While Spain may not be the most popular destination for founders to set up prop trading firms, traders based in the country have access to a stable economy, a robust financial system and numerous highly rated proprietary trading firms that are based all over the world.
Forex and indices are particularly popular among the local trading communities, as well as equities and commodities from the global markets.
Due to a favorable regulatory environment, traders based in Spain have access to plenty of options when it comes to the prop trading firms they can partner with.
? Top Prop Firms in Spain Offering Funded Accounts ?
Upon careful consideration of the numerous proprietary trading firms available in Spain, we have narrowed down your search for the best prop trading companies in the country.
Below we can look at a list of some of the top-rated companies that offer funded trading accounts in Spain.
Blue Guardian
Blue Guardian is one of the best-rated prop trading firms based in the United Kingdom and offering its services to Spain and numerous other countries.
The firm offers a wide range of instruments, solid trading platforms, and a host of favorable features.
?Sign Up for the Blue Guardian Challenge Here!!!?
?Blue Guardian Main Features?
- Spanish and EU indices available
- Year founded – 2019
- Based in – Solihull, West Midlands, England
- Minimum audition fee – 87 USD
- Minimum funded amount – 10,000 USD
- Maximum funded amount – 200,000 USD
- Allowed daily loss – 4%
- Profit target – 8%
- Maximum drawdown – 8%
- Profit sharing (Payouts) – 85%
?Sign Up for the Blue Guardian Challenge Here!!!?
Blue Guardian was officially launched in 2019 in the United Kingdom and has since become one of the most popular prop trading firms in Europe.
The firm offers MetaTrader 4 as its primary trading platform and favorable leverage for the following asset classes:
- 1:100 for currency pairs
- 1:20 for commodities
- 1:2 for cryptocurrencies
FTUK
FTUK is a prominent player on the global prop trading market and is based in the United Arab Emirates – offering its funded accounts to hundreds of thousands of clients worldwide.
For traders based in Spain, the firm offers some of the best possible trading terms, as well as no daily loss limits, which gives traders more freedom with their trading strategies.
?Sign Up for the FTUK Challenge Here!!!?
?FTUK Main Features?
- Spanish and EU indices available
- Year founded – 2021
- Based in – Dubai, United Arab Emirates
- Minimum audition fee – 149 USD
- Minimum funded amount – 10,000 USD
- Maximum funded amount – 100,000 USD
- Allowed daily loss – None
- Profit target – 10%
- Maximum drawdown – 8%
- Profit sharing (Payouts) – 80%
?Sign Up for the FTUK Challenge Here!!!?
FTUK was launched in 2021 and is one of the most popular choices for prop traders on the market today. Clients who sign up at the firm have access to MetaTrader 4 and 5 – two of the most popular FX trading platforms in the world.
The absence of a daily loss limit also means that traders have much more control over their trading strategies and do not need to stress about each trading day when using FTUK.
Ment Funding
Ment Funding is another solid option for Spanish traders. The firm is based in the United States and offers some of the highest profit shares among firms that accept traders from Spain and other EU countries.
?Sign Up for the Ment Funding Challenge Here!!!?
?Ment Funding Main Features?
- Spanish and EU indices available
- Year founded – 2021
- Based in – the United States
- Minimum audition fee – 250 USD
- Minimum funded amount – 25,000 USD
- Maximum funded amount – 2,000,000 USD
- Allowed daily loss – 5%
- Profit target – 10%
- Maximum drawdown – 6%
- Profit sharing (Payouts) – 75% (90% paid upgrade)
?Sign Up for the Ment Funding Challenge Here!!!?
Ment Funding is a prop trading firm that partners with Eightcap, which is a regulated forex brokerage firm. The spreads offered by Ment Funding are some of the lowest on the market and start at 0 on the EUR/USD pair.
While the profit sharing on standard accounts is 75%, clients have the option for a paid upgrade to a 90% split, which is one of the highest profit shares among prop trading firms available in Spain.
Forex Prop Firm
Forex Prop Firm is an experienced prop trading firm that has been active on the global prop trading market since 2015, offering its services to clients in Spain and numerous other jurisdictions.
The firm is known for its lucrative scaling plan, which can reach as much as $10 million in gross funding.
?Sign Up for the Forex Prop Firm Challenge Here!!!?
