Independent reviews of UK brokers since 1996

IBEX 35 brokers provide access to the stock market index for the Bolsa De Madrid, Spain’s primary stock exchange. Like all key equity indices, the Iberian Index is comprised of the most liquid stocks in the country. Banco Santander, Respol and Arcelor are just some of the 35 companies on the list. These members, plus others, have a total market cap of around £400 billion, making the IBEX 35 a relatively small index in comparison to others, like the FTSE 100, which is valued at over £2 trillion. However, with the total value of IBEX 35 stocks growing almost 7% in the last year, it offers attractive trading opportunities.

In this guide, we explain how to compare IBEX 35 brokers, from commissions and fees to platforms, apps and UK regulatory oversight. Our traders also unpack the history of the index and share investing tips and beginner-friendly strategies.

Best IBEX 35 Brokers

Investing involves risk. Asset prices can move rapidly and you may lose some or all money invested. Never invest more than you can afford to lose.Advertising disclosure

Our picks at a glance

  1. 1 Pepperstone Top score: Platforms 4.8 Info Visit Pepperstone
  2. 2 XTB Top score: Trust 4.8 Info Visit XTB
  3. 3 Interactive Brokers Top score: Trust 4.6 Info Visit Interactive Brokers
  4. 4 IG Top score: Fees 4.5 Info Visit IG
  5. 5 Trade Nation Top score: Support 4.4 Info Visit Trade Nation
  6. 6 eToro Top score: Trust 4.0 Info Visit eToro
  7. 7 Vantage FX Top score: Trust 4.7 Info Visit Vantage FX
  1. Our top pick

    1 Pepperstone logo

    Pepperstone

    FCA regulatedSpread bettingGBP account
    4.8/5

    Founded in Australia in 2010, Pepperstone is a leading forex and CFD broker serving over 830,000 clients globally. It provides access to 1,400+ instruments through MT4, MT5, cTrader and TradingView, with low, transparent pricing. Regulated by the FCA, ASIC and CySEC, Pepperstone offers a secure trading environment for all experience levels.

    Instruments
    CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto CFDs (only Pro clients), Spread Betting
    Regulator
    FCA, ASIC, CySEC, BaFin, DFSA, SCA, SCB, CMA-Kenya
    Platforms
    Pepperstone Trading Platform, MT4, MT5, cTrader, TradingView
    Min. Deposit
    $0
    Min. Trade
    0.01 Lots
    Leverage
    1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya)
    Trust
    4.6
    Fees
    4.5
    Platforms
    4.8
    Support
    4.6
    Visit Pepperstone Read review

    CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. 73-89% of retail investor accounts lose money when trading CFDs.

  2. 2 XTB logo

    XTB

    FCA regulatedISAGBP account
    4.8/5

    Established in Poland in 2002, XTB caters to over a million clients worldwide. This forex and CFD broker offers a robust regulatory framework, a diverse range of assets, and prioritises trader satisfaction. It provides an intuitive proprietary platform equipped with excellent tools to support aspiring traders.

    Instruments
    CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs
    Regulator
    FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti
    Platforms
    xStation
    Min. Deposit
    $0
    Min. Trade
    0.01 Lots
    Leverage
    1:30
    Trust
    4.6
    Fees
    3.9
    Platforms
    4.0
    Support
    4.3
    Visit XTB Read review

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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

  3. 3 Interactive Brokers logo

    Interactive Brokers

    FCA regulatedISAGBP account
    4.6/5

    Interactive Brokers (IBKR) stands as a leading brokerage, offering access to 170+ markets in 40 nations alongside extensive investment services. With 40+ years in finance, this Nasdaq-listed entity complies with regulations from the SEC, FCA, CIRO, and SFC, ensuring global trustworthiness in trading.

    Instruments
    Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, Cryptocurrencies, CFDs
    Regulator
    SEC, FINRA, CFTC, NFA, CIRO, FCA, CBI, ASIC, SFC, SEBI, JFSA, MAS
    Platforms
    Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower
    Min. Deposit
    $0
    Min. Trade
    $1
    Leverage
    1:30
    Trust
    4.7
    Fees
    4.3
    Platforms
    3.9
    Support
    3.0
    Visit Interactive Brokers Read review
  4. 4 IG logo

    IG

    FCA regulatedISASpread betting
    4.5/5

    Established in 1974, IG is a unit of IG Group Holdings Plc, listed on the LSE as IGG. It provides access to over 17,000 markets through intuitive platforms and apps. For half a century, IG has remained an industry leader, excelling in all vital aspects for traders.

