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Online trading platforms in Spain

Who can legally serve Spain residents, and how they rank. Rankings use the licensed entity each broker would open your account with. Local regulators: CNMV.

Forex brokers

Full ranking (29) →
  1. 1IG logoIG4.2/5
  2. 2FxPro logoFxPro3.9/5
  3. 3CMC Markets logoCMC Markets4.1/5

CFD brokers

Full ranking (31) →
  1. 1IG logoIG4.2/5
  2. 2eToro logoeToro3.7/5
  3. 3FxPro logoFxPro3.9/5

Stock brokers & investing apps

Full ranking (9) →
  1. 1eToro logoeToro3.6/5
  2. 2Interactive Brokers logoInteractive Brokers4.1/5
  3. 3XTB logoXTB3.7/5

Crypto exchanges

Full ranking (19) →
  1. 1Coinbase logoCoinbase4.1/5
  2. 2Revolut logoRevolut3.6/5
  3. 3Crypto.com logoCrypto.com4.0/5

Rules in Spain

Quoted from the regulators. Coinish only links to providers whose entity is allowed to serve Spain residents.

Forex

Local licence required

Brokers need MiFID II authorisation from an EEA regulator; firms authorised elsewhere in the EEA may serve residents under the European passport. Retail forex is offered as CFDs; the CNMV limits leverage and restricts CFD marketing to retail investors in Spain, whatever the firm's home country.

Regulator sources (3)
  • “certain established limits, this involving a limitation to the maximum leverage”

    cnmv.es · Oct 8, 2026

  • “and services to retail investors in Spain, regardless of the origin of the investment firm”

    cnmv.es · Oct 8, 2026

  • “investment firms authorised by Bafin may establish a branch, make use of tied agents or provide investment services on a cross-border basis”

    bafin.de · Oct 5, 2026

CFDs

Local licence required

Brokers need MiFID II authorisation from an EEA regulator; firms authorised elsewhere in the EEA may serve residents under the European passport. The CNMV limits CFD leverage and restricts CFD marketing to retail investors in Spain, whatever the firm's home country.

Regulator sources (3)
  • “certain established limits, this involving a limitation to the maximum leverage”

    cnmv.es · Oct 8, 2026

  • “and services to retail investors in Spain, regardless of the origin of the investment firm”

    cnmv.es · Oct 8, 2026

  • “investment firms authorised by Bafin may establish a branch, make use of tied agents or provide investment services on a cross-border basis”

    bafin.de · Oct 5, 2026

Stocks & ETFs

Local licence required

Brokers need MiFID II authorisation from an EEA regulator; firms authorised elsewhere in the EEA may serve residents under the European passport.

Regulator sources (1)
  • “investment firms authorised by Bafin may establish a branch, make use of tied agents or provide investment services on a cross-border basis”

    bafin.de · Oct 5, 2026

Crypto

Local licence required

Since the MiCA transitional period ended on 1 July 2026, crypto platforms serving EU residents need MiCA authorisation as a crypto-asset service provider (CASP) in an EU member state.

Regulator sources (2)
  • “Articles 109 and 110 of the MiCA Regulation empower ESMA to publish a central register of crypto-asset white papers, authorised crypto-asset service providers, and non-compliant entities”

    esma.europa.eu · Oct 5, 2026

  • “Regulation (MiCA) on 1 July 2026”

    esma.europa.eu · Oct 5, 2026