BrokerAnalysis

Best DAX 40 CFD Forex Brokers in Spain

Last updated October 9, 2026

The top regulated brokers offering DAX 40 CFD accounts to Spain traders — compared on spreads, fees, regulators, and minimum deposit.

How We Ranked

Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.

Regulated by CNMV (Comisión Nacional del Mercado de Valores), MiFID II (EU)Local deposits: Bizum, SEPA TransferAccounts in EUR (Euro)
BrokerAnalysis Research Desk

Written by

BrokerAnalysis Research Desk

BrokerAnalysis Editorial Team

Fact Checked by

BrokerAnalysis Editorial Team

Top Shortlist for Spain

#1
Pepperstone
Pepperstone
Review
#2
IC Markets
IC Markets
Review
#3
XM
XM
Review
Full Comparison
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Last reviewed:
•
By:BrokerAnalysis Research Desk
•
Fact-checked by:BrokerAnalysis Editorial Team
Last verified: Oct 2026

Our 2 top picks for DAX 40 CFD in Spain

We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.

#1 · Best for DAX 40 CFD in Spain
Pepperstone

Pepperstone

Offers DAX 40 CFD
Min. deposit €0
  • Offers DAX 40 CFD
  • Regulated: CySEC, FCA, ASIC
  • Minimum deposit €0
CySEC, FCA, ASIC
#2 · Best alternative
IC Markets

IC Markets

Offers DAX 40 CFD
Min. deposit €200
  • Offers DAX 40 CFD
  • Regulated: CySEC, ASIC, SCB
  • Minimum deposit €200
CySEC, ASIC, SCB

Why these two

Both brokers here are confirmed to offer DAX 40 CFD for Spain traders — this list only includes brokers we've verified have this specific feature, not every broker that's generally popular in Spain.

CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.

What do DAX 40 CFD brokers actually cost Spain traders?

Across the 8 DAX 40 CFD brokers available to Spain traders on this page, the median researched EUR/USD spread is 0.3 pips, ranging from 0.0 to 1.0 pips, with 7 of those figures taken from the broker's own published specification.

DAX 40 CFD brokers for Spain traders

The DAX 40 (GER40/DE40) is Europe's most important stock market index, tracking the 40 largest companies on the Frankfurt Stock Exchange — including SAP, Siemens, Allianz, Deutsche Telekom, and BMW. Our current ranking starts with Pepperstone where it is available, followed by IC Markets, XM, and Tickmill. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account. This guide ranks 8 brokers for Spain traders. The median minimum deposit across the listed brokers is $50 — low — most traders can start with a modest balance. Local oversight for Spain traders sits with CNMV. Forex and CFD trading access depends on broker permissions and local solicitation rules. Verify serving entity before deposit. Oversight relevant to traders in Spain sits with CNMV. Brokers licensed in the EU or UK cap retail leverage at 30:1 on major FX pairs under ESMA/FCA product-intervention rules, so the headline leverage a broker advertises offshore is not what a locally regulated entity will give you. If a locally regulated firm fails, Spain's investor compensation scheme covers up to €100,000 per investor — above the €20,000 EU minimum.

Country Offers

Available offers for Spain traders

Verified broker incentives that may be available in this market. We keep these below the core safety and pricing checks so the shortlist still feels editorial-first.

Browse All Promotions

IC Markets

ASIC (Australia)
Cashback / Rebate

Up to $2.50/Lot Rebate + 21% Comm Off

Raw Trader Plus rebate up to $2.50/lot. Save ~$1.50/lot with 21% lifetime commission discount.

Verified Oct 8, 2026

FP Markets

ASIC (Australia)
Cashback / Rebate

Refer a Friend: Earn up to $200

Referral bonus pays $50-$200 after a friend funds and trades the required volume.

Verified Sep 15, 2026

XM

CySEC (Cyprus)
No-Deposit Bonus

$30 No-Deposit Bonus for New Clients

$30 no-deposit bonus for new clients. Profits withdrawable after meeting volume requirements.

Verified Oct 8, 2026

Spain Trading Guide

Regulated by
CNMV (Comisión Nacional del Mercado de Valores), MiFID II (EU)
Legal status
Fully Regulated - EU MiFID II protections apply
Accounts in
EUR (Euro)
Available in Spain
BizumSEPA TransferBank TransferBank TransferCredit CardPayPalPayPal
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Key Features for Spanish Traders

8 brokers · how we rank

Compare essential features of forex brokers accepting Spanish clients with EUR accounts.

