Looking for a forex broker in Spain to trade currencies like the euro? Discover our selection of the best forex trading platforms in Spain, personally tested and rated by our experts.
Many of these platforms are geared towards Spanish traders with authorization from ‘green tier’ EU bodies in DayTrading.com’s Regulation & Trust Rating, such as the National Securities Market Commission (CNMV).
The CNMV introduced restrictions in 2023 on the marketing of CFDs to local retail traders. Investors can seek these products on their own initiative, but we strongly advise caution around the risk of losses when trading leveraged CFDs.
Top Forex Trading Platforms In Spain
As of our latest tests in October 2026, these are the 6 best brokers for forex traders in Spain:
-
- GBPUSD Spread: 0.1
- EURUSD Spread: 0.0
- EURGBP Spread: 0.1
71.28% of retail traders lose money when trading CFDs -
- GBPUSD Spread: 1.4
- EURUSD Spread: 1.0
- EURGBP Spread: 1.4
75% of accounts lose money when trading CFDs with this provider. -
- GBPUSD Spread: 0.5
- EURUSD Spread: 0.18
- EURGBP Spread: 0.5
-
- GBPUSD Spread: 0.4
- EURUSD Spread: 0.1
- EURGBP Spread: 0.4
-
- GBPUSD Spread: 1.3
- EURUSD Spread: 0.6
- EURGBP Spread: 1.5
81% of retail CFD accounts lose money. -
- GBPUSD Spread: 0.9
- EURUSD Spread: 0.86
- EURGBP Spread: 0.9
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- Eightcap 4.6/5 Eightcap offers 50+ currency pairs in line with the industry average but trailing category leaders like CMC Markets with its 300+ currency pairs. However, Eightcap stands out with institutional-level spreads from 0.0 pips on major pairs like the EUR/USD, alongside low $3.50/side commissions. The broker also offers rich forex data to inform trading decisions, including key fundamentals, bullish/bearish indicators and a calendar that tracks key events in the foreign exchange market.
- XTB 4.8/5 XTB provides access to 70+ currency pairs with low spreads averaging around 1 pip on majors. The xStation platform offers an intuitive environment for forex traders with an excellent charting package encompassing 30+ indicators, plus a range of order types, catering to various strategies and risk management techniques.
- Vantage 4.7/5 Vantage offers 55+ currency pairs - above the industry average, so experienced traders can explore plenty of opportunities. Vantage's deep liquidity pool provides forex spreads from 0.0 pips in the ECN accounts, alongside a competitive commission that's typically $6.00 round trip per standard lot. There are also no deposit fees or hidden charges.
- FXCC 4.6/5 FXCC's key selling point is its forex trading conditions. ECN spreads come in as low as 0.0 pips during peak trading hours, while it supports a wider range of currency pairs than the majority of rivals with over 70 forex assets. Additionally, you have access to MT4, which was built specifically for forex trading and excels for its charting tools.
- Plus500 4.1/5 Plus500 provides forex trading through CFDs, featuring narrow spreads across an impressive selection of over 60 currency pairs. During testing, spreads came in as tight as 0.6 pips on the EUR/USD, which is notably lower than many alternatives.
- IG 4.8/5 IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD.
Best Forex Trading Platforms In Spain 2026 Comparison
| Broker | Forex Assets | EUR/USD Spread | Forex App Rating | Minimum Deposit | EUR Account | Regulator |
|---|---|---|---|---|---|---|
| Eightcap | 50+ | 0.0 | $100 | ✔Yes | FCA, ASIC, CySEC, FSC, SCB, FSA | |
| XTB | 70+ | 1.0 | $0 | ✔Yes | FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti | |
| Vantage | 55+ | 0.18 | $50 | ✔Yes | FCA, ASIC, FSCA, VFSC, CIMA | |
| FXCC | 70+ | 0.1 | $0 | ✔Yes | CySEC, MISA | |
| Plus500 | 60+ | 0.6 | $100 | ✔Yes | FCA, CySEC, EFSA, ASIC, FMA, FSCA, MAS, ISA, FSA, DFSA, SCA, JFSA, SCB, CIRO, BAPPEBTI, OJK, BI | |
| IG | 80+ | 0.86 | $0 | ✔Yes | CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Eightcap | 3909 | ||||
| XTB | 2935 | ||||
| Vantage | 15615 | ||||
| FXCC | 220 | ||||
| Plus500 | 20087 | ||||
| IG | 10134 |
Eightcap
Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row.
