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Best Forex Brokers in Spain

Usually, the brokers offering their services to EU and EEA countries are available to Spanish traders. To help you trade with the best brokers available in Spain, we have carefully analyzed factors like regulations, fees, minimum deposits, spreads, customer review, support, and additional features. Find our top 10 picks below.

Order by
11TradeQuo trusted Investor protectionBonus30% deposit bonusMultilingual Customer SupportMin deposit $1Max leverage UnlimitedRegulated by FSA, FSU, SCA +1Add to compare listRating 4.5 / 5Start trading
Pros, cons & fees
24/7 Customer SupportVery High LeverageRead review
Pros

  • Multiple Regulations: Multi-regulated broker with licenses from Seychelles (FSA), South Africa (FSCA), Dominica (FSU), and UAE (SCA).

  • Extremely High Leverage and Low Trading Costs: You can trade with up to 1:1000, 1:2000, and even “limitless” on special accounts with negative balance protection available. TradeQuo offers spreads as low as zero pips on some major pairs (depending on the account type).

  • Extensive Range of Tradable Assets: The broker gives you access to 350+ tradable instruments over forex, stocks, indices, commodities, and cryptocurrencies.

Cons

  • Not Available in Certain Jurisdictions: The company does not accept clients from US, EU, UK, and Canada among others due to regulatory restrictions.

  • No Call Support: TradeQuo does not offer call support at the time of writing this review.

  • Islamic Account Option Only Available on Request: Islamic accounts are available but not as a standard account type. They are only available upon request.

Withdrawal fee $0Deposit fee $0
12Neomarkets trustedBonus25% deposit bonusBest Execution On TransactionsMin deposit $20Max leverage 1:500Regulated by FIUAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
24/7 instant money withdrawalAffiliate ProgramRead review
Pros

  • NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.

  • NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.

  • NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.

Cons

  • NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.

  • To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.

  • NeoMarkets' website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.

Withdrawal fee $0 (conditions apply)Deposit fee $0
13ActivTrades trustedBonusUp to $500 refer-a-friend rewardBest For Instrument Specific InsightsMin deposit 0$Max leverage 1:400 (1:30 for EU)Regulated by FCA, AMFAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Solid Regulatory Oversight

  • Fast Execution Speeds

  • Innovative Trading Tools

Cons

  • Limited Asset Range

  • Commissions and Fees

  • Mixed Customer Support Reviews

Withdrawal fee 0$Deposit fee 0$
14Orbex trustedBonusUp to $1,000 cashbackBest For Low SpreadsRegulated by CySECAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
Specialized trading accounts24/7 instant money withdrawalRead review
Pros

  • Strong Regulatory Oversight

  • Several Trading Platforms Offered

  • Several Account Options

Cons

  • Variable Spreads on Starter Account

  • High Minimum Deposits for Premium and Ultimate Accounts

  • Some Users Reported Withdrawal Issues

15Vantage trustedBonus50% deposit bonusBest For Online CFD TradingMin deposit $50Max leverage 1:2000Regulated by ASIC, FCA, FSA +1Add to compare listRating 4.5 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accounts24/7 instant money withdrawalRead review
Pros

  • Low Trading Fees

  • Multiple Regulatory Licenses

  • Advanced Copy Trading Options

Cons

  • High Minimum Deposit for Pro ECN Account

  • Limited Product Range

  • Mixed Customer Service Reviews

Withdrawal fee $0 (external fees may apply)Deposit fee $0
16MultiBank Group trustedBonus25% deposit bonusBest Gold BrokerRegulated by ASICAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accounts24/7 instant money withdrawalRead review
Pros

  • Highly Regulated and Trustworthy

  • Excellent Asset Selection

  • Multiple Account Types

Cons

  • High Minimum Deposit for Best Conditions

  • Limited Educational Resources

  • Occasional Customer Support Delays

17Strifor trusted Investor protectionBonusDeposit Bonus by Strifor VIP ClubIslamic Swap-Free AccountMin deposit $0.1Max leverage 1:500Regulated by FSCAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
Specialized trading accountsBonus OfferLoyalty ProgramRead review
Pros

  • One notable advantage is the availability of an Islamic account, which adheres to Sharia law and allows for interest-free trading.

  • The broker provides multiple account types, including Basic, Advanced, Professional, and Islamic, each catering to different levels of experience and financial capabilities.

  • Customer support at Strifor is accessible through several channels, including phone, email, Telegram, and WhatsApp, ensuring that help is available when needed.

