Best Spain Forex Broker 2022

Top Forex Brokers in Spain

Welcome to our guide on forex trading in Spain. With this guide, we do our utmost to give both newbie forex traders and advanced traders all the information they need to find the best forex trading platforms.

If you are unsure about how to select an online forex trading site, our guide will help you find a platform that hits the right notes for you. In addition to this, we make sure that you understand how to ensure that you have a safe forex trading experience with these platforms. Read on to learn more.

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Top Brands
80/100
81/100

Compare the best Spain Forex brokers

Rating
89/100
Minimum Deposit
$10,000.00
Deposit Protection
$500,000.00
Maximum Leverage
1:30
Trading Platforms
Android
iOS
Web
Rating
80/100
Minimum Deposit
$0.00
Deposit Protection
$250,000.00
Maximum Leverage
1:30
Trading Platforms
Android
iOS
Custom
Rating
81/100
Minimum Deposit
$100.00
Deposit Protection
£50,000.00
Maximum Leverage
1:30
Trading Platforms
Android
iOS
MT4
MT5
Web

Who should make use of our forex trading in Spain comparison?

We have put together our comparison of the best forex broker in Spain not only to serve those of you that are new to the concept but to also help the advanced traders find the best new sites as well.

New forex traders

Our guide to forex trading in Spain is the perfect place for you to learn more about what sites you should be using. As a newbie forex trader, you need to use a platform that is user-friendly and that gives you ample resources for the ins and outs of forex trading in Spain. We can help you locate these platforms with ease.

Experienced forex traders

For the more advanced forex traders, even if you have found a platform that you enjoy using, there is always room for bigger and better platforms. When it comes to trading fees, we can help you find a platform that offers you competitive rates. More so than that, we can help you find forex trading platforms that give you access to far more currency pairs and trading tools as well.

Residents are well within their rights to trade forex in Spain. Provided you are using a site that is regulated by the Comisión Nacional del Mercado de Valores (CNMV), you will have no issues trading in forex. If you are unsure about the regulatory status of a platform in Spain, you can check out the CNMV company registration page where you will find a detailed list of all the legitimate forex brokers in the country.

5 steps to ensure a safe forex trading experience in Spain

With so many online forex trading platforms to choose from in Spain, it’s vital that you select a site that is safe to use. There are a number of facets to consider before you create an account with one of these brokers and we have broken them down for you below:

Security

It is imperative that users are well-protected when they trade forex online in Spain. Brokers need to be doing everything they can to ensure user safety. Look out for things like two-factor authentication and account security questions. These features will ensure that your account is much more difficult to access. Furthermore, check to see what the insurance coverage is like on these platforms in the case of an emergency as well. 

Regulation

Whether you are looking at the best forex broker in Europe or the best forex broker in Spain, you need to make sure that the site is fully regulated. In the case of Spanish forex brokers, you’ll want to check if these platforms are regulated by the National Securities Market Commission (CNMV). If you find that the platforms you are looking at are regulated by the CNMV, you can trust that they are operating legally and are adhering to the letter of the law when it comes to running an online brokerage platform in Spain. 

User reviews

Something we highly recommend doing is to check out what users have had to say about the best forex platform in Spain. The more user reviews you read, the clearer the overall picture will become about the reputation of these sites. If you come to find that most users have walked away with a negative outlook on a site, it stands to reason that you would avoid that site altogether. 

Payment methods

It’s vital that these platforms make enough reputable payment methods available to you. Take your time, check out the payment pages on these platforms and make sure they are offering enough trustworthy deposit methods to use. The best forex broker in Spain will be sure to give you a host of e-wallets, debit/credit cards, and banking options to choose from. 

Customer service

Lastly, it’s definitely going to be worthwhile for you to check out the customer service on these sites before signing up. It may not seem like the most crucial feature but having professional and reliable customer service available to you at all times can make all the difference to your forex trading experience. Be sure to chat with one of the support members on these sites via telephone or a live chat feature to see how helpful they are. 

This is how we review forex brokers in Spain

Here at TradersBest, we do everything we can to bring you detailed reviews of all of the best sites for forex trading in Spain. We have a forex broker review Spain for just about every platform out there. Our reviews cover a number of different elements on these sites but we have narrowed them down to the most important criteria below:

Site usability

The best sites for forex trading in Spain will have a platform that is not only user-friendly for beginner forex traders but that is also ideal for advanced forex traders as well. This starts with the layout of the site and how easy it is to navigate. Our reviews of the best sites for forex trading in Spain take a closer look at how well these sites are put together, how quickly the different pages load, and how easy it is to do things like make deposits and execute forex trades.

