In this Scandinavian Capital Markets Review, we are going to take a look at the offer that this broker prepared for its traders. Scandinavian Capital Markets operates on the financial market since 2011. When it comes to trading platforms, the broker features cTrader, Currenex and MetaTrader 4. The Scandinavian Capital Markets minimum deposit is 10 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this Scandinavian Capital Markets Review
| Website address: | http://scandinavianmarkets.com/ |
| Licensed and authorised by regulatory bodies: | FSA |
| Supported languages: | English |
| Customer support available via: | |
| Contact details: | [email protected] +46 8 446 85920 |
| Available deposit methods: | Bank transfer |
| Available withdrawal methods: | Bank transfer |
| Minimum deposit: | 10 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Minimal spread on the currency pair EUR/USD - 1,7 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | cTrader, Currenex |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:100 |
| Social trading: |  |
Scandinavian Capital Markets Fees (minimal spreads)
We have scanned fees (minimal spreads) that Scandinavian Capital Markets charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 1,7* | * | * | * | * |
*Minimal spreads were recorded on 29.07.2020 at 17:37 for the standard account. Scandinavian Capital Markets spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: HMarkets, FxGrow, TitanFX and streamsfx
Frequently Asked Questions
🧐 Is Scandinavian Capital Markets a Scam?
In accordance with our research, Scandinavian Capital Markets is a broker licensed and regulated by the FSA. While it is a good thing that the broker is regulated, the FSA regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that Scandinavian Capital Markets is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the Scandinavian Capital Markets minimum deposit?
In order to start trading with Scandinavian Capital Markets, you have to deposit at least 10 USD (Trading accounts can also be held in USD, EUR, GBP, SEK).
📵 What deposit and withdrawal methods Scandinavian Capital Markets supports?
⚖️ Would you recommend me choosing Scandinavian Capital Markets?
We don’t have our own personal experience with Scandinavian Capital Markets. However, the broker is regulated by the FSA which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with Scandinavian Capital Markets.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
