Scope Markets
abstrak：Scope Markets, founded in 2009, is a brokerage registered in Belize. The trading instruments it provides cover currencies, index, metals, commodities, stocks, and futures. It offers four account types, with a minimum deposit of $10 and a leverage up to 1:1000 on MT4 and MT5 platform. However, its licenses are all unverified, which means potential risks cannot be ignored.
| Scope Markets Review Summary | |
| Founded | 2009 |
| Registered Country/Region | Belize |
| Regulation | CYSEC, FSA, FSCA, FSC (Unverified) |
| Market Instruments | Forex, indices, energies, metals, shares, futures, commodities |
| Demo Account | ✔ |
| Leverage | Up to 1:1000 |
| Spread | From 0 pips |
| Trading Platform | 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, founded in 2009, is a brokerage registered in Belize. The trading instruments it provides cover currencies, index, metals, commodities, stocks, and futures. It offers four account types, with a minimum deposit of $10 and a leverage up to 1:1000 on MT4 and MT5 platform. However, its licenses are all unverified, which means potential risks cannot be ignored.
Pros and Cons
| Pros | Cons |
| MT4 and MT5 supported | Unverified licenses |
| Wide range of trading instruments | Commission fees charged |
| Islamic trading account offered | |
| Demo trading account offered | |
| MT4 and MT5 supported | |
| Low minimum deposit | |
| Diverse payment options |
Is Scope Markets Legit?
| Regulated Country | Regulated Authority | Current Status | License Type | License Number |
| Cyprus | The Cyprus Securities and Exchange Commission (CySEC) | Unverified | Straight Through Processing (STP) | 339/17 |
| Seychelles | The Seychelles Financial Services Authority（FSA） | Unverified | Retail Forex License | SD079 |
| South Africa | Financial Sector Conduct Authority (FSCA) | Unverified | Financial Service Corporate | 47025 |
| Belize | Financial Services Commission (FSC) | Unverified | Common Financial Service License | 000274/19 |
What Can I Trade on Scope Markets?
Scope Markets offers traders the opportunity to trade forex, indices, energies, metals, shares, futures, commodities.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Energies | ✔ |
| Metals | ✔ |
| Shares | ✔ |
| Futures | ✔ |
| Commodities | ✔ |
| Bonds | ❌ |
| ETFs | ❌ |
| Cryptocurrencies | ❌ |
| Options | ❌ |
Account Types
Scope Markets offers 4 different types of accounts to traders, which are One Account and Islamic Account, Scope Invest Account, Scope Elite Account. It also provides a demo account. The minimum deposit is $10.
| Account Type | One Account | Islamic Account | Invest Account | Scope Elite Account |
| Minimum Deposit | $10 | $10 | $10 | $20000 |
| Maximum Leverage | 1:1000 | 1:1000 | 1:1 | 1:1000 |
Scope Markets Fees
Scope Markets claims to offer low spreads and charges low commissions.
| Account Type | One Account | Islamic Account | Invest Account | Scope Elite Account |
| Spreads | From 0.9 pips | From 0.9 pips | From 0.1 pips | From 0 pips |
| Commissions | $5 Futures and Spot Commodities, up to 35% for Shares | $5 | 0% | $3.50 |
Trading Platform
Scope Markets's trading platforms are MT4 and MT5, which support traders on PC and mobile.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC, Web, Mobile | Beginners |
| MT5 | ✔ | PC, Web, Mobile | Experienced traders |
Deposit and Withdrawal
The broker doesn't charge withdrawal fees. It supports 3 types of deposit and withdrawal methods, which are RMB local transfer, USDT, Bank wire global.
| Payment Method | Minimum Deposit | Minimum Withdrawal | Deposit Processing Time | Withdrawal Processing Time | Deposit Fee | Withdrawal Fee |
| International Bank Transfer | 50 USD or equivalent in local currency | 50 USD or equivalent in local currency | 3-5 business days | 3-5 business days | Scope Markets does not charge any fee. Sender bank might impose charges | Scope Markets does not charge any fee. Sender bank might impose charges |
| Visa | 10 USD or equivalent in local currency | 50 USD or equivalent in local currency | Instant | 3-5 business days | 0 | 0 |
| Mastercard | 10 USD or equivalent in local currency | 50 USD or equivalent in local currency | Instant | 3-5 business days | 0 | 0 |
| Neteller | 10 USD or equivalent in local currency | 50 USD or equivalent in local currency | Instant | Instant | 0 | 0 |
| Skrill | 10 USD or equivalent in local currency | 50 USD or equivalent in local currency | Instant | Instant | 0 | 0 |
| Local Bank Transfer | 10 USD or equivalent in local currency | 50 USD or equivalent in local currency | 0-8 hrs | 0-8 hrs | 0 | 0 |
| VietQR | 20 USD or equivalent in local currency | / | 0-8 hrs | / | 0 | / |
| MoMo | 10 USD or equivalent in local currency | / | 0-8 hrs | / | 0 | / |
| Zalo Pay | 10 USD or equivalent in local currency | / | 0-8 hrs | / | 0 | / |
| CUP | 200 USD or equivalent in local currency | / | 0-8 hrs | 0-8 hrs | 0 | 0 |
| DC/EP | 50 USD or equivalent in local currency | / | 0-8 hrs | / | 0 | / |
| Alipay | 50 USD or equivalent in local currency | / | 0-8 hrs | / | 0 | / |
| THB QR Code | 10 USD or equivalent in local currency | 50 USD or equivalent in local currency | 0-8 hrs | / | 0 | 0 |
| MYR QR Code | 110 USD or equivalent in local currency | 50 USD or equivalent in local currency | 0-8 hrs | / | 0 | 0 |
| MYR FPX | 10 USD or equivalent in local currency | 50 USD or equivalent in local currency | 0-8 hrs | / | 0 | 0 |
| VND QR Code | 10 USD or equivalent in local currency | 50 USD or equivalent in local currency | 0-8 hrs | / | 0 | 0 |
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Exchange Rate