Accounts

Just as the site itself should cater to both inexperienced and experienced forex traders alike, so too should the range of account types. In terms of budget, users should have the option to start small with a basic forex trading account before being able to move on to the more advanced account types. Our reviews take a close look at what account options are available with these sites for forex trading in Spain so that you know exactly what is available to you before you sign up.

Deposit options

We then take a look at some of the deposit options that are available on these platforms. The best online trading platform will have plenty of debit/credit card options, e-wallets, and more for you to choose from. Our reviews cover the deposit methods on these sites in great detail so you will be able to find a platform that has your preferred deposit method in no time.

Trading platforms

Just as the navigability of these platforms is crucial, so too are the trading platforms and tools. Our reviews of the best sites for forex trading in Spain put the trading platforms on these sites under a microscope. Do they offer more than one option? What forex pairs can I trade with on the platform? What additional trading tools are available? We answer all of these questions in our detailed reviews.

App availability

Something that not every site for online forex trading in Spain is going to offer you is a mobile app. Mobile apps are a great way to stay on top of your trades when you are on the go. As such, we take the time to review whether or not these sites for forex trading in Spain have mobile apps available for IOS and Android users.

Our top forex brokers for Spain

89/100
Rating
Credit Card
SEC - U.S. Securities and Exchange Commission
Interactive Brokers Forex
Highlights
  • Award-winning broker
  • Over 100 currency pairs for forex trading
  • Educational resources to help advance your knowledge
80/100
Rating
FINRA - U.S. Financial Industry Regulatory Authority
Robinhood Forex
Highlights
  • Great web trading paltform
  • No withdrawal fee
  • $0 minimum deposit
81/100
Rating
Credit Card
CIMA - Cayman Islands Monetary Authority
FOREX.com Forex
Highlights
  • User-friendly web trading platform
  • Low forex fees
  • $100 minimum deposit

Checklist: picking out the best forex broker in Spain

If you are still uncertain about what constitutes the best forex broker, you need to think about what kind of forex trader you are first. There are plenty of different ways to approach forex trading and this means you might need to find a specific platform to meet your needs. Our reviews give you all the information you need on these sites but you will still need to consider what you are after and what kind of forex trader you are. Here are two examples of what you might consider when choosing the best forex broker in Spain:

Educational resources

We have come to find that many forex trading users enjoy having educational resources available to them on these sites. These resources are a great way for users to gain a better understanding of forex trading as a whole. They are also useful for experienced forex traders as they can help you stay on top of market trends. You can find the sites that offer you the best resources through our detailed reviews.

Long term trading vs short term trading

This largely comes down to what kind of forex trader you are and what kind of strategy you are going to employ. If you are someone that is going to take up day-trading, then you will want to find a platform that is not going to charge high fees for all of the positions you will be opening and closing. If you are the type of trader that is looking to hold their forex position open overnight or for longer periods, you’ll want a platform that does not charge you an arm and a leg to keep your position open. These are important considerations when it comes to finding the best online forex broker in Spain.

What other trading instruments can I access in Spain?

From what we could gather from our guide, there are very few limitations on what you can trade in Spain right now. You can find an entire CFD broker list if that is something you would be interested in. Aside from forex and CFDs, there are plenty of other trading instruments that you can get involved with. Here are a few of the different trading avenues that you could pursue:

  • Bonds
  • Stocks
  • Indices
  • Commodities
  • CFDs
  • ETFs
  • Cryptocurrencies

Conclusion to our guide on forex trading in Spain

And so we bring our guide to its conclusion. Hopefully, you can now use our reviews and comparison tool with more confidence knowing that you are just a few minutes away from finding your ideal forex broker in Spain. Be sure to check out our host of detailed reviews at TradersBest where you can find out everything you need to know about the best forex trading sites in Spain.

Interactive Brokers
89/100
Interactive Brokers Review
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Best Spain forex broker FAQ

🔐Is forex trading legal in Spain?

Even if you think that a site might be the best forex platform worldwide it’s important to know that the site is completely legal to use first. As such, our guide to forex trading in Spain takes the time to shed some light on the current legality of this trading avenue in the country. If you are still unsure about the legality of forex trading in Spain, check out our review to learn more.  

👀Where can I find the best forex brokers in Spain?

If you are looking for a comprehensive forex broker list Spain, look no further than our detailed guide. In our guide, we shed some light on where you can find all of the best forex brokers in Spain, all in one place.  

💹What forex trading strategies should I use?

Knowing what forex trading strategies to use will come down to what kind of trader you consider yourself to be in the first place. Our guide will help you to better understand what kind of trader you are and what kind of forex trading strategy you should be using.  

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