Cons

  • One significant risk is the potential non-return of funds in crypto payments, which may concern traders who favor digital currencies for transactions.

  • The broker offers a singular trading platform, limiting choices for users who might prefer alternatives.

  • The broker's services are not available to residents of the United States, restricting access for a significant portion of potential clients.

Withdrawal fee 1%Deposit fee $0
18TIOmarkets trusted Investor protectionBonusLoyalty Deposit Bonus by TIOmarkets800+ Stocks and Multiple MarketsMin deposit $20Max leverage 1:500 - Unlimited (Terms apply)Regulated by FSA, MISA, FCAAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
Low Minimum DepositUnlimited LeverageCopy and Islamic TradingRead review
Pros

  • Unlimited Leverage: Traders can access unlimited leverage on the Standard account through MT5, subject to the broker's terms and conditions.

  • Commission-Free Trading: Traders can trade with $0 commission per lot on TIOmarkets’ Standard and VIP Black accounts.

  • Low Trading Costs: Raw spreads start from 0.0 pips on the Raw account while Standard and VIP Black accounts offer commission-free trading.

Cons

  • Unlimited Leverage Has Restrictions: The broker can reduce available leverage during high-impact news events and around weekends.

  • Higher Minimum Deposit on Some Accounts: Raw requires $250, while VIP Black requires a minimum deposit of $1,000.

  • Bonus Availability: The 30% loyalty bonus comes with specific terms and is available only under certain conditions.

Withdrawal fee $0 for withdrawals of $20 or more (conditions apply)Deposit fee $0 for deposits of $20 or more
19ADMIRAL MARKETSBonusPro. Cashback Program by Admiral MarketsBest Investor EducationRegulated by FCA, CySEC, ASIC +2Add to compare listRating 4.4 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Regulated by Top-Tier Authorities

  • Excellent Educational Content

  • Competitive Pricing on Some Account Types

Cons

  • Inactivity Fee

  • No 24/7 Customer Support

  • Limited Product Portfolio for Some Account Types

20Pepperstone Investor protectionBonusUp to AUD $40,000 refer-a-friend rewardBest For Low CommissionsRegulated by ASIC, FCA, BaFIN +1Add to compare listRating 4.4 / 5Start trading
Pros, cons & fees
Free VPS hosting24/7 instant money withdrawalSpecialized trading accountsRead review
Pros

  • Strong Regulatory Oversight

  • Fast Execution Speeds

  • Wide Range of Trading Instruments

Cons

  • Platform Complexity for Beginners

  • Limited Educational Resources for Advanced Traders

  • Limited Demo Account Access

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Our ranking methodology and selection process

Yes, forex trading is legal and accessible to both seasoned and new traders in Spain. Brokers with EU-based regulations, other tier 1 regulations, tier 2 or 3 regulations, and offshore regulations, and even unregulated brokers can offer their services to Spanish traders. However, trading with an EU-regulated broker or a broker with CNMV regulation adds multiple layers of security for the traders. Such brokers have limitations on the maximum leverage (1:30) which may not be very tempting but is also less risky on the flip side. It is important to note that profits made on forex trading are taxable by 19 to 26% by the Spanish government. 

What Forex Trading Platforms are Regulated in Spain?

CNMV (Comisión Nacional del Mercado de Valores) is Spain’s financial regulatory body responsible for ensuring a fair and transparent trading environment. Being part of the EU, brokers regulated under EU regulations and MiFID II are compliant with the country’s regulatory body and are deemed more secure options. Brokers like FXPro, XM, Forex.com, FP Markets, and Orbex are examples of some brokers you can consider ones regulated in Spain. To only see regulated brokers here, please use the regulated filter at the top of the listings. 

How to Start Forex Trading in Spain?

Trading is risky and does not always guarantee profits. In fact, most traders lose money on trading instead of making any profits. Therefore, it is important to acquaint yourself with trading in order to lower risks and chances of mistakes. Following are the steps you should take to start forex trading in Spain:

  1. Research is a crucial step. Developing an understanding of trading terminologies, trading strategies, trading conditions, etc., should be your priority before you spend a single euro on trading. You can find helpful resources on our Forex Basics and Forex for Beginners blog categories.
  2. Select a reputed and trustworthy broker like the ones we have listed. 
  3. You can test your strategies on demo accounts. This way, you will not incur any losses during initial learning.
  4. Start trading with small investments and then scale over time.