Italian investors can trade without commissions and with no foreign exchange fees in 6,000 global shares, more than 1,500 ETFs and 1,700 mutual funds, and all major cryptocurrencies.
Scalable Capital, on its mission to become Europe’s leading digital investment platform, expands its investment platform to Italy, according to a press release.
With Scalable Broker and Scalable Crypto the company introduces convenient and cost-effective trading and savings plans in shares and exchange traded funds (ETF) as well as cryptocurrencies to Italian retail investors. Regulated by the German financial supervisory authority BaFin and registered with CONSOB, Scalable Capital provides a secure and innovative full-service brokerage offering.
Erik Podzuweit, Founder and co-CEO of Scalable Capital: ‘Italians have significantly accumulated savings in the past few years and more and more people are in a position to invest. Our comprehensive and easy-to-use online trading platform aims to appeal to the Italian investor. Investment should be simple and for everyone. By offering accounts with no minimum investment and no hidden commissions, we want to empower investors to participate in economic growth. Anyone thinking about investing should think of 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 Capital’s presence in the Italian market. “Italians have a high propensity to save money, usually storing it in deposit accounts and government bonds. However, rising inflation and the low yields of these instruments are enabling more and more Italians to consider investing in the financial markets.”
The Scalable Broker offers Italian clients a full-service brokerage. They gain access to over 6,000 global shares including Italian blue chips, US tech stocks and Asian growth shares. Since all trades are routed to regulated European exchanges and settled in euros, no foreign exchange fees are incurred. Investors can diversify their investment via more than 1,500 ETFs and 1,700 mutual funds as well as all major cryptocurrencies.
Features like extended trading hours (08:00 to 22:00), free real-time price data, price alerts and many more are united in a modern and intuitive interface on web and mobile apps (iOS and Android). Multi-channel client service including tax reportings tailored to Italian tax laws complete the offering.
The company offers different pricing models to suit every demand: The FREE Broker offers commission-free shares and ETF savings plans and commission-free trades in over 700 PRIME partner ETFs (iShares by BlackRock, Invesco and DWS Xtrackers). Orders in other instruments start at just 0.99 euro. The PRIME Broker includes all perks of the FREE Broker plus a trading flat rate with an unlimited number of trades for a monthly fee of 2.99 euro.
Scalable Crypto offers easy, affordable and secure access to crypto investments via regulated European stock exchanges. „What’s unique about Scalable’s crypto offering is that it combines the security of trading on a regulated exchange with physically-backed exposure to the cryptocurrency asset class,” the company says.
There is no need to open a separate wallet or pay for the costly secure custody of the digital coins. The cryptocurrencies are simply held in the form of securities on the customer’s existing brokerage account.
Already, over 500.000 clients trust the fintech unicorn with over 6 billion euros on its platform.
Erik Podzuweit: ‘The online broker, with savings plans and crypto is only the beginning. We aim to roll out our full investment platform to the Italian market. We will make even more services accessible to our Italian clients such as our leading robo advisor.’
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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 euros on its platform. In addition to its business for private customers, the company develops B2B solutions. Its long-standing partners include ING, Barclays Bank in the UK, the robo-advisor Oskar and the Santander Group in Spain.
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