Scandinavian Capital Markets

Background & History

Scandinavian Capital Markets was established in 2011 by Arif Alexander Ahmad as an asset management firm providing services to affluent clients; however, it later transitioned into an STP/DMA focused on providing Foreign Exchange (Forex) products. The establishment date for Scandinavian Capital Markets is listed as 2007 by some but the broker lists 2011 as its establishment date.

Scandinavian Capital Markets centre of operation(s) isScandinavian Capital Markets’ Key Trading Products & Features

Traders have access to many different products at Scandinavian Capital Markets (SCM), including: Forex currency pairs (major pairs, minor pairs, exotic pairs), CFDs (Contract for difference) on indices including Dow Jones and NASDAQ, Commodities (Gold, Silver, Oil), Precious metals and Cryptocurrencies.

With SCM, traders can also take advantage of Features unique to SCM including: FXCopy-Social Trading, a Social Trading feature allowing clients to copy a more experienced trader's strategy, Managed Accounts Professional Portfolio Management Services, and Partnership Programs for Money Managers and Clerks.

SCM operates strictly as an STP/ECN (Straight Through Processing/ Electronic Communication Network) broker, who sources liquidity through prime brokers like ISAM Securities and ECNs. They are able to achieve an uninterrupted flow of liquidity between the broker and the client. Institutional clients can also benefit from custom liquidity solutions and advanced reporting.

Regulation and Security

SCM is regulated by multiple authorities around the world, providing customers with a strong sense of transparency and trust in the Forex Industry.

: Sweden: Finansinspektionen; 80438 since 2012, Registered

Mauritius: Financial Services Commission; GB24203561

Registered with a Company registration number; 556863-5972

Client funds are held in Segregated accounts with a Tier 1 European Bank

Legal Environment: Swedish Financial Law

Trading Conditions and Technology

SCM provides raw spreads obtained directly from banks and prime brokers with ultra-low-latency execution.

The following table summarizes the trading conditions and technology provided by SCM.

Feature | Description

Spreads | Raw spreads supplied by Prime brokers and banks.

Leverage | Not Specified (STP Model)

Minimum Deposit | $25 (Free Forever/Growth); $10,000 (Institution)

Execution Model | STP/DMA (NO DEALING DESK)

Platforms | MT4, MT5, cTrader, FIX API

Servers | LD4 London; NY4 New York

CPCI DSS; PCI 256 BIT ENCRYPTION

SCM offer support in multiple languages: English, Swedish, Danish, Russian, Portuguese, Spanish, Italian & Danish to provide opportunities to attract customers from all over the world.

Fees & Account Types

SCM has a completely transparent fee structure. No hidden fees exist.

See below for a breakdown of the different account types available for all customers of SCM:

Free Forever Plan | Growth Plan | Institutional Plan

---------------------------------------------

Commission | Free | $4.00 per lot (Includes Round turn) | Custom (Minimum 10 lots per month free; free/no deposits) /

Min. volume - Average |

10 LOTS /TRADE (maximum discount) /

Volume NOT DISCLOSED TO CLIENT(s)

Deposits | Free | Free | Free

Withdrawals | Free | Free | Free

The minimum deposit amount required for customers is $25 ($25 for both Free Forever Plan & Growth Plan) and $10,000 for the institutional account.

User Experience & Reputation

Customer feedback consistently indicates excellent results. Feedback from Traders has been overwhelmingly positive, citing: Tight spreads; Institutional quality execution; Safe/Secured funds; Excellent service via multiple formats; Live chat, telephone, email; Professional timely service.

Public reviews for SCM (large companies) still appear to be limited, but moreover, reputation is based upon Scandinavian culture of Trust, Transparency, & Ethical Business Practices; there are still weak points such as a lack of specified Leverage and other than the requirement to generate 10 lot volume minimum / month before discounts to Free Forever Plan.

Recent Developments

Currently, there is no major developments or news scheduled for SCM; however, SCM will continue to improve its current institutional solution offerings and API Execution Infrastructure. Further, SCM also provides weekly free analyst calls, and recently was included in the EU Fintech Map as a major player in the Fintech arena within Europe.

Conclusions

SCM represents a Reputable, Conflict-Free STP Forex Broker and CFD Broker. SCM is regulated; offers Broad Institutional liquidity; and utilizes many of today's advanced technologies on behalf of both Retail and Institutional Traders.

The Scandinavian principles of Safety, Transparency, & Professionalism, provide traders with direct Access to the Market, Automated Trading, and Custom Liquidity Solutions for Institutions.