We've gathered the answers to the most common questions we get from our customers. If your question isn’t addressed here or you want to clarify something, our team is available.


1Where is Scandinavian Capital Markets located?
Scandinavian Capital Markets SCM AB is a currency trading broker registered in Sweden under the company registration number 556863-5972. The company is registered with the Swedish Financial Supervisory Authority (Finansinspektionen) under FI number 80438. We are headquartered at Torshamnsgatan 27, Kista 164 40, Sweden. While the company and management team are based in Sweden, our operations and customer support team is distributed throughout Europe.
2Do you accept clients from every country?
No, While we accept inbound registrations from many countries, there are some restrictions according to our risk, regulatory and compliance programs. You can see if your country is accepted or not in our registration form.
3Do you charge any fees?
We do not charge fees for deposits in the majority of cases. We also do not charge fees for withdrawals. We do, however, charge a discretionary $25 fee for withdrawals if no trading activity is undertaken.
4Do you report taxes?
No. We do not withhold or report taxes. You are responsible for reporting and paying your tax according to the laws of your tax domicile.
5What is Scandinavian Asset Management?
Scandinavian Asset Management was a platform offering passive currency trading strategies to Scandinavian Capital Markets customers. We no longer provide an asset management service.
6What is Nordic Funder?
In 2021, Scandinavian Markets launched the Scandinavian Funded Trader Program. In 2022, it became an independent company and rebranded to Nordic Funder for strategic reasons. Learn more about Nordic Funder here: https://nordicfunder.com


1What is the minimum deposit?
We do not have a minimum deposit requirement. We trust our traders to evaluate the funds required for their trading strategy and what they're prepared to risk.
2What funding options are available?
You can deposit via bank transfer using EUR, USD and GBP, using a payment card (Visa, Mastercard, American Express) or Skrill. We also accept payments via popular cryptocurrencies, such as BTC, ETH and USDT.
3Do you charge any conversion or maintenance fees?
When converting currencies for deposits and withdrawals, we always use the rate our bank or payment service providers apply, and they may apply a markup. Scandinavian Markets does not apply a markup to currency conversions. We do not charge interest or monthly maintenance fees. However, we charge an inactivity fee on accounts holding funds that haven’t been traded for over 12 months. The inactivity fee is 20 USD/EUR/GBP, depending on your account currency. Inactivity fees shall never allow an account to have a negative balance.
4What should I use as a bank transfer reference?
When making a bank transfer to fund your trading account, please write your trading account number as the reference. Adding the reference is especially important if you have multiple trading accounts.
5How do I submit a withdrawal request and how long does it take?
To request a withdrawal, log in to your Scandinavian Markets portal account, click the withdrawals tab, and submit the form. If you have sufficient margin in your trading account to hold your positions, withdrawals are processed within one business day.
6Can I transfer funds between my trading accounts?
Yes. Our client portal allows you to move funds between your different trading accounts.
7Where do you hold client funds?
Client funds are held in top-tier European banks, such as Santander.
8How are my funds protected?
We hold client deposits in segregated accounts with leading European banks, which means client funds are never commingled with the company assets. As such, client funds are only used to cover margin requirements for trading purposes and are never used in the company’s balance sheet.
9Are client funds segregated?
Yes. Client funds are segregated from our corporate funds. We perform daily reconciliations to adjust accounts to settle profits and losses from client trading activity.


1What accounts do you offer?
Many forex trading brokers offer different account types, typically branded using names like Raw, STP, ECN, etc. The main difference between the account is how fees are charged, either as a markup or commission. At Scandinavian Markets, we focus on providing the best trading conditions possible and only charge a commission.
2What information is required to open a trading account?
To open a trading account with Scandinavian Markets, you must truthfully answer several questions about your background, such as your employment situation and any political exposure. Following the questionnaire, you must provide one valid document to verify your identity and take a selfie for us to match your face to your ID and provide a separate document issued in the past 3 months to verify your address.
3How long does it take for my application to be reviewed?
We aim to process new customer applications within a matter of hours. However, it can take longer, depending on the time of the day. All applications are processed within 24 hours.
4Can I sign up for a corporate account?
Yes. When you start the registration process, one of the first questions you’ll be asked is whether you want to open an individual or corporate account.
5How can I close my account?
To close your account, please send an email to support@scandinavianmarkets.com. If your account is managed, you must also submit an LPOA revocation. Kindly note that we cannot erase your personal information for compliance reasons.


