Best Brokers in Spain For 2026
Discover our top-rated trading brokers in Spain. We confirmed that every broker is regulated by Spain’s CNMV or can accept traders through the EU’s passporting scheme, and we ran hands-on tests to evaluate their suitability for Spaniards.
Written ByJames Barra
James is an experienced broker analyst with a background in financial services. He has spent 2,500+ hours testing brokers, used 35+ different platforms and apps, audited 120+ broker T&Cs, and verified 300+ regulatory licenses. James has also been on US and UK TV, and been a guest on finance podcasts, discussing reports conducted by BrokerListings.com and sharing his expertise.
James Barra Profile Page
Fact Checked ByTobias Robinson
Tobias is committed to helping traders find the right brokerage for their needs. He has tested 200+ brokers, spent 2,600+ hours using different platforms, and placed 2,100+ trades.
Tobias Robinson Profile Page
Edited ByRoyston Wild
Royston is a seasoned investor and financial writer with over a decade of experience analyzing brokers and investment markets. With a background in stocks, commodities, and forex reporting - he brings a fresh perspective to broker evaluations.
Royston Wild Profile PageAugust 25, 2026
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1Eightcap is an award-winning, FCA-regulated broker with low trading fees. They are highly rated by TradingView’s users, who can trade directly on the platform. UK traders can open a live account with a £100 minimum deposit. Eightcap is a multi-regulated forex and CFD broker founded in Australia in 2009. It is popular with active traders, offering 800+ instruments, tight spreads, and improvements like the TradingView platform, AI-powered financial calendars, and algo trading tools that require no coding experience.✓ Supports EUR Accounts
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2Founded in 2002 in Poland, XTB now serves over 1 million clients. This forex and CFD broker offers a regulated trading environment with a wide range of assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with excellent tools for aspiring traders.✓ Supports EUR Accounts
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3Trade Nation is a leading foreign exchange and contract for difference broker regulated in various areas including the UK and Australia. This company provides affordable fixed and variable spreads on over 1000 assets and strong trading platforms and educational resources. Traders could use the Signal Centre for trading ideas.✓ Supports EUR Accounts
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4Founded in 2009, FBS is a celebrated CFD broker active in more than 150 countries, serving over 27 million traders. Traders receive around-the-clock support, including market analysis, trading calculators, and competitive pricing without any commissions.✓ Supports EUR Accounts
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5FXCC is a well-established broker providing low-cost online trading since 2010. It is registered in Comoros Union and regulated by CySEC, known for its ECN trading, no minimum deposit, and quick account opening in under 5 minutes.✓ Supports EUR Accounts
Compare Brokers
| Broker |  |
EUR Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
 |
✓ | ✓ | £100$100 | 0.01 Lots | 1:30 | ✗ | FCA, ASIC, CySEC, FSC, SCB, FSA | CFDs in Forex, Stocks, Indices, Commodities, Crypto | MT4, MT5, TradingView, TradeLocker | USD, EUR, GBP, CAD, AUD, NZD, SGD | Expert Advisors (EAs) on MetaTraderTradingView Bots | ✗ | ✗ | |
 |
✓ | ✓ | $0 | 0.01 Lots | 1:30 | ✗ | FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti | CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs | xStation | USD, EUR, GBP | ✗ | ✗ | ✗ | |
 |
✓ | ✓ | R1000$0 | 0.1 Lots | 1:30 | ✓ | FCA, ASIC, CMVM , FSCA, SCB, FSA | CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only) | TN Trader, MT4, TradingView | USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
 |
✓ | ✓ | $5 | 0.01 Lots | 1:30 | ✗ | ASIC, CySEC, FSCA, FSC | CFDs, Forex, Indices, Shares, Commodities | FBS App, MT4, MT5 | USD, EUR, AUD, JPY | Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | |
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✓ | ✓ | $0 | 0.01 Lots | 1:30 | ✓ | CySEC, MISA | CFDs, Forex, Stocks, Indices, Metals, Energies, Crypto | MT4, MT5 | USD, EUR, GBP, CAD | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
| Broker | |
EUR Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Measures At Top Spanish Brokers
Although regulatory oversight from the CNVM and the wider EU requires robust standards be offered, checking account protections is important:
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
