Scandinavian Markets Research Team
Scandinavian Capital Markets
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 looks offered below 1.1900
EUR/USD keeps its bearish tone unchanged ahead of the opening bell in Asia, returning to the sub-1.1900 region following a firmer tone in the US Dollar. Indeed, the pair reverses two consecutive daily gains amid steady caution ahead of Wednesday’s key US Nonfarm Payrolls release.
GBP/USD slips back to daily lows near 1.3640
GBP/USD drops to daily lows near 1.3640 as sellers push harder and the Greenback extends its rebound in the latter part of Tuesday’s session. Looking ahead, the combination of key US releases, including NFP and CPI, alongside important UK data, should keep the pound firmly in focus over the coming days.
USD/JPY drops toward 155.00 as focus shifts to US data
USD/JPY meets fresh supply and inches closer toward 155.00 in the Asian session on Tuesday. The Japanese Yen holds the upper hand over the US Dollar after Japanese Prime Minister Sanae Takaichi led the ruling Liberal Democratic Party to a historic landslide win and on intervention talks. Traders brace for key US economic data that could offer more clues on the Federal Reserve's monetary policy.
Editors’ Picks
AUD/USD meets initial resistance around 0.7100
A decent rebound in the US Dollar is behind the AUD/USD’s daily pullback on Tuesday. In fact, the pair comes under modest downside pressure soon after hitting fresh yearly peaks in levels just shy of 0.7100 the figure on Monday. Moving forward, investors are expected to closely follow the release of Chinese inflation data on Wednesday.
EUR/USD looks offered below 1.1900
EUR/USD keeps its bearish tone unchanged ahead of the opening bell in Asia, returning to the sub-1.1900 region following a firmer tone in the US Dollar. Indeed, the pair reverses two consecutive daily gains amid steady caution ahead of Wednesday’s key US Nonfarm Payrolls release.
Gold the battle of wills continues with bulls not ready to give up
Gold remains on the defensive and approaches the key $5,000 region per troy ounce on Tuesday, giving back part of its recent two day. The precious metal’s pullback unfolds against a firmer tone in the US Dollar, declining US Treasury yields and steady caution ahead of upcoming key US data releases.
Bitcoin's downtrend caused by ETF redemptions and AI rotation: Wintermute
Bitcoin's (BTC) fall from grace since the October 10 leverage flush has been spearheaded by sustained ETF outflows and a rotation into the AI narrative, according to Wintermute.
Dollar drops and stocks rally: The week of reckoning for US economic data
Following a sizeable move lower in US technology Stocks last week, we have witnessed a meaningful recovery unfold. The USD Index is in a concerning position; the monthly price continues to hold the south channel support.
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