Scalable Capital
Munich-based broker and bank offering savings plans from EUR 1, a flat-fee broker model and cash interest, supervised by BaFin
Quick Overview
| Company | Scalable Capital Bank GmbH |
|---|---|
| Category | Stock Trading Apps and Online Brokers |
| Headquarters | Munich, Germany |
| Founded | 2014 |
| EU Presence | Yes - Germany (EU) |
| Data Location | Not stated on the pages checked |
| Open Source | No |
| GDPR Compliant | Yes |
| Self-Hosting | No |
| Main Features | Stocks and ETFs, savings plans from EUR 1, derivatives, crypto, overnight interest, credit, kids account, retirement account |
| Pricing | FREE Broker and PRIME+ at EUR 4.99 per month; savings plan executions EUR 0; trades under EUR 250 cost EUR 0.99 |
| Best For | German-speaking savers who want ETF savings plans plus a trading flat rate |
| Replaces | Robinhood, Webull |
Detailed Review
Scalable Capital started in 2014 and is now operated as a bank. Its trading page advertises over 8,000 stocks, more than 2,700 ETFs as savings plans from EUR 1 and derivatives, with a broker model that either costs nothing per month or EUR 4.99 for PRIME+.
The imprint names Scalable Capital Bank GmbH, Seitzstrasse 8e, Munich, commercial register HRB 217778, Munich Local Court, and points to BaFin as supervisor.
Two Broker Models
The trading page describes PRIME+ at EUR 4.99 per month: trades from EUR 250 are commission-free on EIX (below EUR 250 the fee is EUR 0.99), and EUR 1.99 applies on Xetra and gettex. FREE Broker charges nothing for purchases of PRIME ETFs from EUR 250 and EUR 0.99 below that.
Savings plan executions are free in all broker models, which suits regular monthly investing.
More Than a Broker
The site also shows cash accounts paying 2.60% p.a. on overnight savings, fixed-term savings across partner banks, and credit of up to EUR 250,000 offered by Scalable Capital Bank. A retirement account with state subsidies is open for pre-registration.
Taxes and Language
The site says Scalable Capital does not provide tax advice. The English pages are a translation of a service built mainly around the German market, which shows in the retirement and tax products.
Limitations to Consider
Product range and tax features are shaped by German rules, so the service is most useful to German residents. The fee table has several conditions (order size, exchange, ETF list), which is less simple than a flat rate. Derivatives and crypto carry high risks, as the site itself states. Compared with Lightyear it charges a monthly fee for the flat-fee model.
Who Should Use Scalable Capital
Savers in Germany who want ETF savings plans, a broker flat rate and cash interest from a German bank.
Pros and Cons
Pros
- Savings plans from EUR 1 with free executions
- Over 8,000 stocks and 2,700 ETF savings plans
- Optional flat monthly broker model
- German bank supervised by BaFin
- Cash interest and credit in the same app
Cons
- Fee conditions depend on order size and exchange
- Built mostly around German products and taxes
- PRIME+ costs EUR 4.99 per month
- Derivatives and crypto carry high risk
Alternatives to Scalable Capital
Other European stock trading apps and online brokers worth comparing before you decide:
Lightyear
Estonia · Investing platform with zero ETF execution fees
Freetrade
United Kingdom · Commission-free UK investing app with ISA and SIPP
Nordnet
Sweden · Nordic bank and broker with four courtage classes
DEGIRO
Netherlands · Online broker with Core Selection ETFs and low per-trade fees
See all European stock trading apps and online brokers or compare them directly against Robinhood on our alternatives page.
Frequently Asked Questions
EUR 4.99 per month according to the trading page. Trades from EUR 250 are commission-free on EIX, below EUR 250 the fee is EUR 0.99, and Xetra and gettex trades cost EUR 1.99.
The imprint names Scalable Capital Bank GmbH in Munich, registered as HRB 217778 at the Munich Local Court.
Yes. ETF savings plans start from EUR 1 and savings plan executions are free in all broker models.