Many traders in Spain use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Paper Trading App in Spain for 2025, based on our assessments.
eToro is an international broker for trading and investing in assets, copying trades of experienced market players and earning income on offering your own successful strategy. The activities of eToro are controlled by European financial regulators: CySEC and FCA. The broker offers its clients the opportunity to trade indices with a maximum leverage of 1:20 and ETF instruments with a leverage of 1:5. Size of leverage in eToro can also vary depending on the regulation of the division of the broker you work with.
eOption is regulated by the following financial institutions: FINRA and SIPC. The next trading instruments are available to the clients of the company: stocks, options, ETFs, bonds, as well as fixed-income instruments. eOption fees are lower than those of competitors. In addition, a section with professional analytics is available on the official website of the broker. The eOption broker is a regulated broker focused on active US traders who prefer to trade options.
Fidelity is regulated by the US Securities Commission (SEC). The minimum amount to start working with a broker is $1. Fidelity does not provide leverage, so the company's client must trade exclusively with deposited funds. The company's trading fees are low, and there is no withdrawal fee. The trading platform for transactions - Active Trader Pro, has a straightforward and convenient interface, works stably, and allows you to create up to 50 trade orders simultaneously. Fidelity Investments offers favorable conditions for investors and traders of all skill levels but is more focused on large investors.
The SogoTrade broker aims to cooperate with experienced traders and investors who are willing to pay higher trading commissions than competitors.
Lightspeed is a broker aimed at American investors who already have considerable experience in trading in the stock market.
1
Best Paper Apps in Spain - eToro
The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA.
👍 Advantages of trading with eToro for traders in Spain:
•High level of reliability ensured by the licenses of respected regulatory authorities and participation in the compensation funds.
•Wide selection of assets quoted at stock exchanges in the UK, U.S., Australia and Asia.
•An opportunity to combine active trading with social trading and passive investing.
•Zero-fee trading of a number of stocks.
•Access to ready-made diversified asset portfolios with various risk levels.
•Provision of leverage, educational materials on various markets and user-friendly trading platforms that can run on any device.
•Zero fees for portfolio management, depositing funds and account maintenance.
👎 Disadvantages of eToro for traders in Spain:
•High minimum deposit for users of a number of countries.
•No live chat on the website for quick connection to customer support.
2
Best Paper Apps in Spain - eOption
The eOption broker (eoption.com) is an American stockbroker headquartered in Glenview, Illinois. It has been operating since 2007 and is a member of FINRA (CRD#: 7297/SEC#: 8-21765) and SIPC. It specializes in options trading and also acts as an intermediary in trades involving the popular securities classes. The company offers low trading commissions, super-fast execution of orders, and modern platforms with an advanced set of analytical tools. In 2020-2021, eOption was recognized as the best options broker by several resources such as Investopedia, The Tokenist, Benzinga, Investormint, and NerdWallet.
👍 Advantages of trading with eOption for traders in Spain:
•Low commissions for options trading — $0.10 per contract plus $1.99 per trade.
•No minimum deposit requirements for cash trading accounts opened by US residents.
•FINRA membership and the protection of clients’ funds are available through Securities Investor Protection Corporation (SIPC).
•Access to professional trading platforms such as DAS and Sterling Trader Pro are developed by third-party software developers for the proprietary eOption terminal.
•An affiliate program with high rewards.
•Compensation for commissions for funds or assets from other brokerage firms and institutions transfer.
•Prompt support by phone and online chat in the trading platform during company business hours.
👎 Disadvantages of eOption for traders in Spain:
•The narrow range of choice of investment solutions to generate passive income.
•You cannot trade Pink Sheet and Bulletin Board stocks.
•There is no online chat on the company's website.
