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IC Markets
ASIC (Australia)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
Best Forex Brokers in Spain for 2026
Last updated October 9, 2026
Top forex brokers offering competitive spreads, reliable regulation, and localized support for traders in Spain.
How We Ranked
Rankings blend trust, pricing, and platform quality. After our two editorial picks, brokers are ordered by third-party audience activity in Spain. 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)
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
Need a faster shortlist than reading every Spain page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for Spain
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best overall in Spain
FxPro
Used in Spain9.0
BrokerAnalysis score
EUR accounts, SEPA
- FCA + CySEC regulated, EUR/SEPA funding
- No-dealing-desk execution, tight spreads
- cTrader and MT4/MT5 support
FCA + CySEC
You contract with: FxPro Financial Services (CySEC)
#2 · Best alternative
AvaTrade
Used in Spain8.8
BrokerAnalysis score
EUR accounts, SEPA
- Multi-regulated with EUR/SEPA funding
- Broad platform range incl. AvaTradeGO
- Sharia-certified swap-free accounts
CBI + CySEC + ASIC
You contract with: AvaTrade EU Ltd
Why these two
Spain is hostile to unauthorised offshore CFD promotion (the CNMV restricts it, and Libertex's own terms bar its affiliate programme in Spain), so we feature only EU-authorised brokers: FxPro and AvaTrade. EU retail bonuses are banned.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. 74–89% of retail accounts lose money. Trade only what you can afford to lose.
What are the best forex brokers in Spain?
FxPro ranks #1 among 21 brokers tested for Best Forex Brokers in Spain with EUR/USD spreads from 0.0 pips (Raw+) | 1.2 pips (Standard) and a minimum deposit of $100. All listed brokers are regulated under CNMV (Comisión Nacional del Mercado de Valores), MiFID II (EU), accepting Bizum, SEPA Transfer, Bank Transfer, Credit Card, PayPal. Rankings are based on spread data, regulation tier, and platform testing published in our methodology.
Top 10 Forex Brokers for Spanish Traders in 2026
Traders in Spain should prioritize broker regulation, total trading cost, platform quality, withdrawal reliability, and local funding options where available. Our current ranking starts with FxPro where it is available, followed by AvaTrade, XTB, and VT Markets. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account. Third-party audience data shows XTB with the strongest Spain activity among the brokers listed here (Influence 8.34/10).
Country Offers
Browse All PromotionsAvailable 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.
Cashback / Rebate
VT Markets
ASIC100% Deposit Bonus + Free Telegram Signals
100% deposit bonus + free Telegram signals. Join @unshakabletraders — VT Markets registration link is pinned inside.
Verified Sep 15, 2026
AvaTrade
Central Bank of IrelandUp to 40% Deposit Bonus (Max $10,000)
Up to 40% welcome deposit bonus, max $10,000. Tiered from $50 bonus on $250 deposit upward.
Verified Sep 15, 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 your market
BizumSEPA Transfer
Bank TransferCredit Card
PayPal
Bank TransferCredit CardPayPalQuick Rankings
Get your personalized toplist:
FIND MY BROKERKey Features for Spanish Traders
21 brokers · how we rank
Compare essential features of forex brokers accepting Spanish clients with EUR accounts.
