Best Day Trading Platforms and Brokers in Spain 2024

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Written By
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Written By
Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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Edited By
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Edited By
James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
Updated

To day trade financial markets like stocks listed on the Bolsa de Madrid, the IBEX 35 index, or currency pairs containing the EUR, you’ll need to open an account with an online broker.

The Comisión Nacional del Mercado de Valores (CNMV) regulates brokers in Spain, though other EU-regulated platforms can provide short-term trading products to Spanish investors through the EU’s passporting scheme.

We’ve identified the best day trading brokers in Spain following rigorous tests. Many of these platforms offer tailored services for Spanish traders, including local securities, EUR accounts and the most popular e-wallet in the country, PayPal.

Top 5 Platforms For Day Trading In Spain

Following our extensive tests of hundreds of online brokers, these 5 stand out as the best for short-term traders in Spain:

  1. Eightcap - Eightcap delivers in every area for day traders with a growing selection of charting platforms and AI-powered tools. Now sporting 250+ crypto CFDs and the Crypto Crusher market scanner, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.
  2. LiteForex Europe - LiteForex is a good option for active day traders with variable spreads from 0.0 pips, daily analysis and high-quality training guides. The forex copy system also lets you duplicate the positions of experienced traders.
  3. DNA Markets - DNA Markets is an excellent choice for short-term traders familiar with the MetaTrader platforms. The smooth sign-up process also makes it easy to get started while the $100 minimum deposit is accessible. That said, DNA Markets trails the top brokers in education, research and mobile trading.
  4. InstaForex - InstaForex maintains its position as a top forex broker, with more currency products than most rivals. The tight spreads and low minimum deposits make it accessible to all experience levels, especially those familiar with the MT4 and MT5 platforms.
  5. Trade Nation - Trade Nation is a good choice for newer traders looking for a wide range of financial markets on a user-friendly platform. There is no minimum deposit, free funding options and strong education.

Best Day Trading Platforms and Brokers in Spain 2024 Comparison

Best Day Trading Platforms and Brokers in Spain 2024 Comparison
Broker Minimum Deposit Markets Platforms Leverage Regulator Visit
Eightcap logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, TradingView 1:30 ASIC, FCA, xCySEC, SCB Visit
LiteForex Europe logo
$50 CFDs, Forex, Indices, Commodities MT4, MT5 1:30 CySEC Visit
DNA Markets logo
$100 CFDs, Forex, Indices, Commodities, Stocks, Crypto MT4, MT5 1:500 ASIC Visit
InstaForex logo
€200 CFDs on Stocks, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Shares & ETFs, Shares Baskets MT4, MT5 1:30 (Retail), 1:500 (Pro) CySEC Visit
Trade Nation logo
$0 Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only) MT4 1:500 (entity dependent) FCA, ASIC, FSCA, SCB, FSA Visit
IG logo
$0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral 1:30 (Retail), 1:222 (Pro) FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA Visit
BlackBull Markets logo
$0 Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos MT4, MT5, cTrader, TradingView, AutoChartist 1:500 FMA, FSA Visit
Vantage logo
$50 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds ProTrader, MT4, MT5, TradingView, DupliTrade 1:500 FCA, ASIC, FSCA, VFSC Visit
FxPro logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Futures FxPro Platform, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade 1:30 (Retail), 1:500 (Pro), 1:1000 (Via Prime Ash Capital Limited) FCA, CySEC, FSCA, SCB, FSC Visit
CMC Markets logo
$0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting Web, MT4 1:30 (Retail), 1:500 (Pro) FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA Visit
FXCC logo
$0 CFDs, Forex, Indices, Commodities, Crypto MT4 1:500 CySEC Visit
XTB logo
$0 CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs xStation 1:30 (EU) 1:500 (Global) FCA, CySEC, KNF, CNMV, DFSA, FSC Visit
Plus500 logo
$100 CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto WebTrader, App 1:30 FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA Visit
Fusion Markets logo
$0 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, cTrader, TradingView, DupliTrade 1:500 ASIC, VFSC, FSA Visit
FBS logo
$5 CFDs, forex, indices, shares, commodities, cryptocurrencies MT4, MT5 1:30 (EU & Restricted Countries), 1:3000 (Global) ASIC, CySEC, FSC, FSCA Visit

#1 - Eightcap

Why We Chose Eightcap

Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 1,000+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.

