Best brokers in Spain

Checked on 28 September 2026. 13 brokers accept someone resident in Spain. What each one charges and how your assets are protected:

• Bitpanda: European ETF €1, investor protection up to €20,000.
• BUX: European ETF €0.99, investor protection up to €20,000.
• DEGIRO: 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.
• Scalable Capital: European ETF €0, interest on uninvested cash 2.60%, investor protection up to €20,000.
• Trade Republic: European ETF €1, interest on uninvested cash 2.50%, 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.

Five of them charge nothing to buy a European ETF: eToro, Lightyear, Scalable Capital, Trading 212 and XTB. The highest advertised interest on uninvested cash is 2.60% at Scalable Capital. Fees are the published retail prices. Currency conversion, custody and transfer costs are in the table above.

What to know if you live in Spain

Dividends and capital gains are taxed on the same savings scale as interest: 19% up to €6,000, then 21% to €50,000, 23% to €200,000, 27% to €300,000 and 30% above that (Agencia Tributaria). A Spanish provider withholds 19% on dividends on account; a broker licensed in another country withholds nothing for Spain, so you declare the full amount in your Modelo 100. A net capital loss can be set against positive investment income only up to 25% of it, and what is left carries forward four years (Agencia Tributaria).

If a Spanish investment firm fails, FOGAIN covers up to €100,000 per investor, well above the €20,000 most EU schemes apply (CNMV). That cover follows the firm's home country, not yours, so with a broker licensed elsewhere in the EU it is that country's scheme that applies. And once your accounts, securities and funds abroad pass €50,000 in any one category, you must file the informative Modelo 720 (Agencia Tributaria).