{"id":278009,"date":"2024-08-07T17:00:00","date_gmt":"2024-08-07T17:00:00","guid":{"rendered":"https:\/\/northern.finance\/unkategorisiert\/my-scalable-capital-experience-in-2024-etf-savings-plan-shares-and-more-from-the-online-broker\/"},"modified":"2026-08-15T05:00:18","modified_gmt":"2026-08-15T05:00:18","slug":"scalable-capital","status":"publish","type":"post","link":"https:\/\/northern.finance\/en\/review\/scalable-capital\/","title":{"rendered":"My Scalable Capital review in 2026: ETF savings plan, shares and more from the online broker"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Scalable Capital is making waves<\/strong> in the investment world with its <strong>unique subscription-based model and smart robo-advisor<\/strong>. As a Munich-based fintech, it&#8217;s been steadily gaining popularity &#8211; and with good reason. Many users report a seamless experience, a modern interface, and surprisingly low costs. Whether you&#8217;re a beginner or a seasoned investor, <strong>this scalable capital review will give you a complete picture<\/strong> of what makes this broker stand out.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>What are the strengths and limitations of Scalable Capital?<\/strong> How do the different pricing models compare, and which one suits your strategy best? In this post, I\u2019ll walk you through my personal experience with Scalable after several years of use &#8211; and help you decide whether it\u2019s the right platform for your financial goals.<\/p>\n\n\n\n<div>\n<div class=\"wp-block-group nf-info-boxen\">\n<div class=\"wp-block-group__inner-container\">\n<p class=\"nf-boxen-p-gut-zu-wissen\"><strong>In brief:<\/strong><\/p>\n<ul class=\"infobox-ul\">\n<li class=\"infobox-li\">Scalable Capital is a German neobroker that allows investors to pay per transaction. Alternatively, there is a fee-based flat-rate subscription with various benefits.  <\/li>\n<li class=\"infobox-li\">A \u2018robo-advisor\u2019 offers automated investments on request.<\/li>\n<li class=\"infobox-li\">The Scalable Capital Broker is extremely affordable when purchased by subscription and leaves its competitors behind.<\/li>\n<li class=\"infobox-li\">However, the offer is limited to one trading centre.<\/li>\n<li class=\"infobox-li\">Scalable Capital is regulated by the BaFin and deposits are protected up to <\/li>\n<\/ul>\n<\/div><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">What Is Scalable Capital? Company Background and Growth Story<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In today\u2019s crowded investment landscape, choosing the right platform can feel overwhelming. From ETF savings plans to active stock trading, the options are endless &#8211; especially with the rise of intuitive <strong>mobile platforms<\/strong>. Among the growing number of so-called neobrokers, one name stands out for its unique approach and consistent user satisfaction: <strong>Scalable Capital<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Founded in Munich in 2014<\/strong>, Scalable Capital first made headlines with its innovative <strong>robo-advisor<\/strong>. This feature &#8211; now branded as <strong>Scalable Wealth<\/strong> &#8211; uses <strong>dynamic risk management<\/strong> to automatically invest based on your personal preferences. While it\u2019s still part of the offering, especially for beginners, the focus has since shifted toward more active and self-directed investing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Today, the <strong>Scalable Capital platform<\/strong> is best known for its <strong>flat-rate pricing model<\/strong>, which can deliver <strong>substantial savings to frequent traders<\/strong>. If you&#8217;re using the <strong>Scalable Capital app<\/strong> regularly, this subscription-based model quickly pays off. But even casual investors can benefit: <strong>trades outside the subscription cost just \u20ac0.99<\/strong> &#8211; still highly competitive.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">If you&#8217;ve ever used Trade Republic , you&#8217;ll recognize the landscape. The competition is fierce, with both platforms offering <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">rock-bottom fees and sleek, user-friendly apps<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\"> . But in this <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">Scalable Capital review<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\"> , what sets it apart is the <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">combination of flexibility, pricing, and a strong user experience<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\"> backed by a wide product selection.<\/font><\/font><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">Whether you&#8217;re a <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">buy-and-hold ETF investor<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">, a hands-on stock picker, or just <\/font><\/font><a href=\"https:\/\/northern.finance\/en\/learn-how-to-invest\/investing-for-beginners\/\"><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">getting started as a beginner<\/font><\/font><\/a><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">, the <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">Scalable Capital investment app<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">provides a <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">streamlined way to manage your portfolio<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\"> &#8211; all from your phone or desktop. From its early days as a robo-advisor to its current role as a leading <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">mobile platform for investing<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">, <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">Scalable has carved out a unique place in the fintech space<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">.<\/font><\/font><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" width=\"1024\" height=\"562\" src=\"https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/robo_advisor_interface_scalable_capital.webp\" alt=\"The robo-advisor, now called Scalable Wealth, offers many customization options. Nevertheless, the return of 3.7 per cent remains unsatisfactory. I will therefore focus on my experiences with its use as a broker in this report.\" class=\"wp-image-292356\" srcset=\"https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/robo_advisor_interface_scalable_capital.webp 1024w, https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/robo_advisor_interface_scalable_capital-300x165.webp 300w, https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/robo_advisor_interface_scalable_capital-768x422.webp 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">The robo-advisor, now called Scalable Wealth, offers many customization options. Nevertheless, the return of 3.7 per cent remains unsatisfactory. I will therefore focus on my experiences with its use as a broker in this report.