Scope Markets is a Straight-Through Processing (STP) broker offering an array of assets including forex, metals, energies, indices, and shares across diverse platforms like MT4, MT5, and Scope Trader. With zero commissions and high leverage of up to 1:2000, it caters to traders of all levels in numerous countries worldwide. It also stands out for its crypto deposits and withdrawals feature and the provision of Islamic accounts.
* Scope Markets does not accept nor safekeep any cryptocurrency assets. The provision of such a service is not being directly provided by Scope Markets, but through licensed third parties.
Pros and Cons
Pros
- Zero commissions
- Up to 1:2000 leverage
- Varied choice of platforms
- Crypto Deposits and Withdrawals
- Islamic Accounts
Cons
- Only one account type
- Low leverage for shares
Recommended For
With its zero commission trading, extensive asset catalog, and a leverage ratio as high as 1:2000, Scope Markets is an attractive option for traders of all levels. Thanks to its user-friendly interfaces MT4&MT5 and Scope Trader, both available on Android and iOS platforms, it comfortably caters to the needs of tech-savvy traders on-the-go. Its single account type offering might limit its appeal to some experienced traders seeking differentiated features. However, the inclusion of an Islamic account broadens its appeal in Muslim-majority regions. Furthermore, the broker’s comprehensive educational tools make it an apt choice for beginners seeking to navigate the financial markets. Lastly, it is worth noting that due to regulatory restrictions, Scope Markets does not accept clients from several countries, including the United States.
Regulated By
- Financial Services Commission (Belize)
Top Features
- Fast Order Execution: Scope Markets offers high execution speed which is vital for securing their intended trades in volatile markets.
- Availability of Trading Assets and Platforms: Scope Markets offers a diverse range of options for traders and investors alike.
- Educational Tools and Support: For traders seeking educational resources to enhance their skill set, Scope Markets offers a variety of tools. Clients gain access to free weekly webinars and seminars (where available), as well as educational materials that facilitate learning at their own pace.
- Competitive Spreads and No Hidden Charges: Scope Markets allows you to trade without worrying about additional costs eating into your profits.
Overview
- Type of Broker Financial Services Provider (FSP)
- Regulation & Licensing Financial Services Commission (FSC) Belize
- Clients Accepted from Nigeria, Mexico, Vietnam, Turkey, UAE
- Assets Offered Forex, Metals, Energies, Indices, Shares
- Platforms Available MT4&MT5 (web and app), Scope Trader (web and app)
- Mobile Compatibility iOS, Android
- Payment Types Accepted Skrill, Wire transfer, VISA, Mastercard, USDC, Ethereum, USDT, Bitcoin
Account Types
|
|
Standard Account |
|
Account Currencies |
USD, EUR, GBP |
|
Available Leverage |
1:2000 |
|
Commission Per Trade |
0% |
|
Decimal Pricing |
Up to 5 |
|
Trading Instruments |
Forex, Metals, Energies, Indices, Shares |
|
Min. Lot Size Per Trade |
0.01 |
|
Spreads |
From 0.9 pips |
|
Demo Account |
Yes |
|
Swap/Rollover Fee |
Yes |
|
Copy Trading Support |
No |
Trading Platforms
- MetaTrader4 (MT4)
- MetaTrader5 (MT5)
- Scope Trader
Trading and Investment Tools
- One Click Trading Yes
- Trade off Charts Yes
- Email Alerts Yes
- Mobile Alerts Yes
- Stop Order Yes
- Market Order Yes
- Trailing Stop Order Yes
- OCO Orders Yes
- Limit Order Yes
- 24hr Trading Yes
- Charting Package Yes
- Streaming News Feed No
Compliance & Regulation
One of the crucial factors that investors consider when choosing a broker is regulatory oversight. Scope Markets Ltd (hereinafter, Scope Markets) operates under the regulatory framework provided by the Financial Services Commission (FSC) in Belize. This regulatory body is responsible for ensuring fair practices and protecting the interests of traders using the platform. With its incorporation of regulatory guidelines, Scope Markets demonstrates its commitment to maintaining industry standards and providing a secure trading environment.
Fees & Commissions
- Rollover Fee Yes
Pricing
When it comes to pricing, Scope Markets positions itself competitively in the market. Offering tight spreads from as low as 0.9 pips, the broker aims to provide traders with cost-effective trading opportunities. Scope Markets ensures transparent pricing without any hidden charges. By offering competitive pricing in combination with its wide range of tradable assets, Scope Markets appeals to traders seeking value for their investments.
Service Details
- Supported Languages English, Vietnamese, Arabic, Spanish, German
- Customer Service By Email, Chat, Phone
- Customer Service Hours 24/5
- Email Response Time 24 hours
- Telephone Orders No
- Personal Account Manager Yes
Reliability & Security
Reliability and security are paramount in the online trading industry. Scope Markets addresses these concerns by implementing various measures to safeguard user interests. The broker offers negative balance protection, so that clients’ losses do not exceed their account balances in volatile market conditions. ‘However, CFDs and FX are high risk products and losses may exceed initial investment. Additionally, the use of SSL encryption technology ensures secure communication between the user’s device and the platform’s servers.
User Experience
Navigating Scope Markets’ website is a breeze, thanks to its intuitive and user-friendly design. The broker offers excellent customer service, responsive via email, chat, and phone within a 24-hour time frame. The account opening process is straightforward with a minimum deposit of a mere $50, making it accessible to most traders. Furthermore, the choice between MT4&MT5 or Scope Trader platforms – all compatible with Android and iOS – assures an efficient and convenient trading experience.
Final Thoughts
Scope Markets stands out with its commitment to providing a user-friendly website experience and prompt customer support across multiple channels. The choice of platforms offered by Scope Markets includes the highly regarded MT4 and MT5 applications. While Scope Markets offers an impressive range of trading assets, including forex, metals, energies, indices, and shares, it is worth noting that users from some regions such as the U.S. and several European countries are restricted from using the platform. In conclusion, Scope Markets positions itself as a competitive online broker, offering zero commissions, high leverage options, and a wide choice of trading platforms. Their commitment to user experience and customer support is commendable, making them an attractive choice for traders of all experience levels.
Trading Platform Screenshots
Contact Info
6160, Park Avenue, Buttonwood Bay, Lower Flat Office Space Front, Belize City, Belize
FAQs
Q: What is the minimum initial deposit required by Scope Markets?
A: The minimum initial deposit required to open an account with Scope Markets is $50.
Q: What leverage is offered by Scope Markets?
A: Scope Markets offers up to 2000:1.
Q: What Trading Platforms are available by Scope Markets?
A: Trading Platforms that are available by Scope Markets are: MT5, MT4, and Scope Trader.
Q: Does Scope Markets has any fees for deposits?
A: Scope Markets does not charge any fees on deposits except for Bank Transfers where you may be charged fees from your bank. The sending and correspondent bank may charge according to their own fee structure.
Scope Markets Ltd is a company registered under Belize with Registration Number 145,138. Scope Markets Ltd is authorized and regulated by the Financial Services Commission of Belize (“FSC”) under the license numbers 000274/325 and 000274/324. The registered address of Scope Markets Ltd is, 6160, Park Avenue, Buttonwood Bay, Lower Flat Office Space Front, Belize City, Belize.
Please note that forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors. Trading in financial instruments may result in losses as well as profits and your losses can be greater than your initial invested capital. Before undertaking any such transactions, you should ensure that you fully understand the risks involved and seek independent advice if necessary.
App Store
Google Play