Scandinavian Capital Markets Review

1. Scandinavian Capital Markets Pros and Cons
2. Is Scandinavian Capital Markets Safe or a Scam?
3. Fees
4. Spread
5. Leverage
6. Deposits and Withdrawals
7. Trading Platform
8. Conclusion

Our Review Method

• 55Brokers Financial Experts with over 10 years of experience in Forex Trading check all trading offerings, regulations and licenses, fees, spreads, platforms, customer service, and placed traders to see trading conditions and give expert opinions about Scandinavian Capital Markets.

What is Scandinavian Capital Markets?

Scandinavian Capital Markets is a Swedish-based financial services provider that focuses on offering Forex trading and investment solutions. Its services extend to various global financial markets, including Forex, commodities, indices, cryptocurrencies, and more.

Functioning as an ECN broker, Scandinavian Capital Markets operates under the STP execution model. This means that the broker facilitates direct access to liquidity providers, allowing for fast and transparent order execution.

According to our findings, Scandinavian Capital Markets, founded in 2011, strives to offer competitive pricing, efficient trade execution, and a robust infrastructure to assist traders and investors in achieving their financial goals.

Scandinavian Capital Markets Pros and Cons

The broker, like any financial services provider, has both pros and cons to consider. On the positive side, the company offers competitive trading conditions suitable for both retail and institutional clients, easy account opening, and access to advanced trading platforms such as cTrader and MT4.

For the cons, the availability of comprehensive educational materials on the website may be limited, and the range of financial instruments might not be extensive. Moreover, the broker does not possess a top-tier regulatory license, which may raise concerns for some traders in terms of regulatory oversight. Therefore, you should carefully evaluate these factors and conduct thorough research before deciding whether the company aligns with your specific trading needs and preferences.

Overall Scandinavian Capital Markets Ranking

Based on our analysis, the firm provides a reliable trading environment with competitive trading solutions, which makes it an appealing choice for traders. Additionally, the broker provides access to sophisticated trading platforms that enable users to engage in trading popular financial instruments.

• Scandinavian Capital Markets Overall Ranking is 7.5 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.

Scandinavian Capital Markets Alternative Brokers

We have analyzed and compiled a list of potential broker alternatives to Scandinavian Capital Markets, considering factors such as trading features, regulatory compliance, fees, market availability, customer support, and user feedback.

• FXTM – Variety of Trading Instruments
• Invast Global – Competitive Trading Conditions
• TeraFX – Competitive Spreads

Is Scandinavian Capital Markets Safe or Scam?

No, Scandinavian Capital Markets is not a scam. As a financial investment company based in Stockholm, Sweden, Scandinavian Capital Markets adheres to the necessary legal procedures to ensure secure trading conditions.

Is Scandinavian Capital Markets Legit?

Yes, Scandinavian Capital Markets is a legit and regulated broker. The regulatory body responsible for overseeing and regulating trading firms in Sweden is the Swedish Financial Supervisory Authority, also known as Finansinspektionen. Therefore, Scandinavian Capital Markets is duly registered and compliant with the regulations outlined by the mentioned authority. Moreover, the company fully complies with the European ESMA regulation and the MiFID directive.

See our conclusion on Scandinavian Capital Markets Reliability:

• Our Ranked Scandinavian Capital Markets Trust Score is 7.9 out of 10 for the good reputation and services provided. However, the only point is that the broker is authorized by a single regulatory body. So, evaluate your individual requirements, preferences, and risk tolerance to determine if the broker is a suitable match for your needs.

Client Trading Protection

When engaging in trading or investing with Scandinavian Capital Markets, clients can benefit from guarantees of transaction transparency, as the company’s technological foundation ensures the absence of conflicts of interest. Additionally, the authorized status of Scandinavian Capital Markets ensures adherence to numerous rules concerning the treatment of clients, handling and safeguarding of funds, which sets it apart from offshore firms.

Moreover, European regulations offer cross-border regulated status and involve participating brokers in a compensation scheme designed to protect clients in the event of the broker’s insolvency.

Scandinavian Capital Markets Leverage

While leverage can provide benefits by allowing traders to enter the market with a smaller initial investment, you should be aware of the potential risks it carries. Having a comprehensive understanding of leverage enables individuals to make well-informed decisions and effectively manage the associated risks when engaging in leveraged trading.

Scandinavian Capital Markets leverage is offered according to Swedish FSA regulation:

• Retail traders may access a maximum of 1:30 for major currency pairs and even lower for other instruments.
• Professionals may use higher leverage of up to 1:200.

Account Types

According to our research, Scandinavian Capital Markets provides traders with a range of prime account packages defined by the operated trading size, eventually offering better conditions for higher-grade traders. Therefore, there are three account types all featured with quite competitive low costs based on a raw spread and commission charges. Yet, the Standard account offers you conditions with all costs built into a spread.

Lastly, Custom accounts for institutions or big-size traders will define 100% custom conditions for those who maintain $250 as a start amount.

Also, beginner or advanced traders will find competitive trading conditions to apply for Scandinavian Markets, along with Islamic traders who are able to open a swap-free account more known as an Islamic account.

Opening Scandinavian Capital Markets Trading Account

Opening an account with a broker is an easy process, as you can log in and register with Scandinavian Capital Markets within minutes. Just follow the opening account or sign-in page and proceed with the guided steps:

• Select and Click on the “Open an Account” page
• Enter the required personal data (Name, email, phone number, etc.)
• Verify your personal data by upload of documentation (residential proof, ID, etc.)
• Complete the electronic quiz confirming your trading experience
• Once your account is activated and proven, follow with the money deposit.