<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">My experiences in the following report focus accordingly on the use as a broker, the offer, cost models and co. Here, a lot has been added in recent years: Today there are <strong>shares, ETFs, bonds, funds, derivatives, foreign currencies, commodities and even cryptocurrencies<\/strong> &#8211; an unusually wide range for a neobroker!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The company&#8217;s good reputation<\/strong> also contributes to its popularity: a long company history (for the industry), supervision by the BaFin and the <strong>large investors<\/strong> Blackrock and Tengelmann as financiers speak for quality. The <strong>cooperation with Baader Bank<\/strong>, which is responsible for managing the capital, also makes a good impression.  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Investors&#8217; experiences with Scalable Capital are correspondingly positive<\/strong> and the number of users is growing steadily. In view of the favourable conditions, many investors are willing to overlook the biggest shortcoming \u2013 the restriction to two trading venues.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Scalable Capital Review: History, Mission &amp; How It Works<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Scalable Capital was founded in Munich in 2014<\/strong> with the vision of making investing more accessible, automated, and affordable. It began offering its <strong>robo-advisory service<\/strong> in 2016, allowing users to invest according to personal preferences &#8211; without needing to actively manage their portfolios. This smart, hands-off approach attracted many first-time investors.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">In 2020, Scalable took a major leap by launching its own <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">brokerage platform<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\"> , enabling users to buy and sell <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\"><a href=\"https:\/\/northern.finance\/en\/etf\/70-30-portfolio-will-this-pay-off\/\">ETFs<\/a>, shares, and other assets<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\"> directly through the now widely used <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">Scalable Capital app<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\"> .<\/font><\/font><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Compared to most neobrokers<\/strong>, Scalable Capital has a relatively long and stable company history. Over the years, it has built a strong reputation and avoided major scandals. Many early users and independent <strong>Scalable Capital reviews<\/strong> have highlighted a <strong>positive user experience<\/strong>, citing the platform\u2019s ease of use, transparency, and fair pricing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That said, <strong>recent user feedback has pointed out a few growing pains<\/strong>. Specifically, delays in customer service response times and long waits for tax documents have caused frustration for some users. While these issues don\u2019t affect the core functionality, they are worth considering when choosing your broker.<\/p>\n\n\n\n<div>\n<div class=\"wp-block-group nf-info-boxen-blau\"> \n<div class=\"wp-block-group__inner-container\"> <p class=\"nf-boxen-p-lesetipp\"><strong>Interesting: <\/strong><\/p> \n<p class=\"nf-boxen-p\">You hardly ever hear anything negative about the app and the actual trading! The application is simple and the structure is clear considering the extensive range of offers. I have been able to gain several years of experience with the programme and have nothing to criticise here.   <\/p> \n<\/div><\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">The<strong>business model<\/strong> is built on several revenue streams. The <strong>Scalable Wealth robo-advisor<\/strong> charges a management fee of <strong>0.75% per year<\/strong>, and as of now, the platform manages over \u20ac20 billion in assets &#8211; equivalent to at least \u20ac1.5 million in annual income from that product alone. However, the bulk of Scalable\u2019s revenue likely comes from its <strong>flat-rate subscription plans<\/strong> and <strong>non-subscription trades at \u20ac0.99 each<\/strong><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"1024\" height=\"787\" src=\"https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/fee_options_scalable_capital.webp\" alt=\"The fee model offers the right options for different types of investors.\" class=\"wp-image-292361\" style=\"width:714px;height:auto\" srcset=\"https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/fee_options_scalable_capital.webp 1024w, https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/fee_options_scalable_capital-300x231.webp 300w, https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/fee_options_scalable_capital-768x590.webp 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">The fee model offers the right options for different types of investors.<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">Another important source of income is Scalable&#8217;s <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">partnership with the Gettex and Xetra exchanges<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">, through which all trades are processed. For every completed transaction, the broker receives a commission &#8211; also known as a <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">kickback<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">. This model enables <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">Scalable Capital and similar platforms like <\/font><a href=\"https:\/\/northern.finance\/en\/etf\/trade-republic-plan-recommendation\/\"><font style=\"vertical-align: inherit;\">Trade Republic<\/font><\/a><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\"><a href=\"https:\/\/northern.finance\/en\/etf\/trade-republic-plan-recommendation\/\"><\/a>to offer <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">low-cost investing without hidden fees<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">for users.<\/font><\/font><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Scalable Capital combines automation, low-cost trading, and a modern interface<\/strong> to deliver a powerful all-in-one investing experience. Whether you&#8217;re exploring a <strong>Scalable Capital platform review<\/strong> or deciding on the best app for your needs, this provider offers a well-balanced solution for both beginners and active investors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Scalable Capital Costs and Subscription Plans Explained<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">One of the <strong>key differences<\/strong> between <strong>Scalable Capital<\/strong> and other online brokers lies in its <strong>transparent and flexible fee model<\/strong>. Investors can choose from <strong>three subscription plans<\/strong>, each designed to fit a different investment style &#8211; whether you&#8217;re just getting started or actively trading every week.