Trade Spain’s IBEX 35 index as a CFD on Defcofx. Get exposure to the Spanish equity market with spread of 11 points, zero commission, no swap fees, leverage up to 1:200, minimum 0.01 lot and no maximum lot size restriction on MetaTrader 5.
ESP35 tracks Spain’s IBEX 35, the benchmark index of the Madrid Stock Exchange. It gives traders exposure to 35 of Spain’s most liquid listed companies through one CFD position instead of buying individual shares.
Trade the direction of Spain’s leading listed companies through a single MT5 index CFD.
ESP35 is strongly influenced by Banco Santander, BBVA, Iberdrola, Repsol and other major Spanish firms.
ESP35 trades during Madrid market hours, making it useful for traders focused on European equity flows.
The IBEX 35 is Spain’s main stock market index, made up of 35 of the most liquid companies on the Continuous Spanish Stock Market. It is heavily weighted toward banks, energy companies and telecoms.
Open your account and trade the Spain 35 index on MetaTrader 5 with zero commission and leverage up to 1:200.
Trade ESP35 with clear trading conditions, MT5 execution and no added commission. The instrument gives you direct CFD exposure to Spain’s benchmark equity index.
| Specification | Value |
|---|---|
| Instrument | ESP35 – Spain 35 |
| Reference Index | IBEX 35 |
| Underlying Currency | Euro (EUR) |
| Exchange / Reference | Bolsa de Madrid |
| Average Spread | 11 points |
| Commission | $0 |
| Minimum Lot Size | 0.01 |
| Maximum Lot Size | No Limit |
| Leverage | Up to 1:200 |
| Swap Fees | None |
| Platform | MetaTrader 5 |
| Trading Hours | Mon–Fri, 8:00 AM–4:30 PM GMT |
Index CFD spreads are quoted in index points. On ESP35, a spread of 11 means the buy and sell price differ by 11 points. There is zero commission charged on top of this spread.
When you trade ESP35 as a CFD, you take a position on whether the collective value of Spain’s 35 leading listed companies will rise or fall. You do not own individual shares; you trade the index level as one instrument.
Open a long position if you expect Spanish equities to rise due to stronger Eurozone growth, supportive ECB policy or improved risk appetite.
Open a sell position if you expect the index to fall due to Eurozone stress, Spanish fiscal concerns or global risk-off sentiment.
Trade broad Spanish equity exposure without selecting or managing individual Spanish stocks.
ESP35 is shaped by ECB policy, Eurozone data, Spanish banking performance, energy markets, Latin American exposure and European political risk.
ECB rate cuts can support equities through lower borrowing costs, while rate hikes may pressure valuations.
Santander and BBVA are major IBEX 35 components, making bank performance a key ESP35 driver.
GDP, CPI, PMI and unemployment figures affect ECB expectations and Spanish corporate earnings outlooks.
Domestic GDP, unemployment, inflation, housing and fiscal data influence Spanish company valuations.
Repsol and Iberdrola make energy prices, renewables policy and utility trends important for ESP35.
Santander and BBVA generate major revenue from Brazil, Mexico and other Latin American markets.
Wider Spanish government bond spreads against German Bunds can signal fiscal stress and weigh on the index.
EU political uncertainty and risk-off moves can pressure ESP35 more than core European indices.
Unlike many European indices, ESP35 has meaningful exposure to Latin America through Santander and BBVA. Brazilian, Mexican or Argentine developments can move ESP35 independently of European news.
ESP35 trading on Defcofx aligns with the Madrid Stock Exchange session. Liquidity is strongest during core Spanish and European equity market hours.
Monday to Friday, 8:00 AM to 4:30 PM GMT, aligned with Madrid Stock Exchange hours.
ECB rate decisions, press conferences and Eurozone data releases can create strong intraday volatility.
The market open often reacts to overnight global risk sentiment, bond market moves and political headlines.
Start trading the Spain 35 index in a few steps. Use MT5, review the European market context and define your risk before opening a position.
Choose live trading for real market exposure or start on demo with virtual funds.
Download MT5 and sign in using your Defcofx credentials.
Open Market Watch, find ESP35 and load the Spain 35 chart.
Review ECB policy, Spanish data, Eurozone sentiment, banking stocks and Latin American developments.
Buy if you expect the index to rise, or sell if you expect Spanish equities to fall.
ESP35 suits traders who understand ECB policy, Spanish banking exposure, Latin American macro links and broader European risk sentiment.
Trade ESP35 around changing ECB rate expectations and their effect on Spanish banks and corporates.
Use ESP35 for indirect exposure to Brazil and Mexico through Santander and BBVA earnings sensitivity.
ESP35 can underperform during Eurozone fiscal stress or Spanish political uncertainty.
Use daily moving averages and pullbacks when ESP35 follows broader European equity trends.
Access ESP35 on MT5 with spread of 11, zero commission, no swap fees and leverage up to 1:200.
Defcofx gives traders direct access to the Spain 35 index with clear trading costs, MT5 execution and flexible lot sizing.
| Feature | Details |
|---|---|
| Symbol | ESP35 |
| Spread | 11 points |
| Commission | Zero commission |
| Swap Fees | None |
| Leverage | Up to 1:200 |
| Minimum Lot | 0.01 |
| Maximum Lot | No limit |
| Platform | MetaTrader 5 |
| Welcome Bonus | 40% on first deposit of $1,000+ |
| Withdrawals | Processed within 4 business hours, including weekends |
New clients depositing $1,000 or more can receive a 40% welcome bonus. Available globally. Terms and conditions apply.
ESP35 can move quickly around ECB events, Spanish political headlines, bond-market stress and Latin American developments affecting major Spanish banks.
ESP35 can gap at open when European political or fiscal news breaks outside market hours.
Widening Spanish spreads against German Bunds can signal fiscal stress and precede index weakness.
BRL and MXN moves can affect Santander and BBVA, which can move ESP35 independently.
Track ECB meetings, Eurozone data releases and Spanish economic indicators before trading.
Spain can experience coalition government instability, regional political tensions and Eurozone fiscal stress. During these periods, ESP35 may underperform broader European indices.
Quick answers for traders reviewing ESP35 index CFD conditions, trading hours, leverage and account access on Defcofx.
ESP35 is the CFD symbol for the Spain 35 index, tracking the IBEX 35 benchmark of Spain’s most liquid listed companies.
The average spread on ESP35 at Defcofx is 11 index points. Zero commission and no swap fees apply.
Major components include Banco Santander, BBVA, Inditex, Iberdrola, Repsol, Telefónica, Amadeus, CaixaBank and Cellnex.
Santander and BBVA generate major revenue from Brazil, Mexico and other Latin American markets, so regional economic and currency changes can affect ESP35.
Defcofx offers leverage up to 1:200 on ESP35. Use leverage carefully because index CFDs can move quickly.
Yes. As a CFD, you can sell ESP35 if you expect Spain’s benchmark index to fall.
Open a live or demo account, log into MT5, search for ESP35 in Market Watch and place your trade according to your plan.
ESP35 gives you direct exposure to Spain’s benchmark equity index, with a unique mix of ECB policy sensitivity, Spanish banking exposure, energy-sector influence and Latin American revenue links. Trade it on Defcofx with spread of 11, zero commission, no swap fees, leverage up to 1:200 and MT5 execution.
