Best Forex Brokers in Spain 2026 [CNMV]

The Spanish Forex market continues to expand within a highly regulated financial framework governed by CNMV and aligned with the European Union’s MiFID II standards.

At the same time, Spain remains fully integrated into the broader European trading ecosystem, enabling traders to engage with both locally authorized brokers and EU-based firms. Here are the best brokers Forex traders in Spain.

		MultiBank Group	Study Review	Sign up
		Fusion Markets	Study Review	Sign up
		Global Prime	Study Review	Sign up
4		FXCM	Study Review	Sign up
5		LiteForex	Study Review	Sign up
6		eToro	Study Review	Sign up
7		Darwinex	Study Review	Sign up
8		FxGrow	Study Review	Sign up
9		Moneta Markets	Study Review	Sign up
10		Libertex	Study Review	Sign up

Trustpilot Ratings of Forex Brokers in Spain

 Knowing the trust score of each broker and other traders’ opinion about them as an essential part of evaluation the best forex broker in Spain.

Minimum Spreads of Forex Brokers in Spain

The main trading cost that traders pay in Spain are spreads. Here is the minimum spread amount in the best Forex broker of Spain. 

Non-Trading Fees in Forex Brokers of Spain

Non-trading fees including deposit, withdrawal, and inactivity fees add up to the overall costs of trading with a well-known broker in Spain. The table below contains information about the non-trading fees of the best Forex brokers in Spain.

Number of Tradable Instruments in Forex Brokers of Spain

Here are the number of tradable assets in the best Forex brokers of Spain.

Top 8 Forex Brokers in Spain

Spain’s Forex market is served by internationally established brokers offering leverage up to 1:30, minimum deposits starting from $10, and access to over 2,000 tradable instruments.

These assets span across Forex, CFD contracts, commodities, stocks, indices, and cryptocurrencies under multi-jurisdiction regulatory frameworks.

FxGrow

FxGrow operates as a multi-regulated Forex and CFD brokerage established in 2008, offering access to global markets including Forex, indices, commodities, metals, energies, futures CFDs, and cryptocurrencies.

All these regulatory bodies require traders to complete the FxGrow verification process to comply with AML and KYC laws.

Trading is conducted through the MetaTrader 5 platform, with execution based on market pricing and ECN-styled account structures including ECN, ECN Plus, and ECN Elite.

Entry requirements remain accessible, with minimum deposits from $100 and base currencies in USD, EUR, and PLN.

Spreads vary by account type, reaching as low as 0.00001 pips on ECN-VIP configurations, while commission is applied at $8 per FX round-turn.

New users begin through the FxGrow registration process, followed by mandatory KYC procedure requiring proof of identity and residence.

Once onboarded, account management and funding activities are handled through the FxGrow dashboard, where traders monitor execution, margin levels, swaps, and portfolio exposure.

FxGrow also integrates copy trading, supports Islamic accounts, and provides multi-channel customer support, positioning itself as a structured brokerage solution for diversified retail participation.

FxGrow Pros and Cons

Here are the advantages and disadvantages of trading with the FxGrow broker.

LiteForex

LiteForex operates as a CySEC-regulated Forex and CFD brokerage established in 2008 and headquartered in Limassol, Cyprus.

The company holds license number 093/08 and participates in the Investor Compensation Fund, while its global entity, LiteFinance broker extends services internationally under FSC supervision in Mauritius.

Account structures include Classic, ECN, and Demo, supported by base currencies USD, EUR, GBP, and PLN. Entry requirements remain accessible, with a minimum deposit of $50 and minimum trade size of 0.01 lots. The ECN account features variable spreads from zero with commission from $5 per lot, while the Classic account applies floating spreads from two points with no commission.

Maximum leverage for EU clients is capped at 1:30 under CySEC regulatory conditions.

LiteForex integrates copy trading as an investment option and provides a multi-channel support framework operating 24/5.

Pros and Cons of LiteForex

The following table contains the benefits and drawbacks of choosing LiteForex as your broker.

Darwinex

Darwinex operates as a hybrid brokerage and asset-management platform established in 2012, providing regulated market access across Forex, CFDs, futures, stocks, indices, ETFs, options, and cryptocurrencies.

A defining feature of Darwinex is its proprietary DARWIN framework, which converts trading strategies into investable assets, enabling traders to attract third-party capital and earn performance-based fees.

Investment services are further expanded through DarwinIA and Darwin Zero programs, while platform integration with Interactive Brokers (IBKR) grants access to global exchanges including CME, CBOE, EUREX, and ICE.

