Home Forex Brokers SM Capital Markets

SM Capital Markets

4.1 / 10 Overall Score

Website: https://smcapitalmk.com
Jurisdiction: United Kingdom
Operating Since: 1-2 years
Regulatory Status: N/A

Score Breakdown

License
Regulation
Business
Risk Control
Software

Company & Contact

Legal Name: SM Capital Markets
Phone: —
Email: —
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License Info: —

In-Depth Broker Review

What’s inside: Company overview, account types, and deposit & withdrawal guidance.

Company Profile
Account Types
Deposit & Withdrawal

Broker Details

# SM Capital Markets Company

## Company Overview

SM Capital Markets company is a regulated financial brokerage firm based in Cyprus, primarily engaged in providing investment services and trading solutions across various financial instruments, including forex, indices, futures, commodities, metals, shares, and cryptocurrencies. The company operates under the brand names Scope Markets and Scope Prime.

Founded on November 2, 2017, SM Capital Markets Ltd was previously known as ABC 123 (Cy) Limited. The firm is registered under the company registration number HE 346068 and is headquartered at 23 Spyrou Kyprianou Avenue, Floor 4, 3070 Limassol, Cyprus. The company is recognized for its commitment to delivering a comprehensive trading experience to its clients.

## Corporate Development

Since its establishment, SM Capital Markets has focused on expanding its service offerings and enhancing its technological infrastructure. The firm has undergone significant rebranding, transitioning from ABC 123 (Cy) Limited to SM Capital Markets Ltd in 2017, aligning its identity with its operational focus on investment services. This rebranding has enabled the company to position itself more effectively within the competitive financial services market.

## Corporate Structure and Subsidiaries

SM Capital Markets operates as a standalone entity without publicly disclosed subsidiaries. The company is structured to facilitate various operational functions, including trading, client services, and compliance. The internal organization comprises key departments responsible for managing trading operations, customer support, and regulatory compliance.

## Regulation and Compliance

SM Capital Markets is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), holding license number 339/17. The firm adheres to the regulatory framework established under the Markets in Financial Instruments Directive II (MiFID II), which governs its investment services and activities.

Client funds are protected through segregation policies, ensuring that client assets are kept separate from the company’s operational funds. This practice enhances the security of client investments and supports compliance with regulatory requirements. SM Capital Markets is authorized to operate across various EU member states, with a commitment to maintaining transparency and compliance with local regulations.

## Global Presence and Market Coverage

The company serves a diverse client base across multiple geographic markets, primarily focusing on the European Union. SM Capital Markets extends its services to customers in countries outside the EU, provided that it complies with the regulatory frameworks of those jurisdictions. The firm operates online, allowing it to reach a global audience without the need for physical branches in every market.

## Financial and Operational Data

While specific financial data regarding SM Capital Markets' operations is not publicly disclosed, the company is known to offer competitive trading conditions and a range of services to its clients. The firm invests in technology and infrastructure to enhance its trading platforms, which include the widely used MetaTrader 5 (MT5) and its proprietary Scope Trader platform.

## Reputation and Industry Standing

SM Capital Markets is generally perceived as a reliable and trustworthy broker within the financial community, largely due to its regulatory compliance and commitment to client service. The firm has received positive reviews from customers and industry analysts, reflecting its operational integrity and dedication to providing quality trading experiences. However, it is important for potential clients to conduct their own research and consider the inherent risks associated with trading.

## Summary

In summary, SM Capital Markets company is a regulated financial brokerage firm based in Cyprus, offering a wide range of investment services across various asset classes. With its regulatory backing from CySEC and a commitment to client fund protection, SM Capital Markets has established itself as a credible player in the financial services market. The firm's operational integrity and market presence are supported by its adherence to compliance standards and focus on delivering quality trading solutions to its clients.

