The Best Forex Brokers in Spain 2021

If you’re looking for the best forex brokers in Spain, it can be quite difficult to know where to start. There’s plenty of choice for all different types of forex traders, so finding a broker to suit your needs perfectly takes a little research.

Fortunately, we’re here to help. Our Spanish forex broker experts have worked hard reviewing hundreds of different sites, to bring you a complete list of those which offer the best trading experiences.

All of our recommended Spanish brokers are fully regulated, reputable, and fair. They offer specific benefits to Spanish traders too, such as offering competitive spreads on EUR pairs and crosses and offering professional accounts in line with European guidelines.

Use our list below to register at the best Spanish forex brokers today, or continue reading to learn about:

  • Which regulatory bodies oversee the best forex brokers in Spain
  • What benefits Spanish forex brokers offer
  • What you can expect from the best forex brokers in Spain

Our list of the best forex brokers in Spain are:

  • FXCM
  • FXTM
  • Alpari
  • AvaTrade
  • FOREX.com
  • easyMarkets
  • Plus500
  • FPMarkets
  • XM Group
  • XTB

Best and most trusted forex brokers in Spain January 2021

All the brokers below have been ranked using our tested methodology and are available in: Spain
Advertiser disclosure Information
96.8
Points
Users
Used by
200,000+ Traders
Min. Deposit
$100
Bonus
Up to 20%
Help!
Exit tooltip
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Min. Spread
0.6pips
Max. Leverage
1:400
Currency Pairs
55
Regulated By
FSCAFSCA
ASICASIC
IIROCIIROC
FSCFSC
Customer Support
24/5
96.5
Points
Users
Used by
1,800,000 Traders
Min. Deposit
$10
Bonus
Cashback (T&Cs apply) - 30% Welcome Bonus (T&Cs Apply)
Help!
Exit tooltip
Trading Instruments
250+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker/ECN
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Min. Spread
1.2pips
Max. Leverage
1:2000
Currency Pairs
59
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
FSCFSC
Customer Support
N/A
94.7
Points
Users
Used by
100,000+ Traders
Min. Deposit
$50
Bonus
No Information
Help!
Exit tooltip
Trading Instruments
2,200+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
STP/NDD
Trading Platforms
No Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
No Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, Revolut, PayPal and more
Min. Spread
3pips
Max. Leverage
1:400
Currency Pairs
47
Regulated By
FCAFCA
CySecCySec
Customer Support
24/5
96.5
Points
Users
Used by
100,000+ Traders
Min. Deposit
$50
Bonus
No Information
Help!
Exit tooltip
Trading Instruments
60+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
No Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Check Private
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Union Pay
Min. Spread
1.3pips
Max. Leverage
1:400
Currency Pairs
39
Regulated By
FCAFCA
FSCAFSCA
ASICASIC
Customer Support
24/7
92.8
Points
Users
Used by
1,000,000+ Traders
Min. Deposit
$100
Bonus
up to 5,000
Help!
Exit tooltip
Trading Instruments
300+
Help!
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures. Exit tooltip
Type of Brokers
Market Maker
Trading Platforms
Check MT4
Help!
Platform for trading Forex, analysing financial markets and using expert advisors. Exit tooltip
Check MT5
Help!
Multi-asset platform for trading Forex and CFDs. Exit tooltip
Check Mobile App
Check WebTrader
Help!
Trade online without downloading any software. Exit tooltip
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Min. Spread
1.8pips
Max. Leverage
1:200
Currency Pairs
69
Regulated By
FCAFCA
CySecCySec
CIMACIMA
Customer Support
24/5

Spanish Financial Trading Regulation

The top thing a trader should know about the financial trading activity in a certain country is who is responsible for the local Forex regulation. The cases are usually two – Forex market is either handled by the general agency that is fully responsible for all the financial services in a country (for instance, for the bank, insurance and other similar services) or it is handled by an authorized independent Forex agency that is in charge for Forex activity only. Here, in Spain, we observe the first case – a general agency that observes the whole financial world of the country. The regulator of Forex market here is Comision Nacional del Mercado de Valores, which is also well-known by the abbreviation CNMV. It is an independent government agency that is in charge to regulate all financial securities in the country.

The Ministry of Economy and Finance of Spain revises the job that CNMV does and in case of a need, it has the full right to interfere with the agency`s work. CNMV is formed in 1988, which makes it one of the oldest financial regulators among the whole world. According to the Law Act of 24/1988 the agency was settled to secure the whole Forex market, including the financial operations that are made by both – ordinary people and bigger investors. Today, traders can also turn to the agency in case of a problem, but CNMV is also in charge to make the transparency of brokers` work possible. However, once Spain became a member of the European Union, the financial regulatory framework as adopted by the CNMV must be in compliance with EU standards, too.
Here is what CNMV does for Forex market and activity in Spain:

  • controls the brokers as to the securities on primary markets
  • responds to inquiries and disputes that are made by traders or individual brokers against other brokers or against customers that violate the national laws or the rules that are officially established by the certain broker
  • provides official licenses to brokers to step regularly and according to the law on the national Spanish and the global Forex market
  • makes penalties for people or companies, who violate the laws that concern the financial activity inside the Spanish territory

How to Find a Decent Forex Broker in Spain

Thankfully, due to the great Countryjob in the financial sphere of the country, here in Spain, it is very possible and easy to find a decent financial trading platform or website. Here are some things, though, that can help you filter the best among them:

  • Look only for officially regulated and licensed by CNMV Forex brokers. Always check for availability of license.
  • Do not make compromises with the small abundance of trading instruments, currencies to operate your account with or payment methods to choose from because these are the main important things you activity is relied on
  • Try to find a broker with interesting bonuses and special extras like different Forex contests and etc
  • Make sure your experience level corresponds to the level of the broker, itself. However, please, note that most of Forex brokers in Spain are fully oriented to both – advanced traders and beginners in the field. The beginners, as a matter of fact, should consider a broker in Spain with learning centres or education tips.

 

Do not hesitate to test your financial trading skills in a Spanish Forex broker. Here, in Spain, the safety is on a very high level and the great opportunities for great winnings are numerous. Try them out right away! Good luck!