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5 Best Forex Brokers in Spain

Last Update: June 26th, 2024

Forex Brokers Spain

 

The 5 Best Forex Brokers in Spain – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Spain.

 

In this in-depth guide, you will learn:

  • The Best Forex Brokers in Spain (2024) – a List
  • The Best Forex Brokers for BeginnersForeigners, and Scalping.
  • The Best MT4/MT5 Forex Brokers in Europe
  • Is Forex Trading Legal in Spain
  • Can you trade Forex in Spain?

and much, much more!

 

5 Best Forex Brokers in Spain

 

5 Best Forex Brokers in Spain – a Comparison

🔎 Broker🚀Open an Account🤝 Accepts Spanish Traders💶 Min. Deposit (EUR)
🥇 AvaTrade👉 Click Here✅Yes92.84
🥈 XM👉 Click Here✅Yes4.64
🥉 HF Markets 👉 Click Here✅YesNone
🏅 Axi👉 Click Here✅YesNone
🎖️ Pepperstone👉 Click Here✅Yes122.58

 

5 Best Forex Brokers in Spain (2024)

  1. ☑️ AvaTrade – Overall, the Best Forex Broker in Spain
  2. ☑️ XM – Low EUR (€) Minimum Deposit Broker
  3. ☑️ HF Markets – Best Forex Broker for Beginners
  4. ☑️ Axi – Best MetaTrader 4/MetaTrader 5 Forex Broker
  5. ☑️ Pepperstone – Best Overall Offering

 

AvaTrade Review New

 

AvaTrade

AvaTrade is a Leading Forex and CFD Broker. It is regulated by various financial bodies, including the European Union, Australia, Japan, South Africa, and the British Virgin Islands. Additional Safety Measures include 256-bit SSL encryption, adherence to WebTrust standards, and, the Segregation of Client Funds.

Accounts offered include Retail, Islamic, Professional, and, Demo. The minimum deposit is 100 USD. Trading Platforms include AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and, ZuluTrade.

The following trading instruments and products are available:

  • Over 50 currency pairings
  • Precious metals
  • Exchange-traded funds (ETFs)
  • Agricultural commodities
  • Important global indices
  • Vanilla options

Moreover, Cryptocurrency trading is provided. Deposits and Withdrawals include PayPal, WebMoney, Neteller, and, Skrill.

🔎 Broker🥇 AvaTrade
💴 Minimum Deposit100 USD
🖱️ Account TypesRetail, Islamic, Professional
🪙 Base CurrenciesZAR, USD, GBP, AUD
5️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes, referral bonus
⏰ Support Hours24/5
💵 Currency Pairs51; Major, Minor, Exotic Pairs
🤝 Affiliate Program✅ Yes
🚀 Open an Account
👉 Click Here

 

AvaTrade Overview

 

Pros and Cons

✅ Pros❌ Cons
Over 1,260 instrumentsInactivity fees on dormant accounts
Fixed spreads from 0.6 pips on the Pro AccountThe demo account is available for 21 days
Islamic AccountDeposit and withdrawal options are limited
There is a free demo account availableLeverage is capped at 1:30 for retail accounts

 

Our Insights

The benefits of trading with AvaTrade include exceptional educational resources, copy trading, and, beginner-friendly platforms like AvaTradeGO.

 

XM Review

 

XM

XM is a highly regulated Brokerage Firm specializing in Forex and CFD Trading. The FSCA, IFSC, ASIC, CySEC, DFSA, and, FCA regulate it. Additional security measures include data encryption methods, SSL (Secure Socket Layer) technology, two-factor authentication (2FA), and the segregation of Client Funds.

Accounts offered are Micro, Standard, Ultra-Low, Shares, and, Demo. The minimum deposit is 5 USD. Moreover, Spreads start from 0.6 Pips, and a Leverage of up to 1:1000 is offered. All accounts are integrated with MetaTrader 4 and MetaTrader 5. Furthermore, a Mobile Trading Platform is available.

The following trading instruments and products are available:

  • 31 cryptocurrencies
  • 1,337 stock CFDs
  • 8 commodities
  • 20 equity indices
  • 5 precious metals
  • 8 distinct energy commodities

Additionally, 55 currency pairs are available, including major, minor, and exotic.

🔎 Broker🥇 XM
💴 Minimum Deposit$5 USD
🎁 Bonus Offers ✅Yes
📈 Account TypesMicro Account, Standard Account, XM Ultra-Low Account, Shares Account
⏰ Support Hours24/7
🆓 Demo Account✅Yes
🚀 Open an Account
👉 Click Here

 

XM

 

Pros and Cons

✅ Pros❌ Cons
Low Minimum depositNo social trading features available
Unlimited Demo AccountInactivity Fees

 

Our Insights

The benefits of trading with XM include direct access to 100 individual shares, instructional tools, and, trusted customer support.

 

HFM Review

 

HF Markets

HF Markets is a trusted, well-established, and highly regulated Forex Broker. The FSCA, CySEC, DFSA, FSA, FCA, FSC, and the CMA regulate it. Additional Safety Measures include powerful encryption technology, client fund segregations, and Negative Balance Protection.