3
Best Paper Apps in Spain - Fidelity
Fidelity Investments is a large American financial services company. It was founded in 1946 by American businessman and lawyer Edward Crosby Johnson II. It provides services to traders in trading securities and commodity assets and allows investors to invest in mutual funds and investment funds, form portfolios for a variety of instruments, including bonds and annuities with fixed income. The company has received several awards: according to Barron's, Investors Business Daily, Kiplinger, and Stock Brokers. Fidelity Investments is recognized as the best online broker of 2020.
👍 Advantages of trading with Fidelity for traders in Spain:
•availability of its own trading terminal for active trading, Active Trader Pro, with advanced analytics from experts and a wide range of technical analysis tools;
•no brokerage fee for consulting services with an account balance of up to $10,000, and only $3 if a larger deposit is made;
•there is the possibility of individual planning for investors, while the cost of the service is 0.5% of the size of the deposit for each month of use.
👎 Disadvantages of Fidelity for traders in Spain:
•lack of localization;
•there are no active bonus programs; nor is there an opportunity to receive additional profit for attracting new customers;
•margin trading is possible if the account balance exceeds 250 thousand dollars;
•the demo account is limited in functionality and involves working only with investment portfolios.
4
Best Paper Apps in Spain - SogoTrade
SogoTrade is a US registered broker that has been operating since 1986. It offers a wide range of stock market assets, proprietary trading platforms with built-in analytics, and forecasting tools. The broker is a member of FINRA (CRD#: 17912/SEC#: 8-35930) and SIPC, and has offices in New York and Chesterfield (Missouri). The company's regional service center also serves customers from China, Taiwan, and Hong Kong. In 2020, the financial portal GOBankingRates named SogoTrade as the best online broker for day trading and for novice traders.
👍 Advantages of trading with SogoTrade for traders in Spain:
•FINRA and SIPC membership.
•A variety of investment products for generating passive income, including diversified portfolios of securities with different levels of risk and reward.
•The minimum deposit for the Cash Account starts at $0.
•A wide range of analytical tools such as stocks and options, screeners, P&L calculators, daily newsletters, third-party analyst ratings, reviews, and more.
•The existence of a proprietary platform for online options trading.
👎 Disadvantages of SogoTrade for traders in Spain:
•The broker withholds $2.88 for market trades in stocks, as well as a commission for each contract when trading options.
•There are no cash bonuses for opening an account or making a deposit.
•The minimum investment for working with investment portfolios is $25,000.
5
Best Paper Apps in Spain - Lightspeed
Lightspeed is an American stockbroker for experienced investors. The company is overseen by the US Securities and Exchange Commission (SEC, 0001122636 ), the US Financial Industry Regulatory Authority (FINRA) and NFA (0330872). The SIPC, the Securities Investor Protection Corporation, is responsible for compensating Lightspeed customers in the event the broker files for bankruptcy. Lightspeed specializes in providing investors with access to the stock markets, offering multi-ownership accounts and instant order execution.
👍 Advantages of trading with Lightspeed for traders in Spain:
•A wide selection of trading platforms for the different needs of a trader.
•The ability to test the trading conditions of the broker without financial risks, on a virtual account.
•The company offers accounts for trading different assets and with different forms of ownership.
•A Lightspeed customer can earn additional income by participating in the affiliate program.
•Basic training materials for working on the Lightspeed platforms are available on the broker's website
👎 Disadvantages of Lightspeed for traders in Spain:
•Expensive minimum deposits.
•Lack of investment programs and other ways to generate passive income.
•The broker charges clients a commission for non-trading operations like holding positions, closing an account, maintaining an account, etc.
Best Paper Trading App in Spain 2025: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
eToro - Education for Investors
Investment Education Online
eToro pays special attention to the education of traders. The broker’s website features information about what copy trading, leverage and margin are. There are also descriptions of how to buy and sell various types of financial instruments.
Upon completion of registration, any trader can create a free demo account with a virtual deposit of $100,000 and practice trading in an entirely risk-free environment.
eOption - Education for Investors
Investment Education Online
There is a Training section on the website. There, you can find some useful information to help you make you take your first steps in trading. Also, there is a blog with articles on the stock market to help novice traders.
