Best Forex Brokers in Spain for 2025
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the best Forex brokers in Spain based on our analysis:
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AvaTrade - Best Forex broker in Spain - A wide selection of financial assets. Innovative trading platforms. Highly rated educational resources. - 2
FP Markets - Robust regulation, serious fund protection plus segregated accounts in AA banks. Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server. Rich selection of trading platforms. - 3
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 4
Libertex - Tight spreads and attractive trading conditions. Wide selection of trading assets. Rich selection of educational materials and analytics. - 5
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HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews. - 7
Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure. - 8
ActivTrades - Wide range of trading assets. A wide variety of trading platforms. Extensive training materials including webinars, videos, articles and guides. - 9
XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account. - 10
HYCM - Well-regulated broker. An extensive set of educational materials. Diversity of trading assets.
This comprehensive guide is designed to help you find a broker that perfectly matches your trading strategy while prioritizing the protection of your investments. Each broker listed here excels with their unique features, advanced technology, and stringent security protocols, ensuring an outstanding trading experience in Spain's dynamic Forex market.
List of the Best Forex Brokers in Spain in 2025
1. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
2. FP Markets
FP Markets successfully combines a strict licensing framework, a fast ECN order book with zero spreads, a rich selection of platforms — ranging from classic MT4/5 to TradingView and Iress DMA — and a developed analytics, education, and 24/7 support infrastructure. This combination makes the broker attractive for active scalpers and algorithmic traders who value speed and moderate commission per lot, as well as for investors preferring copy trading, PAMM/MAM, or DMA stocks via Iress. Beginners will benefit from a low entry of 100 AUD, online courses, and no inactivity fees.
Pros and Cons of FP Markets
Pros
- Robust regulation, serious fund protection plus segregated accounts in AA banks.
- Competitive trading conditions: spreads from 0 pip, commission 6 USD/lot; execution ≈ 20 ms on the NY4 server.
- Rich selection of trading platforms.
- Wide range of instruments.
- Numerous deposit/withdrawal methods.
- Strong analytics and education.
- 24/7 support.
Cons
- Lack of cent accounts and fixed spread accounts.
- Some analytical materials and software are accessible only with a deposit or trading volume.
3. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
4. Libertex
Libertex is an established broker offering various trading instruments and educational resources. With zero commission on deposits and various analytical tools, this broker can appeal to novice and experienced traders.
Pros and Cons of Libertex
Pros
- Tight spreads and attractive trading conditions.
- Wide selection of trading assets.
- Rich selection of educational materials and analytics.
Cons
- High swaps and inactivity fee.
5. Plus500
Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.
Pros and Cons of Plus500
Pros
- Diversity of trading assets.
- Intuitive trading platform.
- 24/7 support.
- Built-in analytics.
Cons
- Limited channels for communication with technical support.
- Limited choice of trading accounts.
6. HF Markets
HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels.
HF Markets is recommended for those seeking a trustworthy and vetted broker with favorable trading conditions and customer support.
Pros and Cons of HF Markets
Pros
- Regulated by reputable financial authorities.
- Wide selection of trading assets.
- A variety of educational materials and analytical reviews.
Cons
- There is no alternative to MetaTrader.
- High swaps and wide spreads.
7. Deriv
Deriv is an appealing choice for a wide array of traders, particularly those who are just beginning or are at an intermediate level. Its user-friendly approach, diverse platforms, and low-cost structure make it ideal for individuals seeking a straightforward trading experience. While it may not fully satisfy the needs of highly advanced traders due to some limitations in educational and analytical resources, Deriv's overall offering is solid, making it a reliable and accessible broker for most trading requirements.
Pros and Cons of Deriv
Pros
- Simple and fast account opening process.
- A wide variety of account types cater to different trading needs.
- Low commission structure.
- A wide range of trading platforms.
- High-quality technical support with fast and effective responses.
Cons
- Some essential asset classes are absent, and a limited number of CFDs on stocks exist.
- Educational materials are confined to a blog and lack comprehensive learning resources.
8. ActivTrades
ActivTrades is suitable for beginner traders who value simplicity and intuitive trading platforms, as well as a variety of educational materials to improve their skills. Moreover, this broker can be a suitable option for experienced traders who prefer to trade various instruments and use the powerful features of the MetaTrader 4, MetaTrader 5 and TradingView platforms.
However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.
Pros and Cons of ActivTrades
Pros
- Wide range of trading assets.
- A wide variety of trading platforms.
- Extensive training materials including webinars, videos, articles and guides.
- Professional Support Team.
Cons
- Lack of diversity in trading accounts.
9. XM
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
10. HYCM
HYCM is one of the Forex and CFD market leaders whose reputation is backed by strict regulation by major financial authorities such as the FCA, CySEC and DFSA. This ensures high protection of the client's funds and compliance with regulatory standards. The broker offers a wide range of trading platforms, including MetaTrader 4 and MetaTrader 5, recognized as some of the most reliable and functional in the industry. The variety of trading instruments available allows you to create a diverse investment portfolio, while a rich selection of educational resources supports traders at all stages of their professional development.
HYCM will be most suitable for traders looking for reliability and diversity in the toolkit without worrying about high commissions and a lack of innovative platforms. This broker is ideal for experienced traders who can use the analytical and educational resources provided to improve their trading strategies.
Pros and Cons of HYCM
Pros
- Well-regulated broker.
- An extensive set of educational materials.
- Diversity of trading assets.
Cons
- Absence of proprietary trading platform.
- No social trading.
