Best Forex Brokers in Spain 2026
Spain's forex market is regulated by the Comisión Nacional del Mercado de Valores (CNMV). Spanish traders enjoy strong EU-wide protections under MiFID II, and many access the market through CySEC-passported brokers.
Regulators
CNMV, CySEC
Max Leverage
1:30
Brokers Reviewed
43
Is Forex Trading Legal in Spain?
Forex trading is fully legal and regulated. Brokers must be CNMV-registered or hold a valid EU licence allowing them to operate in Spain.
ESMA leverage restrictions apply. The CNMV has been active in warning about unauthorized brokers and published guidelines on CFD marketing restrictions.
Top 43 Brokers for Spain Traders
| Feature |  IC Markets Overall 8.8/10 |  XTB Overall 8.6/10 |  XM Overall 8.5/10 |  Pepperstone Overall 8.5/10 |  Capital.com Overall 8.5/10 |
|---|---|---|---|---|---|
| Overall Score | 8.8/10 ✓ | 8.6/10 | 8.5/10 | 8.5/10 | 8.5/10 |
| Spreads From | 0.0 pips | 0.5 pips | 0.6 pips | 0.0 pips | 0.6 pips |
| Min Deposit Lower is better | $200 | $0 ✓ | $5 | $0 ✓ | $20 |
| Platforms | MT4, MT5, cTrader | xStation 5, xStation Mobile | MT4, MT5, XM App | MT4, MT5, cTrader, TradingView | Capital.com Platform, MT4, Capital.com App |
| Regulation | ASIC, CySEC, FSA | FCA, CySEC, KNF | CySEC, ASIC, IFSC | ASIC, FCA, CySEC, DFSA, SCB | CySEC, FCA, ASIC, SCB |
| Markets | 2,200+ | 5,800+ | 1,000+ | 1,200+ | 6,400+ ✓ |
IC Markets
Est. 2007 · Sydney, Australia
Min Deposit
$200
Spreads From
0.0 pips
Leverage
1:500
Instruments
2,200
XTB
Est. 2002 · Warsaw, Poland
Min Deposit
$0
Spreads From
0.5 pips
Leverage
1:500
Instruments
5,800
XM
Est. 2009 · Limassol, Cyprus
Min Deposit
$5
Spreads From
0.6 pips
Leverage
1:1000
Instruments
1,000
Pepperstone
Est. 2010 · Melbourne, Australia
Min Deposit
$0
Spreads From
0.0 pips
Leverage
1:500
Instruments
1,200
Capital.com
Est. 2016 · London, UK
Min Deposit
$20
Spreads From
0.6 pips
Leverage
1:200
Instruments
6,400
Forex.com
Est. 2001 · Warren, New Jersey, USA
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:200
Instruments
5,000
Admirals
Est. 2001 · Tallinn, Estonia
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:500
Instruments
4,000
FxPro
Est. 2006 · London, UK
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:500
Instruments
2,100
ThinkMarkets
Est. 2010 · London, UK
Min Deposit
$0
Spreads From
0.0 pips
Leverage
1:500
Instruments
4,000
AvaTrade
Est. 2006 · Dublin, Ireland
Min Deposit
$100
Spreads From
0.9 pips
Leverage
1:400
Instruments
1,250
Trading 212
Est. 2004 · London, UK
Min Deposit
$1
Spreads From
0.5 pips
Leverage
1:30
Instruments
12,000
FP Markets
Est. 2005 · Sydney, Australia
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:500
Instruments
10,000
Tickmill
Est. 2014 · Limassol, Cyprus
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:500
Instruments
500
Exness
Est. 2008 · Limassol, Cyprus
Min Deposit
$1
Spreads From
0.0 pips
Leverage
Unlimited
Instruments
300
FXTM
Est. 2011 · Limassol, Cyprus
Min Deposit
$10
Spreads From
0.0 pips
Leverage
1:2000
Instruments
600
Eightcap
Est. 2009 · Melbourne, Australia
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:500
Instruments
800
HFM
Est. 2010 · Limassol, Cyprus
Min Deposit
$5
Spreads From
0.0 pips
Leverage
1:2000
Instruments
1,200
TopFX
