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Scalable Capital vs Thndr: fees, markets and protection

Facts for both companies from their official pages; each was checked on the date shown in its review.

Facts verified on October 18, 2026

Key differences

Only Scalable Capital lists European Investor Exchange (Hanover Stock Exchange), gettex (Munich Stock Exchange), and Xetra (Deutsche Börse).
Only Thndr lists Egyptian Exchange (EGX), US exchanges (NYSE, Nasdaq), and Abu Dhabi Securities Exchange (ADX).
Only Scalable Capital is licensed by BaFin.
Only Thndr is licensed by FRA (Egypt) and FSRA (ADGM).
Only Thndr supports Vodafone Cash for deposits and withdrawals.

Criterion	Scalable Capital	Thndr
Rating	4.5/5 on other platforms 122.4K ratings	3.7/5 on other platforms 29K ratings
Regulators	BaFin	FRA (Egypt), FSRA (ADGM)
Minimum deposit	No minimum	—
Markets	European Investor Exchange (Hanover Stock Exchange), gettex (Munich Stock Exchange), Xetra (Deutsche Börse)	Egyptian Exchange (EGX), US exchanges (NYSE, Nasdaq), Abu Dhabi Securities Exchange (ADX)
Products	stocks, ETFs, bonds, funds	stocks, ETFs, fractional shares, funds
US stock or ETF order	€0.99 per order	$0.20 per order, 0.1% of the order, $0.0015 per share
Investor protection	Entschädigungseinrichtung deutscher Banken (statutory deposit guarantee)	Egyptian Investor Protection Fund
Deposits and withdrawals	Bank transfer	InstaPay, Vodafone Cash, Bank transfer, Visa / Mastercard
Available only in	Germany, Austria, Italy, France, Spain, Netherlands	—
Founded	2014	—
Headquarters	Germany	—
	Read review	Read review

Which regulators license Scalable Capital and Thndr?

Scalable Capital is licensed by BaFin; Thndr by FRA (Egypt) and FSRA (ADGM).