Scalable Capital review 2026: fees, features, and verdict

Quick summary

Scalable Capital is a German neobroker that stands out with its subscription-based pricing model. For active traders, the PRIME+ plan at EUR 4.99 per month offers unlimited commission-free trades on orders over EUR 250, making it one of the most cost-effective options in Europe. It is regulated by BaFin, available in six European countries, and offers access to 2,300+ ETFs with free savings plans. Last verified: 2026-03-23.

Overview

Founded in 2014 in Munich, Germany, Scalable Capital started as a robo-advisor before expanding into self-directed brokerage. The company is regulated by BaFin (the German Federal Financial Supervisory Authority) and holds a securities institution licence. It currently serves investors in Germany, Austria, France, Italy, Spain, and the Netherlands.

Scalable Capital has raised over EUR 155 million in funding from investors including BlackRock, Tencent, and HoltzBrinck Ventures. The platform combines wealth management services with a self-directed broker, giving users flexibility to choose between automated and hands-on investing.

In March 2026, Scalable Capital launched a new overnight savings account (Tagesgeldkonto) offering 2.50% variable interest per annum, with its own IBAN for direct transfers. This positions the platform as more than just a broker, moving into banking territory alongside competitors like Trade Republic and Revolut.

Pricing and fees

Scalable Capital operates on a tiered model with two plans. The FREE plan charges EUR 0.99 per trade with no monthly subscription. The PRIME+ plan costs EUR 4.99 per month and offers commission-free trading on all orders above EUR 250. Both plans include free savings plans and free PRIME ETFs.

Fee type	FREE plan	PRIME+ plan (EUR 4.99/month)
Stock and ETF trades	EUR 0.99 per trade	EUR 0.00 (orders over EUR 250)
Savings plans	Free	Free
Xetra trades	EUR 3.99 + 0.01% venue fee (min EUR 1.50)	EUR 3.99 + 0.01% venue fee (min EUR 1.50)
Crypto ETP spread	0.99%	0.69%
Minimum deposit	EUR 1.00	EUR 1.00
Account fee	EUR 0.00	EUR 4.99/month
Savings account interest	2.50% p.a. (variable)	2.50% p.a. (variable)

The PRIME+ plan becomes cost-effective for investors who place more than five trades per month. At that point, the EUR 4.99 subscription fee is lower than paying EUR 0.99 per trade. For investors who primarily use savings plans, the FREE plan may be sufficient since savings plans are free on both tiers.

Available products

Scalable Capital gives access to a broad range of financial products through gettex (Munich Stock Exchange) and Xetra (Frankfurt Stock Exchange). The platform offers stocks, ETFs, crypto ETPs, bonds, and funds.

The ETF selection is a particular strength, with over 2,300 ETFs available including PRIME ETFs that can be traded commission-free regardless of plan. Fractional shares are supported, allowing investors to start with as little as EUR 1.00. Savings plans can be set up for both individual stocks and ETFs, with no minimum investment amount beyond EUR 1.00.

Crypto access is handled through exchange-traded products (ETPs) rather than direct token ownership. This means your crypto investments are held in a regulated securities account, which simplifies tax reporting in most European countries but means you cannot transfer tokens to an external wallet.

Features

Scalable Capital offers several features that go beyond basic brokerage.

Tax optimisation: The platform includes built-in tax optimisation tools. For German tax residents, this includes automatic Freistellungsauftrag (tax exemption order) handling and loss offsetting.

Socially responsible investing: Scalable Capital flags ESG-compliant ETFs and funds, making it easier to build a sustainable portfolio. Dedicated ESG portfolios are available through the robo-advisor service.

Savings plans: One of the strongest savings plan offerings among European neobrokers. Over 2,300 ETFs and a wide selection of stocks are eligible for automated savings plans at no additional cost.

Overnight savings account: Launched in March 2026, the integrated savings account offers 2.50% variable interest with no minimum deposit and no management fees. The account has its own IBAN for direct bank transfers.

Mobile and web access: The platform is available through both a mobile app (iOS and Android) and a web interface. Portfolio tracking, order placement, and savings plan management work seamlessly across devices.

Strengths

Subscription model saves money for active traders. The PRIME+ flat-rate model is genuinely unique among European brokers. If you trade frequently, paying EUR 4.99 per month instead of per-trade fees can result in significant savings compared to platforms like DEGIRO or Trade Republic.

Extensive ETF selection. With 2,300+ ETFs and free savings plans, Scalable Capital is one of the strongest platforms for passive, long-term investors building diversified portfolios.

