5 Best Forex Brokers in 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 Beginners, Foreigners, 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 – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Spanish Traders | 💶 Min. Deposit (EUR) |
| 🥇 AvaTrade | 👉 Click Here | ✅Yes | 92.84 |
| 🥈 XM | 👉 Click Here | ✅Yes | 4.64 |
| 🥉 HF Markets | 👉 Click Here | ✅Yes | None |
| 🏅 Axi | 👉 Click Here | ✅Yes | None |
| 🎖️ Pepperstone | 👉 Click Here | ✅Yes | 122.58 |
5 Best Forex Brokers in Spain (2024)
- ☑️ AvaTrade – Overall, the Best Forex Broker in Spain
- ☑️ XM – Low EUR (€) Minimum Deposit Broker
- ☑️ HF Markets – Best Forex Broker for Beginners
- ☑️ Axi – Best MetaTrader 4/MetaTrader 5 Forex Broker
- ☑️ Pepperstone – Best Overall Offering
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 Deposit | 100 USD |
| 🖱️ Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🤝 Affiliate Program | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments | Inactivity fees on dormant accounts |
| Fixed spreads from 0.6 pips on the Pro Account | The demo account is available for 21 days |
| Islamic Account | Deposit and withdrawal options are limited |
| There is a free demo account available | Leverage 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
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 Types | Micro Account, Standard Account, XM Ultra-Low Account, Shares Account |
| ⏰ Support Hours | 24/7 |
| 🆓 Demo Account | ✅Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Minimum deposit | No social trading features available |
| Unlimited Demo Account | Inactivity Fees |
Our Insights
The benefits of trading with XM include direct access to 100 individual shares, instructional tools, and, trusted customer support.
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 Licenses | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| ⚙️ Trading Platforms | MT4, MT5, HFM Trading App |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Top-tier Regulation | Regional constraints |
| Segregated Accounts for Client Funds | Inactivity fees |
Our Insights
The benefits of trading with HFM include a Forex education section and tailored customer support.
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 Deposit | 0 USD |
| 💵 Inactivity Fee | ✅Yes |
| 💝 Bonuses | ✅Yes |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | MetaTrader 4 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Axi is regulated by top-tier agencies | Only MetaTrader 4 is available |
| Axi provides standard, professional, and advanced accounts | Axi does not have a proprietary trading platform |
| Axi supports the use of MetaTrader 4 across devices | Crypto withdrawals are not available |
| Users can trade forex and CFDs on equities, indices, commodities, and Crypto | Axi 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 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 Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic 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.
Is Forex Trading Legal in Spain?
Forex Trading is Legal and Highly Regulated by the Spanish National Securities Market Commission (CNMV).
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.
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.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | CySEC, MISA, FSCA | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit 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.
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Frequently Asked Questions
What Base Currencies do AvaTrade accept?
ZAR, USD, GBP, and, AUD.
Does XM provide Customer Support?
XM provides 24/7 Customer Support.
What can I trade with HF Markets?
Forex, cryptocurrencies, commodities, indices, and stocks.
How many Currency Pairs do Axi offer?
70 Currency Pairs, including Major, Minor, and, Exotic.
What is the Minimum Deposit for a Pepperstone Account?
The Minimum Deposit for a Pepperstone Account is AU$ 200.
Top 4 Brokers