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><\/td><td>Depotgeb\u00fchren\/<br>Grundgeb\u00fchren<\/td><td>order fees<\/td><td>crypto fees<\/td><td>term<\/td><\/tr><tr><td>FREE BROKER<\/td><td>0,99 \u20ac<\/td><td>0,99 \u20ac<\/td><td>0,99 %<\/td><td>Can be cancelled monthly<\/td><\/tr><tr><td>PRIME+ <\/td><td>\u20ac0.00 (for orders over \u20ac250)<\/td><td>\u20ac0.00 (for orders over \u20ac250)<\/td><td>0,69 %<\/td><td>Can be cancelled monthly<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Additional fees for trading on Xetra: \u20ac3.99 order fees plus 0.01% trading venue fee (min. \u20ac1.50) for each transaction, regardless of the selected subscription!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">FREE BROKER: For Beginners and Occasional Traders<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The free broker model is aimed at <strong>investors who only trade rarely, only use savings plans or have no experience of the stock markets<\/strong> and want to execute their first trades. You benefit from free savings plans and can <a href=\"https:\/\/northern.finance\/en\/etf\/evaluate-etfs\/\">buy ETFs<\/a> from the providers iShares, Amundi and Xtrackers free of charge, provided the order volume is over \u20ac250.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No custody fees<\/li>\n\n\n\n<li>No fees for savings plans<\/li>\n\n\n\n<li>\u2018Prime ETFs\u2019 free of charge for order volumes of \u20ac250 or more<\/li>\n\n\n\n<li>0.99 euro order fee per purchase or sale of shares via Gettex<\/li>\n\n\n\n<li>3.99 \u20ac order fee via Xetra + trading centre fee of 0.01 % (at least 1.50 \u20ac)<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">PRIME+: The Flat Rate for Active Traders<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the PRIME+ model, Scalable Capital offers a <strong>trading flat rate<\/strong> that, in my experience, is particularly worthwhile for active traders. You pay \u20ac4.99 per month, receive all the benefits of FREE BROKERS and can also <strong>trade free of charge if the order volume exceeds \u20ac250.<\/strong> Furthermore, you receive interest of 2.5% per year on your non-invested capital.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Basic fee of \u20ac4.99 per month, monthly billing\/can be cancelled monthly<\/li>\n\n\n\n<li>All the advantages of FREE BROKER (free savings plans, premium ETFs&#8230;)<\/li>\n\n\n\n<li>No order fees when buying or selling via Gettex, if the order volume is over \u20ac250.<\/li>\n\n\n\n<li>2.5 % p.a. interest on uninvested capital<\/li>\n\n\n\n<li>Better conditions for crypto trading <\/li>\n\n\n\n<li>Additional analysis tools, more price alerts and similar goodies<\/li>\n\n\n\n<li>3.99 \u20ac order fee via Xetra plus 0.01 % trading venue fee (at least 1.50 \u20ac)<\/li>\n<\/ul>\n\n\n\n<div>\n<div class=\"wp-block-group nf-info-boxen-blau\"> \n<div class=\"wp-block-group__inner-container\"> <p class=\"nf-boxen-p-lesetipp\"><strong>Cryptocurrencies are a special case:<\/strong><\/p> \n<p class=\"nf-boxen-p\">You can also trade Bitcoin and other cryptocurrencies at Scalable Capital. An additional spread applies here: with FREE BROKER you pay 0.99%, with PRIME+ 0.69% on each order.  <\/p> \n<\/div><\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">If you have not yet gained any experience with scalability or generally <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">only trade very rarely, the &#8216;FREE BROKER&#8217; is the best option for you<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">. Here, no custody fee is charged, but each transaction with shares, derivatives and the like costs you an order fee of one euro. The offer is therefore the same as the costs of <\/font><\/font><a href=\"https:\/\/northern.finance\/en\/review\/trade-republic\/\" data-type=\"link\" data-id=\"https:\/\/northern.finance\/en\/review\/trade-republic\/\"><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">Trade Republic<\/font><\/font><\/a><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">, with which I have had similar experiences.<\/font><\/font><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">FREE BROKER is ideal for those taking their first steps; however, anyone who already has experience of Scalable and trades more frequently is likely to be more interested in <strong>PRIME+<\/strong>. The additional costs of around five euros per month are recouped after just five trades.  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">However, this requires an <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">order volume of 250 euros each<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">. To make the flat rate worthwhile, you would have to invest 1,250 euros per month or more \u2013 a sum that only a few investors are likely to reach! The <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">interest rate of currently 2.5 per cent<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">is not worth mentioning and falls into the category &#8216;better than nothing&#8217;.<\/font><\/font><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nevertheless, the <strong>PRIME+<\/strong> model can be worthwhile: <strong>additional analysis tools<\/strong> such as security comparison, portfolio analysis or shopping via \u2018Smart Predict\u2019 are available here and can create real added value. Even if you regularly trade <strong>cryptocurrencies<\/strong>, the flat rate quickly pays for itself thanks to the <strong>0.3% lower fees.<\/strong>  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>My tip<\/strong>: Take advantage of the option to change your subscription every month! This way, you can build up a new portfolio affordably with PRIME+ or invest larger sums. The following month, when there are no more trades to be made, you can switch back to the FREE model. This process can be repeated as often as you like!   <\/p>\n\n\n\n<div>\n<div class=\"wp-block-group nf-info-boxen-blau\"> \n<div class=\"wp-block-group__inner-container\"> <p class=\"nf-boxen-p-lesetipp\"><strong>Good to know: <\/strong><\/p> \n<p class=\"nf-boxen-p\">PRIME ETFs and no-fee savings plans, even if you only use the FREE BROKER. <\/p> \n<\/div><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Scalable Capital Offer Review: What You Get and When It Pays Off<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Whether <strong>Scalable Capital<\/strong> is the right <strong>online broker<\/strong> for you largely depends on your trading habits and investment goals. While the platform offers a <strong>broad selection of assets and tools<\/strong>, there are a few important limitations to be aware of. Here&#8217;s what you need to know before you start investing.