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Scandinavian Capital Markets Review 2026

Item: Scandinavian Capital Markets
Rating: 6.21
Author: Oleg Tkachenko

By: Oleg Tkachenko
Updated: July 05, 2026

Top Brokers Overview — United States

Visit the site anyway

Min. deposit $0
Fees 9 /10
Account types 4.6 /10
Regulation 9.2 /10

6.2 /10

Moderate risk

Scandinavian Capital Markets User Reviews 4.0
Commissions and Fees 9.0
Regulation and Safety 9.2
Account Types 4.6
Deposit and Withdrawal 6.8
Markets and Tradable Assets 5.0
Trading Account Opening 10.0
Trading platforms & tools 7.3
Mobile Apps 3.0
Customer Support 1.4

Scandinavian Capital Markets Pros & Cons

Trading through MetaTrader 4 and cTrader with the opportunity to connect the FIX API;
Automated trading and copy trading are available;
Availability of a demo account;
The broker offers partnership programs for passive income.

The broker does not provide cent accounts;
Limited choice of payment systems for depositing and withdrawing funds;
Trading stocks, futures, indices, and options are not available.

TU Expert Verdict

Scandinavian Capital Markets demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.

Top-5 Brokers Traders Prefer

zForex

8 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.2 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.9 /10

Regulation Tier-1

EUR/USD 0.7 pips

Scandinavian Capital Markets User Reviews

Score:

4 /10

6 total

5-star

0%
4-star

0%
3-star

33%
2-star

33%
1-star

33%

I rate Scandinavian Capital Markets “normal”. I have never had any serious problems with trading, everything works fine. I recommend this broker to everyone, try it, everything is fair here.

Scandinavian Capital Markets is the worst Forex broker in my opinion. I had an account opened here for a decent amount, but I could not make a profit. It seems to me that it is better to look for a better broker. Here the level of service is low.

Scandinavian Capital Markets scammers! The quotes are incorrect. Transactions are opened for a very long time, 10 minutes each. Yes, during this time the price can change more than once! In general, not trade, but a circus!

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Commissions and Fees

Score:

9 /10

The trading and non-trading commissions of Scandinavian Capital Markets have been analyzed and rated as having Low fees, with a fees score of 9/10. Additionally, these commissions were compared with those of the top two competitors, ZForex and OANDA, to provide the most comprehensive information.

Low Forex trading fees
Tight EUR/USD market spread
No deposit fee
No withdrawal fee

Inactivity fee applies

Trading Fees and Spread

Below, we evaluated and compared the trading commissions of Scandinavian Capital Markets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.

Standard Account Spread

For Standard accounts, Scandinavian Capital Markets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.

Scandinavian Capital Markets Standard spreads
	Scandinavian Capital Markets	ZForex	OANDA
EUR/USD min, pips	0.2	0.1	0.1
EUR/USD max, pips	0.6	0.4	0.5
GPB/USD min, pips	0.2	0.2	0.1
GPB/USD max, pips	0.8	0.6	0.5

RAW/ECN Account Commission And Spread

The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.

Scandinavian Capital Markets RAW/ECN spreads
	Scandinavian Capital Markets	ZForex	OANDA
Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).	2	7	3.5
EUR/USD avg spread	0.2	0.1	0.15
GBP/USD avg spread	0.2	0.15	0.2

Non-Trading Fees

We conducted a detailed analysis of the non-trading fees associated with Scandinavian Capital Markets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.

Scandinavian Capital Markets Non-Trading Fees
	Scandinavian Capital Markets	OANDA
Deposit fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks.	0	0
Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks.	0	0-15
Inactivity fee ($, per month)	25	0

Is Scandinavian Capital Markets Safe?

Score:

9.2 /10

Scandinavian Capital Markets has a safety score of 9.2/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.

