SCM

SCM is a forex and CFD broker registered in the United Kingdom (UK) as of 30 October 2020. Its official domain is scmarkets.capital. The broker targets retail traders seeking access to global financial markets.

Despite its UK registration, SCM operates under an offshore license from the Vanuatu Financial Services Commission (VFSC), categorised as a Forex Trading License (EP). This regulatory framework places the broker outside the jurisdiction of major financial authorities such as the FCA or CySEC.

SCM is regulated by the Vanuatu Financial Services Commission (VFSC) under a Forex Trading License (EP). The VFSC is a relatively light-touch regulator compared to Tier-1 authorities, and it does not mandate strict capital requirements or client fund segregation equivalent to EU or UK standards.

Traders should note that offshore regulation can limit recourse in the event of disputes. Our cross-check of the VFSC register confirmed an active license, but the absence of any major-tier oversight is a factor to weigh when considering this broker.

FXCanary's proprietary scam risk score for SCM is 41 out of 100, placing it in the 'Guarded' category. This score reflects the limited regulatory oversight from the VFSC and the lack of publicly available independent user reviews or third-party audits.

The score also accounts for the broker's relatively short operational history (founded in 2020). While no specific red flags have been identified, the guarded rating suggests that traders should approach with caution and conduct their own due diligence.

Based on the limited public information available, SCM appears to offer forex and CFD trading across a range of asset classes. The broker likely provides a standard suite of instruments including major, minor, and exotic currency pairs, indices, commodities, and possibly cryptocurrencies.

No detailed information about account types, platforms, or spreads is publicly available from independent sources. The broker's official website may contain further details, but we were unable to verify its current content through our web search.

SCM appears to target retail traders, particularly those comfortable with offshore regulation. The broker may appeal to traders seeking lower capital requirements or flexible leverage options often associated with Vanuatu-licensed entities.

However, given the guarded risk score and absence of verified user feedback, SCM is not typically suitable for risk-averse traders or those who prioritise strict regulatory protection. Traders from jurisdictions with strong consumer protections should exercise additional caution.

SCM is registered in the United Kingdom, but its operational base for the VFSC license is in Vanuatu. The broker maintains a Facebook presence, though we could not confirm other social media channels.

The company was founded on 30 October 2020, making it relatively new in the brokerage industry. The limited digital footprint and absence of detailed public filings contribute to the guarded risk assessment.