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Trading Platforms: Gettex vs Xetra<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">When you open a <strong>Scalable Capital brokerage account<\/strong>, you get access to two trading venues: <strong>Gettex<\/strong> and <strong>Xetra<\/strong>. Most users will find <strong>Gettex<\/strong> to be the more attractive option &#8211; not only because of the <strong>significantly lower fees<\/strong>, but also due to the <strong>extended trading hours<\/strong> from <strong>8:00 a.m. to 10:00 p.m. on weekdays<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In contrast, <strong>Xetra<\/strong> comes with higher costs:<br><strong>\u20ac3.99 in order fees<\/strong> plus a <strong>0.01% trading venue fee<\/strong> (minimum \u20ac1.50), and trading is only available from <strong>9:00 a.m. to 5:30 p.m.<\/strong> on weekdays.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s worth noting that you can place orders outside trading hours, but they\u2019ll only be executed during the next available trading window. For most investors, <strong>Gettex serves as the default marketplace<\/strong>, while <strong>Xetra is more of a specialist option<\/strong>, useful in unique scenarios.<\/p>\n\n\n\n<div>\n<div class=\"wp-block-group nf-info-boxen-blau\"> \n<div class=\"wp-block-group__inner-container\"> <p class=\"nf-boxen-p-lesetipp\"><strong>Attention!<\/strong><\/p> \n<p class=\"nf-boxen-p\">For each order via Xetra, Scalable Capital charges trading venue fees of 0.01%, but at least 1.50 euros! These are independent of the selected subscription! <\/p> \n<\/div><\/div><\/div>\n\n\n\n<h4 class=\"wp-block-heading\">Investment Product Range: Solid, Not Overwhelming<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">So, what exactly can you trade on these platforms? Scalable Capital offers access to a wide variety of <strong>investment products<\/strong>, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>7,500+ stocks<\/strong><\/li>\n\n\n\n<li><strong>2,500+ ETFs<\/strong><\/li>\n\n\n\n<li><strong>375,000+ derivatives<\/strong><\/li>\n\n\n\n<li><strong>Currency trading via ETPs<\/strong><\/li>\n\n\n\n<li><strong>Commodity ETPs<\/strong><\/li>\n\n\n\n<li><strong>14 cryptocurrencies via ETP<\/strong><\/li>\n\n\n\n<li><strong>3,000+ mutual funds<\/strong><\/li>\n\n\n\n<li><strong>One step-up bond<\/strong> (with more expected soon)<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">The selection of <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">shares and ETFs<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\"> forms the core of Scalable&#8217;s offering, and while it may not be the largest on the market, it&#8217;s <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">more than sufficient for most long-term investors<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\"> or those using <\/font><\/font><strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">ETF savings plans<\/font><\/font><\/strong><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\"> .<\/font><\/font><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you&#8217;re aiming for exotic assets or complex strategies, however, the range might feel limiting. In that case, <strong>premium brokers<\/strong> like CapTrader could be considered &#8211; though they come with <strong>higher fees<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That said, for everyday investing and building a diversified portfolio, Scalable\u2019s range is <strong>practical and reliable<\/strong>.e figure. A wide range of certificates and warrants are available, enabling many different strategies. Active traders can achieve excellent results by combining derivatives with the low-priced trading flat rate!<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"1024\" height=\"609\" src=\"https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/certificates_and_warrantes_scalalble_capital.webp\" alt=\"Various warrants and certificates allow for different strategies. These offers are specifically aimed at traders who have already gained experience with active trading.\" class=\"wp-image-292366\" style=\"width:780px;height:auto\" srcset=\"https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/certificates_and_warrantes_scalalble_capital.webp 1024w, https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/certificates_and_warrantes_scalalble_capital-300x178.webp 300w, https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/certificates_and_warrantes_scalalble_capital-768x457.webp 768w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Various warrants and certificates allow for different strategies. These offers are specifically aimed at traders who have already gained experience with active trading.<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">When it comes to <strong>cryptocurrencies<\/strong>, <strong>commodities<\/strong>, and <strong>FOREX<\/strong>, Scalable takes a slightly different approach. Instead of trading these assets directly, you\u2019ll invest via <strong>ETPs (Exchange Traded Products)<\/strong> &#8211; instruments that are structured similarly to ETFs but focus on <strong>a single underlying asset<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, when you invest in a <strong>Bitcoin ETP<\/strong>, you\u2019re not actually buying Bitcoin itself. Rather, you\u2019re purchasing a share of a fund that tracks Bitcoin\u2019s price. That means you <strong>cannot transfer Bitcoin to your private wallet<\/strong>, as you don&#8217;t directly own the asset &#8211; just the ETP.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This setup may be seen as a <strong>drawback by crypto purists<\/strong>, but it offers several advantages. <strong>ETPs are regulated<\/strong>, making them <strong>safer and easier to handle<\/strong> for less experienced investors. Plus, by trading them through <strong>a regulated broker like Scalable Capital<\/strong>, you benefit from a high level of transparency and security.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For many users, this structure strikes the right balance between <strong>accessibility and control<\/strong> &#8211; especially if you&#8217;re looking for <strong>long-term exposure<\/strong> rather than short-term speculation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">How Safe Is Scalable Capital? Risks, Regulation &amp; Reliability<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">When it comes to entrusting a company with your <strong>hard-earned money<\/strong>, safety is essential. Whether you&#8217;re buying <strong>shares<\/strong>, setting up <strong>ETF<a href=\"https:\/\/northern.finance\/en\/learn-how-to-invest\/investing-for-beginners\/\"> savings plans<\/a><\/strong>, or using the <strong>robo-advisor<\/strong> offered by Scalable Capital, you want to feel confident your investments are in reliable hands.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In terms of security, <strong>Scalable Capital<\/strong> is well positioned. The Munich-based company is regulated by <strong>BaFin<\/strong> (the German Federal Financial Supervisory Authority), a financial regulator with a <strong>solid international reputation<\/strong> despite past scandals like Wirecard. Choosing a broker based in <strong>Germany provides an added layer of investor protection<\/strong>, thanks to strict compliance standards and legal safeguards.