Are forex and CFD bonuses allowed in Spain?

No. The CNMV applies the EU ban on incentives for retail CFD and forex products, and adds its own restrictions on bonuses and aggressive marketing. A regulated broker will not offer them to Spanish residents.

How can I confirm a broker is authorised in Spain?

Check the firm against the CNMV's registers at cnmv.es, and look at the CNMV's published warnings about unauthorised entities (chiringuitos financieros).

Is there any offer a Spanish trader can still get?

Yes, but typically not on CFDs. Free-share or fee-rebate offers on real stock accounts, and crypto sign-up rewards, can still be available because they sit outside the CFD rules.

Why is Spain stricter than some other EU countries on this?

Beyond the shared EU ban, the CNMV has added national limits on CFD advertising, sponsorship and client referral payments, so the marketing of these products is more tightly controlled here.

Bonus availability

Broker bonuses in Spain

42 bonuses we have verified as available to traders in Spain.

Spanish traders see plenty of bonus adverts, but very few of them are real offers you can actually take. The rules on incentives here are firm, and the CNMV has gone further than many regulators on how CFD products may be marketed at all.

Bonuses available in Spain

#	Broker	Bonus	Type	Rating
1	eToro	US$10 to US$500 in free stocks (£ in the UK)Free stock	Free stock	4.3
2	BitMart	Referral commission on invitees' trading feesReferral	Referral	4.2
3	Tickmill	$1,000 monthly cash prizeContest	Contest	4.2
4	Firstrade	$100Cashback	Cashback	4.0
5	OKX	Up to $400 in BTC (first step about $5)Sign-up reward	Sign-up reward	3.9
6	Pepperstone	Pro: $50 to $1,000 cash; retail: 20 free tradesReferral	Referral	3.8
7	Binance	$100Sign-up reward	Sign-up reward	3.7
8	Trade Republic	5 to 200 EUR stock or ETF, both sidesReferral	Referral	3.6
9	Crypto.com	About $5 to $15 in CROSign-up reward	Sign-up reward	3.5
10	Bitpanda	Up to €100Referral	Referral	3.4
11	Coinbase	$5Sign-up reward	Sign-up reward	3.4
12	FXTM	Reward Points, 500 = $1Loyalty program	Loyalty program	3.4
13	Lightyear	€15Free stock	Free stock	3.3
14	Phemex	Two random Mystery Boxes (from 10 and 20 USDT)Sign-up reward	Sign-up reward	3.3
15	KuCoin	USDT and coupons for new usersSign-up reward	Sign-up reward	3.2
16	Lightyear	€10Referral	Referral	3.2
17	M4Markets	Per-lot referral rewardReferral	Referral	3.2
18	FXTM	$10 to $100 per friend, paid in Reward PointsReferral	Referral	3.0
19	BloFin	Up to 30 USDT in futures bonusSign-up reward	Sign-up reward	2.9
20	ThinkMarkets	$15Referral	Referral	2.9
21	BTCC	About 45 USDT in vouchersSign-up reward	Sign-up reward	2.8
22	FP Markets	Up to $200Referral	Referral	2.7
23	BitMart	13 USDT in vouchers for new usersSign-up reward	Sign-up reward	2.6
24	Bitget	Futures vouchers, not cashSign-up reward	Sign-up reward	2.5
25	BYDFi	100 USDT newbie giftSign-up reward	Sign-up reward	2.5
26	Pepperstone	20 commission-free trades (about $7 per lot)Fee discount	Fee discount	2.5
27	Kraken	$20Referral	Referral	2.3
28	MEXC	USDT 40Sign-up reward	Sign-up reward	2.3
29	Bitunix	2 to 6 USDT futures bonusSign-up reward	Sign-up reward	2.0
30	WEEX	About 20 USDT in non-withdrawable vouchersSign-up reward	Sign-up reward	2.0
31	Apex Trader Funding	Up to 92% off evaluationsEvaluation discount	Evaluation discount	Perk
32	BTCC	25% of referee fees, up to 500 USDT per friendReferral	Referral	Not rated
33	eToro	Up to 3.80% a yearInterest on balance	Interest on balance	Perk
34	FP Markets	Free VPSFree VPS	Free VPS	Perk
35	FundedNext	47% off Flex futures challengesEvaluation discount	Evaluation discount	Perk
36	FundedNext	Up to 50% off Rapid futures challengesEvaluation discount	Evaluation discount	Perk
37	FundedNext	Up to 41% off small Stellar challengesEvaluation discount	Evaluation discount	Perk
38	HFM	Up to 3% a yearInterest on balance	Interest on balance	Perk
39	RoboForex	Up to 10% a yearInterest on balance	Interest on balance	Perk
40	Take Profit Trader	40% off the TestEvaluation discount	Evaluation discount	Perk
41	Topstep	15% off the first Trading CombineEvaluation discount	Evaluation discount	Perk
42	Topstep	$10 to $30 off each month on the No Activation Fee CombineEvaluation discount	Evaluation discount	Perk