Tier-1 regulated
Negative balance protection
Track record over 19 years

Strict requirements and extensive documentation to open an account

Scandinavian Capital Markets Regulators and Investor Protection
Abbreviation	Full Name	Country of regulation	Investor Protection Fund	Regulation Level
VFSC	Full Name Vanuatu Financial Services Commission	Country of regulation Vanuatu	Investor Protection Fund No specific fund	Regulation Level Tier-3
Abbreviation FI (Sweden)	Full Name Swedish Financial Supervisory Authority (Finansinspektionen)	Country of regulation Sweden	Investor Protection Fund Up to €20,000	Regulation Level Tier-1

Scandinavian Capital Markets Security Factors
Foundation date	2007
Negative balance protection	Yes
Verification (KYC)	Yes

Account Types

Score:

4.6 /10

Scandinavian Capital Markets offers the following account options: Demo, Standard, ECN/Raw spread, Micro, Swap Free.

However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.

Swap Free (Islamic) account
Forex account with Micro lots
Tight spread ECN account

No Cent account
No VIP account option

Scandinavian Capital Markets account types vs top competitors
	Scandinavian Capital Markets	ZForex	Plus500
Standard	Yes	Yes	Yes
ECN/Raw spread	Yes	Yes	No
Demo	Yes	Yes	Yes
Cent	No	No	No
Micro	Yes	No	No
Swap Free	Yes	Yes	Yes
VIP	No	No	No
Managed	No	No	No

Scandinavian Capital Markets accounts trading conditions

Scandinavian Capital Markets offers several account types, the conditions of which can be customized by a client. Also, at the registration stage, you can choose a standard account or a trust account. The maximum leverage is 1:200 for currency pairs and 1:33 for cryptocurrencies. The minimum for the first deposit is $250, for all subsequent deposits it is $50.

Account types:

Account Type	Description
Live	This is an account type that can be customized to suit a trader's needs. Basic settings are leverage of 1:200, availability of MT4 and cTrader, and no deposit fees. Traders can choose the account currency and spread, which will determine the trading fee;
Demo	It is a training account used for risk-free trading with virtual currency. It is good for novice traders who are trying out different trading strategies. It is configured according to the standard principles, but the conditions and quotes may differ because the main purpose of such accounts is to test trading platforms and apply theoretical knowledge in practice.

A demo account is not limited in validity, provided that traders use it at least once every 30 days. Scandinavian Capital Markets is an STP broker that offers flexible trading account settings, so it is suitable for both novice and professional traders.

Deposit and Withdrawal

Score:

6.8 /10

Scandinavian Capital Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.

Scandinavian Capital Markets provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.

Minimum deposit below industry average
Bank card deposits and withdrawals
USDT (Tether) supported
Bitcoin (BTC) accepted

Limited deposit and withdrawal flexibility, leading to higher costs
PayPal not supported
Wise not supported

What are Scandinavian Capital Markets deposit and withdrawal options?

Scandinavian Capital Markets provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT.

Scandinavian Capital Markets Deposit and Withdrawal Methods vs Competitors
	Scandinavian Capital Markets	ZForex	Plus500
Bank Wire	Yes	No	Yes
Bank card	Yes	Yes	Yes
PayPal	No	No	Yes
Wise	No	No	No
BTC	Yes	Yes	No

What are Scandinavian Capital Markets base account currencies?

A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Scandinavian Capital Markets supports the following base account currencies: USD, EUR, GBP.

What are Scandinavian Capital Markets's minimum deposit and withdrawal amounts?

The minimum deposit on Scandinavian Capital Markets is $0, while the minimum withdrawal amount is $500. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Scandinavian Capital Markets’s support team.

Markets and Tradable Assets

Score:

5 /10

Scandinavian Capital Markets offers a limited selection of trading assets compared to the market average. The platform supports 170 assets in total, including 55 Forex pairs.

55 supported currency pairs
Indices trading
Copy trading platform

Bonds not available
Futures not available

Supported markets vs top competitors

We have compared the range of assets and markets supported by Scandinavian Capital Markets with its competitors, making it easier for you to find the perfect fit.

	Scandinavian Capital Markets	ZForex	Plus500
Currency pairs	55	50	60
Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs.	170	80	2800
Stocks	No	Yes	Yes
Commodity futures	Yes	Yes	Yes
Crypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.	No	Yes	Yes
Stock indices	Yes	No	Yes
Options	No	No	Yes

Investment options

We also explored the trading assets and products Scandinavian Capital Markets offers for beginner traders and investors who prefer not to engage in active trading.

