Terms and conditions

Existing clients of wealth management and/or brokerage may recommend brokerage as well as wealth management of Scalable Capital GmbH ("Scalable Capital") to new clients in accordance with these terms and conditions.

A. Recommendation of a brokerage securities account

Reward for a successful brokerage securities account recommendation: EUR 25.00.

A successful recommendation of a brokerage securities account requires:

• Existing Scalable Capital clients share their individual invitation link with their friends (“Existing Client”).
• New clients of Scalable Capital open their first brokerage securities account via the invitation link (prerequisite for opening a brokerage securities account is a successful identification via Deutsche Post AG or via Fourthline B.V. The identification options for clients are dependent on the client’s place of residence. There must be no objective reasons against acceptance as a client), (“New Client”).
• The New Client remains a client, with a positive cash balance, of the corresponding brokerage securities account, for 6 months after successful opening. In addition, the New Client has one or more trades executed with a total traded volume of min. EUR 250.00 in the form of savings plan executions or purchase orders, within 6 months after successful opening of a brokerage securities account.

Participation in the practice of a trade or for commercial purposes is excluded. The Existing Client must ensure that the invitation is sent only to persons who agree to receive it. If the New Client does not remain a client of the corresponding brokerage securities account for 6 months after the successful opening or does not complete the required trades in the form of savings plan executions or purchase orders within 6 months after the successful opening of a brokerage securities account, the reward entitlement shall lapse.

The reward will be paid out by Scalable Capital to the clearing account of the Existing Client, normally after 6 months. As a prerequisite for the payout, the New Client must have fulfilled the terms and conditions.

The reward may be withheld or reclaimed in the event that Scalable Capital considers, in its reasonable opinion, that the participant has breached and/or acted contrary to these terms and conditions. Scalable Capital reserves the right to satisfy clawback claims (e.g. in case of forfeiture of the bonus or violation of these terms and conditions of participation) from the clearing account (belonging to the relevant securities account) and it is entitled to instruct the custodian bank to make the corresponding payments. This also applies in particular, but not exclusively, in the event of attempted manipulation, broadcasting/distributing on public/private mediums, untrue information, in particular about the client's own person, the violation of legal provisions and/or the rights of third parties.

The Existing Client is entitled to receive a maximum of 10 rewards in the amount of EUR 25.00 each. As a clarification, the number of referrals is unlimited while the maximum amount the Existing Client may receive within this brokerage securities account refer a friend program is EUR 250.00, regardless of the number of referrals made.
A maximum of one bonus will be paid out per recommended New Client, even if he/she fulfils the terms for Recommendation of a brokerage securities account and of a wealth management portfolio. In this case only the bonus is paid out whose terms were met first. In case the terms for Recommendation of a brokerage securities account and of a wealth management portfolio are met simultaneously, the earlier time of reaching the required total traded volume applies.

B. Recommendation of a wealth management portfolio

Reward for a successful recommendation of a wealth management portfolio: EUR 50.00.

A successful recommendation of a wealth management portfolio requires:

• Existing Scalable Capital (“Existing Client”) clients share their individual invitation link with their friends.
• New clients of Scalable Capital open their first wealth management portfolio via the invitation link (prerequisite for opening a wealth management portfolio is a successful identification via Deutsche Post AG or via Fourthline B.V. The identification options for clients are dependent on the client’s place of residence. There must be no objective reasons against being accepted as a client), (“New Scalable Wealth Client”).
• The minimum investment amount is paid in by the New Scalable Wealth Client and he/she remains a client of a wealth management portfolio (with an invested amount of at least the minimum investment amount) for at least 6 months after the successful opening of the wealth management portfolio. Otherwise the entitlement for the bonus expires.

Participation in the practice of a trade or for commercial purposes is excluded. The Existing Client must ensure that the invitation is only sent to persons who agree to receive it. The reward will be paid out by Scalable Capital to the clearing account of the Existing Client, no later than 1 month following the deposit of the minimum investment amount by the New Scalable Wealth Client. The reward entitlement expires if the New Scalable Wealth Client does not remain a client of a wealth management portfolio (with an invested amount of at least the minimum investment amount) for at least 6 months after the successful opening of the wealth management portfolio.

The reward will be paid out by Scalable Capital to the clearing account of the Existing Client, normally after 6 months. As a prerequisite for the payout, the New Client of Scalable Wealth must have fulfilled the terms and conditions.

The Existing Client is entitled to receive a maximum of 10 rewards in the amount of EUR 50.00 each. As a clarification, the number of referrals is unlimited while the maximum amount the Existing Client may receive within this wealth management portfolio refer a friend program is EUR 500.00, regardless of the number of referrals made.

A maximum of one bonus will be paid out per recommended New Client, even if he/she fulfils the terms for Recommendation of a brokerage securities account and of a wealth management portfolio. In this case only the bonus is paid out whose terms were met first. In case the terms for Recommendation of a brokerage securities account and of a wealth management portfolio are met simultaneously, the earlier time of reaching the required total traded volume applies.

C. For clarification

New Clients and New Scalable Wealth Clients (jointly “New Referred Clients”) are all persons who have not previously been a client of Scalable Capital. Existing Clients and New Referred Clients cannot be the same person. The payment of the reward to the Existing Client requires that he/she is still a client of Scalable Capital's brokerage or wealth management at the time of payment.

D. Important

For clients whose place of residence is Germany, the reward is tax-free if the Other Income (Sonstige Einkünfte) according to § 22 No. 3 EStG (including this reward) amounts to less than EUR 256.00 in a calendar year. Scalable Capital does not provide tax or legal advice and does not make any statements regarding the assessment of the individual tax situation (in particular corresponding obligations) of the client. This is solely the responsibility of the client and can be clarified, if necessary, e.g. with the responsible tax office or a tax advisor.

The campaign may be terminated or adjusted without notice.

Employees of Scalable GmbH and affiliated companies and their relatives are excluded from participation.