Best brokers in Spain for ETF investing
English comparison of brokers available for Spain residents: commissions, regulation, products, and best fit per profile.
Broker comparison
| Broker | ETF fee | Index funds | Regulator |
|---|---|---|---|
| Trade Republic | €0 | No | BaFin (Germany) |
| DEGIRO | €0.50 + 0.004% | No | AFM (Netherlands) |
| MyInvestor | €0.20 + 0.03% | Yes (Vanguard, Amundi) | CNMV (Spain) |
| XTB | €0 up to €100k/mo | No | CNMV (Spain) |
| Interactive Brokers | Very low (tiered) | Yes | CBI (Ireland) |
FAQ
Which broker is best for beginners in Spain?▾
Trade Republic (German bank, BaFin-regulated): €0 per ETF trade, automatic savings plans from €1/month, 2-2.5% remunerated cash account. Mobile-first interface. Best for monthly DCA.
Which broker offers index funds with tax-free transfers?▾
MyInvestor (Andbank, Spanish CNMV-regulated). The only Spain-based broker offering Vanguard, Amundi and Fidelity institutional index funds with fund-to-fund tax-free transfers (huge Spanish tax advantage). Also has ETFs at €0.20 + 0.03% per trade.
Is DEGIRO safe for Spain residents?▾
Yes. DEGIRO is regulated by AFM (Netherlands) and subsidiary of flatexDEGIRO Bank AG (BaFin-regulated since 2021). Dutch Investor Compensation Scheme covers up to €20,000. For full asset segregation, choose the "Custody" account.
Can I keep my US broker if I move to Spain?▾
Generally yes, but you become Spain tax-resident under the 183-day rule. Some US brokers (Vanguard, Fidelity) restrict EU residents and may force account closure. Schwab International and Interactive Brokers usually allow EU residents. Tax reporting: declare US income on Spanish IRPF + Modelo 720 if assets exceed €50k.
What is the cheapest broker for ETFs in Spain?▾
Trade Republic is the cheapest for ETFs: €0 per trade, no maintenance fees, no custody fees. For large volume orders (>€10k), the order flow spread might marginally increase implicit cost vs direct DEGIRO execution, but for retail amounts Trade Republic wins.