Scandinavian Markets cTrader Review

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Scandinavian Markets cTrader Review

Scandinavian Markets cTrader offering may not boast the size of some of its larger competitors, nor do they engage in extensive online marketing campaigns or host numerous offline seminars. However, they excel in their role as a boutique broker by focusing on quality over quantity. They have successfully maintained a loyal base of professional traders while continuously innovating to offer unique products, such as their highly attractive FREE account, which features no commissions and raw spreads.

With over a decade of history and more than eight years of experience with the cTrader platform, Scandinavian Markets has proven to be a safe and reliable choice for traders. Their expertise and commitment to providing exceptional trading conditions make them a standout option in the market. Their emphasis on delivering value and maintaining strong client relationships is exactly what one should expect from a top-tier boutique broker.

By focusing on these strengths, Scandinavian Markets has successfully carved out a niche in the trading industry. Specifically, their compelling combination of innovative products and dedicated customer service sets them apart from competitors. This approach has consequently solidified their reputation as a trustworthy and promising broker for those seeking a reliable cTrader experience. Furthermore, their commitment to maintaining high standards of transparency and reliability continues to attract a growing number of traders.

Scandinavian Markets cTrader Experience

Scandinavian Markets delivers a superior trading environment tailored for both novice and professional traders through its cTrader platform. The platform, renowned for its advanced charting tools and comprehensive technical analysis capabilities, includes over 70 indicators and multiple chart time frames. This setup enables traders to execute detailed and informed trading strategies.

The firm’s Straight-Through Processing (STP) and Direct Market Access (DMA) model ensures trades are executed with no dealing desk intervention, leading to a transparent and fair trading experience. This approach, combined with access to top-tier liquidity from well-capitalized providers, guarantees deep market depth and competitive spreads. Furthermore, the cTrader platform’s Smart Stop Outs feature enhances risk management by prioritizing the closure of positions with the highest margin usage.

Scandinavian Markets also supports cTrader Copy, a powerful copy trading service that allows traders to replicate the strategies of experienced money managers. This feature is particularly beneficial for those looking to leverage professional insights without having to develop their own strategies from scratch.

The user-friendly interface of cTrader is accessible across Windows, macOS, Android, and iOS, ensuring that traders can manage their portfolios effectively from any device. The platform’s robust integration capabilities, including FIX API, provide additional flexibility and support for algorithmic trading.

Scandinavian Markets cTrader Add-ons

As a boutique broker, Scandinavian Markets has activated the essential add-ons that cater to the needs of most of their traders. Notably, cTrader Copy has been enabled, providing traders with access to thousands of signals within the extensive cTrader Copy ecosystem. This feature allows traders to replicate the strategies of successful traders seamlessly, enhancing their trading experience.

In line with their philosophy, Scandinavian Markets maintains a neutral stance by refraining from offering educational or trading training resources. This approach empowers traders to make independent decisions. Additionally, the absence of popular tools like Trading Central and Autochartist further underscores their commitment to neutrality. By focusing on providing core trading features without supplementary training aids, Scandinavian Markets supports a market environment where traders rely on their own expertise and judgment.

Cross Broker cTrader Copy


Trading Central in graph Target

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Autochartist AI pattern recognition tool

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Scandinavian Markets Account Type

When it comes to account types and pricing, Scandinavian Markets stands out as a market leader. Their unique offerings cater to a wide range of traders, making them an attractive choice for both beginners and seasoned professionals. Notably, one of their most compelling features is the “Free Account,” which allows traders to trade on raw spreads with zero commissions, up to a threshold of 30 lots per month. This is an exceptional offer, particularly beneficial for traders who operate with smaller volumes, as it minimizes trading costs significantly.

However, after surpassing the 30-lot threshold, traders are charged a competitive fee of $4 per lot round trip. This pricing structure is one of the best available in the market, ensuring that even after the free trading limit is reached, the costs remain relatively low. Consequently, this flexibility makes Scandinavian Markets an excellent option for traders who are mindful of their trading expenses.

Moreover, even their standard professional account offers very attractive commission rates, maintaining the $4 per lot round trip fee. This competitive pricing is a testament to Scandinavian Markets’ commitment to providing cost-effective trading solutions without compromising on quality or service.

By offering such unbeatable pricing structures, Scandinavian Markets ensures that traders of all levels can access top-tier trading conditions, making them a preferred choice in the forex and CFD trading sector.



Trading Platform



(per USD 100k per side)


Spread from




Trading Platform



(per USD 100k per side)


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  • User can enjoy free commission on Free account for the first 30 lot traded every month. USD 2 per side afterwards.

Licensing and regulation

As a boutique broker founded and based in Sweden, Scandinavian Capital Markets offers a unique blend of regulatory compliance and personalized service. While they may not be regulated by as many tier 1 authorities as some larger brokers, they maintain strong legitimacy and trustworthiness. Clients typically onboard through their Vanuatu entity, which is licensed and regulated by the Vanuatu Financial Services Commission (VFSC), ensuring robust global service provision. Meanwhile, the group remains regulated in Sweden, adhering to the Swedish Financial Supervisory Authority (Finansinspektionen) regulations to provide local services.

Scandinavian Capital Markets is recognized for pioneering regulatory compliance in Vanuatu, maintaining a physical presence there, which underscores their commitment to adhering to regulatory standards. This approach ensures they can offer high-quality services to their global customer base with confidence.

Traders are encouraged to conduct their own due diligence to ensure the broker meets their specific security and protection needs. Scandinavian Capital Markets’ dual regulatory approach provides a solid foundation for trust and reliability in the trading industry.

Onboarding Entity:
Scandinavian Capital Markets Ltd
Vanuatu Financial Services Commission (VFSC)
Registration No. 700472

Other group entities:

Scandinavian Capital Markets SCM AB
Financial Supervisory Authority (Finansinspektionen)
Registration No. 80438

Instrument Offering and Leverage

As a boutique broker, Scandinavian Markets does not overwhelm customers with an extensive array of products. Instead, they focus on delivering excellence in their core offerings: Forex, indices, commodities, and cryptocurrencies. This strategic limitation ensures that they remain highly knowledgeable about market developments and can provide top-notch execution experiences to their traders.

Regarding leverage, Scandinavian Markets maintains consistent leverage regardless of exposure. Traders can open accounts with leverage of up to 500:1, ensuring they can access the leverage they anticipate without restrictions based on their exposure. This approach allows traders to optimize their trading strategies while benefiting from Scandinavian Markets’ commitment to transparency and reliability.

Forex Major

Forex Minor



Natural Gas



Deposit and Withdrawal

When it comes to withdrawal and deposit options, Scandinavian Markets doesn’t offer as many choices compared to its peers. However, the available options—USDT, credit card, and bank transfer—are sufficient to meet the needs of global customers. According to the CEO, the company is always open to requests for additional payment methods. Customers seeking specific options can submit a support ticket to request them. This flexibility is one of the advantages of being a boutique broker, allowing Scandinavian Markets to remain responsive to customer feedback. Generally, deposits made via credit card or e-wallet are processed instantly. Withdrawals are typically handled within one business day, ensuring a swift and efficient transaction experience for traders.

Below is a list of Global Deposit Options Available on Scandinavian Markets cTrader:





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