The Scalable Capital fintech platform launches its offer on the Italian market with unlimited trading and no commissions. Basically, “from today, Italian investors will be able to trade without commissions in more than 6,000
shares, over 1,500 ETFs, 1,700 mutual funds and all the main cryptocurrencies – reads the press release – The offer offers two plans: a free broker with operations at € 0.99 and a flat rate that allows unlimited trading for only 2, € 99 per month. Trading is done securely across European exchanges such as Gettex and Xetra through an intuitive interface and with a great user experience. “
Scalable Capital continues “the international expansion,
launching its offer in Italy with the aim of pursuing the mission of becoming the leading digital investment platform in Europe. The fintech platform will introduce Scalable Broker, giving Italian retail investors the opportunity to invest in stocks, ETFs and cryptocurrencies and to set up automatic savings plans completely free of charge. Regulated by the German financial supervisory authority BaFin and registered with CONSOB, Scalable Capital provides a complete, secure and at the same time cutting-edge offer “.
Erik Podzuweit, founder and co-CEO of Scalable Capital, commented on the entry into the Italian market as follows:
“Italians have significantly increased their propensity to save, especially in the last two years and more and more people are considering investment options. Our investment platform aims to meet the needs of all types of Italian retail investors with an interface linear and intuitive. The world of investments, in fact, should be simple and within everyone’s reach, and we at Scalable Capital, through an offer that does not require a minimum investment or hidden commissions, want to allow everyone to take an active interest in their own well-being. economic. Anyone thinking of investing should consider Scalable Capital. “
“The Italian market has a strong unexpressed potential and we are convinced that we can contribute to making the world of finance more accessible and transparent for all types of potential investors – commented Alessandro Saldutti, Country Manager with the aim of strengthening Scalable’s presence. Capital on the Italian market – Italians have a high propensity to save, historically stored in deposit accounts and government bonds, but the growing inflation and low yields of these instruments mean that every day more and more Italians are considering investing in the financial markets. This is why we believe our model will be a great success. “
The press release speaks of “a complete offer with an innovative pricing model”.
“Scalable Broker offers Italian clients a full brokerage service, giving them access to more than 6,000 global stocks, including Italian blue chips, American tech stocks and Asian markets. As all transactions are made exclusively through European exchanges (Gettex and Xetra ) and are settled in euros, there are no foreign exchange fees
diversify their investments across more than 1,500 ETFs and 1,700 mutual funds, as well as trade with all major cryptocurrencies. Scalable Capital also offers the largest universe of ETFs that adhere to environmental, social and governance (ESG) criteria and pursue socially responsible investments (SRI). “
“Features such as extended trading hours (08:00 to 22:00), free and real-time price data, price alerts and more are combined in a modern and intuitive web interface and app (iOS and Android). To complete the offer, a multi-channel customer service that includes a tax reporting function in line with Italian legislation. The company offers different pricing models able to satisfy every request: the FREE Broker option offers plans savings in shares and ETFs without commissions and transactions at no cost in over 700
PRIME partner ETFs (iShares by BlackRock, Invesco and DWS Xtrackers). Orders for other instruments start at just € 0.99. The Broker PRIME option includes all the services of the FREE model and replaces the order cost of € 0.99 with a flat rate trading fee of € 2.99, allowing
an unlimited number of operations at no additional cost “.
“The Crypto offering offers easy, convenient and secure access to cryptocurrency investments through European regulated exchanges. This makes Scalable’s offering unique as it combines the security of trading on a regulated exchange with physical exposure to the asset. class of cryptocurrencies. There is no need to open a separate wallet or pay for the high costs normally associated with investing in digital currencies. Cryptocurrencies are
simply held in the form of securities in the client’s existing account. ”
With regard to “other services in the pipeline for Italian customers”, we read that “already over 500,000 customers have placed their trust in the unicorn fintech Scalable Capital, with over 6 billion euros invested on the platform”.
“Scalable Broker, offering savings plans and crypto is just the beginning – says Erik Podzuweit – We aim to launch our complete investment platform on the Italian market. We will make it accessible to Italian clients.
numerous additional services, including our robo advisor, the industry leader in Europe “.
The release reminds that “Scalable Capital is a leading digital investment platform in Europe that aims to make investments easy and accessible to all. With Scalable Broker, clients can trade stocks, ETFs, funds, cryptocurrencies independently and then create their own portfolio. Instead, with Scalable Wealth, the service of Robo Advisor, clients can have their savings professionally invested through the digital wealth management service. More than 500,000 clients already use these services. Scalable Capital was founded in 2014 and is already active in Germany, the UK, France, Spain, Italy and Austria. The investment firm, which is supervised by BaFin and the Bundesbank, has more than € 6 billion on its platform. In addition to its business for private customers, the company develops B2B solutions
long-standing include ING, Barclays Bank in the UK, robo-advisor Oskar and the Santander group in Spain. Scalable Capital employs more than 380 people in its Munich, Berlin and London offices. Together with the founding and management team around Erik Podzuweit and Florian Prucker, they work to enable everyone to become investors. “