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A further plus is that all securities are held in custody by <strong>Baader Bank<\/strong>. This setup ensures that, even in the event of bankruptcy &#8211; whether it\u2019s Scalable Capital or Baader Bank &#8211; your <strong>investments remain protected and cannot be accessed by creditors<\/strong>. Additionally, your <strong>uninvested cash is insured up to \u20ac100,000<\/strong>, covered by the <strong>German Banks&#8217; Compensation Scheme<\/strong>, which follows EU-wide regulatory norms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Another signal of credibility is the backing from prominent investors. <strong>Scalable Capital is supported by major global players<\/strong> such as <strong>BlackRock<\/strong>, <strong>HV Capital<\/strong>, <strong>Tencent<\/strong>, and <strong>Tengelmann Ventures<\/strong>. Their involvement speaks volumes about the company\u2019s <strong>financial health and long-term vision<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That said, Scalable Capital&#8217;s record isn\u2019t spotless. In <strong>2020, the platform suffered a data breach<\/strong>, affecting the personal data of at least <strong>23,000 customers<\/strong>. Sensitive information was accessed, though thankfully, <strong>no passwords or financial assets were compromised<\/strong>, and no monetary losses occurred. The company responded with <strong>transparency and responsible communication<\/strong>, which helped limit the reputational damage.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Still, the incident remains a concern for some investors, particularly those with a strong focus on <strong>data privacy and digital security<\/strong>. It\u2019s a reminder that, like all online platforms, even regulated brokers are exposed to <strong>cyber risks<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Overall, Scalable Capital stands out as a secure and regulated broker<\/strong>, backed by institutional trust and operating under robust legal frameworks. While past data issues should be acknowledged, the platform offers a <strong>high level of protection for both invested and uninvested funds<\/strong>, making it a <strong>solid option for long-term investors<\/strong> who value both convenience and oversight.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Understanding Taxes with Scalable Capital<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">One of the <strong>convenient advantages<\/strong> of using <strong>Scalable Capital<\/strong> is its <strong>tax-friendly structure<\/strong> for residents in Germany. Since the platform is a <strong>German-regulated broker<\/strong>, <strong>capital gains tax (Abgeltungssteuer)<\/strong> is <strong>automatically deducted and forwarded<\/strong> to the tax authorities.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For most investors, this means that <strong>your tax obligations are already taken care of<\/strong> &#8211; there&#8217;s <strong>no need to file a separate report<\/strong> with the Finanzamt for your capital gains.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you want to reduce your tax burden further, you can easily <strong>submit a Freistellungsauftrag (exemption order)<\/strong> or a <strong>Nichtveranlagungsbescheinigung (non-assessment certificate)<\/strong> directly in your account settings. It only takes a few clicks and can help you stay within your <strong>tax-free allowance<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Need a <strong>tax certificate<\/strong> for your records or for filing your annual return anyway? No problem. Since your portfolio is held by <strong>Baader Bank<\/strong>, they\u2019ll provide a <strong>clear and detailed tax certificate<\/strong> upon request &#8211; making tax season that much easier.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Scalable Capital makes tax handling seamless<\/strong>, especially for those who prefer a <strong>hands-off, automated investing experience<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Scalable&#8217;s practical experience: this is how you invest<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. Registration and verification<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">Your investment in Scalable Capital starts as soon as you sign up. Click on the banner to get additional<\/font><\/font><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To get started with <strong>Scalable Capital<\/strong>, the first step is a <strong>quick and easy <a href=\"https:\/\/northern.finance\/en\/bonus\/scalable-capital-bonus\/\">registration process<\/a><\/strong>. Simply enter your <strong>email address<\/strong>, and within seconds you\u2019ll receive a <strong>confirmation email<\/strong> to activate your account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Once confirmed, you\u2019ll be prompted to <strong>choose a subscription plan<\/strong>. If you\u2019re new to the platform, I recommend starting with the <strong>FREE BROKER<\/strong> &#8211; it\u2019s ideal for beginners and requires no monthly fees. However, if you already know your strategy and want to unlock more features, one of the <strong>paid plans<\/strong> might be worth exploring from the start.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Next, enter your <strong>personal details<\/strong>, including your <strong>name, address, nationality, date of birth<\/strong>, and <strong>mobile phone number<\/strong>. You\u2019ll also create a <strong>secure password<\/strong> for your account. One step that might seem unusual is the request for your <strong>bank account details<\/strong>. Don\u2019t worry &#8211; this is only for your <strong>first deposit<\/strong>, which is processed via <strong>SEPA direct debit<\/strong> and can be set to any amount you choose.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This bank connection also serves as a way to <strong>verify your account<\/strong>. Later on, if you set up a <strong>savings plan for <a href=\"https:\/\/northern.finance\/en\/etf\/etfs-vs-funds-difference-use\/\">shares or ETFs<\/a><\/strong>, the monthly contributions will be automatically withdrawn from this linked account. It\u2019s a <strong>hands-off setup<\/strong> that ensures your investments continue seamlessly.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To finalize your registration, you\u2019ll need to <strong>verify your identity<\/strong>, as required by German financial regulations. This is usually done via a <strong>video identification process<\/strong> where you show your ID to the camera and follow a few simple steps. For me, this only took a few seconds &#8211; a smooth experience that added to my overall satisfaction with Scalable.