Scalable Capital Review 2026: Our Complete Analysis

Last updated: January 2026 | Review of Scalable Capital by the Analyse Trading team

If you are looking for a low-cost European neobroker with a serious regulatory backbone, this review of Scalable Capital covers everything you need to make an informed decision. Founded in Munich in 2014, Scalable Capital has evolved from a robo-advisor into a full-service brokerage platform serving over 1.6 million clients across Germany, France, Italy, Spain, the Netherlands, Austria, and the UK. With more than 25 billion EUR in assets under management, this is not a startup experiment — it is a mature player in the European retail investing space.

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About Scalable Capital

Scalable Capital GmbH was founded in 2014 by Erik Podzuweit and Florian Prucker. Headquartered in Munich, the company also maintains offices in Vienna, London, Madrid, and Milan. It launched its brokerage service in 2020 after initially operating as a robo-advisor.

The platform serves clients across major European markets and supports six languages: English, French, German, Italian, Spanish, and Dutch. It is not a publicly listed company.

Scalable Capital operates under two distinct pillars:

• Scalable Broker: Direct investing in stocks, ETFs, funds, derivatives, and crypto ETPs
• Scalable Capital Wealth: The original robo-advisor service, managing approximately 25 billion EUR for clients who prefer automated portfolio management

Regulation and Fund Security

Scalable Capital holds a full banking licence issued by BaFin, Germany's financial supervisory authority. This is a notably strong regulatory credential for a neobroker — it places Scalable Capital on par with traditional German banks in terms of oversight.

Client fund protection:

• Funds are segregated from company assets
• Negative balance protection is in place
• Deposit protection via Schutzgemeinschaft AG (Esef): up to 100,000 EUR per client
• Additional coverage via AssCompact: 90% for financial instruments

This level of protection is meaningfully above the standard across most offshore or mid-tier brokers. If you are asking whether Scalable Capital is safe, the answer is clearly yes — BaFin banking licences are among the most rigorous authorisations in Europe.

Trading Conditions

Scalable Capital is not a CFD or forex broker. It is a cash-market broker executing orders through Xetra and Gettex, two regulated German exchange venues. There is no leverage trading for retail clients in the traditional sense, and scalping or automated EA strategies are not applicable here.

Account Types

The PRIME+ plan is the flagship offering. For 4.99 EUR per month, you get unlimited commission-free trading on Xetra and Gettex — provided each order exceeds 250 EUR. ETF savings plans (DCA) are entirely free on all account types.

Fractional shares are available from as little as 1 EUR, introduced in 2024. This makes the platform accessible to investors with smaller budgets who want exposure to high-priced stocks.

The PRIME+ plan also includes a remunerated current account paying a rate linked to the ECB benchmark — currently above 3% — and a Mastercard debit card. This is a meaningful addition for investors who want their idle cash working.

Spread Model

Scalable Capital does not operate on a spread basis. The pricing is fixed-commission or flat-fee depending on the plan selected. There are no EURUSD, XAUUSD, or similar spread metrics to report — this broker is not designed for currency or commodity trading.

Trading Platforms

Scalable Capital is a mobile-first platform. There is no dedicated desktop application. Trading is available via:

• Web platform (browser-based)
• Scalable Capital mobile app (iOS and Android)

The app is clean and well-designed for long-term investing. Features include ETF savings plan management, portfolio analytics, the robo-advisor interface, and access to the Scalable Wealth service.

However, active traders who rely on advanced charting, order depth tools, or multi-monitor desktop setups will find the platform limited. There is no demo account available, which is a genuine gap — particularly for newer investors who want to test the interface before committing real funds.

Available tools:

• Free ETF savings plans (DCA automation)
• Scalable Capital Wealth robo-advisor
• Remunerated current account (3%+, PRIME plans)
• Mastercard debit card (PRIME+)
• Physical crypto ETPs

Tradable Instruments

Scalable Capital offers a broad range of assets for a long-term investor, though it deliberately excludes forex, CFDs, and commodity futures.

The derivatives catalogue — over 370,000 warrants and turbos — is surprisingly extensive. This gives more sophisticated investors access to leveraged instruments, though these are complex products and not suitable for all clients.

Crypto exposure is provided through physical ETPs only, not direct spot trading. If you want to hold Bitcoin or Ethereum on-chain, you will need a separate crypto exchange.

