Top International Online Brokers In Spain

In the European Union, Spain is among the supreme financial powerhouses. The Catalan is a big country with a significant financial market because of the high population that currently lives there. For many stock, Forex, CFD and commodity traders who fully use brokerages in Spain, it is a preferred destination as Spanish brokers are well regulated by regulatory bodies in the country.

Spain's financial & security markets are regulated by the National Securities Market Commission (CNMV)

• Provision of fair trading fees and safety
• Easy and affordable ways of depositing and withdrawing money
• A friendly and easy to navigate user interface
• An easy account opening procedure
• Provision of a wide range of products
• Provision of a mobile trading feature

It is important for traders who operate asset classes such as retail CFD accounts that these regulations may not apply to ventures.

If you're considering venturing into trading or you're an active trader already, here are top online brokers in Spain that you should consider trading with.

Key Takeaways

• Spain is a significant financial powerhouse in the European Union and its brokers are well regulated by the National Securities Market Commission (CNMV).
• The Madrid Stock Exchange offers investors and stock brokers in Spain the opportunity to turn their share purchases into cash whenever they wish.
• AvaTrade, eToro, DEGIRO and easyMarkets are some of the top online brokers available in Spain.

Disclaimer

The contents of this article are for educational purposes only. They are not intended to be a source of professional financial advice. You will find experts on financial planning, financial management, and real estate here. More on disclaimers here.

Can I trade stocks in Spain?

Yes, you can trade stock in Spain. The easiest way to invest in the Spanish stock market is to invest in a broad market index using ETFs, which can be done at a low cost. There are two indices tracked by ETFs on the Spanish stock market, and there are no regional ETFs available with significant weight of Spanish stocks.

The Madrid Stock Exchange offers investors and stock brokers in Spain the opportunity to turn their share purchases into cash whenever they wish.

What is the best worldwide online broker?

With various trading platforms and online brokers continually evolving in their systems and upping their services, there is no one worldwide best online broker. However, eToro, TD Ameritrade and Interactive Brokers are some of the best online stock brokers.

Can I open a TD Ameritrade account in Europe?

To begin the process of opening a foreign account with TD Ameritrade, visit the broker's website and click on the "Open New Account" link at the top of the page. However, it should be noted that for some countries, attempting to open an account may result in an error message indicating that TD Ameritrade is not currently accepting applications from residents of that country

Is Interactive Brokers available in Spain?

Interactive Brokers operate in Spain and it stands out as one of the top international online brokers available in Spain, offering wide ranging investment products and competitive advantages such as low trading fees and a 4.33% interest rate on USD cash balances.

Top Online Brokers in Spain

Note that the following is not an exhaustive list and some of these trading platforms require a minimum deposit.

AvaTrade

AvaTrade is an online trading company that was established in 2006 and has rapidly expanded since then. The company now handles a total of $70 billion trading volumes per month. What gives them a competitive edge is their user-oriented perspective combined with a stable financial backing. They are among the most secure brokers in the industry, with 7 regulations across 6 continents.

AvaTrade is a multi-national company with regional offices and sales centers in Paris, Dublin, Milan, Tokyo and Sydney. The company’s administrative headquarters are in Dublin, Ireland. They offer their clients a full spectrum of online trading services which include: CFD trading, forex trading, stocks, cryptocurrencies and indices. To enhance the customer experience, they do have 24-hour multilingual support desks that offer support to their clients worldwide.

Since 2009, AvaTrade has received 30 reputable industry awards .

eToro

eToro is a renowned Israeli fintech company and a social trading broker. The company was established in 2007 and it serves its UK clients through a unit regulated by the Financial Conduct Authority (FCA). Australian clients are served through an Australian Securities and Investment Commission (ASIC) - regulated entity. Customers from all other regions are served by a Cypriot unit that is regulated by the Cyprus Securities and Exchange Commission (CySEC).

eToro is among the world’s leading social trading platforms, offering a wide array of tools to invest in the capital markets. They enable traders to create portfolios with cryptocurrencies, stocks, commodities, ETFs, etc. The company is regulated by the top-tier FCA and ASIC, a good sign for eToro's safety.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

e-Toro is a reputable broker and is highly recommended for traders interested in social trading and zero commission stock trading.

