Are you confused about whether to choose Nextmarkets vs Scalable Capital as a broker for your investing needs?
In this side-by-side comparison, we analyse Nextmarkets 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!
Nextmarkets vs Scalable Capital: In a Nutshell
Curated investing
Nextmarkets is an online broker well-tailored for those with a basic understanding of the financial markets. It has a very intuitive and hassle-free mobile app.
You can invest in financial products such as shares, ETFs, CFDs on shares, ETFs, indices, forex, bonds, cryptocurrencies, and commodities.
With “curated investing”, Nextmarkets wants to allow you to benefit from the experience of proven experts (called “coaches”) and stock market professionals.
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
Nextmarkets
Pros
- Zero commission trading for all asset classes (orders above €250)
- No custody, inactivity and deposit/withdrawal fee
- Fast account opening process (less than 5 min)
- No minimum deposit
- No currency conversion fee
- Good customer support
- Demo Account
Cons
- €1 commission per order below €250
- The web platform is a little “buggy”
- No clear distinction between real shares and CFDs
- Spreads are above average
- No fundamental data
- No educational materials
- The minimum withdrawal is €150
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
Nextmarkets 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.