Regulation of Forex Brokers in Spain
In Spain, the activity of Forex and CFD brokers is governed by stringent rules and regulations designed to protect investors, ensure the integrity of trading operations, and maintain financial stability. The primary regulatory authority in the country is the National Securities Market Commission (CNMV), which establishes and enforces compliance standards for financial institutions, including Forex brokers.
The CNMV diligently ensures that brokers comply with norms related to the transparency of financial operations, the segregation of client funds, and the provision of accurate risk information. This includes mandatory risk warnings and limitations on leverage, which help reduce the likelihood of significant losses for traders.
Additionally, Spain adheres to European Union legislation, including the Markets in Financial Instruments Directive (MiFID II), which promotes the harmonization and efficiency of financial markets across Europe. This provides further protection for investors by establishing standards for operational transparency and risk management.
This comprehensive regulatory framework makes Spain one of the most reliable and secure markets for Forex trading. Thanks to strict regulations, Spanish traders can trust in the protection of their interests and the stability of their interactions with brokers, creating optimal conditions for successful Forex trading.
How We Compiled the List of Top Forex Brokers in Spain
Our approach to identifying the leading Forex trading platforms in Spain involved meticulous precision and a comprehensive set of benchmarks:
Thorough Research and Evaluation: We started by assembling an extensive list of Forex brokers that met our predefined criteria. Each broker was meticulously scrutinized through a detailed evaluation methodology to assess their services and operational efficiency in an unbiased manner.
Regulatory Adherence: We focused on brokers regulated by recognized financial authorities such as the Comisión Nacional del Mercado de Valores (CNMV) and other reputable European regulators like the CySEC, BaFin, or CONSOB. This ensures the brokers operate transparently and comply with stringent financial standards.
Trading Conditions and Platforms: We evaluated brokers based on their trading conditions, including spreads, fees, minimum deposits, and the variety of trading instruments available. The quality and usability of their trading platforms were also assessed, with a preference for those offering popular platforms like MetaTrader 4 and MetaTrader 5, as well as proprietary platforms with advanced features.
Customer Support and Localization: The quality of customer support was a key factor, particularly the availability of support in Spanish and accessible communication channels. We also considered brokers that offer localized services, such as websites and educational resources in Spanish, to better serve Spanish traders.
User Feedback: We incorporated genuine feedback from traders who have used these brokers to provide a well-rounded view of each broker's strengths and weaknesses. This includes aspects like ease of use, customer service experiences, and overall satisfaction.
FAQ
Is Forex trading legal in Spain?
Yes, Forex trading is legal in Spain. It is regulated by the Comisión Nacional del Mercado de Valores (CNMV), ensuring that brokers operate within strict guidelines to protect traders.
Who is the best Forex broker in Spain?
The best Forex broker in Spain can vary depending on individual needs. Some top-rated brokers include IC Markets, Pepperstone, and AvaTrade, known for their reliability, comprehensive platforms, and excellent customer service.
How to start Forex trading in Spain?
To start Forex trading in Spain, follow these steps:
Choose a regulated Forex broker for beginners.
Open a trading account.
Verify your identity and complete KYC procedures.
Fund your account.
Download and set up a trading platform.
Begin trading with a demo account before moving to live trading.
Which Forex broker offers the lowest fees?
Brokers like IC Markets and Pepperstone are known for offering competitive fees, including low spreads and minimal commissions. Always compare the fee structures of different brokers to find the best option.
Can I trade Forex via mobile in Spain?
Yes, most brokers offer mobile trading platforms, allowing you to trade Forex on the go. Popular platforms include MetaTrader 4 and MetaTrader 5, as well as proprietary mobile apps from brokers like AvaTrade and CMC Markets.
What Forex pairs can I trade in Spain?
You can trade a wide range of Forex pairs in Spain, including major pairs like EUR/USD, GBP/USD, USD/JPY, and minor and exotic pairs depending on the broker you choose.
Do Forex traders need a license in Spain?
Forex traders in Spain do not need a license to trade. However, it is crucial to choose a broker that is licensed and regulated by the CNMV or other reputable regulatory bodies.
Can I trust Forex brokers in Spain?
Yes, if they are regulated by the CNMV or other recognized international regulatory bodies like the FCA, ASIC, or CySEC. Regulatory oversight ensures that brokers adhere to strict standards and practices.
What is the best time to trade Forex in Spain?
The best time to trade Forex in Spain is during the overlap of the London and New York sessions, from 1:00 PM to 5:00 PM GMT, when market liquidity and volatility are highest.
Is Forex trading considered gambling?
No, Forex trading is not considered gambling. It involves analyzing market conditions, economic indicators, and using trading strategies. However, it carries risk, and traders can incur losses.
Which platform is best for Forex trading in Spain?
MetaTrader 4 and MetaTrader 5 are among the best platforms for Forex trading in Spain due to their advanced features, user-friendly interface, and widespread use. Many brokers also offer their own proprietary platforms.
Can I make a living from Forex trading in Spain?
Yes, it is possible to make a living from Forex trading in Spain, but it requires significant knowledge, experience, discipline, and risk management. Many traders start part-time and gradually increase their trading activities.
How to choose the best Forex broker in Spain?
Consider factors such as regulatory compliance, trading conditions (spreads, fees, minimum deposits), trading platforms, customer support, and user reviews. Start with a demo account to test the broker's services.
What are the safest Forex brokers in Spain?
The safest Forex brokers in Spain are those regulated by the CNMV or other reputable regulatory bodies. Brokers like Pepperstone, AvaTrade, and CMC Markets are well-regarded for their safety and reliability.
