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eToro vs Scalable Capital: 2023 Comparison

Franklin Carneiro da Silva| Updated September 18th, 2023

Are you confused about whether to choose eToro vs Scalable Capital as a broker for your investing needs?

In this side-by-side comparison, we analyse eToro vs Scalable Capital to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.

Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!

eToro vs Scalable Capital: 2023 Comparison 1
Visit eToroAsset 3

74% of retail CFD accounts lose money.

Ideal for
Social trading and commission-free stock trading

eToro is a well-known worldwide fintech startup and the leader in the social trading field (following other people’s trades), with over 30 million users worldwide.

You can also invest in other products through their platform, which is intuitive and simple to use, making it a good choice for beginners. Plus, eToro offers commission-free stock trading (other fees apply).

Opening an account and depositing is easy, and you can even try it out with virtual money (a demo account). On the downside, spreads can be high for some products.

Ideal for
Commission-free savings plans

Scalable Capital is an online broker (“Do-it-yourself” service) and Europe’s largest Robo-Advisor.

They help investors invest in stocks, ETFs and cryptocurrencies by themselves and also help investors get a personalized, globally diversified, and fully managed portfolio.

It is regulated by the BaFin, the Federal Financial Supervisory Authority in Germany. It is supervised by both BaFin and the Deutsche Bundesbank.

Pros and Cons

Pros

  • Commission-free stock trading
  • Social Trading and other innovative products
  • Wide variety of financial products
  • Slick, modern, and easy for anyone to use
  • Top tier regulators

Cons

  • Limited disclosed financial information
  • Withdraw and inactivity fees
  • Spread, overnight, inactivity, and currency conversion fees higher than average
  • Only one currency account (USD) - a currency conversion fee is applied if you deposit in a different currency
  • Doesn’t offer bonds, futures, or options

Pros

  • Stocks and ETFs commission-free (in PRIME Broker)
  • €1 minimum deposit
  • Interest on idle cash
  • No custody fee
  • Regulated by Bafin

Cons

  • No access to US stock exchanges
  • No fractional shares
  • Limited crypto available
  • €3.99 per trade on Xetra
eToro vs Scalable Capital: 2023 Comparison 3
eToro vs Scalable Capital: 2023 Comparison 4
  •  
  • General Information
  • Founded in
  • Demo Account
  • Account Minimum
  • Interest on unninvested cash (annually)
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks
  • EU stocks
  • ETFs
  • Cryptocurrencies
  • Custody Fee
  • Inactivity Fee
  • Withdrawal Fee
  • Connectivity Fee
  • Currency Conversion Fee
  • Security
  • Regulators
  • Investor Compensation Scheme(per person, per institution)
  • eToroAsset 3

    74% of retail CFD accounts lose money.

  • General Information
  • Founded in2007
  • Demo Account
  • Account Minimum$50**It varies between countries
  • Interest on unninvested cash (annually)0%
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs*On Indices, Currencies, Commodities, and Stocks.
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks$0
  • EU stocks$0
  • ETFs$0**Not all ETFs are offered with 0% commissions.
  • Cryptocurrencies1%**Spread on either side of a crypto trade.
  • Custody Fee$0
  • Inactivity Fee$10/month**After 1 year login inactivity.
  • Withdrawal Fee$5**Minimum withdrawal amount is $30.
  • Connectivity Fee$0
  • Currency Conversion FeeStarts from 0.50%
  • Security
  • RegulatorsFCA, CySEC and ASIC.
  • Investor Compensation Scheme(per person, per institution)

    Up to €20,000 for clients under eToro (Europe) Ltd; Up to £85,000 for clients under eToro (UK) Ltd.

  • Scalable CapitalAsset 3
  • General Information
  • Founded in2014
  • Demo Account
  • Account Minimum€1**Online broker. For Robo-advisor: €20 monthly or a lump sum of €1,000.
  • Interest on unninvested cash (annually)EUR: Up to 3.50%
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies*Crypto ETPs
  • Commodities*Via ETCs.
  • Fees
  • US stocks-
  • EU stocksUp to €3.99
  • ETFsUp to €3.99
  • Cryptocurrencies0.99%**Spread surcharge.
  • Custody Fee€0
  • Inactivity Fee€0
  • Withdrawal Fee€0
  • Connectivity Fee€0
  • Currency Conversion Fee0%
  • Security
  • RegulatorsBaFin
  • Investor Compensation Scheme(per person, per institution)Up to €100,000 for cash; Up to €20,000 for financial assets. **From non-returned assets up to 90%.

________________

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Franklin Carneiro da Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

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