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Best CFD Trading Platforms and Brokers in Spain 2024

Written By

James Barra

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.

» James Barra Profile Page

Fact Checked By

Jemma Grist

Fact Checked 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.

» Jemma Grist Profile Page

Updated

Apr 17, 2024

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. LQDFX - LQDFX is best for active day traders looking for ultra-tight spreads, low fees and high leverage up to 1:1000. Forex traders will particularly appreciate the strong range of 70+ currency pairs with minimum deposits starting from $20.

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
	✔	✔	$100	CFDs, Forex, Stocks, Indices, Commodities, Crypto	MT4, MT5, TradingView	1:30	Visit
	✔	✔	$50	CFDs, Forex, Indices, Commodities	MT4, MT5	1:30	Visit
	✔	✔	$100	CFDs, Forex, Indices, Commodities, Stocks, Crypto	MT4, MT5	1:500	Visit
	✔	✔	€200	CFDs on Stocks, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Shares & ETFs, Shares Baskets	MT4, MT5	1:30 (Retail), 1:500 (Pro)	Visit
	✔	✔	$20	Forex, CFDs, Stocks, Indices, Commodities, Crypto	MT4	1:1000	Visit
	✔	✔	$0	Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)	MT4	1:500 (entity dependent)	Visit
	✔	✔	$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
	✔	✔	$0	Forex, CFDs, stocks, indices, energies, metals, commodities, cryptos	MT4, MT5, cTrader, TradingView, AutoChartist	1:500	Visit
	✔	✔	$50	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds	ProTrader, MT4, MT5, TradingView, DupliTrade	1:500	Visit
	✔	✔	$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
	✔	✔	$0	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting	Web, MT4	1:30 (Retail), 1:500 (Pro)	Visit
	✔	✔	$0	CFDs, Forex, Indices, Commodities, Crypto	MT4	1:500	Visit
	✔	✔	$0	CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs	xStation	1:30 (EU) 1:500 (Global)	Visit
	✔	✔	$100	CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto	WebTrader, App	1:30	Visit
	✔	✔	$0	CFDs, Forex, Stocks, Indices, Commodities, Crypto	MT4, MT5, cTrader, TradingView, DupliTrade	1:500	Visit

#1 - Eightcap

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Review

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

About 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.

Pros

• Eightcap stands out with a selection of powerful trading tools, including MT4 and MT5, the innovative algorithmic trading platform Capitalise.ai, and more recently the 50-million strong social trading network TradingView.
• After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
• With tight spreads from 0 pips, low commission fees, and high leverage up to 1:500 for certain clients, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping.

Cons

• Despite a useful library of educational guides and e-books, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
• In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
• The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.

Visit Eightcap

#2 - LiteForex Europe

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Review

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

About 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.

Pros

• LiteForex offers a client-oriented approach, with personal manager assigned to each trader and 24/5 multilingual customer support
• LiteForex has been established for 15+ years and is regulated by a trusted regulator, CySEC
• The broker offers a VPS server for experience day traders looking to run their auto strategies continuously

Cons

• Cryptocurrency trading is not offered
• Fees are fairly high, with spreads starting from 2.0 pips in the Classic account and $10 forex commissions in the ECN account
• There is no swap-free trading account for Muslim day traders

Visit LiteForex Europe

#3 - DNA Markets

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Review

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

About 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.

Pros

• Top-rate platforms and charting tools for day traders with access to MT4 and MT5
• Convenient account funding with 7 base currencies, a $100 deposit and a wide range of payment methods
• Low trading fees with spreads from 0.0 pips in the Raw account and zero non-trading fees

Cons

• There are limited educational and research tools, reducing its appeal to beginners
• Although it continues to strengthen its client base and reputation DNA Markets lacks the track record of top brokers like Vantage
• The investment offering trails alternatives, especially in terms of stocks, cryptos and commodities

Visit DNA Markets

#4 - InstaForex

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Review

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

About 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.

Pros

• InstaForex has a strong industry reputation, with a 14+ year history and serving millions of clients
• The broker is accessible for beginners, with low minimum deposits and zero-commission trading available
• The broker is a particularly good pick for serious forex traders, with over 100 currency pairs, tight spreads from 0.0 pips and a market-leading selection of curated forex market resources

Cons

• The broker’s website and client cabinet feel outdated and difficult to navigate for newcomers
• The broker’s global branch offers weaker regulation via the offshore jurisdiction of the British Virgin Islands, which means non-EU traders will receive limited safeguards
• Market coverage and account conditions vary significantly between the global and EU entities - for example, only 300+ instruments are available for global clients, whilst European traders can access 2500+

Visit InstaForex

#5 - LQDFX

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Review

Why We Chose LQDFX

LQDFX offers a modest collection of CFDs covering currencies, metals, stocks, indices, commodities and cryptos. The 50+ technical indicators and drawing tools pre-included in MT4 will facilitate both short-term and long-term strategies.

• FTSE Spread: 0.90
• GBPUSD Spread: 0.1
• Stocks Spread: 0.05 (Apple Inc)
• Leverage: 1:1000
• Platforms: MT4

About LQDFX

LQDFX is a straight-through processing (STP) broker based in the Marshall Islands. The offshore trading firm offers competitive spreads from 0.0 pips, free deposits, 24/5 support and access to the hugely popular MetaTrader 4 platform. LQDFX also runs a competitive bonus program for short-term traders.

Pros

• There are multiple STP account types with fast execution speeds, plus an Islamic swap-free option and PAMM accounts
• The $20 minimum initial deposit is accessible for beginners, and the Micro account will serve those looking to trade in smaller volumes
• The broker offers the industry favorite MT4 platform and mobile app, with 30 technical indicators for chart analysis

Cons

• It's a shame that there's no copy trading platform for beginners or experienced strategy providers
• There are no additional charting platforms available, such as MT5 or a proprietary solution
• Market research tools and educational resources are very limited compared to top brands like IG

Visit LQDFX

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.

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.

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).

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).

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.

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.

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.

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.

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.

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.

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.