Best CFD Brokers in Spain 2022


Looking for the best CFD brokers in Spain? Look no further! In this article on AtoZ Markets, we will list some of the top brokers in the country and explain what makes them stand out from the competition. Whether you are a beginner or an experienced trader, there is a broker out there that will meet your needs. So what are you waiting for? Read on to find out more.

Spain is a country with a long history of trading and investment. In recent years, online trading has become increasingly popular in the country. With so many brokers to choose from, it can be difficult to know where to start. That's why we've done the research for you and compiled a list of the best CFD brokers in Spain.

Each of these brokers has something different to offer, so be sure to read through the descriptions carefully to find the one that best suits your needs. And remember, always do your own research before making any decisions about where to invest your money.

How to Choose CFD Brokers in Spain?

When it comes to online trading, there are many different brokers to choose from. And with so many options, it can be difficult to know where to start. That's why we've done the research for you and compiled a list of the best CFD brokers in Spain.

Each of these brokers has something different to offer, so be sure to read through the descriptions carefully to find the one that best suits your needs. And remember, always do your own research before making any decisions about where to invest your money.

Here are some things to look for when choosing a CFD broker:

Regulation: When choosing a CFD broker, make sure that they are regulated by a reputable authority. This will ensure that your broker is following all the necessary rules and regulations. In Spain, check if the broker is regulated by "Comisión Nacional del Mercado de Valores", the National Securities Market Commission. But Spanish regulation is not mandatory for a broker to have Spanish clients. Brokers that are regulated by any European regulatory authorities can accept Spanish to Traders.

Assets: Make sure the broker offers CFD trading on the assets you are interested in.

Trading Platforms:  Some brokers offer their own proprietary trading platforms, while others use third-party platforms such as MetaTrader. Choose the platform that best suits your needs.

Fees:  Make sure you are aware of all the fees charged by the broker, including spreads, commissions, and overnight financing charges.

Customer Support:   Choose a broker with excellent customer support that is available 24/ hours a day. This will ensure that you can get help when you need it.

Demo Account:  Many brokers offer demo accounts which allow you to test out their platform and practice trading without risking real money. This is a great way to learn about online trading and see if it is right for you.

Minimum Deposit:  Some brokers require a minimum deposit in order to open an account. Choose a broker that has a minimum deposit that you are comfortable with.

Now that you know what to look for in a CFD broker, it's time to start your search. And remember, always do your own research before making any decisions about where to invest your money.

The best way to find the right broker for you is to compare different brokers and their features. You can do this by reading online broker reviews, such as the ones on our website.

Broker reviews are a great way to get an overview of what each broker has to offer and see what other traders have to say about them. However, it's important to remember that not all broker reviews are created equal. Some reviews are biased and may not give you an accurate picture of a broker. It's always best to read multiple reviews from different sources before making a decision.

Once you've narrowed down your options, the next step is to open a demo account with each of the brokers you're considering. A demo account allows you to trade with virtual money and get a feel for the broker's platform. This is a great way to see if a broker is right for you without risking any real money.

Best CFD Brokers in Spain

Best CFD Brokers in Spain

Finding a reliable CFD broker is a time consuming task. But don't worry, we have made your job easier by doing extensive research. And we picked the top four CFD Brokers in Spain regulated by CNMB and European regulatory authorities. Without further ado, here are the best CFD brokers in Spain:

Multibank

Multibank is a leading broker that offers CFD trading on forex, stocks, indices, and more. MEX Spain has obtained approval to operate from the National Securities Market Commission (CNMV), Spain’s main financial regulator and has a user-friendly platform. Multibank is a great choice for those who are looking for a broker with experience in the industry.

MultiBank Group reveals new crypto brand, MultiBank.io

image credit: Multibank Group

MultiBank Regulations

MultiBank Group consists of several companies that are heavily controlled across five continents by ten financial regulators across a variety of areas, ensuring protection for investors. They are regulated by the following regulatory authorities:

Spain: MEX Spain has obtained approval to operate from the National Securities Market Commission (CNMV).