Christian Harris, Reviewer
Eightcap quick facts
- GBPUSD Spread
- 0.1
- EURUSD Spread
- 0.0
- EURGBP Spread
- 0.1
- Total Assets
- 50+
- Platforms
- MT4, MT5, TradingView, TradeLocker
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, SGD
Pros
- Having excelled across all key areas for day traders, Eightcap outperformed every competitor to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title for 2025 and 'Best TradingView Broker' for 2025.
- 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.
- Eightcap Challenges, the broker's prop trading firm, is multi-regulated, removing the third-party risks we commonly see with white-label prop firms, and its tailoring its funded accounts to crypto traders with around 150 crypto pairs, plus it's integrated into the TradingView interface.
Cons
- 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.
- Eightcap needs to continue bolstering its suite of 800+ instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
- 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.
XTB
XTB stands out as a top choice for new day traders with the terrific xStation platform, low trading costs, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform.
Christian Harris, Reviewer
XTB quick facts
- GBPUSD Spread
- 1.4
- EURUSD Spread
- 1.0
- EURGBP Spread
- 1.4
- Total Assets
- 70+
- Platforms
- xStation
- Account Currencies
- USD, EUR, GBP
Pros
- XTB has boosted its interest rate on uninvested balances and added zero-fee ISAs (On ETFs and real shares, or 0.2% with transactions over €100k) for UK clients with a huge range of markets available.
- XTB offers fast withdrawals with payment within 3 business days, depending on the method and amount.
- XTB has improved its assets and markets offering further in 2026 with options trading in Spain and Germany, spot cryptos in some regions, and Investment Plans 2.0 with more pre-built plans covering sectors like Defence, a more intuitive interface, and greater flexibility to combine single stocks and ETFs into individual plans.
Cons
- XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads.
- Not being able to adjust the default leverage level of XTB products is frustrating, as manual adjustment can significantly mitigate trade risk, especially in forex and CFD trading.
- The demo account expires after just four weeks, a serious limitation for traders who wish to thoroughly test the xStation platform and practice short-term strategies before committing real funds.
Vantage
Vantage remains an excellent option for CFD traders seeking a tightly-regulated broker with access to the reliable MetaTrader platforms. The fast sign-up process and $50 minimum deposit make it very straightforward to start day trading quickly.
Jemma Grist, Reviewer
Vantage quick facts
- GBPUSD Spread
- 0.5
- EURUSD Spread
- 0.18
- EURGBP Spread
- 0.5
- Total Assets
- 55+
- Platforms
- ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade
- Account Currencies
- USD, EUR, GBP, CAD, AUD, NZD, JPY, HKD, SGD, PLN
Pros
- Vantage maintains its high trust score thanks to its strong reputation and top-tier regulation from the FCA and ASIC
- There are no short-term strategy restrictions with hedging and scalping permitted
- It’s quick and easy to open a live account – taking less than 5 minutes
Cons
- The average execution speeds of 100ms to 250ms are slower than alternatives based on tests
- It's a shame that some clients will need to register with the offshore entity, which offers less regulatory protection
- A steep $10,000 deposit is needed for the best trading conditions, which include the $1.50 commission per side
FXCC
FXCC continues to prove itself an excellent option for day traders with a particularly strong selection of 70+ currency pairs, ultra-tight spreads from 0.0 pips during testing, and a free VPS for qualifying traders.
Jemma Grist, Reviewer
FXCC quick facts
- GBPUSD Spread
- 0.4
- EURUSD Spread
- 0.1
- EURGBP Spread
- 0.4
- Total Assets
- 70+
- Platforms
- MT4, MT5
- Account Currencies
- USD, EUR, GBP, CAD
Pros
- FXCC’s ECN XL account has been built with active traders in mind, featuring spreads from 0.0 with no commission, while also passing our execution speed benchmark for day traders.