    Instruments
    CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only)
    Regulator
    CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB
    Platforms
    Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
    Min. Deposit
    $0
    Min. Trade
    0.01 Lots
    Leverage
    1:30 (Retail), 1:222 (Pro)
    Trust
    4.4
    Fees
    5.0
    Platforms
    4.8
    Support
    4.5
    Visit IG Read review

    Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

  5. 5 Trade Nation logo

    Trade Nation

    FCA regulatedSpread bettingGBP account
    4.4/5

    Trade Nation is a leading FX and CFD broker regulated in the UK and Australia, among other places. The company provides competitively priced fixed and variable spreads on over 1,000 assets. Traders benefit from advanced platforms and comprehensive training materials. Additionally, the Signal Centre offers valuable trade ideas.

    Instruments
    CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only)
    Regulator
    FCA, ASIC, CMVM , FSCA, SCB, FSA
    Platforms
    TN Trader, MT4, TradingView
    Min. Deposit
    $0
    Min. Trade
    0.1 Lots
    Leverage
    1:30
    Trust
    4.3
    Fees
    4.3
    Platforms
    3.9
    Support
    4.9
    Visit Trade Nation Read review

    67.3% of retail investor accounts lose money when trading CFDs with this provider.

  6. 6 eToro logo

    eToro

    FCA regulatedGBP accountFree demo
    4.0/5

    eToro is a leading multi-asset platform providing trading services across numerous CFDs, stocks, and cryptocurrencies. Since its 2007 inception, it has attracted millions of traders worldwide. It operates with authorisation from top regulators such as the FCA and CySEC. Its social trading feature is especially well-regarded. Crypto investments are high-risk and possibly unsuitable for retail investors. There's a potential to lose all invested capital. Familiarise yourself with the risks. 61% of retail CFD accounts incur losses.

    Instruments
    CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs
    Regulator
    FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC
    Platforms
    eToro Web, CopyTrader, TradingCentral
    Min. Deposit
    $50
    Min. Trade
    $10
    Leverage
    1:30
    Trust
    4.3
    Fees
    3.4
    Platforms
    2.8
    Support
    2.5
    Visit eToro Read review

    61% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

  7. 7 Vantage FX logo

    Vantage FX

    FCA regulatedSpread bettingGBP account
    4.7/5

    Founded in 2009, Vantage provides access to over 1,000 short-term CFD products for millions of clients. Trade Forex CFDs from 0.0 pips via RAW accounts on TradingView, MT4 or MT5. ASIC-regulated, Vantage segregates client funds and offers social trading tools for copy traders.

    Instruments
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Spread betting
    Regulator
    FCA, ASIC, FSCA, VFSC, CIMA
    Platforms
    ProTrader, MT4, MT5, TradingView, TradingCentral, DupliTrade
    Min. Deposit
    $50
    Min. Trade
    0.01 Lots
    Leverage
    1:30
    Trust
    4.6
    Fees
    4.4
    Platforms
    4.3
    Support
    4.4
    Visit Vantage FX Read review

Compare

Safety Comparison

Compare how safe the IBEX 35 are and what features they offer to protect traders.

Broker Trust Rating FCA Regulated Negative Balance Protection Guaranteed Stop Loss Segregated Accounts
4.6
4.6
4.7
4.4
4.3
4.3
4.6

Payments Comparison

Compare which popular payment methods the IBEX 35 support and whether they have trading accounts denominated in British Pounds (GBP).

Broker GBP Account Debit Card Credit Card Neteller Skrill Apple Pay

Mobile Trading Comparison

How good are the IBEX 35 at mobile trading using apps or other mobile interfaces.

Broker Mobile Apps iOS Rating Android Rating Smart Watch App
iOS & Android 4.4 4.1
iOS & Android 4.7 4.1
iOS & Android 4.3 4.5
iOS & Android 4.6 4.0
iOS & Android 4.5 4.5
iOS & Android 4.0 3.8
iOS & Android 3.6 3.9

Beginners Comparison

Are the IBEX 35 good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?

