{"id":16556,"date":"2019-04-17T20:04:13","date_gmt":"2019-04-18T03:04:13","guid":{"rendered":"https:\/\/www.tradingheroes.com\/?p=16556"},"modified":"2024-03-31T19:14:45","modified_gmt":"2024-04-01T02:14:45","slug":"arif-ahmad-scmforex","status":"publish","type":"post","link":"https:\/\/www.tradingheroes.com\/arif-ahmad-scmforex\/","title":{"rendered":"Behind the Scenes Look at Starting an ECN Forex Broker in Sweden with Arif Alexander Ahmad \/\/ EP29"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/5oXs-nva3D8\" width=\"840\" height=\"450\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><div class=\"post-aff-notice\">When you buy something through one of the links on our site, we may earn an affiliate commission.<\/div><\/p>\n<p>Running a Forex brokerage is a really tough business.<\/p>\n<p>Oh the stories I've heard&#8230;.<\/p>\n<p>So why would anyone want to start one?<\/p>\n<p>In this episode, I sat down with Arif Ahmad, co-founder of <a href=\"https:\/\/www.tradingheroes.com\/b\/scandicapitalmarkets\" target=\"_blank\" rel=\"noopener noreferrer\">Scandinavian Capital Markets<\/a> (SCM), a ECN broker in Stockholm Sweden. As it turns out, Arif had good reasons to get into the brokerage business.<\/p>\n<p>As money managers, they were tired of getting pushed around by shady FX brokers. They figured that they only way to get good service was to provide it themselves.<\/p>\n<p><em>That is how SCM was born.\u00a0<\/em><\/p>\n<p>They are based in Stockholm, Sweden and as it turns out, there are several advantages to having a brokerage there. With many countries reducing Forex trading leverage to 30:1 or lower, it is becoming harder to find brokers that will support more highly leveraged trading.<\/p>\n<p>Obviously, leverage is a double-edged sword and <em>not<\/em> for the beginner. But I personally believe that traders should still have the option to be able to access higher leverage.<\/p>\n<p><strong>Having a broker in Sweden gives traders the advantage of still being able to access 100:1 leverage, in a country with a stable banking environment and a reasonable amount of regulation.<\/strong><\/p>\n<p>The alternative is usually to go to places that are havens for dodgy offshore brokers like Cyprus or Malta, which are like the Wild West, when it comes to regulation.<\/p>\n<p>As I've mentioned before, the best broker for you will depend on where you live, how you trade and what you value in a broker. So always do your own due diligence when choosing a broker.<\/p>\n<p>Even if you aren't looking for a new broker, this interview is an inspiring look at the entrepreneurial journey of two guys who saw an opportunity to create a better product and are working hard to make that happen.<\/p>\n<p>I hope you enjoy listening to this interview as much as I enjoyed doing it.<\/p>\n<p><strong>Note:<\/strong> Since they are based outside of the US, they cannot accept US clients&#8230;per US laws.<\/p>\n<h2>In This Episode<\/h2>\n<ul>\n<li>How Arif got screwed over by <a href=\"https:\/\/www.tradingheroes.com\/choose-best-forex-broker\/\">Forex brokers<\/a> as a money manager<\/li>\n<li>Why Sweden is a great place to have a Forex brokerage<\/li>\n<li>What led to the formation of <a href=\"https:\/\/www.tradingheroes.com\/b\/scandicapitalmarkets\" target=\"_blank\" rel=\"noopener noreferrer\">Scandinavian Capital Markets<\/a> (SCM)<\/li>\n<li>The cultural changes that SCM wants to create in the Forex world<\/li>\n<li>And more!