Have you ever dreamed of being a professional trader or managing an investment fund but feel your location or lack of an ivy league education is holding you back? Financial market democratization is accelerating, and Scandinavian Capital Markets is taking it to a whole new level.
Asset management firm Scandinavian Capital Markets has launched their funded trader program, offering capital for traders to manage, providing they pass a simple introductory exercise.
Internet connectivity, ease of access to educational resources, and technological innovation are making location and education irrelevant. You don’t need to be in New York, London, or Hong Kong to be a money manager or trade for an asset management firm. Forex and cryptocurrency aren’t taught at universities. Therefore, this opportunity is open to anyone, regardless of your educational background or location.
The funded trader program we recently launched offers traders up to $1,000,000 in funding. To be accepted into the program, you must pass a simple assessment that demonstrates your trading capabilities.
We started life as an asset management firm catering to high-net-worth investors looking for managed investment opportunities in the forex market. In recent years, we’ve been looking for ways to make our boutique trading services more inclusive. This initiative allows any trader to try out and become a trader for Scandinavian Capital Markets’ money management division.
“Some of the most consistently profitable traders in the world aren’t based on Wall Street or Canary Wharf; they’re working from their homes, hundreds, even thousands of miles away from major financial centers. We’re looking for the best traders out there to enhance our strategy portfolio.” Commented Jamie Saettele, Chief Technical Analyst at Scandinavian Capital Markets.
The assessment requires traders to generate 10% profit without exceeding a daily 4% loss or a 5% account drawdown. There is no deadline to complete the assessment. When a trader passes the assessment, they’re given from $25,000 to $1,000,000 to manage, depending on the selected tier.
Every trader is encouraged to register for an assessment. There is no limit to how often you can perform an assessment, and failures will not impact eligibility once you succeed. Interested traders can learn more about the funded trader program at the company's website.
If you’re accepted into the program, you are essentially a trader for Scandinavian Capital Markets’ portfolio of forex and cryptocurrency trading strategies offered to investors. Traders earn 75% of investors’ performance fees, and Scandinavian Capital Markets keep 25%.
Scandinavian Capital Markets provides traders with a state of the art trading platforms, like MetaTrader 4, and the best possible forex and cryptocurrency trading conditions. Traders also have access to a trader dashboard to monitor key performance indicators and earnings.
We are based in Sweden and offer clients a gateway to the highly desirable Swedish forex trading environment. We are authorized by and registered with the Swedish Financial Supervisory Authority (Finansinspektionen, Registration No. 80438), which oversees one of the world’s most reputable and stable financial trading markets.
Any reviews, news, research, analysis, prices or other information contained in this article is provided as general market commentary, does not constitute investment advice and may undergo changes from time to time. Trading the Financial and Currency Markets on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as to your favor. Before entering trading Financial and Currency Markets, you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility that you could sustain a loss of some or more of your initial investment and therefore you should not invest money which you cannot afford to lose. You should be aware of all the risks associated with Financial and Currency Markets trading, and in case you have any doubt, rather seek advice from an independent financial advisor. Scandinavian Capital Markets AB, its owners, employees, agents or affiliates do not give investment advice, therefore Scandinavian Capital Markets AB assumes no liability for any loss or damage, including without limitation to, any loss of profit, which may be suffered directly or indirectly from use of or reliance on such information. Scandinavian Capital Markets AB strongly encourages consultation with a licensed representative or financial advisor regarding any particular investment or use of any investment strategy.
Editors’ Picks
EUR/USD remains below 1.1750 ahead of ECB policy decision
EUR/USD remains on the back foot below 1.1750 in the European session on Thursday. Traders move to the sidelines and refrain from placing any fresh directional bets on the pair ahead of the ECB policy announcements and the US CPI inflation data.
GBP/USD stays defensive below 1.3400, awaits BoE and US CPI
GBP/USD oscillates in a narrow band below 1.3400 in European trading on Thursday. The pair trades with caution as markets eagerly await the BoE policy verdict and US consumer inflation data for fresh directional impetus.
Gold holds losses below $4,350 ahead of US CPI report
Gold struggles to capitalize on the previous day's move higher and holds its pullback below $4,350 in the European session on Thursday. The downtick could be attributed to some profit-taking amid a US Dollar bounce. All eyes now remain on the US CPI inflation data.
BoE set to resume easing cycle, trimming interest rate to 3.75%
The Bank of England will announce its last monetary policy decision of 2025 on Thursday at 12:00 GMT. The market prices a 25-basis-point rate cut, which would leave the BoE’s Bank Rate at 3.75%.
US CPI data expected to show inflation rose slightly to 3.1%, cooling Fed rate cut bets for January
The US Bureau of Labor Statistics will publish the all-important Consumer Price Index (CPI) data for November on Thursday at 13:30 GMT. The CPI inflation in the US is expected to rise at an annual rate of 3.1% in November
RECOMMENDED LESSONS
Making money in forex is easy if you know how the bankers trade!
I’m often mystified in my educational forex articles why so many traders struggle to make consistent money out of forex trading. The answer has more to do with what they don’t know than what they do know. After working in investment banks for 20 years many of which were as a Chief trader its second knowledge how to extract cash out of the market.
5 Forex News Events You Need To Know
In the fast moving world of currency markets where huge moves can seemingly come from nowhere, it is extremely important for new traders to learn about the various economic indicators and forex news events and releases that shape the markets. Indeed, quickly getting a handle on which data to look out for, what it means, and how to trade it can see new traders quickly become far more profitable and sets up the road to long term success.
Top 10 Chart Patterns Every Trader Should Know
Chart patterns are one of the most effective trading tools for a trader. They are pure price-action, and form on the basis of underlying buying and selling pressure. Chart patterns have a proven track-record, and traders use them to identify continuation or reversal signals, to open positions and identify price targets.
7 Ways to Avoid Forex Scams
The forex industry is recently seeing more and more scams. Here are 7 ways to avoid losing your money in such scams: Forex scams are becoming frequent. Michael Greenberg reports on luxurious expenses, including a submarine bought from the money taken from forex traders. Here’s another report of a forex fraud. So, how can we avoid falling in such forex scams?
What Are the 10 Fatal Mistakes Traders Make
Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.
The challenge: Timing the market and trader psychology
Successful trading often comes down to timing – entering and exiting trades at the right moments. Yet timing the market is notoriously difficult, largely because human psychology can derail even the best plans. Two powerful emotions in particular – fear and greed – tend to drive trading decisions off course.