Best brokers for commodities in Spain
We checked which brokers let people living in Spain trade commodities: 5 of the 7 we follow do. XTB takes first place, followed by two brokers picked from those that serve Spain.
By Broksal Team, investing in forex and CFD markets since 2017. Updated . How we test
How we score
Each broker gets five sub-scores out of 5:
Regulation and safety (30%), trading costs (25%), platforms and tools (20%), range of markets (15%) and ease of use (10%). The overall score is the weighted average, rounded to one decimal.
Availability is checked against each broker's published country lists. The ranking order is editorial and reflects our commercial agreements, so it does not always follow the scores. Full methodology
Advertiser disclosure
Broksal is free to use because some brokers pay us a commission when you open an account through our links. This can influence which broker we feature and the order in which brokers appear.
Commissions never change the facts we publish about regulation, fees or country availability, and they cost you nothing.
Top 3 commodity brokers for Spain
- 1
Our top pick in Spain
XTB
4.8Own platform, no minimum deposit, commission-free stocks and ETFs within a monthly limit
Commodity CFDs Gold, oil and other commodity CFDs on xStation 5, with sentiment data and an economic calendar built in.
- Minimum deposit
- No minimum
- Platforms
- xStation 5 (web & desktop), XTB mobile app
- Entity for Spain
- XTB S.A. — KNF (Poland)
- CFDs
- Yes
Show pros, cons and feesHide details
xStation 5: Market Watch with sentiment tabs on the left, an EUR/USD hourly chart with one-click order entry, and open positions below. Account number blurred. What we like
- Publicly listed in Warsaw with KNF, FCA and CySEC oversight
- No minimum deposit
- xStation 5 is fast, clean and has built-in market sentiment and calendars
- Real stocks and ETFs commission-free up to €100,000 monthly turnover
Watch out for
- No MetaTrader or cTrader
- Since March 2026 the international entity accepts residents of only a short list of countries
- Inactivity fee after 12 months without trading
Fees
CFDs are priced through the spread on the Standard account. Real stocks and ETFs are commission-free up to €100,000 of monthly turnover, then 0.2% (minimum €10). Currency conversion and overnight swap costs apply.
Best for
Beginners and active traders who want one app for CFDs and real stocks.
- 2
XM
4.6MT4 and MT5 from a $5 deposit, with multiple account types
Serves Spain through its EU regulated entity
Commodity CFDs Gold and commodity CFDs on MetaTrader, including GOLD24-7 for weekend gold trading since 2026.
- Minimum deposit
- $5
- Platforms
- MetaTrader 4, MetaTrader 5, XM app
- Entity for Spain
- Trading Point of Financial Instruments Ltd — CySEC
- CFDs
- Yes
Show pros, cons and feesHide details
XM's MetaTrader platform on desktop and mobile, with one-click trading on EUR/USD. XM's EU site states that 75.12% of retail investor accounts lose money when trading CFDs with this provider. What we like
- Very low minimum deposit outside the EU
- MT4 and MT5 plus its own mobile app
- Accepts residents of a very wide list of countries
- Standard, Ultra Low and Shares account types
Watch out for
- Not available in the US, Canada, Israel or the UK
- Most non-EU clients are onboarded by an offshore entity with lighter protection
- Dormant account fee after 90 days without activity
Fees
The Standard account is commission-free with costs built into the spread; the Ultra Low account offers tighter spreads. Swaps apply on positions held overnight. A monthly dormant fee is charged after 90 days of inactivity.
Best for
MetaTrader users with small starting balances.
- 3
IC Markets
4.6Raw spreads, MetaTrader, cTrader and TradingView in one account (now branded IC)
Serves Spain through its EU regulated entity
Commodity CFDs Commodity, futures and bond CFDs on raw-spread accounts.
- Minimum deposit
- From $0 (varies by entity)
- Platforms
- MetaTrader 4, MetaTrader 5, cTrader +1
- Entity for Spain
- IC Markets (EU) Ltd — CySEC
- CFDs
- Yes
Show pros, cons and feesHide details
IC EU homepage after the rebrand from IC Markets: raw spreads from 0.0 pips and leverage up to 1:30 for EU retail clients. What we like
- Raw Spread accounts with low commissions
- Four platforms, including cTrader and TradingView
- ASIC and CySEC regulated entities
- Popular with automated and high-volume traders
- Rebranded to IC in 2026; same regulated entities
Watch out for
- Not available in the US, Canada, Israel or New Zealand
- Minimum deposit depends on the entity you are assigned
- Thin education and research compared with XTB or IBKR
Fees
Raw Spread accounts charge a commission per lot on top of raw interbank spreads (on MetaTrader it is $3.50 per side per standard lot). The Standard account has no commission and wider spreads. Swaps apply overnight.
Best for
Cost-sensitive and algorithmic traders.
Also available in Spain:
Interactive Brokers 4.7
eToro 4.3
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.
Commodities from Spain: the rules
Retail leverage for residents of Spain is capped at 20:1 on gold and 10:1 on other commodities. Locally, financial services are supervised by the CNMV.
Freedom24 has a local subsidiary and office in Spain. XTB has offered stock options to Spanish clients since 2026 and plans to launch spot crypto in Spain.
Best time to trade gold and oil from Madrid
Gold and oil are usually most liquid while London and New York are both open: 15:30–17:30 local time (UTC+2, early October 2026). Commodity CFDs pause briefly each day and close at weekends.
Tax
CFD gains are part of the savings tax base, taxed progressively from 19% up to 30% on the highest band. Accounts at foreign brokers above €50,000 must be reported on form 720. This is general information, not tax advice. More on trading from Spain.
All 7 brokers we review, checked for commodities in Spain
| Broker | Status | Access | Entity for Spain |
|---|---|---|---|
| XTB | #1 in this ranking | Commodity CFDs | XTB S.A. — KNF (Poland) |
| XM | #2 in this ranking | Commodity CFDs | Trading Point of Financial Instruments Ltd — CySEC |
| IC Markets | #3 in this ranking | Commodity CFDs | IC Markets (EU) Ltd — CySEC |
| Interactive Brokers | Available | Futures and CFDs | Interactive Brokers Ireland Limited — Central Bank of Ireland |
| Freedom24 | No commodities here | — | — |
| IQ Option | Not available in Spain | — | — |
| eToro | Available | Commodity CFDs | eToro (Europe) Ltd — CySEC |
Commodities rankings in countries bordering Spain
| Country | Brokers offering commodities | #1 |
|---|---|---|
| 🇦🇩 Andorra | 4 | XM |
| 🇫🇷 France | 6 | XTB |
| 🇵🇹 Portugal | 5 | XTB |
| 🇲🇦 Morocco | 4 | XM |
Frequently asked questions
What is the best commodity broker in Spain?
XTB, in our ranking. Gold, oil and other commodity CFDs on xStation 5, with sentiment data and an economic calendar built in. XM and IC Markets complete the top 3.
Which brokers offer commodities to residents of Spain?
Of the brokers we review: XTB (commodity cfds), XM (commodity cfds), IC Markets (commodity cfds), Interactive Brokers (futures and cfds) and eToro (commodity cfds).
What are the rules for commodities in Spain?
Retail leverage for residents of Spain is capped at 20:1 on gold and 10:1 on other commodities.
When is commodities most liquid in Spain?
Usually 15:30–17:30 local time, while London and New York are both open (early October 2026 times).
What is the best broker for trading gold?
XTB leads our ranking where it is available. Use our gold calculator to see what each dollar of price movement is worth for your position.
Availability last checked 6 October 2026. Brokers change their country lists without notice; the broker's sign-up form is the final word.