Ram Nisha

Reviewer:

Ram Nisha
Arjun  Mandal

Fact checker:

Arjun Mandal
Modified:

Scandinavian Capital Markets Broker Review 2025

Scandinavian Capital Markets Broker Review 2025
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Your Capital is at risk.
Company:Scandinavian Capital Markets
Founded:2011
Min Deposit:$25
Max Leverage:500
Headquarter:

Kista, Sweden

US Accepted:
Copy Trading 1:500 Maximum Leverage STP/NDD Execution Type Raw Spread $0 Commission

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Your Capital is at risk.

About
Scandinavian Capital Markets is fully belonged to "Scandinavian Capital MarketsSCM AB" and obtained the licenses of FI and VFSC regulators. This broker's headquarters is in Kista, Sweden.
Contact
Kistagången 16, 5 tr, Kista, 16440 Sweden
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Regulated By a Reputable European Financial Authority
Offers Raw Spreads and Competitive Pricing
Provides Access to Multiple Trading Platforms
Emphasizes Transparency and Ethical Business Practices
Segregated Client Funds for Enhanced Security
No Dealing Desk Intervention (STP/ECN Execution)
Cons
Higher Minimum Deposits Compared to Some Competitors
Limited Range of Tradable Assets Beyond Forex and CFDs
No Islamic (Swap-Free) Accounts Available
Limited Educational Resources
score of blog
5 From 5.0
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Scandinavian Capital Markets is one of Sweden's oldest brokerages, established in 2011, and users trade more than 40 billion dollars annually in it.

More than 3 thousand people are actively using Scandinavian Capital Markets Broker services; That's because of features such as STP/NDD order execution and Segregated Client Funds.

Scandinavian Capital MarketsScandinavian Capital Markets is a Swedish broker founded by Arif Alexander Ahmad

Scandinavian Capital Markets Introduction and Regulation

Scandinavian Capital Markets, established in 2011, is a Swedish-based forex and CFD broker that has quickly gained recognition in the financial trading community.

The company prides itself on its Scandinavian heritage, emphasizing transparency, security, and ethical business practices. Key points about Scandinavian Capital Markets:

  • It's regulated by Sweden's Finansinspektionen (FI), the country's financial supervisory authority;
SCM FL License
Scandinavian Capital Markets FL Lisence
  • It's regulated by Vanuatu Financial Services Commission (VFSC) with 700472 license number;
  • Adheres to strict EU financial regulations and directives;
  • Implements robust KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures;
  • Provides a secure trading environment with segregated client funds.

Headquartered in Stockholm and overseen by the Swedish Financial Supervisory Authority, it caters primarily to institutional clients and high-volume traders.

Its core strengths include a zero-commission model, deep liquidity via STP-ECN, and professional-grade platforms including MT4, MT5, and cTrader, all optimized for transparency and speed.

Table of Specifications

This table provides a quick overview of the Forex broker's key offerings and specifications, highlighting its competitive edge in the forex market. SCM Specifications:

Broker

Scandinavian Capital Markets

Account Types

Free forever, Growth, Institutional

Regulating Authorities

FL, VFSC

Based Currencies

USD, EUR, GBP

Minimum Deposit

$25

Deposit Methods

Bank Wired, Visa, MasterCard, American Express, Skrill, USDT, USDC

Withdrawal Methods

Bank Wired, Visa, MasterCard, American Express, Skrill, USDT, USDC

Minimum Order

0.01 Lot

Maximum Leverage

1:500

Investment Options

Copy trading

Trading Platforms & Apps

MT4, MT5, FIX API, cTrader

Markets

Forex, Cryptocurrency, Commodities, Indices

Spread

Floating from 0.0 pips

Commission

$0 on Free forever account, $4 on Growth account, and custom on Institutional

Orders Execution

STP/NDD

Margin Call/Stop Out

100%/80%

Trading Features

STP/NDD Execution Type, Copy Trading, 1:500 Maximum Leverage, $0 Commission, Raw Spread

Affiliate Program

Yes

Bonus & Promotions

Yes [20% Affiliate]

Islamic Account

No

PAMM Account

No

Customer Support Ways

Email, Phone Call, Live Chat, Indoor Meeting

Customer Support Hours

24/5

Restricted Countries

USA, Cuba, Sudan, North Korea, Syria, Belarus, Iran, Iraq, Lebanon, Libya, and Many More

What Are Scandinavian Capital Markets Account Types?