| Broker | Withdrawal | FX commission | Time to open account | USDJPY spread | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|---|---|
| 0.0 pips (Raw+) | 1.2 pips (Standard) | $100 | 1 business day | $3.50/lot (Raw+) | — | — | FCA (UK)CySEC (Cyprus)FSCA (South Africa) | |
| 0.9 pips (Standard) | $100 | 1-2 business days | $0 (Spread only) | — | — | Central Bank of IrelandASIC (Australia)FSCA (South Africa) | |
 | 0.8 pips (Standard) | $0 | Usually same day (free for >$50) | $0 on Forex, Indices, Commodities | — | — | FCA (UK)KNF (Poland)CySEC (Cyprus) | |
| 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) | $50 | 1-2 business days | $3/lot per side (Raw ECN) | — | — | ASIC (Australia)FSCA (South Africa)FSC (Mauritius) | |
| 0.6 | €5 | 24 hours | None | Minutes | 0.7 | No tier-1 licence listed | ||
| 0.0 | €200 | 24-48 hours | €3.50/lot | 1 day | 0.0 | No tier-1 licence listed | ||
| 0.1 | €100 | 1 business day | €2/lot | Same day | 0.2 | No tier-1 licence listed | ||
| 0.1 | €0 | 1-2 business days | €2.25/lot | Same day | 0.1 | No tier-1 licence listed | ||
| 0.7 | €0 | 1-2 business days | None | Same day | 0.7 | No tier-1 licence listed | ||
| 1.0 | €50 | 2-5 business days | Spread only | Same day | 1.0 | No tier-1 licence listed | ||
| 0.8 | €100 | 1-3 business days | None | Same day | 1.0 | No tier-1 licence listed | ||
| 0.6 | €100 | 1-2 business days | None | Same day | 0.8 | No tier-1 licence listed | ||
| 0.6 | €2000 | 1-2 business days | None | 1-2 days | 0.6 | No tier-1 licence listed | ||
| 1.1 | €0 | 1-3 business days | None | Same day | 1.2 | No tier-1 licence listed | ||
| 0.5 pips (Standard) | $5 | 1 business day | $0 (Spread only on most products) | — | — | No tier-1 licence listed | ||
| From ~1.0 pips (confirm current terms) | $50 | Confirm current terms directly | Confirm current terms directly | — | — | No tier-1 licence listed | ||
| 0.7 pips | $25 | 1-2 business days | $0 | — | — | No tier-1 licence listed | ||
| 0.0 pips (Edge) | $100 | 1-2 business days | $7/lot round-turn (Edge) | — | — | No tier-1 licence listed | ||
| 0.0 pips (ECN) | $50 | 1-2 business days | From ~$5/lot (ECN) | — | — | No tier-1 licence listed | ||
| 0.6 pips | $100 | 1-2 business days | None (spread-based) | — | — | No tier-1 licence listed | ||
| 0.0 pips (Raw) | $100 | Same day to 1 business day | $3/lot (Raw) | — | — | No tier-1 licence listed |
Rank 01 · best overall
Spread
0.0 pips (Raw+) | 1.2 pips (Standard)
Min dep.
$100
Withdrawal
1 business day
FX commission
$3.50/lot (Raw+)
Time to open account
—
USDJPY spread
—
FCA (UK)CySEC (Cyprus)FSCA (South Africa)
Visit FxPro Read reviewRank 02
Spread
0.9 pips (Standard)
Min dep.
$100
Withdrawal
1-2 business days
FX commission
$0 (Spread only)
Time to open account
—
USDJPY spread
—
Central Bank of IrelandASIC (Australia)FSCA (South Africa)
Visit AvaTrade Read reviewRank 03
Spread
0.8 pips (Standard)
Min dep.
$0
Withdrawal
Usually same day (free for >$50)
FX commission
$0 on Forex, Indices, Commodities
Time to open account
—
USDJPY spread
—
FCA (UK)KNF (Poland)CySEC (Cyprus)
Visit XTB Read reviewRank 04
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)
Min dep.
$50
Withdrawal
1-2 business days
FX commission
$3/lot per side (Raw ECN)
Time to open account
—
USDJPY spread
—
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read reviewRank 05
Spread
0.6
Min dep.
€5
Withdrawal
24 hours
FX commission
None
Time to open account
Minutes
USDJPY spread
0.7
Rank 06
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
Rank 07
Spread
0.1
Min dep.
€100
Withdrawal
1 business day
FX commission
€2/lot
Time to open account
Same day
USDJPY spread
0.2
Rank 08
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
Rank 09
Spread
0.7
Min dep.
€0
Withdrawal
1-2 business days
FX commission
None
Time to open account
Same day
USDJPY spread
0.7
Rank 10
Spread
1.0
Min dep.
€50
Withdrawal
2-5 business days
FX commission
Spread only
Time to open account
Same day
USDJPY spread
1.0
Rank 11
Spread
0.8
Min dep.
€100
Withdrawal
1-3 business days
FX commission
None
Time to open account
Same day
USDJPY spread
1.0
Rank 12
Spread
0.6
Min dep.
€100
Withdrawal
1-2 business days
FX commission
None
Time to open account
Same day
USDJPY spread
0.8
Rank 13
Spread
0.6
Min dep.
€2000
Withdrawal
1-2 business days
FX commission
None
Time to open account
1-2 days
USDJPY spread
0.6
Rank 14
Spread
1.1
Min dep.
€0
Withdrawal
1-3 business days
FX commission
None
Time to open account
Same day
USDJPY spread
1.2
Rank 15
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
—
Rank 16
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
—
Rank 17
Spread
0.7 pips
Min dep.
$25
Withdrawal
1-2 business days
FX commission
$0
Time to open account
—
USDJPY spread
—
Rank 18
Spread
0.0 pips (Edge)
Min dep.
