Best CFD Trading Platforms and Brokers in Spain 2024

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Written By
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Written 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.
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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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CFD trading is popular in Spain, allowing investors to speculate on international and local markets, such as the IBEX 35. CFDs are regulated by the Spanish Securities Market Commission (CNMV), which tightened marketing rules in 2023, banning advertising by public figures and call centers.

We’ve reviewed close to 500 brokers to bring you the best CFD trading platforms in Spain. Every broker accepts traders from Spain and has earned the trust of our experts.

Top 5 CFD Trading Platforms in Spain

These 5 platforms consistently stand out as the best for CFD 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 CFD Trading Platforms and Brokers in Spain 2024 Comparison

Best CFD Trading Platforms and Brokers in Spain 2024 Comparison
Broker CFD Trading EUR Account Minimum Deposit Markets Platforms Leverage Visit
Eightcap logo
$100 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, TradingView 1:30 Visit
LiteForex Europe logo
$50 CFDs, Forex, Indices, Commodities MT4, MT5 1:30 Visit
DNA Markets logo
$100 CFDs, Forex, Indices, Commodities, Stocks, Crypto MT4, MT5 1:500 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) Visit
Trade Nation logo
$0 Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only) MT4 1:500 (entity dependent) 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) Visit
BlackBull Markets logo
$0 Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos MT4, MT5, cTrader, TradingView, AutoChartist 1:500 Visit
Vantage logo
$50 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds ProTrader, MT4, MT5, TradingView, DupliTrade 1:500 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) Visit
CMC Markets logo
$0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting Web, MT4 1:30 (Retail), 1:500 (Pro) Visit
FXCC logo
$0 CFDs, Forex, Indices, Commodities, Crypto MT4 1:500 Visit
XTB logo
$0 CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs xStation 1:30 (EU) 1:500 (Global) Visit
Plus500 logo
$100 CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto WebTrader, App 1:30 Visit
Fusion Markets logo
$0 CFDs, Forex, Stocks, Indices, Commodities, Crypto MT4, MT5, cTrader, TradingView, DupliTrade 1:500 Visit
FBS logo
$5 CFDs, forex, indices, shares, commodities, cryptocurrencies MT4, MT5 1:30 (EU & Restricted Countries), 1:3000 (Global) Visit

#1 - Eightcap

Why We Chose Eightcap

Eightcap offers a wide range of trading options with 800+ CFDs across stocks, indices, bonds, commodities, and cryptocurrencies (depending on location), with leverage up to 1:30/1:500. It excels in its tools, notably the AI-enabled economic calendar covering 25+ countries with impact filters (high, medium, low). However, its commodities offering, particularly in softs like cotton and wheat, as well as the limited precious metal and energy assets, is its weakest area.

  • FTSE Spread: 1.2
  • GBPUSD Spread: 0.1
  • Stocks Spread: 0.03 (Apple Inc)
  • Leverage: 1:30
  • Regulator: ASIC, FCA, xCySEC, SCB
  • Platforms: MT4, MT5, TradingView

#2 - LiteForex Europe

Why We Chose LiteForex Europe

LiteForex offers leveraged CFDs on popular asset classes, including currencies, commodities and indices. Traders can choose between the ECN and Classic account depending on their strategy alongside an accessible starting deposit and leading trading software from MetaTrader.

  • FTSE Spread: 0.7
  • GBPUSD Spread: 0.3
  • Stocks Spread: N/A
  • Leverage: 1:30
  • Regulator: CySEC
  • Platforms: MT4, MT5

#3 - DNA Markets

Why We Chose DNA Markets

DNA Markets offers a small suite of 250 CFDs covering stocks, indices, forex, commodities and cryptos, providing opportunities to speculate on rising and falling prices. There are no restrictions on strategies with leverage up to 1:30 (Australia) or 1:500 (rest of world).

