Scope Markets

Overview of Scope Markets

Established in 2014 and regulated in multiple jurisdictions, Scope Markets is a part of the Rostro Group, a leading fintech and financial services provider. Scope Markets provides access to over 40,000 financial instruments, including equities, forex, commodities, and indices through popular powerful trading platforms like MT4, MT5.

Scope Markets claims that it empowers clients to participate in global financial markets with its innovation and technology.

Pros and Cons

Is Scope Markets Legit?

Scope Markets operates with multi-jurisdictional regulatory credentials, holding valid trading licenses from three authoritative authorities. It is regulated by Belize FSC (1943611), Seychelles FSA (SD079) and South Africa FSCA (47025, effective from 2016), covering securities and derivatives trading services. Operating via compliant independent entities, the platform delivers standardized, secure STP and market-making trading services to global clients.

Market Instruments

Scope Markets offers a unique investment platform that empowers individuals to invest in fractional shares of their favorite companies. In addition, it offers a wide range of trading products, including Forex CFDs, Index CFDs, Energy CFDs, Metal CFDs, Share CFDs, Commodity CFDs, Fractional Shares, and Futures CFDs.

Account Types

Classic Account

Designed for traders of all experience levels, the Classic Account offers a highly accessible entry point into the markets with all-inclusive pricing and no hidden commissions. Operating on the MetaTrader 5 platform with USD as the account currency, it requires an accessible minimum deposit starting from $100. Traders can take advantage of flexible leverage options reaching up to 1:3000, while risk is managed via a 30% stop-out level. Swap-free options are also available for this account type.

Cent Account

Perfectly suited for beginners and algorithmic strategy testing, the Cent Account utilises a cent-based balance to significantly reduce market risk exposure per trade. Like the other tiers, it features no hidden commissions and operates natively in USD on MetaTrader 5. It features the lowest barrier to entry with a minimum deposit starting from just $10. Despite the smaller trade sizes, it still offers dynamic trading power with maximum leverage up to 1:3000 and features a lower stop-out level of 20%.

Pro Account

Engineered specifically for experienced traders demanding institutional-grade execution, the Pro Account introduces ultra-tight spreads through a raw pricing model. Built on MetaTrader 5 with a USD base currency, this premium tier requires a minimum deposit starting from $500. It grants seasoned professionals maximum capital efficiency with leverage up to 1:3000 and a 30% stop-out level. In addition to premium execution conditions, Pro account holders benefit from dedicated, personalised support via a dedicated account manager, alongside available swap-free options.

Scope Invest

The Scope Invest account offered by Scope Markets is built for clients who prefer a more investment-oriented approach rather than active trading. It focuses on access to investment strategies or managed-style trading solutions, allowing users to participate in the markets through curated portfolios or copy-based trading approaches, depending on availability. This account type is designed to provide a more hands-off experience while still giving exposure to a diversified range of global financial instruments via the MetaTrader 5 ecosystem.

Scope Markets also offers a demo account option for traders. This allows individuals to practice and familiarize themselves with the trading platform and its features without using real money.

How to Open an Account?

To open an account with Scope Markets, follow these steps:

1. Click on the “Register” button.
   
2. Fill in your First Name, Last Name, Email, and select your Country of Residence.
3. Choose your Phone Prefix (e.g., +1) and provide your Phone number.
4. Create a Password for your account.
5. Click “Register” to complete the account opening process. If you already have an account, you can choose to “Sign In” instead.

Leverage

Scope Markets offers a maximum leverage of up to 3000:1 for traders.

Deposit & Withdrawal

Scope Markets offers deposit and withdrawal options for its clients. Bank transfers have a processing time of 3-5 working days for both deposits and withdrawals, with no fees. The minimum deposit is $50, while there is no maximum deposit limit. For withdrawals, the minimum is 100 USD or equivalent, with unlimited maximum withdrawals. Nuvei (formerly Safecharge), VISA, and Mastercard transactions are usually processed within 10 minutes for deposits and take 3-5 working days for withdrawals. There are no fees, and the minimum deposit and withdrawal amounts are $50 and $100, respectively. The maximum deposit per transaction is 10,000 USD, while the maximum withdrawal per day is 50,000 USD.

