We found 11 online brokers that are appropriate for Trading Spanish Investment Platforms.
Spain's economy was recovering at a balanced rate for the last few years. However, a recent crisis led by COVID-19 pushed the country into restricted economic activity & possible recession. In just 1 year (2020), Spain's GDP (gross domestic product) declined by 11%, according to International Monetary Fund (IMF).
Such a massive drop (11%) in GDP makes it one of the worst contractions among European countries. In 2020, two sectors contributed the most towards negative growth in GDP: Tourism and Services.
COVID-19 led to travel restrictions all over the world. With no tourists coming from foreign countries, the tourism sector took a severe hit. Since the tourism sector makes up 12% of Spain's economy, negative growth in this sector translated directly into the economy.
The employment sector also took a severe hit due to the rising debt of small & medium enterprises (SMEs). According to IMF, the debt of SMEs may rise to around 37%.
The year 2021 is going to be the year of recovery for Spain. The latest forecast from IMF shows Spain's economy to grow by 6.4%.
For 2024, IMF has set the GDP growth forecast to around 4.7%. However, economic output is still expected to stay below the pre-pandemic levels. IMF believes output will stay around 3% during 2024.
The budget of Spain shows a grim picture of what's ahead for the country. By default, the budget is positive if we exclude the interest payments. However, when the debt payments are added, we get an alarming budget deficit.
Spain was already struggling with a budget deficit before the COVID-19 pandemic. After the pandemic, a decrease in government revenues was seen mainly due to reduced tax collection. As a result, Spain's budget deficit reached 5.8% of GDP in 2020 (IMF). European Commission shows a more alarming situation: A budget deficit of 12% in 2020.
If we combine budget deficit numbers from IMF and EC, we get an average budget deficit of 8.9%.
Experts believe the damage from the COVID-19 pandemic is still not done. An increase in government fiscal stimulus and increased economic activities during 2024 and 2025 will widen the budget deficit to around 6% of the GDP.
The Debt-to-GDP ratio which stands at 117% in 2020, is also expected to remain stable. 2024 and 2025 forecast for the debt-to-GDP ratio is expected to stay the same as seen in 2020.
Falling demand from the domestic market and no increase in private consumption resulted in a minor decrease in inflation (around -0.3% in 2020).
2024 inflation forecast is 1.3% (according to IMF).
Let's take a look at some important economic indicators and their forecasts for the next 2 years (2024 and 2025).
GDP: Gross domestic product saw a decline during the year 2020. The economy contracted by -11% during 2020. GDP growth forecast for 2024 and 2025 is 6.4% and 4.7%.
Inflation Rate: As mentioned above, we may a little rise in inflation from 2020 low value of -0.3%. Inflation is seen at 1% in 2021 and 1.3% in 2024.
Unemployment Rate: Despite positive growth in Spain's GDP, the unemployment rate is expected to rise. Unemployment may reach 16.8% in 2021 and 15.8% in 2024. This will ultimately translate to lower tax collection during 2024 and 2025.
(The above numbers are estimated forecasts for 2024 and 2025)
Let's take a look at important sectors of the Spanish economy and how they contribute to the growth in gross domestic product.
This sector provides direct employment to 4% of the population. Its contribution to Spanish GDP is around 2.7%.
Agriculture land is spread on 30 million hectares. Some of the top produces of the country are Olive oil, oranges, and strawberries. Main crops which are compatible with the country's weather are Wheat, tomatoes, grapes, sugar beet, and citrus fruits.
Unlike the rest of the Spanish economy, the agriculture sector actually saw a growth of 3.6 in Q2 2020.
Unlike agriculture which only accounts for 2.7% of GDP, the industrial sector accounts for 20% of the country's GDP.
Some of the famous industries of the country are iron & steel, textiles, engineering and food processing.
Some new sectors also emerging & giving a tough time to more traditional sectors, mentioned above. New sectors such as IT (information technology), electric components, and telecommunications have the potential for great growth in this new age of technology.
The tourism sector not only provides jobs but is also a major source of income for the country. According to 2019 statistics, the tourism sector accounted for 12.4% of the GDP. Spain is regarded as the 2nd most popular and visited country by tourists.
A total of 12 banking groups operating in Spain. Under these banking groups, around 52 private and 61 cooperative banks are present in the country. Around 2 saving banks are also providing services to the Spanish population.
GDP related to the banking sector also saw a decline due to the COVI-19 pandemic. According to data, this sector saw negative growth of 21.3% in Q2 2020.
Despite the challenges such as little to no tourism, increased unemployment, and rising budget deficit, Spain's economy is expected to grow during 2024 and 2025.
We have conducted extensive research and analysis on over multiple data points on Spain Economic Forecast to present you with a comprehensive guide that can help you find the most suitable Spain Economic Forecast. Below we shortlist what we think are the best Spanish Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Spain Economic Forecast.
Selecting a reliable and reputable online Spanish Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Spanish Investment Platforms more confidently.
Selecting the right online Spanish Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Spanish Investment Platforms trading, it's essential to compare the different options available to you. Our Spanish Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Spanish Investment Platforms broker that best suits your needs and preferences for Spanish Investment Platforms. Our Spanish Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Spanish Investment Platforms.
Compare Spanish Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Spanish Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Spanish Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Spanish Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Spanish Investment Platforms that accept Spanish Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Learn More |
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Up with fpmarkets |
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Up with spreadex |
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Up with fxpro |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Spanish Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Spanish Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Spanish Investment Platforms below.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.