Traders can choose from three scalable account tiers:

  • Free Forever: A zero-cost plan for basic strategy testing, capped at 30 lots/month
  • Growth: Geared toward serious traders, offering unlimited volume with a $4/lot commission
  • Institutional: Tailored for high-frequency or fund-level clients with custom pricing, FIX API, and analytics
Account Types
SCM offers Free forever, Growth, and Institutional to traders

Minimum deposits range from $25 to $10,000, depending on the plan. All accounts use raw spreads, and higher-tier clients benefit from priority support and enhanced infrastructure. Scandinavian Capital Markets account type comparison:

Specifics

Free forever

Growth

Institutional

Raw spreads

Available

Available

Available

Trading threshold

30 Lots

Unlimited

Unlimited

Maximum Leverage

1:500

1:500

Custom

FIX API

-

Included

Included

Custom liquidity

-

-

Available

Commission Per Lot

$0

$4

Custom

Free withdrawals

-

-

Available

Minimum deposit

$25

$25

$10,000

24/5 Support

Available

Available

Available

Phone Support

-

Available

Available

Dedicated Support

-

-

Available

Each account type is designed to provide traders with the tools and conditions they need to succeed, regardless of their trading style or experience level.

SCM Advantages and Disadvantages

While this broker offers numerous advantages, you should consider the disadvantages and weigh these against your specific trading style; Scandinavian Capital Markets Pros and Cons:

Pros

Cons

Regulated By a Reputable European Financial Authority

Higher Minimum Deposits Compared to Some Competitors

Offers Raw Spreads and Competitive Pricing

Limited Range of Tradable Assets Beyond Forex and CFDs

Provides Access to Multiple Trading Platforms

No Islamic (Swap-Free) Accounts Available

Emphasizes Transparency and Ethical Business Practices

Limited Educational Resources

Segregated Client Funds for Enhanced Security

-

No Dealing Desk Intervention (STP/ECN Execution)

-

If you are looking for brokers with Islamic accounts, you can find them on our forex brokers listing page.

Scandinavian Capital Markets Sign Up Guide; How to Do it in 6 Minutes?

The broker offers a fast-track onboarding process designed for traders who want immediate access to a professional-grade brokerage platform. The Scandinavian Capital Markets registration process takes only 3 minutes and ensures email-verified access to your trading dashboard.

#1 Visit the Official Website

Head to the Scandinavian Capital Markets website and click on “Get Started” to launch the sign-up form.

#2 Enter Your Details

Complete the registration form by entering your personal information, including:

  • First name
  • Last name
  • Email address
  • Account password (include uppercase, lowercase, digits, and symbols)

Accept the terms, and click “Register”.

Scandinavian Capital Markets Registration
Registering with Scandinavian Capital Markets requires a valid email address

#3 Confirm Your Email

Check your inbox for a verification email from Scandinavian Capital. Click the embedded link to activate your account. Be sure to check the spam folder if you don’t see it right away.

After email confirmation, you can proceed with Scandinavian Capital Markets verification and start funding your account for trading.

#4 Complete the KYC Procedure

Submit the required KYC documents, including:

  • Government-issued photo ID: Passport or Driver's license
  • Proof of Residence: Utility bill or Bank statement (not older than 3 months)

Wait for verification approval and choose your preferred account type (Free Forever, Growth, or Institutional). Once approved, fund your account using one of the available payment methods.

Trading Platforms

Scandinavian Capital Markets supports a full suite of industry-standard platforms, including MetaTrader 4, MetaTrader 5, and cTrader, all accessible via desktop, web, and mobile.

This multi-platform architecture is backed by STP-ECN routing, ensuring real-time execution and institutional-grade market depth. While MT4 and MetaTrader 5 serve most forex strategies, cTrader is favored for its transparency, detailed analytics, and advanced order controls.

SCM Trading Platforms
Scandinavian Capital Markets supports MT4, MT5, cTrader and FIX API

MetaTrader 4 (MT4)

  • Industry-standard platform with a user-friendly interface
  • Advanced trading tools and technical indicators
  • Supports Expert Advisors (EAs) for automated trading
  • Available for desktop, web, and mobile devices

MetaTrader 5 (MT5)

  • Next-generation platform with enhanced features
  • Multi-asset trading capabilities
  • Advanced Market Depth and economic calendar
  • Improved backtesting and trading strategy optimization tools

cTrader

  • Modern, intuitive platform designed for ECN trading
  • Customizable interface and advanced charting
  • Supports algorithmic trading with cBots
  • Level II pricing and one-click trading

FIX API

  • Direct market access for institutional clients and high-frequency traders
  • Low-latency execution and custom solutions
  • Ideal for those requiring advanced integration and automation

TradingFinder has developed a wide range of MT4 and MT5 indicators that you can use for free.

