Scandinavian Capital Markets Review

Overall, Scandinavian Capital Markets is considered a trustworthy, low-risk, reliable broker. With leverage from 100:1, spreads from 0.0 pips with $7 commission per lot and spreads from 0.0 pips on FX, Metals & Crypto, and a minimum deposit of $250 USD / R 4 000 ZAR

Scandinavian Capital Markets at a glance

Overall Rating

• 4.5/5

Read Review

OPEN AN ACCOUNT

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 – 20 key points quick overview:

1. Scandinavian Capital Markets at a glance
2. Scandinavian Capital Markets Overview
3. Scandinavian Capital Markets, Safe or Scam?
4. Scandinavian Capital Markets Leverage
5. Scandinavian Capital Markets Accounts
6. Scandinavian Capital Markets Market Instruments
7. Scandinavian Capital Markets Fees
8. Scandinavian Capital Markets Deposit and Withdrawal
9. Scandinavian Capital Markets Trading Platforms
10. How to open a Scandinavian Capital Markets account
11. Scandinavian Capital Markets vs RoboForex – A Comparison
12. Scandinavian Capital Markets, Pros and Cons
13. Scandinavian Capital Markets Reviews – TrustPilot
14. Scandinavian Capital Markets Customer Support
15. Scandinavian Capital Markets Education
16. Scandinavian Capital Markets Research
17. Scandinavian Capital Markets Awards
18. Scandinavian Capital Markets Conclusion
19. Scandinavian Capital Markets Disclaimer
20. Frequently Asked Questions

Scandinavian Capital Markets Overview

According to research in South Africa, Scandinavian Capital Markets was founded by Arif Alexander Ahmad, Michael Buchbinder and a team of financial professionals in 2011 and has its headquarters in Stockholm, Sweden.

Originally established as a wealth management company, Scandinavian Capital Markets obtained registration to focus on the forex market with the Swedish FSA a year later.

After five years Sweden’s first STP-ECN Brokerage was launched in 2017 and continued to grow to offer clients the best technology platforms and customer service.

Scandinavian Capital Markets is built on extensive knowledge of the foreign exchange market, expertise in technology, and offers clients a gateway to the highly desirable Swedish forex trading environment.

Scandinavian Capital Markets is authorized and registered with the Swedish Financial Supervisory Authority (FSA) (Finansinspektionen Reg. No. 556863-5972)

Scandinavian Capital Markets, Safe or Scam?

One of the best means of determining the safety of a broker like Scandinavian Capital Markets is to establish which regulating authorities are watchdogs over its actions.

Being authorized and registered with the Swedish Financial Supervisory Authority (FSA), which oversees one of the most reputable and stable financial trading markets in the world provides the assurance of safe investment conditions.

As a Swedish financial investment company, Scandinavian Capital Markets applies all the necessary legal procedures towards its secure trading conditions.

Scandinavian Capital Markets is also fully compliant with European ESMA regulations and MiFID directives. Therefore, trading or investing with Scandinavian Capital Markets has further guaranteed transaction transparency with no conflicts of interest.

The company’s own policies towards their clients are impeccable regarding how they are treated, their money operated, and kept, which is seldom the case with an offshore firm.

Scandinavian Capital Markets also participates in a compensation scheme in case of its insolvency.

Scandinavian Capital Markets Leverage

Leverage is a facility that enables you to get a much larger exposure to the market you are trading on than the amount you deposited to open the trade.

Leveraged products, such as forex trading, magnify your potential profit – but also increase your potential loss.

Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.

Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.

For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.

Being a European broker and subject to its regulatory restrictions, which include significantly lower possible leverage levels due to involved risks, Scandinavian Capital markets offers retail traders a maximum of 1:30 for major currency pairs and even lower for other instruments.

Professionals, once their status is confirmed, may use the leverage of 1:100.

Scandinavian Capital Markets Accounts

A Forex account at Scandinavian Capital Markets is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Often, the number and type of accounts that a trader can open with a broker company differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls.

In the case of Scandinavian Capital Markets, they provide clients with Standard, Premium, and Custom accounts.

This includes an ultimate package of prime brokerage account features: competitive spreads, low trading commissions, ultra-low latency access, and customizable, world-class, deep pools of liquidity.

Scandinavian Capital Markets believes in every trader’s right to pursue their financial goals in a fair trading environment, hence also offering Islamic accounts compliant with the rules of Sharia.

Islamic accounts are also known as swap-free accounts since they imply no swap or rollover interest on overnight positions, in harmony with the Islamic faith. On these accounts, the swap fees are replaced with daily administration charges.

The minimum deposit to open an Islamic account is USD 1,000,000 and it does not offer certain Forex products.

Overall Rating

• 4.5/5

Read Review

OPEN AN ACCOUNT

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 Market Instruments

The most popular market instruments available at brokers like Scandinavian Capital Markets for trading include forex (FX) trading.

Also named currency trading or FX trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.

