Spain is an EU country, and forex brokers in Spain may therefore be regulated either there or in any of the other EU member states. Forex brokers that are regulated locally in Spain, however, are overseen by the Comision Nacional del Mercado de Valores (CNMV), in English known as the National Securities Market Commission of Spain.
In addition to serving forex traders in other European countries, forex brokers in Spain serve a sizeable local population of forex traders. However, European traders looking for a broker should be aware that forex brokers in Spain are subject to the same strict leverage regulations from the European Securities and Markets Authority (ESMA) as brokers in other EU countries.