Account Types

# SM Capital Markets Account Types

SM Capital Markets offers two primary account types for traders, along with a demo account for practice. Here are the details:

| Account Type | Minimum Deposit | Spreads | Leverage | Trading Instruments | Base Currencies | Execution Model | Unique Features |
|--------------|------------------|---------|----------|---------------------|------------------|------------------|------------------|
| One Account  | $200             | From 0.6 pips | 1:30     | Forex, indices, futures, spot energies, metals, shares, cryptocurrencies | Various (not specified) | STP | Suitable for beginners, access to various trading instruments |
| Plus Account | $10,000         | From 0.7 pips | 1:30     | Forex, indices, futures, spot energies, metals, shares, cryptocurrencies | Various (not specified) | STP | Enhanced trading conditions, personalized support |

### Demo Account
- A demo account is available for traders to practice trading strategies without risking real money. It is funded with virtual funds and provides a risk-free environment to familiarize oneself with the platform.

# SM Capital Markets Broker Account Opening Process

To open an account with SM Capital Markets, follow these steps:

1. **Visit the Registration Page**: Go to the SM Capital Markets website and navigate to the account registration section.
   
2. **Fill Out the Application**: Provide personal details such as your name, email address, phone number, and secure password.

3. **Complete KYC Verification**: Upload a government-issued ID and a proof of address document (like a utility bill or bank statement) to verify your identity.

4. **Link a Bank Account**: To fund your account, link a bank account by providing your bank's routing number and your account number.

5. **Deposit Funds**: Transfer funds to your SM Capital Markets account using the linked bank account or through credit/debit card options.

6. **Account Approval**: Once your documents are verified and your initial deposit is made, your account will be activated, typically within a short time frame.

7. **Access Trading Platforms**: After approval, you can access the trading platforms offered by SM Capital Markets, including MT5 and Scope Trader.

8. **Optional Demo Account**: If desired, you can also open a demo account to practice trading strategies before committing real funds.

Deposit & Withdrawal

# SM Capital Markets Deposit & Withdrawal Guide 2025: Methods, Limits, and Processing Times Explained

## SM Capital Markets Minimum Deposit Explained

### Exact Minimum Deposit Amount
The minimum deposit requirement to open an account with SM Capital Markets is **$200** for the One Account type and **$10,000** for the Plus Account type.

### Account-Type Comparison
- **One Account**: Minimum deposit of $200. Suitable for beginners.
- **Plus Account**: Minimum deposit of $10,000. Designed for more experienced traders with larger capital.

### Regional Differences
While the minimum deposit amounts are generally consistent, regional regulations may affect the availability of certain account types or deposit methods. However, specific regional variations in the minimum deposit requirements are not clearly outlined.

### Advantages
1. **Regulated Broker**: SM Capital Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC), providing a level of safety for traders.
2. **Multiple Account Types**: Offers flexibility for different trading styles and capital levels.
3. **Demo Account Availability**: New traders can practice without risking real money.
4. **No Commission Fees**: Trading without additional commission fees can lower overall costs.

### Disadvantages
1. **High Minimum Deposit for Plus Account**: The $10,000 requirement may deter novice traders.
2. **Limited Payment Options**: Fewer deposit methods compared to some competitors.
3. **Withdrawal Issues Reported**: Some users have reported difficulties in withdrawing funds.
4. **Lack of Transparency**: Limited information on deposit and withdrawal processes may create confusion.

### Competitor Comparison
- **eToro**: Minimum deposit starts at $50, offering a more accessible entry point for new traders.
- **IC Markets**: Minimum deposit of $200 but offers more diverse payment options.
- **Plus500**: Minimum deposit of $100, with a user-friendly interface and a wide range of assets.

## SM Capital Markets Deposit Methods Comprehensive Guide

### Available Deposit Methods

1. **Bank Transfer**
   - **Processing Time**: 3-5 working days
   - **Fees**: Free
   - **Availability**: Global
   - **Limits**: Minimum deposit of $200; unlimited maximum.
   - **Pros**: Secure and widely accepted.
   - **Cons**: Longer processing time.

2. **Credit/Debit Cards (Visa, MasterCard)**
   - **Processing Time**: Usually within 10 minutes
   - **Fees**: Free
   - **Availability**: Global
   - **Limits**: Minimum deposit of $200; maximum of $10,000 per transaction.
   - **Pros**: Quick transactions; convenient for users.
   - **Cons**: Limited maximum deposit amount.

3. **E-Wallets (Nuvei, formerly SafeCharge)**
   - **Processing Time**: Usually within 10 minutes
   - **Fees**: Free
   - **Availability**: Global
   - **Limits**: Minimum deposit of $200; maximum of $10,000 per transaction.
   - **Pros**: Fast and easy access to funds.
   - **Cons**: May not be available in all regions.