Australia: MEX Australia is governed through the Australian Securities & Investments Commission with AFSL numbers 416279.

Germany: The broker is regulated by The Federal Financial Supervisory Authority (BAFIN) with license number HRB 73406.

Austria: MEX Asset Management GmbH -Austria branch is licensed and regulated under the Financial Markets Authority (FMA) under licence number 491129z.

Cayman Islands: MEX Atlantic Corporation is licensed and controlled through CIMA. Cayman Islands Monetary Authority (CIMA) with license number 1811316.

British Virgin Islands: Multibank FX International Corporation is licensed and controlled under the Financial Services Commission of the British Virgin Islands (FSC) under license number SIBA/L/14/1068.

Hong Kong: Red Rock Pay Ltd is licensed and is regulated under the supervision of Hong Kong Customs and Excise (HKCE) Department under license number 18-11-02612.

Singapore: MEX Global Markets PTE. LTD. is authorized and controlled through Singapore's Monetary Authority of Singapore (MAS) with license number CMS101174.

Pacific Region: MEX Pacific (V) Ltd is licensed and regulated by Vanuatu Financial Service Commission (VFSC) and has a license number 700443.

Multibank Trading Platforms

Traders can choose a platform among a list of trading platforms of MultiBank Group. They offer the following trading platforms.

MetaTrader 4

MetaTrader 5

WebTrader

Social Trading

Mobile App

MultiBank Products

If we see the investment options, MultiBank offers Forex, Metals, Shares, Indices, Commodities and Cryptocurrencies. 

MultiBank provides 55+ major, cross, and exotic currency pairs, and gives the tightest spreads. Their EUR/USD spreads start from 0.0 pip in an ECN account. If you are a mental lover, MultiBank has Gold, Silver with 7 CENTS Tightest spreads on Gold, 3 CENTS Tightest spreads on Silver. MultiBank offers CFDs on stocks. They have 20,000 equities of the largest multinational companies listed on the top stock exchanges in the world. 

MultiBank has major indices from all over the world. You can trade major indices like US30, SP500, DE30, UT100, UK100, AUS200 and more. They provide 16 major commodities by CFDs. Spreads start with zero pip and have lower margin. Multibank offers Crypto-Fiat pairs for trading. For example, they have BTC/USD (Bitcoin), ETH/USD(Etherium), LTC/USD (LiteCoin), RPL/USD (Ripple) and more. 

MultiBank offers three types of accounts.  Standard, Pro, ECN accounts and Demo accounts. All account types support Social Trading.

They have Islamic accounts for Shares, Crypto, Indices and Commodities. Swap Free account is only available with Standard account.

They also have a Mex Sports account exclusively for the MT5 platform.

For Forex, spreads start from zero in an ECN account and vary according to your account type.

MultiBank provides 1.500 leverage on forex and metals.  For shares 1:20, For Indices 1:100, for crypto 1:20

Read More: Best Forex Brokers in Spain 2022

MultiBank Cost

They do not have any commission for Standard and Pro accounts but for ECN  accounts they charge €3 per lot.

They have a wide range of deposit methods including bank transfers and cards.

Minimum withdrawal amount is €50 for card and online and for bank transfer it's €100.

They do not have any deposit or withdrawal fees.

Deposit and Withdrawal time vary depending on the payment methods as they have so many methods.

MultiBank Customer Support  

Trading requires a lot of customer support from brokers. They provide 24/7 support which is really amazing. Their customer support is available via Whatsapp, form filling, live web chat and 24/7 phone call. We found their web chat very responsive.

Read Full Review of Multibank

Multibank Pros & Cons

Pros

√ They offer 20,000+ assets

√ Low spreads from 0 pips and maximum leverage of 1:500

√ They have MAM/PAMM accounts and proprietary copy trading platform

√ Multibank provides ECN trading with deep liquidity and no requotes

Cons

- Scalping is not allowed on Multibank

- They have limited education resources

Want to try Multibank in Spain? You can do so by clicking the following link:

Trade CFDs with Multibank in Spain

Capex

Capex is an online Forex and CFD broker founded in 2016. It is headquartered in Cyprus, but also has offices in South Africa, Romania, Spain, United Arab Emirates, and Seychelles. This brand is operated by Key Way Investments Limited.

