Scandinavian Capital Markets offers two types of accounts. The account types are Vanuatu STP/ECN & Sweden ECN. Monitored by Regulating Authorities VFSC with leverage up to 500:1, spreads from 0.0 pips, and minimum deposit from $250 / R 4000 ZAR.
| 💠Feature | 📈 Vanuatu STP/ECN Account | 📈 Sweden ECN Account |
| 💵 Minimum Deposit | $250 / R 4 000 ZAR | $10,000 / R160 000 ZAR |
| 💳 Commission | $7 commission per lot | $10 commission per lot |
| 💰 Spreads | from 0.0 pips | from 0.0 pips |
| 📊 Leverage | Up to 500:1 | Up to 100:1 |
| 📌 Trading Instruments | FX, Metals, Crypto, Commodities & Indices | FX, Metals & Crypto |
| 🔎 Open an Account | 👉 Click Here | 👉 Click Here |
Min Deposit USD 250 Regulators SFSAF Trading Platform MT4, cTrader, Currenex Crypto Yes Total Pairs 45 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Scandinavian Capital Markets Review – 8 key points quick overview:
Scandinavian Capital Markets Overview- Scandinavian Capital Markets Account Types
- Scandinavian Capital Markets Account Features
- Scandinavian Capital Markets at a glance
- Scandinavian Capital Markets Demo Account
- Scandinavian Capital Markets Islamic Account
- Scandinavian Capital Markets, Pros and Cons
- Frequently Asked Questions
Scandinavian Capital Markets Overview
Scandinavian Capital Markets is a forex broker company in Sweden.
Scandinavian Capital Markets provides traders with access to platforms that allow them to buy and sell foreign currencies. Forex brokers are also known as retail forex brokers or currency trading brokers. Retail currency traders in turn use these brokers to gain access to the 24-hour currency market for speculation purposes.
Scandinavian Capital Markets is based in Stockholm and was founded by a team of financial professionals under the guidance of Arif Alexander Ahmad and Michael Buchbinder in 2011.
Scandinavian Capital Markets was originally established as a wealth management company and obtained registration for the forex market a year later. It is authorized and registered with the Swedish Financial Supervisory Authority (FSA) (Finansinspektionen Reg. No. 556863-5972).
After five years, in 2017, Sweden’s first STP-ECN Brokerage was launched and continued to grow into a company that provides the best technology platforms and customer service to forex traders.
Scandinavian Capital Markets is safe to do business with, due to its obligatory conditions and constant overseeing of business. The broker is a better option to choose for seasoned or active traders due to the high minimum deposit.
Scandinavian Capital Markets uses sophisticated platforms and tools, which are essential and more suitable for professional or high-level trading and often required by fund managers or institutions.
The broker holds fully segregated accounts that separate clients’ funds from the company and further post-trade records make sure that Scandinavian Capital Markets integrates transparency in all its operations.
Orders are executed immediately and directly with liquidity sources and Scandinavian Capital Markets strives to zero rejects and no re-quotes.
Scandinavian Capital Markets Account Types
Scandinavian Capital Markets provides Vanuatu STP/ECN & Sweden ECN types of accounts with features like competitive spreads, low trading commissions, ultra-low latency access, and customizable, world-class, deep pools of liquidity available on all types.
The minimum deposit to open an account is $ 10 000, which is high.
Scandinavian Capital Markets Account Features
Sweden ECN Account
This is a standard STP type of account with the following features:
- A minimum deposit of $ 10 000 / R 160 000 ZAR is needed to open an account.
- No commissions per lot are charged.
- Spreads start from 1.7 pips.
- USD, GBP, or EUR can be used as a deposit currency.
- The maximum trade sizes are 50 lots per client for MT4 and $5 million per click for cTrader.
- A leverage range up to 1:100 can be used.
Vanuatu ECN / STD Account
- This can be an ECN or STP-type account.
- A $250 / R 4000 ZAR minimum deposit is required to open an account.
- Commissions are $10 per lot r/t on MT4 and $10 per lot r/t on cTrader.
- Spreads start from 0.0 pips.
- USD, GBP, or EUR can be used as deposit currencies.
- The maximum trade size for MT4 is 50 lots per client and for cTrader, it is $5 million per click.
- A leverage of up to 1:100 can be used.
Scandinavian Capital Markets at a glance
| Broker's Name | Scandinavian Capital Markets |
| 🏛️ Headquartered | Stockholm, Sweden |
| 📅 Year Founded | 2011 |
| 💫 Company Registration no. | 556863-5972 |
| ⚖️ Regulating Authorities | SFSAF |
| ⏳ SFSAF | 80438 |
| 🌐 Countries not accepted for trade | United States, Iran, Syria, North Korea, Yemen, and Cuba |
| ☪️ Islamic account (swap-free) | Yes |
| 📎Sign up Bonus | Not offered |
| 👍 Demo Account | Yes |
| 📌 Account types | Vanuatu STP / ECN Sweden ECN |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 100:1 |
| 💰 Minimum Deposit | $ 250 / R 4000 ZAR |
| 💳 Deposit Options | Bank wire |
| 💳 Withdrawal Options | Bank wire |
| 💻 Platform Types | MT4, cTrader, Currenex for Windows |
| 📱 OS Compatibility | Mobile iOS and Android |
| 📈 Tradable assets offered | Forex - 45 Trading Pairs, Metals |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | Not indicated |
| 📆 Customer Service Hours | 24 hours per day |
| 🔎 Open an Account | 👉 Click Here |
Scandinavian Capital Markets Demo Account
Scandinavian Capital Markets offers traders the option to open a demo or practice account which can be utilized in several ways, including the following:
- A practice account for beginner traders who wish to hone their trading skills and gain experience in a risk-free environment using virtual funds.
