Scope Markets

Scope Markets Review: Is Scope Markets any good?

Overview and general information

Scope Markets was founded in 2010 and is headquartered in Cyprus, Cyprus.

Scope Markets is a global broker that offers trading in a wide range of financial markets including Forex, Commodities, Stocks and Indices. The company focuses on providing clients with cutting-edge technology and friendly trading conditions.

Licensing and Regulation

If you ask whether Scope Markets is good or not, you have to start by considering the license factor first.

⚠️Warning: Although the broker's website states that it is licensed by the International Financial Services Commission of Belize (IFSC) with license number 000274/2, upon checking, it was found that the broker's license expired on 31/12/2024.

Products and services

Trading products

Scope Markets offers a wide range of products for investors:

• Forex: Major, Minor and Exotic Currency Pairs

• Commodities: Gold, Oil and Precious Metals

• Stocks: Shares of leading companies from markets around the world.

• Indices: Investing in leading stock indices.

Trading Platform

Scope Markets offers popular trading platforms such as:

• MetaTrader 4 (MT4): Standard platform with advanced analytical tools.

• MetaTrader 5 (MT5): an enhanced version with additional functionality.

• WebTrader: A browser-based platform.

Account Type

Scope Markets offers a variety of account types to suit the needs of all levels of traders:

One Account

• Supported platforms: MT4,MT5

• Supported currencies: USD, EUR, GBP, AED

• Minimum account opening: $50

• Spread: Starting from 0.9 pips

• Maximum leverage: 1:1000

• Commission (per lot per side)

  • $5 for Future, Spot and commodities 

  • Up to 35% for Shares

• Stop out: 20%

Islamic Account

• Supported platforms: MT4,MT5

• Supported currencies: USD, EUR, GBP, AED

• Minimum account opening: $50

• Swap Free for: XAU/USD, AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY

• Spread: Starting from 0.9 pips

• Maximum leverage: 1:1000

• Commission (per lot per side): $5

• Stop out: 20%

Scope Invest

• Supported platforms: MT5

• Supported currencies: USD, EUR, GBP, AED

• Minimum account opening: $50

• Spread: Starting from 0.1 pips

• Maximum leverage: 1:1

• Commission (per lot per side): 0%

• Stop out: 20%

Scope Elite

• Supported platforms: MT4,MT5

• Supported currencies: USD, EUR, GBP, AED

• Minimum account opening: $20,000

• Spread: Starting from 0.0 pips

• Maximum leverage: 1:1000

• Commission (per lot per side): $3.5

• Cash rebates: Up to $8 per million

• Stop out: 20%

Deposit and Withdrawal Review

Scope Markets supports deposits and withdrawals via a variety of channels, such as:

International Bank Transfer

• Processing time: 3-5 business days for deposits and withdrawals.

• Fees: There are no fees from Scope Markets, but the sending bank may charge a fee.

• Limits: Min. Deposit/Withdrawal $50; Max. Withdrawal $10M

• Currency: All currencies

Visa & Mastercard

• Processing time: Instant deposit, 3-5 business days withdrawal

• Fee: No fee

• Limits: Min. Deposit/Withdrawal $50; Max. Deposit $5,000, Max. Withdrawal $10M

• Currency: USD

Neteller & Skrill

• Processing Time: Instant Deposit and Withdrawal

• Fee: No fee

• Limits: Min. Deposit/Withdrawal $50; Max. Deposit $10,000, Max. Withdrawal $10M

• Currency: All currencies

Local Bank Transfer

• Processing time: 0-8 hours for deposits and withdrawals.

• Fee: No fee

• Limits: Min. Deposit/Withdrawal $50; Max. Deposit $10,000, Max. Withdrawal $10M

• Currency: VND, MYR, IDR, THB

VietQR, MoMo, Zalo Pay

• Processing time: 0-8 hours for deposits (withdrawals not supported)

• Fee: No fee

• Limits: Min. deposit $50; Max. deposit $10,000

• Currency: VND

CUP

• Processing time: 0-8 hours for deposits and withdrawals.

• Fee: No fee

• Limits: Min. deposit $280; Max. deposit $6,895

• Currency: CNY

DC/EP

• Processing time: 0-8 hours for deposits (withdrawals not supported)

• Fee: No fee

• Limits: Min. Deposit $50; Max. Deposit $685

• Currency: CNY

Congratulations

• Processing time: 0-8 hours for deposits (withdrawals not supported)

• Fee: No fee

• Limits: Min. deposit $50; Max. deposit $2,760

• Currency: CNY

QR Code Payments (THB, MYR, VND)

• Processing time: 0-8 hours

• Fee: No fee

• Limits:

  • THB QR Code: Min. Deposit $50; Max. Deposit $5,440, Max. Withdraw $2,720

  • MYR QR Code: Min. Deposit $110; Max. Deposit $10,000 (Withdrawal not supported)

  • VND QR Code: Min. deposit $50; Max. deposit $10,000 (Withdrawal not supported)

• Currency: THB, MYR, VND

MYR FPX

• Processing time: 0-8 hours (Withdrawals not supported)

• Fee: No fee

• Limits: Min. Deposit/Withdrawal $50; Max. Deposit $6,000

• Currency: MYR

Customer Support

Scope Markets provides its clients with the following channels:

• Email:[email protected]

• Live Chat: Available 24 hours a day.

• Telephone: +44 20 3051 6959

Scope Markets Overview

Scope Markets is a broker suitable for all levels of traders, with a wide range of products and world-class platforms. The broker is also strictly regulated, ensuring safety and transparency.

Frequently Asked Questions about Scope Markets

Q: Is Scope Markets suitable for beginner investors?
A: Yes, there are accounts suitable for beginners and learning resources.

Q: How long does it take to make a deposit?
A: Deposits are processed within minutes, except for bank transfers, which may take 1-3 business days.

Q: What is the maximum leverage at Scope Markets?
A: This broker offers leverage up to 1:1000.

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