Accounts offered are Cent, Zero, Pro, Pro Plus, and, Premium. All accounts are integrated with MetaTrader 4, MetaTrader 5, WebTrader, and, Mobile Trading. Moreover, a Swap-Free Option is offered on all accounts. The following trading instruments and products are available:

  • 53 currency pairs
  • 6 Precious metals
  • 2 Energy Instruments
  • 11 Spot Indexes
  • 12 Futures Indices
  • 109 Stock CFDs
  • 5 Commodities
  • 40 Cryptocurrencies
  • 3 Bonds

Moreover, 33 exchange-traded funds are available. Deposit and Withdrawal Options include Bank Wire Transfers, Credit Cards and, Skrill.

🔎 Broker🥇 HFM
💴 Minimum Deposit$0
📌 Regulation and LicensesFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA
5️⃣ Ease of Use Rating5/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
⚙️ Trading PlatformsMT4, MT5, HFM Trading App
🚀 Open an Account
👉 Click Here

 

HFM

 

Pros and Cons

✅ Pros❌ Cons
Top-tier RegulationRegional constraints
Segregated Accounts for Client FundsInactivity fees

 

Our Insights

The benefits of trading with HFM include a Forex education section and tailored customer support.

 

Axi Review

 

Axi

Axi is a trusted Forex and CFD Broker known for its robust regulatory framework. the Australian Securities and Investments Commission and the Financial Conduct Authority (FCA) regulate it. Moreover, Axi is a member of the Compensation Fund.

Accounts offered are Standard, Pro, and, Elite. All accounts are integrated with MetaTrader 4. The following trading instruments and products are available:

  • 70 currency pairings
  • 100+ CFDs
  • 31 indices
  • 16 commodities
  • 4 separate oil markets
  • 7 precious metals
  • 35 cryptocurrencies

Deposit and Withdrawal Options include Visa, MasterCard, Skrill, and, Neteller.

🔎 Broker🥇 Axi
💴 Minimum Deposit0 USD
💵 Inactivity Fee✅Yes
💝 Bonuses✅Yes
⏰ Support Hours24/5
🖱️ Trading PlatformsMetaTrader 4
🚀 Open an Account
👉 Click Here

 

Axi Overview

Pros and Cons

✅ Pros❌ Cons
Axi is regulated by top-tier agenciesOnly MetaTrader 4 is available
Axi provides standard, professional, and advanced accountsAxi does not have a proprietary trading platform
Axi supports the use of MetaTrader 4 across devicesCrypto withdrawals are not available
Users can trade forex and CFDs on equities, indices, commodities, and CryptoAxi restricts customers from the United States and other regions

 

Our Insights

The benefits of trading with Axi include access to the Axi Academy, eBooks, and Excellent Customer Support.

 

Pepperstone

 

Pepperstone

Pepperstone is an Australian Forex and CFD Broker that provides competitive spreads. ASIC, CySEC, and, the SCB regulate it. Moreover, client funds are kept in segregated accounts with top-tier banks. Accounts offered are Standard, Razor, and, Demo. The minimum deposit is AU$ 200.

Trading Platforms include MetaTrader 4, MetaTrader 5, cTrader, TradingView, and, Capitalise.ai. The following trading instruments and products are available:

  • 70 Forex pairs
  • 17 commodities
  • 28 indices
  • Over 1,000 shares

Moreover, there are 100 ETFs accessible for trading. Deposit and Withdrawal Options include VISA, MasterCard, MPesa, and, PayPal.

🔎 Broker🥇 Pepperstone
💴 Minimum DepositAU$200
📈 Account TypesStandard Account, Razor Account
💵 Base CurrenciesUSD, GBP
📉 SpreadsFrom 0.0 pips EUR/USD on the Razor Account
📊 Leverage1:500 (Pro), 1:200 (Retail)
💶 Currency Pairs70, minor, major, and exotic pairs
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Pros and Cons

✅ Pros❌ Cons
Fully digital account openingMostly CFDs offered
Great customer serviceBasic Trading Platforms

 

Our Insights

The benefits of trading with Pepperstone include the possibility of trading 19 cryptocurrencies, CFD Trading Resources, and, 24/7 Customer Support.

 

Forex Trading in Spain

 

Is Forex Trading Legal in Spain?

Forex Trading is Legal and Highly Regulated by the Spanish National Securities Market Commission (CNMV).

 

Is Forex Trading Legal in Spain?

 

The Spanish National Securities Market Commission (CNMV)

The Spanish National Securities Market Commission (CNMV) is a government agency tasked with the financial regulation of the securities markets in Spain. The CNMV is an independent agency that falls under the Minister of Economy.

 

The Spanish National Securities Market Commission (CNMV)

 

In Conclusion

Forex Trading in Spain has seen a notable rise in popularity. Moreover, it is highly regulated and governed by the Spanish National Securities Market Commission (CNMV). Moreover, multiple International Brokers accept Spanish Traders.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

Our Insights

While reviewing the Best Forex Brokers that accept Spanish Traders, we found 5 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

You might also like:

FAQs

ZAR, USD, GBP, and, AUD.

XM provides 24/7 Customer Support.

Forex, cryptocurrencies, commodities, indices, and stocks.

70 Currency Pairs, including Major, Minor, and, Exotic

The Minimum Deposit for a Pepperstone Account is AU$ 200.

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