Welcome to the new Scalable Capital

What does the new Scalable mean?

We set new standards for private investing: Broker, digital wealth management, and loan offerings are seamlessly integrated into a newly developed technology platform. Investors can now open securities accounts directly with Scalable Capital. Clients benefit from the best conditions for trading, additional strategies in digital wealth management, and a new stock exchange (European Investor Exchange).

With the new offering, clients will enjoy:

• 3% interest p.a.* (variable) on up to €500,000 in PRIME+ and €50,000 in FREE; interest according to special conditions at Baader Bank.
• All securities accounts in the Scalable app; switch via Profile
• No additional costs, regular PRIME+ fee will be charged from your account at Scalable (primarily, dependent on cash balance) or Baader Bank
• Quick Start: Automatically import your Savings Plans, Price Alerts, Portfolio Groups and Watchlist to your Scalable account

As an existing client, when can I access the new offering?

From now on, broker clients will receive the new Scalable account in addition to the accounts with Baader Bank. Access is currently being activated step by step in the upcoming days.The prerequisite for this is that you agree to the new terms and conditions.

With the new Scalable account, you will have access to the new European Investor Exchange exchange, fast payments and we pay 3% interest p.a.* (variable).

Do I receive the same interest rate in both accounts?

In your new Scalable account you earn 3% interest p.a.* (variable) on up to €500,000 in PRIME+ and €50,000 in FREE. The current rates can be found here.

For cash in your Baader Bank account interest rates according to special conditions at Baader Bank apply.

How can I deposit cash into the new Scalable account?

You can easily instruct deposits and withdrawals in your client area under Payments. Alternatively, you can also transfer from your current account. When making a deposit, please ensure you use your new Scalable IBAN.

How can I transfer cash between my two accounts?

To transfer cash between your Scalable and Baader accounts, first instruct a withdrawal to your current account (reference account) in the Scalable client area of the respective account. You can then deposit the cash to your other account via bank transfer, direct debit, or Scalable Instant.

Starting in the fourth quarter of 2025, as part of the automatic account transfer service, your cash balance from the Baader account will be directly transferred to your Scalable account.

Can I transfer my securities from another broker or bank to the new Scalable account?

This will already be possible in February. Once available, you can conveniently initiate the transfer like so: Under Profile in the Products tab, you can start an individual or total transfer. More information can be found here.

Can I transfer my securities from the Baader account to the new Scalable account?

Please use our account transfer service in the fourth quarter of 2025 for this purpose. Only in this way can we ensure a smooth transfer of your securities with our partner Baader Bank.

Your accounts at Baader (Wealth and Broker) will be transferred including cash, savings plans and fractions. After the transfer we will close your account. Your account at Scalable will then contain all your positions as well as your transaction history and documents. We will inform you beforehand.

Securities transfers require manual processing steps at both the sending and receiving institutions, as well as coordination with the clearing houses and other parties involved. Therefore, we will carry out the transfer service for our clients collectively in the fourth quarter of 2025. This is the only way we can plan with sufficient lead time and provide an orderly and trouble-free transition. We will work closely with our partner Baader Bank, the custodians, and all other relevant parties.

Will I receive a new IBAN?

Yes, you will receive a new IBAN for the new Scalable account. You can find it in the app under Profile > Account details (Scalable Capital) > Products. On the website, it can be found under Profile > Products > Product Details.

Your Baader Bank IBAN remains. You can find it under Profile > Account details (Baader Bank) > Products. On the website, it can be found under Profile > Products > Product Details.

How do I gain access to the new Scalable?

Log into your client area. There, you can agree to the new terms and conditions to get access to the new Scalable.

If you already gave your consent, you do not need to take any further action. We will automatically open the new Scalable account for you.

Do I still have access to my Baader account?

Yes. You will still have access to all existing accounts at Baader Bank alongside the Scalable account. Your app and access credentials will remain unchanged. No reidentification is required. In the app, you can easily switch between your existing Baader and your new Scalable securities account in the profile. On the web, this can be done via the side bar navigation.

For more information about the new Scalable account, please click here.

Where will my PRIME+ or PRIME fee be deducted from in the future?

