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No Regulation
Score
2.25 /10
Danger
Scandinavian Capital Markets
5-10 yearsSuspicious Regulatory License
White label MT4
High potential risk
Influence
B
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.07
Risk Management Index0.00
Software Index8.89
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
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Warning: Low score, please stay away!
Previous Detection :
2024-12-28
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Scandinavian Capital Markets Review Summary | |
| Registered Country/Region | Sweden |
| Regulation | Unregulated |
| Market Instruments | Forex, Commodities, Indices, Cryptocurrencies |
| Demo Account | ✔ |
| Leverage | Up to 1:500 |
| Spread | Raw spread |
| Commissions | $0, $4 or custom |
| Minimum Deposit | $25 to $10000 |
| Trading Platform | MetaTrader 4, MetaTrader 5, cTrader |
| Customer Support | Email: info@scandinavianmarkets.com |
| Phone: +46 8 525 160 32 | |
| 24/7 Online Chat: Available | |
| Physical Address: Kistagången 16, 5th Floor, Kista, 16440 Sweden | |
Scandinavian Capital Markets Information
Established in 2012, Scandinavian Capital Markets runs as a Straight Through Processing (STP) broker but unregulated. By means of well-known platforms including MetaTrader 4, MetaTrader 5, and cTrader, it provides trading on Forex, commodities, indices, and cryptocurrencies.
Pros and Cons
| Pros | Cons |
| Supports advanced trading platforms (MT4, MT5, cTrader) | Unregulated |
| Offers raw spreads starting from 0.0 pips | Doesn't provide service to American |
| Provide up to 1:500 leverage | No shares for trading |
Is Scandinavian Capital Markets Legit?
Scandinavian Capital Markets is unregulated.
What Can I Trade on Scandinavian Capital Markets?
Scandinavian Capital Markets offers many trading instruments, such as Forex (including major and exotic currency pairs), commodities like gold, silver, and oil, popular indices such as the Dow and NASDAQ 100, as well as an array of cryptocurrencies, including BTC, ETH, and Solana.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
Account Types
Scandinavian Capital Markets offers 3 main account types.
| Free Forever | Growth | Institutional |
| The essentials to test your strategy and execution. | Competitive market conditions for experienced traders. | Dedicated trading infrastructure for financial institutions. |
| $0 per lot RT | $4 per lot RT | Custom |
| Raw spreads | Raw spreads | Custom liquidity build |
| 30 lot monthly threshold | Unlimited volume | Advanced analytics |
| Premium support | 1-hour, dedicated support response time | |
| FIX API |
Scandinavian Capital Markets Fees
Scandinavian Capital Markets offers competitive raw spreads. However, it charges commissions based on account type, from $0 to $4 per lot.
| Accounts | Free Forever Plan | Growth Plan | Institutional Plan |
| Spreads | Raw Spreads | Raw Spreads | Raw Spreads |
| Trading Threshold | Up to 30 lots | Unlimited | Unlimited |
| Leverage (Up to) | 1:500 | 1:500 | Custom |
| Commission per Lot RT | $0 | $4 | Custom |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 | ✔ | Web, Desktop, Mobile | Beginner to intermediate traders |
| MetaTrader 5 | ✔ | Web, Desktop, Mobile | Advanced traders |
| cTrader | ✔ | Web, Desktop, Mobile | Professional traders |
Deposit and Withdrawal
Scandinavian Capital Markets requires a $25-$10,000 minimum deposit, offers 2-4 free monthly withdrawals, and supports bank transfers and credit cards.
| Feature | Free Forever Plan | Growth Plan | Institutional Plan |
| Free Withdrawals | 2 per month | 4 per month | Custom (Based on Agreement) |
| Minimum Deposit | $25 | $25 | $10,000 |
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