Scalable Capital’s broker is available in Germany, Austria, France, Italy, Spain, and the Netherlands. Germany and Austria have the fullest feature access, including the robo-advisor (Scalable Wealth) and automatic Abgeltungsteuer handling. In France, Italy, Spain, and the Netherlands, only the self-directed broker is available — no robo-advisor and no automatic local tax handling. Always verify your country’s current eligibility on Scalable Capital’s website before opening an account, as product availability can change.

The FREE plan has no monthly fee. ETF savings plans are always free. PRIME ETFs (Amundi, iShares, Xtrackers) bought in trades of €250 or more are also free; all other trades cost €0.99. The PRIME+ plan costs €4.99/month and makes all trades from €250 free — not just PRIME ETFs. PRIME+ also removes the €100,000 cap on cash interest and reduces the crypto spread fee from 0.99% to 0.69%. The break-even point is roughly five non-PRIME trades per month; pure savings plan investors gain nothing by upgrading.

Yes, for German tax residents. Scalable Capital automatically calculates, withholds, and remits Abgeltungsteuer (25% capital gains tax plus solidarity surcharge) directly to the Finanzamt. In most standard cases, German investors do not need to declare broker gains manually on their annual tax return. You can also submit an exemption order (Freistellungsauftrag) up to the €1,000 annual allowance directly through the platform, which is applied automatically to future gains. Annual tax certificates are issued — though delivery can be slow during peak tax season, so allow extra time if you’re filing early.

Yes. All ETF savings plan executions are free on both the FREE and PRIME+ plans. Scalable Capital offers savings plans on over 2,700 ETFs from as little as €1, with flexible execution frequencies (monthly, bi-monthly, quarterly, semi-annual, or annual) and nine execution dates per month to choose from. Fractional amounts are available via savings plans, though fractional lump-sum purchases are not supported in direct trades.

Scalable Capital pays 2% p.a. (variable) directly on your broker cash balance — no separate product or transfer needed. FREE plan clients earn interest on up to €100,000. PRIME+ clients earn on unlimited balances. A separate Overnight account product is also available with a higher variable rate — check Scalable Capital’s website for the current figure, as it changes with ECB policy. All cash is distributed across Scalable Capital Bank and up to four partner banks, each covered by the German €100,000 statutory deposit guarantee — meaning effective protection can stack across multiple institutions.

Yes. Scalable Capital Bank AG is a CRR credit institution — a full bank under EU regulation — supervised by BaFin and the Deutsche Bundesbank. This means Scalable Capital is subject to the same capital adequacy, solvency, and supervisory requirements as regulated German banks. Securities are held at Baader Bank as segregated client assets. Cash is covered by statutory deposit protection of up to €100,000 per bank across the multi-bank distribution structure.

Scalable Capital executes orders on the European Investor Exchange (EIX, Hanover), gettex (Munich), and Xetra (Frankfurt). EIX and gettex trades are free from €250 on PRIME+, or free for PRIME ETFs on the FREE plan. Xetra carries a €3.99 order fee plus 0.01% venue fee on all orders regardless of plan. Note that Baader Bank — Scalable’s custodian — is also the sole market maker on gettex. This is standard in German neobroker infrastructure and is not hidden, but it is worth understanding if you trade frequently or in large sizes.

Baader Bank is Scalable Capital’s custodian and execution partner — not a competing retail broker. When you buy ETFs or stocks through Scalable Capital, those securities are held in custody at Baader Bank as segregated client assets, legally in your name and separate from Baader Bank’s own balance sheet. You cannot open a retail account directly with Baader Bank. Your uninvested cash sits separately within the Scalable Capital Bank deposit structure — not at Baader Bank — and is covered by the German statutory deposit guarantee of up to €100,000 per bank. Baader Bank also acts as the sole market maker on gettex, which is where most Scalable Capital trades are executed.

The Scalable Capital World ETF is a UCITS ETF launched in 2025, co-created by Scalable Capital with DWS and its ETF subsidiary Xtrackers. It uses a hybrid replication method — combining physical and synthetic replication — which is the first implementation of this structure at scale in the European ETF market. It carries a 0% TER in its first year, rising to 0.17% p.a. thereafter, making it competitive with leading world trackers. The ETF crossed €250 million in assets under management within six months of launch. It is available across all major German brokers and exchanges — not exclusively through Scalable Capital’s platform. Investors should evaluate it alongside more established trackers before committing, given its limited long-run track record.