Trading Instruments

The broker provides traders with a variety of popular financial markets to engage in, including Forex, Metals, Commodities, Cryptocurrencies, and more. By offering this diverse range of trading products, Scandinavian Capital Markets allows traders to expand and diversify their portfolios. Moreover, traders have the opportunity to engage in multiple markets based on their individual preferences and trading strategies.

• Scandinavian Capital Markets Markets Range Score is 6.9 out of 10 for famous trading product selection. On the other hand, we found that some popular asset classes are not available to trade which might be a drawback for some traders.

Scandinavian Capital Markets Fees

Reviewing the broker’s fee structure we found that the fees are determined by the chosen account type and can be either spread-based or commission-based. Deposits do not incur any charges. However, a discretionary fee of $25 is applied to withdrawals made via bank transfer. Moreover, if an account remains inactive for more than six months, an inactivity fee of $20, depending on the account currency, is imposed.

• Scandinavian Capital Markets Fees are ranked low or average with an overall rating of 8 out of 10 based on our testing and compared to over 500 other brokers.

Spreads

Per our test trade, Scandinavian Capital Markets spreads obviously vary according to the account type you use. Standard account spreads start at 0.0 pips for the highly-traded EUR/USD currency pair in the Forex market. 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.

• Scandinavian Capital Markets Spreads are ranked low with an overall rating of 8.9 out of 10 based on our testing comparison to other brokers. We found Forex spread the lower than the industry average of 1.2 pips and spreads for other instruments are competitive too.

Deposits and Withdrawals

We found that the broker provides a range of payment options to clients, which include Bank Wire transfers, Credit/Debit cards, e-wallets like Skrill, and the ability to make payments using popular cryptocurrencies like BTC, ETH, and USDT.

• Scandinavian Capital Markets Funding Methods we ranked good with an overall rating of 8 out of 10. Fees are low, and also you can benefit from various account-based currencies.

Here are some good and negative points for Scandinavian Capital Markets funding methods found:

Scandinavian Capital Markets Minimum Deposit

The broker’s minimum deposit amount is $250, which is considered a good offering overall.

Scandinavian Capital Markets minimum deposit vs other brokers

	Scandinavian Capital Markets	Most Other Brokers
Minimum Deposit	$250	$500

Scandinavian Capital Markets Withdrawals

The withdrawal process is swift and does not wave any additional commissions for both deposits or withdrawals. Yet, your bank or particular jurisdiction conditions may submit some fees to your side which of course are solely yours.

Withdraw Money from Scandinavian Capital Markets Step by Step:

To initiate a withdrawal fund from your trading account, the brokerage firm provides a set of typical steps that can be followed:

1. Login to your account
2. Select Withdraw Funds’ in the menu tab
3. Enter the withdrawn amount
4. Choose the withdrawal method
5. Complete the electronic request with requirements
6. Confirm withdrawal information and Submit
7. Check the current status of withdrawal through your Dashboard

Trading Platforms

Scandinavian Capital Markets provides traders with access to the well-known MetaTrader 4, proven software cTrader, and its FIX API, which allows traders to execute trades by sending and receiving messages in the FIX format.

• Scandinavian Capital Markets Platform is ranked good with an overall rating of 8.5 out of 10 compared to over 500 other brokers. We mark it as good since it offers advanced trading platforms to cater to the diverse needs of its clients.

Trading Tools

Per our analysis, each platform utilizes intelligent trading technology and is a full-featured software with risk management, trade activities, and full settlement packages included.

So it is solely based on your preference and personal choice of which platform to use with no restrictions and hedging allowance. Also, the broker gives access to auto-trading and API connectivity with the Myfxbook tool through seamless replication of the positions.

Another important part of the Scandinavian Capital Markets offering is a solution for money managers through MAM accounts and offering specified for institutional traders.

Customer Support

Broker’s customer support is available 24/5 through Email, Phone, Live Chat, and Whatsapp. Moreover, the support team is proficient in addressing various needs, including technical inquiries, providing analysis recommendations, answering general questions, and assisting with operational matters.

• Customer Support in Scandinavian Capital Markets is ranked good with an overall rating of 7.9 out of 10 based on our testing. We got fast and knowledgeable responses, and also it is easy to reach during the working days.

See our find and ranking on Customer Service Quality:

Scandinavian Capital Markets Education

In the end, we found that the broker offers a limited range of educational and research materials for traders. However, the website offers resources such as news and analysis, financial articles, and other learning materials.

• Scandinavian Capital Markets Education ranked with an overall rating of 7 out of 10 based on our research. While the availability of educational and research materials may be limited, traders can still benefit from the provided resources to enhance their understanding of the market and improve their trading skills.

Scandinavian Capital Markets Review Conclusion

In summary, Scandinavian Capital Markets is a regulated brokerage firm that stands out for its competitive trading conditions, access to popular financial instruments, and advanced trading platforms. Traders can benefit from favorable pricing and tight spreads across various trading activities. Although there might be limitations in terms of educational and research materials, the broker compensates by providing market insights, news updates, and informative articles on Forex trading.

Overall, the broker offers a favorable trading environment suitable for traders of different skill levels. However, the firm does not possess a top-tier license, so you should conduct thorough research and carefully assess whether the broker’s services and offerings align with your trading requirements before deciding.

Based on Our findings and Financial Expert Opinions Scandinavian Capital Markets is Good for:

• European traders
• Traders who prefer the MT4 and cTrader trading platforms
• Currency trading
• Beginners
• Advanced traders
• Institutional trading
• STP/ECN execution
• Islamic traders
• Competitive spreads
• Good trading tools