BrokerWithdrawalFX commissionTime to open accountUSDJPY spreadRegulation & fundingAction
0.1€01-2 business days€2.25/lotSame day0.1
No tier-1 licence listed
0.0€20024-48 hours€3.50/lot1 day0.0
No tier-1 licence listed
0.6€524 hoursNoneMinutes0.7
No tier-1 licence listed
0.1€1001 business day€2/lotSame day0.2
No tier-1 licence listed
0.6€1001-2 business daysNoneSame day0.8
No tier-1 licence listed
0.5 pips (Standard)$51 business day$0 (Spread only on most products)——
No tier-1 licence listed
From ~1.0 pips (confirm current terms)$50Confirm current terms directlyConfirm current terms directly——
No tier-1 licence listed
0.0 pips (Raw)$100Same day to 1 business day$3/lot (Raw)——
No tier-1 licence listed
Rank 01 · best overall
Pepperstone
Spread
0.1
Min dep.
€0
Withdrawal
1-2 business days
FX commission
€2.25/lot
Time to open account
Same day
USDJPY spread
0.1
Visit Pepperstone Read review
Rank 02
IC Markets
Spread
0.0
Min dep.
€200
Withdrawal
24-48 hours
FX commission
€3.50/lot
Time to open account
1 day
USDJPY spread
0.0
Visit IC Markets Read review
Rank 03
XM
Spread
0.6
Min dep.
€5
Withdrawal
24 hours
FX commission
None
Time to open account
Minutes
USDJPY spread
0.7
Visit XM Read review
Rank 04
Tickmill
Spread
0.1
Min dep.
€100
Withdrawal
1 business day
FX commission
€2/lot
Time to open account
Same day
USDJPY spread
0.2
Visit Tickmill Read review
Rank 05
Admiral Markets
Spread
0.6
Min dep.
€100
Withdrawal
1-2 business days
FX commission
None
Time to open account
Same day
USDJPY spread
0.8
Visit Admiral Markets Read review
Rank 06
Deriv
Spread
0.5 pips (Standard)
Min dep.
$5
Withdrawal
1 business day
FX commission
$0 (Spread only on most products)
Time to open account
—
USDJPY spread
—
Visit Deriv Read review
Rank 07
TIO Markets
Spread
From ~1.0 pips (confirm current terms)
Min dep.
$50
Withdrawal
Confirm current terms directly
FX commission
Confirm current terms directly
Time to open account
—
USDJPY spread
—
Visit TIO Markets Read review
Rank 08
FP Markets
Spread
0.0 pips (Raw)
Min dep.
$100
Withdrawal
Same day to 1 business day
FX commission
$3/lot (Raw)
Time to open account
—
USDJPY spread
—
Visit FP Markets Read review

We earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.

In-Depth Broker Analysis

Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.

Pepperstone logo
Our Rating
4.5/5.0
Best ForBest for advanced traders, automated trading & tradingview enthusiasts.
Min Deposit$0 (Recommended $200)

Pepperstone Review Summary

Pepperstone is a multi-regulated broker with MT4, MT5, cTrader, TradingView access, 0.0 pips (Razor) | 1.0 pips (Standard) on EUR/USD, and $0 (Recommended $200) minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Regulation varies by entity
  • Minimum deposit: $0 (Recommended $200)
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Raw or ultra-low spread account available — compare account types before opening
IC Markets logo
Our Rating
4.5/5.0
Best ForRaw spreads and fast execution for active traders in Spain.
Min Deposit€200

IC Markets Review Summary

IC Markets stands out for traders in Spain who prioritize raw pricing, dependable execution, and support for MetaTrader and cTrader workflows.

Pros
  • Regulation varies by entity
  • Minimum deposit: €200
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Ultra-Low — compare account types before opening
XM logo
Our Rating
4.5/5.0
Best ForAccessible broker with low minimum deposit and broad market range.
Min Deposit€5

XM Review Summary

XM is a practical choice for traders in Spain who want an easy account opening process, low entry cost, and a broad CFD offering through established international regulation.

Pros
  • Regulation varies by entity
  • Minimum deposit: €5
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Low — compare account types before opening
Tickmill logo
Our Rating
4.5/5.0
Best ForLow commissions and clean trading conditions for EUR-based accounts.
Min Deposit€100

Tickmill Review Summary

Tickmill remains a strong value option for traders in Spain who want tight pricing, transparent commissions, and a straightforward EU-facing trading setup.

Pros
  • Regulation varies by entity
  • Minimum deposit: €100
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Ultra-Low — compare account types before opening
Admiral Markets logo
Our Rating
4.5/5.0
Best ForMetaTrader specialist with Spanish support.
Min Deposit€100

Admiral Markets Review Summary

Admiral Markets (Admirals) provides excellent MetaTrader customization with their Supreme Edition plugin. Popular in Spain for educational content and competitive conditions.

Pros
  • Regulation varies by entity
  • Minimum deposit: €100
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Low — compare account types before opening
Deriv logo
Our Rating
4.5/5.0
Best ForBest for synthetic indices traders & digital options users.
Min Deposit$5

Deriv Review Summary

Deriv is a multi-regulated broker with DTrader, DBot, Deriv MT5, Deriv X, SmartTrader access, 0.5 pips (Standard) on EUR/USD, and $5 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Regulation varies by entity
  • Minimum deposit: $5
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Competitive spread structure — compare account types before opening
TIO Markets logo
Our Rating
4.5/5.0
Best ForBest for traders who have independently verified current terms and accept the trust concerns disclosed in our review.
Min Deposit$50

TIO Markets Review Summary

TIO Markets is a multi-regulated broker with MT4, MT5 access, From ~1.0 pips (confirm current terms) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Regulation varies by entity
  • Minimum deposit: $50
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Competitive spread structure — compare account types before opening
FP Markets logo
Our Rating
4.5/5.0
Best ForBest for ecn traders, scalpers & australian clients.
Min Deposit$100

FP Markets Review Summary

FP Markets is a multi-regulated broker with MT4, MT5, cTrader, IRESS access, 0.0 pips (Raw) on EUR/USD, and $100 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.