|
✗ | ✓ | ✓ | |
|
✗ | ✓ | ✓ | |
|
✗ | ✓ | ✓ | |
|
✗ | ✓ | ✓ | |
|
✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile App Functionality
Traders in Spain increasingly manage their portfolios and execute trades on smartphone devices - here's how our top brokers perform on mobile:
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
|
iOS & Android | ✗ | ||
|
iOS & Android | ✓ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Brokers in Spain For 2026 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
|
✓ | £100$100 | 0.01 Lots | ✗ | ✗ | ||
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✓ | $0 | 0.01 Lots | ✓ | ✗ | ||
|
✓ | R1000$0 | 0.1 Lots | ✗ | ✗ | ||
|
✓ | $5 | 0.01 Lots | ✗ | ✓ | ||
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✓ | $0 | 0.01 Lots | ✗ | ✗ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Brokers in Spain For 2026 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Expert Advisors (EAs) on MetaTraderTradingView Bots | ✓ | ✗ | ✗ | ✗ | 1:30 | ✓ | ✗ |
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✗ | ✗ | ✗ | ✗ | ✓ | 1:30 | ✓ | ✗ |
|
Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | ✗ | ✗ | 1:30 | ✗ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✓ | ✗ | 1:30 | ✓ | ✗ |
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Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✗ | 1:30 | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Brokers in Spain For 2026.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
|
✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✓ | ✗ | ✗ |
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✓ | USD: 3.45%, GBP: 4%, EUR: 2.30% | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✓ |
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✓ | ✗ | ✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ |
|
✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✓ | ✗ | ✗ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Performance Ratings For Top Trading Platforms In Spain
See the scorecard of our top Spanish brokers across our key evaluation categories:
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
|---|---|---|---|---|---|---|---|---|---|
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Brokers in Spain For 2026.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
|
✗ | $0 | 0.03 (Apple Inc) | 0.0 | $12 (BTC) | |
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✗ | €/$10 per month after 365 days | 0.2% | 1.0 | 0.22% | |
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✓ | $0 | Variable | Variable | Fixed | |
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✗ | $0 | 0.12 (Apple) | 1.1 | 19.75 (BTC/USD) | |
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✗ | $5 | 0.17 (Apple) | 0.1 | Variable | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Customer Ratings
Compare how customers of these brokers feel about them, with real user ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Customers |
Trustpilot Score |
Trustpilot Reviews |
Android App Rating |
iOS App Rating |
|---|---|---|---|---|---|
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80,000 | 3,907 | |||
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1,000,000 | 2,887 | |||
|
✗ | 2,125 | |||
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27,000,000 | 10,100 | |||
|
✗ | 218 | |||
| Broker | Customers |
Trustpilot Score |
Trustpilot Reviews |
Android App Rating |
iOS App Rating |
Broker Popularity
Spanish traders often look for established brokers as a trust indicator - here's how many clients our top brokers have both in Spain and globally:
Why Trade With Eightcap?
Eightcap offers charting platforms, Labs education, and AI-powered tools. With 120+ crypto CFDs, it is a leading crypto trading broker and has won our 'Best Crypto Broker' award for two consecutive years.
Pros
- Eightcap Challenges, the broker's proprietary trading firm, is regulated by multiple authorities, eliminating third-party risks common with white-label firms. It offers funded accounts tailored for crypto traders with about 150 crypto pairs and is integrated into the TradingView interface.
- Eightcap excelled in key areas for traders, surpassing all competitors to win our 'Best Overall Broker' award for 2024, and securing the 'Best Crypto Broker' and 'Best TradingView Broker' titles for 2025.
- After expanding its offerings in 2021, Eightcap provides a wide range of cryptocurrency CFDs, including crypto/fiat pairs, crypto/crypto pairs, and crypto indices.
Cons
- While Eightcap's Labs offers a valuable collection of educational guides and e-books, it still falls behind IG's extensive resources for traders, including the IG Academy app and 18 different course categories.