105 more offers we track are not available to residents here.

This page sets out who supervises trading in Spain, why most forex and CFD bonuses are not available to residents, and the kinds of promotions that can still legitimately reach you.

Which bonuses you can claim

The starting point is the EU product intervention regime from ESMA, which the CNMV applies in Spain. For retail contracts for difference, providers may not use bonuses or other incentives to attract or reward clients. Deposit matches, welcome credits and volume-based cash rewards on CFD or forex accounts are not permitted for Spanish retail traders.

The CNMV has layered extra restrictions on top. It limits aggressive marketing of CFDs, restricts sponsorship and brand advertising where the aim is to promote these products, and prohibits paying clients to bring in new clients. So even the marketing around CFDs is constrained in Spain, not just the bonuses themselves.

These rules target leveraged CFD products specifically. They do not reach every offer. A broker that gives you access to real shares may still run a free-share or commission-rebate promotion on a stock account, and crypto platforms operating under their own registration can still offer sign-up rewards. If an incentive is tied to CFDs or forex and aimed at Spanish residents, though, a compliant firm will not be paying it.

Who regulates trading in Spain

Comisión Nacional del Mercado de Valores (CNMV) cnmv.es ↗

Spain's securities markets regulator. It enforces the EU restrictions on retail CFDs and has added its own limits on bonuses, sponsorship and advertising for these products.

Trading in Spain

Local currency: EUR

Spain uses the euro, so balances, deposits and any qualifying promotions are in EUR. Spanish retail traders generally stick to brokers that show their CNMV registration or EU passport status, and many of those firms also offer ordinary securities accounts that fit local tax and reporting habits.

Treat EU-regulation claims with healthy scepticism when they appear next to a CFD bonus. If a firm were genuinely cleared to serve Spanish retail clients, it could not pay that bonus, and the CNMV's stricter advertising rules would not let it promote the product that way either. The CNMV keeps public warning lists of unauthorised entities, and a flashy CFD incentive aimed at Spanish users is a reason to slow down and check the register first.

Frequently asked questions

Are forex and CFD bonuses allowed in Spain?: No. The CNMV applies the EU ban on incentives for retail CFD and forex products, and adds its own restrictions on bonuses and aggressive marketing. A regulated broker will not offer them to Spanish residents.
How can I confirm a broker is authorised in Spain?: Check the firm against the CNMV's registers at cnmv.es, and look at the CNMV's published warnings about unauthorised entities (chiringuitos financieros).
Is there any offer a Spanish trader can still get?: Yes, but typically not on CFDs. Free-share or fee-rebate offers on real stock accounts, and crypto sign-up rewards, can still be available because they sit outside the CFD rules.
Why is Spain stricter than some other EU countries on this?: Beyond the shared EU ban, the CNMV has added national limits on CFD advertising, sponsorship and client referral payments, so the marketing of these products is more tightly controlled here.

Keep exploring

Sources

Researched by the BrokerBonuses editorial team. Last reviewed 2026-06-07. · How we research

CNMV: new restrictive measures on CFDs in Spain: cms.law ↗
ESMA: product intervention measures on CFDs and binary options: esma.europa.eu ↗
Comisión Nacional del Mercado de Valores: cnmv.es ↗