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.
Follow us on Telegram
Stay updated of all the news
AUD/USD recovers to 0.6700 amid upbeat mood
AUD/USD is battling 0.6700, recovering losses induced by softer Australian monthly inflation data. The US Dollar is struggling to extend the rebound amid a better market mood, as the global banking jitters ease. Focus on US data, Fedspeak.
USD/JPY approaches 132.00 amid BoJ-speak, firmer yields
USD/JPY is holding higher ground, approaching the 132.00 level early Wednesday. The pair is capitalizing on the risk-on mood and higher US Treasury bond yields amid mixed comments from the BoJ policymakers. US housing data next on tap.
Gold to extend choppy trading, awaiting a fresh catalyst Premium
Gold price has paused the previous rebound early Wednesday, as the United States Dollar (USD) seems to have found its feet following a rough start to the week. However, the underlying strength in the US Treasury bond yields so far this week could limit the Gold price advance.
This is how Arbitrum and Optimism are dragging users away from Ethereum
Arbitrum became the highlight of the month as the Layer-2 (L2) blockchain launched its native token, ARB. Since then, the L2 narrative that was once the talking point of 2022 has exploded again.
Unfazed: Confidence edges higher despite banking situation
Consumers may not love the present conditions, but a slightly more upbeat take on where things are headed was enough to give overall confidence a nudge in the right direction in March.
Making money in forex is easy if you know how the bankers trade!
Discover how to make money in forex is easy if you know how the bankers trade!
5 Forex News Events You Need To Know
In the fast moving world of currency markets, it is extremely important for new traders to know the list of important forex news...
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...
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.