Miraltabank

What Miraltabank does

Miraltabank, legally Miralta Finance Bank, S.A., is a privately held Spanish credit institution founded in 2010 by Emilio Botín O'Shea, José Rodríguez Pérez, and Ignacio Fuertes and headquartered at Plaza de Manuel Gómez Moreno in Madrid. The group operates as a multi-line financial services platform combining asset management, online brokerage, private banking, and corporate financing. Its regulated entities include the bank itself (Bank of Spain code 0244) and wholly-owned subsidiary Miralta Asset Management SGIIC, S.A.U. (CNMV registration number 252).

The product portfolio spans the BisonTrade multi-asset online broker (offering direct market access to more than 30,000 instruments across Spain, Germany, France, Portugal, Italy, and the US), the VERSA discretionary portfolio management service, six proprietary investment funds (Miralta Narval Europa, Sequoia, ATLAS, Pulsar, Pulsar II, and Credit Opportunities I), wealth advisory, pension plans with a 0.25% annual balance bonus, and alternative financing products including syndicated corporate loans and energy-efficiency community loans. Underlying technology includes the proprietary PENTAGON big-data platform for credit analysis across 7,000+ bonds and Saxo Bank infrastructure powering BisonTrade execution and market data.

Revenue is generated through transaction-based brokerage commissions, recurring portfolio management fees (0.5%–0.95% on AUM), custody and administration fees, market data subscriptions, interest on margin lending and CFD financing, and fees on corporate financing mandates. Distribution is dual-channel: self-serve digital via BisonTrade serving 21,000+ retail customers, and direct relationship-based coverage for high-net-worth private banking and institutional investors. Awards include Citywire Platinum (2024), three consecutive Citywire Euro Fixed Income Manager of the Year titles for CIO Ignacio Fuertes (2022–2024), and 5-Star Morningstar ratings on Sequoia and Narval Europa.

Name

Miraltabank

Legal name

Miralta Finance Bank, S.A.

Website

https://miraltabank.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

Miraltabank is a privately held Spanish bank offering online brokerage (BisonTrade), discretionary portfolio management (VERSA), six proprietary investment funds, wealth advisory, and corporate financing to retail, high-net-worth, and institutional clients primarily in Spain and broader Europe.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Commercial Banking (52211), Portfolio Management and Investment Advice (523940), Credit Intermediation and Related Activities (522)

SIC

National Commercial Banks (6021), Finance Services (6199)

akta.pro primary industry

Wealth Lending & Credit Solutions (Lombard/Margin, Mortgages, Structured Credit) (FSAAABAG)

akta.pro secondary industries

Private Banking Lending (Securities-Backed, Real Estate, Structured Credit) (FSABADAE), Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF)

Keywords

• Wealth management services
• Online brokerage platform
• Asset management funds
• Private banking services
• Corporate financing solutions

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Brokerage Commissions: Commission-based revenue from equity trading, ETFs, futures, options, fixed income, and CFD trading through the BisonTrade platform. Fees vary by market and trade volume.
2. Portfolio Management Fees: Discretionary portfolio management services with fees ranging from 0.5% to 0.95% annually depending on client risk profile. Accrued daily and settled quarterly.
3. Custody and Administration Fees: Custody fees for securities administration, ranging from 0.005% to 0.0133% of cash balance per month with minimums.
4. Interest Income: Interest earned on margin lending, overdraft facilities, and CFD financing. Negative net free equity generates interest charges.
5. Market Data Subscriptions: Revenue from real-time market data subscriptions for equities, derivatives, and futures across various exchanges.
6. Alternative Financing: Providing financing solutions to companies, including syndicated loans and structured finance arrangements.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Miraltabank is a Spanish credit institution that delivers an integrated platform of wealth management, asset management, online brokerage, and corporate financing services. Its core offerings comprise the BisonTrade multi-asset online broker (30,000+ instruments with Direct Market Access), the VERSA discretionary portfolio management service, six proprietary investment funds, private banking and pension plans for individuals, plus institutional mandates and alternative financing for businesses. The group serves both retail investors and institutional/corporate clients through digital self-serve and relationship-based channels, regulated by the Bank of Spain (code 0244) and the CNMV.

Product overview

Miraltabank is a Spanish financial group (Miralta Finance Bank, S.A.) offering an integrated platform of wealth management, asset management, brokerage, and financing services. The core offering centers on the BisonTrade multi-asset online broker platform for trading 30,000+ instruments, complemented by VERSA discretionary portfolio management, Miralta Asset Management investment funds (Narval Europa, Sequoia, ATLAS, Pulsar, Pulsar II, MCOI), wealth advisory services, pension plans, and specialized financing products (investment loans, community loans). The group serves both retail (individuals) and institutional clients through its various brands and product lines.

