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Scandinavian Capital Markets

Trust Score:

5.00

(2 Reviews)
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About Scandinavian Capital Markets

Scandinavian Capital Markets is a Sweden-based STP/ECN broker operating from Kista, Stockholm and registered in Sweden under company number 556863-5972. It offers trading in forex, indices, metals, commodities and cryptocurrencies, and provides institutional-style liquidity via multiple platforms including MetaTrader 4, MetaTrader 5 and cTrader.

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Regulation & Security

The broker is registered with the Swedish Financial Supervisory Authority (Finansinspektionen) under registration number 80438. It states that client funds are held segregated and complies with European MiFID/ESMA directives, though note that the Swedish FX regulatory regime differs from some other jurisdictions.

Account and Setup

Account opening requires a verified registration and choice of account type. The website lists account tiers named ÒFree ForeverÓ, ÒGrowthÓ and ÒInstitutionalÓ with raw-spread structures and a minimum deposit noted as low as USD 25 for entry-level plans, whereas other sources reference USD 250 or USD 10,000 depending on entity and plan. Clients choose their base currency and platform during setup.

Funding Options

Funding supports credit/debit cards and bank transfers; card deposits via Visa, Mastercard, American Express and Diners Club became available in August 2023 with a minimum deposit cited at USD 1 for card funding in the portal. Deposits are credited quickly and withdrawals are processed via the client portal though detailed processing times and fees vary.

Bot & API Compatibility

The broker allows algorithmic and expert-advisor trading via MetaTrader 4, MetaTrader 5 and cTrader, and also supports FIX API connectivity for institutional clients. Automated trading, hedging and scalping are permitted under its STP/ECN model, subject to account-type rules.

Trading Conditions& Restrictions

Trading conditions include raw spreads, commissions from USD 4 per lot (Growth plan) and account threshold tiers; minimum position size is 0.01 lot. Leverage is provided up to 1:500 according to some sources, while other data indicate up to 1:100 or 1:200 depending on instrument and entity. Spread minima are reported from 0.0 pips on forex in certain account types, while standard tiers may start at approximately 1.7 pips.

Regulation & Security

The broker is registered with the Swedish Financial Supervisory Authority (Finansinspektionen) under registration number 80438. It states that client funds are held segregated and complies with European MiFID/ESMA directives, though note that the Swedish FX regulatory regime differs from some other jurisdictions.

Account and Setup

Account opening requires a verified registration and choice of account type. The website lists account tiers named ÒFree ForeverÓ, ÒGrowthÓ and ÒInstitutionalÓ with raw-spread structures and a minimum deposit noted as low as USD 25 for entry-level plans, whereas other sources reference USD 250 or USD 10,000 depending on entity and plan. Clients choose their base currency and platform during setup.

Funding Options

Funding supports credit/debit cards and bank transfers; card deposits via Visa, Mastercard, American Express and Diners Club became available in August 2023 with a minimum deposit cited at USD 1 for card funding in the portal. Deposits are credited quickly and withdrawals are processed via the client portal though detailed processing times and fees vary.

Bot & API Compatibility

The broker allows algorithmic and expert-advisor trading via MetaTrader 4, MetaTrader 5 and cTrader, and also supports FIX API connectivity for institutional clients. Automated trading, hedging and scalping are permitted under its STP/ECN model, subject to account-type rules.

Trading Conditions& Restrictions

Trading conditions include raw spreads, commissions from USD 4 per lot (Growth plan) and account threshold tiers; minimum position size is 0.01 lot. Leverage is provided up to 1:500 according to some sources, while other data indicate up to 1:100 or 1:200 depending on instrument and entity. Spread minima are reported from 0.0 pips on forex in certain account types, while standard tiers may start at approximately 1.7 pips.

Scandinavian Capital Markets Reviews

( 2 )

Scandinavian Capital Markets Reviews

( 2 )
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