Account structures include Live, Professional, Darwin IBKR, and Classic IBKR, supported by platforms such as MetaTrader 4, MetaTrader 5, TradingView, NinjaTrader, TWS, MultiCharts, and DARWIN API.

All traders must do to access this extensive account types is completing the Darwinex registration. Entry requirements start from a $500 minimum deposit, with leverage reaching up to 1:200 under specific account conditions.

Although Darwinex does not provide Islamic or PAMM accounts and applies geographic restrictions, its regulatory depth, advanced investment architecture, and diversified asset offering position it as a distinct participant within the institutional-grade trading ecosystem.

This brokerage requires all traders to complete the Darwinex verification process to comply with AML laws. Top of FormBottom of Form

Darwinex Pros and Cons

Traders must consider the following pros and cons before joining the Darwinex broker.

Moneta Markets

Moneta Markets is a multi-asset Forex and CFD broker established in 2020 and headquartered in Johannesburg, operating under FSCA regulation in South Africa and registration with the Saint Lucia financial registry.

The broker provides access to more than 1,000 tradable instruments across Forex, stocks, indices, commodities, bonds, ETFs, and cryptocurrencies, supported by STP and ECN execution models.

Client onboarding begins with the Moneta Markets registration process, which grants access to multiple trading environments including MetaTrader 4, MetaTrader 5, Pro Trader, and App Trader.

Following onboarding, users complete Moneta Markets verification by submitting identity and address documentation through the Moneta Markets dashboard, where funding, withdrawals, account configuration, and risk management tools are centrally managed.

Moneta Markets integrates copy trading and PAMM account investment services while supporting Islamic accounts and demo trading.

Moneta Markets Pros and Cons

Before creating an account with the Moneta Markets broker, consider the following advantages and disadvantages.

Global Prime

Global Prime is a multi-asset Forex and CFD brokerage founded in 2010 in Australia, operating under regulatory oversight from the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

The broker provides market access to more than 150 tradable instruments across Forex, Indices, Commodities, Crypto CFDs, Bonds, and US Share CFDs.

Trading infrastructure is built primarily around the MetaTrader 4 (MT4) platform, supporting Expert Advisors, VPS hosting, algorithmic trading, and market execution with raw spreads from 0.0 pips on Raw accounts and standard pricing from 0.9 pips on Standard accounts.

Client onboarding begins with the Global Prime registration workflow, followed by structured Global Prime verification through digital KYC procedures covering identity validation, residency confirmation, and regulatory compliance.

Account configuration, leverage selection up to 1:500, margin controls, funding operations, and withdrawal management are centralized within the client portal.

The brokerage ecosystem further integrates Autochartist trading signals, ZuluTrade social trading connectivity, GP Hub payment processing, and multi-currency account support across USD, AUD, EUR, GBP, CAD, SGD, and JPY.

Traders who want to use this broker can benefit from the TradingFinder IB Global Prime rebate program and earn spread and commission cashbacks up to 44.44%.

Pros and Cons of Global Prime

Traders must consider the pros and cons of trading with Global Prime before creating a new Forex trading account with this broker.

Fusion Markets

Fusion Markets is a multi-jurisdiction Forex and CFD brokerage founded by Phil Horner, operating under regulatory supervision from theAustralian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

The broker delivers access to more than 250 tradable instruments across Forex, Indices, Share CFDs, Commodities, Metals, Energy, and Cryptocurrencies, supported by market execution on MetaTrader 4, MetaTrader 5, cTrader, and TradingView.

Client onboarding begins with the registration process, after which users proceed through Fusion Markets verification via a structured KYC framework that validates identity and residency documentation.

Account management, funding operations, platform configuration, VPS access, copy trading integration, and risk controls are centralized inside the Fusion Markets dashboard, where traders manage leverage, margin levels, and execution preferences.

From a custody and compliance standpoint, Fusion Markets maintains segregated client funds with HSBC and National Australia Bank, supports MAM and PAMM investment models, integrates DupliTrade copy trading systems, and enforces margin call and stop-out mechanisms.

This institutional-grade trading architecture positions Fusion Markets within the professional retail brokerage segment defined by regulatory oversight, execution transparency, and multi-asset market infrastructure.

Fusion Markets Pros and Cons

Check the table below to see what are the pros and cons of trading with the Fusion Markets broker.

