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Where Is Scandinavian Capital Markets Legal? Banned & Supported Countries

Peter Emmanuel Chijioke
Written by:
Peter Emmanuel Chijioke
Dan Blystone
Reviewed by:
Dan Blystone
Chinmay Soni
Fact-checked by:
Chinmay Soni
Updated:
July 05, 2026
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Scandinavian Capital Markets isn't available in US
Scandinavian Capital Markets REVIEW

For residents of this country (United States), Scandinavian Capital Markets is not available and does not accept clients. Below are the top three highest-rated brokers available there in 2026 — the best alternatives to consider.

zForex
Logo
7.95 /10
TU Overall Score is an overall broker rating based on key factors such as safety, fees, trading conditions, platforms, and customer experience. Scores range from 0.01 to 9.99 — higher values indicate a more reliable and competitive broker. TU Methodology
zForex
Regulation Not regulated
EUR/USD 0.1 pips
Plus500
Logo
7.57 /10
TU Overall Score is an overall broker rating based on key factors such as safety, fees, trading conditions, platforms, and customer experience. Scores range from 0.01 to 9.99 — higher values indicate a more reliable and competitive broker. TU Methodology
Plus500
Regulation Tier-1
EUR/USD pips
OANDA
Logo
6.89 /10
TU Overall Score is an overall broker rating based on key factors such as safety, fees, trading conditions, platforms, and customer experience. Scores range from 0.01 to 9.99 — higher values indicate a more reliable and competitive broker. TU Methodology
OANDA
Regulation Tier-1
EUR/USD 0.15 pips

Scandinavian Capital Markets Available Countries List

Note! We regularly update the information about Scandinavian Capital Markets regional restrictions. However, the broker’s access policy may change from time to time. For the most up-to-date details, please contact Scandinavian Capital Markets customer support directly.

According to publicly accessible information and the broker’s regional guidelines, the following countries are where Scandinavian Capital Markets currently provides its services: flag India flag Ukraine flag Brazil flag South Africa flag Algeria flag Argentina flag Armenia flag Austria flag Azerbaijan flag Bangladesh flag Belgium flag Bulgaria flag Chile flag China flag Colombia flag Cyprus flag Czechia flag Denmark flag Egypt flag Estonia flag Finland flag Georgia flag Ghana flag Greece flag Hungary flag Ireland flag Israel flag Japan flag Kazakhstan flag Kenya flag Korea flag Kyrgyzstan flag Latvia flag Lithuania flag Mexico flag Morocco flag Norway flag Peru flag Philippines flag Saudi Arabia flag Slovakia flag Sri Lanka flag Sweden flag Tajikistan flag Thailand flag Turkey flag UAE flag Uganda flag Uzbekistan flag Vietnam

Note!

Although Scandinavian Capital Markets holds a Tier-3 license, this level of regulation involves limited investor protection. Consequently, some countries may restrict the broker’s operations. The information above is compiled from publicly available information provided by the broker.

Scandinavian Capital Markets Restricted Countries List

Note! We regularly update the information about Scandinavian Capital Markets regional restrictions. However, the broker’s access policy may change from time to time. For the most up-to-date details, please contact Scandinavian Capital Markets customer support directly.

According to publicly accessible information and the broker’s regional guidelines, the following countries are where Scandinavian Capital Markets currently does not provide its services: flag United States flag United Kingdom flag Canada flag Indonesia flag Poland flag Germany flag Spain flag France flag Nigeria flag Malaysia flag Italy flag Pakistan flag Afghanistan flag Albania flag Angola flag Australia flag Bahamas flag Bahrain flag Belarus flag Bolivia flag Botswana flag Brunei flag Cambodia flag Cameroon flag Congo flag Costa Rica flag Cote d'Ivoire flag Croatia flag Cuba flag DR Congo flag Dominican Republic flag Ecuador flag El Salvador flag Eswatini flag Ethiopia flag Haiti flag Hong Kong flag Iran, Islamic republic flag Iraq flag Jamaica flag Jordan flag Kuwait flag Laos flag Lebanon flag Lesotho flag Libya flag Luxembourg flag Madagascar flag Malta flag Mauritius flag Moldova flag Mongolia flag Montenegro flag Mozambique flag Myanmar flag Namibia flag Nepal flag Netherlands flag New Zealand flag North Macedonia flag Oman flag Palestine flag Panama flag Papua New Guinea flag Paraguay flag Portugal flag Puerto Rico flag Qatar flag Reunion flag Romania flag Rwanda flag Serbia flag Singapore flag Slovenia flag Somalia flag Switzerland flag Syria flag Taiwan flag Tanzania flag Trinidad and Tobago flag Tunisia flag Uruguay flag Venezuela flag Yemen flag Zambia flag Zimbabwe

In addition, Scandinavian Capital Markets — like most international brokers — does not offer services in countries or territories subject to international sanctions or included on the FATF high-risk list.

Find a Broker Legally Operating in Your Country

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In Which Countries is Scandinavian Capital Markets Regulated? Is Scandinavian Capital Markets Safe?

Scandinavian Capital Markets is a Tier-3 regulated broker, authorized by regulators in offshore or less strict jurisdictions. Such licenses allow operational flexibility but offer limited investor protection compared to Tier-1 or Tier-2 authorities.

The table below presents details about Scandinavian Capital Markets regulatory framework and the countries of registration.

Scandinavian Capital Markets countries of regulation
FI (Sweden) FI (Sweden) Finansinspektionen (FI) is Sweden’s financial supervisory authority, responsible for regulating banking, insurance, and capital markets. It ensures compliance with Swedish and EU regulations, maintaining financial stability and investor protection.
Full Name Swedish Financial Supervisory Authority (Finansinspektionen) Country Sweden Protection Fund Up to €20,000 Regulation level Tier-1
VFSC VFSC The VFSC regulates banking, insurance, and securities, but with more lenient requirements, making it popular among forex startups. It's known for rapid registration processes and minimal operational requirements.
Full Name Vanuatu Financial Services Commission Country Vanuatu Protection Fund No specific fund Regulation level Tier-3

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Expert Advice

Anton Kharitonov
Anton Kharitonov
Chief Analytics Officer

  • Regulatory oversight does not only protect traders — it also ensures market integrity. Brokers operating under strict supervision must adhere to reporting standards, maintain transparent pricing, and submit to periodic audits. This reduces the likelihood of manipulation and enhances confidence in the trading environment. Always prefer a broker that publishes regulatory information openly and allows you to verify its license number on the official regulator’s website.

Editors' Top Picks and Insights

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Team that worked on the article

Peter Emmanuel Chijioke
Peter Emmanuel Chijioke
Contributor

Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.

Learn about our editorial policies
Dan Blystone
Dan Blystone
Senior English Editor

Dan Blystone began his trading career in 1998 as an arbitrage clerk on the floor of the Chicago Mercantile Exchange (CME). He later traded bond and Eurex futures at proprietary firms such as Altea Trading, gaining valuable experience in high-frequency trading and risk management.

Chinmay Soni
Chinmay Soni
Head of Fact-Checking Department

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data.

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