Scope Markets Review 2024

What is Scope Markets?

Scope Markets is a globally recognized financial institution that offers institutional and retail trading services to businesses and traders worldwide. It is regulated by the Capital Markets Authority, Kenya. , and the Financial Services Commission (FSC) in Belize. Scope Markets provides a wide range of trading solutions that are compliant, flexible, cost-efficient, and innovative. The company’s top management team has more than 20 years of experience in the industry. , and they are proud of the solid partnerships they have built over the years. The company offers 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. In the context of forex, Scope Markets allows traders to trade the most liquid market and choose from Majors, Minors, Exotic currency pairs all from one account. They offer competitive trading conditions with tight spreads, fast execution, and multiple asset classes. They also provide excellent multilingual customer support. Scope Markets also offers a 50% bonus on your initial deposit, up to $100,000 (for a total bonus up to $50,000). The minimum deposit to start trading is $100. The company is headquartered at Park Avenue, Buttonwood Bay, Lower Flat Office Space Front, Belize City, Belize, 6160. They operate from Monday to Friday, 09:00 - 18:00. Please note that trading involves risk. It’s important to understand the risks involved and manage your risk accordingly. Scope Markets provides resources to help traders learn how to manage their risk.

What is the Review Rating of Scope Markets?

What are the Pros of Scope Markets?

Scope Markets is a well-regarded broker in the forex trading industry, offering a range of benefits to its clients. Here are some of the key advantages:. Fast Execution and No Delays: As an ECN (Electronic Communication Network) broker, Scope Markets ensures fast execution of trades and no delays in transactions. This is a significant advantage for traders who need to make quick decisions and execute trades in real-time. User-Friendly Platforms: Scope Markets offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are recognized for their ease of use, reliability, and customization options, making them ideal for both novice and experienced traders. Low Costs: The broker offers low spreads, and there are no trading fees. This means that the costs associated with the trading process are minimal, allowing traders to maximize their profits. Wide Range of Tradable Assets: Scope Markets provides access to a large number of assets, including major, minor, and exotic currencies, shares of the largest companies in the world, and commodities like gold, silver, and oil. This wide range of assets increases the profit potential and allows for diversification of trading strategies. Transparent Pricing: Scope Markets is known for its transparent pricing. This transparency helps traders make informed decisions and reduces the risk of unexpected costs. High Leverage: Scope Markets offers high leverage up to 1:500. High leverage can increase the potential for higher profits, but it also comes with increased risk. Please note that while Scope Markets offers many advantages, it’s important for traders to do their own research and consider their individual trading needs and goals before choosing a broker.

What are the Cons of Scope Markets?

Scope Markets, a broker in the forex trading industry, has several disadvantages that potential investors should be aware of. Here are some of the key points:. Higher-than-average risk: Scope Markets is considered a broker with a higher-than-average risk. This means that investments made through this platform carry a greater chance of loss compared to other brokers. This could deter potential investors who prefer a more conservative approach to trading. Limited customer support: The technical support provided by Scope Markets is available only 12 hours per day on weekdays. This limited availability could be problematic for traders who require assistance outside of these hours. No options for passive income: Unlike some other brokers, Scope Markets does not offer options for passive income. This could be a disadvantage for investors looking to diversify their income streams. Minimum deposit requirement: To open a live account with Scope Markets, a minimum deposit of $100 is required. This could be a barrier for individuals who wish to start trading with a smaller initial investment. Lack of cryptocurrency trading: As of the latest update, Scope Markets does not offer cryptocurrency trading. Given the growing popularity of cryptocurrencies, this could be seen as a disadvantage by potential investors interested in this market. Negative customer reviews: According to some reviews, many clients of Scope Markets are not satisfied with the company’s work. This could raise concerns about the quality of service provided by the broker. Please note that while these points highlight some of the potential disadvantages of trading with Scope Markets, it’s important for each investor to conduct their own research and consider their individual trading needs and goals before choosing a broker.

What are the Scope Markets Current Promos?

Scope Markets, a renowned platform in the Forex trading industry, is currently offering a significant promotion. Promotion Details. The promotion involves a 50% deposit bonus. Traders who open an account can claim this bonus on their initial deposit. The maximum limit for the initial deposit is $100,000, which means the total bonus can go up to $50,000. The minimum deposit to be eligible for this promotion is $100. Trading Instruments. Scope Markets provides a wide range of trading instruments. These include Forex majors, minors & exotics, global indices, popular commodities like Crude Oil, Gas & Brent, metals like Gold & Silver, and popular global shares. They offer competitive trading conditions with tight spreads, fast execution, and multiple asset classes. Trading Platform. Traders can trade the world’s markets on the popular MetaTrader 5 platform, which offers superior tools for comprehensive price analysis and robust trade execution. The platform features advanced charting with multiple timeframes, a vast range of technical and analytical tools, and the MQL 5 Language for creating scripts, robots, and indicators. Please note that terms and conditions apply for the promotion. It’s always recommended to read and understand these before participating in any promotional offers. This information is current as of the time of writing, but promotions may change. Please visit the official Scope Markets website for the most up-to-date information.

What are the Scope Markets Highlights?

