Scandinavian Capital Markets
Published: Updated:
- Trust score
- 3/10
- Legal simplicity
- 3/10
- Min. deposit
- 10000
- Regulations
- Payment systems
- Instruments
- Forex, Metals, Indices, Commodities, Energies
- Legal entity
- Scandinavian Capital Markets SCM AB
- Jurisdiction
- Sweden
- Fees
- Pricing is raw spread with a per-lot commission, aimed at higher-volume and professional clients rather than at small retail accounts. Overnight swaps apply.
- Withdrawals
- Withdrawals go by bank transfer to an account in the client's own name, normally processed within one to two business days.
- Available in
Features
- Seminars and training
- Daily analyst commentary
- Islamic (swap-free) accounts
- MAM (Multi-Account Manager) support
- Segregated client funds
- ECN account types
- Scalping allowed
- Affiliate program
Pros
- Regulated ECN broker (Finansinspektionen, Sweden)
- Choice of cTrader, Currenex, and MetaTrader 4 platforms
- Hedging, scalping, and Expert Advisor (EA) trading allowed
Cons
- High minimum deposit of $10,000
- Deposits accepted by bank transfer only
Scandinavian Capital Markets is an ECN broker headquartered in Stockholm, Sweden, operating since 2011. It is regulated by Finansinspektionen, Sweden's financial supervisory authority, and complies with ESMA and MiFID rules, including segregated client funds. The broker targets experienced traders with a $10,000 minimum deposit, tiered ECN accounts, and leverage capped at 1:30 for retail clients under ESMA rules.
Scandinavian Capital Markets is a Swedish ECN broker offering segregated and Islamic accounts, MAM support, seminars, and daily market analysis.
Scandinavian Capital Markets is an ECN broker headquartered in Stockholm, Sweden, operating since 2011. This review covers its regulation, leverage, account types, platforms, minimum deposit, and fees.
Regulation and safety
Scandinavian Capital Markets is authorized and regulated by Finansinspektionen, the Swedish financial supervisory authority, and complies with ESMA standards and the MiFID directive. Client funds are held in segregated accounts, separate from the broker's own capital.
Leverage
Under ESMA rules, retail traders get up to 1:30 leverage on major currency pairs. Traders who verify professional status can access up to 1:100 leverage.
Trading accounts
| Account | Minimum deposit | Spreads from | Commission |
|---|---|---|---|
| Standard | $10,000 | 1.7 pips | None |
| Premium | $25,000 | 0 pips | $10 per lot |
| Custom | $250,000 | Individually set | Individually set |
An Islamic (swap-free) account is available on request.
Platforms and tools
Scandinavian Capital Markets offers cTrader, Currenex, and MetaTrader 4. Automated trading and API access run through Myfxbook, and the broker supports MAM (Multi-Account Manager) setups for traders managing multiple client accounts.
Deposits and eligibility
Deposits and withdrawals are processed without additional broker fees, but deposits can only be made by bank transfer. The broker does not accept residents of the United States, Iran, Syria, North Korea, Yemen, or Cuba.
Who it suits
The $10,000 minimum deposit puts Scandinavian Capital Markets out of reach for beginners. It is better suited to experienced traders who can use its ECN pricing, professional-grade platforms, and higher leverage tier.
Trading conditions
Scandinavian Capital Markets positions itself as an introducing and execution service for serious traders rather than as a mass-market retail broker, with a Stockholm base and a focus on institutional-grade liquidity access.
The offering centres on raw-spread pricing with commission on MetaTrader 4 and cTrader, and the client profile it targets is high-volume, professional or fund rather than a first live account. Minimum deposits reflect that.
The regulatory position needs checking directly rather than inferring from the Swedish address: an introducing arrangement means the entity holding client money may not be the entity you deal with. Establish which company appears on your account statement and which regulator, if any, supervises it.
Verification
Onboarding is closer to an institutional process than a retail signup, with identity, source-of-funds and suitability documentation, and it takes longer accordingly.
Confirm the custody arrangement explicitly. Where a firm introduces clients to an executing broker, the money sits with that broker under its own regulator's rules, and the protections are theirs rather than the introducer's. This is the single question worth asking before depositing.
