📈 Popular:

Broker of the month

Top 27 Regulated Forex Brokers

Forex No Deposit Bonuses

Promotions

⚡ Easily Trade – Apple, Microsoft , Tesla and Google Stocks – Open a FREE Account Here

Best Brokers

1st Place

2nd Place

3rd Place

4th Place

5th Place

Scandinavian Capital Markets Fees and Spreads

Scandinavian Capital Markets Fees and Spreads

 

Overall Rating

4.5/5

Rated #59 of
Recommended FX Brokers

💰Minimum Deposit

USD 10 000

🌐 Regulators

Not Regulated

📱 Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto

Yes

📈 Total Pairs

45

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

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.

 

Other Fees

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.

 

Overall Rating

4.5/5

Rated #59 of
Recommended FX Brokers

💰Minimum Deposit

USD 10 000

🌐 Regulators

Not Regulated

📱 Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto

Yes

📈 Total Pairs

45

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Broker Fees

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

 

You might also like: Scandinavian Capital Markets Minimum Deposit

You might also like: Scandinavian Capital Markets Demo Account

You might also like: Scandinavian Capital Markets Sign up Bonus

You might also like: Scandinavian Capital Markets Account types

You might also like: Scandinavian Capital Markets Islamic Account

 

FAQ’s

 

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
  • cTrader
  • Currenex, and
  • API

 

Do Scandinavian Capital Markets offer leverage?

Yes.

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?

Yes.

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?

8/10

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

You might also like

eTrader Review

  Overall, eTrader is regulated by CySEC authorities and it has a high trust score of 70 out of 100 and is considered a low-risk

OvalX – Account Types

  OvalX does not offer different account types, and traders at all levels and depositing amounts of all sizes, are offered CFD trading accounts. OvalX

EuroTrader Reviewed

Overall, EuroTrader is regulated by two tier-1 regulators respectively. It has a high trust score of 70 out of 100 and is considered a low-risk

EuroFinance Review

  Overall, EuroFinance offers traders an Individual Live Standard Trading Account that can be used on all three of their trading platforms.EuroFinance does not charge

10 Best Forex Brokers in Botswana

  The Top 10 Best Forex Brokers in Botswana revealed. We have rated and reviewed the best Forex Brokers accepting Batswana Traders.   This is a