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you prefer not to use video verification, there\u2019s also the option to complete the process via <strong>POSTIDENT<\/strong>. This involves visiting a post office with your ID document. It\u2019s a bit more time-consuming, but a reliable alternative if <strong>Video-Ident<\/strong> isn\u2019t convenient for you.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. Deposit and invest<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Once your <strong>Scalable Capital account<\/strong> is set up, it\u2019s time to <strong>deposit funds<\/strong> and prepare for your first investment. If you\u2019ve already made an initial deposit during registration for account verification, you can skip this step &#8211; or come back to it later when you&#8217;re ready to invest.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To add funds, simply go to the <strong>\u2018Payments\u2019<\/strong> section in your <strong>Scalable Capital app<\/strong> or through the <strong>web platform<\/strong>. You\u2019ll have two funding options:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>SEPA direct debit<\/strong><\/li>\n\n\n\n<li><strong>Manual bank transfer<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">While both are easy to use, I recommend making an <strong>active transfer<\/strong> &#8211; it\u2019s typically quicker and gives you more control over the process. Keep in mind that it may still take <strong>up to two business days<\/strong> for your funds to become available.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your <strong>personal IBAN<\/strong> is visible in your account dashboard. Once your bank transfer arrives, the funds are <strong>instantly credited<\/strong> to your <strong>securities account<\/strong> and ready for investing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Buying your first stock, ETF, or setting up a savings plan is refreshingly straightforward. Simply type the name of the asset in the <strong>search bar<\/strong> &#8211; or use the <strong>ISIN<\/strong> for precision. When you find the right security, you\u2019ll see a basic overview with key data and prices. However, this info is often limited.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For a more detailed view, click through to the <strong>product data sheet<\/strong>. I highly recommend reviewing it carefully before purchasing. It\u2019s the only way to ensure you&#8217;re making an informed decision &#8211; especially if you&#8217;re new to investing or evaluating new assets.<\/p>\n\n\n\n<div>\n<div class=\"wp-block-group nf-info-boxen-blau\"> \n<div class=\"wp-block-group__inner-container\"> <p class=\"nf-boxen-p-lesetipp\"><strong>Attention!<\/strong><\/p> \n<p class=\"nf-boxen-p\">Scalable Capital provides only a little information about the individual shares and ETFs in its app. You should therefore always follow the external link and check the key data of the security to avoid confusion and bad buys!  <\/p> \n<\/div><\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">To make your purchase, just click on <strong>\u2018Buy\u2019<\/strong> &#8211; simple as that! If you&#8217;re interested in automating your investments, use the <strong>\u2018Set up savings plan\u2019<\/strong> button instead. This feature allows you to <strong>invest regularly and effortlessly<\/strong>, helping you build long-term wealth with consistency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you&#8217;re using the <strong>Scalable Capital mobile platform<\/strong> or desktop version, the process is <strong>smooth, intuitive, and beginner-friendly<\/strong> &#8211; making it one of the highlights of the overall <strong>Scalable Capital user experience<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. Sale and payment<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Selling assets with <strong>Scalable Capital<\/strong> is just as intuitive as buying them. Simply <strong>select the asset<\/strong> from your portfolio, <strong>open it<\/strong>, and click <strong>\u2018Sell\u2019<\/strong>. Once the transaction is complete, the money is <strong>immediately available<\/strong> in your account and can be reinvested right away.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of course, if you prefer to <strong>withdraw your funds<\/strong>, that\u2019s easy too. Just head to the <strong>customer area<\/strong> in your <strong>Scalable Capital app<\/strong> or via browser &#8211; the same place where you made your deposit. With a few simple clicks, you can <strong>initiate a free withdrawal<\/strong>. The process is quick and seamless, though in some cases, it may take <strong>up to two business days<\/strong> for the money to reach your bank account.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Alternatively, you can choose to <strong>leave the funds in euro form<\/strong> within your securities account. This is especially smart during <strong>market downturns<\/strong>, when you&#8217;re waiting for a better entry point before reinvesting.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And here\u2019s a real bonus: <strong>Scalable Capital does not charge negative interest<\/strong> on your uninvested cash &#8211; a rare and welcome feature that gives you the flexibility to <strong>pause and plan<\/strong> without penalties.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you&#8217;re managing your portfolio through the <strong>Scalable Capital mobile platform<\/strong> or the web version, the process of selling and withdrawing is a testament to the platform\u2019s <strong>user-friendly experience<\/strong> &#8211; making it ideal for both new and seasoned investors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Scalable Capital Review Summary: Key Pros and Cons<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">My overall <strong>experience with Scalable Capital<\/strong> has been very positive &#8211; though it\u2019s important to note that this depends on how you use the platform. I\u2019ve worked extensively with both the <strong>FREE BROKER<\/strong> and the <strong>PRIME+<\/strong> models, and each serves a different type of investor well.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They\u2019re designed for distinct user needs, and both offer <strong>real value depending on your strategy<\/strong>. Here\u2019s a breakdown of the <strong>key advantages and disadvantages<\/strong> I\u2019ve found during my time on the platform.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Advantages<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>No custody fees<\/strong> for your securities account, which is securely managed by <strong>Baader Bank<\/strong>, a German institution that also provides <strong>deposit protection up to \u20ac100,000<\/strong>.<\/li>\n\n\n\n<li>The <strong>Scalable Capital app<\/strong> is incredibly intuitive, yet packed with <strong>professional tools<\/strong>. Features like <strong>price alerts<\/strong> and <strong>time-based tracking<\/strong> make portfolio management smarter and more efficient.