Company Summary
| 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 |
Nguyễn Tuấn85810
Vietnam
Their attitude depends on the money you invest
Exposure
子钧
Philippines
Having been working with SM-INVEST for several years, maybe it started. I would say that this frustrates me a lot when it comes to withdrawal, truly.
Neutral
Eric99770
United Kingdom
I joined SM-INVEST about a year ago. The good point I want to mention is that it provides transparent conditions without any scam bonuses. Also, they don't take any additional or hidden fees and commissions are quite reasonable. The depositing process is almost instant and withdrawals take up to 1-2 business days. For this year I haven't had any controversial situations with them. So I enjoy trading with them!
Positive
Ismail sani Garba
United States
This is a very interested broker for trading in this platform, it was so amazing but when trading, trade with caution.
Positive
FX1047973873
Colombia
Security is the most important thing when I choose a broker. So many times I won't waste my time looking at their trading conditions first, but will look directly at their regulatory license. In my opinion, this type of offshore supervision can almost be equated with liars. I know I'm critical of it, but I can't risk my money. I really like the wikifx platform, which allows me to quickly view regulatory information.
Neutral
FX1042023725
Belarus
SM-INVEST claims that they are registered in Belize and have a Belize regulatory license, but it is so strange that their website only provides support in Vietnamese, not English.
Neutral
鸣来乒乓球俱乐部薛浩毅
Singapore
I would never choose this kind of brokers asking so high initial investment, it scares me, not safe to make such high deposit at first, yet its generous leverage up to 1:500, customer support quite responsive, really attractive… I am hesitating, anybody can give me some advice?
Neutral