Scope Markets is a global broker that offers a wide range of financial products and services. Here are some of the highlights:. Trading Instruments: Scope Markets provides a variety of trading instruments including Forex, Indices, Energies, Metals, and Shares. This allows traders to diversify their portfolio and take advantage of different market conditions. Trading Platforms: They offer the latest trading platforms including MT5 and MT4. These platforms provide advanced charting tools, multiple timeframes, and a vast range of technical and analytical tools. They also feature a built-in economic calendar, news, market impact, and forecasts. Competitive Trading Conditions: Scope Markets prides itself on offering competitive trading conditions. This includes low trading costs, fast execution, and multiple asset classes. Customer Support: They provide excellent multilingual customer support. This ensures that traders can get the help they need, no matter where they are in the world or what language they speak. Regulation: Scope Markets is authorised and regulated by the FSC. This provides traders with the assurance that they are trading with a reputable and reliable broker. Education: Scope Markets places a strong emphasis on education. They offer a range of resources including a blog, an economic calendar, and a dividend calendar. These resources can help traders stay informed about the latest market trends and make more informed trading decisions. Partnerships: They offer various partnership programs including CPA affiliates and a refer-a-friend program. They also offer a 50% deposit bonus up to $50,000. Community Engagement: Scope Markets is actively engaged with its community. They have a strong presence on social media platforms like YouTube, Facebook, Instagram, and Twitter. They also host webinars and seminars to educate their community about Forex and other trading topics. In conclusion, Scope Markets is a comprehensive trading platform that caters to the needs of diverse traders. Whether you’re a beginner or an experienced trader, Scope Markets has the tools and resources to help you succeed in the financial markets.

Is Scope Markets Legit and Trustworthy?

Scope Markets is a Forex and CFD broker that has been in operation since 1997. It offers institutional and retail trading services to businesses and traders worldwide. The company operates through two locations: Belize, where the offshore entity Scope Markets Ltd is based, and Cyprus, as SM Capital Markets Ltd. The broker is regulated and authorized by the European CySEC, which provides extra layers of security for traders. As a licensed broker, Scope Markets is subject to strict European laws. However, it’s worth noting that one of its regulations is in the offshore zone. Scope Markets offers a wide range of trading platforms and competitive trading conditions. It operates a No Dealing Desk or STP execution model, providing a simple yet sophisticated trading environment suitable for both beginning and professional traders. However, there are some points to consider. While Scope Markets has a good reputation over its operating years. , it does not provide 24/7 customer support. Also, some sources suggest that despite being regulated, Scope Markets has a mixed reputation among traders. In conclusion, while Scope Markets is a legit and regulated broker, it’s always important for traders to conduct their own research and consider multiple sources before choosing a broker.

Is Scope Markets Regulated and who are the Regulators?

Scope Markets is indeed a regulated entity. It operates under the oversight of the Capital Markets Authority (CMA), as indicated on their official website. The CMA is a government agency that is responsible for supervising, licensing, and monitoring the activities of market intermediaries, including the stock exchange, and the central depository and settlement system and all the other persons licensed under the Capital Markets Act. Regulation by the CMA provides a level of assurance to investors. It ensures that the broker operates within the guidelines set out by the regulatory authority, which are designed to protect investors and maintain the integrity of the markets. As a CMA regulated broker, Scope Markets is required to adhere to several regulatory standards. These may include capital adequacy requirements, submission of regular audits and financial reports, implementing robust security measures, and ensuring the best execution of client orders. Regulation is a crucial aspect in the forex market, which is known for its complexity and risk. It helps to provide a secure trading environment and protects consumers from potential fraud and malpractices. Therefore, the fact that Scope Markets is regulated by the CMA is a positive indicator of its commitment to secure and fair trading practices.

Did Scope Markets win any Awards?

Scope Markets, a renowned player in the Forex trading industry, has indeed been recognized for its excellence with several awards. The company’s commitment to providing superior trading conditions, including tight spreads, fast execution, and multiple asset classes, has not gone unnoticed. It’s important to note that these awards were given to Scope Markets’ individual jurisdictions, not exclusively to all entities. In the Global Forex Awards 2023 - Retail, Scope Markets was honored in two categories. The company was named the Best MT5 Broker - Global, acknowledging its effective use of the MetaTrader 5 platform, which offers comprehensive price analysis and robust trade execution. Scope Markets also won the Best Trading Support - Global award, highlighting its dedication to providing excellent customer service. In the Africa category of the same awards, Scope Markets was recognized for Best Trade Execution. This award underscores the company’s commitment to providing its clients with fast and reliable trade execution. These accolades reflect Scope Markets’ dedication to excellence in the Forex trading industry. They serve as a testament to the company’s commitment to providing top-notch trading conditions and customer support, contributing to its reputation as a trusted and reliable Forex broker.

How do I get in Contact with Scope Markets?

Scope Markets, a renowned entity in the Forex trading industry, has multiple contact points across different regions. Here are the details:. 1. Scope Markets EU:. Email: You can reach out to them via email at support@scopemarkets.eu or info@scopemarkets.eu. Telephone: Their contact number is +357 25281811. Office Address: Their office is located at 23, Spyrou Kyprianou Avenue, Floor 4, 3070 Limassol, Cyprus. 2. Scope Markets (General):. Email: They can be contacted at customerservice@scopemarkets.com or germansupport@scopemarkets.com. Telephone: Their phone number is +44 2030 516959. Fax: You can also reach them via fax at +357 25056839. Office Address: Their office is situated at 6160, Park Avenue, Buttonwood Bay, Lower Flat Office Space Front, Belize City. 3. Scope Markets Kenya:. Email: You can email them at support@scopemarkets.co.ke. Telephone: Their contact numbers are +254 20500 5100 and +254 73083 1000. Office Address: Their office is located at Westside Towers, 4th Floor, Office 402 and 403, Lower Kabete Road, Westlands. Please note that the availability of their support team is 24 hours a day, 5 days a week. It’s always a good idea to check their official website for the most up-to-date contact information. Happy trading!.