Capex review

image credit: Capex

Capex Regulations

Capex is regulated by the following reputable regulatory authorities:

Cyprus: Key Way Investments Ltd operates capex.com and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with a branch in Spain.

Spain: Capex is registered with the Spanish National Securities Market Commission (CNMV).

Romania: Capex is registered with the Romanian Financial Supervisory Authority (ASF).

South Africa: za.capex.com and is authorized and regulated by the South African Financial Sector Conduct Authority (FSCA).

Abu Dhabi: ae.capex.com is regulated by Financial Services Regulatory Authority 

Seychelles: sc.capex.com is authorized and regulated by the Seychelles Financial Services Authority (FSA).

Capex Trading Platforms

Capex offers its traders three types of trading platforms: WebTrader, MT5 and a mobile trading app.

WebTrader

Capex has a very innovative and well-structured trading platform of its own known as WebTrader. This Capex platform is the right choice for beginners as it is easy to use and displays the main trading indicators. It is very intuitive for a novice trader and allows you to trade directly from your desktop and with really fast order execution times.

MetaTrader 5

This broker also has MT5, an open source platform that replaces the already famous MT4, adding new and improved features to a platform that was already considered perfect.

The advantage of MetaTrader 5 is that, being open-source, extra applications can be installed that you can find in the store that the platform itself offers you. You can configure the graphics in a completely original way and add functions to it that you consider necessary

Mobile app

This mobile trading platform is available both for iOS and in the Play Store and it's also very popular. User feedback on the forums is very positive and it has a high Capex usage rate, so many users prefer the convenience of a smartphone when using this broker.

Capex Products

Capex is a global broker trading over 2,100 trading instruments including stocks, CFDs, indices, Forex, cryptocurrencies, ETFs, government bonds and commodities.

Capex offers five Forex trading account types: Basic, Essential, Original, Premium and Signature with minimum deposits of $100, $1000, $5000, $10,000 and $25,000 respectively. 

If you are also into Forex trading, we recommend the following 3 Forex Brokers.

Capex Cost

CAPEX is a broker with no trading commissions. Capex Spreads On EUR/USD it averages 1.8 pips.

Capex has €30 inactivity fees, if your account is inactive for more than 3 months.

CAPEX does not include any other costs or commissions for trading and using its tools.

Capex Customer Support

If you need to contact CAPEX customer support you can do so by phone, email and live chat.

Live chat, which you can contact from the Capex website and app, is the quickest way to get support, and the fact that it is "in writing" leaves no room for misunderstanding.

On the Capex website you will also find a section dedicated to FAQs.

Read Full Review of Capex

Capex Pros & Cons

Pros

√ Regulated by CySEC

√ More than 2,100 instruments

√ Trading available for shares, cryptos, bonds, ETFs, indices, and FX

√ Trade via WebTrader or MT5

√ Minimum deposit $100

Cons

- No access to MT4

- United States, Canada or Japan clients not accepted

Want to try Capex in Spain? You can do so by clicking the following link:

Trade CFDs with Capex in Spain
 

IronFX

IronFx is a CFD broker that offers traders access to global CFD and FX markets with the world-class MT4 trading platform. Moreover, the variety in account types, low spread, PAMM, and MT4 multi-terminal makes the broker unique.

IronFX review

image credit: IronFX

IronFX Regulations

IronFX is licensed and regulated by the following reputable regulatory authorities around the world:

United Kingdom: IronFX is licensed and regulated by The Financial Conduct Authority (FCA).

Spain: IronFX is licensed and regulated by the Spanish national financial market commission (CNMV).

Netherlands: IronFX is licensed and regulated by the Authority for the Financial Markets.

France: The broker is regulated by The Autorité des marchés financiers (AMF).

Germany: IronFX is also regulated by the Federal Financial Supervisory Authority (BaFin). 

The Broker is also regulated by CNB in Czech Republic, by CNVM in Portugal, by FI in Sweden, by KNF in Poland, by CONSOB in Italy and by HFSA in Hungary.

