Best Forex Brokers in Spain for 2026
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
XM - Wide range of trading assets. Extensive educational resources. Tight spreads on the Ultra Low account. - 3
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. - 4
Eightcap - Support for popular platforms MT4, MT5, and integration with TradingView. Over 800 trading instruments, including 160+ cryptocurrency CFDs. Regulated by ASIC, FCA, CySEC, and SCB. - 5
Tickmill - Low trading fees. Variety of trading platforms. Extensive library of educational materials and analytical tools. - 6
FxPro - Various trading platforms. A diverse range of available markets and products. Multiple analytics tools. - 7
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Deriv - Simple and fast account opening process. A wide variety of account types cater to different trading needs. Low commission structure. - 9
HF Markets - Regulated by reputable financial authorities. Wide selection of trading assets. A variety of educational materials and analytical reviews. - 10
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.
Comparison of the Best Forex Brokers in Spain
| Broker | AvaTrade | XM | FP Markets |
|---|---|---|---|
| Rating | 4.7/5 | 4.7/5 | 4.7/5 |
| Foundation Year | 2005 | 2009 | 2005 |
| Regulated in Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Belize, Cyprus, Australia, South Africa, United Arab Emirates, Mauritius, Seychelles | Australia, Cyprus, South Africa, Saint Vincent and the Grenadines, Seychelles |
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| Minimum Deposit |
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| Trading Accounts |
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| Spread | from 0.6 points | from 0 points | from 0 points |
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| Review | AvaTrade Review | XM Review | FP Markets Review |
| Broker Comparison | |||
| Register | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds |
List of the Best Spain Forex Brokers for 2026
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. 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
- Inactivity fee.
- Standard account has a higher spread than the market average.
3. 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.
4. Eightcap
Eightcap is a modern broker with reliable regulation, convenient MT4, MT5, and TradingView platforms, and a wide selection of instruments, including over 160 cryptocurrency CFDs. It suits traders who value technology, fast market access, and competitive trading conditions. The broker will be especially interesting for active traders and those who use CFD instruments, but is less convenient for investors seeking passive trading solutions.
Pros and Cons of Eightcap
Pros
- Support for popular platforms MT4, MT5, and integration with TradingView.
- Over 800 trading instruments, including 160+ cryptocurrency CFDs.
- Regulated by ASIC, FCA, CySEC, and SCB.
- Convenient deposit and withdrawal methods with no fees.
- Modern analytics tools: AI economic calendar and FlashTrader for MT5.
Cons
- No cent or Islamic accounts.
- No passive trading solutions (copy trading, PAMM).
5. Tickmill
Tickmill offers high-quality services and conditions for trading on the international Forex market. With reliable regulation, access to popular trading platforms, and comprehensive educational and analytical materials, Tickmill becomes an attractive choice for traders of different experience levels.
The broker is suitable for novice traders, thanks to accessible educational materials and the ease of opening an account, as well as for experienced traders who value low spreads, platform stability, and a variety of trading instruments.
Pros and Cons of Tickmill
Pros
- Low trading fees.
- Variety of trading platforms.
- Extensive library of educational materials and analytical tools.
Cons
- Not enough different types of trading accounts.
6. 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.
7. 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.
8. 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.
9. 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.
10. Admirals
The broker Admirals is suitable for a broad spectrum of traders. With its strict regulation, various account types, and a competent set of educational and analytical materials, this broker provides high-quality services for novice and experienced traders.
Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker. Experienced traders will also find it beneficial due to competitive trading commissions, abundant tools for analysis and trading, and the convenience of the depositing and withdrawal process.
Pros and Cons of Admirals
Pros
- Low trading fees.
- Wide range of payment methods.
- Extensive analytical resources.
- A rich collection of educational materials.
Cons
- Inactivity fee.
- Some users complain about the intrusiveness of the support service.
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.