  • FTSE Spread: 1.7
  • GBPUSD Spread: 1.0
  • Stocks Spread: 1.0 cent + $0.02 per share, per side (Apple)
  • Leverage: 1:500
  • Regulator: ASIC
  • Platforms: MT4, MT5

#4 - InstaForex

Why We Chose InstaForex

You can trade CFDs across a range of diverse markets with flexible account types and leverage up to 1:30. With access to both MT4 and MT5, day traders can execute multiple short-term CFD trading strategies using the dozens of pre-integrated technical indicators and graphical objects.

  • FTSE Spread: Av. Floating 100 pips
  • GBPUSD Spread: Av. Floating 0.6 pips
  • Stocks Spread: Commissions as low as 0.1%
  • Leverage: 1:30 (Retail), 1:500 (Pro)
  • Regulator: CySEC
  • Platforms: MT4, MT5

#5 - Trade Nation

Why We Chose Trade Nation

Trade leveraged CFDs on over 1000 assets with low-cost spreads. You can also take advantage of the broker's integrated signals to help you determine when to enter and exit positions.

  • FTSE Spread: From 0.4
  • GBPUSD Spread: From 0.6
  • Stocks Spread: Variable
  • Leverage: 1:500 (entity dependent)
  • Regulator: FCA, ASIC, FSCA, SCB, FSA
  • Platforms: MT4

How We Chose The Best CFD Trading Platforms In Spain

To pinpoint the best CFD trading platforms in Spain, we filtered our 500-strong database of brokers that have been exhaustively tested over several years, prioritizing those accepting Spanish traders and sorting them on their overall rating which considers crucial elements, notably:

We Selected Trusted Brokers

We picked CFD brokers we trust, leveraging our firsthand experience using their platforms and balancing their regulatory status with their industry reputation.

The Spanish Securities Market Commission (CNMV) is responsible for overseeing CFD trading, however as a European nation, the European Securities and Markets Authority (ESMA) and MiFID II are influential.

XTB CFD Trading Platform Spanish CNMV License
XTB – CNMV Authorization

ESMA passed judgment on CNMV’s 2023 decision to amend the rules regarding the marketing of CFD products, largely agreeing with the changes, despite noting a divergence in approach.

Under the CNMV resolution, advertising CFDs to retail investors, including through sponsorships, brand promotions, and public figures, is banned.

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MiFID’s passporting scheme allows CFD trading platforms registered in one EU country to offer services in other member states, including Spain, without needing separate regulatory approval in each country.
  • XTB stands out as a highly trusted CFD broker for Spanish traders, with authorization from five ‘Green-Tier’ regulators, including the CNMV, an office presence in Madrid, alongside a listing on the Warsaw Stock Exchange, demonstrating a high degree of financial transparency.

We Chose Brokers With Transparent Leverage Requirements

Leverage is a common component in CFDs, allowing traders to open positions larger than their cash balance, multiplying trading results (profits and losses).

Let’s say I’ve seen that Spanish telecoms company Telefonica (BME:TEF) is about to complete a major deal that could increase its share price. I may want to open a long position to capitalize on this using a leveraged stock CFD.

If I bought €1,000 worth of Telefonica stock at €5 a share using 1:5 leverage, I’d only need to put down €200 (5 x €200 = €1,000).

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James Barra
Author

We review the CFD trading conditions of all brokers we recommend, ensuring they are transparent about the required outlay to trade with leverage, known as margin, plus the level at which a margin call will be issued (a request to deposit more funds) and that stop-outs will take place (the automatic closure of trades to prevent further losses).

  • Eightcap excels here, offering leverage trading with clear margin requirements, including leverage up to 1:30 for Spanish retail investors in line with EU regulations.

We Prioritized Brokers With A Strong Investment Offering

We’ve selected CFD trading platforms that offer a wide range of underlying assets, including forex, stocks, indices, commodities and cryptos, covering local markets and international ones.

