A Step by Step guide for opening your FREE Depot with Scalable Capital in Germany
Before getting into the details of opening a Depot with Scalable Capital, let us cover the basics of a ‘Depot’.
- What is a Depot?
- Why do I need a Depot account?
- Why should I invest at all?
- What is Scalable Capital? Why should I open my Depot with Scalable Capital?
- How do I know if I am eligible for a Depot with Scalable Capital?
- I am willing to open a Depot with Scalable Capital. How do I get started?
What is a Depot?
A ‘Depot’ , short for ‘depository account’, is a German financial account held with an institution where your financial instruments such as stocks, ETF, Funds etc., are deposited. It is also referred to as a Wertpapierdepotkonto (Securities Deposit Account).
Why do I need a Depot account?
You need a Depot account because it enables you to trade stocks and index funds frequently, because it has low transaction costs. In fact, if you wish to invest in a company directly rather than frequent trading, a Depot account is very convenient for you to invest and keep track of your portfolio.
Why should I invest at all?
Investing is a necessity for anybody. And especially for Expats in Germany, you can earn a strong rate of return on the money that would otherwise be losing its value, sitting idle in a bank.
What is Scalable Capital? Why should I open my Depot with Scalable Capital?
Scalable Capital is a German Online trading platform that allows you to buy or sell Stocks and ETFs.
It is a low-cost investment broker you can use to start your Depot account at the convenience of your mobile phone! Furthermore, You can open a Depot for FREE, and frequently do transactions with low transaction cost. With a quick Registration process, and a user-friendly interface, Scalable Capital is the best place for you to open your Depot in Germany.
How do I know if I am eligible for a Depot with Scalable Capital?
Scalable Capital’s aims their services at people residing in Germany (both natives and expats!). However, you can still open an account with Scalable Capital, even if you do not live in Germany and would still like to use the broker, and you simply have to fulfil the following conditions:
- You are at least 18 years old.
- If you are not taxable in the USA (not a “US person” under US tax law).
- You do not have a place of residence in Switzerland.
- You have a current account that is held with a credit institution based in the SEPA area.
- Enquiring about their service as an offer from a foreign provider
I am willing to open a Depot with Scalable Capital. How do I get started?
We have got it covered! All you have to do is scroll through for a detailed, step-by-step guide on how to open your Depot with Scalable Capital.

Step 1: Signing up with Scalable Capital using your Email ID
We have made it a little easier for you to start off! You simply have to click this button below to sign up for Scalable Capital using your email ID.
This link redirects you to the webpage of Scalable Capital, where you can click the Sign Up button and fill your Email Address. Shortly afterwards, you will then recieve a link for verification in your email. Click the link to proceed.

Step 2: Choose a Broker Plan for your Depot at Scalable Capital
After verifiying your email address, you will then be taken to a page where you are asked to choose a brokerage plan. Scalable Capital has 3 different plans, namely
a) FREE Broker Depot Plan
The best thing about the FREE Broker Plan is that there are no monthly subscription costs. This plan allows you to trade ETFs, Stocks and even create one free Savings plan, with a minimum savings amount of 25 Euros. By opening a free ETF Savings Plan and investing in Scalable Capital’s PRIME PARTNER ETFs, you can do transactions without any charges!
b) PRIME Broker Depot Plan
The PRIME Broker Plan gives you the option to do unlimited number of transactions with Stocks and ETF’s without any additional transaction costs. This applies for all ETFs you choose to invest under this plan. This is honestly a great advantage as it opens up so many options for us!
c) PRIME Broker Flex Depot Plan
Finally, the PRIME Broker Flex consists of all the features of the PRIME Broker plan, at a subscription rate of 4.99 Euros per month. Unlike the PRIME Broker plan, payment for the PRIME Broker flex is done monthly.

Choose the plan that is well suited for your investment and trading practises.
(Pro tip: You can always start with the FREE BROKER and upgrade anytime afterwards if you wish to!)
Step 3: Personal Information and First Deposit with Scalable Capital
Once you choose your plan, you will be taken to a page where you need to fill out your Personal information such as Name, Title, Marital status, Citizenship, Address and your IBAN Number. You will also have to make your first deposit to get started with the Depot. For new investors, it is better to start off with a small amount. An ideal amount of money to start off your investment would be 25 Euros, as that is the minimum amount needed to start a savings plan.
Check all the information you have entered thoroughly. Upon agreeing to the Terms and Conditions, you will be redirected to the Identity Verification stage.
Step 4: Identity Verification with Postident
The POSTIDENT procedure is a method of secure personal identification of your person by Deutsche Post employees. Scalable Capital follows this procedure to confirm your identity.
You can proceed with the identity verification by downloading the Postident app on your mobile phone. You will be asked to enter a 12 digit Verification number, which as a result will be displayed from your Scalable Capital App.
Identification can be done in different methods depending on which one you have available. Choose the option that is available to you and proceed with the instructions as given on the Postident app.

Upon verifying your identity, you are all set!
Congrats! You now have finished the registration process for opening your Depot with Scalable Capital.
It will take just a few days for your Depot to be activated, so sit back and realx !
Do you want to watch a video instead?
Well, then you can check out the Video I posted on the Brandevise YouTube Channel!
Hi Bharat, I have done all these steps. My question is how to transfer bank money to Scalable Capital depot!