The Scandinavian Capital Markets verification process is a mandatory 4-step procedure. This process requires traders to enter personal details, provide POI and POA documents, verify phone number, and pass a liveness check.
After verifying your account, you can easily trade over 44 instruments in 4 markets, including Forex, indices, cryptocurrencies, and metals in MT4, MT5, and cTrader
How to Complete the Scandinavian Capital Markets Authentication Process
After Scandinavian Capital Markets registration, follow these steps to complete your account authentication in the Scandinavian Capital Markets broker. Scandinavian Capital Markets verification steps:
- Access the verification section in the dashboard;
- Submit identity confirmation documents and liveness check;
- Upload proof of address document and confirm phone number;
- Complete the user profile, including financial and political status information.
Before proceeding, check the table below to see if you have all the required information to verify your Scandinavian Capital Markets account.
Verification Requirement | Yes/No |
Full Name | Yes |
Country of Residence | Yes |
Date of Birth Entry | Yes |
Phone Number Entry | Yes |
Residential Address Details | Yes |
Phone Number Verification | Yes |
Document Issuing Country | Yes |
ID Card (for POI) | Yes |
Driver’s License (for POI) | Yes |
Passport (for POI) | Yes |
Residence Permit (for POI or POA) | Yes |
Utility Bill (for POA) | Yes |
Bank Statement (for POA) | Yes |
2-Factor Authentication | No |
Biometric Face Scan | Yes |
Financial Status Questionnaire | Yes |
Trading Knowledge Questionnaire | Yes |
Restricted Countries | Yes |
#1 Accessing the Verification Section
To start this procedure:
- Log in to your Scandinavian Capital Markets account;
- Click on the "Application" button;
- Select "Continue".
Next, decide whether to continue on the current device or switch to mobile and specify whether you are a U.S. citizen or not.
#2 Submitting Proof of Identity (POI) and Live Video Check
Select your country and type of identification document. Available options include:
- Passport
- National ID
- Driver’s license
- Residence permit
Next, upload both front and back images of your ID document and proceed with the liveliness check by recording a live video with your camera.
#3 Uploading Proof of Address (POA) Document and Confirming Phone Number
Select and upload a valid document to verify your address. Available options include:
- Utility bills;
- Bank statements;
- Other official documents, including your name and address.
In this part of the process, you should enter your phone number and click "Send Verification Code". Then input the code received via SMS in the box.
#4 Completing User Profile
Enter your personal and residential details, such as:
- Name
- Date of birth
- Country
- Street address
- City
- State/Province
- Postal code
Provide account details (platform, currency, leverage) and financial information in this form.
Provide information about your source of funds, occupation, and annual income.
To finalize the process, answer the questions and state whether you are a politically exposed person (PEP) or not.
Scandinavian Capital Markets KYC Table
The table below provides a comparison of the KYC documents needed for account verification in Scandinavian Capital Markets and 3 other brokers.
Verification Requirement | Scandinavian Capital Markets Broker | |||
Full Name | Yes | No | Yes | Yes |
Country of Residence | Yes | No | Yes | Yes |
Date of Birth Entry | Yes | No | Yes | Yes |
Phone Number Entry | Yes | No | Yes | No |
Residential Address Details | Yes | No | Yes | Yes |
Phone Number Verification | Yes | No | Yes | No |
Document Issuing Country | Yes | No | Yes | Yes |
ID Card (for POI) | Yes | Yes | Yes | Yes |
Driver’s License (for POI) | Yes | Yes | Yes | Yes |
Passport (for POI) | Yes | Yes | Yes | Yes |
Residence Permit (for POI or POA) | Yes | Yes | Yes | Yes |
Utility Bill (for POA) | Yes | Yes | No | Yes |
Bank Statement (for POA) | Yes | Yes | No | Yes |
2-Factor Authentication | No | No | No | No |
Biometric Face Scan | Yes | Yes | Yes | No |
Financial Status Questionnaire | Yes | No | No | No |
Trading Knowledge Questionnaire | Yes | No | No | No |
Restricted Countries | Yes | Yes | Yes | Yes |
TF Expert Suggestion
The Scandinavian Capital verification process takes about 15 minutes to complete, and it is essential to gain access to trading features. To do so, traders can upload their passport, ID card, driver’s license or residence permit.
Now that your account is verified, explore Scandinavian Capital Markets' deposit and withdrawal methods to manage your account using the guides on the Scandinavian Capital Markets tutorial page.