Where are the Headquarters from Scope Markets based?

Scope Markets, a key player in the forex trading industry, has its headquarters located in Belize City, Belize. This strategic location allows the company to operate in a region known for its robust financial services sector. The company’s contact information, as listed on their official website, includes an address in Belize. This suggests that their primary operations and management functions are based out of this location. However, it’s worth noting that there is also a mention of an address in Sandton, South Africa. , indicating the possibility of additional operational presence or regional offices. In the context of forex trading, Scope Markets offers a wide range of services. They provide opportunities to trade in the most liquid market and choose from Majors, Minors, and Exotic currency pairs. This comprehensive offering caters to a broad spectrum of traders, from seasoned professionals to new entrants. It’s important to note that the company is regulated by the Capital Markets Authority. , which adds a layer of trust and reliability for its clients. The company’s commitment to providing a secure and efficient trading environment is further demonstrated by its policy of holding client funds in segregated trust accounts with top-tier banks. In conclusion, Scope Markets, with its headquarters in Belize City, Belize, is a significant entity in the forex trading landscape. Its comprehensive product offerings and regulatory compliance make it a reliable choice for individuals and institutions interested in forex trading.

What kind of Customer Support is offered by Scope Markets?

Scope Markets offers a comprehensive customer support system to assist its clients with their trading needs. Availability: The dedicated support team is available from 05:00 GMT to 19:30 GMT. to address any issues or questions about trading Forex & CFDs with Scope Markets. Education: Scope Markets provides one of the most comprehensive multimedia trading education libraries for traders of all levels. This includes resources on how to start trading in 4 steps: Register, Verify, Fund, and Trade. Account Support: Scope Markets offers support for various account types. They also provide instant deposits and withdrawals with Mpesa and other mobile payment solutions. Platform Support: Traders can trade on the popular MetaTrader 5 platform, which offers superior tools for comprehensive price analysis and robust trade execution. Reputation: Customer reviews indicate that Scope Markets provides excellent service and promptly and efficiently resolves all requests from support. In conclusion, Scope Markets offers a robust customer support system that caters to the diverse needs of its clients, ensuring a smooth and efficient trading experience.

Which Educational and Learning Materials are offered by Scope Markets?

Scope Markets, a global trading platform, offers a variety of educational and learning materials to assist traders in navigating the world of Forex trading. These resources are designed to provide both novice and experienced traders with the knowledge and skills they need to make informed trading decisions. Video Tutorials: Scope Markets has a digital library that offers Forex video tutorials. These tutorials cater to every trader’s curiosity, providing valuable insights into the world of Forex trading. The video tutorials guide traders through the process of starting to trade in four steps: Registering and opening a Scope Markets trading account, verifying personal documents, depositing into the Scope Markets trading account, and starting to trade Forex, Indices, Shares, and Commodities CFDs. Blog: The Scope Markets blog is another educational resource where traders can find articles on various topics related to Forex trading. The blog posts cover a wide range of subjects, providing traders with a comprehensive understanding of the Forex market. Economic Calendar: An economic calendar is a crucial tool for any Forex trader. It provides information about upcoming economic events that can impact the Forex market. Traders can use this calendar to plan their trading strategies accordingly. Dividend Calendar: The dividend calendar is another useful tool for traders, especially those interested in trading shares. It provides information about the dividend dates of various companies, helping traders make informed decisions. FAQ: The FAQ section on the Scope Markets website provides answers to commonly asked questions about Forex trading. This section is a great resource for traders looking for quick answers to their queries. In conclusion, Scope Markets offers a wide range of educational and learning materials that can help traders succeed in the Forex market. Whether you’re a beginner just starting out or an experienced trader looking to brush up on your knowledge, Scope Markets has resources that can assist you on your trading journey.

Can anyone join Scope Markets?

Scope Markets is a popular platform for trading a variety of financial instruments, including Forex. Here’s a detailed look at the process and requirements for joining Scope Markets:. Eligibility and Registration. Anyone interested in trading Forex, Indices, Shares, and Commodities CFDs can open a Scope Markets trading account. The registration process is straightforward and involves a few key steps. Registration: The first step is to open a Scope Markets trading account. Verification: Applicants must verify their personal documents. Funding: Once verified, applicants can deposit into their Scope Markets trading account. Trading: After funding, they can start trading. Trading Instruments and Platforms. Scope Markets offers a wide range of trading instruments, including Forex majors, minors, and exotics, global indices, popular commodities like Crude Oil, Gas, and Brent, and popular global shares. All these instruments come with competitive trading conditions, such as tight spreads, fast execution, and multiple asset classes. Traders can leverage the popular MetaTrader 5 platform, which offers superior tools for comprehensive price analysis and robust trade execution. The platform features advanced charting with multiple timeframes, a vast range of technical and analytical tools, and a built-in economic calendar, news, market impact, and forecasts. Deposit Bonus. Scope Markets offers a 50% bonus on the initial deposit, up to $100,000 (for a total bonus up to $50,000), with a minimum deposit of $100. However, terms and conditions apply. Customer Support. Scope Markets prides itself on its excellent multilingual customer support. It is also authorised and regulated by FSC. Please note that while Scope Markets offers a wide range of services and benefits, it’s important to understand the risks associated with trading. Always consider your financial situation and consult with a financial advisor if needed before starting to trade.