Est. 2010 · Limassol, Cyprus
Min Deposit
$0
Spreads From
0.0 pips
Leverage
1:500
Instruments
600
Plus500
Est. 2008 · Haifa, Israel
Min Deposit
$100
Spreads From
0.8 pips
Leverage
1:300
Instruments
2,800
eToro
Est. 2007 · Tel Aviv, Israel
Min Deposit
$50
Spreads From
1.0 pips
Leverage
1:30
Instruments
3,400
Skilling
Est. 2016 · Limassol, Cyprus
Min Deposit
$100
Spreads From
0.1 pips
Leverage
1:500
Instruments
800
GO Markets
Est. 2006 · Melbourne, Australia
Min Deposit
$200
Spreads From
0.0 pips
Leverage
1:500
Instruments
350
Equiti
Est. 2008 · Dubai, UAE
Min Deposit
$500
Spreads From
0.0 pips
Leverage
1:500
Instruments
400
FXOpen
Est. 2005 · Christchurch, New Zealand
Min Deposit
$1
Spreads From
0.0 pips
Leverage
1:500
Instruments
600
Markets.com
Est. 2008 · Limassol, Cyprus
Min Deposit
$100
Spreads From
0.6 pips
Leverage
1:300
Instruments
2,500
Exinity
Est. 2012 · Limassol, Cyprus
Min Deposit
$10
Spreads From
0.5 pips
Leverage
1:500
Instruments
500
RoboForex
Est. 2009 · Limassol, Cyprus
Min Deposit
$10
Spreads From
0.0 pips
Leverage
1:2000
Instruments
12,000
BDSwiss
Est. 2012 · Limassol, Cyprus
Min Deposit
$10
Spreads From
1.1 pips
Leverage
1:500
Instruments
250
OCTA
Est. 2011 · Limassol, Cyprus
Min Deposit
$25
Spreads From
0.6 pips
Leverage
1:1000
Instruments
230
Naga
Est. 2015 · Hamburg, Germany
Min Deposit
$50
Spreads From
0.7 pips
Leverage
1:500
Instruments
950
JFD Brokers
Est. 2011 · Limassol, Cyprus
Min Deposit
$500
Spreads From
0.0 pips
Leverage
1:400
Instruments
1,500
IronFX
Est. 2010 · Limassol, Cyprus
Min Deposit
$100
Spreads From
0.0 pips
Leverage
1:1000
Instruments
500
Libertex
Est. 2012 · Limassol, Cyprus
Min Deposit
$10
Spreads From
0.0 pips
Leverage
1:500
Instruments
300
Tio Markets
Est. 2018 · London, UK
Min Deposit
$50
Spreads From
0.0 pips
Leverage
1:500
Instruments
300
Errante
Est. 2019 · Limassol, Cyprus
Min Deposit
$50
Spreads From
0.0 pips
Leverage
1:500
Instruments
300
IQ Option
Est. 2013 · Limassol, Cyprus
Min Deposit
$10
Spreads From
0.7 pips
Leverage
1:500
Instruments
300
FBS
Est. 2009 · Belize City, Belize
Min Deposit
$5
Spreads From
0.7 pips
Leverage
1:3000
Instruments
250
JustMarkets
Est. 2012 · Limassol, Cyprus
Min Deposit
$1
Spreads From
0.0 pips
Leverage
1:3000
Instruments
260
Scope Markets
Est. 2019 · Limassol, Cyprus
Min Deposit
$100
Spreads From
0.5 pips
Leverage
1:500
Instruments
200
FXGT
Est. 2019 · Limassol, Cyprus
Min Deposit
$5
Spreads From
0.0 pips
Leverage
1:1000
Instruments
400
Squared Financial
Est. 2005 · Limassol, Cyprus
Min Deposit
$250
Spreads From
0.0 pips
Leverage
1:500
Instruments
400
Orbex
Est. 2011 · Limassol, Cyprus
Min Deposit
$200
Spreads From
0.0 pips
Leverage
1:500
Instruments
300
Colmex Pro
Est. 2010 · Limassol, Cyprus
Min Deposit
$500
Spreads From
0.3 pips
Leverage
1:200
Instruments
5,000
Tips for Spain Traders
Verify broker registration on the CNMV official register
ESMA rules cap retail leverage at 1:30
CySEC-regulated brokers with EU passporting can legally serve Spanish clients
The CNMV publishes warnings about unauthorized entities — check before depositing
More broker shortlists for Spain
These country-specific pages reuse the same market context, but narrow the shortlist by platform, trading style, or a tighter search intent.
