USD 10 000
Scandinavian Capital Markets fees spread and commissions start from US Dollar 10 per lot round turn and spread from 0.0 pips.
Scandinavian Capital Markets does not charge either deposit fees or withdrawal fees. There is no indication of whether Scandinavian Capital Markets waives any additional broker fees such as inactivity fees.
Scandinavian Capital Markets has a low and competitive spread when compared to what other brokers offer by offering a spread list starting from 0.0 pips along with commissions charged from US Dollar 10 per lot round turn when using the Premium Account on MetaTrader 4.
Scandinavian Capital Markets trading fees are according to the type of account that the trader chooses and the options along with the spread list, leverage, minimum deposit required, and commissions are as follows:
- Standard Account – minimum deposit of US Dollar 10,000, leverage of 1:100, zero commissions per lot and spreads that start from 1.7 pips.
- Premium Account – minimum deposit of US Dollar 25,000, leverage of 1:100, spreads from 0.0 pips, US Dollar 10 commissions per lot round turn when using Metatrader 4, and US Dollar 50 per million when using cTrader.
- Custom Account – minimum deposit of US Dollar 250,000, leverage of 1:100 along with custom spreads and custom commissions.
The minimum deposit that Scandinavian Capital Markets requires to open an account is US Dollar 10,000 which is substantially higher than what other brokers offer with similar trading conditions.
Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.
Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.
Scandinavian Capital Markets offers the option of an Islamic account to traders who are of Muslim faith and who operate under Sharia Law.
Scandinavian Capital Markets does not offer traders spread betting and therefore spread betting fees do not apply to this broker.
USD 10 000
Scandinavian Capital Markets does not charge either deposit fees or withdrawal fees.
There is no indication of whether Scandinavian Capital Markets waives any additional broker fees such as inactivity fees or fees about account maintenance and management. Traders will have to verify any additional fees with Scandinavian Capital Markets before opening an account.
Pros and Cons
|✔️ PROS||❌ CONS|
|Tight and competitive spreads||High minimum deposit|
|Deposit fees and withdrawal fees are not charged|
|Fixed commissions on trades|
|Average commissions when compared to other brokers|
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How many instruments can I trade with Scandinavian Capital Markets?
You can only trade Forex.
Which platforms are supported by Scandinavian Capital Markets?
Scandinavian Capital Markets provides the following popular trading platforms:
- MetaTrader 4
- Currenex, and
Do Scandinavian Capital Markets offer leverage?
Traders have access to leverage of up to 1:100 despite the account used when trading Forex.
What spreads can I expect with Scandinavian Capital Markets?
Spreads from as little as 0.0 pips.
Do Scandinavian Capital Markets charge commission?
Commissions are charged at US Dollar 10 per lot round turn when using the Premier Account with MetaTrader 4, and US Dollar 50 per lot round turn per million traded when using the Premium Account with cTrader. With the Custom account, commissions are customized.
Are Scandinavian Capital Markets regulated?
Yes, Scandinavian Capital Markets is regulated by the highly reputed Swedish FSA.
Is Scandinavian Capital Markets a recommended forex trading broker for experts and beginners?
No, Scandinavian Capital Markets is only recommended for expert and professional traders.
What is the overall rating out of 10 for Scandinavian Capital Markets?