Overview of Scandinavian Capital
Scandinavian Capital is a brokerage firm based in Sweden, operating for 2-5 years. While the company operates in an unregulated environment, it offers trading opportunities in Forex, Indices, and Commodities across three account types: Free, Professional, and Institutional. With no minimum deposit requirement, clients can access the financial markets through popular trading platforms like MetaTrader 4, MetaTrader 5, and cTrader, with the option to practice trading with a demo account.
The company provides comprehensive customer support through phone, email, and ticketing systems, ensuring clients receive timely assistance. Additionally, Scandinavian Capital offers a wide range of deposit and withdrawal options, making it convenient for clients to manage their funds. The brokerage also provides educational resources, including news updates, articles, and educational materials, to help clients stay informed and enhance their trading knowledge and skills.
Regulatory Status
Scandinavian Capital operates as an unregulated trading platform. Without oversight from regulatory authorities, unregulated exchanges may be susceptible to market manipulation and insider trading practices. This can distort market prices and create unfair advantages for certain traders, undermining the integrity and transparency of the exchange.
Pros and Cons
Pros:
A Range of Market Instruments: Scandinavian Capital offers a wide range of trading options, allowing clients to access various asset classes such as Forex, Indices, and Commodities, providing diversification opportunities of different trading strategies.
Multiple Account Types: The availability of different account types, including Free, Professional, and Institutional, allows clients to choose the one that best suits their trading preferences and investment goals, providing flexibility and customization options.
No Minimum Deposit Requirement: Scandinavian Capital's zero minimum deposit requirement makes it accessible to traders of all levels, including beginners and those with limited capital, enabling them to start trading without significant financial barriers.
Availability of Popular Trading Platforms: With access to popular trading platforms like MetaTrader 4 and MetaTrader 5, clients can benefit from advanced trading tools, charting capabilities, and automated trading features, enhancing their trading experience and efficiency.
Comprehensive Customer Support: Scandinavian Capital offers multiple channels for customer support, including phone, email, and a ticketing system, ensuring that clients can receive timely assistance and resolution for their inquiries and concerns.
Cons:
Unregulated Status: The lack of regulation means that Scandinavian Capital operates without oversight from regulatory authorities, potentially exposing investors to risks such as lack of investor protection and regulatory oversight.
Limited Transparency: The absence of regulatory oversight may result in limited transparency regarding the broker's operations, including its internal policies, financial practices, and compliance with industry standards.
Potential for Market Manipulation: Without regulatory oversight, there is a higher risk of market manipulation and unfair trading practices, which could adversely affect investors and undermine the integrity of the trading environment.
Legal Uncertainty: Operating in an unregulated environment can create legal ambiguity for both the broker and its clients, leading to challenges in resolving disputes, enforcing contracts, and ensuring compliance with applicable laws and regulations.
Limited Educational Resources: Compared to regulated brokers, Scandinavian Capital may offer fewer educational resources and materials to help clients improve their trading skills and knowledge, potentially impacting the overall trading experience and success of its clients.
Market Instruments
Scandinavian Capital provides clients with access to a wide range of market instruments, including forex, indices, and commodities, offering trading opportunities across different asset classes.
Forex: Scandinavian Capital offers a range of forex trading opportunities, allowing clients to trade currency pairs from major, minor, and exotic currencies. Forex trading provides investors with the opportunity to speculate on the price movements of currency pairs, leveraging fluctuations in exchange rates to potentially generate profits. With access to the forex market, clients can engage in currency trading with high liquidity, 24-hour market availability, and low transaction costs.
Indices: Scandinavian Capital provides access to a variety of global stock market indices, allowing clients to trade contracts based on the performance of major stock indices such as the S&P 500, NASDAQ, FTSE 100, and more. Index trading enables investors to speculate on the overall performance of a basket of stocks representing a particular market or sector, providing exposure to broad market movements without the need to invest in individual stocks.
