Scalable Capital Review 2026

Verdict: Scalable Capital review

Scalable Capital makes the most sense for investors who trade often enough that per-order pricing starts to sting. The Munich fintech, founded in 2014 and regulated by BaFin, has built its brokerage around a subscription idea: pay a small monthly fee and stop thinking about transaction costs altogether. For disciplined ETF savers it works just as well on the free tier.

Pricing is the headline act. Individual trades cost €0.99, or you switch to the flat-rate plan from €4.99 per month for unlimited trading — a structure no other German neo-broker offers in this form. All 2,400 ETF savings plans are free and start from €1, with execution monthly, twice-monthly or quarterly. Crucially, Scalable connects to Xetra as well as gettex, giving you Germany's reference exchange with its deep liquidity, something Trade Republic cannot provide. Fractional shares are supported, deposits enjoy the standard €100,000 protection, and our overall rating lands at 4.2.

The weaknesses cluster around the upsell logic. Interest on cash — currently 2.6% — is reserved for PRIME+ subscribers paying €9.99 per month and is capped at €100,000, whereas Trade Republic pays 3.25% to everyone with no cap. The crypto offering covers only 13 instruments and, importantly, these are not real coins you can withdraw — they are exchange-traded products held inside the brokerage account. Options and futures are absent, and beyond gettex and Xetra there is no venue choice. Casual traders who pay €4.99 monthly but place two orders effectively pay €2.50 per trade.

Positioned against the field: Trade Republic beats Scalable on cash interest and outright simplicity, Smartbroker+ undercuts it with €0 orders above €500 while also offering Xetra. Scalable wins whenever volume rises — fifteen or more trades a month make the flat rate cheaper than either rival — and its quarterly savings-plan intervals are a small but genuine differentiator for low-income savers.

The bottom line: Scalable Capital is the right home for active investors and high-frequency rebalancers who will actually exhaust the flat rate, and a perfectly solid free option for ETF savers who value Xetra. If you mainly park cash or trade twice a year, the subscription maths works against you.