Scope Markets Review: Is Scope Markets any good?
Overview of the situation and general information.
Scope Markets was founded in 2010 and is headquartered in Cyprus, Cyprus. At that time,
Scope Markets is an international broker offering trading in a wide range of financial markets such as forex, commodities, stocks, and indices. Now, they offer more than just that; they also provide cutting-edge technology and user-friendly trading conditions. This is what makes them proud of their industry standards and their commitment to continuously improving technology and services to provide clients with the best possible trading experience in global financial markets.
Licensing and regulation
The company has not yet uploaded its verified license to TrustFinance. Please exercise caution when investing.
Products and services
Trading products
Scope Markets offers a wide range of trading instruments. You'll have access to more than just forex, commodities, stocks, and indices. Scope Markets' platform provides comprehensive trading services to meet the needs of investors of all levels, including assets tradable in global financial markets with a diverse portfolio of assets.
Forex: Major, minor, and exotic currency pairs that you can trade flexibly and without fear.
Commodities: Gold, oil, and precious metals, along with a variety of high-quality trading instruments.
Stocks: Shares of leading companies from markets around the world, including popular stocks.
Indices: Investing in leading stock indices with diversified investment strategies.
Scope Markets is committed to providing high-quality and comprehensive trading services to enhance the experience of investors in the financial markets.
Trading platform
Scope Markets offers popular trading platforms such as:
MetaTrader 4 (MT4): A standard platform equipped with advanced analytical tools, available for convenient use.
MetaTrader 5 (MT5): An enhanced version with additional functions and trading capabilities, featuring a high-performance system.
WebTrader: A browser-based platform offering convenience and flexibility in access.
All Scope Markets platforms are designed to provide security and reliability in the trading of our clients.
Account type
Scope Markets offers a variety of account types, each with different minimum deposit requirements, starting at $50, to suit all investor groups. Scope Markets has several account types to cater to the needs of investors of all levels, each with varying minimum deposit requirements. For example, the Standard account is suitable for beginners with a minimum deposit of $50, while the Pro account has a higher minimum deposit and is ideal for investors seeking lower spreads and additional features. Investors can choose the account type that best suits their strategy and budget.
One account
Supported platforms: MT4 and MT5.
Supported currencies: USD, EUR, GBP, and AED.
Minimum account opening deposit: $50
The spread starts at: 0.9 pips
Maximum leverage: 1:1000
Commission (per lot, per side)
$5 for Futures, Spot, and Commodities.
Up to 35% for Shares.
Stop out: 20%
Islamic Account
Supported platforms: MT4 and MT5.
Supported currencies: USD, EUR, GBP, and AED.
Minimum account opening deposit: $50
Swap-free for XAU/USD, AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY.
The spread starts at: 0.9 pips
Maximum level: 1:1000
Commission (per lot, per side): $5
Stop out: 20%
Scope Invest
Supported platform: MT5
Supported currencies: USD, EUR, GBP, and AED.
Minimum account opening deposit: $50
The spread starts at: 0.1 pips
Maximum leverage: 1:1
Commission (per lot, per side): 0%
Stop out: 20%
Scope Elite
Supported platforms: MT4 and MT5.
Supported currencies: USD, EUR, GBP, and AED.
Minimum account opening deposit: $20,000
The spread starts at: 0.0 pips
Maximum leverage: 1:1000
Commission (per lot, per side): $3.5
Cash rebates: Up to $8 per million.
Stop out: 20%
Convenient deposit and withdrawal methods.
Scope Markets offers a convenient deposit and withdrawal system with minimum deposit amounts suitable for all investor groups. Each account type has a different minimum deposit requirement to suit the strategies and budgets of individual traders. Investors can easily add deposit options or fund their accounts.
Scope Markets supports a variety of deposit and withdrawal methods, such as:
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 fees.
Limits: Minimum deposit/minimum withdrawal $50; maximum withdrawal $10M.
Currency: All currencies
Visa & Mastercard processing times for deposits and withdrawals.
Instant deposits. Withdrawals within 3-5 business days.
Fees: There are no disadvantages to using our services.
Limits: Minimum deposit/withdrawal level $50; maximum minimum deposit $5,000, maximum minimum withdrawal $10M.
Currency: USD
Using Neteller & Skrill services.
Processing time: Deposits and withdrawals are instant.
Fees: No fees whatsoever.
Limits: Minimum deposit/withdrawal level $50; maximum minimum deposit $10,000, maximum minimum withdrawal $10M.
