Scalable Capital announced the expansion of its product portfolio within the broker to include derivatives. Clients are now able to trade certificates, warrants or other leveraged products from the cooperation partners HSBC and HypoVereinsbank onemarkets. Goldman Sachs will join as a third partner soon. Scalable is an online broker and Europe’s largest digital wealth manager.
Erik Podzuweit, co-founder and co-CEO of Scalable Capital, said in a statement: “The derivatives launch is by far the largest product expansion since the broker launched just one year ago. It enables active and experienced private investors to pursue their individual investment strategies even better. With the introduction of derivatives trading, we are taking another big step towards becoming Europe’s leading digital investment platform.“
In addition to the existing investment universe of the Scalable Broker of around 10,000 shares, ETFs, Crypto-ETPs and funds, there are now around 300,000 new products – in the “PRIME Broker” fee model with a consistently affordable trading flatrate starting at 2.99 euros per month for individual trades. Scalable Capital thus offers the broadest flatrate offer for derivatives in Germany. Alternatively, clients can trade the new products in the “FREE Broker” price model for 0.99 euros per trade.
“Whether for hedging, for stabilizing returns in sideways markets or for short-term participation in market movements: Derivatives are an integral part of the portfolios of private and professional investors,” said Matthias Hüppe, head of Derivatives Public Distribution at HSBC Germany, in a statement.
Scalable Capital’s shareholders include, BlackRock, Tencent, HV Capital and Tengelmann Ventures, among others.