- Eightcap should enhance its suite of 800+ instruments to compete with category leaders like Blackbull Markets, which offers 26,000+ assets. Its commodities selection requires improvement.
- The demo account expires after 30 days and can only be extended by request, unlike XM’s unlimited demo account.
Why Trade With XTB?
XTB is an excellent option for new traders due to its xStation platform, low trading costs, no minimum deposit, and outstanding educational tools, many of which are integrated into the platform.
Pros
- XTB provides withdrawals within 3 business days, depending on the method and amount.
- The xStation platform stands out with its easy-to-use interface and intuitive features. These include personalized news feeds, sentiment heat maps, and a trading calculator, making it simpler for new traders.
- Signing up for an XTB account is simple and entirely digital, taking only a short while. This enables a seamless transition into trading for new traders.
Cons
- XTB’s research tools are solid but would improve with leading third-party tools like Autochartist, Trading Central, and TipRanks.
- The inability to modify the default leverage on XTB products is disappointing. Manual adjustment can greatly reduce trading risks, especially in forex and CFD trading.
- XTB has stopped supporting MT4, making traders use its own platform, xStation. This could discourage advanced traders who are accustomed to the MetaTrader suite.
Why Trade With Trade Nation?
Trade Nation is suitable for discretionary traders interested in speculating on major indices like the US 500 or liquid FX pairs, with the predictability of fixed spreads. Our tests showed the fixed-spread TN Trader platform is beneficial for trading during scheduled economic releases due to its reliable charting and capped spreads.
Pros
- Testing of the TN Trader account in normal markets showed fixed spreads and fast fills on major forex pairs, with slight price movement between click and fill.
- Trade Nation accounts can now connect with TradingView, enabling advanced multi-charts and direct trade execution.
- The broker expanded into Europe with regulated online trading services after getting approval from Portugal's CVMV, enhancing safety protections for European users.
Cons
- Offshore SCB and FSA entities offer retail clients leverage up to 1:200 and 1:500, compared to 1:30 in the UK, Europe, and Australia. This means FSA clients can have 16 times the exposure of UK retail clients on the same trade, but with less oversight and no compensation scheme.
- Withdrawals can take up to five business days, which is average for the industry but slower than the 1–3 days many brokers now offer.
- There is no raw or ECN pricing, which many traders prefer. Regardless of your deposit or trading volume, you will use the same fixed (or variable on MT4) pricing as beginners, making it unsuitable for scalpers.
Why Trade With FBS?
FBS is a great option for traders of all levels and budgets, offering a $5 minimum deposit and a comprehensive academy for new traders, along with access to MT4 and MT5.
Pros
- FBS combines strong features with ease of use. Sign-up takes <10 minutes, and the app is easy to use. It offers Market Analytics, VIP Analytics, and education through the FBS Academy and Trader’s Blog.
- The firm has won over 90 awards and serves more than 27 million clients, making it one of the world’s largest and most established brokers.
- FBS provides quick execution speeds starting at just 10 milliseconds, making it a top choice for active traders, such as scalpers, who require fast order handling.
Cons
- The FBS app is excellent for beginner traders and MT4/MT5 is suitable for advanced ones. However, the lack of cTrader and TradingView, available on alternatives like Pepperstone, might be a drawback for traders familiar with these platforms.
- There are only four base currencies available: EUR, USD, AUD, and JPY (dependent on region). This is not ideal for reducing currency conversion fees for many international traders, especially since the broker's users are from over 150 countries.
- FBS offers over 70 currency pairs but has fewer commodities and indices than industry leaders like BlackBull Markets.
Why Trade With FXCC?
FXCC is an excellent choice for traders, offering over 70 currency pairs, ultra-tight spreads from 0.0 pips during testing, and a free VPS for eligible traders.
Pros
- Customer support still depends on human agents, providing live chat response times of under three minutes in our tests, with knowledgeable representatives. This is a welcome change from the often frustrating AI chatbots now common among brokers.
- FXCC's ECN XL account is designed for active traders, offering spreads from 0.0 without commission and meeting our execution speed standards.
- FXCC has expanded its services by including MT5 in its platforms, adding hundreds of stocks and more cryptocurrencies, as well as introducing copy trading and more margin trading options.
