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Rating Index
Pros
Offers a range of resources and aids for traders, which can be beneficial for both new and experienced investors.
Potentially lower fees compared to regulated brokers, appealing to cost-conscious traders.
User-friendly website, making it easy for clients to navigate and access information.
Cons
Not a regulated broker, which raises concerns about safety and reliability for investors.
Lacks transparency regarding company ownership and location, making it difficult for clients to verify its legitimacy.
Limited information on account types and trading platforms, which may hinder traders looking for specific services or features.
Scale Capital broker Accounts
Scale Capital Account Type
Scale Capital offers two primary account types for investors: Free Broker Depot and Prime Broker Depot.
- Free Broker Depot:
- Monthly Fee: €0
- Transaction Costs: €0.99 per trade for stocks; commission-free for selected ETFs if a minimum investment of €250 is made.
- Savings Plans: Allows creation of one free savings plan with a minimum savings amount of €25.
- Prime Broker Depot:
- Monthly Fee: €2.99
- Transaction Costs: Commission-free trading for stocks and ETFs with a minimum investment of €250; orders below €250 incur a €0.99 fee.
- Additional Features: Unlimited transactions without additional costs.
- Prime Broker Flex:
- Monthly Fee: €4.99
- Features: Similar to Prime Broker but with monthly payment flexibility.
- Sign Up:
- Visit the Scale Capital website and click on "Open Account".
- Enter your email address and verify it through the link sent to your inbox.
- Choose Your Account Type:
- After email verification, select from the available account types: Free Broker, Prime Broker, or Prime Broker Flex.
- Provide Personal Information:
- Fill in required personal details such as name, marital status, citizenship, address, and IBAN number.
- Make your first deposit, with a minimum of €25 recommended for starting a savings plan.
- Identity Verification:
- Complete the identity verification process using the PostIdent app, which requires entering a 12-digit verification number provided by the Scale Capital app.
Scale Capital Broker Account Opening Process
Opening a broker account with Scale Capital involves a straightforward process that can be summarized in four steps:
Once these steps are completed, your account will be activated within a few days, allowing you to start trading.
Scale Capital Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
Scale Capital accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .