Scalable Capital
German tax automation, unlimited Sparplan investing.
Last reviewed: March 2026
out of 10
Scalable Capital is the right choice for German investors who want automated Abgeltungsteuer handling, a proper Sparplan, and a clean experience. The Prime+ subscription at €2.99/month makes unlimited ETF trading effectively free. Less compelling for non-German investors where the local tax advantages are diminished.
Right for you if…
- German investors who want automated tax handling (Vorabpauschale, Teilfreistellung)
- Investors running regular Sparplans (automated monthly ETF purchases)
- Those who want a German-regulated platform with German language support
Not right if…
- Non-German investors who don't benefit from the German tax automation
- Those wanting the widest product range or access to exotic instruments
Fee Breakdown
After 1 free trade/month
Unlimited trades included
For a German investor with a monthly Sparplan and occasional rebalancing, Prime+ at €2.99/month is excellent value. More than 3 trades per month on the free tier costs more than Prime+. Use EUR ETFs to avoid the 0.99% FX fee.
1.49% of €2,400 invested/year at Scalable Capital
Pros and Cons
What works
€2.99/month Prime+ covers unlimited trades — better than per-trade for regular investors
Automated German tax reporting — Abgeltungsteuer, Vorabpauschale, and Freistellungsauftrag handled
Sparplan setup for regular ETF investing is seamless
BaFin regulated, assets held at Baader Bank — strong local oversight
Competitive interest on uninvested EUR cash
What doesn't
Prime+ at €35.88/year is only cost-effective if you trade more than ~3 times per month
Free tier includes only 1 free trade/month — €0.99 thereafter
0.99% FX fee is high — use EUR-denominated ETFs
Available only in Germany and Austria — not useful for other European investors
Safety & Regulation
Regulated by BaFin. Client assets held at Baader Bank, a licensed German bank. Covered under the German investor compensation scheme up to €100,000.
Platform Experience
Clean modern app and web platform. Sparplan setup is the best in Germany. Portfolio analytics above average. German tax documents generated accurately and in the correct format.
Tax Reporting
Best-in-class for German investors. Vorabpauschale calculated and handled automatically. Annual tax certificates in the correct German format. Freistellungsauftrag settable directly in the app.
Available In
Scalable Capital FAQ
Regulated by BaFin. Client assets held at Baader Bank, a licensed German bank. Covered under the German investor compensation scheme up to €100,000.
For a German investor with a monthly Sparplan and occasional rebalancing, Prime+ at €2.99/month is excellent value. More than 3 trades per month on the free tier costs more than Prime+. Use EUR ETFs to avoid the 0.99% FX fee.
Scalable Capital is available in: DE, AT. Availability may change — check Scalable Capital's website for the latest.
German investors who want automated tax handling (Vorabpauschale, Teilfreistellung). Investors running regular Sparplans (automated monthly ETF purchases). Those who want a German-regulated platform with German language support.
How It Compares
Open a Scalable Capital account
Regulated broker. Takes 5–10 minutes to sign up.
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This review reflects Etfora's editorial assessment based on publicly available fee data. Fees may change — verify current rates on Scalable Capital's website before opening an account. Not financial advice.