- Customer support still relies on human agents with response times of under three minutes on live chat during our tests and knowledgeable reps - a welcome break from the frustrating AI chatbots increasingly offered by brokers.
- FXCC has stepped up its offering over the years, adding MT5 to its suite of platforms, hundreds of stocks and more cryptos to its product line-up, plus a copy trading feature and greater margin trading opportunities.
Cons
- Although FXCC has bolstered its range of markets with US, European and Asian stocks, the choice of metals and energies is light, and there are no soft commodities.
- Although regulated by the CySEC, FXCC’s offshore entity operates with weak regulatory oversight from MISA and may not provide safeguards like investor compensation in the event of broker insolvency.
- Although the economic calendar has benefited from a facelift, FXCC still offers very little in terms of market research beyond basic daily technical analysis and aggregated market news, with no tools like Autochartist or social sentiment data.
Plus500
Plus500 offers a super-clean experience for traders with a CFD trading platform that sports a modern design and dynamic charting. That said, the broker’s research tools are limited, fees trail the cheapest brokers, and there’s room for enhancement in its educational resources.
Christian Harris, Reviewer
Plus500 quick facts
- GBPUSD Spread
- 1.3
- EURUSD Spread
- 0.6
- EURGBP Spread
- 1.5
- Total Assets
- 60+
- Platforms
- WebTrader, App
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, CZK
Pros
- The customer support team continue to provide reliable 24/7 support via email, live chat and WhatsApp
- AI Bites has been added, giving active traders real-time, AI-generated market summaries, technical analysis, and social sentiment next to charts, aiding in short-term trading decisions
- Plus500 has bolstered its suite of short-term trading products, including introducing VIX options with enhanced volatility and extended 24/5 hours trading on select stock and ETF CFDs, including SpaceX
Cons
- Algo trading and scalping are not supported, which may deter some day traders
- Compared to some competitors, especially IG, Plus500’s research and analysis tools are limited
- Educational resources are limited compared to best-in-class brokers like eToro, impacting the learning curve for beginners
IG
IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.
Christian Harris, Reviewer
IG quick facts
- GBPUSD Spread
- 0.9
- EURUSD Spread
- 0.86
- EURGBP Spread
- 0.9
- Total Assets
- 80+
- Platforms
- Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
Pros
- As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust.
- The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our 'Best Trading App' award.
- IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis.
Cons
- IG has discontinued its swap-free account, reducing its appeal to Islamic traders.
- Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges.
- IG applies an inactivity fee of $12-$18 per month after 2 years, deterring casual investors.
How We Chose The Best Forex Brokers In Spain
To identify the leading forex trading platforms in Spain, we began by filtering our database of 143 providers to select only the platforms that accept Spanish residents and offer forex trading.
Then we sorted the brokers by their total rating derived from our hands-on assessments. These were conducted by our traders and industry experts, and combine 200+ data points with personal insights in key areas.
These are the key factors we, and you, should consider when choosing a brokerage to trade currencies in Spain:
Trust
There’s a reason that at DayTrading.com we consider our Regulation & Trust Rating the most important criterion while rating a forex broker: you can’t afford to risk depositing your euros with a firm you can’t trust.
To help our readers pick the gems among the many unreliable forex firms that Spain’s regulator, the National Securities Market Commission (CNMV), has warned against, we employ a rigorous vetting process in our reviews:
- We check and rate each broker’s list of licenses, awarding the highest points to brokers with oversight from ‘green-tier’ bodies like CNMV, while unlicensed brokers or those with licenses from ‘red-tier’ regulators generally achieve a poor rating.
- We assess the broker’s track record in the industry by researching news and regulators’ announcements for reports of scams or unfair practices. Our most trusted brokers have a long, clean record in the industry.
- We award our highest ratings to brokers with a large number of clients and a listing on a major stock exchange, since this entails even more thorough vetting of their business in addition to those by regulators.
- Several of our team trade with IG because it’s one of the most trusted forex brokers, operating with a sparkling record since 1974 and a listing on the London Stock Exchange. As well as its near-perfect 4.9 Regulation & Trust rating, IG also wows with a huge range of EUR and other forex pairs.
