Scalable Capital Review

Passive ETF and savings plan investors

BaFin Deutsche Bundesbank

Founded 2014 · Germany

Why investors choose this broker

No account or custody fees
No inactivity fee
All savings plans execute for free from EUR 1 per month
PRIME+ plan offers commission-free trades for orders of EUR 250 or more, at EUR 4.99 per month

Review summary

Scalable Capital is a German neobroker and robo-advisor offering stocks, ETFs, funds, bonds, crypto ETPs and automated savings plans on a low-cost subscription model.

Pros

No account or custody fees
No inactivity fee
All savings plans execute for free from EUR 1 per month
PRIME+ plan offers commission-free trades for orders of EUR 250 or more, at EUR 4.99 per month
Robo-advisor service available alongside self-directed brokerage
Full banking licence with BaFin and Deutsche Bundesbank supervision
PRIME+ provides enhanced deposit protection of up to 5 x EUR 100,000 across multiple partner banks

Cons

No demo account
EUR 0.99 per trade on FREE plan can add up for frequent traders
Xetra trades cost EUR 3.99 plus a venue fee on all plans
Crypto ETP spread surcharge of 0.99% applies on FREE plan
Limited advanced charting and analysis tools
Instant deposit fee of 0.99% applies on FREE plan for amounts up to EUR 5,000
Robo-advisor charges 0.75% p.a. AUM fee

Company background

Scalable Capital was founded in Munich, Germany in 2014 by Erik Podzuweit, Florian Prucker, Adam French and Prof. Dr. Stefan Mittnik. The company launched its robo-advisor service in 2016 and expanded into self-directed brokerage in 2020. In September 2025, Scalable Capital Bank AG received a full banking licence from the ECB and now operates as a CRR credit institution supervised by BaFin and the Deutsche Bundesbank. The platform serves over one million customers across Germany and several other European markets.

Fees and pricing

Scalable Capital offers two broker plans. The FREE plan has no monthly fee and charges EUR 0.99 per trade on gettex and European Investor Exchange. Eligible PRIME ETFs (Amundi, iShares, Vanguard, Xtrackers) in orders of EUR 250 or more are commission-free on the FREE plan. The PRIME+ plan costs EUR 4.99 per month and makes all trades free for orders of EUR 250 or more; orders below EUR 250 cost EUR 0.99. Xetra orders cost EUR 3.99 plus a 0.01% venue fee on all plans.

All savings plans execute for free on both plans and can start from EUR 1 per month. Crypto ETP trades carry a spread surcharge of 0.99% on FREE and 0.69% on PRIME+. SEPA deposits are free; instant deposits up to EUR 5,000 cost 0.99% on FREE or 0.69% on PRIME+. Withdrawals are free and there is no inactivity fee. The robo-advisor service charges 0.75% p.a. on assets under management.

Regulation and safety

Scalable Capital Bank AG is supervised by BaFin and the Deutsche Bundesbank as a CRR credit institution. Client cash is covered under the German deposit guarantee scheme up to EUR 100,000 per bank. PRIME+ users receive enhanced protection of up to 5 x EUR 100,000 across multiple partner banks. Client securities are held as segregated assets separate from Scalable Capital's own balance sheet.

Platform experience

Scalable Capital offers a web platform and mobile apps for iOS and Android. The platform supports market, limit, stop and stop-limit orders valid for up to 360 days. Automated savings plans, watchlists and portfolio monitoring are available on both plans. PRIME+ adds the Insights analytics module, Smart Predict for limit order probability, unlimited price alerts and a securities comparison tool. No demo account is available. Trading hours on gettex and European Investor Exchange run Monday to Friday from 07:30 to 23:00.

Pros and cons

Scalable Capital's main strengths are free savings plans on all plans, no account maintenance or inactivity fees, and a combined broker and robo-advisor offering. The PRIME+ flat rate suits investors who trade regularly or want enhanced deposit protection across multiple partner banks. Key drawbacks include the EUR 0.99 per-trade fee on the FREE plan for non-eligible assets, Xetra fees on all plans, a crypto ETP spread surcharge, no demo account and limited advanced charting tools.

Ready to open an account at Scalable Capital?

Open an account directly with the broker. Confirm current fees and account eligibility on the broker's website before depositing.

Open Account

Your capital is at risk. Other fees apply.

Trading fees & commissions

The FREE plan charges EUR 0.99 per trade on gettex and European Investor Exchange; the PRIME+ plan costs EUR 4.99 per month and provides commission-free trades on orders of EUR 250 or more. All savings plans execute for free on both plans.

Fees

Item	Fee
Funds	No issue surcharge on funds
Xetra	EUR 3.99 per trade plus 0.01% venue fee (min EUR 1.50) on all plans
Crypto	Crypto ETP spread surcharge: 0.99% FREE / 0.69% PRIME+ per order
Account	FREE plan: no monthly fee; PRIME+ plan: EUR 4.99 per month
Deposit	SEPA bank transfer: free; Instant deposit (up to EUR 5,000): 0.99% FREE / 0.69% PRIME+
Inactivity	No inactivity fee
Withdrawal	Free
Savings Plans	Free on all broker plans regardless of asset type
Wealth Management	0.75% p.a. of assets under management for the robo-advisor service

Trading platform & features

Platforms

Scalable Broker Web
iOS app
Android app

Regulation and investor protection

Scalable Capital Bank AG holds a full banking licence and operates as a CRR credit institution supervised by BaFin and the Deutsche Bundesbank. Client deposits are covered under the German deposit guarantee scheme up to EUR 100,000 per bank.