DEGIRO

DEGIRO is a German-Dutch online discount broker that was established in 2008 by former employees of another brokerage company in the Netherlands. DEGIRO merged with flatexDEGIRO Bank AG in early 2021. This led to the creation of the biggest online execution-only broker in Europe with its own banking license.

DEGIRO is regulated by top-tier financial authorities such as the Federal Financial Supervisory Authority in Germany.

Among the aspects that separate them from other online brokers include: They provide their clients with access to more than 50 exchanges across 30 countries for global investing, user friendly and comprehensive platform, low fees and security of the clients' assets.

easyMarkets

easyMarkets was founded in 2001 with an aim of democratizing trading. The company entered the market at a time when trading was only done in a physical trading room. More often than not, the traders would be wealthy individuals or institutional clients.

Through innovation, they have managed to build a web-based platform that offers a seamless user experience to its clients. The company was the first to introduce an online trading platform where it was impossible for you to lose more than you'd invested.

Over the years, they have expanded their offering to include: stocks, currencies, commodities, cryptocurrencies, etc.

IC Markets

IC Markets is an online brokerage company based in Australia, that trades in financial derivatives. It has its headquarters in Sydney and equity markets in Asia, Latin America, Middle East, Australia and Europe.

The company is a preferred choice for automated traders. Their order matching engine located in the New York Equinix NY4 data center processes over 500,000 trades per day, with over two thirds of all trades coming from automated trading systems.

IC Markets is regulated by the Australian Securities and Investments Commission.

Among the services offered by the company to traders include: Forex trading, commodities, stocks, indices, bonds and digital currencies.

IG

IG is a leading online trading provider that allows its clients access to multiple financial markets. The company was established in 1974 and its services are available in 17 countries, across 5 continents. IG International is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority.

IG is keen on the success of the traders on their platform and so they offer award-winning platforms with market-leading services. A great number of traders have invested their money with the company, more than anywhere else and this makes them the world’s No.1 CFD provider.

Some of the perks that come with using IG's trading platform include: access to the best in-class platforms, massive market range, access to seminars and courses that allow their beginner and pro traders sharpen their skills, access to expert support, ability to put a stop to loss so as to ensure that traders don't lose more than the balance in their accounts and a fast account opening process.

Overall, they are considered among the best overall brokers who are most trusted.

Interactive Brokers

Interactive Brokers Group, Inc. was founded by Thomas Peterffy in 1978. Over the years, the firm has grown to become one of the premier securities firms with over $10 billion in equity capital. It is considered among the best online brokers in the forex market today.

The company has presence in over 135 market destinations globally. They provide a variety of electronically traded products such as: bonds, currencies, stocks, options, futures, gold, cryptocurrency and funds globally. In a day, the company and its affiliates execute more than 2,499,000 trades.

Interactive Brokers has its headquarters in Greenwich, Connecticut and has over 2,500 employees in its offices in the USA, Switzerland, Canada, Hong Kong, UK, Australia, Hungary, Russia, Japan, India, China, Singapore, Ireland and Estonia.

Interactive Brokers is regulated by several top global financial authorities such as: UK's Financial Conduct Authority (FCA) and the US Securities and Exchange Commission (SEC). They are rated investment grade by Standard & Poor's.

Considering that the broker is regulated by several top tier authorities, the platform is generally considered as safe. In addition, the company also has a long track record and publicly disclosed financials while being listed on a stock exchange all point to IB being a safe service provider.

Saxo Bank

Saxo Bank is a Danish investment bank that was established in 1992. The institution provides a variety of online trading and investment services such as: stocks, EFTs, bonds, crypto EFTs, futures, among others.