Who should sign up with Scope Markets?

Scope Markets is a global trading platform that offers a wide range of services to various types of traders. Here are some categories of individuals and businesses who might find Scope Markets beneficial:. 1. Forex Traders: Forex traders, both new and experienced, can benefit from the diverse currency pairs offered by Scope Markets. The platform provides access to majors, minors, and exotic currency pairs. , all from one account. This makes it an attractive option for those interested in forex trading. 2. Institutional Entities: Institutional entities looking for compliant, flexible, and cost-efficient trading solutions may find Scope Markets to be a good fit. The platform’s top management team has over 20 years of experience in the industry. , which can be advantageous for businesses seeking expert guidance and robust trading solutions. 3. Individuals Interested in Diversified Trading: Scope Markets offers trading in forex, indices, shares, and commodities. , making it a suitable platform for individuals interested in diversified trading. Traders can reduce risk and potentially increase returns by trading a variety of instruments. 4. Traders Seeking Advanced Trading Platforms: Scope Markets provides access to advanced trading platforms like MT4, MT5, and Scope Trader. These platforms offer comprehensive price analysis, robust trade execution, and a range of technical and analytical tools. Traders seeking sophisticated trading tools may find Scope Markets appealing. 5. Traders Looking for Competitive Trading Conditions: Scope Markets offers competitive trading conditions with tight spreads, fast execution, and multiple asset classes. It also provides low trading costs, excellent multilingual customer support, and is regulated by FSC. Traders looking for a platform with favorable trading conditions may find Scope Markets to be a good choice. In conclusion, Scope Markets caters to a wide range of traders, from forex enthusiasts to institutional entities, and those interested in diversified trading. Its advanced trading platforms, wide range of trading instruments, and competitive trading conditions make it a compelling choice for many. However, as with any trading platform, potential users should conduct thorough research and consider their individual trading needs and goals before signing up.

Who should NOT sign up with Scope Markets?

Scope Markets is a globally recognized Non-Dealing Online Foreign Exchange Broker and Derivatives Broker. They offer a wide range of trading solutions that are compliant, flexible, cost-efficient, innovative, and place the client first. However, there are certain individuals who might not find Scope Markets suitable for their needs. Here are some categories of people who might want to reconsider signing up with Scope Markets:. Beginners with Limited Capital: The minimum deposit at Scope Markets is $100. This might be a high entry barrier for beginners or those with limited capital. There are other platforms that offer lower minimum deposits, which might be more suitable for these individuals. Traders Looking for Personalized Support: While Scope Markets does offer customer support. , individuals who prefer a more personalized or localized customer service might find their support lacking. Traders who value strong customer service might want to look at other options. Individuals Not Comfortable with High Risk: Trading involves risk. Scope Markets offers high leverage of up to 1:2000. While this can increase potential profits, it also significantly increases the risk. Individuals not comfortable with this level of risk might want to consider other platforms. Traders Looking for Diverse Trading Platforms: Scope Markets primarily offers trading on the MT4 and MT5 platforms. Traders looking for a wider variety of trading platforms might find Scope Markets limiting. Regulatory-Conscious Traders: While Scope Markets is regulated by the FSC and the Capital Markets Authority. , traders who prefer brokers regulated by more recognized authorities like the FCA or ASIC might not find Scope Markets suitable. Remember, it’s important to do thorough research and consider your individual trading needs and goals before choosing a forex broker. It’s also recommended to try out a demo account before committing to a platform. Happy trading!.

Does Scope Markets offer Discounts, Coupons, or Promo Codes?

Based on the available information, it is not clear whether Scope Markets offers discounts, coupons, or promo codes. It is recommended to check their official website or contact their customer service for the most accurate and up-to-date information. Please note that promotional offers can vary based on time, region, and other factors. Always ensure to read the terms and conditions associated with any promotional offer. It’s also worth noting that in the world of forex trading, promotional offers can come in various forms such as reduced spreads, commission rebates, or deposit bonuses. These can provide valuable benefits to traders, but it’s important to understand the specific terms and conditions associated with each offer. Remember, trading in forex involves risk, and it’s important to make informed decisions.

Which Account Types are offered by Scope Markets?

Scope Markets offers a variety of account types to cater to the diverse needs of traders. Here are the details:. 1. Account Type 1. Spread: 1.1 pips EURUSD. Commission: No Commissions. Assets: All - FX, Futures Indices, Cash Indices, Shares, Commodities. Minimum Trade Size: 0.01. Leverage: 1:400. Minimum Deposit: $100. Pricing: 5 digit pricing. Margin Call: 150%. Stop Out Level: 20%. Demo: Yes. Account Currency: USD, KES. Swap Free Option: Yes. Trade All Strategies: Allowed. 2. Account Type 2. Spread: 0.2 pips EURUSD. Commission: $3.5 per side. Assets: All - FX, Futures Indices, Cash Indices, Shares, Commodities. Minimum Trade Size: 0.01. Leverage: 1:400. Minimum Deposit: $100. Pricing: 5 digit pricing. Margin Call: 150%. Stop Out Level: 20%. Demo: Yes. Account Currency: USD, KES. Swap Free Option: Yes. Trade All Strategies: Allowed. 3. Standard Account. Trading Platform: ΜΤ5. Commission (per lot per side): $0. Spreads from (pips): 0.7. Account Currency Offered: USD,EUR,GBP. Starting Deposit: 200. Max Leverage: 1:30. Micro Lot Trading (0.01): √. Stop Out Level: 50%. 4. Plus Account. Trading Platform: ΜΤ5. Commission (per lot per side): $0. Spreads from (pips): 0.6. Account Currency Offered: USD,EUR,GBP. Starting Deposit: 10,000. Max Leverage: 1:30. Micro Lot Trading (0.01): √. Stop Out Level: 50%. Please note that trading involves risk and it’s important to understand the terms and conditions before opening an account.

