Scandinavian Capital Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 18:30

Abstract：　Scandinavian Capital is a brokerage firm based in Sweden, operating for 2-5 years. While the company operates in an unregulated environment, it offers trading opportunities in Forex, Indices, and Commodities across three account types: Free, Professional, and Institutional. With no minimum deposit requirement, clients can access the financial markets through popular trading platforms like MetaTrader 4, MetaTrader 5, and cTrader, with the option to practice trading with a demo account. 　　The company provides comprehensive customer support through phone, email, and ticketing systems, ensuring clients receive timely assistance. Additionally, Scandinavian Capital offers a wide range of deposit and withdrawal options, making it convenient for clients to manage their funds. The brokerage also provides educational resources, including news updates, articles, and educational materials, to help clients stay informed and enhance their trading knowledge and skills.

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	❌

What Can I Trade on Scandinavian Capital Markets?

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.