<\/li>\n\n\n\n<li><strong>Deposits and withdrawals are fast, free, and user-friendly<\/strong>, especially with <strong>real-time SEPA transfers<\/strong>.<\/li>\n\n\n\n<li><strong>Trading costs are impressively low<\/strong> under the PRIME+ model, making it ideal for frequent investors.<\/li>\n\n\n\n<li>The <strong>FREE BROKER<\/strong> option is great for those who invest occasionally or stick to <strong>ETF savings plans<\/strong>.<\/li>\n\n\n\n<li><strong>Savings plans are commission-free<\/strong>, and you can start investing with <strong>just \u20ac1 per month<\/strong> &#8211; a feature that puts most competitors to shame.<\/li>\n\n\n\n<li><strong>Scalable Capital is a regulated German company<\/strong> with a strong reputation and a solid infrastructure &#8211; something that offers real peace of mind.<\/li>\n\n\n\n<li>With <strong>PRIME+<\/strong>, crypto trading fees are reduced to <strong>just 0.69%<\/strong>, which makes the <strong>flat-rate model cost-effective<\/strong> for those trading digital assets.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Disadvantages<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>limited choice of trading venues<\/strong> can lead to <strong>less competitive pricing<\/strong>, especially for <strong>foreign stocks<\/strong>. A broader selection would be welcome.<\/li>\n\n\n\n<li><strong>Trading via Xetra costs \u20ac3.90 + trading venue fees<\/strong>, which can feel steep if you&#8217;re not taking advantage of the flat rate.<\/li>\n\n\n\n<li>The <strong>PRIME+ flat rate only applies to trades over \u20ac250<\/strong>. For smaller orders, the <strong>\u20ac0.99 fee<\/strong> still applies, which reduces the benefit of unlimited trading.<\/li>\n\n\n\n<li>The <strong>fee structure is slightly more complex<\/strong> than with other online brokers. You\u2019ll need to have a clear idea of your trading volume to determine if it\u2019s cost-effective for you.<\/li>\n\n\n\n<li>Lastly, <strong>customer service is a mixed bag<\/strong>. My own experiences have been fine &#8211; not outstanding, but acceptable. Like many neobrokers, <strong>support isn\u2019t their strongest point<\/strong>, so I\u2019d rate it as neutral.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Scalable Capital offers a powerful combination of low fees, great tools, and strong regulation<\/strong>, making it a solid choice for both beginners and more active investors. Just be sure to choose the right pricing model for your strategy to make the most of its features.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion: a low-cost broker with its own niche<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Scalable Capital has proven itself as one of the most forward-thinking brokers on the German market.<\/strong> Its transparent subscription model, powerful investment platform, and wide product offering make it a compelling choice for both beginners and experienced investors. Whether you&#8217;re interested in <a href=\"https:\/\/northern.finance\/en\/etf\/gold-etf-tax-free\/\">ETFs<\/a>, stocks, or even crypto, the platform offers efficient, low-cost access to the markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>flat-rate pricing is particularly attractive<\/strong> if you place trades regularly or work with larger investment volumes. Even occasional traders can benefit from its simplicity and savings compared to traditional fee structures. Meanwhile, the <strong>FREE Broker model is ideal for long-term investors<\/strong> who focus on savings plans or a buy-and-hold approach.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Of course, it\u2019s not without limitations &#8211; <strong>the restricted number of trading venues<\/strong> and the additional Xetra fees are worth noting. Also, keep in mind that for trade volumes under \u20ac250, the \u20ac0.99 per order still applies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Still, as this scalable capital review shows, the advantages far outweigh the drawbacks.<\/strong> From the intuitive app to the huge product selection, Scalable Capital combines innovation with investor-friendly pricing. If you&#8217;re looking for a modern broker that grows with your financial journey, this could be the platform for you.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">For more insight into the broker market, you should also take a look at my other reports on <\/font><\/font><a href=\"https:\/\/northern.finance\/en\/review\/freedom24\/\"><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">Freedom24 experiences<\/font><\/font><\/a><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\"> , JustTrade experiences, <\/font><\/font><a href=\"https:\/\/northern.finance\/en\/review\/trade-republic\/\"><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\">Trade Republic experiences<\/font><\/font><\/a><font style=\"vertical-align: inherit;\"><font style=\"vertical-align: inherit;\"> and of course my broker comparison.<\/font><\/font><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">FAQ &#8211; Frequently asked questions about Scalable Capital Broker<\/h3>\n\n\n<div class=\"wp-block-uagb-faq uagb-faq__outer-wrap uagb-block-b0e1d0c7 uagb-faq-icon-row uagb-faq-layout-accordion uagb-faq-expand-first-true uagb-faq-inactive-other-true uagb-faq__wrap uagb-buttons-layout-wrap uagb-faq-equal-height     \" data-faqtoggle=\"true\" role=\"tablist\"><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-168c0255 wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-168c0255\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\"><strong>How much does Scalable Capital cost?<\/strong><\/span><\/div><div class=\"uagb-faq-content\"><p>With the scalable capital broker, you pay a \u20ac0.99 order fee or nothing if you have booked the flat rate. ETFs are currently completely free of charge. The alternative trading centre Xetra incurs higher costs: here, an order fee of \u20ac3.99 plus a trading centre fee of 0.01%, but at least \u20ac1.50, is charged. You should therefore trade via gettex if possible.    <\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-25220666 wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-25220666\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\"><strong>How safe is my money at Scalable Capital?<\/strong><\/span><\/div><div class=\"uagb-faq-content\"><p>Both deposits and securities are safe with Scalable Capital. The contents of your portfolio cannot be touched even in the event of insolvency of Scalable or the responsible Baader Bank. Your other deposits (euros) are insured up to \u20ac100,000.   <br><br>Data protection is always a problem for neo-brokers; Scalable Capital has also been hacked and sensitive customer data stolen. However, customer assets or passwords were not affected, which speaks in favour of the company&#8217;s security precautions.  <\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-324a10e0 wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-324a10e0\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\"><strong>Which bank is behind Scalable Capital?