### Supported Currencies and Recommended Methods
SM Capital Markets supports multiple currencies, including USD, EUR, and GBP. For the fastest processing times, credit/debit cards and e-wallets are recommended.

## SM Capital Markets Deposit Steps Explained

### Step-by-Step Deposit Procedure
1. **Log in to Your Account**: Access your SM Capital Markets account.
2. **Navigate to the Deposit Section**: Click on the 'Deposit' option in your account dashboard.
3. **Select Your Deposit Method**: Choose your preferred deposit method (bank transfer, card, or e-wallet).
4. **Enter Deposit Amount**: Specify the amount you wish to deposit, ensuring it meets the minimum requirement.
5. **Confirm and Submit**: Review your deposit details and confirm the transaction.

### Mobile vs. Web Differences
The deposit process is similar on both mobile and web platforms, though the mobile interface may be more streamlined for quick transactions.

### KYC Notes and Common Issues with Solutions
- **KYC Verification**: Ensure you complete the Know Your Customer (KYC) verification by submitting necessary documents.
- **Common Issues**: Delays in processing may occur due to incomplete KYC documentation. Ensure all documents are submitted correctly to avoid issues.

### Typical Fund Crediting Times
Deposits via credit/debit cards and e-wallets are credited almost instantly, while bank transfers may take 3-5 working days.

## SM Capital Markets Withdrawal Methods Overview

### Available Withdrawal Channels

1. **Bank Transfer**
   - **Processing Time**: 3-5 working days
   - **Fees**: Free
   - **Limits**: Minimum withdrawal of $100; unlimited maximum.
   - **Pros**: Secure and reliable.
   - **Cons**: Longer processing time.

2. **Credit/Debit Cards**
   - **Processing Time**: 3-5 working days
   - **Fees**: Free
   - **Limits**: Withdrawals will be returned to the same card used for deposits, up to the amount deposited.
   - **Pros**: Convenient for users.
   - **Cons**: May not be available for all withdrawal requests.

3. **E-Wallets**
   - **Processing Time**: 3-5 working days
   - **Fees**: Free
   - **Limits**: Minimum withdrawal of $50; unlimited maximum.
   - **Pros**: Fast processing time.
   - **Cons**: Not all e-wallets may be supported.

### Recommended Options by Cost and Speed
For the fastest and most cost-effective withdrawals, e-wallets are recommended, followed by credit/debit cards.

## SM Capital Markets Withdrawal Steps Explained

### Step-by-Step Withdrawal Instructions
1. **Log in to Your Account**: Access your SM Capital Markets account.
2. **Navigate to the Withdrawal Section**: Click on the 'Withdrawal' option in your account dashboard.
3. **Choose Your Withdrawal Method**: Select the method you used for depositing.
4. **Enter Withdrawal Amount**: Specify the amount you wish to withdraw, ensuring it meets the minimum requirement.
5. **Confirm and Submit**: Review your withdrawal details and confirm the transaction.

### ID Verification Requirements
Withdrawal requests may require additional verification, including ID verification. Ensure you have submitted all necessary documents during the KYC process.

### Expected Fund Arrival Time
Funds are typically credited within 3-5 working days, depending on the withdrawal method selected.

### Typical Delay Reasons and Fixes
Delays may occur due to incomplete verification or issues with the selected payment method. Ensure all documentation is up-to-date and complete to avoid delays.

## FAQs – SM Capital Markets Deposits & Withdrawals

**What is the minimum deposit for SM Capital Markets?**  
The minimum deposit is $200 for the One Account and $10,000 for the Plus Account.

**How long do withdrawals take?**  
Withdrawals typically take 3-5 working days to process.

**Are there fees for deposits or withdrawals?**  
No, SM Capital Markets does not charge fees for deposits or withdrawals.

**Can the same method be used for both?**  
Yes, the same method used for deposits can usually be used for withdrawals.

**Are crypto or local methods supported?**  
Currently, SM Capital Markets does not support cryptocurrency deposits or local payment methods.

Disclaimer: This card is for informational purposes only and does not constitute investment advice. Always verify details with official disclosures and regulators.

SM Capital Markets

SM Capital Markets

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