  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
  • Regulator: ASIC, FCA, xCySEC, SCB
  • Platforms: MT4, MT5, TradingView
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30

#2 - LiteForex Europe

Why We Chose LiteForex Europe

LiteForex Europe is a CFD broker established in 2008 and authorized by the CySEC. The brokerage offers forex, commodities and indices via the MT4 and MT5 platforms. Spreads are ultra tight on ECN accounts and leverage is available up to 1:30 in line with EU regulations. LiteForex also offers a rich education centre for new day traders and social trading capabilities.

  • Instruments: CFDs, Forex, Indices, Commodities
  • Regulator: CySEC
  • Platforms: MT4, MT5
  • Minimum Deposit: $50
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30

#3 - DNA Markets

Why We Chose DNA Markets

DNA Markets is a forex and CFD broker established in 2020. The broker operates two entities in Australia and the offshore jurisdiction, St Vincent and the Grenadines. Traders can access 250+ markets, with a Standard account for beginners and a Raw account for experienced traders. The reliable MetaTrader 4 and MetaTrader 5 platforms are available, alongside Signal Start.

  • Instruments: CFDs, Forex, Indices, Commodities, Stocks, Crypto
  • Regulator: ASIC
  • Platforms: MT4, MT5
  • Minimum Deposit: $100
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:500

#4 - InstaForex

Why We Chose InstaForex

InstaForex is a forex and CFD broker founded in 2010. The broker offers diverse market coverage to millions of clients, spanning traditional assets like currencies and shares, as well as other interesting opportunities such as IPOs.

  • Instruments: CFDs on Stocks, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Shares & ETFs, Shares Baskets
  • Regulator: CySEC
  • Platforms: MT4, MT5
  • Minimum Deposit: €200
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:500 (Pro)

#5 - Trade Nation

Why We Chose Trade Nation

Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.

  • Instruments: Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)
  • Regulator: FCA, ASIC, FSCA, SCB, FSA
  • Platforms: MT4
  • Minimum Deposit: $0
  • Minimum Trade: 0.1 Lots
  • Leverage: 1:500 (entity dependent)

Methodology

To find the best day trading platforms in Spain, we searched our database of 500 online brokers, removed any that don’t accept traders from Spain, and ranked them by their overall rating.

Our ratings combine the results of 100+ data points with the firsthand observations of our testers.

  • We verified that each broker accepts Spanish day traders.
  • We prioritized trusted brokers with credible licensing.
  • We focused on brokers with competitive day trading fees.
  • We checked each broker for a wide range of day trading markets.
  • We confirmed that each broker offers powerful charting tools for technical analysis.
  • We favored brokers with transparent leverage and margin requirements.
  • We investigated each broker’s execution speed and quality.

DayTrading.com broker testing methodology overview

How To Choose A Day Trading Broker In Spain

Our years of experience and countless hours testing day trading platforms have shown us that there are several important factors to consider when choosing a broker:

Choose A Trustworthy Broker

A trusted firm will have a long track record, a great reputation, and be licensed by a respected financial body. They’ll also provide safeguards to protect you from trading scams, which have targeted Spanish investors in recent years.

Euronews, for example, reported the arrest of 8 suspects who ran a pyramid scheme targeting young people. The organizers ran a fake trading academy, employing cult-like techniques on young victims to cut ties with their families and dedicate themselves to the academy.

This highlights the importance of day trading with platforms regulated by a reputable authority. In Spain, the Comisión Nacional del Mercado de Valores (CNMV) oversees online brokers, although other European-regulated brokers can onboard Spanish traders through the European Union’s passporting scheme.

  • IG is a highly trusted broker with 50+ years in the industry, a public listing on the London Stock Exchange (LSE) and licensing from multiple ‘green tier’ authorities, including the FCA (UK), FINMA (Switzerland) and CFTC (US).

Choose A Broker With Low Fees

Low trading fees will help you keep frequent transaction costs down and in turn, protect your profits.

Spreads and commissions are the most common day trading fees, but we also consider non-trading costs like funding or account maintenance charges.

It’s also worth weighing the costs with the overall quality of service provided. For example, we’ve found some of the best brokers provide specific insights into Spanish markets, like the IBEX 35 index, or tools that give you direct economic updates from the Banco de España, helping you identify short-term trading opportunities.

