FAQ

Answers to most common questions are gathered in this section. If you cannot find the answer, do not hesitate to contact us for assistance.

Company

Scandinavian Capital Markets has its headquarters at Kistagången 16, Stockholm, Sweden.
Scandinavian Capital Markets is registered with the Swedish Financial Supervisory Authority (Finansinspektionen) under No. 80438. Company Registration No. 556863-5972.
Please use this link to the Swedish Financial Inspection (Finansinspektionen) corporate register to confirm the status of Scandinavian Capital Markets SCM AB: https://www.fi.se/sv/vara-register/foretagsregistret/details?id=115111
It means that FX is not classified as a financial instrument in Sweden and is thus not subject to supervision like other asset classes.
Scandinavian Capital Markets was founded by a group of senior trading professionals from Sweden with extensive experience in the FX market. The management has held many senior roles in institutional financial companies and has been able to utilize that knowledge in Scandinavian Capital Markets.
Correct, Scandinavian Asset is a website operated by Scandinavian Capital Markets, where we showcase our Forex Managed Accounts service.
We offer our services to residents of all countries except for the U.S., Afghanistan, Belarus, Burma, Burundi, Central African Republic, China, Congo, Cuba, Egypt, Guinea, Guinea-Bissau, Indonesia, Iran, Iraq, Japan, Lebanon, Lesotho, Libya, Maldives, Mali, Moldova, Nicaragua, Nigeria, North Korea, Pakistan, Russia, Somalia, Sudan, South Sudan, Syria, Tunisia, Turkey, Venezuela, Yemen, and Zimbabwe. Due to the Dodd-Frank regulation we only accept US clients if they meet the criteria of an Eligible Contract Participant (ECP).
Please be advised that we can only consider accepting US-based clients if they meet the criteria of an Eligible Contract Participant (ECP). For individuals, the criterion is $10M+ aggregated discretionary investments in their own name or $5M if hedging.
It is your responsibility to report and pay your tax according to the laws of your local jurisdiction.

Funds

Scandinavian Capital Markets is a true STP/ECN Forex broker. This means that we aggregate the best bid and ask prices from deep liquidity pools in the underlying FX market. These prices are provided by top-tier investment banks.
Scandinavian Capital Markets holds client deposits in segregated accounts with Tier One banks, which means client funds are never commingled with the company assets. As such, client funds are only used to cover margin for the clients trading purposes and are never used in the company’s balance sheet.
Client funds are held segregated in top-tier European banks.
Client funds are held in top-tier European banks.
The minimum investment is $5,000, which is available only for certain strategies. Most of the strategies require a minimum investment of $10,000 in order for the trading to work properly.
Scandinavian Capital Markets only accepts bank wire transfer as a funding method.
Scandinavian Capital Markets always converts at the spot rate.
We do not charge any kind of withdrawal or deposit fees, interest or monthly maintenance fees. Our bank applies a flat fee on withdrawals: USD 25, EUR 25 and GBP 27. Please also bear in mind your bank might charge some fees for these operations. We recommend you to check with your bank.
Yes, but the bank will convert your funds upon arrival at not the most favourable rate.
Provided that all trades in the account are closed, withdrawals are processed within one business day.
Please write your name and your trading account number.

Accounts

All investment strategies operate in USD. Your trading account will be a USD account. You can deposit funds in a different currency but they will be converted by our bank upon receipt.
Please proceed to our Application Page. Start filling out your application and select Corporate Account on the second step.
Account registration applications are approved within 24 hours.
Scandinavian Capital Markets does not charge any fees for opening or maintenance of accounts.
To request a withdrawal, log in to the Client Portal, click the Withdrawals tab, and submit the form.
Send an email to support@scandinavianmarkets.com. If your account is managed, you also need to submit an LPOA revocation.

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