The regular PRIME+ or PRIME fee will only be charged from one account, depending on the availability of cash in your Scalable and Baader accounts. If cash is insufficient in both accounts your Scalable account will be overdrafted and you will be informed in a message.

Will my Baader account be transferred to Scalable Capital?

Yes, your accounts at Baader (Wealth and Broker) will be transferred including cash, savings plans and fractions. After the transfer we will close your account. Your account at Scalable will then contain all your positions as well as your transaction history and documents. We will inform you beforehand.

We will take all necessary measures to facilitate a seamless transition with our partner Baader Bank. You don’t have to take any action. You will be informed before the start of the transfer.

What specific changes will there be for Scalable Wealth?

Existing Wealth portfolios will remain with Baader Bank until the fourth quarter of 2025, and the terms for these will not change until the transfer. Your existing portfolios will be transferred from Baader Bank to your new Scalable account in the fourth quarter of 2025 – we will inform you in advance.

You can now use the new Scalable when opening a new Wealth portfolio:

• In the app, this can be done through your Profile, and on the web, it is straightforward via the homepage of your client area under Add Product
• You will also benefit from the new Scalable offering, e.g. two new investment strategies and consolidated monthly statements

What is the European Investor Exchange?

The European Investor Exchange is Europe's most modern stock exchange, specifically focused on the needs of individual investors. BÖAG Börsen AG operates at the Hanover Exchange the electronic trading segment European Investor Exchange. BÖAG Börsen AG has outsourced the technical operation of the European Investor Exchange to Scalable GmbH and concluded a contract with Scalable GmbH. Scalable Capital GmbH and mwb fairtrade Wertpapierhandelsbank AG provide as market makers liquidity on the European Investor Exchange. You can find the website of the European Investor Exchange here.

Can I decide which exchange to use for my trades?

Yes, you have full flexibility to select the venue when placing an order. Besides European Investor Exchange, the other venues include gettex (Munich Stock Exchange) and Xetra (Deutsche Boerse). The costs for trading on gettex and Xetra have not changed.

Is Scalable a bank now?

Yes, Scalable Capital Bank GmbH operates as a fully licensed German bank under the supervision of the Federal Financial Supervisory Authority (BaFin), as of September 10, 2025. Scalable Capital is authorized by the European Central Bank (ECB) to conduct deposit and lending business, which means it can hold client funds, provide loans, offer a range of banking services, and continue managing securities accounts.

What happens in case of insolvency of Scalable Capital or the partner banks?

Cash balances in PRIME+ will be held among Scalable Capital Bank and multiple partner banks, from October 1, 2025 onwards. When distributing cash, we also consider the amount held by Scalable Capital at the respective bank, the statutory deposit protection of €100,000 per customer and bank, and any additional protection schemes. We distribute all other cash balances across partner banks and qualified money market funds in addition to Scalable Capital Bank. These rules for cash distribution can be changed without notice.

We exercise the necessary care and diligence when selecting, commissioning and regularly monitoring trustee banks and qualifying money market funds. As part of our due diligence, we continuously review the need for allocation to various trustee banks and/or qualifying money market funds. In doing so, we take into account the available capacities at the partner banks, the respective conditions of the partner banks and qualifying money market funds, your deposits and withdrawals, your trading activity as well as taxes and fees. This means that you can carry out all transactions regardless of how your cash is distributed. The distribution of your cash balance can vary accordingly and is not subject to a fixed ratio. This can also mean that your cash balance is only held at a trustee bank or only at a qualifying money market fund.

You can view the distribution of the cash balances in your Scalable account in the monthly account statement and at any time in your app or on the web.

Please note our risk information on the safekeeping of cash balances.

What is a money market fund?

For your broker account, we work with partner banks as well as qualifying money market funds. These are closely regulated funds that have to meet the following requirements:

• Adhere to European investor protection rules (UCITS), regardless of the amount you invest.
• Their primary aim is to keep the value of the fund stable.
• They invest exclusively in high-quality short-term instruments (e.g., treasury bills, commercial papers, or certificates of deposit) with an average maturity of 60 days.
• Provide liquidity through same-day or next-day settlement.

Like all securities, money market funds are segregated assets and therefore would not be part of the insolvency assets of Scalable Capital or the fund issuer.

Please be aware of the risks of money market funds.