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Company Name
Scope Markets
Company Abbreviation
Scope Markets
Platform registered country and region
Belize
Company website
X
Company summary
Pyramid scheme complaint
Expose
| Scope MarketsReview Summary | |
| Founded | 2020 |
| Registered Country/Region | Belize |
| Regulation | FSC (Suspicious Clone ) |
| Market Instruments | Forex, Metals, Indices, Energies, Shares, Fractional Stocks, Futures, Commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | 0.9 pips (One Account) |
| Trading Platform | Iress, MT4, MT5 |
| Minimum Deposit | $10 |
| Customer Support | Phone: +44 20 3051 6959 |
| Email: support@scopemarkets.com | |
| Social Media: X, LinkedIn, Facebook, YouTube, Instagram | |
| Address: 6160, Park Avenue, Buttonwood Bay, Lower Flat Office Space Front, Belize City, Belize | |
Scope Markets Information
Scope Markets was registered and established in Belize in 2020. It supports traders in trading various types of instruments such as foreign exchange, indices, commodities, energy, etc. There are also 4 types of accounts and 3 trading platforms. As of now, although Scope Markets, as an online trader, is regulated, its regulatory status has been determined as suspected cloning and is in an abnormal state.
Pros and Cons
| Pros | Cons |
| Support demo accounts | Abnormal regulatory state |
| Demo account available | Commission charged |
| Various trading products | |
| Low minimum deposit | |
| Four types of accounts | |
| Support MT4/5 | |
| 16 types of payment options | |
| No deposit and withdrawal fee |
Is Scope Markets Legit?
| Regulated Authority | Regulatory Status | Regulated Country/Region | Regulated Entity | License Type | License Number |
| Financial Services Commission (FSC) | Suspicious Clone | Belize | SCOPE MARKETS LTD. | Retail Forex License | 000274/57 |
| Financial Services Commission (FSC) | Suspicious Clone | Belize | SCOPE MARKETS LTD. | Common Financial Service License | 000274/58 |
What Can I Trade on Scope Markets?
The tradable instruments of Scope Markets include Forex, reaching more than 70 currency pairs. Metals, such as gold and silver; Indices trade industry indices such as NAS100 and WS30, as well as trade economic indices like SP500 and DAX40. Energies can trade US crude oil, UK Brent and natural gas, etc. In addition, it also offers stocks from all popular markets such as Spain, France, the United Kingdom, Germany, etc. Commodities include traded wheat, sugar, coffee and more soft commodities. In addition, there are fractional stocks and futures available for trading.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Energies | ✔ |
| Shares | ✔ |
| Fractional Stocks | ✔ |
| Futures | ✔ |
| Commodities | ✔ |
| Bonds | ❌ |
| ETFs | ❌ |
Account Types
Scope Markets has four types of accounts: One Account, Islamic Account, Scope Invest and Scope Elite. Among them, the minimum deposit requirement is $10. And the maximum leverage reaches 1:1000.
| Account Types | One Account | Islamic Account | Scope Invest | Scope Elite |
| Minimum Deposit | $10 | $10 | $10 | $20,000 |
| Maximum Leverage | Up to 1:1000 | Up to 1:1000 | 1:1 | Up to 1:1000 |
| Average Spreads | 0.9 pips | 0.9 pips | 0.1 pips | 0.0 pips |
| Commission | $5 | $5 | 0% | $3.50 |
| Account Currency Offered | USD, EUR, GBP, AED | USD, EUR, GBP, AED | USD, EUR, GBP, AED | USD, EUR, GBP, AED |
Leverage
The leverage of trading instruments varies. Among them, the maximum can reach 1:1000. The smallest is 1:10.
| Financial Instruments | Maximum Leverage |
| Forex Majors | 1:1000 |
| Forex Majors Cross | 1:500 |
| Forex Minors/Exotics | 1:50 |
| Metals - Gold | 1:1000 |
| Metals - Silver | 1:500 |
| Indices Major | 1:1000 |
| Indices Minor | 1:100 |
| Spot Energies | 1:500 |
| Shares | 1:10 |
| Soft Commodities | 1:10 |
| Futures | 1:500 |
Scope Markets Fees
The spread range provided by the four types of accounts is from 0.0 pips to 0.9 pips. The commission ranges from 0 to $3.5.
Trading Platform
Scope Markets has three trading platforms, namely MT4,MT5 and Iress. Traders can use it respectively on the desktop, mobile and web terminals.
| Trading Platform | Supported | Available Devices | Suitable for |
| Iress | ✔ | / | / |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
Deposit and Withdrawal
Scope Markets lists 16 payment methods, such as International Bank Transfer, Visa, Mastercard,Neteller, and Skrill. For more details, you can refer to:
| Payment Method | Deposit Processing Time | Withdrawal Processing Time | Deposit Fee | Withdrawal Fee | Minimum Deposit | Minimum Withdrawal | Supported Currency |
| International Bank Transfer | 3-5 days | 3-5 days | $0 | $0 | $50 | $50 | All currencies |
| Visa | Instant | 3-5 days | $0 | $0 | $10 | $50 | USD |
| Mastercard | Instant | 3-5 days | $0 | $0 | $10 | $50 | USD |
| Neteller | Instant | Instant | $0 | $0 | $10 | $50 | All currencies |
| Skrill | Instant | Instant | $0 | $0 | $10 | $50 | All currencies |
| Local Bank Transfer | 0-8 hours | 0-8 hours | $0 | $0 | $10 | $50 | VND, MYR, IDR, THB |
| VietQR | 0-8 hours | Not applicable | $0 | Not applicable | $20 | Not applicable | VND |
| MoMo | 0-8 hours | Not applicable | $0 | Not applicable | $10 | Not applicable | VND |
| Zalo Pay | 0-8 hours | Not applicable | $0 | Not applicable | $10 | Not applicable | VND |
| CUP | 0-8 hours | 0-8 hours | $0 | $0 | $200 | Not applicable | CNY |
| DC/EP | 0-8 hours | Not applicable | $0 | Not applicable | $50 | Not applicable | CNY |
| Alipay | 0-8 hours | Not applicable | $0 | Not applicable | $50 | Not applicable | CNY |
| THB QR Code | 0-8 hours | Not applicable | $0 | $0 | $10 | $50 | THB |
| MYR QR Code | 0-8 hours | Not applicable | $0 | $0 | $110 | $50 | MYR |
| MYR FPX | 0-8 hours | Not applicable | $0 | $0 | $10 | $50 | MYR |
| VND QR Code | 0-8 hours | Not applicable | $0 | $0 | $10 | $50 | VND |
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