Company
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.
No, While we accept inbound registrations from many countries, there are some restrictions according to our risk, regulatory and compliance programs. You can see our list of restricted jurisdictions here.
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 or if the amount requested is lower than $25.
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.
Scandinavian Asset Management was a platform offering passive currency trading strategies to Scandinavian Capital Markets customers. We no longer provide an asset management service.
Funds
The minimum deposit is 25 USD / EUR / GBP.
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 stablecoin cryptocurrencies, such as USDT.
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.
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.
To request a withdrawal, log in to your Scandinavian Markets dashboard, 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 two business day.
Yes. Our client dashboard allows you to move funds between your different trading accounts.
Yes. Our client dashboard allows you to move funds between your different trading accounts.
Client funds are held in top-tier European banks, such as Santander.
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.
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.
Accounts
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.
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.
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.
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.
Yes. 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.
Trading
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.
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.
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.
It depends. We do 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 as the swaps are not updated daily on demo. 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.
The maximum leverage offered is 500:1. However, leverage varies by instrument.
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.
Yes. Scandinavian Capital Markets never takes the other side of your trades. We send 100% of our order flow to external counterparties.
Yes, we do. At Scandinavian Markets, we have the infrastructure and liquidity to support your high-frequency trading needs.
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.
Yes. We allow any trading strategies except those which violate our terms and conditions.
Yes. We offer FIX API connection to your cTrader or MT4 account. For the smoothest FIX API experience, we recommend using the cTrader platform.
It’s very rare and we try to make it’s level as low as possible.
We offer hedging or netting accounts on MT4 and cTrader platforms. You can choose your account type during the registration process.
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.
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%.
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.
Platforms
Affiliate Program
Yes. We offer an affiliate program. Please contact us for more details.
Affiliates can receive up to 20% of revenue generated from their referrals.
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.