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Scalable Capital expands savings plan offering

Source: Scalable Capital

Scalable Capital, a fast-growing online broker and Europe’s largest digital wealth manager, has comprehensively expanded its savings plan offering. Clients can now regularly save towards stocks, ETFs and cryptocurrencies starting at just 1 Euro savings rate – free of order fees. With this offer, the company is taking a big step towards becoming the leading digital investment platform.

"No barriers to investing remain. Saving money starting from 1 Euro, no order fees and high flexibility - regular saving via capital markets has never been so easy. With us, any amount can be set aside for retirement or a trip around the world after graduation. Over time, very small amounts can become tidy sums," says Erik Podzuweit, co-founder and co-CEO of Scalable Capital. "Building up one's wealth until retirement requires discipline. We open an easy route to capital markets for everyone and ensure that your earned money is not eroded by inflation. Anyone thinking about investing should think about Scalable Capital."

More freedom and flexibility for regular savings

Investing via savings plans will be easier and more flexible in the future. Within their savings plans, investors have the option of flexibly determining the execution frequency and day of the month - with four execution dates to choose from. This allows the alignment with the inflow of salary, pension or student grants. Scalable Capital also offers the option of automatically increasing the savings rate over time, for example to protect against inflation.

Furthermore, users can decide whether their savings plans are debited from their available cash balance or by direct debit from their linked current account. The company is also expanding the range of savings plan instruments. In addition to all relevant stocks and cryptocurrencies, many additional ETFs have been added. Scalable Capital now offers the largest selection of ETF savings plans in Germany with almost 2,000 products. Further stocks, ETFs and cryptocurrencies are being added continuously. The new features and products will be launched in the course of September.

As users can invest in all ETFs and all relevant stocks free of order fees, they will find whatever they are looking for - whether they want to invest in a broad market (e.g. MSCI World), in specific themes (e.g. Clean Energy) or in individual stocks (e.g. Amazon).

The wide range of products of the PRIME partners iShares by BlackRock, DWS Xtrackers and Invesco, will also be comprehensively expanded. In addition to hundreds of new ETFs, additional information is available in the form of videos, blog articles, podcasts or webinars and even more help with product discovery. With the new PRIME ETF Finder, investors can find their desired savings plan ETF in just two clicks.

Pricing plans for the Scalable Broker

Clients can trade stocks, ETFs, cryptocurrencies, funds and derivatives with the Scalable Broker. In the "FREE Broker" setting up a stock or ETF savings plan is free of order fees, and there are also no fees for managing the custody account. Each additional trade costs 0.99 Euros. This fee is waived for ETFs of the PRIME partners iShares by BlackRock, DWS Xtrackers and Invesco.

The "PRIME Broker" offers an unlimited number of trades in stocks, ETFs, cryptocurrencies, funds and derivatives for a monthly flat rate of 2.99 Euros, as well as an unlimited number of savings plans.

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