Ironfx Trading Platforms

For IronFx, South Africa, they only offer the world famous MT4 trading platform. They don't have MT5 or any other platforms. You can download it on Windows, MacOs, Android and iOS.

IronFx Products

IronFx offers 83 Currency pairs, 6 metal pairs, 17 Indices, 3 commodity pairs, 25 CFDs on futures and shares of world famous companies of different markets.

For Forex, Spreads start from zero pip. Leverage for currency pairs is from 1:100 to upto 1:1000 depending upon your equity amount. 

IronFx Cost

In live floating and live fixed accounts there are no commissions. For Zero spread and absolute zero spread STP/ECN, the commission starts from $18 to up to $43 depending on currency pairs. 

Minimum deposit amount is $50 and Minimum withdrawal amount is $10.

Ironfx Customer Support

The broker’s support in South Africa is available 24 hours a day, 7 days per week through live chat and phone call. I have checked their live chat. They are very quick to respond.

Read Full Review of IronFX

IronFX Pros & Cons

Pros

√ IronFx is that the website is easy to navigate. 

√ The broker is regulated by many reputable regulatory authorities around the world

√ Broker platforms are also very user-friendly, which makes it a great choice for beginners. 

√ IronFx has a lot of powerful third-party add-ons available. 

Cons

- IronFx's research and news resources are a bit stale.

- IronFX doesn't offer MT4

- IronFx does not have integrated cryptocurrency trading.

Want to try IronFX in Spain? You can do so by clicking the following link:

Trade CFDs with IronFX in Spain
 

eToro

eToro is a social trading platform that has been customized for Spain and European traders. The company has 10 million users, and it's easy-to get started thanks to their custom built interface.

etoro logo

image credit: eToro

eToro's powerful trading tools help you find the best traders to copy and trade successfully.

eToro Regulations

eToro is regulated by various regulatory authorities around the world. They are:

Europe: eToro Europe is regulated by the Cyprus Securities & Exchange Commission (CySEC) with license number 109/10.

United Kingdom: eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA), company reference number 583263.

Australia: eToro AUS Capital Pty Ltd is licensed by the Australian Securities and Investments Commission (ASIC) to provide financial services under the Australian Financial Services License, license number 491139.

USA: eToro USA is operated by eToro USA LLC, registered with FinCEN.

eToro Products

They have  49 Currency pairs, 32 Commodities, 13 Indices, 2711 Stocks, 264 EFTs, and 51 Crypto Currencies. They have Tradable Symbols (Total) : 3056.

eToro Trading Platforms

They do not have MT4 or MT5 however they do have a proprietary Platform as well as Web platform, and mobile app.

eToro Cost

The minimum deposit of eToro can range from €10 and €200.

eToro does not charge fees for deposits, however withdrawal fees are €5. For withdrawals made in currencies other than USD, you are subject to conversion charges. With the exception of bank wires, eToro deposits are instant. Also, the time for withdrawals is dependent on the method of payment used.

eToro spreads start as low as 1 pip. In Europe they offer leverage of 1:30 for forex pairs.

eToro Customer Support

They offer excellent customer support via phone, email or call-back services, as well as live chat on the web. For having a live chat, you need to login to their website.

Read Full Review of eToro

eToro Pros and Cons

Pros

√ Trading in ETFs and stocks is free.

√ Opening a new account in a seamless way

√ One of the best social trading platform

√ Minimum amount to open an account and start investing.

Pros

- Customer service is required to be improved.

- Account base currency is only one 

- Expensive non-trading charges

If you want to give it a try with eToro, you can use the link  below:

Trade Forex with eToro

Conclusion

We hope this list has helped you narrow down your search for the best CFD broker in Spain. Remember to do your own research before making any decisions about where to invest your money. If you're looking for more information on online brokers, be sure to check out our other posts. We've got everything you need to know about the best online brokers in the UK, US, Canada, Australia, and more.

Best CFD Brokers in Spain 2022

 

Next Read: Best Forex Brokers in Europe 2022