BaFin regulation. Full regulation by the German financial authority provides a high level of investor protection. Client assets are held at Baader Bank, a licensed German custodian.

Fractional shares from EUR 1.00. The low entry point makes the platform accessible to beginners and those who want to start investing with small amounts.

New savings account. The 2.50% interest rate on uninvested cash is competitive, exceeding offers from Trade Republic (2.00%) and most traditional banks.

Limitations

Limited exchange access. Scalable Capital primarily routes orders through gettex. Xetra is available but carries an additional EUR 3.99 fee. Other international exchanges are not directly accessible.

No direct crypto ownership. Crypto investments are through ETPs only. You cannot buy, sell, or transfer actual cryptocurrency tokens.

Six countries only. Available in Germany, Austria, France, Italy, Spain, and the Netherlands. Investors in other European countries cannot open an account.

PRIME+ fee for infrequent traders. If you only place one or two trades per month, the EUR 4.99 subscription costs more than the per-trade fees on the FREE plan or on competing platforms.

No copy trading. Unlike some competitors, Scalable Capital does not offer social or copy trading features.

Who Scalable Capital may suit

Active European investors who place five or more trades per month will benefit most from the PRIME+ subscription model. The flat monthly fee becomes increasingly cost-effective the more you trade.

Passive ETF investors looking to build a diversified portfolio through regular savings plans. The combination of 2,300+ ETFs, free savings plans, and fractional shares makes Scalable Capital well-suited for a buy-and-hold strategy.

German and Dutch expats who want a BaFin-regulated platform with integrated tax optimisation features and a competitive savings account for uninvested cash.

Alternatives to consider

If Scalable Capital does not match your needs, several other platforms serve European investors in the same space.

Trade Republic charges a flat EUR 1.00 per trade with no subscription option. It offers free savings plans and 2.00% interest on cash. Trade Republic may be more straightforward for investors who want simple, low-cost trading without a subscription commitment.

DEGIRO provides access to a wider range of international exchanges, with core selection ETFs for just EUR 1.00 in handling fees. DEGIRO may suit investors who want to trade on exchanges beyond Germany.

Interactive Brokers (IBKR) is the most comprehensive option for serious investors, offering access to 150+ markets worldwide with professional-grade tools. IBKR has the lowest currency conversion fees at 0.002% and pays interest on cash balances.

Frequently asked questions

Is Scalable Capital safe?

Scalable Capital is regulated by BaFin, the German Federal Financial Supervisory Authority. Client securities are held at Baader Bank, a licensed German custodian bank. Deposits are covered by the German deposit guarantee scheme up to EUR 100,000. The platform has a regulatory score of 8 out of 10 on Capmap.

What are Scalable Capital fees?

The FREE plan charges EUR 0.99 per trade with no monthly fee. The PRIME+ plan costs EUR 4.99 per month and offers commission-free trading on orders over EUR 250. Savings plans are free on both plans. Xetra orders carry an additional EUR 3.99 fee.

Is Scalable Capital available in the Netherlands?

Yes. Scalable Capital is available in six European countries: Germany, Austria, France, Italy, Spain, and the Netherlands. Dutch investors can open an account directly through the platform.

Can I buy crypto on Scalable Capital?

Scalable Capital offers crypto investments through exchange-traded products (ETPs), not direct token purchases. The crypto spread is 0.99% on the FREE plan and 0.69% on the PRIME+ plan. You cannot transfer crypto tokens to an external wallet.

How does Scalable Capital compare to Trade Republic?

Both are German neobrokers with low fees. Scalable Capital offers a subscription model (EUR 4.99/month for unlimited free trades), while Trade Republic charges EUR 1.00 per trade. Scalable Capital has a higher savings account rate (2.50% vs 2.00%) and more ETFs (2,300+ vs 1,000+). Trade Republic has a simpler pricing structure with no subscription.

Does Scalable Capital offer fractional shares?

Yes. Scalable Capital supports fractional shares with a minimum investment of EUR 1.00. This applies to both one-time purchases and savings plans.

This article is educational content, not financial advice. Always do your own research before making financial decisions. Fees and features may change, verify current details on the platform's official website. Last verified: 2026-03-23.

Related guides

• Best ETF brokers in the Netherlands 2026
• What is an ETF? A simple guide
• How to start investing in the Netherlands as an expat

Disclaimer

This article is for educational purposes only and does not constitute financial, tax, or investment advice. Capmap.eu is an independent comparison platform — we do not provide personal recommendations. Always verify current fees, rates, and regulations with the provider or a qualified adviser before making financial decisions. Information was accurate at the time of writing but may have changed.