Scandinavian Capital Markets Fee Structure

Scandinavian Capital Markets adopts a transparent and competitive fee structure; SCM Commission and Fees:

  • Spreads: Raw spreads starting from 0.0 pips
  • Commissions: $0 on Free forever account, $4 on Growth account, and custom on Institutional
  • Swaps: Overnight fees apply for positions held beyond the daily cut-off time
  • Deposit Fees: No fees for deposits
  • Withdrawal Fees: Generally free, but a $25 fee may apply for small withdrawals or inactive accounts
  • Inactivity Fee: €20 per month after 12 months of no trading activity

The broker's fee structure is designed to be competitive, especially for high-volume traders.

What Payment Methods Are Available in Scandinavian Capital Markets?

Scandinavian Capital Markets offers a variety of payment methods to accommodate different client preferences:

  • Bank Wire Transfer: Secure and suitable for large deposits
  • Credit/Debit Cards: Visa, Mastercard, and American Express
  • E-wallets: Skrill
  • Cryptocurrencies: USDT (Tether), USDC (USD Coin)

The broker offers limited free withdrawals, variable based on the account type:

  • Free Forever plan: 2 free withdrawals/month
  • Growth plan: 4 free withdrawals/month
  • Institutional: Custom terms

What Investment Plans Are Offered by SCM?

Scandinavian Capital Markets has integrated the cTrader Copy social trading platform, offering clients the opportunity to do copy trading in its “FXCopy” service; FXCopy Features:

  • FXCopy allows investors to replicate the trades of successful traders;
  • Precise equity-to-equity copying ensures accurate position sizing;
  • Transparent performance metrics help in selecting suitable strategy providers;
  • Ideal for novice traders or those looking to diversify their trading approach;
  • Strategy providers can earn additional income by sharing their expertise.

The copy trading feature can be viewed as a means for traders to potentially grow their accounts by leveraging the expertise of experienced traders.

Scandinavian Capital Markets Broker Instruments and Assets

In the Scandinavian Capital Markets review, we noticed that they provide access to a diverse range of financial markets:

SCM InstrumentsYou can trade Forex, Indices, Commodities, and Crypto with this broker

Stocks, ETFs, and bonds are not offered, aligning with the broker’s focus on liquid, high-volatility instruments for active strategies.

  • Forex: Major, minor, and exotic currency pairs with competitive spreads and high liquidity
  • Indices: Global stock market indices (e.g., S&P 500, FTSE 100, DAX), Cash and futures contracts available
  • Commodities: Precious metals (Gold, Silver), Energy products (Crude Oil, Natural Gas), Agricultural commodities
  • Cryptocurrencies: Major crypto pairs (e.g., BTC/USD, ETH/USD)

Bonus and Promotional Plans

While Scandinavian Capital Markets doesn't offer traditional trading bonuses, they do have an attractive affiliate program:

  • Up to 20% of the revenue generated from their referrals
  • Transparent tracking and reporting system
  • Regular payouts and dedicated affiliate support
  • Opportunity for ongoing passive income

The focus on an affiliate program rather than trading bonuses aligns with the broker's commitment to transparency and fairness in trading conditions.

Scandinavian Capital Markets Customer Support

Clients can contact the support team through email, direct phone, and a 24/5 live chat interface.

SCM Support
To contact SCM support you can use email, phone call, live chat and indoor meeting

Language availability is not clearly stated, though English appears to be the primary medium.

  • Email: support@scandinavianmarkets.com
  • Phone Call: +46 8 525 160 29
  • Live Chat: Available on the website during business hours
  • Indoor Meeting: Possible for institutional clients (by appointment)
  • FAQ Section: Comprehensive resource for common queries

The support team is available 24/5, providing assistance in multiple languages. The broker prides itself on responsive and knowledgeable customer service, reflecting its commitment to client satisfaction.

What Countries Are Restricted from Using Scandinavian Capital Markets Services?

While Scandinavian Capital Markets aims to serve a global clientele, there are some geo-restrictions in place:

  • North America: USA, Cuba, Nicaragua, Venezuela;
  • Asia: Afghanistan, Myanmar, Iraq, Iran, Indonesia, Lebanon, Malaysia, North Korea, Pakistan, Syria, Yemen;
  • Europe: Belarus, Moldova, Russia;
  • Africa: Burundi, Central African Republic, Congo, Guinea, Guinea-Bissau, Libya, Mali, Somalia, Sudan, South Sudan, Zimbabwe.

Scandinavian Capital Markets Restricted CountriesScandinavian Capital Markets Restricted Countries Full List

It's advisable for potential clients to check their eligibility based on their country of residence before attempting to open an account.

Scandinavian Capital Markets Broker User Satisfaction

In the Scandinavian Capital Markets review, we discovered that user feedback is generally positive based on the broker's Trustpilot profile. SCM Trust Scores:

What Are Scandinavian Capital Markets Educational Materials?

