Scope Markets offers 40,000+ tradable assets through MT4 and MT5 platforms with access to CQG, IRESS, and Bloomberg data feeds.
The broker allows investing in Fractional Stocks with a minimum budget of $50 through the Scope Invest account and earning cashback of up to $8 through the Scope Elite account.
Scope Markets; An Introduction to the Broker and Its Regulatory Status
Scope Markets, founded in 2014, is a brand name of Rostro Group, serving a global clientele from over 200 countries.
Scope Markets operates under the regulatory oversight of the Financial Services Commission (FSC) of Belize, which grants it a Tier-3 regulatory status. Key features of Scope Markets:
- Real stock investing
- Futures contracts
- Cash rebates on the Elite account
Scope Markets Specific Features
In this Scope Markets review section, we’ll explore the company’s offerings. Let’s see if it has what it takes to be among the Forex brokers.
Broker | Scope Markets |
Account Types | One, Islamic, Scope Invest, Scope Elite |
Regulating Authorities | FSC |
Based Currencies | USD, EUR, GBP, AED |
Minimum Deposit | $10 |
Deposit Methods | VISA, MasterCard, Skrill, Neteller, International Bank Transfer, Local Bank Transfer, VietQR, MoMo, ZaloPay, UnionPay, DC/EP, AliPay |
Withdrawal Methods | VISA, MasterCard, Skrill, Neteller, International Bank Transfer, Local Bank Transfer, VietQR, MoMo, ZaloPay, UnionPay, DC/EP, AliPay |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:1000 |
Investment Options | Real Stock Trading, PAMM/MAM Accounts |
Trading Platforms & Apps | MT4, MT5 |
Markets | Forex, Metals, Energies, Indices, Shares, Fractional Stocks, Futures, Commodities |
Spread | Variable based on the account type |
Commission | Variable based on the account type |
Orders Execution | Market |
Margin Call / Stop Out | 100% / 20% |
Trading Features | Real Stock Trading, CQG/IRESS Data Feeds, Swap-Free Trading, Mobile Trading |
Affiliate Program | Yes |
Bonus & Promotions | IB Net Deposit Offer, Cashback Rebate Program, Deposit Bonus |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Email, Phone, Ticket |
Customer Support Hours | N/A |
Scope Markets Broker Account Types
The company caters to a diverse range of traders by offering four account types designed to meet specific trading needs and preferences.
Features | One Account | Islamic | Scope Elite | Scope Invest |
Base Currency | USD, EUR, GBP, AED | |||
Min Deposit | $10 | $10 | $20,000 | $10 |
Avg Spreads from (pips) | 0.9 | 0.9 | 0.0 | 0.1 |
Max Leverage | 1:1000 | 1:1000 | 1:1000 | 1:1 |
Min Order Size | 0.01 Lots | 0.01 Lots | N/A | $50 |
Stop Out | 20% | 20% | 20% | 20% |
Swap-free trading is only available on specific CFD pairs, including XAU/USD, AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, and USD/JPY.
The Scope Invest account allows trading Fractional Stocks as low as 1/100th of the share price on the MT5 platform.
Scope Markets Opening Account and KYC
The company’s registration is a straightforward process followed by a thorough KYC procedure for compliance with AML policies.
- Visit the broker’s official website
- Click “Open Account”
- Fill out the registration form
- Provide personal details, financial information, and knowledge level information
- Upload proof of ID (passport or driving license) and proof of address (utility bill, tax bill, or bank statement)
Scope Markets Broker Platforms
In this Scope Markets review, we must mention that besides the MetaQuotes trading platforms, the company provides access to multiple data feeds, including CQG, IRESS, and Bloomberg.
MetaTrader 4
MetaTrader 5
Scope Markets Fees and Commissions
The company has implemented a simple commission/spread fee structure that varies based on the account type and instruments.
Account Type | Spreads from (Pips) | Commission |
One | 0.9 | Futures and Spot Commodities $5 Japan Stocks 20% Hong Kong Stocks 35% Canada Stocks 4% Belgium Stocks 15% |
Islamic | 0.9 | $5 per lot per side |
Scope Elite | 0.0 | $3.5 per lot per side |
Scope Invest | 0.1 | 0% |
Deposit and withdrawal transactions are free of charge. However, if you reach the maximum number of withdrawal requests per day or week, further withdrawals will be charged 35 USD per transaction.
Scope Markets Broker Payment Methods
The company accepts Credit/Debit Card, Bank Wire, and e-Wallet payments. Note that withdrawal requests are processed using the same method as the deposit. Scope Markets Payment Options:
Payment Method | Min Deposit | Min Withdrawal |
VISA | $10 | $50 |
MasterCard | $10 | $50 |
Skrill | $10 | $50 |
Neteller | $10 | $50 |
International Bank Transfer | $50 | $50 |
ZolaPay | $10 | N/A |
VietQR | $20 | N/A |
MoMo | $10 | N/A |
UnionPay | $200 | N/A |
The broker also supports Local Bank Transfers, DC/EP, AliPay, THB QR Code, MYR QR Code, FPX, and VND QR Code payments.
Copy Trading and Investment Plans
While the company doesn’t provide direct copy trading services, it has developed PAMM and MAM solutions for money managers.
It also doesn’t offer investment plans. However, it allows for investment in real stocks through the Scope Invest account. Scope Markets PAMM and MAM accounts features:
- Available on the MT5 platform
- Compatible with EA trading
- Partial order close, pending orders and full SL and TP
Scope Markets Bonus Offerings
The broker offers various promotional plans, from traditional deposit bonuses to comprehensive partnership programs.
- Deposit Bonus: 50% or 100% extra funds up to $100,000 on deposits
- Scope Invest Welcome Gift: 10% boost on the first account top-up
- IB Net Deposit: Up to $5,000 cash gifts every month for qualified IBs in addition to the agreed-upon commission
- Cashback: Up to $8 rebates for Elite clients
Scope Markets Broker Client Service
The broker won the “Best Trading Support” at the Global Forex Awards 2023 and the “Best Customer Support” at the World Forex Awards 2020. Scope Markets support channels:
customerservice@scopemarkets.com | |
Tel | +442030516959 |
Ticket | Through the “Contact Us” page |
Scope Markets User Experience
Despite the wide range of products and long track records, few Scope Markets reviews exist on reputable platforms.
4.2 out of 5 based on 25 comments | |
Forex Peace Army | 1.654 out of 5 based on 13 ratings |
88% of reviews on the company’s TP profile are positive (4-star and 5-star).
Conclusion and Final Words
Scope Markets provides access to 8 asset classes, including Forex and Futures, with leverage options of up to 1:1000.
The minimum deposit starts from $10 with Skrill and Neteller as payment methods. The broker has a great score of 4.2/5 on TrustPilot.