Broker Demo Account Minimum Deposit Minimum Trade Support Rating Education Rating
$0 0.01 Lots 4.6 4.0
$0 0.01 Lots 4.3 3.8
$0 $1 3.0 4.3
$0 0.01 Lots 4.5 4.8
$0 0.1 Lots 4.9 4.2
$50 $10 2.5 4.0
$50 0.01 Lots 4.4 4.0

Advanced Trading Comparison

Do the IBEX 35 offer features that allow for more advanced trading strategies?

Broker Automated Trading Pro Account Leverage VPS AI Low Latency Extended Hours
Expert Advisors (EAs) on MetaTrader, cBots on cTrader 1:30 (Retail - UK, EU, Australia), 1:500 (Pro), 1:200 (Offshore), 1:400 (Kenya)
- 1:30
TWS API 1:30
Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime 1:30 (Retail), 1:222 (Pro)
Expert Advisors (EAs) on MetaTrader 1:30
Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. 1:30
Myfxbook AutoTrade, Expert Advisors (EAs) on MetaTrader 1:30

Detailed Rating Comparison

Use this heatmap to compare our detailed ratings for all of the IBEX 35.

Broker Trust Platforms Mobile Assets Fees Accounts Support Research Education
4.6 4.8 4.3 4.6 4.5 4.0 4.6 4.3 4.0
4.6 4.0 4.4 4.6 3.9 4.0 4.3 4.1 3.8
4.7 3.9 4.4 4.7 4.3 3.9 3.0 4.7 4.3
4.4 4.8 4.3 4.5 5.0 4.0 4.5 4.9 4.8
4.3 3.9 4.5 3.7 4.3 4.2 4.9 3.9 4.2
4.3 2.8 3.9 3.8 3.4 4.1 2.5 4.3 4.0
4.6 4.3 3.8 4.5 4.4 4.5 4.4 4.0 4.0

Our Take On Pepperstone

Pepperstone excels in trading with tight spreads, swift execution, and advanced charting for seasoned traders. Beginners enjoy zero minimum deposit, comprehensive educational materials, and outstanding 24/5 support, including 18-hour weekend assistance.

Tobias Robinson Reviewer

Pros

  • Support for top-tier charting platforms such as MT4, MT5, TradingView, and cTrader. These tools accommodate different short-term trading methods, including algorithmic trading.
  • Pepperstone offers pre-IPO perpetual futures, adding Anthropic in October 2026, enabling 24/7 speculation on expected share prices through cash-settled CFDs.
  • In recent years, Pepperstone has significantly enhanced the deposit and withdrawal process. By 2025, clients can use Apple Pay and Google Pay, while 2024 saw the introduction of PIX and SPEI for customers in Brazil and Mexico.

Cons

  • Overnight holding fees exceed those of some Market Maker brokers (typically Benchmark + 2.5%). Pepperstone suits traders and forex scalpers well but is less ideal for swing traders who keep positions open overnight.
  • Execution might not appear as dependable in rapid markets as headline speeds imply. Our tests showed swift execution at targeted prices. However, community feedback highlights concerns over slippage, stop-loss fills, and order triggers sensitive to spreads amid volatility.
  • Although the market range has expanded, crypto CFD options remain somewhat restricted, especially when compared to specialised brokers like Eightcap. Additionally, there is no facility to invest in actual cryptocurrencies.

73-89% of retail investor accounts lose money when trading CFDs

Our Take On XTB

XTB excels for novice traders with its superb xStation platform, minimal trading costs, no required deposit, and outstanding educational resources, many of which are fully integrated into the platform.

William Berg Reviewer

Pros

  • In 2026, XTB expanded its asset offerings and markets. It introduced options trading in Spain and Germany, launched spot cryptocurrencies in select regions, and unveiled Investment Plans 2.0. These enhanced plans now feature more pre-built options, including sectors like Defence, a user-friendly interface, and increased flexibility to mix stocks and ETFs within individual plans.
  • The xStation platform stands out with its user-friendly design and intuitive tools, such as adaptable news feeds, sentiment heatmaps, and a trader calculator. These features streamline the learning process for new traders.
  • XTB offers a superb array of educational resources, such as training videos and articles, embedded within the platform to assist traders of all experience levels.

