Transfers of shares listed on a recognised exchange sit outside the capital gains charge, but securities in a collective investment scheme are carved back into it. That is why a fund or an ETF has to be checked instrument by instrument.
MT

Brokers available in Malta

Checked on 28 September 2026. 9 brokers accept someone resident in Malta. What each one charges and how your assets are protected:

  • Bitpanda: European ETF €1, investor protection up to €20,000.
  • eToro: European ETF 0%, investor protection up to €20,000.
  • Freedom24: European ETF €2 + €0.02 per share, investor protection up to €20,000.
  • Interactive Brokers: European ETF Fixed: 0.05% (min. €3); Tiered: 0.05% (min. €1.25), interest on uninvested cash 1.93%, investor protection up to €20,000.
  • Lightyear: European ETF 0%, investor protection up to €20,000.
  • Revolut: European ETF €1, investor protection up to €22,000.
  • Saxo: European ETF 0.08% (min. €2), investor protection up to €20,000.
  • Trading 212: European ETF 0%, interest on uninvested cash 2.50% to 3.50%, investor protection up to €20,000.
  • XTB: European ETF 0%, interest on uninvested cash 1.10%, investor protection up to €20,100.

Four of them charge nothing to buy a European ETF: eToro, Lightyear, Trading 212 and XTB. The highest advertised interest on uninvested cash is 2.50% to 3.50% at Trading 212. Fees are the published retail prices. Currency conversion, custody and transfer costs are in the table above.

What to know if you live in Malta

Capital gains are taxed as income at the normal progressive rates and computed on form RA2 with your return. A loss can never be set against other income: it carries forward against capital gains of later years until it is used up (art. 5(10), Income Tax Act). Transfers of shares listed on a recognised stock exchange are excluded from the charge, but securities in a collective investment scheme are carved out of that exclusion (art. 5(6)), which is why the treatment of a fund or an ETF has to be checked instrument by instrument.

Maltese dividends go in box 9ai or 9aii with a refund claim in box 38a under the full imputation system (MTCA tax return guide). If a firm fails, the Investor Compensation Scheme pays 90% of the net loss up to €20,000 (Investor Compensation Scheme).