Are you confused about whether to choose Freedom24 vs Scalable Capital as a broker for your investing needs?
In this side-by-side comparison, we analyse Freedom24 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!
Freedom24 vs Scalable Capital: In a Nutshell
New stocks at the IPO price
It offers stocks of new companies at the IPO price, as well as 40,000+ stocks, 1,500+ ETFs, 800,000+ US Stock Options, and 147,000+ bonds on the largest exchanges in Europe, Asia, and the US.
Freedom24 trading platform can be accessed through PC and mobile App versions. They are well-designed but lack customization options. It includes additional features such as “InvestIdeas” and “News”.
All Freedom24 clients have D-accounts – USD and EUR saving accounts that give you interest rates in your parked money (up to 3% per annum).
Commission-free savings plans
Scalable Capital is an online broker (“Do-it-yourself” service) and Europe’s largest Robo-Advisor. New users get one free share.
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
Freedom24
Pros
- No fees for the first 30 days
- Early access to new stocks at the IPO price
- Low commissions on stock and ETF trading
- No minimum deposit for general trading
- Demo trading
- USD saving accounts at 3% per annum
- Slick, modern, and easy for anyone to use
- No custody fee
Cons
- Minimum deposit of $2,000 for new stocks at the IPO price
- €7 per withdrawal
- High currency conversion fee
- High costs for stocks bought at the IPO price
Scalable Capital
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
Freedom24 vs Scalable Capital: Side-by-side Comparison
- General Information
- Founded in
- Demo Account
- Account Minimum
- 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)
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.