Currently, the blog is the only educational resource available in the Scandinavian Capital Markets Broker.

SCM BlogScandinavian Capital Markets Blog Overview

As you can see in the picture above, this broker's blog does not update weekly or daily. In any case, the following are presented in the SCM blog:

  • articles on forex market analysis and trading strategies
  • Insights into economic events and their impact on currency markets
  • Educational content on trading psychology and risk management

You can check TradingFinder's Forex education section for additional resources.

Scandinavian Capital Markets Comparison Table

Let's compare SCM's features and services with the top forex brokers:

Parameter

Scandinavian Capital Markets Broker

Exness BrokerHFM BrokerFxPro Broker

Regulation

FL, VFSC

FSA, CySEC, FCA, FSCA, CBCS, FSC, CMACySEC, DFSA, FCA, FSCA, FSAFCA, FSCA, CySEC, SCB

Minimum Spread

From 0.0 pipsFrom 0.0 PipsFrom 0.0 PipsFrom 0.0 Pips

Commission

From $0.0

From $0.2 to USD 3.5From $0From $0

Minimum Deposit

$25

$10From $0$100

Maximum Leverage

1:500

Unlimited1:20001:500

Trading Platforms

MT4, MT5, FIX API, cTrader

Exness Trade (mobile), Exness Terminal (web), MT4, MT5MT4, MT5, Mobile AppMT4, MT5, cTrader, Web Trader, Mobile App

Account Types

Free forever, Growth, Institutional

Standard, Standard Cent, Pro, Raw Spread, ZeroCent, Zero, Pro, PremiumStandard, Pro, Raw+, Elite

Islamic Account

NoYesYesYes

Number of Tradable Assets

N/A

200+1,000+2100+

Trade Execution

STP, NDD

Market, InstantMarket, Buy Stop, Stop Loss, Limit, Take ProfitMarket, Pending

Trading Finder Expert Conclusion and Final Words

3 account types [Free forever, Growth, Institutional], 1:500 maximum leverage, $25 minimum deposit, copy trading and FIX API are some of the advantages of Scandinavian Capital Markets. On the other hand, it does not offer Islamic account and has limited educational resources

FAQs

Is Scandinavian Capital Markets regulated?

Yes, it's regulated by the Swedish Financial Supervisory Authority (Finansinspektionen) and Vanuatu’s VFSC.

How much is the minimum deposit?

The minimum deposit varies by account type, starting from $25 for a Free forever Account.

Does Scandinavian Capital Markets offer copy trading?

Yes, through the cTrader Copy platform.

Can U.S. residents open an account?

No, Scandinavian Capital Markets does not accept clients from the United States.

Does Scandinavian Capital Markets offer Islamic (swap-free) accounts?

No, Islamic accounts are not currently offered by the broker.

What trading platforms are supported?

The broker supports MT4, MT5, c Trader, and FIX API, providing both manual and automated trading environments with raw spreads and low latency.

What are the available account types?

Three accounts: Free Forever (zero commission), Growth ($4/lot), and Institutional (custom pricing). Each supports raw spreads, 1:500 leverage, and multi-platform access.

What is the maximum leverage offered?

Leverage goes up to 1:500, available on all account types, suitable for both retail and institutional traders with high-risk tolerance.

What trading assets can I access?

Trade Forex, Crypto, Commodities, and Indices. Stocks, ETFs, and bonds are not supported, aligning the broker with high-volatility trading styles.

What fees does the broker charge?

Spreads start at 0.0 pips. The Free Forever account is commission-free, while Growth charges $4/lot. Withdrawals are free based on account level.

Are there inactivity or withdrawal fees?

Yes. There’s a €20 monthly inactivity fee after 12 months. Withdrawals are mostly free, but $25 may apply to small or inactive accounts.

What deposit/withdrawal methods are available?

Payment methods include Bank Wire, Visa/MasterCard, Skrill, and Crypto (USDT/USDC). No deposit fees; withdrawal limits depend on account type.

How fast is the account registration process?

The sign-up process takes about 3–6 minutes. You’ll need to confirm your email and complete KYC with valid ID and proof of address.

Is there a mobile trading option?

Yes, MT4, MT5, and c Trader are available on iOS and Android, allowing full mobile access to the markets.

What’s the commission structure across accounts?

  • Free Forever: $0
  • Growth: $4/lot
  • Institutional: Custom pricing

All accounts use raw spreads with STP/NDD routing.

Does SCM offer educational resources?

Educational content is limited to a blog, covering market analysis, trading strategies, and risk management, but no video courses or webinars are provided.

What countries are restricted from using SCM?

Restricted countries include USA, Iran, North Korea, Syria, Russia, Belarus, and others. Users must check eligibility before registering.

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