The Spanish economy is a strong player on the global stage. There are four major stock exchanges: Madrid, Bilbao, Barcelona and Valencia, all owned by the Bolsas y Mercados Españoles (BME).

It has a thriving financial sector, with Banco Santander (BME:SAN), Banco Bilbao (BME:BBVA), and CaixaBank (BME:CABK) all top five companies in the IBEX 35 index. It is also huge in fashion and textiles, with Inditex (BME:ITX), the conglomerate owning famous brands like Zara, Oysho and Massimo Dutti.

Popular CFD assets to trade in Spain
Popular CFD Trading Markets in Spain

Additionally, Spain has four of the top 125 busiest seaports in the world, making it an influential economy in foreign trade. It is also part of the Eurozone, making CFD trading in currency pairs containing the EUR an attractive proposition.

  • SaxoBank is a great example of a CFD broker that offers fantastic opportunities to speculate on the Spanish economy. Traders can access Spanish stocks such as Telefonica SA, CaixaBank SA and Acerinox SA. It also offers popular EUR pairs, including the EUR/GBP, EUR/CHF and EUR/USD.

We Selected Brokers With Excellent Pricing

A low-cost pricing structure is essential to build a profitable CFD portfolio, especially for day traders executing a large volume of trades where transaction fees can mount.

That’s why we analyze spreads on popular CFD assets, notably forex, stocks, indices and commodities, as part of our in-depth testing process. On top of that, we evaluate any additional fees, such as inactivity fees, to ensure there are no hidden extras.

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Choose a broker with a EUR account to minimize conversion fees while making managing CFD trading activities in Spain convenient.
  • CMC Markets shines for its industry-low CFD trading fees, notably a 0.7 spread on the EUR/USD, a 5.0 spread on the IBEX 35, plus spread discounts of up to 40% for active traders.

We Choose Platforms With Great Charting And Research Tools

CFD traders, especially short-term traders, need a platform that gives them a great suite of charting tools for technical analysis.

We’re regularly testing platforms and apps to ensure we’re recommending the best around for Spanish traders, paying particular attention to their usability, charting package, and research tools.

Chart on XTB's CFD trading platform
XTB – xStation

Most CFD brokers offer at least one of MetaTrader 4 or MetaTrader 5, and increasingly solutions like cTrader and TradingView, which continue to rival the MetaTrader suite in the charting department while delivering a more user-friendly design.

  • LiteForex is good if you want the reliable MT4 or MT5 desktop, web and mobile platforms, sporting over 65 indicators collectively, however XTB’s xStation is our pick for newer CFD traders with 5 chart types, 38 indicators and a stellar user experience, including on mobile.

We Opted For Brokers With Convenient Account Funding For Spanish Traders

Spanish residents generally prefer to use traditional payment methods like debit cards, credit cards or bank transfers, according to findings from Pay.com. However, digital wallets like PayPal are increasingly popular among CFD traders.

All our recommended CFD trading platforms in Spain offer a choice of bank cards, wire transfers and electric payment solutions. They also all have an affordable minimum deposit – we consider anything up to €250 accessible for most retail investors.

  • FxPro makes deposits and withdrawals hassle-free for Spaniards with support for bank cards, wire transfers and e-wallets notably PayPal, alongside an easy-to-navigate cashier portal and a low minimum deposit of €100.

FAQ

Who Regulates CFD Trading Platforms And Brokers In Spain?

The Spanish Securities Market Commission (CNMV) is the local regulator in Spain. However, as Spain is part of the EU, it’s also covered by the European Securities and Markets Authority (ESMA) and MiFID II.

This means that CFD trading platforms can be regulated by other European authorities and still provide services in Spain under the EU passporting scheme.

How Much Money Do I Need To Open A CFD Trading Account In Spain?

Our directory of hundreds of online brokers shows you typically need up to €250 to open a CFD trading account in Spain.

However, some CFD trading platforms cater specifically to budget traders with a €0 minimum deposit – the highest-rated is Trade Nation.

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