Deposits and Withdrawals

Minimum deposit is 0 EUR — you can open an account and start investing with fractional shares from 1 EUR. There are no inactivity fees and no deposit or withdrawal charges. This is one of the cleanest fee structures in the European neobroker space.

The base currency is EUR only, which is appropriate given the platform's European focus.

Customer Support and Education

Support hours: 08:00 – 22:00 CET
Contact channels: Email, in-app chat, telephone
Languages supported: English, French, German, Italian, Spanish, Dutch

The availability of telephone support is a positive differentiator — many neobrokers limit users to chat or email only. Extended support hours (until 22:00) also cover most European time zones comfortably.

Educational resources:

• Videos: available
• Webinars: available
• eBooks: limited
• Demo account: not available

The education offering is functional rather than comprehensive. You will find videos and occasional webinars, but Scalable Capital is not trying to compete with dedicated trading educators. The robo-advisor service effectively substitutes for investor guidance for less experienced users.

Pros and Cons

Pros:

• PRIME+ plan offers unlimited commission-free trading on Xetra and Gettex for 4.99 EUR/month
• Over 2,500 ETFs with free savings plans (DCA) on all account types
• Remunerated current account paying 3%+ (ECB rate, PRIME+ plan)
• Full BaFin banking licence — among the strongest regulatory credentials in Europe
• Scalable Capital Wealth robo-advisor with approximately 25 billion EUR AUM
• Fractional shares available from 1 EUR (since 2024)

Cons:

• No CFD trading, no forex, no direct commodity access
• Commission-free trading requires the PRIME+ subscription
• Mobile-first only — no feature-rich desktop platform
• No demo account available
• Not accessible outside the EU/EEA and UK
• Crypto exposure limited to physical ETPs, not direct spot trading

FAQ

Is Scalable Capital safe and regulated? Yes. Scalable Capital holds a full banking licence from BaFin, the German financial regulator, and is also regulated by the FCA in the UK. Client funds are segregated and protected up to 100,000 EUR through Schutzgemeinschaft AG (Esef), with additional coverage via AssCompact for financial instruments.

What is the minimum deposit at Scalable Capital? There is no minimum deposit requirement. You can open a free account and start investing from as little as 1 EUR using fractional shares.

Is the PRIME+ plan worth it? If you trade regularly on Xetra or Gettex with orders above 250 EUR, the 4.99 EUR monthly flat fee pays for itself quickly. It also includes a remunerated current account and a Mastercard card. Occasional investors may prefer the FREE plan at 0.99 EUR per order.

Does Scalable Capital offer CFDs or forex? No. Scalable Capital is a cash-market broker. It does not offer CFDs, forex pairs, or commodity futures. If you need these instruments, you will need a different broker.

Can I trade crypto on Scalable Capital? Yes, but only via physical crypto ETPs — over 20 are available. Direct spot crypto trading is not offered. For on-chain custody, you would need a dedicated crypto exchange.

Is there a demo account? No. Scalable Capital does not currently offer a demo account on any of its plans.

Does Scalable Capital pay interest on uninvested cash? Yes. PRIME and PRIME+ account holders receive interest on their current account balance at a rate linked to the ECB benchmark — currently above 3%. This is a meaningful benefit for investors who hold significant cash between positions.

Verdict

Scalable Capital reviewed in 2026 stands out as one of the most credible European neobrokers for long-term investors and ETF savers. The combination of a full BaFin banking licence, a broad ETF catalogue, free savings plans, and the compelling PRIME+ flat-fee model makes it a serious alternative to traditional banks and fund platforms.

The platform is not built for active traders. There are no CFDs, no forex, no desktop trading software, and no demo account. If your strategy involves technical analysis on multiple timeframes or leveraged short-term speculation, Scalable Capital is not the right tool.

But for investors who want to build a diversified European portfolio in stocks, ETFs, and bonds — with strong regulatory protection, competitive cash remuneration, and transparent pricing — Scalable Capital delivers genuine value.

Overall score: 7.5/10

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Article by the Analyse Trading team (@analysetrading) · Updated 01/2026 · view the full broker profile

Disclaimer: Trading involves high risk of capital loss. This article is for informational purposes only and does not constitute investment advice.