	Scandinavian Capital Markets	ZForex	Plus500
Bonds	No	No	No
ETFs	No	No	Yes
Copy trading	Yes	Yes	No
PAMM investing	Yes	No	No
Managed accounts	No	No	No

Trading Account Opening

Score:

10 /10

We successfully registered an account with Scandinavian Capital Markets in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Scandinavian Capital Markets is $0.

This is one of the most accessible and hassle-free onboarding procedures on the market.

Quick KYC verification (1 business day or less)
Fully online account opening process
Low minimum deposit requirement

Account setup process may feel less convenient for beginners

Scandinavian Capital Markets account opening
	Scandinavian Capital Markets	ZForex	Plus500
Online Registration	Yes	Yes	Yes
Minimum deposit	$0	$10	$100
Mandatory KYC	Yes	Yes	Yes
Registration time (min)	7	8	5
KYC time (days)	1	1	3

Is Scandinavian Capital Markets available in my country?

If you are a citizen of United States, the broker accepts clients from your country.

Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.

Account opening details

To start trading in the financial markets through Scandinavian Capital Markets, register a user account and open a trading account. The steps are as follows:

Go to the official Scandinavian Capital Markets website and click the “Open an account” button.
Complete the application for opening an account with your first and last names, date of birth, phone number, country, and email address. On the next page, select the user account type (personal or corporate) and the account type (trading or managed). Next, complete the questionnaire with your address, jurisdiction, identification number, and profession. Further, provide information on your income, choose a currency for the account, make a deposit, select your preferred leverage trading volume per trade, and the trading platform. Also, provide information on your marital status, as well as social, legal, and political status. Agree to the rules and privacy policy by clicking the “Complete and verify account” button.

Your user account is available upon verification. It is required to send copies of documents confirming your identity and registration address to the email that will appear in the message on the website. The verification procedure lasts from several hours to one day. Upon successful verification, clients will receive a letter with a notification and data for entering their user accounts.

Trading platforms & tools

Score:

7.3 /10

Scandinavian Capital Markets received a score of 7.3/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.

One-click trading
MetaTrader is available
Trading bots (EAs) allowed
cTrader with advanced tools and Level II pricing

Strategy (EA) Builder is not available
No access to API
No TradingView integration

Supported trading platforms

Scandinavian Capital Markets supports the following trading platforms: MT4, MT5, cTrader. This selection covers the basic needs of most retail traders. We also compared Scandinavian Capital Markets’s platform availability with that of top competitors to assess its relative market position.

	Scandinavian Capital Markets	ZForex	Plus500
MT4	Yes	No	No
MT5	Yes	Yes	No
cTrader	Yes	No	No
TradingView	No	No	Yes
Proprietary platform	No	No	Yes
NinjaTrader	No	No	No
WebTrader	No	No	Yes

Key Scandinavian Capital Markets’s trading platform features

We also evaluated whether Scandinavian Capital Markets offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.

Supported features
2FA	Yes
Alerts	No
Trading bots (EAs)	Yes
One-click trading	Yes
Scalping	No
Supported indicators	104
Tradable assets	170

Additional trading tools

Scandinavian Capital Markets offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.

Scandinavian Capital Markets trading tools vs competitors
	Scandinavian Capital Markets	ZForex	Plus500
Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making.	No	No	No
API	No	No	No
Free VPS	Yes	Yes	No
Strategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills.	No	No	No
Autochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels.	No	No	No

Mobile Apps

Score:

3 /10

Scandinavian Capital Markets supports mobile trading, offering dedicated apps for both iOS and Android. Scandinavian Capital Markets received 3/10 in this section, which suggests limited user interest or weak performance of the apps.

Mobile alerts supported
Indicators supported

Weak user feedback on iOS
Mobile 2FA not supported

We compared Scandinavian Capital Markets with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.

	Scandinavian Capital Markets	Plus500	OANDA
Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms.	50,000	10,000,000	1,000,000
App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience.	0	4.7	4.8
Google Play score	0	4.4	3.4
Mob. 2FA	No	Yes	Yes
Mob. Indicators	Yes	Yes	Yes
Mob. Alerts	Yes	Yes	Yes

Customer Support

Score:

1.4 /10

Scandinavian Capital Markets demonstrates a low level of customer support reliability. Contacting support can be difficult, and responses may be significantly delayed or incomplete.