Cons

  • XTB lacks a raw spread account, a feature increasingly offered by competitors such as Pepperstone. This omission might not satisfy traders seeking the most competitive spreads.
  • The demo account lasts only four weeks, posing a challenge for traders wanting to fully explore the xStation platform and refine short-term strategies before investing actual money.
  • XTB has stopped supporting MT4, restricting traders to its own platform, xStation. This decision may discourage experienced traders accustomed to using the MetaTrader suite.

74% of accounts lose money when trading CFDs with this provider.

Our Take On Interactive Brokers

Interactive Brokers ranks highly for seasoned traders due to its robust charting platforms, live data, and bespoke layouts via the new IBKR Desktop app. Its competitive pricing and sophisticated order choices appeal to traders, and its wide equity options are industry-leading.

Tobias Robinson Reviewer

Pros

  • IBKR is a highly respected brokerage, regulated by top-tier authorities, ensuring the integrity and security of your trading account.
  • Interactive Brokers has introduced a single platform linking prediction markets on Kalshi, CME Group, and ForecastEx. Users can trade yes/no contracts on political, economic, and climate events, with fixed $1 payouts. Enjoy 24/6 market access and earn interest on eligible positions.
  • The TWS platform is tailored for intermediate and advanced traders, featuring over 100 order types and a dependable real-time market data feed with exceptional uptime.

Cons

  • TWS has a steep learning curve, making it difficult for newcomers to navigate and grasp its features.
  • IBKR offers a variety of research tools, but their inconsistent placement across trading platforms and the 'Account Management' webpage creates a confusing experience for users.
  • Support can be sluggish and frustrating. Tests reveal that you may face challenges reaching customer service quickly, which could result in delays in issue resolution.

Our Take On IG

IG offers a complete package: an easy-to-use web platform, top-tier beginner education, enhanced charting via TradingView, up-to-date data, and strong trade execution for seasoned traders.

Tobias Robinson Reviewer

Pros

  • IG excels with its diverse instruments, offering stocks, forex, indices, commodities, and cryptocurrencies. Additionally, it provides US-listed futures, options, and an AI Index, ensuring varied diversification opportunities.
  • IG is aiming to expand its market roster with prediction markets covering politics, sports and entertainment in the UK (subject to it being granted a UK gambling license), with other regions potentially to follow.
  • IG secured a crypto asset license from the FCA, enabling its return to the UK market. It now offers buying, selling, and storage services for over 55 digital tokens with fees starting at 1.49%, all under FCA regulation.

Cons

  • Beginners may find IG's fees complicated, as they vary depending on the trades or services. This could cause confusion and unexpected costs.
  • IG has ended its swap-free account, diminishing its attractiveness to Islamic traders.
  • IG imposes a monthly inactivity fee of $12 to $18 after two years, discouraging occasional investors.

70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Our Take On Trade Nation

Trade Nation caters to discretionary traders aiming to speculate on major indices like the US 500 or liquid FX pairs, with the certainty of fixed spreads. Our tests revealed the TN Trader's fixed spreads to be advantageous, especially during economic announcements, thanks to its dependable charting and capped spreads.

Tobias Robinson Reviewer

Pros

  • Trade Nation's 2026 alliance with Volt has streamlined payments for Australian traders, enabling instant deposits and withdrawals via PayID. Faster payout features are also anticipated for UK and EU clients.
  • The broker expanded into Europe with regulated online trading services after securing authorization from Portugal's CMVM boosting its safety protections for European residents.
  • During tests of the TN Trader account in standard market conditions, fixed spreads remained stable. Major forex pairs experienced prompt order fills, albeit with slight entry level drift as prices fluctuated between click and execution.

Cons

  • Offshore SCB and FSA firms offer retail investors leverage up to 1:200 and 1:500. In contrast, regions like the UK, Europe, and Australia cap leverage at 1:30. Thus, an FSA client can access 16 times more exposure than a UK retail client on identical trades. However, this comes with reduced oversight and no compensation schemes.
  • The FCA, CMVM, and ASIC clients are ineligible for the 2–20% rebate scheme. Consequently, active traders in these areas cannot receive transaction rebates.
  • There is no raw or ECN pricing tier, often favoured by traders. Regardless of your deposit or trading volume, you receive the same fixed (or variable on MT4) pricing as novices, rendering it particularly unsuitable for scalpers.

67.3% of retail investor accounts lose money when trading CFDs with this provider.