?Forex Prop Firm Main Features?
- Year founded – 2015
- Based in – Quebec, Canada
- Minimum audition fee – 189 USD
- Minimum funded amount – 10,000 USD
- Maximum funded amount – 400,000 USD (10,000,000 USD with scaling plan)
- Allowed daily loss – 5%
- Profit target – 10%
- Maximum drawdown – 10%
- Profit sharing (Payouts) – Up to 90% (10% during the evaluation phase)
?Sign Up for the Forex Prop Firm Challenge Here!!!?
Forex Prop Firm is based in Canada and offers funded accounts where traders can access a wide range of instruments – forex, commodities, indices, equities, crypto, etc.
The firm offers MT4 through the Eightcap brokerage and spreads on major currency pairs start from as low as 0 pips.
However, it is also worth noting that the firm does not offer much in the way of education resources for beginner traders, which may be inconvenient.
Fidelcrest
Fidelcrest is one of the most recognizable names on the forex prop trading market. The firm offers its services to clients based in Spain and dozens of other jurisdictions globally.
Founded in 2018 and based in Cyprus, Fidelcrest is known for its affordable fees and sophisticated trading platforms, which includes MT4 as well.
?Sign Up for the Fidelcrest Challenge Here!!!?
?Fidelcrest Main Features?
- Year founded – 2018
- Based in – Nicosia, Cyprus
- Minimum audition fee – EUR 99 ($15,000 Micro Trader Normal)
- Minimum funded amount – $15,000
- Maximum funded amount – $1 million (scaling to $2 million)
- Allowed daily loss – 5% (Normal) 10% (Aggressive)
- Profit target – 5-20% (Pro, Micro, Normal/Aggressive)
- Maximum drawdown – 10-20%
- Profit sharing (Payouts) – 80-90%
?Sign Up for the Fidelcrest Challenge Here!!!?
Fidelcrest is one of the most experienced and well-regarded prop trading firms offering their services to traders based in Spain.
The firm provides clients with multiple trading platform options – MT4, MT5, and cTrader.
Fidelcrest’s accounts are also quite cost-effective, with the $15,000 Micro Trader account costing EUR 99.
Instant Funding
Instant Funding is a forex prop trading firm based in the United Kingdom and offers one of the smallest funded accounts on the market – with the lowest tier starting at $1,250, making the firm easy to access for inexperienced traders as well.
The firm is also known for its diverse funding options and scaling plan, which allows traders to access over $1 million in gross funding.
? Instant Funding Main Features ?:
- Year founded – 2023
- Based in – London, United Kingdom
- Minimum audition fee – 79 USD
- Minimum funded amount – 1,250
- Maximum funded amount – 100,000 (Up to 1.25 million USD with scaling plan)
- Allowed daily loss – None
- Profit target – 0-3-5%
- Maximum drawdown – 10%
- Profit sharing (Payouts) – 70-80% (up to 90% with scaling)
?Sign Up for the Instant Funding Challenge Here!!!?
Instant Funding is a prop trading firm that offers different asset classes to its clients based in Spain and globally – currency pairs, commodities, indices and cryptocurrencies.
The firm has access to both MetaTrader 4 and MetaTrader 5, both as desktop and mobile apps.
ThinkMarkets is the primary partner broker of Instant Funding and clients can choose between an instant funding challenge, as well as one and two-phase funding challenges on the platform.
FundYourFX
FundYourFX is a forex prop trading firm that offers 7 different funding challenges of two types – Origin Funded and Evolution Funded.
It is worth noting that the account fees for both types of challenges are identical – with the Origin Starter and Evolution Starter accounts both starting at $175.
?Sign Up for the FundYourFX Challenge Here!!!?
? FundYourFX Main Features ?:
- Year founded – 2021
- Based in – London, England, the United Kingdom
- Minimum audition fee – 250 USD
- Minimum funded amount – 7,000 USD
- Maximum funded amount – 2,000,000 USD
- Allowed daily loss – None
- Profit target – 10%
- Maximum drawdown – 5%
- Profit sharing (Payouts) – 50% (up to 90%)
?Sign Up for the FundYourFX Challenge Here!!!?
FundYourFX is a UK-based forex prop trading firm with a wide range of funding options available to traders – from $7,000 to as much as $2 million via the scaling plan provided by the firm.
