Welcome to the new Scalable Capital

What does the new Scalable mean?

We set new standards for private investing: Our Broker 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 and a new stock exchange.

With the new offering, clients will enjoy:

• Direct account management: Open accounts directly with Scalable Capital, enhancing the trading experience.
• Additional stock exchange: Trade on the newly launched European Investor Exchange (EIX), designed for retail investors.
• Service upgrade: Fast payment processes
• Cash balances are safeguarded in accounts with partner banks and in money market funds. Initially, these are Deutsche Bank, J.P. Morgan Asset Management, DWS and BlackRock. 3% p. a. variable interest is passed on to investors for Broker cash balances of up to €500,000 in the PRIME+ Broker and up to €50,000 in the FREE Broker.

I am already a client. What do I need to do?

These are the next steps for you as an existing client:

• Login to your account. There you will find all necessary steps to agree to the new terms and conditions and give the transfer instructions.
• In a few weeks after your instructions, we will open your new account with Scalable Capital. This will allow you to take advantage of the new offer. You will be notified as soon as this is ready for you.
• Our account switch service will then transfer your existing securities to your new Scalable account. We take care of the process for you. You don't have to do anything else. We will inform you once the account switch can begin.

Good to know: The app and your login details remain unchanged. No re-identification is required. All previous data and transactions will continue to be accessible in your client area.

What is the EIX?

The European Investor Exchange (EIX) is Europe's most modern stock exchange, specifically focused on the needs of individual investors. Scalable Capital operates EIX in cooperation with the Hanover Stock Exchange. Scalable Capital provides technology and liquidity. The Hanover Stock Exchange is responsible for the oversight according to German public law, particularly for trading supervision.

Can I decide which exchange to use for my trades?

Yes, you have full flexibility to select the venue when placing an order. Besides EIX, 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?

No. We are an investment firm, which means we can handle your securities account and all investment-related services. For your cash balances, we work with partner banks and money market funds. In addition to managing the securities accounts, we have applied for authorization for deposit business to be able to accept client deposits ourselves in the future.

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

Cash balances are deposited in accounts with partner banks and in money market funds. Initially, these are Deutsche Bank, J.P. Morgan Asset Management, DWS, and BlackRock. The statutory deposit guarantee of the partner banks is €100,000 per client. For money market funds, European investor protection rules (UCITS) apply regardless of the amount.

In case of insolvency of Scalable Capital, you are entitled to the return of your securities. These are not part of the bankruptcy estate and are therefore protected.

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 estate of Scalable Capital or the fund issuer.

When can I use the new offering as an existing client?

Existing clients will gain access to the new offerings within a few weeks. The prerequisite for this is that you agree to the new terms and conditions, which can be done via the client area when you log in. We will notify you as soon as the new offering is available for you.

Can I open a second account as an existing client to use the new offering fast?

No, as an existing client, it is not possible to open a second account on your own to access the new offering. The fastest way to access the new offering is to accept the terms and conditions. In a few weeks, you will be able to automatically take advantage of the new offering. We will update you with a more concrete timeline in due course.

Will my Baader account be switched to Scalable Capital?

Yes, our account switch service will then transfer your existing securities to your new Scalable account. We take care of the process for you. You don't have to do anything else. We will inform you once the account switch can begin.