How to Open a Scope Markets LIVE Account?

Opening a Scope Markets LIVE account involves a few steps. Here’s a detailed guide:. Step 1: Registration Firstly, you need to register for a Scope Markets trading account. This involves entering your basic information. Step 2: Verification After registration, you need to verify your identity. This is typically done by uploading personal documents. Step 3: Funding Once your account is verified, the next step is to deposit funds into your Scope Markets trading account. The minimum deposit for a Scope Markets live trading account is $100 USD. Step 4: Trading After funding your account, you are ready to start trading. Scope Markets offers trading in Forex, Indices, Shares, and Commodities CFDs. Scope Markets provides two different account types – the live trading One Account and the Risk-Free Demo trading account. The One Account offers competitive pricing, up to 2000:1 leverage, a dedicated account manager, personalized support, a free premium signals package, free weekly webinars and seminars (where available), free access to premium educational materials, and free withdrawals. Please note that leverage differs by instrument. For more information, kindly refer to the attached file provided by Scope Markets. Remember, trading involves risk and it’s important to understand the products you are trading and the associated risks. Happy trading!.

How to Open a Scope Markets DEMO account?

Opening a Scope Markets DEMO account is a straightforward process that involves a few key steps. This account allows beginners to practice forex trading in a 100% risk-free environment. Step 1: Registration Begin by visiting the Scope Markets website. Look for the blue “Start Trading Now” button located on the homepage. Clicking this button will initiate the registration process. Step 2: Verification After initiating the registration process, you’ll need to verify your personal documents. This is a crucial step to ensure the security and integrity of your account. Step 3: Funding Once your personal documents have been verified, the next step is to deposit into your Scope Markets trading account. Please note that the minimum deposit for the One Account is $50. Step 4: Start Trading With the funding complete, you can now start trading Forex, Indices, Shares, and Commodities CFDs. The Scope Markets Demo account is funded with $50,000 USD in virtual currency. , providing a simulated live trading environment. It’s important to note that the demo account expires after 14 days. Scope Markets offers a range of benefits with their demo account, including competitive pricing, a choice of MT4 and MT5 trading platforms, up to 2000:1 leverage, dedicated account manager, personalised support, free premium signals package, free weekly webinars and seminars (where available), free access to premium educational materials, and free withdrawals. Remember, forex trading involves risk and isn’t suitable for all investors. Always trade responsibly and seek professional advice if needed.

How Are You Protected as a Client at Scope Markets?

As a client at Scope Markets, you are protected in several ways:. Regulation: Scope Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC). This ensures that the broker operates within the guidelines set by a reputable regulatory body, providing a layer of protection for clients. Segregated Accounts: All client funds are held in Custody under Segregated trust accounts with regulated banks. This means that your funds are kept separate from the company’s operational funds, providing additional financial security. Trading Platforms: Scope Markets uses the MetaTrader 5 platform. , a widely recognized and reliable trading platform in the forex industry. This ensures a smooth trading experience with advanced tools and features. Dedicated Account Manager: Each client is provided with an experienced and dedicated account manager. This ensures personalized service and support, enhancing your trading experience. Educational Resources: Scope Markets offers one of the most comprehensive multimedia trading education libraries for traders of all levels. This can help you make informed trading decisions and improve your trading skills. Compliance with MiFID II: The Markets in Financial Instruments Directive (MiFID II) is a European Union law that provides harmonized regulation for investment services across the 31 member states of the European Economic Area. Compliance with this directive ensures that Scope Markets adheres to the stringent requirements set out in MiFID II, further enhancing client protection. In conclusion, Scope Markets provides a secure and regulated environment for forex trading, with several measures in place to protect its clients. These include regulatory oversight, segregated accounts, reliable trading platforms, dedicated account managers, educational resources, and compliance with MiFID II. This makes Scope Markets a trustworthy choice for forex traders.

Which Funding methods or Deposit Options are available at Scope Markets?

Scope Markets, a Forex and CFD broker, offers a variety of deposit options for the convenience of its clients. Bank Transfer: This traditional method of fund transfer is available for both deposits and withdrawals. The processing times for bank transfers are typically 3-5 working days. There are no fees or charges for using this method. The minimum deposit amount is 200 USD, and there is no limit on the maximum deposit amount. Nuvei (formerly Safecharge): This payment institution, authorized and regulated in the jurisdiction of Cyprus by the Central Bank of Cyprus (CBC), provides another deposit option. Deposits via Nuvei are usually processed within 10 minutes, while withdrawals can take 3-5 working days. There are no fees or charges for using Nuvei. The minimum deposit amount is 200 USD, and the maximum deposit amount is 10,000 USD per transaction. Credit Card (Visa or Mastercard): Scope Markets accepts deposits via Visa or Mastercard. This option is popular and trusted by many traders. Skrill and Neteller: These are digital wallets that offer a quick and easy way to deposit funds into your trading account. Mobile Money: This deposit option is particularly convenient for traders who prefer to manage their funds on the go. Please note that the availability of these deposit options may vary depending on the trader’s location and the regulations of the respective financial authorities.

