worth investing in.

Lastly, the brokers you see above all have a reliable mobile application. You do not need to worry about monitoring your trades once you are away from your desktop. Even day traders whose time is of essence will enjoy the trading platforms of these brokers. To confirm our reviews, we highly encourage you to try these brokers. With a demo account, you will have a taste of how the brokers work.

Note: We value your feedback and encourage you to leave a message below. We promise to respond as soon as we can.

Leave a comment