Scandinavian Capital Markets minimum deposit amount required to register a live trading account is $ 250 USD. This minimum deposit is equivalent to R 4000 ZAR at the current exchange rate between the UD Dollar and the South African Rand at the time of writing.
| 🔎 Accounts | 📈 Vanuatu STP/ECN Account | 📉 Sweden ECN Account |
| 💳 Minimum Deposit (ZAR/R) | $ 250 | $ 10 000 |
| 💵 Minimum Deposit (USD/$) | R 4000 ZAR | R 160 000 ZAR |
| 🚀 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 – 7 key points quick overview:
Scandinavian Capital Markets at a glance- Scandinavian Capital Markets Minimum deposit
- Scandinavian Capital Markets Deposit fees and deposit methods
- Step by step guide to depositing the minimum amount to Scandinavian Capital Markets account.
- Scandinavian Capital Markets Pros and Cons
- Scandinavian Capital Markets Conclusion
- Frequently Asked Questions
Scandinavian Capital Markets Minimum deposit
Scandinavian Capital Markets has a high minimum deposit requirement of $ 250 to open a Standard Account.
This minimum deposit amount was equivalent to ZAR 4000 at an average current exchange rate between the US Dollar and the South African Rand at the time of writing.
A Sweden ECN account requires $ 10 000 as a minimum deposit.
Scandinavian Capital Markets offers a better trading environment for seasoned traders due to this high minimum deposit requirements. The sophisticated platforms and tools are also more suitable for professional or high-level trading as required by fund managers or institutions.
Scandinavian Capital Markets’ authorization as a broker and its regulatory authorities may require that client funds must be kept in segregated accounts, separate from the broker account, and that such funds could only be used by traders to conduct their trading activities.
Scandinavian Capital Markets Deposit fees and deposit methods
- Compared to other brokers, the minimum deposit amount that Scandinavian Capital Markets requires when traders register a live account is high.
- Scandinavian Capital Markets offers only one payment or deposit method to use when funding accounts. Withdrawals must be returned by the same method and to the same bank account.
- Scandinavian Capital Markets only accepts bank wire as a payment method.
- Scandinavian Capital Markets does not levy additional fees, but third-party charges may be applicable. Processing times for deposits are promised to be fast – within 24 hours.
- USD, EUR, GBP, and SEK are accepted as Deposit currencies.
- Traders must ensure that they verify whether their financial institution charges its own fees.
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 |
Step by step guide to depositing the minimum amount to Scandinavian Capital Markets account.
1. Step 1 – Login to an existing account
Make your way to the Scandinavian Capital Markets website and log into your existing account.
2. Step 2 – Login to an existing account
Select the option for deposits, and follow the instructions to make a deposit into their trading account. Traders must make sure that they select the correct deposit currency if there is a choice available.
Funds must be transferred in the same currency as the bank account to which they are sending it, preventing currency conversion fees from being 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
Scandinavian Capital Markets minimum deposit amount required to register a live trading account is $ 250 USD. This minimum deposit is equivalent to R 4000 ZAR at the current exchange rate between the UD Dollar and the South African Rand at the time of writing. The Sweden ECN account selection minimum deposit amount is $ 10 000 USD. This minimum deposit is equivalent to R 160 000 ZAR at the current exchange rate between the UD Dollar and the South African Rand at the time of writing
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Frequently Asked Questions
What is the minimum deposit for Scandinavian Capital Markets?
The minimum deposit required by this broker is $ 10 000.
What is the deposit and withdrawal methods for Scandinavian Capital Markets?
Scandinavian Capital Markets offers BankWire transfers as a 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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