About SCALA
Overview
SCALA is a forex and CFD broker registered in the United Kingdom, with a registered address at 10 Rood Ln, London EC3M 8AY. The company was founded on 9 July 2021 and operates under the domain scalacp.com. However, independent public information about the broker is limited, as no verified user reviews or detailed operational history are available.
According to official records, SCALA does not hold any known financial regulatory licences. This lack of regulatory oversight is a significant factor for traders to consider, as it means the broker is not subject to the standard investor protections and capital adequacy requirements enforced by recognised authorities.
Account Types and Trading Conditions
SCALA offers four account tiers: Standard, Classic, PRO, and Premium. The minimum deposit requirements range from $1,000 for the Standard account to $10,000 for the Premium account. All account types provide a maximum leverage of 1:400, which is relatively high and can amplify both potential gains and losses.
The multi-tier structure suggests the broker aims to cater to different levels of retail traders, from those with smaller capital to high-net-worth individuals. However, the absence of information on spreads, commissions, and available instruments makes it difficult to assess the true cost of trading.
Regulatory Status
SCALA is not listed as a regulated entity on any major financial regulator's register. While the company is incorporated in the United Kingdom, incorporation does not equate to regulatory authorisation. Trading with an unregulated broker carries inherent risks, including limited recourse in the event of disputes or financial loss.
FXCanary's Scam Risk Score of 45/100 (Guarded) reflects the lack of regulation and transparency. Traders are advised to exercise caution and conduct thorough due diligence before engaging with this broker.
Target Audience
Given the high minimum deposits and high leverage, SCALA appears to target traders with substantial capital who are comfortable with significant risk. The broker's lack of regulatory oversight may appeal to those seeking flexibility, but it also means there is no external oversight of the broker's operations.
The absence of a demo account or educational resources in the known information suggests that SCALA is not specifically designed for beginners. Experienced traders who prioritise high leverage might consider this broker, but the risks should not be underestimated.
Overview compiled by FXCanary from regulatory records and public data. full SCALA review