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Scandinavian Capital Markets Review
- it's a Swedish brand with a Vanuatu offshore entity.
- The offshore entity requires $250, while the Swedish entity requires $10,000.
- This trading firm offers crypto and CFDs in commodities and indices.
Scandinavian Capital Markets Review – Is ScandinavianMarkets.com a Scam?
The Scandinavian Capital Markets broker’s information is quite specific, and there was a lot of confusion. For starters, the broker has two entities – one in the EU and one offshore. Furthermore, the firm has the discretion to assign clients to any of those entities, which makes trading uncertain.
Please take a look at our trusted review of Scandinavian Capital Markets. For your convenience, we summarized everything.
Further, our unbiased reviews of VeloCityTradeFX, GPSwiss, and Global Coin will help you improve your trading skills.
- Scam Broker Status: Unregulated
- Licensing/Regulation: Unlicensed Cryptocurrency and Forex Provider
- Websites of scammers: ScandinavianMarkets.com
- Trading Status: Active Forex Trading Scam and CFD Scam
- Scam listed by: N/A
- Owner of Broker: Scandinavian Capital Markets SCM AB / Scandinavian Capital Markets Ltd
- Sweden / Vanuatu: Headquarters
- Date of foundation: 2012
- Platforms: cTrader and MetaTrader 4 (MT4)
- MT4 Mobile App: Available for Android and iOS
- Deposit minimums: $250 and $10,000
- Bonuses: No Deposit Bonus and No Welcome Bonus
- Cryptocurrency Trading: BTC, ETH, and LTC are available
- Trading CFDs is possible: Yes, you can trade CFDs
- Instruments traded: FX (Forex) / Commodities / Indices / Cryptocurrencies (Cryptos)
- Leverage maximum: 1:100 / 1:500
- We offer Islamic accounts.
- Demo Accounts are free: Yes.
- US traders are accepted: US traders are accepted.
- Beware of this Scam Broker!
Is Scandinavian Capital Markets Regulated? – Why Does It Matter?
Swedish Finansinspektionen has registered Scandinavian Capital Market AB as a Swedish Forex broker. Also, Scandinavian Capital Markets Ltd is registered as a Vanuatu company.
The issue is that a firm is registered as a financial business but is not regulated. Why does Scandinavian Capital Markets regulation not exist? Searching through the FI register, you will find the following: “Main business – Financial Institutions – Registered, not supervised by FIs.”
According to the FAQ section, Forex isn’t considered a financial instrument and, as such, doesn’t need to be licensed as an FI. Therefore, it’s a notorious lie. Furthermore, it would help if you avoided scam forex providers such as Swiss29, Menne Market, and AnyTrades.
A PO box is used as the official address for the offshore entity, which was signed through a lawyer’s office in December 2021.
Where Is the Broker Active?
The company primarily targets residents of the following areas:
- UK
- US
- Sweden
- Australia
- Canada
Do You Have Problems With the Scandinavian Capital Markets?
Finally, if there are any problems with the Scandinavian Capital Markets broker, please let us know.
It may be possible for Global Fraud Protection to assist you in the chargeback process and help you receive a refund. To get your money back before it’s too late, contact us via online chat to schedule a free consultation.
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FAQ Section:
1. What Is Scandinavian Capital Markets, and Should I Invest Money In It?
Shortly, it’s a Swedish brand with a Vanuatu offshore entity. The company is Swedish-based and not supervised by FIs, so there may be issues. We can assist you with the refund in this case.
2. What Is Scandinavian Capital Markets Minimum Deposit?
The offshore entity requires $250, while the Swedish ,entity requires $10,000.
3. Can I Trade Cryptos and CFDs With a Scandinavian Capital Markets Broker?
This trading firm offers crypto and CFDs in commodities and indices.
4. How Long Does Scandinavian Capital Markets Withdrawal Take?
Scandinavian Capital Markets’ website says withdrawals take up to five business days.
