AJ Bell
FCA
Scalable Capital
BaFin
AJ Bell vs Scalable Capital
Head-to-Head Comparison 2026
Our Verdict
Scalable Capital has a higher rating of 4.4/5 compared to AJ Bell (4.2/5). Scalable Capital is BaFin-regulated, while AJ Bell is supervised by FCA. AJ Bell has been in the market since 1995, making it the more experienced provider.
Comparison Table
| Criteria | AJ Bell | Scalable Capital |
|---|---|---|
| Rating | 4.2/5 (1100 reviews) | 4.4/5 (1200 reviews)✓ |
| Regulation | FCA | BaFin |
| Fees | £5 per trade (11+ trades: £3.50), custody fee 0.25% | PRIME+ flat rate €4.99/month or €0.99 per trade |
| Min. Deposit | 0 £ | 0 € |
| Instruments | Stocks, ETFs, Funds, Bonds, Investment Trusts | Stocks, ETFs, Funds, Crypto, Derivatives |
| Platforms | AJ Bell App, AJ Bell Web | Scalable Broker App, Scalable Broker Web |
| Options Trading | No | No, no options trading |
| Founded | 1995 | 2014 |
| Headquarters | Manchester | Munich |
Detailed Comparison
Fee Comparison
AJ Bell: £5 per trade (11+ trades: £3.50), custody fee 0.25%. Minimum deposit: 0 £.
Scalable Capital: PRIME+ flat rate €4.99/month or €0.99 per trade. Minimum deposit: 0 €.
Product Range
AJ Bell (5 categories)
Scalable Capital (5 categories)
Trading Platforms
AJ Bell
- AJ Bell App
- AJ Bell Web
Scalable Capital
- Scalable Broker App
- Scalable Broker Web
Regulation & Security
AJ Bell is regulated by FCA (HQ: Manchester).
Scalable Capital is regulated by BaFin (HQ: Munich).
Who Is It For?
AJ Bell
UK investment broker with low costs and broad fund offering
✓ Low trading fees for frequent trading
✓ Publicly traded company (FTSE 250)
✓ Wide selection of funds and ETFs
✗ Custody fee on fund holdings
✗ Platform less modern than neobrokers
Scalable Capital
Neobroker with flat-rate trading and robo-advisor
✓ Flat-rate trading with PRIME+
✓ BaFin-regulated
✓ Over 7,800 stocks and 2,500 ETFs
✗ No options trading
✗ Limited trading venues (gettex/Xetra)
Frequently Asked Questions
Is AJ Bell or Scalable Capital cheaper?
Which broker offers more products: AJ Bell or Scalable Capital?
Which broker is better regulated?
Is AJ Bell or Scalable Capital better for beginners?
AJ Bell vs Scalable Capital: Which broker is better overall?
AJ Bell
UK investment broker with low costs and broad fund offering
Open Account →From 0 £ min. deposit
Scalable Capital
Neobroker with flat-rate trading and robo-advisor
Open Account →From 0 € min. deposit