Scandinavian Capital Markets offers about 45 trading pairs with institutional spreads and commissions on most account types. While this may look limited, a lot of symbols offered by many brokers are normally untraded and overpriced.

Since Scandinavian Capital Markets focuses on offering only the best conditions possible, it may be wise to disregard those pairs altogether.

Scandinavian Capital Markets Fees

Due to its global presence brokers like Scandinavian Capital Markets may offer various account types that may differ according to the regulated entity to which it complies.

Therefore clients may experience different fee structures too, according to their country or place of residence.

Their three account types all feature competitive low costs based on a raw spread and commission charges. The Standard account offers conditions with all costs built into a spread.
Scandinavian Capital Markets spreads obviously vary according to the account type you use.

The Standard account spreads start from 1.7 pips, while the Premium account is based on a raw interbank spread with a commission charge of $10 per lot for the MT4 platform and $100 per million traded through cTrader.

Their highly competitive commission rates can even be reduced for high-volume traders.

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4.5/5

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4.9/5

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Scandinavian Capital Markets Deposit and Withdrawal

Scandinavian Capital Markets vows to practice transparent, secure, and prompt forex operations, especially when it comes to handling clients’ funds, which are held in European banks of high reputability.

Depositing funds​can be done through bank wire transfer. Deposits are credited to the client’s trading account within a business day from the moment they reach Scandinavian Capital Markets’ bank.

Instructions on how to wire deposits can be found on Scandinavian Capital Markets’ website in the Client Portal under the Fund tab or can be obtained from their Customer Support portals. Deposits in USD, EUR, GBP and SEK are accepted.

Withdrawal requests are processed within 24 hours on business days but requests submitted during weekends are only processed on Mondays.

Funds are only returned to the client’s own bank account, with no third-party banking allowed. It is important though to remember that it can take up to five business days before the withdrawn funds arrive in the client’s own bank account.

Withdrawals are also executed via the Client Portal on the website. To withdraw funds, a client must log in to his or her Client Portal, go to the Withdraw tab to fill in the amount and banking details, and click “Request”.

Scandinavian Capital Markets Trading Platforms

A forex trading platform is in essence the software provided by Scandinavian Capital Markets to its clients to carry out their trades.

A multi-asset trading platform is one that allows clients to trade forex and other asset classes, including CFDs on stocks, stock indices, precious metals, and cryptocurrencies.

The decision about which platform to choose will always depend on what a client would like to trade.

Scandinavian Capital Markets offers:

MT4 & MT4 Mobile

Scandinavian Capital Markets accounts support trading with MetaTrader 4 (MT4), the world’s most popular Forex platform. MetaTrader 4 can be downloaded from their website.

Many Forex traders start out trading with MT4 and once familiar with the easy-to-navigate structure, prefer to keep on utilizing the tools and resources to analyze price, place, and manage trades.

MT4 users can customize charting down to color preferences to reflect their style.

cTrader

cTrader is an advanced trading platform with which to operate the latest trading technology and features in the Forex industry. It has ultra-low latency and execution and uses state-of-the-art servers.

Combined with deep pools of liquidity through Scandinavian Markets Tier 1 liquidity providers, it has become a preferred trading platform for both retail and professional traders.

cTrader also has a downloadable desktop version, a web trader, and a mobile phone version for both iOS and Android devices to enable clients to trade from anywhere in the world without the need for downloading more software.

Auto Trading and API

Scandinavian Capital Markets supports auto-trading features from various technology platforms such as Myfxbook connected to MT4.

MAM Accounts

Scandinavian Capital Markets’ MAM (Multi Account Manager) feature provides a flexible system that allows sub-allocated trades under the master account.

This allows money managers to execute block orders quickly and offers the flexibility of tweaking the account size, amount of lots, and adjustments based on the risk profile of your accounts.

By utilizing the MAM technology, traders no longer have to prioritize investor orders. All customers under this solution will receive the same full price regardless of their investment amount or trade size.

How to open a Scandinavian Capital Markets account

1. Step 1 – Register an account

Select the registration option on the website.

2. Step 2 – Select your account type

Select with account type option you would like to make use of.

3. Step 3 – Complete requested information & Verification

Complete the information requested and follow the steps.  Similar to a bank, if you want to register a forex trading account with Scandinavian Capital Markets for the first time, you will be required to go through a basic “know your customer” process.

This will allow Scandinavian Capital Markets to make sure that your submitted personal details are correct and the safety of your funds and your account details are ensured.

After the initial registration, you will normally be emailed your login details that will correspond to a login on a trading platform matching your type of account.

Overall Rating

• 4.5/5

Read Review

OPEN AN ACCOUNT

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 vs RoboForex – A Comparison

Scandinavian Capital Markets, Pros and Cons

Scandinavian Capital Markets Reviews – TrustPilot

I’ve been trading for the last 13…

I’ve been trading for the last 13 years, generally with solid and regulated brokers, but when I joined Scandinavian Capital Markets I totally forgot about the rest, 100% happy especially with the execution and support. Happy I finally found a broker I feel confident referring people to and trading with my own money. Recommended 100%

Great!

