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Direct Register Shares from Scalable Capital

Updated: Oct 21, 2023

Scalable Capital does not direct register shares, so you need to transfer your shares to another broker that can do a DRS transfer. A popular route has been through Interactive Brokers (IBKR).

The quickest way is to open an IBKR account, buy a share, and request a DRS transfer (link to guide here). While you wait for your Computershare account to be created, you can transfer your shares from Scalable Capital to IBKR with a Basic FOP Transfer (free). Then from IBKR to Computershare via DRS transfer for a $5(US) fee.

Disclaimer: As Scalable Capital uses Baader Bank for investing, you must contact Baader Bank about the transfer and use your Baader Bank account number instead of your Scalable Capital one.

How to Transfer:

  • You need to create a Letter of Instruction, to do this you need to submit a transfer request with the receiving broker (IBKR).

  • Login in your IBKR account, and click on “Transfer & Pay” from the top menu and select “Transfer Positions”.

  • On the next page select “Incoming”.

  • On the next page select “All Other Regions” from the drop down menu.

  • On the next page select “Basic FOP Transfer".

  • Select SCALABLE CAPITAL on the drop down list.

  • Put your Baader Bank account number on the field : “Your Account Number at the Financial Institution".

  • Choose your account type (most likely individual).

  • Put the Country “Germany”.

  • Put the Contact Email

  • You have to add the asset you want to transfer, click on “Add Asset".

  • In the pop up window, search which stock you'd like to transfer (GME). Then click on “Search".

  • On the next page, click on the row “GAMESTOP CORP-CLASS A / NYSE".

  • Put how many shares you'd like to transfer Click on “Save and Finish".

  • On the next page you'll see a summary of the transfer. Write in your name as it shows on the page and click on “Continue”.

  • Interactive Brokers will then generate a Letter of Instruction for you. Click on “View Form”, then click on “Print”.

  • Print, sign, and scan the form back in.

  • Once the Letter of Instruction is signed, and scanned in- send an email to

  • For the subject write: “(Your Baader Bank Account Number) - Transfer out Request”.

  • For the email write: “Please see the attached Letter of Instruction as authorization for my request to transfer the securities held in my Baader Bank investing account, to my Interactive Brokers account".

  • Attach the Letter of Instruction.

  • Hit "Send".

The transfer should be performed in 5-15 business days. You will receive an email confirming that the transfer was successfully performed.

After your shares reach IBKR:

Now you are able to request the DRS transfer from IBKR to Computershare. To do this you can follow our guide on how to DRS transfer from IBKR (link to guide here).



If you have any corrections, or know of any other brokers, please let us know through the feedback page!

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