Top Spain Forex brokers

Forex trading is legal and well-regulated in Spain. The country's financial regulator, the National Securities Market Commission (CNMV), oversees Spain Forex brokers according to directives from the European Securities and Markets Authority (ESMA). This ensures safety for retail investors and FX traders. Despite its EU membership, Spain faces 35% youth unemployment. With a total nominal GDP of $1.49 trillion, it ranks 15th globally. Per capita GDP is $31,000, placing Spain 36th worldwide. The CNMV also ensures that top Forex brokers in Spain are part of the Investor Compensation Scheme, offering eligible investors up to €20,000 in case of broker insolvency. We've compiled a list of the best Forex brokers in Spain through careful research.
9.90
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.72
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignals
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.36
AvaTrade read review
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
ASIC, CySEC, DFSA +2 more
Platforms
MT4, MT5
9.18
RoboForex read review
MT4MT5cTraderDeposit bonusCopy tradingECNHigh leveragePAMMSTP
Regulations
FSC Belize
Platforms
MT4, MT5, cTrader +1 more
9.00
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, CySEC, FSCA +2 more
Platforms
MT4, MT5
8.64
Pepperstone read review
MT4MT5cTraderCopy tradingECNPAMMSignals
Regulations
ASIC, BaFin, CMA +4 more
Platforms
MT4, MT5, TradingView +1 more
8.46
High leverageSignals
Regulations
CNMV, FCA UK, KNF +1 more
Platforms
xStation
8.10
easyMarkets read review
MT4MT5Copy tradingHigh leverage
Regulations
ASIC, CySEC, FSA Seychelles +1 more
Platforms
MT4, MT5, TradingView +1 more
7.92
Tickmill read review
MT4MT5Copy tradingHigh leverageSignals
Regulations
CySEC, FCA UK, FSA Labuan +2 more
Platforms
MT4, MT5
7.74
VT Markets read review
MT4MT5Deposit bonusCopy tradingECNHigh leveragePAMMSignalsSTP
Regulations
ASIC, FSA St. V, FSCA
Platforms
MT4, MT5
Forex trading profits in Spain are subject to a dynamic capital gains tax of 19% to 23% based on income. For profits up to €6,000, the tax is 19%, rising to 21% for earnings between €6,000 and 50,000, and reaching 23% for profits between €50,000 and 200,000. Trusted Forex brokers in Spain adhere to rules that limit maximum leverage for retail traders, preventing overleveraging. Major currency pairs have a 1:30 leverage cap, non-major pairs, gold, and major indices are at 1:20, commodities and minor indices at 1:10, stocks and other CFDs at 1:5, and cryptos at the lowest 1:2 leverage. While a 1:30 leverage requires substantial initial capital, professional traders can access higher leverage levels. Spain enjoys reliable internet and electricity across rural and urban areas, ensuring stable connectivity with global financial markets at all times.

FAQs about Spain