Scandinavian Capital Markets does not offer a Sign-Up bonus also known as a welcome bonus to new clients who choose to register for a real account but does offer a demo account to new traders.
| 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 Sign-up Bonus
- Scandinavian Capital Markets Referral Bonus
- Scandinavian Capital Markets Additional bonuses, promotions, and rewards
- Scandinavian Capital Markets Pros and Cons
- Scandinavian Capital Markets Conclusion
- Frequently Asked Questions
Scandinavian Capital Markets Sign-up Bonus
Scandinavian Capital Markets does not offer a sign-up bonus.
Traders who register a real account with Scandinavian Capital Markets are not offered either a sign-up bonus, a deposit bonus, or a welcome bonus.
Since August 2018, The European Securities and Markets Authority (ESMA) has placed investor protection measures on the marketing, distribution, or sale of CFDs to retail clients, which prevent brokers like Scandinavian Capital Markets to provide the retail client directly or indirectly with a payment, monetary or excluded non-monetary benefit in relation to the marketing, distribution, or sale of a CFD, other than the realized profits on any CFD provided.
Other brokers often offer such a broker bonus to new traders to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.
Although Scandinavian Capital Markets does not offer bonuses, rewards, promotions, or competitions traders should not be discouraged by this from registering for a real account.
Scandinavian Capital Markets Referral Bonus
Scandinavian Capital Markets does not offer referral bonuses to new or existing traders who make use of its products and services.
Referral bonuses are offered by brokers to traders to draw in new clients and expand their customer base.
Often these types of bonuses have strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member.
The referral bonus is only applicable should referrals register a real account as these bonuses are not available when using a demo account.
A certain minimum deposit amount must be made by the referral.
The referral may be required to execute a certain number of trades on the new account before the trader becomes eligible to receive the referral bonus.
Referral bonuses may also have a limited time in which they can be utilized by traders, perhaps in a given month that brokers see a decrease in activity and attempt to counter it by providing such bonuses.
Scandinavian Capital Markets Additional bonuses, promotions, and rewards
Scandinavian Capital Markets does not cater for trading bonuses and there are no initiatives to reward loyal customers.
Trading bonuses serve the purpose of encouraging traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.
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. |
Conclusion
Broker bonuses are one of the best ways to attract new traders in signing up and registering a real account. Not only does this expand the broker’s customer base, but it also awards traders when they sign up or when they make their first initial deposit.
Although Scandinavian Capital Markets does not offer any bonuses or rewards, its trading conditions are quite attractive. Scandinavian Capital Markets is not only a reputable broker but one that caters to more advanced traders.
You might also like: Scandinavian Capital Markets Review
You might also like: Scandinavian Capital Markets Account Types Overview
You might also like: Scandinavian Capital Markets Demo Account – Step by Step
You might also like: Scandinavian Capital Markets Fees and Spreads
You might also like: Scandinavian Capital Markets Islamic Account Overview
You might also like: Scandinavian Capital Markets Minimum Deposit
Frequently Asked Questions
Does Scandinavian Capital Markets offer a sign-up bonus?
No a sign-up bonus is not offered by this broker.
Top 4 Brokers