1What liquidity providers do you use? Where are your servers located?
Scandinavian Markets is a true STP forex broker. Therefore, we aggregate the best bid and ask prices from numerous prime brokers and ECNs to ensure the best possible execution. We work primarily with ISPrime in London and our platforms are hosted in London.
2What is the maximum order size?
The maximum order size on MT4 is 50 lots per trade. On cTrader, the maximum order size is 5 million units of base currency. The maximum order size varies by instrument. You can check minimum and maximum order sizes in the symbol specifications on the trading platforms.
3What instruments can i trade and where can I check their spreads?
You can trade Forex, Metals, Oil, Indices, Commodities and Cryptocurrencies. All of our spreads are raw. Please, open a free Demo account with us to check them all in real time.
4Are the spreads in the demo and live account the same?
In general, yes. We try to ensure that the trading conditions, such as quotes and swaps, are aligned between demo and live platforms. However, there can be some differences. Please consider that a demo account's main purpose is to test the platform's functionality. We suggest you open a live account and monitor the spreads and check swap rates from a live account.
5What is the maximum leverage?
The maximum leverage offered is 200:1. However, leverage varies by instrument.
6Can I change my leverage?
Yes. You must submit a leverage change request in your Scandinavian Markets client portal to increase or decrease your leverage. Click the "leverage change button" next to your account and enter the leverage you wish to use.
7Are all my trades STP?
Yes. Scandinavian Capital Markets never takes the other side of your trades. We send 100% of our order flow to external counterparties.
8Do you allow HFT trading?
Yes, we do. At Scandinavian Markets, we have the infrastructure and liquidity to support your high-frequency trading needs.
9Do you allow automated trading?
Yes. We allow our clients to trade however they wish and support any trading strategy, whether an EA, cTrader Bot or a black box trading via FIX API.
10Do you allow scalping?
Yes. We allow any trading strategies except those which violate our terms and conditions.
11Do you support FIX API?
Yes. We offer FIX API connection to your cTrader or MT4 account. For the smoothest FIX API experience, we recommend using the cTrader platform.
12Do you have slippages?
It's very rare and we try to make it's level as low as possible.
13Do you offer hedging or netting accounts?
We offer hedging or netting accounts on MT4 and cTrader platforms. You can choose your account type during the registration process.
14What are your trading hours?
On MetaTrader 4, we offer trading from 21:00 GMT on Sundays until 21:00 GMT on Fridays, with variations on some instruments, such as precious metals. On cTrader, we offer continuous trading as weekend cryptocurrency trading is supported from 05:00 GMT on Saturdays until 21:00 GMT on Fridays. Please check our trading platforms for up-to-date trading schedules and holidays.
15What is your margin call and stop-out levels?
A margin call occurs when your margin level is below 100%. You will be prevented from increasing your exposure when a margin call occurs. You should consider managing your positions to reduce margin utilisation or increase equity by depositing more funds. It’s important to react to margin calls to prevent stop-outs which happen when your margin level falls below 80%.
16Do you operate a dealing desk?
No. Scandinavian Markets does not operate a dealing desk. Our business model is strictly an agency model that uses a straight-through-processing execution model to route orders to our liquidity providers or ECNs for execution.


1What platforms do you offer?
We offer cTrader and MetaTrader 4 and 5 platforms.
2Where can I find the platform links?
Here: cTrader, MT4, MT5
3Can I trade on a MacBook?
Yes, you can. Please, choose the platform you need on our website and click the link.
4Why can’t I see any tradable currency pairs in MT4/5?
To see all the available symbols, you must right-click on the symbols menu and select 'Show all'.

Affiliate Program

1Do you have an affiliate program?
Yes. We offer an affiliate program. Please contact us for more details.
2What is your compensation plan?
Affiliates can receive up to 20% of revenue generated from their referrals.
3How can I track my affiliate commissions?
We provide an affiliate portal where you can track your revenues, which are credited daily and can be withdrawn regularly. The minimum affiliate withdrawal is $500.

Ready to start trading?

Open your Scandinavian Markets trading account for true STP forex trading.