<\/li>\n<\/ul>\n<h2>Click Play to Listen to the Interview<\/h2>\n<div style=\"text-align: left;\" align=\"center\">[powerpress]<\/div>\n<h2>Resources Mentioned<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.tradingheroes.com\/b\/scandicapitalmarkets\" target=\"_blank\" rel=\"noopener noreferrer\">Scandinavian Capital Markets<\/a><\/li>\n<li><a href=\"https:\/\/en.wikipedia.org\/wiki\/Valhalla\" target=\"_blank\" rel=\"noopener noreferrer\">Valhalla<\/a><\/li>\n<li><a href=\"https:\/\/www.tradingheroes.com\/b\/scandicapitalmarkets\" target=\"_blank\" rel=\"noopener noreferrer\">Book a meeting<\/a> with Arif or someone on the SCM team<\/li>\n<\/ul>\n<h2>Other Ways To Get The Trading Lifestyle Podcast<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.tradingheroes.com\/itunes\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to subscribe via iTunes<\/a>\u00a0(if you like it, a five-star review is greatly appreciated)<\/li>\n<li><a href=\"https:\/\/www.tradingheroes.com\/podcast_rss\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to subscribe via RSS<\/a>\u00a0(non-iTunes feed)<\/li>\n<li><a href=\"https:\/\/s3.amazonaws.com\/th-podcast\/TTL030.mp3\" target=\"_blank\" rel=\"noopener noreferrer\">Right-click here and \u201cSave As\u201d to download the MP3<\/a><\/li>\n<li><a href=\"https:\/\/www.tradingheroes.com\/category\/podcast\/\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to hear all of the other podcast episodes<\/a><\/li>\n<\/ul>\n<h2>Thanks for Listening!<\/h2>\n<p>I really appreciate you joining me for this episode of the podcast. If you have any feedback on this episode, please be sure to leave a comment below.<\/p>\n<p>If you know of a trader who would benefit from any of the information in this post, feel free to share it with them. Be sure to subscribe to the show on <a href=\"https:\/\/www.tradingheroes.com\/itunes\" target=\"_blank\" rel=\"noopener noreferrer\">iTunes<\/a>\u00a0and if you love it, a 5-star review is greatly appreciated!<\/p>\n<p>I also want to thank Arif and Michael for flying me out to Stockholm, putting me up at a great hotel and showing me the beautiful city of Stockholm. If you have never been to this beautiful city, I would recommend you put it on your <a href=\"https:\/\/www.tradingheroes.com\/the-heroic-list\/\">Heroic List<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this episode, I sit down with Arif Ahmad and find out why he and his co-founder decided to start a Forex broker in Sweden. Learn the advantages to having a broker in Sweden and the cultural changes that they are trying to make in the Forex world. <\/p>\n","protected":false},"author":2022,"featured_media":16557,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[610],"tags":[736],"class_list":["post-16556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcast","tag-forex-brokers","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Behind the Scenes Look at Starting an ECN Forex Broker in Sweden with Arif Alexander Ahmad \/\/ EP29 - Trading Heroes<\/title>\n<meta name=\"description\" content=\"In this episode of the podcast, I sit down with Arif Ahmad, co-founder of Scandinavian Capital Markets, to learn how they built their brokerage business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradingheroes.com\/arif-ahmad-scmforex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Behind the Scenes Look at Starting an ECN Forex Broker in Sweden with Arif Alexander Ahmad \/\/ EP29 - Trading Heroes\" \/>\n<meta property=\"og:description\" content=\"In this episode of the podcast, I sit down with Arif Ahmad, co-founder of Scandinavian Capital Markets, to learn how they built their brokerage business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradingheroes.com\/arif-ahmad-scmforex\/\" \/>\n<meta property=\"og:site_name\" content=\"Trading Heroes\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/tradingheroes\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-18T03:04:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-01T02:14:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tradingheroes.com\/wp-content\/uploads\/scm.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hugh Kimura\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@tradingheroes\" \/>\n<meta name=\"twitter:site\" content=\"@tradingheroes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Behind the Scenes Look at Starting an ECN Forex Broker in Sweden with Arif Alexander Ahmad \/\/ EP29 - 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