Best Forex Prop Firm for Spanish Traders 2026 (MT5, SWIFT, KYC)

Looking to trade with Alpha Capital from Spain? Yes. Alpha Capital is open to traders across Spain. You can start a forex and CFD evaluation, trade simulated funds on a USD account, and request performance fees in USD once you are a Qualified Analyst.

This guide walks you through getting started from Spain: trading instruments like EUR/USD and EUSTX50, matching your session to Spanish time, picking the plan that fits overnight or weekend holds, and requesting performance fees by SWIFT or Rise.

Note: Evaluations use simulated funds. Performance fees are performance-based, and outcomes are not guaranteed. Check live prices and rules on alphacapitalgroup.uk before you buy, so you can pick the option that fits how you trade.

How Alpha Capital works for traders in Spain

Alpha Capital Group welcomes traders from more than 150 countries, including Spain. Sign up with your legal first name and surname, confirm your country of residence, complete KYC, and choose a plan.

Your path to a Qualified Account:

Choose your plan: Alpha One, Alpha Pro, Alpha Swing, or skip the evaluation with Alpha Direct. Live checkout includes these four plans. (Alpha Three is not sold on live checkout).
Pick your platform: MetaTrader 5, cTrader, DX Trade, or TradeLocker.
Complete the evaluation: Pass on One, Pro, or Swing—or start already qualified on Direct.
Complete KYC: Verify using a government-issued photo ID and a selfie. Complete this step without a VPN or VPS so your location verifies cleanly. On Direct, if you are not already verified, KYC occurs when you are eligible to request your first performance fee.
Trade and request: Once you are a Qualified Analyst, trade under the published rules and request performance fees from the dashboard. Close open trades first. Valid requests are processed and paid within 2 business days in USD.

A “$100K account” is a $100K simulated account. CME futures (ES, NQ, CL, GC) sit on Alpha Futures.

What Spanish traders get with Alpha Capital

Feature	How it works
Eligibility	Spain is eligible. KYC required. Name on signup must match your ID.
Markets	Published forex (including EURUSD), metals (XAUUSD, XAGUSD), oil (UKOIL, USOIL), and index CFDs including EUSTX50, GER30, NAS100, and US500. There is no IBEX / SPA35 CFD on this product.
Platforms	MetaTrader 5, cTrader, DX Trade, TradeLocker. MT5 is available when you register from Spain.
Live plans	Alpha One (1-step), Alpha Pro (2-step), Alpha Swing (2-step, swing rules), Alpha Direct (no evaluation).
After you qualify	Qualified Account on simulated funds.
Performance split	80% as standard. Optional 90% add-on on all Alpha One plans and on-demand Alpha Pro. Alpha Direct is 90% as standard.
Request timing	Bi-weekly (Alpha Pro, if chosen at purchase) or on-demand. Valid requests: processed and paid within 2 business days.
Banking	Bank transfer (WIRE / SWIFT). ACH is listed for US bank accounts. Crypto through Rise. Payment is USD.
Shared allocation	Maximum $400,000 across Pro, Swing, One, Three, and Direct. Confirm the live figure.

Trading EUR/USD and EUSTX50 from Spain

From Spain you can trade EURUSD on the published forex list and EUSTX50, the Euro Stoxx 50 index CFD, on MT5 and the other Cap platforms. That CFD is not IBEX 35. IBEX futures live on MEFF, which is a different exchange. If you want Nasdaq or S&P futures, that is Alpha Futures (CME), not IBEX.

Account balances, drawdown, and performance fee requests are in USD. Convert risk before you size so a EUR living cost and a USD account stay aligned.

London: You are in CET/CEST, so the European FX window sits in your daytime.
New York: Cash open is 09:30 US Eastern, which is 15:30 on mainland Spain for most of the year, and 14:30 in the Canary Islands. Around clock-change weeks the gap can be 5 hours instead of 6. Check the date.

