Scalable Capital is undoubtedly one of the most well-known neobrokers in Germany. Originally, the company from Munich started with a different focus: a robo-advisor. However, this aspect seems to have somewhat receded into the background, while the Scalable Capital broker is increasingly dominating the market. Similar to many other neobrokers, Scalable Capital promises cost-effective to nearly free trading of stocks, ETFs, and similar assets, utilizing the Munich stock exchange gettex to enable these attractive conditions.
But what sets Scalable Capital apart? Isn’t it true that other brokers offering free trading are a better choice? To answer these questions and evaluate Scalable Capital, we thoroughly examined the fees and used the account in practice for several months. You can find our results and conclusion in this test report. Form your own opinion.
Who is behind Scalable Capital?
Erik Podzuweit and Florian Prucker founded Scalable Capital in Munich in 2014 and are still active as managing directors today. The founding team is supported by strong investors, including the US investment giant BlackRock and the Tengelmann Group with its venture capital arm, “Tengelmann Ventures.” Through the recent funding round, Scalable Capital’s valuation was raised to 1.6 billion euros, making it one of the most valuable FinTech companies in Germany.
Pros and Contras
Below you will find all the pros and cons of Scalable Capital listed. However, always keep in mind that each investor and trader has individual preferences, so the significance of the pros and cons may vary. Therefore, make your own decision regarding which pros and cons of Scalable Capital are ultimately relevant to you.
Preview of Scalable Capital’s Interface
This is the main menu, where you can see all your investments at one Place.
Here you can search and compare all the stocks, funds and ETFs available on this broker.
Here you can see all your transactions in one place, so you can track all your withdrawals and deposits again.
Scalable’s available offers
Conclusion
When we wrote this blog, we noticed that it was difficult for us to list negative points, which ultimately speaks positively for Scalable Capital. This platform is very suitable for individual investors who want to make lucrative investments through savings plans. There are no fees for savings plans in Fond´s or ETF´s, so you’re investing 100% of your money in yourself. And for individual orders, the fees are also kept low.
Do you already have made experience with Scalable Capital? Then let us know and leave a Comment of your Opinion!