3 Best Forex Brokers in Spain for 2026
At FXEmpire, we have a 250-point rating system for brokers that we have tested. Our large database allows us to find the best options for traders, depending on their circumstances. For Spanish traders, they will be looking for more than just spreads or platforms. Yes, those are important, but there are other things that they will like, such as Spanish support, websites, and analysis.
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In this article, I am only including brokers that accept clients from Spain, giving priority to those licensed by the CNMV in Spain, and making sure these brokers are also regulated by top-tier European regulatory bodies. I also looked for those places that support the Euro as a base currency, avoiding unnecessary conversion costs.
Spanish language platforms were also a bonus, but not always easily found. The brokers should also offer a large list of assets for trade, such as forex, commodities, stocks, indices, crypto, and more, if possible.
List of Top Forex Brokers in Spain
Compare All Listed Brokers
| Broker | Score | Fees Score | Min Deposit | Max Leverage | Platforms | Visit Broker |
|---|---|---|---|---|---|---|
MultiBank Group | 4.5 | 4.0 | $50 | 1:500 (TFG) 1:30 (CySEC) · 1:30 (FMA) · 1:30 (BaFin) · 1:20 (MAS) · 1:30 (ASIC) · 1:1000 (BVI FSC) · 1:1000 (CIMA) | MT5, MT4, MultiBank App | All forms of investment carry risk including an investor not recovering the amount invested. These services may not be suitable to all. |
FxPro | 4.3 | 3.0 | $0 | 1:30 (FCA) 1:10000 (FSA) · 1:200 (SCB) · 1:30 (CySEC) | MT5, cTrader, MT4, FxPro Trading Platform, FxPro Mobile App, TradingView | 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing money. (EU, UK) |
Swissquote | 4.3 | 2.6 | $1000 | 1:100 (FINMA) 1:20 (SFC) · 1:30 (MFSA) · 1:100 (MAS) · 1:30 (CSSF) · 1:30 (CySEC) · 1:30 (FCA) · 1:30 (DFSA) · 1:100 (FSCA) | MT5, MT4, CFXD, TradingView | Investing in FX & CFD carries a high degree of risk. Losses can exceed your initial investments |
How Did I Select the Best Forex Brokers in Spain?
- I searched for brokers that are allowed to operate in Spain and are regulated by major European regulators.
- Only brokers that accept Spanish clients were included in this article.
- All brokers in this article support the euro (EUR) as a base account currency.
- I found brokers to offer platforms, websites, and customer support in Spanish.
Best Overall
- $50Min Deposit
- 14187Tradable Instruments
- MediumFees
Why We Picked It
MultiBank is based in Dubai and has been in operation since 2005. The ability to trade over 14,200 instruments means traders can trade the entire world. This includes forex, metals, shares, indices, commodities, and cryptocurrencies.
Key Features:
- Entity for Spanish Traders: MEX Europe Ltd, regulated by CySEC
- Max Leverage: 1:30 for retail traders and 1:200 for professional traders
- Website and customer support in Spanish: Yes
- Platforms in Spanish: MultiBank App (web and mobile), MetaTrader 4, and MetaTrader 5
- European Markets: 9 currency pairs, hundreds of stocks, 5 indices
- Spanish Assets: 1 Index
The MultiBank App is the platform I tested, and I found the TradingView-supplied charting was very familiar. The app is very fast and is very efficient. The markets are easy to look around, and allow the traders to find opportunities.
There is also a free Virtual Private Server for clients to take advantage of, for low-latency trading, and even a FIX API for Direct Market Access (DMA) trading. This allows traders to find raw spreads directly from the exchange order books.
The spreads are good, ranging from low to average, although the crypto markets are a bit of an outlier, with high spreads. The in-house market analysis and news area is top-notch, and even includes trading signals for those looking for them. The educational content is also a strong point.
