Scalable Capital Referral 2026: €25 Reward + Fee-Free ETFs

Opening is 100% digital and takes about 15 minutes. You enter your details, complete the regulatory investor-profile questionnaire (mandatory in Europe), then verify your identity via the app. Scalable Capital offers a standard securities account (taxable) — it does not offer tax-advantaged local wrappers (like a French PEA), its main tax drawback for some investors. If a tax wrapper is a priority, a broker like Saxo Bank or Degiro is worth considering. Once validated, you make a first transfer and can invest immediately across 7,500+ stocks, 1,900+ ETFs and selected cryptocurrencies.

The core of the Scalable Capital offer today is its referral programme: for each friend who opens an account via a referral link and invests at least €250 within 6 months (without closing the account), the referrer receives €25. The cap is 10 friends a year, i.e. up to €250 in rewards (checked August 2026).

Beware of outdated amounts circulating online: the €50 welcome bonus and the free share (Tesla, Apple, Zalando…) sometimes quoted are no longer available in 2026. The "€50" still seen on some forums refers to a German offer (de.scalable.capital), not applicable to accounts opened elsewhere.

So for a new client the immediate value is not a cash bonus but fee-free brokerage access: 1,200+ commission-free ETFs above €250, free DCA plans and 2% cash interest on PRIME+. Once your account is open, you can refer friends in turn and earn €25 each. To compare opening bonuses, see Trade Republic or Trading 212.

Scalable Capital offers two pricing models:

On Free Broker, each order on Gettex (Munich exchange) costs €0.99 regardless of size — very competitive for small amounts. On PRIME+, all orders above €250 are commission-free, which pays off once you place more than ~5 orders a month. Automatic DCA plans are free on both — a major plus for investors who want to invest a fixed amount regularly in ETFs.

A distinctive strength of Scalable Capital is access to more than 1,200 commission-free ETFs for any order above €250 — on Free Broker and PRIME+. The selection covers the big issuers: iShares (BlackRock), Amundi, Vanguard and Xtrackers (DWS). In practice, an investor building a diversified portfolio of world, bond and emerging-market ETFs can do so with near-zero fees, provided orders exceed €250. Automatic DCA plans are fully free: you schedule a recurring monthly investment in an ETF and the platform executes it automatically — the favourite feature of long-term investors smoothing their entry. Compare also Trade Republic and Degiro for similar positioning.

Like most European neobrokers, Scalable Capital prefers a referral link over a classic alphanumeric code. The result is the same: an opening benefit, with no code to find or copy. "Scalable Capital promo code", "referral" and "welcome offer" all mean the same mechanism. This page publishes the current verified offer — today, a €25 referral per friend (after €250 invested, up to 10 friends).

Note: the programme rewards the referrer (the person inviting); the new client does not receive a guaranteed cash bonus in 2026 — their upside is fee-free ETF access and free DCA plans. For other brokers working via referral links, see Trade Republic and Degiro.

Since 2022, Scalable Capital also offers access to a limited number of cryptocurrencies (Bitcoin, Ethereum and a few major altcoins) directly from the brokerage interface — integrated into the existing securities account, with no separate account needed. This is access to crypto ETPs or assets listed on Gettex — not direct blockchain access or a crypto wallet (you do not hold the private keys). It suits investors wanting marginal crypto exposure within a regulated framework. For broader exposure or DeFi, specialised platforms like Coinbase or Bitpanda have far wider catalogues. High capital-loss risk on crypto. Separately, PRIME+ pays 2% a year on uninvested cash (2026 rate, variable) automatically — a net advantage versus brokers that pay nothing, though below some dedicated savings accounts.

Scalable Capital is a German neobroker founded in 2014 managing over €15 billion for 600,000+ clients across Europe. Available in France, it helped democratise low-fee ETF investing. Strengths: no-fee ETFs across 1,200+ products, free automatic DCA plans, a clear mobile app, 2% cash interest, responsive support. Main caveat for some investors: no tax-advantaged local wrapper — only a standard taxable securities account. For long-horizon investors (5 years+), a tax wrapper's advantage can offset slightly higher fees at a competitor like Saxo Bank. The welcome offer is for new clients only; the investor-profile questionnaire is mandatory; a first deposit is usually required to activate referral benefits (DCA can start from €1/month). Investing carries capital-loss risk; the 2% cash rate is variable and not guaranteed. Scalable Capital is BaFin-regulated and passported across the EU. In 2026 it is among the most recommended neobrokers for ETF investors, alongside Trade Republic and Degiro.