Choosing the right plan for weekend holds

If your system likes to sit through Friday, the plan you buy is what keeps that process smooth:

Plan	Weekend holds	A good fit when
Alpha One	Allowed at every stage	Single-phase path and weekend flexibility
Alpha Swing	Allowed at every stage	Overnight and weekend holds
Alpha Pro	Allowed in evaluation (Phase 1 and 2). On the Qualified Account, close before the weekend (holding is a soft breach: those profits are removed, the account stays active)	Two-phase path and 1:100 FX leverage, with Friday flat once qualified
Alpha Direct	Close before the weekend	Skip the evaluation and start qualified

Key Rule Notes:

Weekend holds incur swap unless you buy the swap-free add-on at purchase (MT5, Alpha One and Alpha Pro only). Direct and swap-free accounts also disable Expert Advisors.
You cannot switch bi-weekly and on-demand on the same account.
On-demand (One / Pro / Swing): No single day above 40% of total generated profits; minimum 2% gross on account balance.
Alpha Direct: 15% Best Day Rule, 3% buffer, then at least 1% more before a request. FX leverage 1:30 on One, Swing, and Direct.
The 90% add-on is selected at purchase on all Alpha One plans and on-demand Alpha Pro. It cannot be attached later. Direct is 90% as standard.

Platforms from Spain

MetaTrader 5, cTrader, DX Trade, and TradeLocker are all available when you buy from Spain. You pick at purchase.

MT5 is included for Spain. US residents use a different platform set. If you later travel to the US, use one of the other platforms for that trip rather than MT5.

How performance fees reach you in Spain

Request from the dashboard after you close open trades. The account stays locked while the request is processed. Valid requests are processed and paid within 2 business days.

Bi-weekly (Alpha Pro if chosen at purchase): Every 14 days from the first Qualified trade. First request needs 5 valid trading days. Minimum $100 gross / $80 net. A trading day counts when a trade is opened and closed on the same day.
On-demand: Best Day Rule plus the minimum for that plan, as above.
Default share & methods: 80% default share (optional 90% add-on at purchase, as above). Paid via bank transfer (WIRE / SWIFT) and crypto through Rise. ACH is listed for US bank accounts. Your Spanish bank receives USD unless you convert after it lands.

Forex vs futures from Spain

You want	Brand
EURUSD, XAUUSD, EUSTX50 and other published CFDs	Alpha Capital
CME futures (ES, NQ, CL, GC, micros)	Alpha Futures
Weekend FX holds after you qualify	Alpha One or Alpha Swing
Skip the Cap evaluation	Alpha Direct

IBEX 35 on MEFF is not on either evaluation.

Taxes in Spain

Navigating your payouts as a trader is an exciting part of the scaling process! Because payouts arrive as USD performance fees, local tax rules in Spain will apply to your earnings.

To help you plan effectively, get the most out of your profits, and file smoothly, we always encourage traders in Spain to partner with a qualified local tax adviser (gestor).

(Friendly note: Alpha Capital provides platform evaluations and performance payouts, but does not provide formal tax advice. A local expert in Spain is your best guide for personal tax guidance!)

FAQ

Does Alpha Capital welcome traders from Spain in 2026?

Yes. Spain is eligible. You can buy the forex and CFD evaluation, use MT5, trade published pairs including EURUSD, and request performance fees by SWIFT or Rise.

Does Alpha Capital work in España?

Yes. Confirm Spain at signup. Use your legal name.

Can Spanish traders get a funded account?

You can become a Qualified Analyst on a Qualified Account after an evaluation, or via Alpha Direct. That account uses simulated funds. Performance fees are paid on eligible simulated profit.

Can I use MetaTrader 5 in Spain?

Yes. MT5 is available when you register from Spain, alongside cTrader, DX Trade, and TradeLocker.

Can I trade IBEX on Alpha Capital?

There is no IBEX / SPA35 CFD on the published list. The European index CFD here is EUSTX50. IBEX futures are MEFF. CME index futures are Alpha Futures.

What time is New York open in Spain?

15:30 on the mainland for most of the year. 14:30 in the Canary Islands.

How do payouts work for Spain?

You request a performance fee. Valid requests are processed and paid within 2 business days, by bank transfer (WIRE / SWIFT) or crypto through Rise, in USD.

Is this CNMV-regulated live trading?

This is an evaluation on simulated funds. It is not a Spanish brokerage account.

What is the difference between Alpha Capital and Alpha Futures?

Alpha Capital is forex, metals, and index CFDs on MT5, cTrader, DX Trade, and TradeLocker. Alpha Futures is CME Group futures (ES, NQ, CL, GC, and micros