Spain E- Brokerage Industry Overview
Various multinational players are operating in the Spanish e brokerage market. Among them Interactive Broker, Saxo Bank, DEGIRO, TradeStation, eToro, Pro RealTime Trading, IG, CMC Market, iBroker, BBVA Trader are the most popular ones. . The most popular online broker is eToro which has crossed 20 million subscribers out of which 69% are from the European region. Many of the traditional brick and mortar traditional brokers are also opting for the online platform. The e-brokerage houses have a competitive advantage in terms of cost compared to their traditional counterparts. E brokerage houses spend heavily on marketing to acquire a higher customer base. Due to this intense competition is seen among the e-brokerage company in Spain to acquire a higher subscriber base. There are countless Forex brokers operating in Spain as they need not be authorized by CNMV or the European Security Market Authority. This also has led to scams and fraud in the forex brokerage so it is quintessential to background check the brokerage house before opting for one.
Spain E- Brokerage Market Leaders
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eToro
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Interactive Broker
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DEGIRO
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BBVA Stock Broker
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CMC Market
- *Disclaimer: Major Players sorted in no particular order