The eOption broker offers Paper Trading, an educational tool to study the platform and test the trading terms of the broker and your trading strategies.
Fidelity - Education for Investors
Investment Education Online
To teach the basics of stock trading, a special training center has been created on the Fidelity Investments website. It includes online webinars, analytical reviews, and a five-step trading starting guide. All these services are free and available to everyone without registration.
The knowledge gained can be tested on a demo account, on which the formation of an investment portfolio is available.
SogoTrade - Education for Investors
Investment Education Online
Training materials on investing in the stock market are available in the Education Center section. All information provided is intended for novice traders who do not even have basic knowledge of the securities market.
The information is written in simple language and divided into blocks for quick and convenient search.
Lightspeed - Education for Investors
Investment Education Online
The Lightspeed broker offers a small number of educational materials for traders. In particular, a video on setting up the Lightspeed trading platform and information on the current market situation.
You can test new trading strategies and acquired knowledge on a virtual account, which excludes the possibility of losing capital.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Spain choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Paper Trading App in Spain 2025.
| eToro | eOption | Fidelity | SogoTrade | Lightspeed | |
|---|---|---|---|---|---|
|
Overall score |
9.4 |
9.3 |
8.7 |
7.55 |
7.15 |
|
Execution of orders |
9.1 |
9 |
8.4 |
7.34 |
6.94 |
|
Investment instruments |
9.7 |
9.6 |
9 |
7.76 |
7.36 |
|
Withdrawal speed |
9.5 |
9.4 |
8.8 |
7.4 |
7 |
|
Customer Support work |
9.3 |
9.2 |
8.6 |
7.7 |
7.3 |
|
Variety of instruments |
9 |
8.9 |
8.3 |
7.18 |
6.78 |
|
Trading platform |
9.8 |
9.7 |
9.1 |
7.92 |
7.52 |
|
|
|||||
|
|
|
|
- Best Binary Trading App In Ghana for 2025
- Best Options Trading App In Kenya for 2025
- Best Forex Trading App In Vietnam for 2025
- Best Futures Trading App In Indonesia for 2025
- Best Copy Trading App In India for 2025
- Best Options Trading App In Nigeria for 2025
- Best Swing Trading App In Singapore for 2025
- Best Mobile Trading App In Australia for 2025
- Best Paper Trading App In Norway for 2025
- Best Options Trading App In Cyprus for 2025
- Best Stock Trading App In Iran for 2025
- Top 9 Copy Trading Platforms in Nigeria 2025
- Best Options Trading App In Vietnam for 2025
- Best Paper Trading App In Ghana for 2025
- Best Options Trading App In Sri Lanka for 2025
- Best Copy Trading App In Thailand for 2025
- Best Swing Trading App In India for 2025
- Best Copy Trading App In Belgium for 2025
- Best Online Trading App In Brazil for 2025
- Best Copy Trading App In Ghana for 2025
- Best Mobile Trading App In the Philippines for 2025
- Best Stock Trading App In Turkey for 2025
- Best Bitcoin Trading App In Israel for 2025
- Best Online Trading App In Nigeria for 2025
- Best Copy Trading App In the UAE for 2025
- Best Futures Trading App In Romania for 2025
- Best Futures Trading App In Japan for 2025
- Best CFD Trading App In The World for 2025
- Best Options Trading App In Romania for 2025
- Best Forex Trading App In Uganda for 2025
FAQ
Does the functionality of apps differ from that of the web version?
It depends on the broker. A good quality mobile app replicates the functionality of the web version either fully or as much as possible.
Are there updates for the apps of brokers?
Yes. Mobile apps of brokers are regularly updated and it is very important to update them in the view of proper operation of services.
Are there versions of the apps for tablets?
In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.
If I remove the app from my phone and then reinstall it, will I lose the information?
No. The information is stored in the user account on the server. You will need to enter your username and password, pass two-factor authentication (if applicable) and you will have full access to your information.
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.