More about XM
Broker availability
Is XM Available in 🇪🇸 Spain?
Partly — XM accepts clients in Spain, with limits
Not available to residents: crypto_cfd, high_leverage. ESMA/MiFID II regulations — leverage capped at 1:30 for forex, crypto CFDs unavailable.
Availability last verified: October 2026
Broker availability in 🇪🇸 Spain
147 / 341 brokers147 out of 341 brokers in our database accept clients from Spain (43% availability). See all available brokers →
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XM vs alternatives in 🇪🇸 Spain
| Regulator | FSA, CySEC | FCA, CySEC | FCA, ASIC | MAS, ASIC |
| Min. deposit | $5 | $100 | $100 | $100 |
| Spread from | 0.6 pips | 1 pips | 0.6 pips | 0.9 pips |
| Max leverage | 1000 | 500 | 500 | 400 |
| Available | ✓ Yes | ✓ YesOpen Account | ✓ YesOpen Account | ✓ YesOpen Account |
Why choose XM in 🇪🇸 Spain?
Min. deposit
$5
Spread from
0.6 pips
Max leverage
1000
BrokerRank score
3.85 / 5
- Negative balance protection
- No deposit/withdrawal fees
- Very low minimum deposit ($5)
- Strong educational resources
- Regulated by FSA & CySEC — legally available to Spain residents under CNMV (Comisión Nacional del Mercado de Valores) + ESMA
Trading conditions in 🇪🇸 Spain
Regulated by CNMV (Comisión Nacional del Mercado de Valores) + ESMA. Max forex leverage: 1:30. Permitted instruments: Forex, CFDs, Stocks, ETFs, Options. Spain applies ESMA leverage caps. CNMV has its own blacklist of unauthorised entities operating in Spain.
Other recommended brokers available in 🇪🇸 Spain
Comparing XM with other brokers available to Spain traders.
- No commissions on spreads
- FCA, ASIC and CySEC regulated
- Islamic accounts available
- FCA regulated with strong reputation
- Supports MT4, MT5, and own platform
- Negative balance protection
- Good educational content
- Regulated in 6 jurisdictions
- No commission on most accounts
- 24/7 trading on synthetic indices
- No commission on most products
- Very low minimum deposit ($5)
About XM
Regulated by
FSA, CySEC
Headquarters
Limassol, Cyprus
Founded
2009
Min. deposit
$5
BrokerRank score
3.85 / 5
Markets
forex, stocks, cfd
Frequently Asked Questions
1Is XM available in Spain?
XM accepts clients from Spain, but not without limits. Not available to residents: crypto_cfd, high_leverage. ESMA/MiFID II regulations — leverage capped at 1:30 for forex, crypto CFDs unavailable.
2What are the best alternatives to XM for Spain traders?
Brokers we recommend in Spain include ForTrade, FxPro, AvaTrade. All are verified to accept clients from Spain and are regulated by reputable authorities.
3Can I use a VPN to access XM from Spain?
Using a VPN to circumvent geo-restrictions violates XM's terms of service and can result in account closure or frozen funds. It also leaves you without regulatory protection. We strongly recommend using a broker that is properly licensed to serve your country.
4Is forex trading legal in Spain?
Yes — forex trading is legal in Spain and regulated by CNMV (Comisión Nacional del Mercado de Valores) + ESMA. The maximum permitted leverage for forex is 1:30. Only brokers licensed in Spain or operating under an approved passporting arrangement can legally serve retail clients.
5What leverage is available for traders in Spain?
Forex: up to 1:30. Stocks: up to 1:5. These limits are set by CNMV (Comisión Nacional del Mercado de Valores) + ESMA and apply to all licensed brokers serving Spain residents. Spain applies ESMA leverage caps. CNMV has its own blacklist of unauthorised entities operating in Spain.
6Which financial instruments can traders in Spain access?
Traders in Spain regulated by CNMV (Comisión Nacional del Mercado de Valores) + ESMA can access the following instruments: Forex, CFDs, Stocks, ETFs, Options. Spain applies ESMA leverage caps. CNMV has its own blacklist of unauthorised entities operating in Spain.
7Which brokers accept clients from Spain?
147 out of 341 brokers in the BrokerRank database accept clients from Spain. Recommended options include ForTrade, FxPro, AvaTrade. You can see the full list on our Spain brokers page.