$100
Withdrawal
1-2 business days
FX commission
$7/lot round-turn (Edge)
Time to open account
—
USDJPY spread
—
Rank 19
Spread
0.0 pips (ECN)
Min dep.
$50
Withdrawal
1-2 business days
FX commission
From ~$5/lot (ECN)
Time to open account
—
USDJPY spread
—
Rank 20
Spread
0.6 pips
Min dep.
$100
Withdrawal
1-2 business days
FX commission
None (spread-based)
Time to open account
—
USDJPY spread
—
Rank 21
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
—
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.
Audience activity in Spain (Influence score, 0–10): XTB 8.34 · VT Markets 6.42. A score reflects audience activity, not a recommendation. Source: WikiFX, October 2026.
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.
Our Rating
4.4/5.0
Best ForProfessional European traders & cTrader enthusiasts
Min Deposit$100
FxPro Review Summary
FxPro is an NDD / STP broker regulated by FCA (UK), CySEC (Cyprus), FSCA (South Africa), SCB (Bahamas). Best suited to Professional European traders & cTrader enthusiasts. EUR/USD from 0.0 pips (Raw+) | 1.2 pips (Standard), minimum deposit $100.
Pros
- FCA and CySEC regulated
- cTrader integration
- No dealing desk execution
- FxPro Edge proprietary platform
Cons
- $100 minimum deposit
- Wider spreads on standard accounts
- Inactivity fee after 1 year
Our Rating
4.5/5.0
Best ForBeginners, copy traders & options enthusiasts
Min Deposit$100
AvaTrade Review Summary
AvaTrade is an Market Maker broker regulated by Central Bank of Ireland, ASIC (Australia), FSCA (South Africa), FSA (Japan), ADGM (Abu Dhabi). Best suited to Beginners, copy traders & options enthusiasts. EUR/USD from 0.9 pips (Standard), minimum deposit $100.
Pros
- Heavily regulated across 7+ jurisdictions
- Excellent mobile app (AvaTradeGO)
- DupliTrade and AvaSocial copy trading
- AvaOptions for vanilla options
Cons
- Spreads slightly wider than ECN brokers
- Inactivity fee after 3 months
- Not available in the US
Our Rating
4.7/5.0
Best ForActive European traders & stock CFD investors
Min Deposit$0
XTB Review Summary
XTB is an Market Maker / STP broker regulated by FCA (UK), KNF (Poland), CySEC (Cyprus), FSC (Belize). Best suited to Active European traders & stock CFD investors. EUR/USD from 0.8 pips (Standard), minimum deposit $0.
Pros
- Award-winning xStation 5 proprietary platform is fast and intuitive
- 0% commission on real stocks and ETFs up to €100k/month
- Publicly traded company with transparent financials
- No minimum deposit required
Cons
- Phased out MT4 in many regions
- No longer offers a raw/ECN zero-spread account format
- Not available to clients in the US, Canada, or Australia
Our Rating
4.8/5.0
Best Fortraders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing
Min Deposit$50
VT Markets Review Summary
VT Markets is an ECN / STP broker regulated by ASIC (Australia), FSCA (South Africa), FSC (Mauritius). Best suited to traders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing. EUR/USD from 0.0 pips (Raw ECN) | 1.2 pips (Standard STP), minimum deposit $50.
Pros
- 100% deposit bonus on first deposit (minimum deposit $50)
- Raw ECN account with 0.0 pip spread potential
- MT4 and MT5 available across desktop and mobile
- Free Telegram signals funnel through Unshakable Traders
Cons
- Entity, leverage, and protection level vary by country
- Free signals are educational support, not profit guarantees
- Traders still need to manage risk and verify terms before depositing
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
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
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
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
CMC Markets Review Summary
CMC Markets offers the widest range of forex pairs (330+) and their Next Generation platform is considered one of the best in the industry for charting and analysis.
Pros
- Regulation varies by entity
- Minimum deposit: €0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
eToro Review Summary
eToro revolutionized social trading and remains extremely popular in Spain. Copy successful traders, invest in CopyPortfolios, and access both traditional and crypto markets.
Pros
- Regulation varies by entity
- Minimum deposit: €50
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Average — compare account types before opening
Free community platform
Trade With a Plan, Not a Guess
Try 5 days of VIP gold signals free — one of six signal rooms — plus the AI assistant, the academy and the tools our members use. Every tracked signal is on the record, the losing ones too.
No deposit · No card · Free to join
Join @unshakabletraders on Telegram — 5 days of VIP signals free, no deposit
- 1,513
- Signals tracked
- 78%
- Hit take-profit
- +86,455
- Pips, net
- 5.28
- Profit factor
Six signal rooms5-day free trial
VIP scalps, risk-to-reward setups, forex swings, high-frequency ATM calls, London/New York sessions and a 24/5 algo.