Cons
- FXCC has expanded to include US, European, and Asian stocks, but offers limited metals and energy options, and no soft commodities.
- FXCC's offshore entity, though regulated by CySEC, operates under limited oversight from MISA and may not offer protections such as investor compensation if the broker becomes insolvent.
- FXCC imposes high withdrawal fees, such as $45 for bank transfers and 2% for cryptocurrency transfers, which can reduce the earnings of traders who frequently withdraw funds.
Filters
Methodology For Selecting The Top Brokers In Spain
We followed three steps:
- Legally Allowed To Operate in Spain: Brokers had to either be directly regulated by Spain’s National Securities Market Commission (CNMV) or be allowed to accept residents via the EU’s passporting regime, which we unpack further below. This was to make sure we only show brokers committed to following Spain and the wider EU’s market conduct and investor safeguards.
- Accepting of Spanish Residents: We signed up for accounts using a local IP address in Madrid or Barcelona, while also checking that ‘Spain’ was not listed among brokers’ lists of restricted countries. We also looked at whether brokers provide their websites, client interfaces, and support in Spanish – quite a few do. I’m good at establishing this as I hold a Spanish passport myself.
- Hands-On Testing: Our team, which includes veteran brokerage experts and experienced traders, tested and scored each broker in eight key categories, gathering close to 300 data points per firm. These data points and our team’s direct user experience with these brokers formed their overall ratings, by which providers were ultimately ranked by.
Accounts opened from Madrid and Barcelona
How To Choose The Right Broker As A Trader In Spain
Every trader has different requirements based on their trading strategy, starting capital, and preferred tools and user experience.
Still, considering several factors can help you successfully weigh up providers:
Safety
Only deposit euros with a broker you trust. Our toplist only contains brokers that have passed our safety checks, but you can also run your own.
Ideally, you’d choose a broker regulated by the CNMV (you can search for a broker yourself using the CNMV’s intuitive Companies Search — a facility I’ve used it dozens of times myself — and also check for disciplinary penalties. However there aren’t many online brokers directly authorized by the CNMV — we know, as we verify brokers’ regulatory credentials every week.
Instead, through the EU’s passporting rules, laid down by the European Securities Markets Authority (ESMA), brokerages can operate across the whole European Economic Area (EEA), a region that includes Spain. That’s providing they have authorization from at least one of the region’s national regulators. In practice, this means a broker authorized by neighboring France’s (Autorité des Marchés Financiers) AMF, for example, can accept Spanish traders.
Under these passporting rules, Spaniards can expect the same essential safeguards and benefits whichever EU country a broker is licensed with. These include segregated client money accounts to keep your funds separate from the company’s, protecting your money in the event of broker insolvency; negative balance protection, meaning you can’t lose more than what’s in your account; and leverage caps of 1:30 on major forex pairs, which helps limit losses should trades go against you.
If you want the peace of mind of a broker with a strong physical presence in Spain, CMC Markets, IG and XTB have Spanish branches and offices that operate with financial authorization issued in their home states.
Searching for Eightcap on the CNMV database
Access To Spanish, European and Global Markets
Spanish residents may understandably want to trade Spanish-listed stocks or wider European markets. The good news is we checked our broker database, and over 60% of companies offer trading on Spanish-listed equities, Spanish indices (notably the IBEX 35 index) and wider European stock exchanges and indices like Euronext.
Forex also provides opportunities for Spanish traders, as over 95% of the trading platforms in our database offer trading on multiple currency pairs containing the euro, from EUR/USD and EUR/GBP, to less liquid pairs like EUR/CHF and EUR/SEK at some brokers.
Elsewhere, Spanish residents can expect access to global markets like precious metals, soft commodities, cryptos, bonds, plus US and other global stocks. The exact offering will depend on the specific broker.
It’s always worth ‘sense checking’ that the markets you want to trade are available before depositing funds — most brokers publish at least some of their available assets on their websites.