MetaTrader 4 and 5 are both readily available for traders to take advantage of via the Eightcap brokerage, which is licensed and regulated.
While educational content may be lacking, FundYourFX makes up for this by scrapping the daily loss limit and offering recurring discounts on all of its funding challenges.
The customer support suite available at FundYourFX consists of a live chat and email support, while a hotline is not available.
? Pro tips on how to pass a prop trading evaluation challenge in Spain ?
If you have made your mind up and would like to try your hand at a funding challenge provided by one of the prop trading firms on our list, you may be wondering if there are any tricks or tips you need to know about to increase your chances of passing a challenge.
Luckily, there are a few core principles that you can follow that will increase your chances of success.
In order to make funding challenges easier for you, here are some tips you can follow:
? Understand the Rules – Make sure to pay close attention to the rules and restrictions enforced by the prop firm on a particular challenge in order to avoid accidentally violating them and failing the challenge
? Risk Management – Risk management is essential for your success and it is advisable to use stop loss and take profit orders on most of your trades to avoid drawdown violations and to lock in profits wherever possible
? Trade Consistently – Remain consistent with your trading and make sure to practice on a regular basis. Some prop trading firms also have consistency rules in place in order to force you to execute regular trades in order to pass the funding challenge
? Specialize in Your Strategy – Try to develop a trading style that you will follow consistently. This can help you set up a routine and remain calm during trading. Choosing which instruments you are most comfortable trading can be a big step in the right direction
? Take Your Time – Rushing your trades is unlikely to get you the desired results. Therefore, be mindful of the time and make sure to not rush or skip the required amount of research to avoid uninformed trades
? Emotional Discipline – It is crucial to remain calm and collected when it comes to trading any instrument, as the markets can be full of surprises. Remaining emotionally balanced will help you avoid over extensions that can prove costly for your trading objectives.
? Educate Yourself – Keep up with market trends and educational resources to enhance your trading knowledge and adapt to market changes quickly. Trading is a constant learning process and you should allocate your time to furthering your knowledge of the markets
? Review and Adjust – review your performance and trading strategies regularly to identify potential blindspots and pitfalls, which will help you improve your approach to trading and increase your chances of success
? Network with Other Traders – Join trading communities to share your experiences and knowledge and get useful information from other traders. Learning from peers can provide new insights and motivation for financial trading
? How to choose the most suitable prop firm for your trading strategy ?
When choosing which prop trading firm to partner with for the long term, you may be wondering whether your trading strategy will be appropriate for a particular prop firm.
For example, if you are used to only trading equities, a forex prop trading challenge may prove to be a bit more challenging.
Therefore, it is essential to find the appropriate fit between your trading knowledge and strategy, and the prop trading firm you will be trading with.
Here are some tips that could help you choose the right prop trading firm for your goals and trading style:
? Trial Periods or Demo Accounts – When you are in doubt regarding a particular prop trading firm, make sure to take advantage of their demo trading account – if they offer one. These accounts can give you all the information and baseline experience you need to choose if the firm is right for you and if paying for a funding challenge is worth it.
? Safety and Reputation – Prop trading firms are subject to very little regulation, therefore, assessing their safety features can be a bit more challenging. Look for reviews and ratings, as well as partnerships with regulated brokerage firms to make sure that you are dealing with a legitimate prop trading firm.
? Market Access – Check which instruments a particular prop trading firm has access to. While most firms are focused on forex and CFD-s trading, many also offer commodities, crypto and in some cases, stocks. Choose the prop firm that gives you access to the financial instruments you are familiar with.
?️ Tools and Resources – The features and tools offered by prop trading firms can make or break the trading experience for you and other market participants. Economic calendars and technical indicators are only a handful of tools that can be found on the trading platforms offered by prop firms.
?️ Evaluation Process – Make sure to familiarize yourself with the evaluation process and steps offered by the prop firm. Some prop firms have instant funding accounts, while others offer 2 and 3-step challenges. Choose the one that is compatible with your desired time frame.
? Support and Communication – Customer support is a crucial part of the prop trading process. Make sure that your prop firm offers multiple customer support channels, such as a hotline, live chat, and email support, so you can easily reach them and receive a response as soon as possible.
