You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. To find the best forex brokers in Spain, we created a list of all brokers that list Spain as a country they accept new customers from. We then ranked brokers by their Overall ranking. Compare Spain authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.
Residents of Spain can search the CNMV company register to verify whether or not a broker is authorized. If a company is authorized, a company profile will be available with a registration number and date upon searching. For our Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50, words of published research.
Each broker was graded on different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure. Read more about Trust Score here. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.
Ultimately, our rigorous data validation process yields an error rate of less than. Learn more about how we test. There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.
The broker also offers demo trading accounts and Islamic swap-free accounts. The broker also offers additional trading features such as social trading integration with ZuluTrade and MyFXbook. Headquarters : Israel.
Plus is a leading CFD trading platform with support for stocks, indices, cryptocurrencies, and Forex. This commission-free brokerage charges very low spread-rates and offers fast trades on a great platform. Plus supports complex trades. You can start with a free demo account to test the platform and any trading strategy. Real money accounts offer leverage of up to The broker also offers educational events via live analysis and educational webinars and seminars, as well as a beginner to advanced courses in its Trading Academy.
Users can also access AutoChartist and live trading alerts via Telegram, depending on account type. Spain is known to be a desirable destination among forex traders and brokers. Both traders and businesses benefit from the excellent regulatory guidelines imposed on the financial markets in Spain.
Being apart of the EU and the European Economic Area, forex trading is subjected to the guidelines set by the MiFID which ensure safe, stable and secure investment practices among forex brokerages. Spanish traders should always choose brokers who are regulated to conduct business in Spain. Below are a few important aspects to consider when choosing a forex broker in Spain.
The main responsibility of this regulatory authority is to regulate the financial markets in Spain through the implementation of regulatory guidelines and policies. Their goal is to maintain and promote a fair and stable financial market with the protection of consumers in mind. The best forex brokers in Spain provide the most advanced and up to date trading platforms and software. Designed with the trader in mind, the best trading platforms offer an easy to use and visually pleasing interface, has a variety of analysis tools, and fast speeds for execution.
A good trading platform will offer their traders up to date quotes and charts in an organized and easy to use format. The interface should be fast, informative, and easy enough to use. Many forex brokers in Spain offer a free trial of their platforms before a full commitment.
Spreads and commissions are both very important aspects of a forex broker. They go hand in hand and play a big part in whether the forex broker is worth your while. In fact, the spread is one of the most important things to consider when choosing a forex broker. With that said, we choose forex brokers with low spreads and comparable commissions. Spanish traders are fortunate to have multiple account types to choose from with most of the brokers offering forex trading services to Spanish clients.
With the Spanish language being the second most spoken language in the world, traders have no problem whatsoever receiving customer service in Spanish. Our best forex brokers in Spain list is created with the utmost certainty in quality and reputation. We have only gathered CNMV regulated brokers who are known to be reputable and competent with the services they provide. All our brokers offer excellent trading platforms, competitive commissions and fees, and a wide range in account types.
Best Forex Brokers in Spain Advertising Disclosure Advertising Disclosure. This page may not include all available products, all companies or all services. FX Empire Editorial Board. At FX Empire, we stick to strict standards of a review process.
Learn about our review process. FX Empire may receive compensation. The brokers below represent the best forex brokers for trading in Spain. Scroll for more details. MT4, MT5. No dealing desk. Dealing Desk, Market Maker. MT4, MT5, cTrader. ECN, No dealing desk. MT5, Proprietary, WebTrader. Market Maker, STP. Sponsored Sponsored. Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.
Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients. FXTM Review. FP Markets Review. Wide range of trading platforms and trading tools available. Excellent customer support and education tools. The volume of choice of markets and accounts may be overwhelming for beginner tra.
Visit Broker Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. CMC Markets Review. Feature-rich proprietary Next Generation trading platform. News and analysis from in-house market analysts.
Potentially steep learning curve for beginner traders using the advanced Next Generation trading platform. Visit Broker Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. IC Markets Review. Pros: Cons: Raw spread accounts with institutional grade liquidity available. Commission-free trading available. MetaTrader and cTrader available on desktop, web and mobile. Impressive library of educational material and videos. Beginner traders may be overwhelmed by the choice of markets and platforms.
Plus Review. BDSwiss Review. Pros: Cons: Multiple regulations. Access to raw spreads available. Can trade on MetaTrader 4 and MetaTrader 5. Best spread accounts require higher minimum deposits. Top Brokers. Best Brokers. Best Forex Brokers. Best Forex Platforms. Best CFD Brokers.
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