Headquartered in Stockholm, Sweden, Scandinavian Capital Markets is an online trading broker that operates the STP execution model, which offers swift access to the interbank markets. The broker allows clients to buy and sell forex, precious metals, stocks, and other financial markets using various trading platforms. They provide traders with multiple learning resources while offering a client support team to assist them. Their clients enjoy access to numerous favorable trading conditions, such as various account options, leverage of up to 1:100, low spreads, zero commissions, and more. The minimum deposit required to start trading is $10,000.
In this Scandinavian Capital Markets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including Scandinavian Capital Markets.
The broker provides traders with the following trading platforms; MT4, cTrader, and Currenex trading platforms.
The MT4 trading platform is one of the popular trading platforms among forex and CFD traders. It features various advanced trading functionalities, including expert advisors and more. The MT4 trading platform is available in desktop, web, and mobile versions. The mobile version can allow you to trade on your mobile smartphone devices even while on the go if you are using an internet connection.
The cTrader trading platform is replete with several trading features to suit even the most demanding traders. Some of the essential features of the cTrader trading platform include multiple order types, detachable charts, complete market execution, and more, which form an integral part of a professional trader’s toolbox.
The Currenex trading platform is an award-winning institutional trading platform that is built with professional traders in mind. The platform is available as a desktop application for Windows computers.
The following educational resources are available on the broker’s website: learning articles, trading guides, news, and an FAQ section that answers some of the clients’ most common questions.
Scandinavian Capital Markets provides traders with various live trading account options. Each of the accounts has a unique minimum deposit requirement as follows: Standard ($10,000), Premium ($25,000), Custom ($250,000) Accounts.
Scandinavian Capital Markets allows clients to deposit and withdraw funds to and from their live trading accounts using bank wire transfers.
Traders can contact the broker’s client support team through any of the following channels: telephone, email, and social media. The support team is always available to respond to all trading inquiries and assistance that traders may need.
The broker is a Registered Financial Institution with the Swedish Financial Supervisory Authority: Finansinspektionen Reg. No. 556863-5972.
Scandinavian Capital Markets is a Swedish brokerage firm that ensures seamless trading of multiple financial markets. All trades are carried out using intuitive trading platforms that are available in desktop, web, and mobile versions. There are various learning tools and a client support team available to assist traders. The broker offers multiple trading account options to choose from, with a minimum deposit of $10,000.
It is worth mentioning that some of the trading products and services in this Scandinavian Capital Markets review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Scandinavian Capital Markets broker website, which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.