<\/strong><\/span><\/div><div class=\"uagb-faq-content\"><p>Scalable Capital Bank is actually Baader Bank. It is responsible for managing the investors&#8217; capital and securities accounts. Scalable Capital is only responsible for brokering\/processing trades and the user interface. This means that your capital is better protected because you are entrusting it to a \u201ctraditional\u201d, regulated German bank. The deposit protection of up to \u20ac100,000 is also based on this fact.     <\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-cd0ff2f1 wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-cd0ff2f1\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\"><strong>Scalable Capital vs Trade Republic \u2013 which is better?<\/strong><\/span><\/div><div class=\"uagb-faq-content\"><p>Both brokers offer extremely favourable conditions. However, those who trade regularly have lower Scalable Capital costs thanks to the flat rate. The range of offers is also almost twice as large as at Trade Republic. If in doubt, however, it depends on your personal strategy and the specific securities you want to trade. You can find a detailed analysis in our \u2018Scalable Capital vs. Trade Republic\u2019 report.     <\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-b448ae05 wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-b448ae05\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\"><strong>How long does it take for Scalable Capital to deposit\/withdraw funds?<\/strong><\/span><\/div><div class=\"uagb-faq-content\"><p>The scalable capital deposit works quite quickly. Often, your capital will arrive at the broker from your checking account in just a few minutes. In other cases, it can take up to two business days. Payouts are just as fast.    <\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-c1d5b78b wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-c1d5b78b\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\"><strong>What happens if Scalable Capital goes bust?<\/strong><\/span><\/div><div class=\"uagb-faq-content\"><p>If things go badly for Scalable Capital and there is a risk of insolvency, investors&#8217; portfolios are safe. Neither the company itself nor Baader Bank, where the portfolio is held, can confiscate, sell or otherwise deprive you of your securities. Your euro capital is also protected up to 100,000 euros.   <\/p><\/div><\/div><div class=\"wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-2e192c6d wp-block-uagb-faq-child uagb-faq-child__outer-wrap uagb-faq-item uagb-block-2e192c6d\" role=\"tab\" tabindex=\"0\"><div class=\"uagb-faq-questions-button uagb-faq-questions\">\t\t\t<span class=\"uagb-icon uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M432 256c0 17.69-14.33 32.01-32 32.01H256v144c0 17.69-14.33 31.99-32 31.99s-32-14.3-32-31.99v-144H48c-17.67 0-32-14.32-32-32.01s14.33-31.99 32-31.99H192v-144c0-17.69 14.33-32.01 32-32.01s32 14.32 32 32.01v144h144C417.7 224 432 238.3 432 256z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<span class=\"uagb-icon-active uagb-faq-icon-wrap\">\n\t\t\t\t\t\t\t\t<svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox= \"0 0 448 512\"><path d=\"M400 288h-352c-17.69 0-32-14.32-32-32.01s14.31-31.99 32-31.99h352c17.69 0 32 14.3 32 31.99S417.7 288 400 288z\"><\/path><\/svg>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t<span class=\"uagb-question\"><strong>Scalable Capital Taxes \u2013 how does the tax return work?<\/strong><\/span><\/div><div class=\"uagb-faq-content\"><p>Scalable Capital Tax, i.e. capital gains tax, is automatically paid to the tax office. Most investors therefore do not have to do anything. However, in special cases, a tax certificate can also be issued. Exemption orders and non-assessment certificates are also accepted.   <\/p><\/div><\/div><\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scalable Capital is making waves in the investment world with its unique subscription-based model and smart robo-advisor. As a Munich-based fintech, it&#8217;s been steadily gaining popularity &#8211; and with good reason. Many users report a seamless experience, a modern interface, and surprisingly low costs. Whether you&#8217;re a beginner or a seasoned investor, this scalable capital [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":292379,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_uag_custom_page_level_css":"","footnotes":""},"categories":[1017],"tags":[],"class_list":["post-278009","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-review"],"acf":[],"uagb_featured_image_src":{"full":["https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/Thumbnail-EN-4.png",1280,720,false],"thumbnail":["https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/Thumbnail-EN-4-150x150.png",150,150,true],"medium":["https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/Thumbnail-EN-4-300x169.png",300,169,true],"medium_large":["https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/Thumbnail-EN-4-768x432.png",768,432,true],"large":["https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/Thumbnail-EN-4-1024x576.png",1024,576,true],"1536x1536":["https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/Thumbnail-EN-4.png",1280,720,false],"2048x2048":["https:\/\/northern.finance\/wp-content\/uploads\/2024\/08\/Thumbnail-EN-4.png",1280,720,false]},"uagb_author_info":{"display_name":"Aleks Bleck","author_link":"https:\/\/northern.finance\/en\/author\/aleks\/"},"uagb_comment_info":0,"uagb_excerpt":"Scalable Capital is making waves in the investment world with its unique subscription-based model and smart robo-advisor. As a Munich-based fintech, it&#8217;s been steadily gaining popularity &#8211; and with good reason. Many users report a seamless experience, a modern interface, and surprisingly low costs. Whether you&#8217;re a beginner or a seasoned investor, this scalable capital&hellip;","permalink_manager":null,"_links":{"self":[{"href":"https:\/\/northern.finance\/en\/wp-json\/wp\/v2\/posts\/278009","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northern.finance\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/northern.finance\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/northern.finance\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/northern.finance\/en\/wp-json\/wp\/v2\/comments?post=278009"}],"version-history":[{"count":24,"href":"https:\/\/northern.finance\/en\/wp-json\/wp\/v2\/posts\/278009\/revisions"}],"predecessor-version":[{"id":340664,"href":"https:\/\/northern.finance\/en\/wp-json\/wp\/v2\/posts\/278009\/revisions\/340664"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/northern.finance\/en\/wp-json\/wp\/v2\/media\/292379"}],"wp:attachment":[{"href":"https:\/\/northern.finance\/en\/wp-json\/wp\/v2\/media?parent=278009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northern.finance\/en\/wp-json\/wp\/v2\/categories?post=278009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northern.finance\/en\/wp-json\/wp\/v2\/tags?post=278009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}