What is the Minimum Deposit Amount at Scope Markets?

Scope Markets, a renowned player in the forex trading industry, offers its users multiple account options, each with its own set of features and benefits. The minimum deposit amount required to register a live trading account with Scope Markets is $100. This amount is equivalent to 11,660 KES. and R 1600.00 ZAR. at the current exchange rates. Scope Markets provides two different account types: the live trading One Account and the Risk-Free Demo trading account. The One Account is a new, premium offering designed for traders and investors of all levels. It combines the benefits of all their old accounts with simple, competitive, and transparent pricing. The One Account offers an average spread from 0.9 pips. and up to 2000:1 leverage. It also includes a dedicated account manager, personalized support, a free premium signals package, free weekly webinars and seminars (where available), free access to premium educational materials, and free withdrawals. In addition to the One Account, Scope Markets also offers an Islamic Account. This account offers trading platforms in MetaTrader 4 & MetaTrader 5 and offers swap-free FX CFD pairs. The minimum deposit for this account is also $50. Deposits and withdrawals at Scope Markets can be made using a payment method most convenient to the user. The processing times for bank transfers are typically 3-5 working days, and the minimum deposit via bank transfer is 200 USD. For transactions via Nuvei (formerly Safecharge), the processing times are usually within 10 minutes, and the minimum deposit is also 200 USD. In conclusion, Scope Markets offers a variety of account types to cater to the diverse needs of forex traders. With a minimum deposit of $100, it provides a low barrier of entry for individuals looking to venture into forex trading. Its competitive pricing, leverage options, and comprehensive support make it a compelling choice for both novice and experienced traders.

Which Withdrawal methods are available at Scope Markets?

Scope Markets, a renowned player in the Forex trading industry, offers a variety of withdrawal methods to cater to the diverse needs of its traders. These methods are designed to provide convenience, security, and speed in transactions. Bank Transfer: This traditional method of fund transfer is available for both deposits and withdrawals. The processing times for bank transfers are typically between 3-5 working days. There are no fees or charges for this service, and the minimum withdrawal amount is 200 USD. Nuvei (formerly Safecharge): This includes VISA and Mastercard transactions. The processing time for deposits is usually within 10 minutes, while withdrawals take 3-5 working days. The minimum withdrawal amount is 200 USD. Credit Card and Debit Card: Scope Markets supports withdrawals to both credit and debit cards. The processing time for these methods is 3 to 5 days, and the minimum withdrawal amount is 50 USD, EUR, or GBP. Mobile Money: This method offers a quick and convenient way to withdraw funds, with a processing time of 1 to 2 days. The minimum withdrawal amount is 50 USD, EUR, or GBP. Skrill and Neteller: These are popular e-wallet services that are supported by Scope Markets. The processing time for these methods is 1 to 2 days, and the minimum withdrawal amount is 50 USD, EUR, or GBP. Telegraphic Transfers: This method is also supported, with a processing time of 3 to 8 days. The minimum withdrawal amount is 50 USD, EUR, or GBP. It’s important to note that traders must select their deposit method carefully as it is used as the default payment method for withdrawals. If this is not possible, traders can contact Scope Markets’ customer support to request a withdrawal method change. Traders with open positions may still request withdrawals from their Wallet, provided the account has sufficient cash. The trader’s free margin must exceed the amount specified in the withdrawal request. Additionally, traders are limited to one complimentary request every day. While Scope Markets does not impose withdrawal fees, traders who make several withdrawal requests in a single day will be charged a cost of 35 currency units for every additional withdrawal in USD, EUR, or GBP after the first one has been used.

Which Fees are charged by Scope Markets?

Scope Markets, a trusted online broker known for its transparency and innovation, charges various fees associated with trading. Here’s a detailed breakdown:. Minimum Deposit: The required minimum deposit amount to register a live trading account with Scope Markets is $100 USD / R1600 ZAR. This fee is a prerequisite to start trading and is a common practice among online brokers. Spreads: Scope Markets offers spreads from 0.09 pips. In forex trading, a spread refers to the difference between the buy (ask) and sell (bid) price of a currency pair. It’s essentially the cost of trading on the forex market. A lower spread generally means lower trading costs. Commissions: One of the significant advantages of trading with Scope Markets is the commission-free trading. This means that traders don’t have to pay a separate commission fee on trades, which can help reduce overall trading costs. Withdrawal Fees: Scope Markets provides multiple popular and trusted deposit and withdrawal options, including Credit Card (Visa or Mastercard), Skrill, Neteller, Wire Transfer, and several other alternative methods. The minimum top-up amount is $50 USD / R80 ZAR, and additional fees will only apply to Bank Transfers. Please note that while Scope Markets strives to keep trading costs low, it’s essential for traders to understand all the associated fees before starting to trade. It’s also recommended to keep an eye on any changes in the fee structure, as these can impact trading costs over time. Happy trading!.

What can I trade with Scope Markets?

