European investment platform Scalable Capital starts in Spain with unlimited trading, savings plans and crypto offering

  • Spanish investors can trade without commissions and with no foreign exchange fees in 6,000 global shares, more than 1,600 ETFs and 2,300 mutual funds, and all major cryptocurrencies
  • Innovative flat-rate model allows unlimited trading for €2.99/month, in addition to offering a fee-free model with €0.99 per trade
  • Trading is executed securely on regulated European exchanges via an intuitive interface with exceptional user experience

Munich, 15.03.2022. Scalable Capital, on its mission to become Europe's leading digital investment platform, expands its investment platform to Spain. With Scalable Broker and Scalable Crypto the company introduces convenient and cost-effective trading and savings plans in shares and exchange traded funds (ETF) as well as cryptocurrencies to Spanish retail investors. Regulated by the German financial supervisory authority BaFin, Scalable Capital provides a secure and innovative full-service brokerage offering.

Erik Podzuweit, Founder and co-CEO of Scalable Capital: ‘In the past few years the Spanish economy has returned to growth with the unemployment rate falling and savings rates rising. More and more people are now in a position to save and invest for their futures. Our comprehensive and easy-to-use online trading platform aims to appeal to the Spanish investor. Investment should be simple and for everyone. By offering accounts with no minimum investment and no hidden commissions, we want to empower investors to participate in economic growth. Anyone thinking about investing should think of Scalable Capital.’

Scalable Capital has appointed Adrian Amorin Luna as Country Manager for Spain. He started his role in February 2022 where he assumed responsibility for the expansion on the Spanish market and the business development of the local service and product offering. Before he worked for the comparison platform Idealo in a similar role. Adrian is a Business and Marketing strategist and experienced in successfully developing digital platforms in pan European growth projects.

Full-service offering at innovative price-point

The Scalable Broker offers Spanish clients a full-service brokerage. They gain access to over 6,000 global shares including Spanish blue chips, US tech stocks and Asian growth shares. Since all trades are routed to regulated European exchanges and settled in euros, no foreign exchange fees are incurred. Investors can diversify their investment via more than 1,600 ETFs and 2,300 mutual funds as well as all major cryptocurrencies. The broker offers the largest universe of ETFs adhering to environmental, social and governance (ESG) criteria and tracking socially responsible investments (SRI).

Features like extended trading hours (08:00 to 22:00), free real-time price data, price alerts and many more are united in a modern and intuitive interface on web and mobile apps (iOS and Android). Multi-channel client service including tax reportings tailored to Spanish tax laws complete the offering.

The company offers different pricing models to suit every demand: The FREE Broker offers commission-free shares and ETF savings plans and commission-free trades in over 700 PRIME partner ETFs (iShares by BlackRock, Invesco and DWS Xtrackers). Orders in other instruments start at just 0.99 euro. The PRIME Broker includes all perks of the FREE Broker plus a trading flat rate with an unlimited number of trades for a monthly fee of 2.99 euro.

Stock-like crypto trading on regulated exchanges

Scalable Crypto offers easy, affordable and secure access to crypto investments via regulated European stock exchanges. What's unique about Scalable’s crypto offering is that it combines the security of trading on a regulated exchange with physically-backed exposure to the cryptocurrency asset class. There is no need to open a separate wallet or pay for the costly secure custody of the digital coins. The cryptocurrencies are simply held in the form of securities on the customer's existing brokerage account.

Investing to cope with inflation

The readiness for investing in the stock market among retail clients is growing. Against a backdrop of low interest rates, more and more investors turn to capital markets. Although the Spaniards consider savings as important, less than 12% of households own shares according to the Instituto Nacional de Estadistica (INE). Instead, they hold the highest amount of their financial wealth in cash deposits and savings accounts according to data from the European Central Bank compared to Italy, France and Germany.

"This gives users a sense of security, but in the long term it means a loss of purchasing power, as the value of those savings is eroded by inflation," notes Adrian Amorin, managing director for Spain at Scalable Capital. In contrast, the growing interest in cryptocurrencies has acted as a gateway to investment in the capital markets: "According to a study by Statista, 14% of the Spanish population already uses or owns cryptocurrencies, which are already the most sought-after financial product for investing in the future," says Amorín

In light of the growing need for individuals to take control of their finances and build wealth for their retirement, the demand for simple access to capital markets is clear. Erik Podzuweit: ‘Saving for retirement can be daunting for a lot of people. We're trying to help by making investing simple so that people's hard-earned cash is not eroded by inflation. We see a lot of clients starting small but over time their investments grow into very tidy sums.‘

While pension plan interest over the past 20 years provided a return of 2.5%, and thus below the rate of inflation, an investment in the MSCI World ETF index would have brought average annual returns of above 6%.1

More products in the pipeline for Spanish customers

Already, over 500.000 clients trust the fintech unicorn with over 6 billion euros on its platform. Erik Podzuweit: ‘The online broker, with savings plans and crypto is only the beginning. We aim to roll out our full investment platform to the Spanish market. We will make even more services accessible to our Spanish clients such as our leading robo advisor.’

1 Inverco 2022; MSCI World net total return 20y annualised € 18.02.2022 (6.45%)

About Scalable Capital

Scalable Capital is a leading digital investment platform in Europe that makes investing easy and affordable for everyone. With the Scalable Broker, customers can trade shares, ETFs, funds, cryptocurrencies independently and thus compile their own portfolio. They can have their savings professionally invested via the digital wealth management service. More than 500,000 customers already use the services.

Scalable Capital was founded in 2014 and is already active in Germany, the UK, France, Spain and Austria. The investment firm, which is supervised by BaFin and the Bundesbank, has more than 6 billion euros on its platform. In addition to its business for private customers, the company develops B2B solutions. Its long-standing partners include ING, Barclays Bank in the UK, the robo-advisor Oskar and the Santander Group in Spain. Scalable Capital employs more than 380 people at its offices in Munich, Berlin and London. Together with the founding and management team around Erik Podzuweit and Florian Prucker, they work to enable everyone to become an investor.

For more information please


Ina Froehner
Scalable Capital
Head of Communications

ComBoca comunicaciòn
Ana Morell
+34.657. 01.36.44