Differentiator

Problem solved

Functional benefit

Products and services

• BisonTrade Multi-asset online broker platform enabling trading across 30,000+ financial instruments including equities, ETFs, futures, options, fixed income, and investment funds, operating with Direct Market Access (DMA) technology for transparent market pricing. Targeted at retail and active trader clients in Spain and Europe.
• VERSA Discretionary Portfolio Management Discretionary portfolio management service for private clients offering personalised investment management with various risk profiles and fee structures ranging from 0.5% to 0.95% depending on the selected profile. Targeted at private clients seeking managed portfolio solutions.
• Miralta Narval Europa European equity investment fund focused on long-term investments in quality companies with disciplined and diversified management, offering exposure to European stock markets. Targeted at investors seeking long-term European equity exposure.
• Miralta Sequoia Investment fund with fixed income orientation managed by Miralta Asset Management. Targeted at investors seeking fixed income exposure.
• Miralta ATLAS Global investment fund managed by Miralta Asset Management offering diversified international exposure. Targeted at investors seeking global multi-asset exposure.
• Miralta Pulsar Income-oriented investment fund with periodic dividend distribution to investors. Targeted at income-focused investors.
• Miralta Pulsar II Second income-oriented investment fund variant with dividend distribution feature. Targeted at income-focused investors seeking fund-of-funds exposure.
• Miralta Credit Opportunities I (MCOI) Credit-focused investment fund providing exposure to credit market opportunities. Targeted at investors seeking credit and structured credit exposure.
• Wealth Management Comprehensive wealth advisory and planning service offering personalised investment management and financial planning for high-net-worth individuals. Targeted at private banking and HNW clients.
• Préstamo Inversión Miralta Investment loan product enabling clients to obtain immediate liquidity using their investment assets as collateral without needing to sell their investments. Targeted at existing investors seeking liquidity against portfolio assets.
• Préstamo Comunidad Miralta Community loan product allowing property owners to finance energy efficiency improvements such as solar energy and thermal insulation for their buildings. Targeted at property owner communities.
• Miralta Pension Plans Long-term savings pension plans with annual balance bonus of 0.25% for participants. Targeted at individual retirement savers.
• Alternative Financing Alternative financing services for companies including syndicated loans and capital market solutions. Targeted at corporate and SME borrowers.
• Investment Banking Investment banking services for institutional clients and companies including advisory and capital markets solutions. Targeted at corporate and institutional clients.
• BisonTrade Mobile App Mobile application for iOS and Android providing secure online trading access to the BisonTrade broker platform. Targeted at active retail traders.

Quantifiable outcome

• Miralta Narval Europa achieved 121.11% return since inception (2026-06-22)
• +4 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Saxo BankcoreTechnology or IntegrationTechnology partnership using Saxo Bank's platform as the base technology infrastructure for trading and investment operations. Saxo Bank is a global benchmark in investment and trading. The partnership provides DMA platform access, market data, and multi-asset execution capabilities. Saxo Bank is aligning platforms with European Accessibility Act requirements including WCAG 2.2 AA standards.
• AválamminorChannel Partner/ Reseller/ DistributorPartnership agreement with Aválam to provide financing solutions for SMEs (small and medium enterprises). Miraltabank and Aválam signed a convention enabling SME access to financing through Aválam's network and guarantees.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Renta 4 Banco: Listed Spanish bank specializing in brokerage, asset management, and pension/wealth advisory through Renta 4 Gestora. Closely comparable to Miraltabank in its integrated bank + asset manager + retail brokerage model and Spanish market focus.
• Andbank: Private banking group headquartered in Andorra with significant Spanish HNW franchise, offering discretionary portfolio management, advisory, and alternative investment solutions. Similar scale, target customer (HNW/UHNW), and integrated wealth + credit model to Miraltabank.
• Alantra: Spanish financial advisory and asset management firm operating investment banking, credit portfolio management, and alternative asset strategies. Comparable to Miraltabank in combining institutional asset management with corporate finance and alternative investment capabilities in Iberia.
• Banco Mediolanum: Spain-focused subsidiary of Italy's Mediolanum banking group, providing private banking, advisory, and managed portfolios to HNW and mass-affluent clients. Similar HNW private banking positioning and Italian-Spanish leadership heritage as Miraltabank's management team.

Emerging players

• Trea Capital Partners: Spanish boutique asset manager offering mutual funds, discretionary portfolios, and pension management with a value-oriented investment style. Comparable to Miralta Asset Management's fund range and Spanish retail distribution focus.
• Magallanes Value Investors: Spanish independent asset management firm specializing in European equity value strategies. Comparable niche specialization in European equities, with comparable size and target investor base to Miralta's Narval Europa strategy.
• Arcano Partners: Spanish independent financial advisory firm specializing in alternative assets, credit, and capital markets with Iberian and Latin American reach. Comparable on alternative-credit and structured finance expertise relevant to Miralta Credit Opportunities.

Broad incumbents

• Bankinter: One of Spain's largest digital-leaning banks with a substantial investment services and private banking franchise through Bankinter Wealth and Ahorro Pensiones. Overlaps with Miraltabank across retail brokerage, wealth, and asset management at substantially larger scale.
• Interactive Brokers: Global multi-asset online broker offering DMA execution across 30,000+ instruments similar to BisonTrade's DMA-enabled platform. Comparable on retail brokerage product mix and instrument breadth, though far larger in scale and global.
• Openbank (Santander): Digital-only subsidiary of Banco Santander providing retail brokerage, robo-advisory, and wealth services across European markets. Comparable digital channel and target retail investor overlap with BisonTrade, though attached to a much larger parent.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/miraltabank
• YouTubeyoutube.com/channel/UCuaAuNDVYaElK50D7VIh56g
• LinkedInlinkedin.com/company/miraltabank
• Instagraminstagram.com/miraltabank

Revenue estimate

Valuation estimate

Number of profiles

Profiles29 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Miraltabank