Note that while contracts for difference (CFDs) are permitted in Spain, due to a 2023 CNMV Resolution brokers cannot advertise these through methods including celebrity endorsements, influencers, or demo accounts. This also applies to brokers operating in Spain through cross-border permissions. Essentially, Spanish residents must choose to trade CFDs of their own account.
Banco Santander stock chart
Trading Fees
Trading costs are a crucial consideration for most retail investors, especially active traders. The key costs to consider are spreads (the difference between the buy and sell price of an asset) and any commission (a fixed charge per trade, often around $6-7 per round lot turn in forex).
In our broker directory, around 75% of providers offer a raw spread account with spreads from zero plus a commission (popular with active traders), while around 25% offer spread-only accounts (popular with casual traders wanting one price). But over 50% offer a choice of both pricing setups, so you have plenty of choices.
Tip: Liquid Euro FX pairs like EUR/USD tend to have the tightest spreads, while less widely traded pairs like EUR/SEK tend to have wider spreads. Be mindful that large spreads can eat into potential profit margins.
EUR Trading Account
Picking a broker with a EUR trading account is sensible for most Spanish traders, and is also offered by over 90% of brokers we’ve tested. This means deposits, account balances, and withdrawals will be shown in euros, making the trading experience clean while potentially cutting conversion fees compared to if you deposited in US Dollars, which would then get converted to euros.
Keep in mind that if you trade assets denominated in another currency, such as US stocks, you could still pay a conversion charge if your account is based in EUR.
Trading Tools
If you’re a short-term trader, you may want a powerful charting platform. If you’re a longer-term stock trader, you may want a platform with stock screeners, analyst ratings, and dividend calendars.
Most brokers run third-party platforms, usually one or some of MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView, with the latter becoming more popular in recent years owing to a slicker user interface and a massive charting package and active community. I’ve spent thousands of hours using these platforms, and TradingView is my personal favorite.
Some firms also have their own proprietary platforms and trading apps. These can be reliable and feature-rich, or glitchy and offer nothing beyond those established third-party platforms.
As an example, below you can see a proprietary platform that I do rate – XTB’s. You can see where in my live XTB account I made a watchlist of various Spanish assets I can track and get price alerts for. It includes Spanish stocks, an exchange-traded fund (ETF) that tracks the IBEX 35, plus a Spanish government bond.
Spanish watchlist on XTB’s platform
FAQ
Who Regulates Trading Brokers In Spain?
Spain’s National Securities Market Commission (CNMV) regulates trading brokers. The CNMV is a Category A body in BrokerListings.com’s regulator classification, indicating that it provides excellent oversight of authorized trading platforms and strong safeguards for retail investors.
Due to Spain’s position in the European Union, brokerages authorized by another member state can also solicit Spanish traders and are required to provide the same safeguards, from segregated accounts to leverage limits and bans on products like binary options.
Do I Get Investor Compensation If I’m A Spanish Resident And My Broker Goes Bankrupt?
Spain may pay up to €100,000 per retail trader per brokerage if it cannot return financial assets or cash, in line with the Fondo General de Garantía de Inversiones (FOGAIN) scheme. However, this Investor Compensation Scheme (ICS) may only be in place if you use a broker regulated in Spain. If you trade through a broker in another EU member state, you may not be covered to this amount.
Many retail traders in Spain do not realise this – there are limits to the EU passporting regime, with EU law only requiring a maximum payout of €20,000 for eligible claims, and some member states like Spain choosing to provide more to eligible clients.
How Does Choosing A Local Vs Foreign Broker From Spain Affect My Taxes?
If you use Spanish brokers with local branches (such as XTB), they act as tax agents (retenedors). This means they will automatically report trades to Hacienda (or the Agencia Estatal de Administración Tributaria, or AEAT), which is the national tax authority. They will also pre-fill annual tax drafts.
If you opt for a foreign broker, they do not automatically report to AEAT. You’ll need to manually convert trade details to euros, calculate any FIFO capital gains, and manage the reporting yourself.
The key tax forms you need to know are Modelo 720 — which is required for foreign stocks, ETFs or cash in excess of €50,000 — and is due by 31 March. The other is Modelo 721, which concerns foreign-held crypto assets that exceed €50,000 and is also due by 31 March.