Commodities: Scandinavian Capital offers trading opportunities in commodities such as precious metals (gold, silver), energy commodities (crude oil, natural gas), and agricultural commodities (corn, wheat). Commodity trading allows investors to participate in the price movements of physical goods traded on global commodity exchanges. By trading commodities, investors can diversify their portfolios, hedge against inflation, and take advantage of supply and demand dynamics in commodity markets.
Account Types
Scandinavian Capital offers three account types: Free, Professional, and Institutional.
Free Account: This account type is free and includes raw spreads and a 30-lot monthly threshold.
Professional Account: Priced at $4 per lot round turn, this account includes all features of the Free account, plus unlimited trading volume, premium support, and access to FIX API.
Institutional Account: Tailored pricing is available for this account type, and interested parties can contact sales for more information. It includes all features of the Professional account, as well as dedicated support, custom liquidity feeds, and liquidity reporting.
How to Open an Account？
Opening an account with Scandinavian Capital is a straightforward process that can be completed online in a matter of minutes. Here's a breakdown of the steps involved:
Visit the Scandinavian Capital website and click “Open Account.”
Fill out the online application form: The form will request your personal information Be sure to have your identification documents (passport or ID card) and proof of address handy for uploading.
Fund your account: Scandinavian Capital offers various deposit methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to complete the deposit.
Verify your account: Once your account is funded, you'll need to verify your identity and address. This typically involves submitting scanned copies of your ID documents and proof of address.
Start trading: Once your account is verified, you're ready to explore the Scandinavian Capital trading platform and start making trades.
Trading Platform
Scandinavian Capital provides traders with access to industry-leading trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader.
MetaTrader 4 (MT4): MetaTrader 4 is a widely used trading platform known for its user-friendly interface, advanced charting tools, and customizable features. With MT4, traders can execute trades across various financial markets, access real-time market data, and use automated trading strategies through Expert Advisors (EAs).
MetaTrader 5 (MT5): MetaTrader 5 is the successor to MT4 and offers enhanced features and capabilities for traders. In addition to all the features of MT4, MT5 provides access to more markets, improved technical analysis tools, and an economic calendar. Traders can also use MT5 for multi-asset trading, including stocks, futures, and cryptocurrencies.
cTrader: cTrader is a powerful trading platform known for its intuitive interface, lightning-fast execution speeds, and advanced order management capabilities. cTrader offers a range of charting tools, customizable layouts, and integrated trading signals. It is particularly popular among active traders and institutional clients for its advanced trading features and comprehensive market analysis tools.
Deposit & Withdrawal
Scandinavian Capital offers a wide range of deposit and withdrawal methods to accommodate the needs of its clients.
Skrill: Skrill is a popular digital wallet that allows users to securely send and receive payments online. Clients can fund their trading accounts at Scandinavian Capital using Skrill, providing a convenient and efficient payment solution.
VISA: VISA is one of the world's leading payment networks, enabling clients to deposit funds into their trading accounts using VISA debit or credit cards. VISA deposits offer a secure and widely accepted payment option for clients at Scandinavian Capital.
Diners Club International: Diners Club International is a global payment network that provides clients with another option to deposit funds into their trading accounts. Diners Club International cardholders can easily transfer funds to Scandinavian Capital for trading purposes.
JCB: JCB is a major credit card issuer based in Japan, offering clients an additional payment method to deposit funds into their trading accounts. With JCB, clients can make secure and convenient deposits to fund their trading activities.
Tether (USDT) and USDC: Tether (USDT) and USD Coin (USDC) are stablecoins pegged to the value of the US dollar. Clients can use these stablecoins to deposit funds into their trading accounts, providing a stable and reliable payment option.
SEPA: SEPA (Single Euro Payments Area) transfers enable clients to make euro-denominated payments within the European Union. Scandinavian Capital accepts SEPA transfers for deposits and withdrawals, offering clients a convenient way to transact in euros.
Bank Transfer: Bank transfer is a traditional payment method that allows clients to transfer funds directly from their bank accounts to their trading accounts at Scandinavian Capital. Bank transfers offer a secure and reliable way to deposit and withdraw funds.