Pros and Cons
- Over 20,000 tradable instruments
- Strong proprietary app
- Advanced market analytics
- Free VPS
- FIX APIs
- Copy trading available
- High spreads in crypto markets
Best Order Execution
- $0Min Deposit
- 2090Tradable Instruments
- HighFees
Why We Picked It
FxPro has been in operation since 1999 and offers over 2,100 assets for trading. Based out of London and heavily regulated, FxPro offers forex, commodities, share CFDs, indices, cryptocurrencies, futures contracts, and ETFs. With over 400 markets being based in the European Union, this will be a strong choice for local traders.
Key Features:
- Entity for Spanish Traders: FxPro Financial Services Ltd, regulated by CySEC
- Max Leverage: 1:30 for retail traders and 1:200 for professional traders
- Website and customer support in Spanish: Yes
- Platforms in Spanish: Yes (except for FxPro Trading Platform)
- Available Platforms: FxPro Web Trader, MT4, MT5, TradingView, and cTrader
- European Markets: 19 currency pairs, 2 metals, 352 share CFDs, 8 indices, 6 futures, multiple ETFs
- Spanish Assets: 1 Index
I used the Standard FxPro account for my testing, which has no commissions with tight spreads starting at 1.2 pips. The account doesn’t have a minimum deposit, and I found that overall, the spreads in this account were within the industry standards for most instruments.
FxPro has a robust proprietary trading platform, with excellent charting and technical analysis tools, and offers several order types, as well as one-click orders. The platform is super fast, as the average execution speed was 12 milliseconds. For those looking to automate trading, a free Virtual Private Server is offered to clients as well.
There is a strong market research area, as well as analysis. The broker also has multiple types of educational material, with technical analysis, fundamental analysis, and psychology all covered.
Pros and Cons
- Great selection of platforms
- 12 millisecond executions
- Over 2,100 assets
- Free VPS
- FxPro platform is in English only
Best Trading Platform
- $1000Min Deposit
- 454Tradable Instruments
- HighFees
Why We Picked It
Swissquote is out of Switzerland and has been in business since 1996. It has the ability to offer millions of investments – via structured products – depending on the amount deposited, as well as the local regulations. This bank is listed on the SIX Swiss Exchange and stands out from the crowd with its versatile trading platform.
Key Features:
- Entity for Spanish Traders: Swissquote Bank Europe Ltd, regulated by CSSF (Luxembourg)
- Max Leverage: 1:30 for retail traders
- Available Platforms: CFXD, MT4, MT5, TradingView, SQX (for crypto trading)
- Website and customer support in Spanish: Yes
- Platform in Spanish: Yes
- European Markets: 17 currency pairs, 2 metals, Multiple share CFDs, 9 indices, 1 bond
- Spanish Assets: 2 indices
I used the CFXD platform for my test, which is very streamlined and also has many supporting tools and high-definition charts. There are over 80 technical indicators and 15 timeframes available for traders to analyze markets.
There is the ability to place market, limit, stop, one-click, and chart-based orders, as well as trading alerts and watchlist customization. The advanced filters allow you to find what you are looking for quickly, and the broker has also integrated Autochartist analysis.
Swissquote has execution speeds as low as 9 milliseconds and provides FIX API solutions for traders to get Direct Market Access (DMA) trading, the ability to access an exchange order book directly for raw spreads. The Standard account has no commissions and floating spreads that start at 1.7 pips.
Pros and Cons
- Advanced trading platform
- Market research integration
- Trading, as well as investing solutions
- FIX APIs
- Spreads are slightly higher than other places
All the Brokers We Tested
Update history
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About the Authors
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
Christopher Lewis is an experienced trader and technical analyst specializing on currencies, indices, and commodities. He also has been working as a proprietary trader for institutional accounts. Chris has been an FXEmpire analyst since the site's early days and shares his trading insights on his own blog, The Trader Guy. His sharp, practical understanding of the trading industry means he knows forex and CFD brokers inside-out, so you can trust his guidance on how they work and which one to choose.
Aviva is a Senior Content Editor at FXEmpire. Her substantial contributions include refining over 150 broker reviews and 'Best Brokers Guides,' enhancing our proprietary methodology, and ensuring every fact is meticulously verified.
As a Senior Content Editor at FXEmpire, Ola has revised and fact-checked over 200 broker reviews and guides. Her profound understanding of financial markets has been crucial in developing the proprietary rating system.