Scandinavian Capital Markets review

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this review we compared Scandinavian Capital Markets with competition based on ⏩ fees, spreads, offer of trading assets and experience of traders.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from Scandinavian Capital Markets review

About the broker

Web:http://scandinavianmarkets.com/
Readers' rating0 Votes
0
License:FSA
Supported languages:English
Year of foundation:2011
Methods of contacting customer support:E-mail
Contact:[email protected] +46 8 446 85920
Deposit methods:Bank transfer
Withdrawal methods:Bank transfer

About trading with Scandinavian Capital Markets

Minimum deposit:10 USD
Min. trade:0.01
Maximum leverage:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions.

1:100
Spreads:Look at the spread table - minimal spread on the currency pair EUR/USD is 1.7 pips * on a standard account type
Underlying assets:
Might be a CFD.
Forex
Account currencies: USD, EUR, GBP, SEK
Mobile app: Yes
MetaTrader 4:Yes
Other trading platforms:cTrader, Currenex
Social trading:No

Spreads & fees

Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at Scandinavian Capital Markets, of course you can find current info on their website http://scandinavianmarkets.com/.

Minimal spreads at Scandinavian Capital Markets on standard account*

EUR/USDGBP/USDUSD/JPYEUR/GBPUSD/CHFEUR/JPY
1.7

* Spread was taken 29.07.2020 at 17:37 from the web or trading platform of Scandinavian Capital Markets.

Random reviews of competing CFD brokers: OspreyFX, Monfex, Extrasum and Oinvest

The broker has not yet been rated by the visitors of the website. Write a review.

Frequently Asked Questions

🧐 Is Scandinavian Capital Markets a scam?

We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if Scandinavian Capital Markets is a scam or not.

🆓 How to open a free demo account?

Opening a demo account with Scandinavian Capital Markets is very simple, just register on their website.

📱 Does Scandinavian Capital Markets offer the best mobile app for trading?

Scandinavian Capital Markets offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.

We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the Scandinavian Capital Markets mobile app.

⚖️ Would you recommend me Scandinavian Capital Markets?

Scandinavian Capital Markets is one of tens (possibly hundreds) of brokers operating in the European Union, Australia, New Zealand, Great Britain and United States of America, and that's why it makes no sense to choose Scandinavian Capital Markets as a broker where you trade before you compare it with competitors.

Is this an ad?

We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.

BrokerEnglishMin. depositSpread EUR/USD*PlatformsLicense
Readers' rating89 Votes
83
100 EUR 0,8pips
Spread was taken 10.03.2021 at 10:18 from the web or trading platform of Admirals.
MT4, MT5, MT Supreme EditionFCAASIC CySecadmirals.comreviewEUR/USD*: 0,8pips
Spread was taken 10.03.2021 at 10:18 from the web or trading platform of Admirals.
Readers' rating49 Votes
73
200 USD 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
In-house built platform FCAASICCySecetoro.comreview EUR/USD*: 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
Readers' rating111 Votes
75
100 USD 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
In-house built platformFCAASICCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.

* The spread is variable for most brokers and changes depending on market volatility.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by IQ Option - 84% of retail CFD accounts lose money - advertising partner.

Selecting an unsuitable broker can put even a great trader at a loss.

That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.

If you have any experience with Scandinavian Capital Markets, please share it in the comments to help others to choose the suitable broker.

Scandinavian Capital Markets review & user ratings

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