Scandinavian Capital Markets

Scandinavian Capital Markets Review Summary

Scandinavian Capital Markets, founded in 2012 and based in Sweden, operates as a Straight Through Processing (STP) broker but is not under any regulatory supervision. The company provides access to major trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader. Its clients can trade forex, commodities, indices, and cryptocurrencies.

• Headquarters: Sweden

• Regulation: Unregulated

• Available Instruments: Forex, commodities, indices, cryptocurrencies

• Demo Account: Yes

• Leverage: Up to 1:500

• Spreads: Raw spreads available

• Commission: $0, $4, or custom depending on account type

• Minimum Deposit: $25 to $10,000

• Trading Platforms: MT4, MT5, cTrader

• Customer Support: Email, phone, 24/7 live chat, physical office in Kista, Sweden

Pros and Cons

Pros

• Access to advanced trading platforms (MT4, MT5, cTrader)

• Raw spreads starting from 0.0 pips

• Leverage up to 1:500

Cons

• Unregulated broker

• No stock trading offered

• Services unavailable for U.S. residents

Trading Instruments

Scandinavian Capital Markets provides a variety of trading opportunities:

• Forex: Major, minor, and exotic currency pairs

• Commodities: Gold, silver, oil

• Indices: Examples include Dow Jones and NASDAQ 100

• Cryptocurrencies: Options include Bitcoin, Ethereum, and Solana

Notably, the broker does not support trading in shares, ETFs, or bonds.

Account Types

The broker offers three account structures:

• Free Forever Plan: Allows traders to test strategies with raw spreads, zero commission, and up to 30 lots per month.

• Growth Plan: Tailored for experienced traders with $4 commission per lot, raw spreads, unlimited trading volume, and priority support.

• Institutional Plan: Customized services for institutions, including custom liquidity solutions, advanced analytics, and FIX API access.

Fees

• Spreads are offered on a raw basis across all accounts.

• Commissions range from $0 to $4 per lot depending on the plan, while institutional accounts may have customized fees.

Trading Platforms

• MetaTrader 4 (MT4): Suitable for beginners and intermediate traders.

• MetaTrader 5 (MT5): Designed for advanced traders.

• cTrader: Targeted at professional traders seeking advanced features.
  All platforms are accessible via web, desktop, and mobile devices.

Deposits and Withdrawals

• Minimum deposits range between $25 and $10,000 depending on account type.

• The broker offers 2–4 free withdrawals per month, with additional withdrawals subject to fees.

• Supported payment methods include bank transfers and credit cards.