Scope Markets offers a wide range of trading options for its clients. Here are the key categories:. Forex: Scope Markets provides the opportunity to trade in the most liquid market with a choice from Majors, Minors, and Exotic currency pairs. This includes popular pairs such as XAU/USD, AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, and USD/JPY. Shares: You can trade single stock CFDs of popular companies like Apple, Facebook, LinkedIn, and more. This includes popular global shares with low margin requirements and no trading volume limits. Indices: Scope Markets allows you to trade the most active global industries, sectors, and economies. This includes global indices with a leverage of up to 1:2000. Commodities: You can trade commodities with one click. This includes popular commodities such as Crude Oil, Gas & Brent. Metals: Scope Markets offers the opportunity to trade in metals like Gold & Silver. Futures: Scope Markets also provides the option to trade in futures. Scope Markets offers a choice of MetaTrader 4 & MetaTrader 5 as trading platforms. The MetaTrader 5 platform offers superior tools for comprehensive price analysis and robust trade execution. It includes advanced charting with multiple timeframes, a vast range of technical and analytical tools, and a built-in economic calendar tab with release schedules, level of impact, previous data, and market consensus. Scope Markets is regulated by the Capital Markets Authority. and offers competitive trading conditions with tight spreads, fast execution, and multiple asset classes. They also offer a 50% bonus on your initial deposit, up to $100,000 (for a total bonus up to $50,000) with a minimum deposit of $100. Please note that trading involves risk and it’s important to understand the risks involved before starting to trade.

Which Trading Platforms are offered by Scope Markets?

Scope Markets offers two reliable trading platforms, namely MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are compatible with desktop and mobile devices, including Android and iOS operating systems. MetaTrader 4 (MT4) is a popular trading platform that provides live quotes, 30+ technical indicators, advanced charts, and fast execution. MetaTrader 5 (MT5) is a highly dynamic and sophisticated trading platform that offers superior tools for comprehensive price analysis and robust trade execution. It provides advanced charting with multiple timeframes, a vast range of technical and analytical tools, and the MQL 5 Language for creating scripts, robots, and indicators. It also features a built-in economic calendar, news, market impact, and forecasts. MT5 is an advanced multi-functional trading platform that allows users to create and install their own or third-party algorithmic trading applications, commonly known as EAs. With this functionality, clients no longer need to trade manually. It offers 6 types of pending orders, 2 types of stop-orders, and an extensive choice of global markets. It also provides additional chart time frames, a built-in economic calendar tab with release schedules, level of impact, previous data, and market consensus. It has an integrated MQL forex market products tab for EAs, additional technical indicators, 22 analytical objects, and 46 graphical objects. It also features an improved Strategy Tester for EAs with Agent Manager for remote optimization. Both MT4 and MT5 can be downloaded directly from the Scope Market website. These platforms are designed to deliver a next-level trading experience with enhanced technical analysis tools, automated trading systems, and more technological perks. They appeal to clients interested in trading Forex, stocks, and futures mainly.

Which Trading Instruments are offered by Scope Markets?

Scope Markets is a multi-asset broker that offers a wide range of trading instruments. Here’s a detailed breakdown:. Forex: Scope Markets provides trading for a range of major, minor, and exotic currency pairs. They offer tight spreads and no hidden charges. , making it an attractive platform for forex traders. Indices: Traders have the opportunity to trade 14 indices from Europe, the US, and Asia. The platform offers global indices with a leverage of up to 1:2000. Energies: Scope Markets allows trading in popular commodities like Crude Oil, Gas, and Brent. These energy commodities are available without any commission charges. Metals: Trading in precious metals like Gold and Silver is facilitated with low minimum lot size and fast execution. Shares: The platform offers trading in popular global shares with low margin requirements and no trading volume limits. This includes shares of the most actively traded and lucrative companies in the top exchanges. Futures: Scope Markets also provides access to futures trading. This includes both future and rolling indices from futures exchanges. In addition to these, Scope Markets also offers trading in other instruments like single-stock CFDs. and commodities. The platform used for trading is the popular MetaTrader 5, which offers superior tools for comprehensive price analysis and robust trade execution. Please note that trading involves risk and it’s important to understand the risks involved before you start trading. Always consider your financial situation and consult with a financial advisor if needed. Happy trading!.

Which Trading Servers are offered by Scope Markets?

Scope Markets, a renowned financial trading service provider, offers a variety of trading servers to cater to the diverse needs of retail traders across the EEA. The company’s top management team, with over 20 years of industry experience, has developed a wide range of trading solutions that are compliant, flexible, cost-efficient, innovative, and client-centric. The primary trading server offered by Scope Markets is the MetaTrader 5. This powerful web-based platform provides access to global markets, allowing traders to engage in trading activities involving Shares, Forex, CFDs, and exchange-traded instruments. The MetaTrader 5 platform is known for its superior tools for comprehensive price analysis and robust trade execution. It offers advanced charting with multiple timeframes and a vast range of technical and analytical tools. The platform also supports the MQL 5 Language, which is used for creating scripts, robots, and indicators. In addition to the MetaTrader 5 server, Scope Markets also offers a demo server. This server allows traders to practice their trading strategies in a risk-free environment before transitioning to live trading. Scope Markets is committed to providing an excellent trading experience to its clients. The company offers competitive trading conditions with tight spreads, fast execution, and multiple asset classes. It also provides excellent multilingual customer support and is authorised and regulated by the FSC. In conclusion, Scope Markets offers a comprehensive suite of trading servers, primarily the MetaTrader 5 and a demo server, designed to meet the diverse trading needs of its clients. These servers, coupled with the company’s commitment to providing excellent trading conditions and customer support, make Scope Markets a preferred choice for many retail traders.

Can I trade Crypto with Scope Markets? Which crypto currencies are supported by Scope Markets?

