Scandinavian Capital Markets Review 2026

Scandinavian Capital Markets is a broker/online-trading brand in our historical database. Current review status: authorisation-scope concern / investment-firm licence not verified. Sweden’s Finansinspektionen lists Scandinavian Capital Markets SCM AB, corporate ID 556863-5972 and FI number 80438, as active. However, the authorisation shown in the regulator record is “Annan finansiell verksamhet” (other financial activities) under Sweden’s law on currency exchange and other financial activities. The record reviewed does not itself establish authorisation as an investment firm or OTC CFD/forex dealer.

We do not assign normal commercial 'pros' to this profile because the overriding issue is regulatory status and client protection. Users should not assume that the FI registration displayed on the broker website provides the same permissions or client protections as a MiFID investment-firm licence. Before funding, verify the exact legal basis on which the offered leveraged forex/CFD service is provided to your country.

The primary concern is a material mismatch between the broad retail trading service advertised on the website and the limited authorisation description visible in the official Swedish FI record reviewed. Users should not assume that the FI registration displayed on the broker website provides the same permissions or client protections as a MiFID investment-firm licence. Before funding, verify the exact legal basis on which the offered leveraged forex/CFD service is provided to your country.

No retail deposit bonus was verified. Scandinavian Capital Markets competes on raw-spread agency execution rather than bonus credit; the current site advertises commission pricing and direct liquidity access.

The key fact is not a marketing feature but the regulatory record: Finansinspektionen’s live company record shows the firm as active but lists only “other financial activities” under the 1996:1006 currency-exchange/other-financial-activities law. It does not show an investment-services authorisation in the record we reviewed.

The firm is a real Swedish company and its current website remains active. Current pricing advertises spreads from 0.0 pips, $2 per $100k notional commission, 1:200 maximum leverage, a $250 minimum deposit, MT5 and cTrader. Those commercial facts do not resolve the regulatory-scope question.

We would not treat Scandinavian Capital Markets as a normal trusted regulated-broker recommendation. Finansinspektionen’s live company record shows the firm as active but lists only “other financial activities” under the 1996:1006 currency-exchange/other-financial-activities law. It does not show an investment-services authorisation in the record we reviewed. Users should not assume that the FI registration displayed on the broker website provides the same permissions or client protections as a MiFID investment-firm licence. Before funding, verify the exact legal basis on which the offered leveraged forex/CFD service is provided to your country.

Scandinavian Capital Markets has a real, active Swedish regulator record, but its scope must be described precisely rather than calling it a fully licensed retail CFD broker. The complete verified regulator/legal-entity set established in this audit is:

This distinction is material. The broker markets leveraged forex/CFD-style trading, but an FI registration for “other financial activities” is not the same thing as a verified investment-firm licence for those services. We therefore do not attribute a MiFID investor-compensation scheme, statutory retail negative-balance protection or other investment-firm safeguards to this relationship without separate authoritative evidence. The broker itself says client funds are segregated; that is retained as a first-party operational disclosure, not upgraded into a protection proved by the FI register.

Country availability is clearer than the licence scope. Scandinavian Capital Markets' current restricted-jurisdictions page expressly says it cannot open accounts or provide services to residents or citizens of the **European Union**. Belgium and Sweden are therefore marked unavailable for the reviewed service despite the company being incorporated and registered in Sweden. For Belgium, the FSMA separately restricts distribution of leveraged OTC CFDs and rolling-spot forex to consumers. No Belgian Open Account CTA should be shown.

This is an authorisation-scope finding, not a fraud finding: we are not labelling Scandinavian Capital Markets a scam, clone or fraudulent firm.

No clearly dated 2026 award with a primary issuer source was verified in this pass. The review therefore focuses on measurable pricing, execution and authorisation-scope facts instead.

Historically Scandinavian Capital Markets marketed online leveraged or speculative trading services. We could not verify a current regulated offering for Scandinavian Capital Markets that would justify presenting old product claims as current. Because the regulatory/identity evidence is adverse or the former brokerage is no longer operating in the same form, old details about accounts, spreads, leverage, funding methods or platforms should not be treated as current unless independently confirmed.

Current support contacts are support@scandinavianmarkets.com and +46 8 525 160 29. The same number is published for sales and compliance; separate sales@ and compliance@ addresses are also listed.

Both the official FI register and the broker FAQ identify Scandinavian Capital Markets SCM AB, corporate ID 556863-5972, at Grev Turegatan 30, 114 38 Stockholm, Sweden. Identity is clear even though investment-service permission scope remains the key regulatory caveat.

Support quality should be judged by KYC, payment and complaint handling rather than sales responsiveness.

The current site provides trading articles, market material and platform/FAQ education, but the strongest visitor value is technical execution documentation rather than a large beginner academy. A structured 2026 webinar curriculum was not verified.

The broker explicitly states that it uses an agency/STP model, does not operate a dealing desk, sends 100% of order flow to external counterparties and aggregates prices from prime brokers/ECNs, primarily citing ISPrime in London. This is a direct first-party execution claim; it does not resolve the separate question of whether the FI registration shown is sufficient authorisation for the service in a given country.

The current restricted-jurisdictions page explicitly lists the entire European Union, so Belgian residents are not eligible for the reviewed service. It also excludes the United States, Brazil, Russia and a number of other jurisdictions.

We do not identify a normal target customer for Scandinavian Capital Markets while this warning/status remains unresolved. Users looking for forex or CFD access should prefer a broker whose exact legal entity and permissions can be verified on the regulator's live register.