Pros
  • Regulation varies by entity
  • Minimum deposit: $100
  • Multiple platform options
Cons
  • Trading conditions vary by country and account type
  • Spreads listed at Raw or ultra-low spread account available — compare account types before opening

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The Signal Rooms screen inside the platform showing six Telegram rooms: Accurate Signals VIP, Accurate RR, AccurateFX Swings, Accurate Signals ATM, Accurate sessions and Accurate Flash
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Pips, net
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July–August 2026, all Accurate signal groups combined, last platform audit 19 August 2026. Self-reported by Accurate Signals (shown in the member dashboard under Track Record) and not independently audited. Pips are not account profit. Past results do not guarantee future performance.

The 5-day VIP trial is free and needs no deposit. Ongoing access is funded through our VT Markets partnership — the registration link is pinned inside the community for when you are ready. Forex and CFD trading carries significant risk and can result in the loss of your capital. Never deposit money you cannot afford to lose. Past results do not guarantee future performance. This is general education, not financial advice.

All materials are prepared by the Introducer and VT bears no responsibility for the information and/or materials provided. All claims should be directed to the Introducer. All rights of VT and any affiliated entities trading under the "VT" trademark, brand or logo are reserved.

Frequently Asked Questions About DAX 40 CFD Forex Brokers in Spain

Frequently Asked Questions

The best DAX 40 (GER40) CFD brokers for Spain traders offer spreads under 1 point during European hours, flexible leverage, and reliable execution during ECB events. All listed brokers accept EUR deposits.
The DAX is a total-return index — dividends are automatically reinvested in the calculation. This means the DAX appears to perform better on charts vs price-only indices (S&P 500, FTSE 100). It also has 40 components (expanded from 30 in 2021).
Key drivers: ECB interest rate decisions, German IFO Business Climate Index, ZEW Economic Sentiment, eurozone PMI data, automotive sector news, China trade data (major German export market), and broader EU political developments.
Peak liquidity during Frankfurt market hours (08:00-16:30 CET). Tightest spreads 09:00-15:00 CET. Key overlap with US markets (15:30-17:30 CET) adds volume. ECB announcements (13:45 CET) create the biggest intraday moves.
DAX: total-return, German manufacturing, 40 stocks. FTSE 100: UK blue-chips, commodity-heavy, price-only. CAC 40: French luxury/energy, price-only. The DAX is most popular for CFD traders due to tightest spreads and highest intraday volatility.
DAX CFD leverage: 1:5 under ESMA (EU), 1:20 under ASIC, up to 1:200 with offshore brokers. The DAX's moderate volatility makes it suitable for moderate leverage strategies.
Forex trading in Spain: Forex and CFD trading access depends on broker permissions and local solicitation rules. Verify serving entity before deposit. The market is overseen by CNMV. Verify your own eligibility with the broker before funding an account — rules can change and we date-stamp this page when they do.

Sources & References

  1. — Pepperstone
  2. — XM
  3. — IC Markets
  4. — Tickmill
  5. — FP Markets
  6. — Admiral Markets

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Not Financial Advice:

Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.

Affiliate Disclosure:

BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.

Regional Availability Notice

Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows the country-acceptance status captured in our latest eligibility checks.

How we measured this — DAX 40 CFD brokers for Spain traders

Across the 8 DAX 40 CFD brokers available to Spain traders on this page, the median researched EUR/USD spread is 0.3 pips, ranging from 0.0 to 1.0 pips, with 7 of those figures taken from the broker's own published specification.

median researched EUR/USD spread
0.3 pips
Brokers measured
8
Linked to broker spec
7 of 8
Data as of
2026-10-09

Figures compiled by BrokerAnalysis from each broker's own published specification where available, otherwise from our broker catalogue. Per-broker spreads, minimum deposits and regulators are listed in the comparison table on this page. Spreads are typical, not guaranteed, and change with market conditions.

Sources: pepperstone.com · xm.com · icmarkets.com · tickmill.com · fpmarkets.com · admiralmarkets.com · www2.deriv.me

What changes locally

  • Oversight relevant to traders in Spain sits with CNMV.
  • Brokers licensed in the EU or UK cap retail leverage at 30:1 on major FX pairs under ESMA/FCA product-intervention rules, so the headline leverage a broker advertises offshore is not what a locally regulated entity will give you.
  • If a locally regulated firm fails, Spain's investor compensation scheme covers up to €100,000 per investor — above the €20,000 EU minimum.