The Forex Valhalla Initiative: Know Your Broker


Online Investing is Antisocial
Technology is driving business to become ever more impersonal. Communication technologies such as instant messaging, video conferencing, online ordering, email and social media have enabled us to extend the reach of who we can do business with, across oceans and timezones, which is amazing. The downside is that we, the general population, have become lazy. These powerful communication capabilities are also used to communicate with contacts in the same town that you could quickly grab lunch.

Online trading is a notoriously antisocial activity, but it wasn’t always like that. Brokers used to give quotes and take orders over the phone, traders would shout and use hand signals to place orders on the exchange trading floor, and investors would meet their account managers for lunch. Like most industries, trading and investing was a very social activity and has undergone a significant transformation due to technology.

How to Know your Broker
Doing business online has become the norm, but sometimes we find ourselves faced with a deal which is outside of our comfort zone. Everyone has different boundaries, but we all have a breaking point. Day trading can be an emotional rollercoaster, add on top of that the anxiety that your broker doesn’t have your best interests in mind can have a devastating effect. One broker has found a solution when it comes to reassuring their clients and bringing back that old school face-to-face approach.

Scandinavian Capital Markets is a Stockholm based forex broker that has created a unique business partnership program called the Forex Valhalla Initiative. The Forex Valhalla Initiative originates from Norse mythology (more on that later). The program, set up by Scandinavian Capital Markets invites their clients and money managers on a sponsored trip to visit the companies headquarters in Stockholm to meet with the management and operational staff. This initiative restores old school elements of business which are gradually fading.

Meet your Broker in Person
While many brokers opt for wide-reaching regional seminars with local sales managers in attendance, the Forex Valhalla goes for a more concentrated approach. It gives invitees a unique opportunity to visit the engine room and meet the crew without the marketing filter distorting reality. This approach is genuinely refreshing.

What is the Forex Valhalla Experience
The Forex Valhalla takes inspiration from the Norse myth of Valhalla. For a more in-depth explanation of this myth and how it inspires Scandinavian Capital Markets, you should read this post on Medium. In brief, Scandinavian Capital Markets is building an environment for forex traders who have endured the toughest challenges forex has to offer. It’s the traders who have stared into the eyes of the beast which is the many unscrupulous FX brokers that walk this earth. For the traders who a resilient enough to have survived the FX minefield, their Valhalla is a well-managed broker who follows a strict code of ethics.

What the Forex Valhalla Achieves
The project aims to connect with the international community of Forex participants who not only strive to improve the industry but believe that it can be done. Anyone with influence in the industry is welcome to join, such as business leaders, educators, influencers, professional traders and fund managers. If you want to help make forex better, you can register your interest in getting involved here. The alumni of the Forex Valhalla include many notable personalities from the FX community.

Photo Gallery: Premier IBs and Traders Conference in South Africa

Scandinavian Capital Markets had a successful conference for premier IBs and Forex traders in South Africa, Johannesburg. The event featured organizers and guests speakers such as Michael Buchbinder (Scandinavian Capital Markets), Nick Sproule (Blackstone Futures), Francis Hunt (the Trading Sniper), Stephen Nefdt (Forex Wealth), Richard Goers (ML^ Predictive Analytics Trading), Robert Lotter (SetBot) and others.

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Scandinavian Capital Markets Launches cTrader for Retail and Institutional Traders

Scandinavian Capital Markets is proud to announce a further expansion of our trading platform offering, with the addition of multi-award winning cTrader, available to both their Retail and Institutional Clients.

Trusted by millions of traders worldwide and supported by a large community of partners, cTrader incorporates the most advanced tools, offering state-of-the-art technology for fast entry and execution, asynchronous order processing and Level-II pricing. 

Furthermore, it combines a wide range of advanced order types, as well as cutting-edge tools for effective risk management, helping investors to better inform their trading decisions. The platform’s web, desktop and mobile interface also allows for seamless, uninterrupted trading anytime, from anywhere in the world.

The combination of cTrader, alongside a deep, multi-asset liquidity pool from an extensive list of Tier-1 financial institutions through Scandinavian Capital Markets’ established relationships, makes the platform an ideal choice for every trader. 

Michael Buchbinder, Managing Partner at Scandinavian Capital Markets commented: “We are delighted to be extending our platform offering and believe that cTrader is an ideal platform for both beginners and more experienced traders. Professional traders can utilise their skills through cTrader’s API protocols, whereas novices can benefit from the platform’s advanced trading tools and risk management features in order to better perform their strategies. We are advocates of robust risk management and always try to help our clients make sound trading decisions. cTrader now allows us to provide the clients with all the necessary tools and resources in order for them to succeed and strengthen their trust towards our company”.

Michael Buchbinder and Alexander Geralis

Alexander Geralis, Business Development Manager at Spotware, commented: “We are pleased to welcome Scandinavian Capital Markets to our growing list of brokers. Scandinavian Capital Markets is a broker who shares our ‘Trader’s First’ mentality. We know that Scandinavian Capital Markets’ traders have been eagerly awaiting to use cTrader and at the same time, respect how the company puts in a great deal of effort to understand the platform and its benefits before concluding that it is exactly what their traders are after”. 

The cTrader platform can be downloaded from the Scandinavian Capital Markets’ website.