Broker FAQs

Is Scalable Capital safe?

Scalable Capital Bank AG is supervised by BaFin and the Deutsche Bundesbank as a fully licensed CRR credit institution. Client cash deposits are covered under the German deposit guarantee scheme up to EUR 100,000 per bank, and client securities are held as segregated assets.

Is Scalable Capital a scam?

No. Scalable Capital Bank AG holds a full banking licence authorised by the ECB and is regulated by BaFin and the Deutsche Bundesbank. It manages assets for over one million customers.

Is Scalable Capital regulated and by whom?

Yes. Scalable Capital Bank AG is regulated by BaFin and the Deutsche Bundesbank as a CRR credit institution following the grant of a full banking licence by the ECB in September 2025.

Does Scalable Capital keep client funds in segregated accounts?

Client securities are held as segregated assets and do not form part of Scalable Capital's insolvency estate. Client cash deposits are covered under the German deposit guarantee scheme up to EUR 100,000 per bank.

What happens to my money if Scalable Capital goes bankrupt?

Securities are held as segregated client assets separate from Scalable Capital's own assets. Cash deposits are protected under the German deposit guarantee scheme up to EUR 100,000 per bank. PRIME+ users have enhanced protection of up to 5 x EUR 100,000 across multiple partner banks.

What products does Scalable Capital offer?

Scalable Capital offers stocks, ETFs, funds, bonds, crypto ETPs, derivatives, commodities and private equity products via its self-directed broker. It also provides a robo-advisor wealth management service and automated savings plans from EUR 1 per month.

Does Scalable Capital offer ETF savings plans?

Yes. Scalable Capital offers automated ETF savings plans that execute for free on both the FREE and PRIME+ plans. Plans can be set up from EUR 1 per month.

Does Scalable Capital offer a robo-advisor?

Yes. Scalable Capital operates a robo-advisor wealth management service that builds and manages a diversified ETF portfolio based on the user's risk tolerance, with automatic rebalancing. It charges 0.75% p.a. on assets under management.

Does Scalable Capital offer crypto?

Yes. Scalable Capital offers crypto ETPs including Bitcoin and Ethereum. A spread surcharge of 0.99% applies on the FREE plan and 0.69% on PRIME+ per trade or savings plan execution.

Can I buy fractional shares on Scalable Capital?

Scalable Capital supports savings plans starting from EUR 1 per month, which allows fractional investment in ETFs and stocks. Single-order fractional share purchases depend on the specific product and exchange.

What does Scalable Capital charge for stock trades?

On the FREE plan, stocks cost EUR 0.99 per trade on gettex and European Investor Exchange. On the PRIME+ plan, stock trades are free for orders of EUR 250 or more and cost EUR 0.99 for orders below EUR 250. Xetra stock trades cost EUR 3.99 plus a 0.01% venue fee on all plans.

What does Scalable Capital charge for ETF trades?

On the FREE plan, most ETF trades cost EUR 0.99. Eligible PRIME ETFs (Amundi, iShares, Vanguard, Xtrackers) purchased for EUR 250 or more are commission-free. On PRIME+, ETF trades are free for orders of EUR 250 or more.

What does Scalable Capital charge for savings plans?

All savings plans - covering ETFs, stocks, funds and crypto ETPs - execute for free on both the FREE and PRIME+ plans. A crypto ETP spread surcharge still applies.

Is there a withdrawal fee at Scalable Capital?

No. Withdrawals at Scalable Capital are free.

Does Scalable Capital charge a deposit fee?

Standard SEPA bank transfers are free. Instant deposits up to EUR 5,000 carry a fee of 0.99% on the FREE plan and 0.69% on the PRIME+ plan. Instant deposits above EUR 5,000 are not subject to this fee.

Does Scalable Capital charge an inactivity fee?

No. Scalable Capital does not charge an inactivity fee.

Does Scalable Capital have a demo account?

No. Scalable Capital does not offer a demo account.

Does Scalable Capital have a mobile app?

Yes. Scalable Capital provides iOS and Android apps available on the App Store and Google Play.

Is Scalable Capital good for beginners?

Scalable Capital is accessible to beginners due to its low minimum investment of EUR 1 for savings plans, free savings plan executions, and a simple mobile-first interface. However, it does not offer a demo account for practice before committing funds.

Is Scalable Capital good for long-term investing?

Scalable Capital is well-suited to long-term, passive investing. Its free savings plans, wide ETF range, automated robo-advisor service, and absence of account or inactivity fees make it a competitive option for buy-and-hold investors.

Bottom line

Scalable Capital suits users who want a low-cost, EU-regulated platform for passive ETF investing, automated savings plans or a robo-advisor service with no account maintenance fees. It may not suit users who require advanced charting tools, a demo account, or frequent trading on exchanges outside gettex and European Investor Exchange without incurring per-trade or venue fees.

Scalable Capital

Passive ETF and savings plan investors

Open Account

Your capital is at risk. Other fees apply.