Are you confused about whether to choose NAGA vs Scalable Capital as a broker for your investing needs?
In this side-by-side comparison, we analyse NAGA 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!
NAGA vs Scalable Capital: In a Nutshell
Social trading only
NAGA is a German fintech created to give you easy access to the investment world. Their motto is simple: “financial inclusion for everyone”.
It offers social trading, a multi-currency account, a demo account, and several ways to deposit and withdraw your money.
On the downside, their ETF offering is not clear (real ETFs are mixed with CFDs on ETFs), and it doesn’t offer commission-free real stock trading.
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
NAGA
Pros
- Social trading feature (Automatically copy or follow other people’s trade)
- Wide range of financial products
- Multi-currency accounts: USD, EUR, GBP, PLN, UST, and NGC (NAGA coin)
- No currency conversion fee
- Modern and user-friendly Web and Mobile interfaces
- NAGA Mastercard
- NAGA Group AG is publicly listed company (ISIN: DE000A161NR7)
- Demo account
Cons
- No commission-free stock trading
- The “top-performing traders” may be disguised as “temporarily lucky”
- Offers primarily CFDs, which are high-risk instruments with no asset ownership
- Up to $5 in withdrawal fees
- No clear distinction between real ETFs and CFD ETFs
- Poor distinction between “NAGA Markets Europe Ltd” And “NAGA Global Ltd”
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
NAGA vs Scalable Capital: Side-by-side Comparison
- 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)
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.