I was very impressed with the execution speed. It is faster than most brokers. Customer service is also extremely personalized. I would recommend this broker for all traders, both beginners and professionals.

A very good choice for a Fx broker

A very good choice for a Fx broker. The C-Trader platform is easy to navigate, the cost and leverage conditions are the best. Good customer support. What else can you wish?

Scandinavian Capital Markets Customer Support

Potential traders need to make sure the broker company they choose will offer support and help whenever they may need it, in order to help customers easily find the exact answers to their questions and offer them the best user experience.

In the case of Scandinavian Capital Markets clients are supported by taking emergency inquiries, but also with scheduled calls that can be arranged at your own convenience to get personalized attention from an assigned account manager.

As a client you can bring your forex account questions and information about what kind of account features you need and the customer support team will go through features, benefits, pricing, and legal info with you.

Clients should just fill out the form on the website and their Scandinavian Capital Markets account manager will contact them to arrange a call.

Scandinavian Capital Markets Education

Before starting to trade, potential clients of Scandinavian Capital Markets should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.

If Scandinavian Capital Markets’ website itself does not provide enough means, a trader should explore other informative websites and means to obtain that knowledge.

Scandinavian Capital Markets offers regular webinars which include training on several topics for beginners and experienced traders.

These include topics like Forex Education for Pro Traders: How to Trade using Fibonacci, and more. If you missed a webinar, recordings are also available.

Scandinavian Capital Markets Research

To be able to trade with confidence and success, potential traders should do as much possible research about this kind of speculative trading before commencing, but also preceding every daring deal.

This will ensure that they don’t lose money unnecessarily and on the other hand trade as profitable as possible.

Clients of Scandinavian Capital Markets can access this kind of information via the company website or by subscribing to newsletters.

Areas of information include company news, events, news and analysis, trading news as well as a daily trading analysis video.

Scandinavian Capital Markets Awards

Since being an awarded company instills extra confidence in traders, potential traders should continuously stay up to date with news about any awards Scandinavian Capital Markets may have accumulated.

Conclusion

Overall, Scandinavian Capital Markets is considered a trustworthy, low-risk, reliable broker. With leverage from 100:1, spreads from 0.0 pips with $7 commission per lot and spreads from 0.0 pips on FX, Metals & Crypto, and a minimum deposit of $250 USD / R 4 000 ZAR

Scandinavian Capital Markets can be summarily described as a worthwhile company for potential traders, being a broker that strives not to only provide a quality trading service but also to remain fully compliant with the necessary laws and regulations.

Scandinavian Capital Markets is a safe broker due to its obligatory conditions and constant overseeing of its business.

As for the trading conditions and offering itself, Scandinavian Capital Markets might be a good option for seasoned traders due to quite a high minimum deposit.

In addition, Scandinavian Capital Markets uses sophisticated platforms and tools, both essential and more suitable for professional or high-level trading and required by fund managers or institutions.

From fully segregated accounts that separate clients’ funds from the company to post-trade records, Scandinavian Capital Markets integrates transparency in all of their practices.

This kind of transparency across all aspects means that you are in control and have insight into all aspects of your transactions.

Orders are immediately executed directly with liquidity sources and Scandinavian Capital Markets strives for an atmosphere of zero rejects and no re-quotes.

Clients can request trade receipts that indicate which LP filled their trade and when the trade occurred.

Disclaimer

Scandinavian Capital Markets warns all potential customers that Forex and CFDs trading always carries a high level of risk and may not be suitable for all investors.

Before deciding to trade the products offered by Scandinavian Capital Markets, potential traders are advised to carefully consider their investment objectives, financial situation, needs and level of experience before investing money they cannot afford to lose.

Scandinavian Capital Markets warns that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable.

Therefore Scandinavian Capital Markets cannot guarantee a maximum loss that a trader may suffer.

All transactions on the currency spot market are speculative and all investments should be made using risk capital that is not crucially required.

There may be a considerable risk of losses on the currency spot market and all transactions using Scandinavian Capital Markets are at risk of capital loss.

Scandinavian Capital Markets does not accept clients from the U.S, Iran, Syria, North Korea, Yemen, and Cuba and may reject any applicant from any jurisdiction at their sole discretion without the requirement to explain the reason why according to research in South Africa.

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Frequently Asked Questions

What is Scandinavian Capital Markets Overall Review Rating?

9/10

What is the minimum deposit to start trading on Scandinavian Capital Markets?

$10 000

Is Scandinavian Capital Markets safe and secure?

Yes, 100 %

Does Scandinavian Capital Markets offer a demo account?

Yes

Is Scandinavian Capital Markets a ECN broker?

Scandinavian Capital Markets offer ECN/STP broker services