Scandinavian Capital Markets: commission units, FIX fees and Swedish registration

Unlike typical Standard and Raw dual menus, the Scandinavian Markets current tariff describes one central account. It publishes a USD 250 minimum, raw variable spreads from 0.0 pips and a commission expressed as USD 2 per USD 100,000 notional. The account is available through MT5 and cTrader, with an advertised leverage ceiling of 1:200 in the pricing comparison.[2][4]

The FAQ does not perfectly agree: it separately states that maximum leverage is 1:500. Rather than choose whichever number is higher, this profile uses the explicit current pricing-page 1:200 reference and records the unresolved FAQ discrepancy. The terms of an actual instrument/account may differ and must be confirmed during onboarding. Corporate registration and verification require more than an initial balance.[2][4]

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The marketed list covers foreign exchange, metals, market indices, energy and other commodities and cryptocurrency CFDs. The company highlights access to liquidity via ECN connections, but the investor does not automatically obtain ownership of physical gold, index constituents or the on-chain tokens represented by a price CFD.[3][4]

The terminal provides symbol-specific market hours, bid/ask prices, point value, minimum and maximum trade sizes and financing terms. A strategy trading several contracts therefore needs per-symbol risk parameters. Indices and cryptocurrencies often have materially different opening hours and leverage from FX majors, despite being accessible from the same account and platform.[3][4]

The current pricing page shows USD 2 per USD 100,000 notional and its example applies that charge per side. Other FAQ language has described round-trip pricing. Use the dated written tariff for the accepted account before treating either as an unconditional contractual quote. The USD-notional denominator is not one million base-currency units for every pair.[2][4]

The arithmetic holds notional unchanged between entry and exit, excludes spread/financing, and uses the pricing page’s per-side convention. It is an illustration, not a tested execution cost or resolution of the FAQ conflict.[2]

MT5 and cTrader are the principal trading terminals, and the firm offers connectivity from Equinix LD4 and SG1 infrastructure. Company claims of STP routing and pooled prime-broker prices cannot be recast as an independent test of slippage, positive price improvement, rejection ratios or institutional market access.[4][2][3]

The FAQ gives an MT5 maximum of 50 lots per individual trade and a cTrader ceiling of 5 million base-currency units, with additional symbol-specific exceptions. Five million base units equals fifty 100,000-unit standard currency lots, but that numerical equivalence does not establish identical execution routes. Trailing orders, bots and FIX sessions each have different persistence and security properties.[4][2][3]

The account opening process collects identification, employment/experience information, a live identity selfie and recent proof of address before an individual or corporate trading account is approved. The USD 250 opening threshold does not supersede provider minimums, banking compliance, or the need to hold sufficient margin on an actual trade.[2][4]

The price page lists bank wires, cards and cryptocurrency funding. Its small print describes a maximum of two fee-free withdrawals per month, with subsequent 1% charges; the FAQ separately mentions discretionary USD 25 triggers. These fee conditions are not interchangeable and should be checked together for a particular cash request. Account closure also requires separate instruction and, for managed accounts, revocation of a limited power of attorney.[2][4]

The Swedish supervisory register independently identifies Scandinavian Capital Markets SCM AB, company 556863-5972, as active under FI number 80438. The only permission category shown in the retrieved entry is “Annan finansiell verksamhet” under the Swedish law 1996:1006 governing currency exchange and other financial activity. That is materially narrower evidence than a MiFID securities-firm or CFD dealing authorisation.[5][4]

A brand phrase such as “regulated Sweden broker” should not be used to manufacture a statutory investor-compensation entitlement. The company reports bank segregation and daily cash reconciliation, but individual client title, the relevant prudential rules and failure-treatment terms require the actual client contract. The FI registration itself does not establish insurance of losses from trading.[5][4]

The FAQs provide unusually actionable operational information: live account onboarding questions, order-size limits, trading platform choices, managing a corporate account and closing managed accounts by cancelling the power of attorney. For any complaint, keeping both cTrader/MT5 trade records and, where applicable, FIX session logs is important because connector requests are not the same as broker-confirmed fills.[4][2]

The firm advertises multilingual 24/5 assistance, but no service response was tested. Its statements and liquidity/risk reporting products should be understood by entitlement: a client may see history in MT5/cTrader without automatically receiving FIX reports or a local annual tax assessment. A lost authenticator or changed bank account may trigger security review not described in detail on the public pricing sheet.[4][2]

The technology menu contains both ordinary EAs and a true FIX API distinction. cTrader FIX is listed at no monthly charge while the MT5 FIX interface is listed at USD 1,000 monthly. A vendor’s technical protocol should not be treated as unlimited customer permission; onboarding, whitelisted access, message rate, position limits and disconnect handling need the firm’s specific API agreement.[2][4]

The site mentions copy trading via cTrader Copy and Pelican and separately discusses managed accounts. When a copying connection ends, orders already live with the customer remain exposure until independently closed unless a documented service rule provides otherwise. There is no evidence that an AI chat feature can autonomously trade the account under default permissions.[2][4]

Scandinavian Markets markets an international multi-asset leveraged brokerage from Sweden. Its publicly verifiable legal identity is more concrete than many small international brokers: the official Swedish FI register gives company number, FI ID, active status and the precise regulated/registered category. The category must not be broadened into a securities dealer authorisation without separate evidence.[5][2][4]

The practical offer is one account, two major terminals and several optional API routes. The published leverage conflict—pricing 1:200, FAQ 1:500—is an unresolved company-source inconsistency, not a signal to select the more attractive rate. International customer acceptance remains selective; the Swedish address is not a guarantee that investors in other European or non-European jurisdictions may lawfully open a live account.[5][2][4]