Anyone who needs regulated client-money protection, a formal complaints route or compensation-scheme eligibility should avoid relying on this historical profile. Users should not assume that the FI registration displayed on the broker website provides the same permissions or client protections as a MiFID investment-firm licence. Before funding, verify the exact legal basis on which the offered leveraged forex/CFD service is provided to your country.

Do not use coupon codes, deposit bonuses or referral offers as a reason to send funds. We could not verify a current regulated offering for Scandinavian Capital Markets that would justify presenting old product claims as current. Because the regulatory/identity evidence is adverse or the former brokerage is no longer operating in the same form, old details about accounts, spreads, leverage, funding methods or platforms should not be treated as current unless independently confirmed.

The inconsistency between the homepage and FAQ minimum is disclosed rather than silently choosing the more attractive number.

We do not provide account-opening instructions for this profile because of the current warning/status. Verify any firm independently with the relevant regulator before sending identification documents or money.

A demo environment, if one exists, does not establish that the underlying firm is authorised. We therefore do not treat demo availability as a safety signal.

This is not a prop-firm challenge review. Historical 'trading objectives' are not relevant to the core issue, which is whether the firm and legal entity are currently authorised and verifiable.

Because the investment-services permission basis was not established to publication standard, we do not attribute MiFID investor-compensation, negative-balance or other investment-firm protections to this profile without further authoritative evidence.

Do not upload identity documents to an unverified domain or contact. If a firm requests KYC documents, first verify the exact legal entity and website against the regulator's register or warning notice.

Funding methods include bank transfer in EUR/USD/GBP, Visa, Mastercard, American Express, Skrill and stablecoins such as USDT. The broker says most deposits and withdrawals have no broker fee, while a discretionary USD 25 withdrawal fee can apply after no trading activity or for a withdrawal below USD 25. Withdrawal requests are normally processed within two business days.

Do not send new funds based on old funding instructions or account-manager messages. Verify the firm first; bank, card, crypto and e-wallet transfers can have very different recovery rights.

Any historical minimum-deposit figure is intentionally not repeated as a current fact. We could not verify a current regulated offering for Scandinavian Capital Markets that would justify presenting old product claims as current. Because the regulatory/identity evidence is adverse or the former brokerage is no longer operating in the same form, old details about accounts, spreads, leverage, funding methods or platforms should not be treated as current unless independently confirmed.

Current withdrawal channels could not be verified to our publication standard. If money is already on the platform, document every withdrawal request and avoid paying additional 'tax', 'unlock', 'verification' or 'release' fees without independent legal/regulatory confirmation.

If you already have funds with Scandinavian Capital Markets, submit any available withdrawal request through the account interface, save screenshots and correspondence, and escalate promptly to your bank/card issuer and the relevant regulator if funds are withheld. Do not send additional money merely to release a withdrawal.

We cannot verify reliable current payout performance. Users should not assume that the FI registration displayed on the broker website provides the same permissions or client protections as a MiFID investment-firm licence. Before funding, verify the exact legal basis on which the offered leveraged forex/CFD service is provided to your country.

Spreads are described as raw, with a headline USD 2 commission per USD 100,000 notional. Swaps are instrument-specific and the FAQ tells clients to check live swap rates in a live account. The broker also states that accounts holding funds with no trading for more than 12 months can incur a USD/EUR/GBP 20 inactivity fee.

Historical market lists are not repeated as current because the underlying operating status/authorisation is the more important issue. We could not verify a current regulated offering for Scandinavian Capital Markets that would justify presenting old product claims as current. Because the regulatory/identity evidence is adverse or the former brokerage is no longer operating in the same form, old details about accounts, spreads, leverage, funding methods or platforms should not be treated as current unless independently confirmed.

MT5 and cTrader are offered, with automated trading explicitly allowed through EAs, cTrader Bots and FIX API. The broker supports hedging or netting account modes and high-frequency trading; its old Scandinavian Asset Management passive-strategy service is explicitly no longer offered.

Historical instrument claims are not presented as current. We could not verify a current regulated offering for Scandinavian Capital Markets that would justify presenting old product claims as current. Because the regulatory/identity evidence is adverse or the former brokerage is no longer operating in the same form, old details about accounts, spreads, leverage, funding methods or platforms should not be treated as current unless independently confirmed.

We do not publish historical server names as current connection instructions for a warning-status profile.

Current supported base currencies could not be independently verified and are not material to the safety conclusion.

Do not infer safety from the availability of cryptocurrency trading or crypto deposits. Crypto transfers can be especially difficult to reverse, so regulatory verification should come before funding.

Any historical leverage figure is intentionally not repeated as a current offer. High leverage materially increases loss risk and, for a warning-status firm, does not compensate for missing or adverse regulatory protection.

We do not provide instructions for increasing leverage on a warning-status profile. If you already have an account, reducing exposure and confirming withdrawal rights is more important than increasing leverage.

Historical spread claims are not presented as current because they cannot be independently verified to our standard. Very low advertised spreads should never be used as a substitute for checking authorisation and client-money protection.

We could not verify a current MAM/PAMM service that should be relied on. Managed-account claims add custody and discretionary-management risk and require especially careful regulatory verification.

Expert Advisor support, if historically offered, is not relevant to the current safety assessment and was not verified as a current feature.

Copy-trading availability does not establish regulatory status. We did not verify a current copy-trading service that should be relied on for a new account.