Our Take On eToro

eToro's social trading platform excels with its outstanding user experience and lively community chat, aiding beginners in spotting opportunities. It offers competitive fees on numerous CFDs and real stocks, alongside exceptional rewards for seasoned strategists.

Tobias Robinson Reviewer

Pros

  • In July 2026, eToro Edge introduced significant enhancements, including a charting package tailored for active traders and AI trading via Tori.
  • The trading app provides a top-tier social environment featuring an engaging feed and community chat, which we enjoy using.
  • The entry requirements for eToro Club have been reduced. For $4.99 monthly, members enjoy 18 benefits, including a debit card that converts purchases into stocks with a 4% share return.

Cons

  • The absence of extra charting platforms such as MT4 may deter experienced traders who rely on external software.
  • There are no assured stop-loss orders, which could be a valuable risk management tool for novice traders.
  • The minimum withdrawal is set at $30, accompanied by a $5 fee. This may impact traders with limited funds, particularly those just starting out.

61% of retail CFD accounts lose money. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Our Take On Vantage FX

Vantage is an ideal choice for CFD traders looking for a well-regulated broker with access to the dependable MetaTrader platforms. With a swift sign-up process and a minimum deposit of $50, starting trading is simple and fast.

Tobias Robinson Reviewer

Pros

  • Vantage upholds a high trust score through its solid reputation, backed by premier regulation from the FCA and ASIC.
  • In 2026, the app was enhanced to provide comprehensive asset visibility, consolidating balances from Contract, Copy, and Funding accounts onto a single screen.
  • Vantage has enhanced its trading tools for experienced traders, introducing AutoFibo EA to pinpoint potential market reversals.

Cons

  • It's unfortunate that some clients must register with the offshore firm, which provides reduced regulatory safeguards.
  • To access optimal trading conditions, a substantial deposit of $10,000 is required. This includes a commission of $1.50 per transaction per side.
  • Based on tests, average execution speeds of 100ms to 250ms are slower compared to other options.

Choosing IBEX 35 Brokers

  • Products – The best brokers with access to IBEX 35 offer derivatives like CFDs. These allow traders to magnify their purchasing power and returns using leverage.
  • Platforms – IBEX 35 brokers offer different platforms and apps. One of the most popular is MetaTrader 4 (MT4), however, increasingly brokerages are offering their own proprietary platforms. CMC markets is a good example, providing the highly regarded MT4 & MT5, but also their own web platform.
  • Fees & Commission – The best IBEX 35 brokerages offer tight spreads with low or zero commissions. Pepperstone, for instance, offers a 5-point average spread on the IBEX. Also look out for deposit and withdrawal charges, overnight holding fees, and inactivity penalties. These costs can all cut into your profits.
  • Regulation – In the UK, the top IBEX 35 brokers are regulated by the Financial Conduct Authority. The FCA is the body responsible for overseeing firms that offer trading products to retail clients. Importantly, they also ensure online brokers comply with rules designed to protect retail investors, including limiting leverage, restricting the use of misleading bonuses and advertisements, and providing negative balance protection.
  • Payments – Leading brokers with access to the IBEX 35 offer cheap deposit options and immediate transfers. Popular payment methods among UK traders include debit card, PayPal, Skrill and wire transfer.

How To Start Trading IBEX 35

Pick Your Strategy

Firstly, understand your motivation for trading the IBEX 35. Are you looking to build steady, low-risk gains, or are you looking to trade short-term in the pursuit of high-risk, high-rewards?

Warren Buffet famously said that ‘risk comes from not knowing what you are doing’. Once you understand this, you can choose a suitable investing vehicle and develop an approach.

Choose A Product

One of the most popular products among day traders is the CFD, or Contract for Difference. CFDs are exactly as described, rather than purchasing the underlying asset, you are entering into a contract for the difference in settlement price between the opening and closing position.

IBEX 35 brokers offering CFDs tend to have lower fees and are quick to process, making them suitable for short-term trading. With that said, they are less suitable for holding overnight positions due to the charges imposed.

ETFs, or exchange-traded funds are another option. They can be bought and sold on a stock exchange or broker, just like the shares that the IBEX 35 is comprised of. ETFs are touted as a safer way to trade than picking individual stocks as they are diversified across multiple sectors.

