Country for PR: United States
Contributor: PR Newswire New York
Tuesday, February 19 2019 - 11:59
AsiaNet
Scandinavian Capital Markets to revolutionize the retail forex industry
STOCKHOLM, Feb. 19, 2019 /PRNewswire-AsiaNet/ --

This week, FinanceFeeds, a leading forex industry publication, conducted 
detailed research at Scandinavian Capital Markets ( 
https://c212.net/c/link/?t=0&l=en&o=2378527-1&h=2077741171&u=https%3A%2F%2Fwww.scmforex.com%2F&a=Scandinavian+Capital+Markets 
) in Stockholm, Sweden. 

Scandinavian Capital Markets ideology expands far beyond competing with 
existing FX brokerages. 

Guided by two highly reputable external professionals, those being Justin 
Hertzberg, CEO of Forest Park FX, one of North America's only NFA membership 
holding introducing brokers, and leading social data analyst, Nathaniel Hansen 
of The Socializers, the organization is using the novel approach of 
relationships instead of advertising/conference attendance.

"We invite professionals and individuals to Stockholm to experience what is 
happening in Sweden during this tumultuous time in the forex industry," said 
Managing Partner Arif Alexander Ahmad.

"Our goals include leading good quality business, and making a conscientious 
shift away from the controversy that is related to places like Cyprus and 
Malta, bring on board disenfranchised money managers and IBs from regions where 
a combination of strict regulations along with predatory brokers that do not 
adhere to those regulations is stifling their forex business, to help them to 
continue and grow in the more friendly corruption-free Swedish ecosystem," 
explained Mr Ahmad.

The ideology behind Scandinavian Capital Markets is to combine elite customer 
care with its own proprietary trading platform, all built on a foundation of 
Swedish culture. Above all else, the company also sees the importance of 
meeting its clients and having a human relationship, which is an important 
diversion from typical sales models in the retail FX business.

Sweden has one of the world's best reputations for safety, transparency, and 
neutrality. Scandinavian Capital Markets has approval by the Swedish FSA and 
works with Swedish banks. There are currently no Swedish retail STP (Straight 
Through Process) forex brokers, therefore this is a great opportunity to be 
able to leverage everything that Sweden stands for.

"This new model is far better than the classic retail FX model where traders 
and even IBs feel intimidated, give a small amount of money and then never come 
back. That is the current stand-off between false-named call centers hiding 
behind layered identities versus total transparency and quality customer care," 
said Mr Hansen.

Mr Ahmad then elaborated, "Old Swedish culture has a specific ethos that 
everyone is equal, and that you shouldn't try to be someone else."

"It is a very egalitarian society, there is no problem being well off, but if 
you show off, that's the opposite of Jantelagen, which is about harmony, 
equality and equal distribution of wealth so that you can't buy politicians, or 
buy off institutions in the media or influential figures, yet ensures that the 
middle classes are very comfortable and safe. People in Sweden are quite simply 
not afraid of anything. Everyone is taken care of in this country and people 
are calm. We intend to take of our clients in the same way as Sweden takes care 
of its citizens - with care, integrity and a long-term view."

Contact: Nathaniel Hansen, nathaniel@scmforex.com +46 (8) 44 68 5920 Ext 4000 
Kistagangen 16 
164 40 Kista 
Stockholm, Sweden

SOURCE: Scandinavian Capital Markets
Translations

Japanese