Scandinavian Capital Markets Review
Operating from Stockholm, Sweden, Scandinavian Capital Markets is a premier STP-ECN forex broker that is built on extensive knowledge of the foreign exchange market, expertise in technology, and a commitment to creating long-term relationships with a global clientele. The broker allows clients to buy and sell forex, precious metals, and stocks, using a range of intuitive trading platforms, including MT4, cTrader, and Currenex trading platforms. The minimum deposit required to start trading is $10,000.
- Choice of advanced trading platforms
- Educational resources & trading tools
- Multiple account options
- Various financial markets
- Minimum $10,000 deposit
- Not the lowest spreads
- Limited account deposit/withdrawal methods
- No USA traders
In this detailed Scandinavian Capital Markets review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Launched in 2017, Scandinavian Capital Markets is Sweden’s first STP-ECN broker. They provide traders with various advanced platforms and some learning resources whilst offering a client support team to assist at any time of need. Other essential features of the broker include multiple account options, leverage of up to 1:100, low spreads, zero commissions, and more.
The broker is a Registered Financial Institution with the Swedish Financial Supervisory Authority: Finansinspektionen Reg. No. 556863-5972.
Scandinavian Capital Markets does not accept clients from the U.S., Afghanistan, Burma, Burundi, Central African Republic, Egypt, Guinea, Guinea-Bissau, Iraq, Iran, Yemen, China, Congo, Cuba, Lebanon, Libya, Maldives, Mali, Moldova, Nicaragua, Nigeria, North Korea, Pakistan, Russia, Somalia, Sudan, South Sudan, Syria, Tunisia, Turkey, Venezuela, Belarus, and Zimbabwe.
Scandinavian Capital Markets may reject any applicant from any jurisdiction at their sole discretion without the requirement to explain the reason why
Some Scandinavian Capital Markets features and products mentioned within this Scandinavian Capital Markets review may not be available to traders from certain countries because of legal restrictions.
The broker provides traders with a range of advanced trading platforms, such as these:
cTrader
This is an advanced trading platform that is loaded with many features to satisfy experienced traders. cTrader excels when it comes to calculating position size, but it also offers other features, such as multiple order types, detachable charts, full market execution, and more, which form an essential part of a professional trader’s toolbox.
MT4
This is a popular trading platform that is used by millions of forex and CFD traders across the globe. The platform is replete with all the tools a trader needs to trade successfully, and it supports the automation of trades using expert advisors. MT4 is available in desktop, web, and mobile versions.
Currenex
This is an award-winning institutional trading platform designed for professional traders trading Spot FX and Precious Metals. The platform is available as a desktop application for Windows computers.
Scandinavian Capital Markets Trading Platform
There are no standalone trading tools on the broker’s website at the moment. However, the provided trading platforms should have more than enough built-in tools to satisfy the needs of even the most demanding traders.
The broker’s website contains some learning resources to help traders make informed trading decisions. The available educational materials include learning articles, trading guides, an FAQ section, and news that keeps traders up to date with the events that take place in the financial markets.
Scandinavian Capital markets offer the following trading instruments: forex, precious metals, and stocks.
The broker offers a choice of three live trading account options to meet clients’ trading objectives. The account types and their corresponding minimum deposit requirements are as follows: Standard ($10,000), Premium ($25,000), Custom ($250,000) Accounts.
Scandinavian Capital Markets Account Types
As broker fees can vary and change, there may be additional fees that are not listed in this Scandinavian Capital Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a Scandinavian Capital Markets broker account for online trading.
The broker’s client support team is always on hand to respond to traders’ general, technical, and account-based inquiries. They can be contacted via telephone, email, and social media.
At Scandinavian Capital Markets, all account deposit and withdrawal requests are processed using bank wire transfers.
To open an account, click on the “Open Account” button at the top right corner of the broker’s website and fill the account application form.
Scandinavian Capital Markets Account Opening Page
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Scandinavian Capital Markets is an online retail broker that is based in Sweden. They offer access to multiple financial markets using various trading platforms whilst providing traders with a range of resources and competitive trading conditions to ensure a hitch-free trading process. The broker offers various trading account options to choose from, with a minimum deposit of $10,000.
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 SCM AB are at risk of capital loss. You should consider carefully whether such investments are appropriate to you, taking into account your financial assets.
Min $10,000 Deposit
Scandinavian Capital Markets is Sweden’s first STP-ECN broker. They provide traders with various advanced platforms to trade Forex & CFDs online.
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