MultiBank Group

Founded in 2005, MultiBank Group operates as a global multi-asset brokerage headquartered in Dubai, delivering trading services across Forex, Share CFDs, Indices, Commodities, Metals, Futures, and Cryptocurrencies.

Client onboarding begins with MultiBank registration, after which all account management, funding operations, and platform controls are handled inside the MultiBank dashboard.

Trading infrastructure supports MetaTrader 4, MetaTrader 5, and the proprietary MultiBank-Plus platform, enabling access to over 20,000 tradable instruments.

Expert Advisors, FIX API connectivity, VPS hosting, and copy trading via PAMM and MAM structures are all available after completing the MultiBank verification.

Account models include Standard, Pro, and ECN, with spreads from 0.0 pips, zero commission, leverage up to 1:500, and minimum deposits from $50.

While educational research remains limited and geographic restrictions apply in regions such as the USA and UK, MultiBank’s regulatory depth, asset diversity, and execution framework place it firmly within the institutional retail brokerage segment.

MultiBank Group Pros and Cons

The following table helps traders decide whether MultiBank Group pros outweigh its cons.

FXCM

Founded in 1999, FXCM (Forex Capital Markets) operates as a globally recognized multi-asset Forex and CFD broker regulated by FCA, ASIC, CySEC, FSCA, and ISA.

The brokerage provides market access across Forex, Indices, Commodities, Cryptocurrencies, and Share CFDs, supporting execution on MetaTrader 4, TradingView, and TradeStation.

Client onboarding begins with FXCM registration, followed by full KYC compliance, where identity and residency documentation are submitted digitally before trading access is granted.

Account configuration, funding, withdrawal processing, margin controls, and risk management tools are administered through the MyFXCM client portal.

FXCM further integrates algorithmic trading, Capitalize AI, ZuluTrade copy trading, VPS hosting, and volume-based incentives such as the FXCM rebate program for high-activity traders.

From a safety perspective, FXCM enforces segregated client funds, negative balance protection, and investor compensation coverage up to £85,000 under FSCS eligibility.

Pros and Cons of FXCM

Here are the benefits and drawbacks of trading with FXCM.

Is Forex Trading Legal in Spain?

Forex trading in Spain is fully permitted and operates under the supervision of the Comisión Nacional del Mercado de Valores (CNMV), the country’s primary financial regulator.

Spanish and EU regulations strictly prohibit the marketing and distribution of binary options, and since 2023, the CNMV has imposed additional restrictions on CFD advertising, including bans on celebrity endorsements and event sponsorships.

This regulatory structure ensures that Spain’s Forex market functions within a transparent, tightly controlled financial environment.

Which Financial Authority Regulates Forex Brokers in Spain?

Spain’s Forex market operates within a multilayered regulatory structure shaped by both national legislation and European financial governance.

Primary oversight is exercised by the Comisión Nacional del Mercado de Valores (CNMV), a tier-1 financial authority based on TF scores.

CNMV is the national authority responsible for supervising securities markets, investment firms, and Forex activity under the legal framework of Securities Market Law 24/1988.

The CNMV functions as an independent public institution under the supervision of the Ministry of Economy and Finance, with governance conducted by a formal board structure that includes executive and advisory committees.

The CNMV is chaired by Carlos San Basilio, with Paloma Marín Bona serving as Vice Chair. The regulator plays an active enforcement role, issuing public warnings against unauthorized platforms and processing investor complaints.

At the European level, the Spanish financial system operates within the regulatory scope of the European Securities and Markets Authority (ESMA), established in 2011.

Spanish traders may access both CNMV-licensed brokers and EU-authorized firms operating under the MiFID II passporting regime, although local CNMV authorization provides additional domestic legal protections and dispute resolution mechanisms.

How to Verify CNMV Regulation

Verifying a broker’s regulatory status in Spain is a critical step in protecting capital and ensuring legal compliance within the Spanish Forex market.

The primary authority responsible for oversight is the Comisión Nacional del Mercado de Valores (CNMV), which maintains a public registry of authorized investment firms and financial institutions.

To confirm a broker’s authorization, Spanish traders should access the official CNMV website and check the CNMV Company Register, where regulated entities are listed with detailed records.

Searches can be conducted using the broker’s legal name or any part of its registered business identity, allowing traders to quickly identify whether a firm operates under CNMV supervision.

If the broker originates from another European Union member state, verification should continue through the European Securities and Markets Authority (ESMA) database, which catalogs MiFID II–compliant investment firms.