Strategy Tips

The IBEX 35 is a relatively volatile index, meaning there is potential for profit with short-term strategies. However, analysing the historical prices of the IBEX 35 shows that the index has not outperformed its rivals in recent years, partially due to its exposure to the tourism industry during the pandemic. This has not been great for long-term positions opened pre-2020.

With that said, analysis shows that Spain’s economy is shifting, with a heavier focus on technology, making the European nation more resilient to this type of challenge in the future.

Make A Trade

Once you have registered with one of the best IBEX 35 brokers and opened a live account, make a starting deposit. You can then download the broker’s platform and search for the instrument.

Next, open an order. You will likely need to choose between an instant or pending order, enter the position size, plus any stop loss and take profit levels.

Once opened, monitor your position and exit in line with your IBEX 35 trading strategy.

Live Price Chart

How The IBEX 35 Works

The IBEX is formed of the 35 most liquid stocks traded on the Bolsa De Madrid. It is the chief stock market index in the country and is home to big names, including Telefónica (TEF), Banco Santander (SAN), and Siemens Gamesa (REE).

The IBEX 35 is a market capitalisation-weighted index (the number of shares x price per share). This means not all the stocks listed carry the same weight. For example, large-cap firms have a higher weighting, thus their rises and falls have a bigger impact on the value of the index as a whole. Iberdrola and Santander have the largest weighting (10%>).

Importantly, the IBEX 35 is often used as a benchmark for the Spanish economy, attracting traders looking to speculate on the country’s short-term, medium-term, and long-term prospects.

History

Having turned just 30 years old in 2022, the IBEX 35 has a relatively short trading history. It was founded in 1992, just before the infamous dot com boom.

It has performed strongly over the years, particularly between 2000 and 2007 when strengthening Spanish economics saw stock prices rise well in comparison to competing European indices. In particular, when Spain joined the Euro in 2002, IBEX 35 companies experienced a boost, which in turn, led to growth in the products offered, including ETFs, futures, options and other financial derivatives.

However, Spain’s economy struggled hugely during the pandemic because of its reliance on tourism, so trading IBEX 35 was tough for those holding long positions. On the infamous ‘Black Monday’, global markets dived and the IBEX 35 fell 8.1%, one of the largest in history.

More recently, the IBEX 35 has become diversified, with increasing representation from technology and renewable energy companies. This makes it an attractive investment opportunity for long-term traders.

Opening Hours

Most IBEX 35 index brokers offer trading hours in line with the underlying exchange. This means online investing is typically available between 07:00 and 19:00 GMT with no break.

Bottom Line On IBEX 35 Brokers

IBEX 35 brokers offer access to the principle stock market index in Spain. Retail investors can go long or short on the Spanish economy using a variety of investing products, including leveraged CFDs.

Several leading UK platforms offer the IBEX 35. Use our ranking of the best IBEX 35 brokers to get started.

FAQ

What Is The IBEX 35?

The IBEX 35 is an index from Bolsa De Madrid which is home to the largest and most liquid stocks in Spain. The index is primarily composed of publicly-traded companies operating in financial services, utilities and communications sectors.

Importantly, it is used to gauge the overall health of the country and the Spanish economy. The IBEX 35 is also known as the Spain 35 index.

Which Companies Are In The IBEX 35?

While the list has changed over the years (more than 100 have made the ranks), some of the big players, such as BBVA (financial services), Acerinox (steel), and Telefonica (telecommunications), remain static. Others have sadly ceased trading, like Reyal Urbis (construction), which went bust in 2018. Other popular stocks include Ferrovial (transport), Naturgy (energy), and IAG (airlines).

Which Brokers Offer Access To The IBEX 35?

Among the best UK brokers with access to the Spain 35 index are Pepperstone and IG. Both firms are regulated by the FCA and offer retail-friendly derivatives, plus market-leading platforms, apps and tools.

Alternatively, see our full list of IBEX 35 brokers.

How Can I Trade The IBEX 35?

To start investing in the IBEX 35, you first need to choose an online brokerage. You can then pick a trading vehicle, such as CFDs or ETFs, depending on whether you are seeking short-term profits or long-term gains. Finally, register for a investing account and open a position in line with your chosen strategy.

Are There UK-Regulated Brokers With IBEX 35?

Yes – Pepperstone and IG hold licenses with the UK Financial Conduct Authority. Both firms offer negative balance protection, use segregated accounts, and are routinely audited by third parties, providing an added layer of trust and credibility.