- Traders who want to evaluate and compare brokers would like to explore Scandinavian Capital Markets’ trading conditions in a risk-free environment.
- Traders who want to test their trading strategies in an imitated live trading environment without risking their own capital.
Scandinavian Capital Markets Islamic Account
- Scandinavian Capital Markets believes in traders’ rights to pursue financial goals in a fair-trading environment, hence offering Islamic accounts compliant with Sharia rules.
- Islamic accounts have no swap or rollover interest on overnight positions, in harmony with the Islamic faith, and the swap fees are replaced with daily administration charges.
- The purpose of an Islamic Account is that it caters explicitly to Muslim traders who follow the strict rules of Sharia law. These rules prevent followers from paying any type of interest, such as overnight fees, which are seen as exploitive or wasteful.
- Overnight fees are charged when traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should traders hold positions open for longer.
- Brokers offer an Islamic Account only to Muslim traders who follow Sharia law. Traders must, however, take note that there are certain features indicated on the Islamic account which may differ vastly from the other individual account types, such as minimum deposits, spreads, and more.
- Traders who are interested in registering for an Islamic account must contact the broker’s customer support team to verify the availability and current conditions of such an account as conditions may have changed from the time of writing.
Min Deposit USD 250 Regulators SFSAF Trading Platform MT4, cTrader, Currenex Crypto Yes Total Pairs 45 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Scandinavian Capital Markets, Pros and Cons
| ✔️ Pros | ❌ Cons |
| Competitive spreads | Deposit methods limited to bank wire |
| Demo account can be opened | Maximum leverage of 1:100 |
| Premium account management services | Only 45 pairs on most account types |
| Registered with SFSA | High minimum deposit of 10 000 USD |
| Solid banking partners | Limited deposit methods. |
| Transparent trading conditions | |
| Multiple trading platforms. |
Scandinavian Capital Markets Conclusion
Scandinavian Capital Markets offers two types of accounts. The account types are Vanuatu STP/ECN & Sweden ECN. Monitored by Regulating Authorities VFSC with leverage up to 500:1, spreads from 0.0 pips, and minimum deposit from $250 / R 4000 ZAR.
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You might also like: Scandinavian Capital Markets Sign up Bonus
Frequently Asked Questions
Trading environment
How many instruments can I trade with Scandinavian Capital Markets?
You can trade several different instruments with Scandinavian Capital Markets, which include the following:
- Forex – 45 trading pairs
- Metals
Which platforms are supported by Scandinavian Capital Markets?
Scandinavian Capital Markets provides the following popular trading platforms:
- MT4
- cTrader
- Currenex for Windows
Does Scandinavian Capital Markets offer leverage?
Yes, Scandinavian Capital Markets offers a maximum leverage of up to 1: 100.
What spreads can I expect with Scandinavian Capital Markets?
Scandinavian Capital Markets offers spreads from 0 pips on the Premium Account.
More information should first be obtained from the customer support service to make an informed choice.
Does Scandinavian Capital Markets charge commission?
No commission is charged on the Standard Account, but commissions on the Premium Account is $10 per lot r/t on MT4 and $10 per lot r/t on cTrader.
Are there additional charges on the Islamic account?
Scandinavian Capital Markets does offer an Islamic Account. Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees.
New Islamic traders should enquire about these special conditions or extra fees before joining, because it is often overlooked or not indicated on the account features pages.
Is Scandinavian Capital Markets regulated and by whom?
Scandinavian Capital Markets is regulated by the FSA and Markets in Financial Instruments Directive (MiFID) regulations apply.
Is Scandinavian Capital Markets a recommended forex trading broker for experts and beginners?
Scandinavian Capital Markets offers a better trading environment for seasoned traders due to its high minimum deposit requirements. The sophisticated platforms and tools are also essential and more suitable for professional or high-level trading as required by fund managers or institutions.
What is the overall rating out of 10 for Scandinavian Capital Markets?
6/10.
Accounts
What is the difference between a demo and live trading account?
A demo account as is offered by broker companies like Scandinavian Capital Markets is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features, before setting up a real account which needs to be funded with the customers own real money.
Does Scandinavian Capital Markets offer a demo account?
Yes, a demo account is among the account types offered by this broker
How long is the demo account valid?
Not clear from information on the company homepage how long the demo account can be used.
Which live trading accounts does Scandinavian Capital Markets offer?
- Standard Account
- Premium Account
- Custom Account
- Islamic Account
Does Scandinavian Capital Markets offer an Islamic Account?
Yes.
What are the available deposit currencies for a live trading account?
USD, EUR, GBP, and SEK.
Deposits and withdrawals
What is the minimum deposit required to open an account with Scandinavian Capital Markets?
$ 10 000.
How do you make a deposit and withdraw money with Scandinavian Capital Markets?
Scandinavian Capital Markets offers BankWire transfer as their deposit and withdrawal method. Monies will usually only be refunded to accounts in the same name as the trading account.
Does Scandinavian Capital Markets charge withdrawal fees?
No.
How long does it take to make a withdrawal?
Withdrawal requests are processed within 24 hours on business days. Requests submitted during weekends are processed on Mondays. It can take up to 5 business days before the withdrawn funds arrive in the client’s bank account.
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