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Scandinavian Capital Markets Review
Scandinavian Capital Markets is a Swedish STP forex broker regulated by Finansinspektionen, though its reported offshore Vanuatu license is hard to confirm on the public register.
Min Deposit
$250
Spreads From
0.0 pips on EURUSD, plus about $2 commission per $100,000 traded
Max Leverage
1:200
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Registered in Sweden with Finansinspektionen under FI number 80438
- Offers MetaTrader 4, MetaTrader 5, and cTrader, not just one closed app
- Raw spreads from 0.0 pips on EURUSD, with a clear cost per 100,000 traded
- Only a 250 dollar minimum deposit needed to open a live STP account
Cons
- Sweden's FI is a real regulator, but reviewers rarely rank it as top tier
- Reported Vanuatu VFSC license could not be confirmed on VFSC's own register
- Leverage up to 1:200 is far above the 1:30 cap set for FCA or CySEC clients
- Blocks applicants from the United States and dozens of other countries
Scandinavian Capital Markets SCM AB started in 2011 in Kista, near Stockholm, founded by Arif Alexander Ahmad. It is registered with Sweden's Finansinspektionen under FI number 80438. The firm markets itself as an institutional style STP and ECN broker rather than a typical retail app.
Traders can use MetaTrader 4, MetaTrader 5, or cTrader, all linked to the same execution. Spreads on EURUSD start near 0.0 pips, plus a fee of about 2 dollars per 100,000 dollars traded. Leverage can reach 1:200, and a live account opens with a 250 dollar first deposit.
Finansinspektionen oversight is real, though Sweden sits outside the small group of regulators most reviewers rank as top tier, such as the FCA or ASIC. The firm also mentions a Vanuatu VFSC license for clients outside Europe, but a check of the public VFSC register could not confirm that listing. Scandinavian Capital Markets blocks applicants from the United States, Russia, Iran, and dozens of other listed countries.
Min. Deposit
USD 250
Max Leverage
1:200
Spreads From
0.0 pips on EURUSD, plus about $2 commission per $100,000 traded
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