Ali Pay: Ali Pay is a widely used mobile payment platform in China, allowing clients to deposit funds into their trading accounts using their Ali Pay accounts. Ali Pay deposits offer a convenient and accessible payment solution for clients.
Santander Bank: Santander Bank is a global banking institution that provides clients with another option to transfer funds to their trading accounts. Clients can use Santander Bank to make secure deposits and withdrawals at Scandinavian Capital.
Rapid Transfer: Rapid Transfer is an instant bank transfer service offered by Skrill, enabling clients to deposit funds into their trading accounts quickly and securely. Rapid Transfer deposits provide clients with a fast and convenient payment option.
Paysafecard: Paysafecard is a prepaid payment method that allows clients to purchase vouchers and use them to fund their trading accounts at Scandinavian Capital. Paysafecard deposits offer a secure and anonymous payment option for clients.
Customer Support
Scandinavian Capital's customer support features, including phone support, email assistance, and a ticketing system, are designed to provide clients with accessible and efficient channels for resolving issues and receiving assistance whenever needed.
Phone: Clients can reach Scandinavian Capital's customer support team directly by phone at +46 8 446 85920. This allows for real-time communication and immediate assistance from knowledgeable representatives, ensuring prompt resolution of any issues or queries.
Email: Clients can also contact the customer support team via email at support@scandinavianmarkets.com. By sending an email, clients can detail their inquiries or concerns and receive a written response from the support team. This email support service allows for efficient communication and provides a record of correspondence for future reference.
Ticket: Additionally, Scandinavian Capital offers a ticketing system for customer support inquiries. Clients can submit support tickets through the company's website or trading platform, providing details about their issues or requests. The support team will then address the ticket promptly and provide assistance or resolution as needed. The ticketing system ensures that all client inquiries are documented and tracked for efficient handling and follow-up.
Educational Resources
Scandinavian Capital's educational resources, including news and analysis, company news, articles, and education materials, are designed to empower traders with the knowledge and insights they need to succeed in the financial markets.
News and Analysis: Scandinavian Capital provides regular news updates and market analysis to keep clients informed about the latest developments in the financial markets. This includes insights into key economic indicators, geopolitical events, and market trends, helping traders make informed decisions.
Company News: Clients can access news and updates related to Scandinavian Capital, including announcements about new products or services, changes to trading conditions, and company developments. This ensures transparency and keeps clients informed about important updates from the brokerage.
Articles: Scandinavian Capital offers a variety of articles covering topics such as trading strategies, technical analysis, risk management, and market psychology. These articles provide valuable insights and practical tips to help traders improve their trading skills and achieve their financial goals.
Education: Scandinavian Capital provides educational resources designed to help traders of all levels enhance their knowledge and skills. This includes tutorials, webinars, and guides covering various aspects of trading, investing, and financial markets. The educational materials are tailored for both novice traders looking to learn the basics and experienced traders seeking to deepen their understanding of advanced trading concepts.
Conclusion
In summary, Scandinavian Capital offers a wide range of market instruments, multiple account types, no minimum deposit requirement, popular trading platforms, and comprehensive customer support. However, its unregulated status makes transparency and legal uncertainty concerning.
Additionally, there is a potential risk of market manipulation, and educational resources may be limited.
FAQs
Q: Do you support FIX API？
A: Yes. Scandinavian Capital offers FIX API connection to your cTrader or MT4 account. For the smoothest FIX API experience, we recommend using the cTrader platform.
Q: Do you allow scalping？
A: Yes. Scandinavian Capital allows any trading strategies except those that violate our terms and conditions.
Q: Do you allow automated trading？
A: Yes. Scandinavian Capital allows our clients to trade, however they wish and support any trading strategy, whether an EA, cTrader Bot, or a black box trading via FIX API.
Q: Are all my trades STP？
A: Yes. Scandinavian Capital never takes the other side of your trades. We send 100% of our order flow to external counterparties.
Q: Can I sign up for a corporate account？
A: Yes. When you start the registration process, one of the first questions youll be asked is whether you want to open an individual or corporate account.
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