Accurate AIAI
Ask for a market read on any timeframe. Informational — never a trade call.
Gamified Academy
50 video lessons and 14 written courses, stage by stage from zero.
Scalper Pro indicator
A chart indicator that marks levels, entry and stops right on the price.
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 Forex Brokers in Spain for
Frequently Asked Questions
Forex regulation in Spain can involve local rules, cross-border restrictions, and broker entity differences. Before funding an account, confirm that the broker can legally serve residents in Spain and verify its license with the relevant regulator for your jurisdiction.
Leverage limits vary by broker entity and local rules in Spain. Always confirm the exact leverage available for your jurisdiction before opening an account.
Tax treatment of forex trading profits in Spain depends on your residency, trading activity, and local tax rules. Because treatment can vary, confirm the latest guidance with a qualified local tax adviser before trading.
Yes, most brokers serving Spain offer EUR-denominated accounts. This eliminates currency conversion fees when depositing from Spanish banks and simplifies profit/loss calculations.
Language support varies by broker and region. Before opening an account, check the broker's website, app, and customer support channels to confirm support options for traders in Spain.
Top Searched Questions
How do I choose a reliable forex broker in 2026?
Start by verifying the broker holds a Tier-1 license (FCA, ASIC, or CySEC). Compare raw spreads on EUR/USD, check withdrawal processing times, and test the demo account. BrokerAnalysis independently tests 67+ brokers each quarter using real funded accounts.
What makes a forex broker the 'best' overall?
The best forex broker combines Tier-1 regulation, spreads from 0.0 pips on raw accounts, fast execution under 50ms, a wide range of 70+ currency pairs, and transparent fee structures. Our testing ranks brokers across 8 categories including safety, costs, and platform quality.
Which forex brokers are consistently top-rated?
Consistently top-rated brokers typically hold multiple Tier-1 licenses, maintain segregated client funds, and offer competitive raw spreads. Brokers like IC Markets, Pepperstone, and FP Markets consistently score above 4.5/5 in independent testing by BrokerAnalysis.
What is forex trading and how does it work?
Forex trading involves buying one currency while selling another, profiting from exchange rate fluctuations. The forex market operates 24/5, processes $7.5 trillion daily, and is accessible through online brokers with as little as $10. Traders use technical and fundamental analysis to make decisions.
What is the best forex trading platform to use?
MetaTrader 4 remains the most popular platform for its reliability and Expert Advisor support. MetaTrader 5 adds depth-of-market and more timeframes. TradingView excels at charting, while cTrader offers the best market depth for active traders. Your ideal platform depends on your trading style.
How do forex trading platforms differ from each other?
MT4 is best for EA automation and beginner simplicity. MT5 adds stock CFDs and economic calendar integration. cTrader provides Level II pricing and algorithmic trading via cAlgo. TradingView offers social charting with 100+ indicators. Choose based on whether you prioritize automation, analysis, or execution speed.
What features should a trading platform have?
A quality trading platform needs: one-click execution, customizable charts with 50+ technical indicators, pending order types (limit, stop, trailing stop), mobile app parity, demo account access, and reliable uptime above 99.9%. Platform stability during high-volatility news events is critical.
How does the forex market work?
The forex market is a decentralized global marketplace where currencies trade in pairs. It operates across four major sessions (Sydney, Tokyo, London, New York), runs 24 hours on weekdays, and is the largest financial market with $7.5 trillion in daily volume. Prices move based on economic data, central bank policy, and geopolitics.
Information automatically localized based on "forex brokers" and related trends.
Sources & References
- AvaTrade Trading Account— AvaTrade
- XTB Real Account— XTB
- XM Account Types— XM
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
Related Broker Pages
Built from live category and sibling-page coverageBrowse Broker Features in Spain
Specialized broker guides available for Spain traders.
Browse all 128 pages
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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
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 — forex brokers for Spain traders
Across the 17 Forex brokers available to Spain traders on this page, the median researched EUR/USD spread is 0.6 pips, ranging from 0.0 to 1.4 pips, with 13 of those figures taken from the broker's own published specification.
- median researched EUR/USD spread
- 0.6 pips
- Brokers measured
- 17
- Linked to broker spec
- 13 of 17
- Data as of
- 2026-11-06
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 · markets.com · icmarkets.com · cmcmarkets.com · oanda.com · tickmill.com · etoro.com · fpmarkets.com · admiralmarkets.com and 3 more published specifications
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.