What is Scandinavian Capital Markets?
Scandinavian Capital Markets is a forex and CFD broker based in Sweden, listed with a foundation year of 2011. It offers leverage up to 1:100, spreads from 0.0 pips and a minimum deposit of $250. Clients trade on MetaTrader4 , cTrader, FIX API Trading and on mobile.
Scandinavian Capital Markets is an online trading broker that trades on Forex, Cryptocurrencies, Indices, and Commodities. This broker is based on MetaTrader4, cTrader, and Custom FIX API Trading. Clients have so many options for choosing the trading platform with this broker. There is a separate section on their website named Education. In this section, the broker features daily market updates, weekly live streams, and seasonal events with the top traders, analysts, and industry experts. From these activities, a newbie trader can gain valuable knowledge about trading.
Scandinavian Capital Markets has two types of trading accounts to match their clients' trading demands and desires. These accounts are named Vanuatu and Sweden. Both of these accounts are described below:-
- Vanuatu:- This account type is STP/ ECN. The minimum deposit requirement for this account is $250. The maximum leverage this broker provides is 1:500. The spread is 0.0 pips on FX, Metals, and Crypto and the commission is $7 per lot. This broker provides 2.0 pips of spread on Commodities and Indices with $0 of commission.
- Sweden:- The account type is ECN. The minimum deposit on this account is $10,000. The commission per lot in this account is $10. The spread in this account starts from 0.0 pips. The maximum leverage in this account is 1:100. This account accepts bank wire funding only.
Is Scandinavian Capital Markets safe and regulated?
Scandinavian Capital Markets is regulated by Scandinavian Capital Markets has no regulatory. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Scandinavian Capital Markets account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $250 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | Yes |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
Scandinavian Capital Markets provides MetaTrader4 , cTrader, FIX API Trading, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.0 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:100 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Scandinavian Capital Markets supports 6 funding methods, including Visa, MasterCard, American Express, Discover, DinersClub International, Bank Transfers. Accounts can be held in 3 base currencies (USD, EUR, GBP), which helps you avoid conversion fees.
Scandinavian Capital Markets bonus: <p>This broker is not providing any welcome bonus</p> <p> </p>
How the promotion works
The current Scandinavian Capital Markets promotion is <p>This broker is not providing any welcome bonus</p> <p> </p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Scandinavian Capital Markets website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Scandinavian Capital Markets pros and cons
Pros
- Raw spreads from 0.0 pips
- Scalping and hedging allowed
- News trading allowed
- Islamic, VIP, Mini and managed accounts
- 6 deposit methods
Cons
- Only offshore regulation
- No investor compensation scheme
- $250 minimum deposit is higher than some rivals
How to open a Scandinavian Capital Markets account
- RegisterVisit the Scandinavian Capital Markets website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick Islamic, VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $250 with Visa, MasterCard, American Express or another method.
- Start tradingLog in to MetaTrader4 , cTrader, FIX API Trading or the mobile app and set your risk per trade.
Is Scandinavian Capital Markets a good broker? Our verdict
Scandinavian Capital Markets suits active traders who want raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.