Scope Markets is a well-known platform that offers a variety of trading instruments. However, it’s important to note that the company does not directly accept nor safekeep any cryptocurrency assets. The provision of such a service is not being directly provided by the company, but through licensed third parties. As for the specific cryptocurrencies supported by Scope Markets, the information is not explicitly stated on their website or in the search results. It’s recommended to reach out to Scope Markets directly for the most accurate and up-to-date information. In the context of forex trading, cryptocurrencies have become a popular asset class. They offer volatility and potential for high returns, which can be attractive to traders. However, trading cryptocurrencies also comes with its own set of risks, including high price volatility and regulatory uncertainty. Therefore, it’s crucial for traders to do their due diligence and understand the risks involved before trading cryptocurrencies. Please note that this information is based on the latest available data and may be subject to change. Always consult with a financial advisor or do your own research before making investment decisions.

What is the Leverage on my Scope Markets Trading Account?

I understand that you would like to know the leverage on your Scope Markets Trading Account in the context of forex. According to Forex Suggest, Scope Markets offers leverage of up to 1:500. Leverage is a tool that allows traders to open positions with a larger amount of capital than they have in their account. This can amplify profits, but it can also magnify losses. It is important to use leverage wisely and to understand the risks involved. Scope Markets offers a maximum leverage of 1:30 for Forex Majors and 1:20 for Forex Minors. The maximum leverage for other financial instruments offered by SM Capital Markets Ltd is explained in more detail below:. Gold, GoldEuro: 1:20 Silver: 1:10 Indices Major: 1:20 Indices Minor: 1:10 Spot Energies: 1:10 Shares (UK, Spain, Netherlands, German & French): 1:5 Cryptos: 1:2 . It is important to note that the maximum leverage offered by Scope Markets may vary depending on the account type and the financial instrument being traded. Please refer to the official website of Scope Markets for more information. I hope this information helps. Let me know if you have any other questions.

What kind of Spreads are offered by Scope Markets?

Scope Markets is a trusted online broker that offers institutional and retail trading services to a global market. It is known for its transparency, honesty, candidness, excellence, and innovation. Trading with Scope Markets involves certain fees and spreads. The required minimum deposit amount to register a live trading account is $100 USD. The spreads start from 0.09 pips. Importantly, Scope Markets offers commission-free trading where applicable. This makes it an attractive option for traders looking for competitive spreads. Scope Markets provides a single type of live trading account. This account offers a maximum leverage of 1:500. , which can be beneficial for traders looking to maximize their trading potential. However, it’s important to note that while higher leverage can increase potential profits, it can also amplify losses. When it comes to deposit and withdrawal options, Scope Markets offers multiple popular and trusted methods. These include Credit Card (Visa or Mastercard), Skrill, Neteller, Wire Transfer, and several other alternative methods. The minimum top-up amount is $50 USD. Additional fees will only apply to Bank Transfers. Overall, Scope Markets offers competitive spreads starting from 0.09 pips. , making it a viable choice for traders in the forex market. However, as with any financial decision, potential traders should carefully consider the costs and risks associated with trading on Scope Markets.

Does Scope Markets offer MAM Accounts or PAMM Accounts?

Yes, Scope Markets does offer both MAM (Multi-Account Manager) and PAMM (Percentage Allocation Money Management) accounts. MAM Accounts A MAM account allows you to trade assets such as Forex, Shares, Indices and more automatically on your clients’ behalf. This not only saves them time in terms of research and monitoring, but also offers you the chance to boost your own income. PAMM Accounts A PAMM account is an option that allows a professional account manager to place and manage trades on behalf of their clients. This allows the Investor to potentially benefit from the knowledge of more experienced traders, and offers Account Managers the opportunity to earn a percentage of the profits generated by their clients’ successful trades. Traders can often find that they lack enough capital to follow and act on a particular strategy independently. A PAMM account resolves this issue, as the Investment Manager will pool funds from a number of traders depending on the strategy in question. The Investors will receive a prorated profit (based on a percentage of the amount they contributed) in the event of successful trades, while the Account Manager will earn a performance fee for managing the funds and placing the trades themselves. The Scope Markets PAMM account helps Investment Managers to trade with larger amounts of capital and boost their income by charging performance and management fees. It’s also a great way to boost your network as you connect with Investors worldwide. In conclusion, both MAM and PAMM accounts offer unique benefits and can be a valuable tool for both traders and investors. As always, it’s important to thoroughly research and consider your options before deciding which type of account is right for you.

Does Scope Markets allow Expert Advisors?

Scope Markets is a global group of trading brokers that offers a variety of leveraged and investment products, including forex, commodities, shares, and indices. They provide access to the MetaTrader 5 (MT5) platform, which is known for its powerful features and flexibility. Expert Advisors (EAs) are programs capable of automating the analytical and trading processes in the terminal/trading platform. They perform tasks automatically, following previously set parameters. This automation can be particularly useful in forex trading, where market conditions can change rapidly and require quick responses. Scope Markets does indeed support the use of Expert Advisors (EAs). Their integration with both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms allows traders to utilize EAs. This means that traders can automate their trading strategies, potentially enhancing efficiency and accuracy. However, it’s important to note that while Scope Markets permits the use of EAs, they do not offer any EA programs to their clients, nor do they provide any technical information or support for any EA program. It is the client’s responsibility to understand the functionality, technical requirements, advantages, and disadvantages of any chosen EA. In conclusion, if you’re a trader who relies on automation and Expert Advisors, Scope Markets could be a suitable platform for you. However, you should be prepared to handle all aspects of the EA, including its selection, testing, and compatibility with the MT5 platform.