Scandinavian Capital Markets review and tutorials

Scandinavian-Capital-Markets-logo-png

Detailed Scandinavian Capital Markets Review 2020: Forex, CFD'S and Crypto Regulated Broker

Scandinavian Capital Markets Review concludes with us a broker that seeks not only to provide high-quality trading services, but also to comply fully with the required laws and regulations. In simple terms , it means that the broker is a safe one because of its compulsory conditions and the constant supervision of its business.

Scandinavian-Capital-Markets-logo-png

Scandinavian Capital Markets trading information

Bonus
No
Instruments
Forex
Demo Account
Yes
Min. Deposit
$10000
Min. Trade
0,01 lots
Regulated By
Swedish FSA
MT4 Integration
Yes
Mobile Apps
Yes
Auto Trading
Yes
Trade Signals
Yes
Islamic Account
Yes
Scandinavian-Capital-Markets-logo-png

Forex

GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
N/A

CFD

FTSE Spread
N/A
GBPUSD Spread
N/A
Oil Spread
N/A
Stocks Spread
N/A

Cryptocurrency

Spread
N/A
Coins
N/A

Official Scandinavian Capital Markets Registration

What is Scandinavian Capital Markets?

Scandinavian Capital Markets is a pure ECN broker that uses the STP execution model and delivers its reliable trading environment to the Swedish market due to its headquarters in Stockholm and beyond.

The broker has been in operation since 2011 and is a Prime Broker with customized liquidity feeds, customized pricing and general flexibility over the trading process. Scandinavian Capital Markets provides access to Forex markets and more than 50 currency pairs with connectivity via the Equinix NY4 Hub, resulting in its strong global network.

Training and Education

Although we will go into Scandinavian Capital Markets trading conditions and software in more detail, the broker also provides the necessary data for successful trading. They cover daily news, monthly webinars and have highly responsive customer support.

Is Scandinavian Capital Markets safe or a scam?

The most important thing is the regulatory or legal status of the broker, which shows a clear record, as well as ensuring its governing climate in exchange for a secure investment. As a Swedish financial investment company operating from Stockholm, Scandinavian Capital Markets also applies all necessary legal procedures to its safe trading conditions.

The Swedish Financial Supervisory Authority or Finansinspektionen is the authority which oversees and regulates trading firms in Sweden. Accordingly, the Scandinavian capital markets are also listed under these provisions, which are also fully compliant with the ESMA Regulation and the MiFID Directive.

Trade or investment with Scandinavian Capital Markets therefore assures transparency in transactions where there is no conflict of interest on the basis of technology. In addition to its authorized status, there are numerous rules that apply to how a client is treated, how his money is operated and maintained, which is never the case of an offshore company.

In addition to the European regulation, cross-boarding that’s regulated is offered and, in the event of insolvency, brokers engage in the compensation scheme.

Trading Platforms

Scandinavian Capital Markets trading technology shows unprecedented and powerful results, combined with a wide range of foreign exchange platforms. The technology foundation provides customized liquidity for both institutional, professional and retail trades with the ability to tailor a solution and identify its versatility.

As for the choice of trading platforms themselves, you can choose between cTrader, Currenex and the industry-standard MT4 software.

Each platform uses smart trading technology and is a full-featured risk management app, handling trade activities and providing a full settlement package. It is therefore based solely on your preference and personal choice which software will be used without limitations and hedging allowances. It is also important to note that Scandinavian Capital Markets provides access to auto-trading and API activity with the Myfxbook tool through seamless role replication.

Another important part of the Scandinavian Capital Markets package is a solution for money managers through MAM accounts and an offer to institutional traders.

Accounts

Scandinavian Capital Markets provides traders with a variety of prime account packages identified by the trading size operated, eventually offering better terms for higher-grade traders. There are therefore three types of accounts, all of which are very competitively low cost based on raw spread and fee charges. Nevertheless, Standard Account offers you terms and conditions with all the costs included in the spread.

Costs

The spreads in Scandinavian Capital Markets obviously vary depending on the type of account you use. The standard account spreads start from 1.7 pips, 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.

Ultimately, the Custom account for organizations or bug size traders specifies 100% of custom requirements for those who hold a starting amount of $250+. You can also compare fees to another common broker, RoboForex, so that the terms and conditions will be clearer depending on your specific needs.

It is a fact that novices and skilled professionals can find the right conditions to apply at the Scandinavian Capital Markets, along with Islamic traders who are able to open a swap-free account more known as the Islamic account.

Leverage

As a European broker, Scandinavian Capital Markets are therefore subject to regulatory constraints, which have also recently significantly lowered potential leverage rates due to the risks involved. Although retailers may have access to a limit of 1:30 for major currency pairs and even lower for other instruments, professionals may use a leverage of 1:100 once the status has been confirmed.

Deposits and Withdrawals

The final point of our Scandinavian Capital Markets Analysis is how to fund or send money to or from your trading account. Finally, Scandinavian Capital Markets only uses bank wire deposits, which may seem like a restriction, but are the most fair and secure way to send money.

Minimum Deposit

The very minimum that will allow you to open an account with Scandinavian Capital Markets is $10k, while the higher-grade accounts will require larger amounts. In addition, this amount may be non-affordable for start-up traders, but, given the Scandinavian Capital Markets trading offering and the skilled nature of the broker, it is still a good option for active traders.

Fee for Withdrawals

As far as money transfer fees are concerned, the Scandinavian capital markets processes requests quickly and professionally and usually does not waive any extra commissions for both deposits and withdrawals. Nevertheless, your bank or unique jurisdiction requirements may be subject to certain fees on your side, which, of course, are exclusively yours.

Final Word

Overall, the Scandinavian Capital Markets Review concludes that it’s a broker that seeks not only to provide high-quality trading services, but also to comply fully with the required laws and regulations. In simple terms, it means that the broker is a safe one because of its compulsory conditions and the constant supervision of its business.

As far as trading conditions and offering itself are concerned, Scandinavian Capital Markets may be a good option for seasoned traders or active traders due to a relatively high minimum deposit. In addition, the broker’s trading solution describes sophisticated platforms and tools, which are also more appropriate and suitable for skilled or high-level trading required by fund managers or institutions.

Nevertheless, along with your learning materials from Scandinavian Capital Markets, you may sign up for further analysis of the trading strategy that you are implementing.

Scandinavian-Capital-Markets-logo-png

CLAIM OWNERSHIP

If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

Scandinavian-Capital-Markets-logo-png
Authorized brokers
Binomo - Binary Option Broker Review
Visit Binomo
eToro Broker Review
Visit eToro
Finq.com
Visit Finq.com
Interactive Brokers
Visit Interactive Brokers
IQ Option Forex Broker Review
Visit IQ Option
Investous
Visit Investous
BinaryCent Binary Option Broker Review
Visit BinaryCent
TD Ameritrade forex broker review
Visit TD Ameritrade
LCG Forex Broker Review
Visit LCG
TradeStation forex broker review
Visit TradeStation