Currency Pairs
Active traders often look for new trading opportunities across the global foreign exchange market, so we highly rate providers with a wide range of available currency pairs.
For traders in Spain, pairs with the euro (EUR) will usually take precedence. Fortunately, as the world’s second most traded currency, there are usually plenty to choose from.
This includes the most popular pairs like EUR/USD and EUR/GBP, which generally offer great liquidity, and thus, competitive trading costs.
We also look for minor and exotic pairs like EUR/TRY, since these often come with heightened volatility that can lead to opportunities to profit from large price swings.
However, in our experience, minors and exotics usually have wider spreads that can hurt short-term trading strategies.
- FxPro‘s offering of 70+ forex pairs remains towards the head of the pack, with all the majors plus a large range of EUR minor and exotic pairs like EUR/HKD, EUR/ZAR and EUR/PLN. You can choose between fixed spreads from 1.2 and a competitive floating spread on the MT5 account that starts from 0.0.
Fees
Your fees when trading forex will typically consist of the spread (the difference between the bid and ask price), sometimes a commission, plus any non-trading fees such as currency conversion or deposit charges.
The spread is generally the biggest fee you’ll pay and the greatest barrier to profit. So, we favor brokers with the tightest spreads and as part of our review process. We record spreads on the EUR/USD and EUR/GBP for each forex platform.
In some cases, on major pairs like EUR/USD and during busy trading hours, you’ll find spreads can go as low as zero (though you may need to pay a small commission)
- Vantage continues to impress by offering some of the best pricing around on its 57 forex pairs, with access to ultra-tight spreads on the ECN account for a low initial deposit of $50 – ideal for active traders. Vantage’s transparent pricing model also features no hidden charges such as deposit, withdrawal and inactivity fees.
Charting Platforms
Day trading is a complex and demanding form of forex trading that often involves sophisticated research and split-second accuracy.
As a result, a responsive charting platform with the depth to conduct technical analysis can be crucial.
Based on our tests, most forex brokers that accept clients in Spain support the long-time forex favorite, MetaTrader 4 (MT4).
MT4 still provides all the charting power, in-built tools and indicators, and automated trading features you’ll need to potentially profit on forex markets.
However, we’ve found newer platforms have started to surpass the classic MT4 in several key areas.
TradingView is a particular favorite among some of our team because it’s both easy to use and feature-rich, with a huge range of indicators and charting options as well as customizability through the powerful Pine script.
The market-leading integrated research and social trading also ensure FX traders have everything they need on one platform.
Additionally, I’ve been very impressed by some brokers’ bespoke platforms.
In my experience, these are almost always the easiest way for beginner traders to get started, and they’re usually optimized to run through a browser window or mobile app.
Michael MacKenzieAuthor
- Eightcap still covers all the bases for everyone from beginning traders to pros with its platform offering of MT4, MT5 and TradingView, including mobile apps and web traders for all software options. Bundled with these platforms is Capitalise.ai, which allows traders to benefit from automated trading without needing coding knowledge, plus a useful AI-powered economic calendar to help pinpoint forex trading opportunities.
FAQ
Who Regulates Forex Trading Platforms In Spain?
To provide forex trading services in Spain, online brokers should be licensed by the Comisión Nacional del Mercado de Valores (National Securities Market Commission; CNMV), the country’s financial regulator.
Thanks to the EU’s passporting system, brokers authorized by other European regulators, such as CySEC (Cyprus) or BaFin (Germany), can also legally offer forex trading services in Spain while adhering to the EU-wide trading standards overseen by the European Securities & Markets Authority (ESMA).
Which Is The Best Forex Trading Platform In Spain?
The best forex platform for Spanish traders depends on individual preferences, trading experience, and budget.
DayTrading.com’s curated list of top forex brokers for Spain (which is updated regularly) is an excellent starting point, offering options suitable for both beginners and experienced traders.
For example, from our list, Eightcap is a fantastic starting point for newer traders, who can quickly get started on the WebTrader, while IG‘s extremely deep research resources and huge range of currency pairs with reliable execution will satisfy most experienced traders.
Article Sources
- Comisión Nacional del Mercado de Valores (CNMV)
- CNMV flags 14 unregistered forex firms - Finance Magnates
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