Scandinavian Capital Markets Account Type

Scandinavian Capital Markets offers various account types tailored to meet the needs of different traders. The primary account types include:

• Vanuatu STP/ECN Account
• Minimum Deposit: $250
• Best Suited For: All traders
• Features: Access to raw spreads and competitive trading conditions.
• Sweden ECN Account
• Minimum Deposit: $10,000
• Best Suited For: All traders
• Features: Offers premium account management, raw spreads starting from 0.0 pips, and low commissions.
• Islamic Account
• Minimum Deposit: $1,000,000
• Best Suited For: Traders following Sharia law
• Features: Swap-free trading in compliance with Islamic finance principles.
• Demo Account
• Features: Risk-free environment to practice trading strategies with virtual funds.

Overall, the accounts provide a range of trading instruments, including over 50 forex pairs, and leverage options up to 1:500 depending on the account type.

Scandinavian Capital Markets Broker Account Opening Process

Opening an account with Scandinavian Capital Markets involves a straightforward process:

• Visit the Website: Go to the official Scandinavian Capital Markets website.
• Select "Open Account": Click on the "Open Account" option on the homepage.
• Choose Account Type: Select the desired account type (Vanuatu STP/ECN, Sweden ECN, or Islamic).
• Fill Out Personal Information: Complete the required personal information form.
• Account Verification: After registration, a verification email will be sent to your registered email address. Click the link in the email to verify your account.
• Make Initial Deposit: Fund your account with the required minimum deposit for the selected account type.
• Start Trading: Once verified and funded, you can log in to your account and begin trading.

This process ensures a secure and efficient way to start trading with Scandinavian Capital Markets.