Live PSEO pages: 1
Frequently Asked Questions
Is forex trading legal in Spain?
Yes, it is fully legal. Brokers must be registered with the CNMV or operate under an EU passport.
What leverage can Spanish traders access?
Retail leverage is limited to 1:30 on major forex pairs under ESMA regulations.
Are my funds protected?
Yes, EU investor compensation schemes cover up to €20,000 per client if a regulated broker becomes insolvent.
Read the full reviews for the brokers available in Spain
This country page is the shortlist. The individual reviews are where you can check platform details, withdrawal terms, regulation, and who each broker suits best before you choose.
IC Markets review
IC Markets delivers institutional-grade execution with raw spreads from 0.0 pips, $15B+ daily volume, and ASIC/CySEC regulation.
XTB review
XTB is a publicly traded, FCA-regulated broker with the award-winning xStation 5 platform, no minimum deposit, and one of the best trading education programs in the industry.
XM review
XM is a well-regulated broker known for its excellent education, $5 minimum deposit, and reliable MetaTrader execution across 1,000+ instruments.
Pepperstone review
Pepperstone offers raw spreads from 0.0 pips, four platform choices, and strong ASIC/FCA regulation with no minimum deposit requirement.
Capital.com review
Capital.com offers an AI-powered trading platform with 6,400+ commission-free instruments, strong quad-regulation, and a low $20 minimum deposit.
Forex.com review
Forex.com, owned by StoneX Group, offers 5,000+ instruments with a proprietary platform, DMA trading, and strong FCA/ASIC/CySEC regulation.
Admirals review
Admirals (formerly Admiral Markets) offers 4,000+ instruments with the enhanced MetaTrader Supreme Edition and triple CySEC/FCA/ASIC regulation.
FxPro review
FxPro offers four trading platforms including its proprietary FxPro Edge, NDD execution, and strong CySEC/FCA regulation across 2,100+ instruments.
ThinkMarkets review
ThinkMarkets combines its proprietary ThinkTrader platform with MT4/MT5, no minimum deposit, and ASIC/FCA/CySEC regulation across 4,000+ instruments.
AvaTrade review
AvaTrade is one of the most widely regulated brokers globally, offering MT4/MT5, proprietary apps, options trading, and copy trading since 2006.
Trading 212 review
Trading 212 is an FCA-regulated broker offering commission-free stock investing, fractional shares, and a beautifully designed app with just a $1 minimum deposit.
FP Markets review
FP Markets offers raw spreads, four platform choices including DMA stock trading via IRESS, and 20 years of ASIC/CySEC-regulated operations.
Tickmill review
Tickmill is an ECN broker known for ultra-low trading costs, raw spreads from 0.0 pips, and solid CySEC/FCA regulation across 500+ instruments.
Exness review
Exness combines instant withdrawals, $1 minimum deposit, and competitive raw spreads with strong FCA/CySEC regulation and massive monthly volume.
FXTM review
FXTM offers accessible trading with a $10 minimum deposit, copy trading, and strong CySEC/FCA regulation across forex and CFD markets.
Eightcap review
Eightcap stands out with TradingView integration, raw spreads from 0.0 pips, and ASIC/CySEC regulation across 800+ instruments including crypto CFDs.
HFM review
HFM (formerly HotForex) offers accessible trading from $5, quad-regulation, copy trading, and multiple account types across 1,200+ instruments.
