Best Silver CFD (XAG/USD) Forex Brokers in Spain

Last updated September 2, 2026

The top regulated brokers offering Silver CFD (XAG/USD) 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 brokersLow spreadsFast withdrawals
BrokerAnalysis Research Desk

Written by

BrokerAnalysis Research Desk

BrokerAnalysis Editorial Team

Fact Checked by

BrokerAnalysis Editorial Team

Top Shortlist for Spain

#1
TIO Markets
TIO Markets
Review
#2
Pepperstone
Pepperstone
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: Sep 2026

Our 2 top picks for Silver CFD (XAG/USD) in Spain

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

#1 · Best for Silver CFD (XAG/USD) in Spain
TIO Markets

TIO Markets

Offers Silver CFD (XAG/USD)
Min. deposit $50
  • Offers Silver CFD (XAG/USD)
  • Regulated: FCA (UK)
  • Minimum deposit $50
FCA (UK)
#2 · Best alternative
Pepperstone

Pepperstone

Offers Silver CFD (XAG/USD)
Min. deposit €0
  • Offers Silver CFD (XAG/USD)
  • Regulated: CySEC, FCA, ASIC
  • Minimum deposit €0
CySEC, FCA, ASIC

Why these two

Both brokers here are confirmed to offer Silver CFD (XAG/USD) 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 Silver CFD (XAG/USD) brokers actually cost Spain traders?

Across the 6 Silver CFD (XAG/USD) 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 5 of those figures taken from the broker's own published specification.

Silver CFD (XAG/USD) brokers for Spain traders

Silver (XAG/USD) CFD trading gives Spain traders exposure to the second most traded precious metal — one with both industrial demand and safe-haven appeal. Our current ranking starts with TIO Markets where it is available, followed by Pepperstone, XM, and IC Markets. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account. This guide ranks 6 brokers for Spain traders. 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 Jun 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 Jun 15, 2026

Tickmill

FCA (UK)
No-Deposit Bonus

$30 Welcome Account — No Deposit

$30 no-deposit bonus for new clients (60-day trading period). Trader of the Month: $1,000 prize.

Verified Jun 15, 2026
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Key Features for Spanish Traders

6 brokers · how we rank

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

BrokerWithdrawalFX commissionTime to open accountUSDJPY spreadRegulation & fundingAction
From ~1.0 pips (confirm current terms)$50Confirm current terms directlyConfirm current terms directly
No tier-1 licence listed
0.1€01-2 business days€2.25/lotSame day0.1
No tier-1 licence listed
0.6€524 hoursNoneMinutes0.7
No tier-1 licence listed
0.0€20024-48 hours€3.50/lot1 day0.0
No tier-1 licence listed
0.1€1001 business day€2/lotSame day0.2
No tier-1 licence listed
0.5 pips (Standard)$51 business day$0 (Spread only on most products)
No tier-1 licence listed
Rank 01 · best overall
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 02
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 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
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 05
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 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

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.

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
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
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
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
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
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

Frequently Asked Questions About Silver CFD (XAG/USD) Forex Brokers in Spain

Frequently Asked Questions

The best silver CFD brokers for Spain traders offer XAG/USD with spreads from 2 cents, flexible leverage, and the ability to trade alongside gold and platinum for diversified precious metals strategies. All brokers listed accept EUR.
The gold/silver ratio shows how many ounces of silver equal one ounce of gold. Historically it averages 60-70. Above 80, silver is considered undervalued relative to gold — traders may go long silver/short gold expecting mean reversion.
Yes — silver is roughly 2-3x more volatile than gold on a percentage basis. A 1% move in gold typically corresponds to a 2-3% move in silver. This higher volatility means larger potential profits but also larger potential losses.
Silver CFD leverage ranges from 1:10 (ESMA-regulated EU brokers) to 1:500 (offshore brokers). Higher leverage allows larger positions but increases risk proportionally. Spain traders should use leverage appropriate to their risk tolerance.
Silver has highest liquidity during London (08:00-16:00 GMT) and US (13:00-21:00 GMT) sessions. Key price catalysts include: US CPI/PPI data, FOMC decisions, industrial PMI reports, and geopolitical safe-haven flows.
Yes — micro lots (100 oz) require margin as low as $10-25 depending on leverage. This lets Spain traders gain exposure to silver price movements without committing significant capital.
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. Deriv
  6. FCA

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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 — Silver CFD (XAG/USD) brokers for Spain traders

Across the 6 Silver CFD (XAG/USD) 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 5 of those figures taken from the broker's own published specification.

median researched EUR/USD spread
0.3 pips
Brokers measured
6
Linked to broker spec
5 of 6
Data as of
2026-09-02

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 · 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.