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Best NZD/USD (Kiwi) Forex Brokers in Spain
Last updated October 9, 2026
The top regulated brokers offering NZD/USD (Kiwi) 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)
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
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Last reviewed:
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•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for NZD/USD (Kiwi) in Spain
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for NZD/USD (Kiwi) in Spain
Deriv
Offers NZD/USD (Kiwi)Min. deposit $5
- Offers NZD/USD (Kiwi)
- Regulated: MFSA (Malta), LFSA (Labuan), VFSC (Vanuatu), BVIFSC (BVI)
- Minimum deposit $5
MFSA (Malta), LFSA (Labuan), VFSC (Vanuatu), BVIFSC (BVI)
#2 · Best alternative
Admiral Markets
Offers NZD/USD (Kiwi)Min. deposit €100
- Offers NZD/USD (Kiwi)
- Regulated: CySEC, FCA, ASIC
- Minimum deposit €100
CySEC, FCA, ASIC
Why these two
Both brokers here are confirmed to offer NZD/USD (Kiwi) 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 NZD/USD (Kiwi) brokers actually cost Spain traders?
Across the 8 NZD/USD (Kiwi) 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.
NZD/USD (Kiwi) brokers for Spain traders
NZD/USD ('Kiwi') is a commodity-linked minor major, driven by New Zealand's dairy exports, RBNZ monetary policy, and global risk appetite. Our current ranking starts with Deriv where it is available, followed by Admiral Markets, XM, and IC Markets. 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
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
FP Markets
ASIC (Australia)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)$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
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Quick Rankings
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FIND MY BROKERKey Features for Spanish Traders
8 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 | ||
|---|---|---|---|---|---|---|---|---|
| 0.5 pips (Standard) | $5 | 1 business day | $0 (Spread only on most products) | — | — | No tier-1 licence listed | ||
| 0.6 | €100 | 1-2 business days | None | Same day | 0.8 | No tier-1 licence listed | ||
| 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 | ||
| From ~1.0 pips (confirm current terms) | $50 | Confirm current terms directly | Confirm current terms directly | — | — | 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
0.5 pips (Standard)
Min dep.
$5
Withdrawal
1 business day
FX commission
$0 (Spread only on most products)
Time to open account
—
USDJPY spread
—
Rank 02
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 03
Spread
0.6
Min dep.
€5
Withdrawal
24 hours
FX commission
None
Time to open account
Minutes
USDJPY spread
0.7
Rank 04
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 05
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 06
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 07
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 08
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.
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
4.5/5.0
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
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
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
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
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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Frequently Asked Questions About NZD/USD (Kiwi) Forex Brokers in Spain
Frequently Asked Questions
The best NZD/USD brokers for Spain traders offer raw spreads from 0.1 pips with strong Asian session liquidity and reliable execution during RBNZ decisions. Australian-based brokers often have the tightest NZD spreads.
Dairy is NZ's largest export (~30% of goods exports). The GlobalDairyTrade auction (fortnightly) sets benchmark prices. Rising dairy prices → stronger NZ economy → more hawkish RBNZ → bullish NZD/USD.
GDT is a fortnightly online auction where NZ dairy cooperative Fonterra sells dairy products. The whole milk powder price index is the key metric. Results are released every other Tuesday at 12:00 GMT and can move NZD/USD 30-50 pips.
Both are commodity-linked, risk-on Antipodean currencies. AUD/USD is more liquid with tighter spreads. NZD/USD is more sensitive to dairy and RBNZ policy. Many traders trade both or use AUD/NZD to express relative views.
Sydney/Auckland session (21:00-05:00 GMT) for tightest NZD spreads. London session for breakout moves. RBNZ decisions (02:00 GMT) and GDT auctions (every other Tuesday 12:00 GMT) are peak volatility events.
Yes — NZD/USD trends well on commodity cycles and RBNZ policy shifts. Multi-week trends of 300-500 pips are common. The pair's moderate volatility makes it manageable for swing positions with reasonable stop distances.
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
- Pepperstone — published spread specification— Pepperstone (2026)
- XM — published spread specification— XM (2026)
- IC Markets — published spread specification— IC Markets (2026)
- Tickmill — published spread specification— Tickmill (2026)
- FP Markets — published spread specification— FP Markets (2026)
- Admiral Markets — published spread specification— Admiral Markets (2026)
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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 — NZD/USD (Kiwi) brokers for Spain traders
Across the 8 NZD/USD (Kiwi) 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.