The company is a licensed European bank that is regulated by the Danish Financial Services Agency (FSA) and the UK's Financial Conduct Authority (FCA). Being regulated by top tier financial institutions and having a long track record are good signs of the safety measures that have been put in place to protect all traders on the platform.

Using their technology, Saxo Bank powers over 200 banks and brokers and over 400 financial intermediaries. They work together with other banks, brokers, fintechs, financial advisors and other partners to enable them to use their capital markets solutions in order to provide trading and investment services to their partners and clients.

Plus 500

Plus500 is a global fintech firm that is based in the UK, with its main offices in London. The company was founded in 2008 by six alumni of the Technion - Israel Institute of Technology. They provide online trading services in contracts for difference, in more than 2,500 financial instruments. Among the services offered by the company include: EFTs, commodities, forex, indices, cryptocurrency, etc.

The company is authorized and regulated by the Financial Conduct Authority (FCA) to offer Contracts For Difference (CFD). The company is a fast growing CFD provider in Europe and Asia and currently offers its portfolio of over 1000 instruments to over a million clients.

XM Group

XM Group was established in 2009 and has grown to become one of the industry leaders in the online brokers space. With over 5,000,000 clients since inception, XM Group has grown to become a notable international investment firm.

An aspect that gives them a cutting edge in this industry is the fact that they offer customer support in over 30 languages.

Among the online services offered to online traders include: Trading instruments, forex trading, cryptocurrencies, stocks, commodities, equity indices, precious metals.

The company aims to help their clients realize their investment goals, by applying the expertise and experience that they've gained over the years.

Over the years, the company has won multiple accolades as a result of their exceptional services.

Bay Street Capital Holdings

Bay Street Capital Holdings is a financial planning, wealth management, and investment advisory firm based in Palo Alto, California. The company's primary goal is to manage portfolios while maintaining and increasing total assets and income. However, unlike many other advisors who prioritize maximizing returns, Bay Street Capital Holdings focuses on managing total risk and volatility to provide its clients with better investment options.

William Huston, the company's founder, established Bay Street Capital Holdings after working for 13 years as a support for the United States' largest retirement plan, the Thrift Savings Plan. He is one of Investopedia's Top 100 Financial Advisors for 2021. In California, only two out of nineteen firms, including Bay Street Capital Holdings, are recognized as black-owned firms.

Ekenna Anya-Gafu CFP, AAMS, based in Scottsdale, Arizona, is recognized as one of the Best Financial Advisors for his responsiveness, friendliness, helpfulness, and detail. Bay Street Capital Holdings was established to support diverse and emerging fund managers and entrepreneurs. The company was selected as a finalist in the Asset Manager for Corporate Social Responsibility (CSR) category out of more than 900 firms across the United States in 2021.

Sources

https://www.justetf.com/en/how-to/invest-in-spain.html#:~:text=The%20easiest%20way%20to%20invest,significant%20weight%20of%20Spanish%20stocks.

https://www.justetf.com/en/how-to/invest-in-spain.html#:~:text=The%20easiest%20way%20to%20invest,significant%20weight%20of%20Spanish%20stocks.

https://topratedfirms.com/articles/europe/td-ameritrade-for-european-citizens.aspx#:~:text=Alternative%20to%20TD%20Ameritrade%20in%20Europe&text=The%20brokerage%20house%20doesn't,%2C%20Spain%2C%20and%20the%20UK.

https://brokerchooser.com/best-brokers/best-international-online-brokers-for-citizens-in-spain#:~:text=Interactive%20Brokers%20is%20the%20best,Wide%20range%20of%20products.

https://www.forbes.com/advisor/investing/best-online-brokers/

https://www.avatrade.com

https://www.degiro.eu

https://www.easymarkets.com

https://www.etoro.com

https://www.home.saxo

https://www.icmarkets.com

https://www.ig.com

https://www.interactivebrokers.com

https://www.home.saxo

https://www.plus500.com

https://www.xm.com