00 USD, respectively. The maximum deposit per transaction is 10,000 USD, while the maximum withdrawal per day is 50,000 USD.

Trading Platforms

MT5 Desktop - Meta Trader 5: Meta Trader 5, a widely recognized trading platform, serves as one of the leading Forex platforms globally. It presents an array of trading and analytical tools, accompanied by additional services. This platform caters comprehensively to Forex trading needs, boasting features such as 21 timeframes, real-time symbol quotes, 38 technical indicators, and 4 order execution types. Notably, it incorporates an Economic Calendar offering macro-economic news updates that can influence financial instrument prices.

MT5 Web Trader - MT5 Webtrader: The MT5 Webtrader stands as another popular trading platform option. Equipped with real-time symbol quotes, over 50 technical indicators, and support for algorithmic trading EA & MQL5, it offers advanced charts and caters to various execution models and order types. This web-based platform provides market event alerts and news updates to facilitate trading decisions.

MT5 Mobile - MT5 for iOS and Android: This mobile app includes 3 chart types, 30 technical indicators, and full MT5 account functionality. Native applications for iPhone, iPad, and Android devices allow traders to manage positions, monitor markets, and perform technical analysis on-the-go.

Trading Tools

1. PIP Calculator:

Scope Markets offers a pip calculator that enables traders to calculate the pip value for their chosen trading currency. This tool assists in evaluating the potential risk associated with each trade.

2. Margin Calculator:

The margin calculator provided by Scope Markets aids traders in determining the margin requirements necessary to initiate and maintain trading positions. It serves as an indicator for maintaining sufficient margin in the trading account to cover ongoing trades.

3. Swap Calculator:

Scope Markets presents a swap calculator to compute the interest rate difference between the two currencies in an open trade's currency pair. This tool calculates the overnight interest credited or debited directly to trades, impacting the overall account balance.

4. Profit Calculator:

The profit calculator offered by Scope Markets allows traders to assess the favorable outcome of a trade. This tool proves valuable for monitoring trade performance, especially when dealing with multiple positions simultaneously.

Economic Calendar

Scope Markets provides an Economic Calendar to keep traders informed about upcoming events, report releases, and announcements that could impact the markets. The calendar is a valuable tool for traders to track scheduled economic events, gaining insights into market changes and understanding the reasons behind these changes. By clicking on individual events, traders can access further information related to each event, contributing to a better grasp of market dynamics.

Customer Support

Scope Markets provides accessible customer support through various channels. Clients can reach out via email to support@scopemarkets.eu or info@scopemarkets.eu for assistance. Additionally, customer inquiries can be directed to +357 25281811. The company's physical address is Doma Building 1st floor, 227 Archeipiskopou Makariou III Avenue, 3105 Limassol, Cyprus.

Conclusion

In conclusion, Scope Markets is a regulated financial institution. It offers a range of market instruments, including forex, indices, futures, spot energies, metals, shares, cryptocurrencies, and ETFs. The company provides different account types with varying starting deposits and leverage options. Traders can access the MetaTrader 5 trading platform, along with mobile versions. Scope Markets offers useful trading tools like pip, margin, swap, and profit calculators, aiding traders in risk assessment and performance evaluation.

FAQs

Can I change the time zone of the trading servers?

No, the trading servers' time zone remains fixed at GMT+3 Winter time and GMT+3 Summer time.

Are micro lots available on all platforms?

Yes, micro lots are accessible on all of Scope Markets' trading platforms.

When can I withdraw funds after closing positions?

After closing positions, you can withdraw the funds after a waiting period of 5 working days (T+5).

What are the transaction fees for physical stocks in different regions?

For EU Physical Stocks: 0.10% per side; For UK Physical Stocks: 0.10% per side + 0.5% Stamp Duty (buy trades); For US Physical Stocks & ETFs: 0.04 Cent per Share/ETF per side.