Scandinavian Capital Markets: Overview
Scandinavian Capital Markets (SCM) is a reputed online Forex/CFD broker that offers its services to traders across the globe. Owned and operated by a holding company located in Sweden, SCM is licensed and regulated by the Vanuatu Financial Services Commission. With low spreads, reliable execution and several other imminent facilities, it has successfully earned the trust of over 15,000 traders.
SCM has tailored its account types to suit the needs of every type of trader. Whether you are a complete beginner or have been trading for quite some time, you will find an account type that is perfect for you. Traders can choose from the Classic, Pro and Prime account types with no minimum deposits required. Each account type offers specific features such as market news & analysis, 24/5 customer support, leverage of up to 1:500, free VPS and more.
SCM’s first priority has always been to offer the most secure environment for trading and as part of that, the broker offers a wide range of secure, intuitive and powerful trading platforms. Traders can access a choice of two platforms – the most popular MetaTrader 4 and the WebTrader platform, which is ideal for those who prefer to trade in their web-browser rather than having to install any desktop software. Both platforms are available for both IOS and Android devices, as well as via desktop browser.
SCM offers traders access to some of the most popular financial instruments such as currencies, indices, stocks, cryptocurrency and commodities so they can create the perfect diversified portfolio. The broker also provides access to more than 100 Forex pairs, as well as options for the tightest spreads and fast execution times.
SCM provides traders with several payment options, so they can easily manage their accounts in the most convenient way. Deposits and withdrawals are possible through currencies such as Euro, Pound Sterling, US Dollars and many more. SCM also offers a wide range of payment methods, such as bank transfer, credit/debit cards, e-wallets and more.
SCM has superb customer support with dedicated teams available around the clock to help traders with their queries. With a response time of just a few minutes, customers can get in touch with SCM’s team via the telephone, email or live chat. SCM also offers several educational resources, trading tools and customer support in multiple languages, including English, French, Spanish and German.
Scandinavian Capital Markets is a highly respected and reliable broker for both beginner and experienced traders. It offers low spreads, a wide range of financial instruments, powerful trading platforms and a variety of payment options. With an experienced and professional customer support team available round the clock, traders can get assistance whenever they need it. Overall, SCM is a reliable and trustworthy broker that provides great services for traders.
Scandinavian Capital Markets: An Overview
Scandinavian Capital Markets is a broker with higher-than-average risk and a TU Overall Score of 3.4 out of 10. As a broker based in the EU, they claim to hold customer funds in top-tier EU banks and nop charges on withdrawals. They provide traders with access to a variety of trading opportunities and leverages through trading on the STP-ECN platform.
Scandinavian Capital Markets works with a variety of instruments and allows access to many global markets. They offer trading services such as stocks, indices, commodities, currencies, and more. The company also provides educational material and customer support in the form of their knowledge base and customer service team.
Scandinavian Capital Markets Fees and Limits
Scandinavian Capital Markets does not charge any fees for withdrawals or deposits. They also claim that all deposits and withdrawals are free of charge. However, the company does take a commission, which varies depending on the instrument traded and the market hours during which the trade is made. The company also has a minimum deposit of 250 EUR in order to start trading.
Scandinavian Capital Markets Platforms and Social Trading
Scandinavian Capital Markets offers access to the STP-ECN platform. Through this platform, users can trade a variety of instruments and markets, including Forex, stocks, indices, metals, and more. The platform also allows social trading, meaning that traders can copy the trading strategies of other traders. The platform supports both manual and algorithmic trading strategies and is suitable for both experienced and novice traders.
The company also offers access to mobile trading, allowing traders to access the markets from wherever they are. The mobile platform allows users to check their positions and open new orders or manage existing ones.
Scandinavian Capital Markets is a broker with higher-than-average risk and a TU Overall Score of 3.4 out of 10. They offer access to a variety of trading opportunities, provided users understand the risks involved. Their STP-ECN platform offers access to multiple Instruments and markets, and it also supports social trading. In terms of fees and limits, the company does not charge any fees on withdrawals and deposits, and has a minimum deposit of 250 EUR.