Sweden's first FX ECN Brokerage opens its doors to the world

SCM Forex

Feb 1, 2018
Scandinavian Capital Markets SCM, a Stockholm, Sweden based company with its roots in asset management is proud to open its doors to the first Nordic based FX ECN/STP online brokerage.

Founded by three FX professionals, SCM started as an asset management company in 2011. By utilizing its extensive contacts and relationships with liquidity providers and technology providers as such, SCM plans to bring its success and the Nordic factor to the online FX brokerage world with cutting edge technology, Swedish safety and innovation.

“We have placed a lot of focus and attention on the technology side,” said Michael Buchbinder, Partner and Head of Global Operations at SCM. “Given that we work with Sweden's biggest and most capitalized banks means that clients will always have a safe trading environment with SCM,” he said.

SCM today offers clients three of Sweden's biggest banks to deposit their funds with. Known for their security, clients have the option to bank with either Swedbank, Nordea or SEB which have some of the highest core Tier 1 ratios in the world. With investors becoming more sophisticated and particular about what they want, SCM believes it is in the right time and region to be able to cater to investors needs. “A lot of people associate Sweden and Nordic region with the safety and stability that they need from a broker. Being a Swedish company, combined with our commitment to giving traders a phenomenal trading experience, is definitely our biggest selling point,” said Arif Alexander Ahmad, Partner and Head of Business Development.

SCM is registered with the Swedish Financial Supervisory Authority (FSA) which will give clients the comfort they need to do business with the Swedish company. Traders will be able to utilize and open a variety of new innovative trading accounts, including one with Squak News, and has teamed up with U.S. based educational firm FXanalytix to offer daily webinars and educational tools to help its clients succeed in the 5.2 trillion Forex market.

The company will start by offering Metatrader 4 to its retail clients and plans to unveil other FX platforms in the coming future. The platform currently boasts a latency of only 10 milliseconds and have integrated a multi-tier IB portal for IB's to help onboard their clients in a faster way and have a complete overview of their earnings and commissions.

SCM's headquarters is currently Stockholm, but has regional presence in Spain, London and Canada and plans to unveil new office locations in 2018 and the near future.

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