Scalable Capital – Broker Account

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As a part of its mission statement, Scalable Capital uses modern technology to make investments better.  The company offers a systematic and automated process called Robo-Advisors. The service provides professional asset management and protects users from making suboptimal investment decisions. The automation process has several other benefits to investors. They include increased efficiency, improved user interaction, reduced fees, and transparency.

• Scalable Capital has a team of 230 employees that combines extensive knowledge of the Capital market and the financial industry with years of research experience in risk modeling, knowhow on digital business, technical and legal knowledge.
• The intuitive user interface makes securities trading easy and convenient.
• Scalable Capital offers two various models of asset management; a financial investment with dynamic risk management and sustainable investment.
• Enjoy easy deposits and withdrawals.

How to Sign-Up

The following steps elaborate on the sign-up process.

1. Click the “sign-up” or “open a depot” button and verify your email address.
2. Choose the account type or broker plan.
3. Enter personal information and deposit your first investment amount.
4. Conduct the postident verification process for identification.

Scalable Capital offers three different plans; free broker depot, prime broker depot, and prime broker flex depot.

Pricing and Fees

Scalable Capital uses a transparent fee structure that is openly available on its official website. Besides, the company helps investors to save while trading. The savings plan consists of zero euro fees for executing all equity, crypto, and ETF and offers full flexibility in determining savings rates, execution days, and savings intervals.

Free Broker Depot

• ETFs with no order fees.
• Shares at €0.99 order fees.
• The savings plan costs €0.00 per month

Prime Broker Depot

• Zero order fees for ETFs
• Zero order fees for Shares
• Zero order fees for derivatives
• The Prime Broker Depot costs € 2.99 per month.
• Annual subscription.

Prime Broker Flex

Has all the Prime features, including:

• Zero order fees for ETFs
• Zero order fees for Shares
• Zero order fees for derivatives
• Prime Broker Flex costs € 4.99 per month.
• Monthly subscription

Other Charges for the ETF Wealth Management Service (Robo-Advisor)

• ETFs, Cryptocurrency, and shares cost € 0 across the entire savings plan.
• €10 000 minimum investment deposit for the wealth management Robo-Advisor
• A total fee of 0.90% per year on the total amount invested through the Robo-Advisor
• No exit fees, withdrawal charges or foreign exchange fees.
• No trading fees on Prime ETFs from € 250.

Benefits of Using Scalable Capital

• Scalable Capital offers seminars and webinars to educate investors who are new to trading (click here to see a list of information events).
• Free ETF Advisor (PDF) that explains trading with ETFs and which risks to be aware of (Download here for free)
• Scalable Capital is available for all platforms of all sizes: web and app, iOS, and Android.
• The savings plans can be created free of charge, and investors can trade stocks, ETFs, Cryptocurrency, and derivatives permanently without order fees. This makes it relatively cheap.
• Traders can benefit from real-time prices and charts.
• Various order types, including limit, market, and stop-loss orders, helps traders to exercise control over their finances and improves trading efficiency.
• Easy deposits and withdrawals. Investors can transfer funds with just two clicks between the checking account and the broker.
• Investors enjoy comprehensive and efficient customer service.

Scalable Capital has improved various aspects of its operations to ensure excellent service delivery and efficient performance. However, investors may encounter various drawbacks while using the broker.

• The website is available in the German language. Even though the company operates within Germany, traders who would prefer to access the website in English may be disadvantaged.
• Limited range of payment gateways. The only means to deposit funds is bank transfer or direct debit.
• The broker does not provide a means to invest in Cryptocurrency directly.

Mobile Apps and Other Platforms

Scalable Capital offers both web and mobile app trading. Investors can access all functions on all devices. The mobile app is available for free download from both the Android Play Store and IOS App store. Web traders can sign up and access all the features on their desktops. The mobile app is easy to use, well- designed with an intuitive user interface.

Documentation Needed.

Scalable Capital abides by the regulations, including the Money Laundering Act that requires them to verify customers’ identity. The broker collects various data from users during the account opening. However, the company ensures clients’ privacy and data are protected. The data collected during registration and conclusion of the contract include address, account details, and financial circumstances. Furthermore, the identification process is carried out online and requires users to have an identity card.

Scalable Capital also provides year-end documents, which include loss certificates and annual tax certificates.

Sign up for Scalable Capital here