This database displays licensing jurisdiction, passporting status, and regulatory history. The CNMV further supports investor protection by issuing ongoing public warnings and maintaining blacklists of unauthorized entities.

In the event of disputes with a CNMV-licensed broker, traders are required to seek resolution directly with the firm before escalating the matter to the CNMV, which also serves as an independent mediator.

Do I Pay Taxes on My Forex Gains in Spain?

Profits from Forex and CFD trading in Spain are classified as Savings Income (capital gains) and taxed under the national IRPF (Personal Income Tax) framework.

There is no general tax-free threshold, and all profits must be reported annually.

All capital gains and losses are declared via Modelo 100, and foreign assets exceeding €50,000 must be disclosed using Modelo 720 by March 31 of each financial year.

The Spanish tax year follows the calendar year, with the main Modelo 100 filing period taking place in the spring and early summer of the following year.

Maintaining detailed transaction records and consulting a qualified tax advisor remain essential for regulatory compliance.

Do Forex Brokers in Spain Provide Negative Balance Protection?

Under CNMV regulations, Spanish Forex and CFD brokers are required to provide mandatory negative balance protection for retail clients. This safeguard ensures that account losses cannot exceed the trader’s deposited funds, eliminating any obligation to repay the broker.

The protection applies primarily to leveraged products, including CFDs, while professional accounts may fall outside this coverage.

These mechanisms, combined with maintenance margin rules, systematically limit downside exposure and prevent deficit balances, reinforcing investor protection within Spain’s regulated trading environment.

What is the Maximum Trading Leverage in Spain?

In Spain, trading leverage is governed by the regulatory framework of the Comisión Nacional del Mercado de Valores (CNMV) and fully aligned with the Markets in Financial Instruments Directive (MiFID II).

These limits apply to all CNMV-regulated Forex and CFD brokers servicing Spanish retail traders. The framework establishes instrument-specific caps that directly restrict risk exposure at the account level.

By contrast, offshore-licensed brokers operating outside the EU regulatory perimeter may advertise leverage ratios exceeding 1:400, but such offerings fall outside CNMV and ESMA protections and do not provide Spanish traders with the same regulatory safeguards.

What Are the Best Forex Trading Platforms in Spain?

Spanish traders operate within a technologically diverse trading environment that supports multi-asset execution across Forex, CFDs, indices, commodities, equities, and cryptocurrencies.

The platform ecosystem available through CNMV-regulated and MiFID II-authorized brokers is built around globally recognized infrastructures that prioritize stability, analytical depth, and execution control.

MetaTrader 4 (MT4)

Introduced in 2005, MetaTrader 4 remains a core trading environment for Forex and CFD execution. It supports algorithmic trading through Expert Advisors (EAs), custom indicators, multi-timeframe analysis, and automated strategy testing.

MT4 is accessible on Windows, macOS, Android, and iOS, making it a standard interface for both discretionary and systematic traders.

MetaTrader 5 (MT5)

Released in 2010, MetaTrader 5 expands upon MT4 by enabling native access to a broader range of asset classes beyond Forex, including equities and futures.

It features an advanced economic calendar, enhanced strategy tester, depth of market (DOM), and improved order management architecture.

TradingView

Founded in 2011, TradingView functions as both a professional charting engine and a financial social network. It offers cloud-based access to advanced technical indicators, custom scripting via Pine Script, multi-asset screening, and collaborative analysis across global markets.

cTrader

Launched in 2010, cTrader provides a highly customizable trading interface with institutional-grade execution, Level II pricing, detachable charts, and algorithmic development via cAlgo. It is widely adopted for ECN-style trading environments.

NinjaTrader

NinjaTrader specializes in futures, Forex, and options trading, offering advanced order flow tools, market depth visualization, strategy automation, and high-performance analytics.

Its modular architecture and professional execution engine make it a preferred platform for advanced and quantitative traders.

Forex Trading in Spain Compared to Other Countries

The table below provides a comparison of the trading conditions and regulatory perspective of Forex trading in Spain and 3 other countries.

Conclusion

Based on TradingFinder review of the best Forex brokers in Spain, we can conclude that FXCM, LiteForex, Moneta Markets, Global Prime, and Darwinex are the best available options.

Now traders must compare spreads, commissions, account types, deposit and withdrawal methods, leverage, and other important factors to choose the best option.

“Each broker has been thoroughly examined based on the Forex methodology of TradingFinder experts. Various factors, including regulation, trading fees, leverage, security, customer support, etc. have been considered when conducting the research to create this article.”