TopFX review
TopFX is a CySEC/FCA-regulated ECN broker offering raw spreads from 0.0 pips through MT4 and cTrader with no minimum deposit requirement.
Plus500 review
Plus500 is a publicly listed CFD broker offering a simple, commission-free platform with strong multi-regulator oversight and 2,800+ instruments.
eToro review
eToro pioneered social trading with CopyTrader, offering stocks, crypto, and forex in one platform with 30M+ users and strong regulation.
Skilling review
Skilling is a CySEC-regulated broker offering three trading platforms including cTrader, with competitive raw spreads starting from 0.1 pips.
GO Markets review
GO Markets is an ASIC-regulated Australian broker with raw spreads from 0.0 pips, cTrader support, and a solid 18-year track record in the industry.
Equiti review
Equiti is a DFSA and FCA-regulated broker with a strong focus on the MENA region, offering raw spreads, institutional accounts, and multilingual Arabic support.
FXOpen review
FXOpen is a triple-regulated broker (FCA/ASIC/CySEC) with over 20 years of operation, offering ECN trading through MT4, MT5, and its proprietary TickTrader platform from just $1.
Markets.com review
Markets.com is a triple-regulated broker offering 2,500+ instruments through its proprietary platform and MetaTrader, with strong research tools.
Exinity review
Exinity is a triple-regulated broker (FCA/CySEC/FSA) offering accessible trading through MT4/MT5 with a low $10 minimum deposit and 500+ instruments.
RoboForex review
RoboForex provides 12,000+ instruments across four platforms including cTrader and the proprietary R StocksTrader with CySEC/IFSC regulation.
BDSwiss review
BDSwiss is a CySEC-regulated broker offering MT4, MT5, and its proprietary mobile app with a $10 minimum deposit and multiple account types.
OCTA review
OCTA offers commission-free trading with a proprietary OctaTrader platform featuring built-in copy trading and CySEC regulation.
Naga review
Naga is a CySEC-regulated social trading broker with a modern proprietary platform, copy trading features, and access to stocks, crypto, and CFDs.
JFD Brokers review
JFD Brokers is a CySEC/BaFin-regulated DMA+ broker offering transparent pricing across 1,500+ instruments through MT4 and MT5.
IronFX review
IronFX offers multiple account types including zero spread and STP/ECN options on MT4, with CySEC/FCA/FSCA regulation across 500+ instruments.
Libertex review
Libertex is a CySEC-regulated broker known for its zero-spread, commission-based trading model with a simple proprietary platform and low $10 minimum deposit.
Tio Markets review
Tio Markets is an FCA/CySEC-regulated broker headquartered in London, offering MT4 trading with competitive ECN spreads and a $50 minimum deposit.
Errante review
Errante is a CySEC-regulated broker offering raw spreads, multiple account types, and crypto deposits with a $50 minimum entry point.
IQ Option review
IQ Option is a CySEC-regulated broker known for its sleek proprietary platform, options trading focus, and accessible $10 minimum deposit.
FBS review
FBS offers a $5 minimum deposit, up to 1:3000 leverage, and multiple account types including a Cent account for micro-lot trading.
JustMarkets review
JustMarkets offers one of the lowest entry barriers in the industry with a $1 minimum deposit, up to 1:3000 leverage, and raw spread accounts on MT4/MT5.
Scope Markets review
Scope Markets is a CySEC-regulated broker with a strong presence in African markets, offering MT4/MT5 trading with competitive spreads.
FXGT review
FXGT is a CySEC/FSA-regulated broker with a strong crypto focus, offering MT5 trading with leverage up to 1:1000 and a $5 minimum deposit.
Squared Financial review
Squared Financial is a CySEC-regulated broker operating since 2005, offering MT4/MT5 trading with raw spreads and a range of forex and CFD instruments.
Orbex review
Orbex is a CySEC-regulated broker based in Limassol offering MT4 trading with competitive spreads across forex, commodities, and indices.
Colmex Pro review
Colmex Pro is a CySEC-regulated DMA broker offering direct market access to 5,000+ instruments including real stocks through its proprietary platform.