Free economic calendar at Fusion Markets showing filtered events in Spain
Fusion Markets – Economic Calendar
  • Fusion Markets continues to offer terrific pricing on major assets like EUR/USD, with spreads from 0.0 pips and ultra-low commissions from $2.25 per side. I also love that you get free access to tailored tools, including an intuitive economic calendar where you can filter for events in Spain.

Choose A Broker With The Markets You Want To Trade

Trading a wide range of markets will allow you to spread your risk and explore different market opportunities.

For Spanish traders, we look for local assets like currency pairs involving the EUR, Spanish indices and stocks listed on the Bolsa de Madrid, and the country’s chief export commodities like crude oil and copper.

Infographic showing popular day trading markets in Spain

  • CMC Markets is a top pick for Spanish traders, with 12,000+ instruments on offer including all major EUR currency pairs, the IBEX 35 index, plus a range of local stocks such as Banco de Sabadell and Ferrovial.

Choose A Broker With Reliable Charting Platforms

A powerful charting platform is crucial for day traders developing their short-term strategies.

Common solutions include the renowned MetaTrader 4 and MetaTrader 5, but we also highly rate the modern alternatives that are becoming prevalent, namely cTrader and TradingView.

I love cTrader’s intuitive and feature-rich interface that makes research and technical analysis smooth.

As you can see in the example below, I was able to leverage the platform’s Autochartist integration to view real-time insights and chart patterns for the ES35 Index, directly from my workspace.

author image
Jemma Grist
Author
cTrader platform showing Spanish IBEX index
cTrader Platform
  • Vantage remains a top pick when it comes to charting tools, with terminals to suit all requirements including MT4, TradingView and a proprietary solution: ProTrader. Short-term traders also benefit from additional automated trading tools and research from Autochartist and DupliTrade.

Choose A Broker With Good Execution Quality

The best brokers deliver optimum conditions for fast-paced trading strategies like day trading.

Low latency and slippage will ensure that trades are executed at the requested time and price. We also investigate the speed at which trades are executed where possible – ideally looking for less than 100 milliseconds.

  • FxPro maintains its position as one of the fastest brokers in the industry, delivering ultra-fast non-dealing desk execution of less than 12 milliseconds. Additionally, more than 84% of trades were executed at the requested price or better in 2023.

Choose A Broker With Transparent Leverage and Margin Requirements

A key component of day trading, leverage allows you to magnify your potential returns using only a small outlay, known as margin.

The best brokers are crystal clear about how much money you need to put down and maintain in your account to trade with leverage.

Let’s say I believe the IBEX 35 is going to increase because I anticipate better-than-expected GDP and unemployment figures are about to be released.

My broker offers me 1:10 leverage on the IBEX, meaning if I put down €100, my purchasing power would be €1000 (10 x €100).

If the IBEX does indeed increase, my profits will be multiplied by 10. That said, so too will my losses if it falls. As a result, a solid risk management strategy is crucial.

author image
Jemma Grist
Author
  • Eightcap offers flexible leverage rates depending on the entity you trade with. The international branch, for instance, offers leverage up to 1:500, while the EU-regulated entity caps leverage at 1:30, making it a safer option for retail investors in Spain, especially beginners.

Choose A Broker With An Accessible Minimum Deposit

Based on our regular evaluations, most brokers require up to €250 to open a live account, though many day trading platforms let you start with much less.

We also favor brokers that support local payment methods which may offer cheaper and faster transactions. Findings from Pay.com reveal that PayPal is still the most popular digital wallet in Spain, though alternatives like Apple Pay and Google Pay are gaining ground.

💡
Most of our recommended day trading platforms offer EUR accounts helping Spanish traders swerve conversion fees.
  • XTB’s €0 minimum deposit makes it a superb choice for beginners or traders on a budget. It also offers EUR-based accounts and a range of free and convenient deposit options for Spanish day traders, including PayPal.

FAQ

Who Regulates Day Trading Platforms In Spain?

The Comisión Nacional del Mercado de Valores (CNMV) is responsible for overseeing the financial markets in Spain, including day trading brokers.

That said, other European regulators, such as the CySEC and BaFin, are also permitted to accept Spanish traders through the EU’s passporting scheme.

Which Is The Best Broker That Accepts Day Traders From Spain?

Use our ranking of the best day trading brokers in Spain to find a suitable option.

IG, for example, is highly trusted and offers an excellent range of local markets, including Spanish ETFs and bonds, plus a EUR account.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com