Company

Spread

for EUR/USD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details

City Index

Offers three ways to trade: Forex, CFDs, Spread Betting

 Offers over 12,000 instruments
City Index
See Details Try a Demo
Your capital is at risk
£25Min. Deposit Learn More
  • MT4
  • WebTrader
  • Mobile apps
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  • Variable

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Trust Score:

A

Used by:

140,000

Established in:

1983

Regulated by:

Financial Conduct Authority, A...

CFDs are leveraged products and can result in the loss of your capital. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Spain

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose City Index
For Spain?

City Index scored best in our review of the top brokers for spain, which takes into account 120+ factors across eight categories. Here are some areas where City Index scored highly in:

  • 34+ years in business
  • Offers 12500+ instruments
  • A range of platform inc. MT4, Web Trader, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 0.5 pips
  • Used by 140,000+ traders
  • Allows hedging
  • 3 languages
  • Leverage up to 1:200

City Index offers three ways to trade: Forex, CFDs, Spread Betting. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

City Index have a A trust score, which is good. This is largely down to them being regulated by Financial Conduct Authority, ASiC and MAS, segregating client funds, being established for over 34 years, and much more. For comparison:

Trust Score comparsion

City Index
Trust Score A
Year Established 1983
Regulated by Financial Conduct Authority, ASiC and MAS
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who City Index is (& Isn’t)
Suitable For

As mentioned, City Index allows you to trade in three ways: Forex, CFDs, Spread Betting.

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading

Not Suitable for:

To trade with City Index, you'll need a minimum deposit of $100. City Index offers a range of different account types for different traders including a micro account, mini account, .

Finally, City Index isn't available in the following countries: CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW. They do not offer islamic accounts either.

Part 3

A Comparison of City Index vs. vs.


Want to see how City Index stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
City Index
Fixed Spreads
Variable Spreads
EUR/USD Spread 0.5
GBP/USD Spread 2.1
USD/CAD Spread 2.0
USD/JPY Spread 1.6
DAX Spread 1.0
FTSE 100 Spread 1.0
S&P500 Spread 0.4

Comparison of account & trading features

City Index
Spread type Fixed
EUR/USD Spread 1983
EUR/GBP Spread Financial Conduct Authority, ASiC and MAS
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

XTB

www.xtb.com/es

XTB are online brokers from Europe trading in financial derivatives. Founded in 2002, the company are established in more than 15 countries throughout Europe, South America and Asia. They provide facilities for trading and investing in OTC (Over the Counter) derivatives for multiple asset classes such as Forex, commodities, indices, CFDs, options and cryptocurrencies, across 1500 markets around the globe. XTB were winners of the Best Trading Platform award in 2016.

In Spain, XTB are authorised and registered with Spanish regulatory body, the National Securities Market Commission (CNMV). Its representative company, XTB Limited, is based in London in the UK and regulated by the Financial Conduct Authority (FCA).

XTB have become one of the top choices amongst traders in Spain due to benefits such as a Spanish language website, complete with market information, educational tools, and live webinars. The company have an office located in Madrid, Spain, with a dedicated phone number and email address offering assistance to Spanish customers. The XTB trading platform, xStation 5, is easy to use and fully customisable. It allows swift transactions, with the average trade execution time being just 85 milliseconds. The company provides multiple analytical tools to assist Spanish traders such as a trade calculator, performance statistics, sentiment charting, and more. A 1-to-1 mentoring and development plan is also available for traders.

Just some of the popular stocks and markets traded by XTB clients from Spain include the Spain35 index, EUR/USD FX pair, and Bitcoin.

Plus500

www.plus500.es

With their dedicated Spanish website, Plus500 are amongst the top brokers for traders from Spain. Their powerful CFD trading platform is provided in Spain by the subsidiary company, Plus500 UK Ltd. Based in London, in the UK, the company are subject to the regulatory standards prescribed by the Financial Conduct Authority (FCA), and permission is granted to carry out dealing in financial instruments in Spain through the FCA passporting arrangements.

Due to its advanced features and powerful technology, the Plus500 trading platform is one of the highest rated on Google Play and the Apple AppStore; and the platform is also available to trade online through a browser, without the need to download any software.

Just some of the trading platform features include a ‘Guaranteed Stop’ facility, trailing stop and limit. Tight spreads, leverage of up to 1:300, and zero commission are also offered on CFD trades, making them a competitive broker for Spanish traders.

Popular underlying markets offered to Spanish CFD traders include Santander, EUR/USD, and the IBX Spain 25 index.

The Plus500 group are widely known throughout Spain, thanks to their sponsorship deal with the Spanish football champions, Atlético de Madrid, who were Champions League finalists in 2016.

AvaTrade

www.avatrade.es

AvaTrade are a Forex and CFD broker headquartered in Dublin. Through their multiple digital platforms, they offer trading in a wide range of markets such as commodities, stocks, indices, ETFs and bonds. They are regulated by the Central Bank of Ireland, and adhere to the regulations set out in the EEA Markets in Financial Instruments Directive (MiFID). With industry experience of over 10 years and a presence in more than 150 countries, they are an established company offering award winning, innovative brokerage services.

AvaTrade are one of the top broker service providers amongst traders in Spain as they offer a Spanish language website, complete with market information, training tools and live webinars. Trading courses cover topics such as trading the Spanish stock market, the real time IBEX Spain 35 index, and detailed learning about various financial instruments. Spanish support is also available via live chat, email and telephone.

Spanish versions of the trading platforms are also an added advantage, and include the powerful MetaTrader 4, AvaTradeAct and automated platform, Mirror Trader. Clients have access to in excess of 250 instruments, with up to 400:1 leverage. The AvaTrade trading platforms are available with Euros as the base currency, and a demo trading account with € 100,000 virtual currency is available for a period of 21 days.

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