During testing, managers were slow to respond or failed to provide sufficient assistance. Such a support level may create risks for traders who require timely issue resolution.

Information

Support service is available 24/5.

Non-clients of the broker can contact technical support
Availability of live chat for quick communication

Support is not available on weekends
Call back is not available

To contact the broker, use the following methods:

phone;
live chat;
email;
feedback form.

The fastest ways to contact support are via live chat and by phone.

Contacts
Foundation date	2007
Registration address	Scandinavian Capital Markets SCM AB, Torshamnsgatan 27 Kista 164 40 Sweden
Regulation	FSA Sweden Licence number: 556863-5972.
Official site	https://scandinavianmarkets.com/
Contacts	support@scandinavianmarkets.com +46 8 446 85920

Best Scandinavian Capital Markets Alternatives

zForex

8 /10

Regulation Not regulated

EUR/USD 0.1 pips

Plus500

7.6 /10

Regulation Tier-1

EUR/USD 0.5 pips

OANDA

6.9 /10

Regulation Tier-1

EUR/USD 0.1 pips

Trading.com USA

6.2 /10

Regulation Tier-1

EUR/USD 0.9 pips

FOREX.com

6.9 /10

Regulation Tier-1

EUR/USD 0.7 pips

FAQs

How is client safety and regulatory oversight structured at Scandinavian Capital Markets?

Scandinavian Capital Markets has a safety score of 9.2/10, categorized as a high security level in the review. It is regulated by the Swedish Financial Supervisory Authority (FI), a Tier-1 regulator that provides an investor protection fund up to €20,000, and by the Vanuatu Financial Services Commission (VFSC), a Tier-3 regulator without a specific investor compensation fund. The broker was founded in 2007, applies KYC verification, and offers negative balance protection, while any additional safeguards beyond these are not specified in the section.

What fees, spreads, and commissions are mentioned in reviews of Scandinavian Capital Markets’ pricing?

The review notes that Scandinavian Capital Markets has low overall fees, with a fees score of 9/10, tight EUR/USD spreads on Standard accounts (typically 0.2–0.6 pips), and ECN/RAW accounts charging a $2 commission per lot with average 0.2-pip spreads on EUR/USD and GBP/USD. Non-trading fees include no deposit or withdrawal fees but a $25 monthly inactivity fee, while other potential charges are not detailed in this section.

What account types and trading conditions are available, according to feedback on Scandinavian Capital Markets?

The broker offers Demo, Standard, ECN/Raw spread, Micro, and Swap Free (Islamic) accounts, but does not provide Cent, VIP, or managed accounts. Conditions include maximum leverage of 1:200 for currency pairs and 1:33 for cryptocurrencies, a minimum first deposit of $250 (and $50 for subsequent deposits), and customizable Live accounts where clients can choose account currency and spread structure. The section also states that demo accounts remain valid as long as they are used at least once every 30 days, while any additional user feedback on these conditions is not specified in the review.

What do reviews say about Scandinavian Capital Markets’ deposit and withdrawal conditions?

The review describes Scandinavian Capital Markets’ funding processes as offering a reasonable range of methods, including bank cards, bank wire, Skrill, Neteller, BTC, and USDT, with no deposit or withdrawal fees. Supported base account currencies are USD, EUR, and GBP, the minimum deposit is $0, and the minimum withdrawal is $500, though the section notes that these thresholds may vary by account type and payment method. Any additional user reviews or comments on processing speed or reliability are not provided in this section.

What trading platforms and tools does Scandinavian Capital Markets provide, based on available feedback?

Scandinavian Capital Markets supports MT4, MT5, and cTrader, and offers features such as one-click trading, trading bots (EAs), 2FA, 104 indicators, and access to 170 tradable assets, but does not provide TradingView, a proprietary platform, or WebTrader. Additional tools include free VPS hosting, while services like Trading Central, Autochartist, APIs, and an EA builder are not available. The review characterizes the overall platform and tools offering as average, and any further detailed user feedback or comments on platform performance are not specified.