Scalable Capital: ChatGPT Trades Live on Brokerage Accounts

Scalable Capital, a neobroker based in Munich, has introduced "Agentic Investing," allowing AI chatbots like ChatGPT to execute live trades on retail brokerage accounts. This marks the first time a European financial institution has enabled a general-purpose AI chatbot to directly manage customer portfolios. Here's the thing: this isn't just a robo-advisor. It's an external large language model, which can also answer questions about pizza recipes, translating natural language instructions into live buy and sell orders. If you have a Scalable Capital account and activate this feature, you're giving an AI application outside of Scalable Capital's control the ability to modify your portfolio. What's interesting is the substantial feature set. Customers can instruct the AI to execute trades, establish savings plans, manage watchlists, set price alerts, and conduct searches across various investments. The AI can also create personalized newsletters, compare portfolios, calculate savings rates, and even generate interactive dashboards. The bottom line: this development changes how AI interacts with personal finances, offering both powerful new tools and significant implications for control over your investments.