Best brokers in Spain for ETF investing
English comparison of brokers available for Spain residents: commissions (read on each broker website on 30 Sep 2026), regulation, products and what matters for each profile.
Broker comparison
| Broker | ETF fee | Index funds | Regulator |
|---|---|---|---|
| Trade Republic | €1 (savings plans free) | No | BaFin (Germany) |
| DEGIRO | €1 (Core Selection) or €3 | No | AFM (Netherlands) |
| MyInvestor | 0.12% (min €1, max €25) | Yes (Vanguard, Amundi) | CNMV (Spain) |
| XTB | €0 up to €100k/mo (savings plans free) | No | CNMV (Spain) |
| Interactive Brokers | Very low (tiered) | Yes | CBI (Ireland) |
FAQ
Which broker is best for beginners in Spain?▾
It depends on how you invest. Trade Republic (German bank, BaFin-regulated, with a Spanish branch) charges €1 per one-off trade and nothing on its automatic savings plans, which start at €1/month; it has a mobile-first app and pays variable interest on cash. XTB and Scalable Capital also offer commission-free savings plans. Fees as published on each broker website on 30 Sep 2026.
Which broker offers index funds with tax-free transfers?▾
Fund-to-fund tax-free transfers are a Spanish regime handled by entities that distribute funds in Spain. MyInvestor (Spanish bank, supervised by the Bank of Spain and the CNMV) offers index funds from Vanguard, iShares, Amundi and Fidelity with no purchase fee; other Spanish entities such as Openbank, ING or Renta 4 also distribute funds. MyInvestor charges 0.12% per ETF trade (minimum €1, maximum €25).
Is DEGIRO safe for Spain residents?▾
Yes. DEGIRO is regulated by AFM (Netherlands) and subsidiary of flatexDEGIRO Bank AG (BaFin-regulated). Dutch Investor Compensation Scheme covers up to €20,000. In the standard accounts DEGIRO may lend your securities; in the Custody account it does not.
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?▾
It depends on order size and whether you use a savings plan. Per one-off ETF order (each broker website, 30 Sep 2026): XTB €0 up to €100,000 a month; Trade Republic €1; DEGIRO €1 on its Core Selection (all ETFs traded on Tradegate) and €3 otherwise; MyInvestor 0.12% (minimum €1, maximum €25); Interactive Brokers 0.05% (minimum €1.25 plus exchange fees). Automatic savings plans are free at Trade Republic, XTB and Scalable Capital.