Currency: All currencies are accepted.
Local bank transfers
Processing time: 0-8 hours for deposits and withdrawals.
Whether it's a deposit or a withdrawal.
Fees: No fees whatsoever.
Limits: Minimum deposit/withdrawal level $50; maximum minimum deposit $10,000, maximum minimum withdrawal $10M.
Currency: VND, MYR, IDR, THB
How to transfer money using VietQR, MoMo, and Zalo Pay.
Processing time: 0-8 hours for deposits (withdrawals are not supported).
Fees: No fees whatsoever.
Limits: Minimum deposit is $50; maximum deposit is $10,000.
Currency: VND
Using CUP services.
Processing time: 0-8 hours for deposits and withdrawals.
Fees: No fees whatsoever.
Limits: Minimum deposit level is $280; maximum minimum deposit is $6,895.
Currency: CNY
Using DC/EP services.
Processing time: 0-8 hours for deposits (withdrawals are not supported).
Fees: No fees whatsoever.
Limits: Minimum deposit is $50; maximum deposit is $685.
Currency: CNY
Using Alipay service.
Processing time: 0-8 hours for deposits (withdrawals are not supported).
Fees: No fees whatsoever.
Limits: Minimum deposit is $50; maximum deposit is $2,760.
Currency: CNY
Using QR Code Payments (THB, MYR, VND)
Using MYR FPX service.
Processing time: 0-8 hours (Withdrawals are not supported).
Fees: No fees whatsoever.
Limits: Minimum deposit/withdrawal level is $50; maximum minimum deposit is $6,000.
Currency: MYR
Expenses and billing.
When trading with Scope Markets, investors should pay attention to the associated costs and fees. These include spreads that vary depending on account type, swap fees for holding orders overnight, and potential fees for certain account types. These costs impact an investor's net return, so carefully studying the details of each fee structure with Scope Markets will help you plan your trading and control costs more effectively.
Advantages and disadvantages of Scope Markets
Scope Markets boasts several advantages, including professional customer service, a diverse range of trading products, and leverage up to 1:1000, suitable for investors seeking higher profit opportunities. It also offers convenient contact channels. However, potential drawbacks must be considered, such as swap fees charged across all account types and various other fees. Furthermore, bank withdrawals may take 3-5 business days. Investors should weigh these pros and cons before deciding to use Scope Markets' services.
Capital markets and brokerage firms.
Capital markets and brokerage firms are crucial components of investing in financial assets. Scope Markets, as a brokerage firm with many years of experience serving clients in numerous countries worldwide, plays a vital role in connecting investors to global capital markets. Scope Markets offers trading in a wide range of financial assets and is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring transparency and security of its services. Investors should thoroughly research brokerage firms and capital markets to make informed decisions about choosing the right brokerage firm to suit their financial strategies and goals.
Customer support
Scope Markets provides clients with a focus on comprehensive support and meeting the needs of investors through various contact channels and a team of professionals ready to provide advice and resolve issues quickly.
Email:[email protected]* Live Chat: Your questions will be answered without limitations, 24/7, without interruption, by a dedicated support team ready to answer your questions.
Phone: +44 20 3051 6959
If you would like more information about Scope Markets customer service or other interesting information, please contact us through the channels we have provided.
Summary of Scope Markets
Scope Markets is a suitable broker for investors of all ages, from beginners to highly skilled investors. The company offers a diverse range of products, a user-friendly platform, and world-class standards. It is strictly regulated by CySEC and other regulatory bodies to ensure the security and transparency of its trading services.
Scope Markets, part of the Rostro Group, operates globally with a diverse range of products and services and extensive investment experience in the financial markets. Clients have access to over 200 assets for trading and a stable and secure platform, along with support from a professional team available around the clock to provide assistance and advice.
Scope Markets stands out as a highly regulated broker, maintaining transparent and reliable service limits in the financial markets.
Frequently Asked Questions about Scope Markets
Q: Is Scope Markets suitable for beginner investors?
A: Yes, we have suitable accounts for beginner investors and accessible self-learning resources. If you would like more information about us, please visit our main website or contact us via live chat for assistance.
Q: How long does it take to deposit money?
A: Your deposit can be processed within a few minutes, except for bank transfers, which may take 1-3 business days.
Q: What is the maximum leverage offered by Scope Markets?
A: We offer leverage up to 1:1000 for you to choose from.
