Scandinavian Capital Markets Review
Scandinavian Capital Markets is a well-established broker since 2011. Scandinavian Capital Markets has headquarters in Sweden and Vanuatu. Scandinavian Capital Markets to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by Finansinspektionen (Sweden) 556863-5972 and VFSC 700472.
Apart from the forex demo account, this broker offers Standard and Premium. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Scandinavian Capital Markets is up to 1: 100. Meanwhile, you can open an account with a starting capital of $10000.
Fixed and Variable
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Scandinavian Capital Markets also provides payment with paysafecard, USD Coin (USDC), Tether (USDT), Credit/debit cards and AliPay
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, Scandinavian Capital Markets offers you MetaTrader 4 and cTrader.
Do you have any question or find any trouble related to Scandinavian Capital Markets? If you do, you should reach Scandinavian Capital Markets's support to get the information that you need. Here is the detail of the broker's customer support:
FAQ About Scandinavian Capital Markets
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Scandinavian Capital Markets is a good broker for you or not by reviewing the criteria. In general, Scandinavian Capital Markets provides trading service in Forex , Gold & silver and Crypto . As for the payment methods, you can choose between Skrill, Wire transfer, Credit/debit cards, AliPay, paysafecard, Tether (USDT) and USD Coin (USDC). The customer support is available via Email, Web form and Phone.
The starting capital in Scandinavian Capital Markets is $10000.
Scandinavian Capital Markets is regulated by Finansinspektionen (Sweden) 556863-5972 and VFSC 700472. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Scandinavian Capital Markets is a brokerage company offering trading services for clients since 2011 with offices in Sweden and Vanuatu.