Scandinavian Capital Markets is considered low-risk and can be summarised as trustworthy and reliable. Scandinavian Capital Markets trading involves spreads from 0.0 pips to 2.0 pips and commissions vary depending on the account tier selected. Average variable ECN spreads on currency pairs such as EUR/USD are tight.
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 |
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 – 7 key points quick overview:
Scandinavian Capital Markets at a glance- Scandinavian Capital Markets Fees and Spreads
- Scandinavian Capital Markets Additional Trading Fees
- Scandinavian Capital Markets Broker Fees
- Scandinavian Capital Markets Pros and Cons
- Scandinavian Capital Markets Conclusion
- Frequently Asked Questions
Scandinavian Capital Markets Fees and Spreads
Scandinavian Capital Markets’ spreads on EUR/USD start from 0 pips on the ECN/STD Account.
Fees, spreads, and commissions that traders can expect on the company’s spread list when trading with Scandinavian Capital Markets is as follows:
- Scandinavian Capital Markets Standard Account spreads start from 1.7 pips.
- No commission is charged on the Standard Account.
- Commissions are $10 per lot r/t on MT4 and $10 per lot r/t on cTrader.
- Spreads start from 0.0 pips on the Premium Account.
- Commissions on the Premium Account is $10 per lot r/t on MT4 and $10 per lot r/t on cTrader.
- Commissions spreads, maximum trade size, and deposit currency can be customized on the Custom Account.
Scandinavian Capital Markets Additional Trading Fees
When trading financial instruments such as forex, traders can expect overnight fees, or swap fees will be applicable when positions are held for longer than one trading day.
Scandinavian Capital Markets does provide for an Islamic Account for Muslim traders who follow the Sharia Law and are prohibited from earning or paying interest where the holding of open positions is concerned.
The Scandinavian Capital Markets support team can be contacted to find out whether spread betting is allowed and what spread betting fees would apply.
Scandinavian Capital Markets Broker Fees
Scandinavian Capital Markets does not charge deposit fees or inactivity fees.
Traders need to verify what additional charges may be waived by their financial institution. In addition, should traders transfer fees in a currency that is different from their account base currency they may be subjected to currency conversion fees.
No withdrawal fees are charged.
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
Overall, Scandinavian Capital Markets is considered low-risk and can be summarised as trustworthy and reliable. Scandinavian Capital Markets trading involves spreads from 0.0 pips to 2.0 pips and commissions vary depending on the account tier selected. Average variable ECN spreads on currency pairs such as EUR/USD are tight.
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Frequently Asked Questions
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 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?
Not on the Standard Account, but the commission is charged on the Premium Account
Are there additional charges on the Islamic account?
Scandinavian Capital Markets does offer an Islamic Account where swap fees are replaced by daily administration charges.
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.
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