Scope Markets
Scope Markets Review 2025 – Is It a Safe Forex Broker?
Thinking of trading with Scope Markets? In this detailed review, we examine Scope Markets’ regulations, account types, spreads, fees, platforms, and more. By the end, you’ll know whether Scope Markets is a suitable broker for your trading needs in 2025.
| Feature | Details |
|---|---|
| Broker Name | Scope Markets |
| Founded | 2014 |
| Headquarters | London, UK / Global offices: Kenya, Belize, Cyprus |
| Regulations | FCA (UK) – via affiliated entities, CySEC (Cyprus), CMA (Kenya), FSC (Belize) |
| Minimum Deposit | $50 – $100 (varies by region) |
| Account Types | Standard, Gold, VIP, Islamic (Swap-Free) |
| Trading Platforms | MetaTrader 4, MetaTrader 5, Scope Markets WebTrader |
| Instruments Offered | Forex, Indices, Commodities, Metals, Shares CFDs, Crypto CFDs |
| Leverage | Up to 1:500 (depending on jurisdiction) |
Regulation & Safety
Scope Markets is a multi-regulated global broker offering secure trading conditions:
- Regulated by CySEC Cyprus – License No. 339/17
- Regulated by CMA Kenya – License No. 123
- Regulated by FSC Belize – License No. 000274/30
- FCA (UK) oversight through partner entities
- Segregated client accounts
- Negative balance protection (regional availability)
Account Types Offered
| Account Type | Platform(s) | Spreads From | Commission | Minimum Deposit |
|---|---|---|---|---|
| Standard | MT4 / MT5 | ≈ 1.0 – 1.5 pips | No commission | $50–$100 |
| Gold | MT4 / MT5 | ≈ 0.8 pips | Low commission (varies) | $500+ |
| VIP / Raw | MT4 / MT5 | 0.0 pips | ≈ US$3 per lot per side | $2,000+ |
| Islamic (Swap-Free) | MT4 / MT5 | Same as Standard/Gold | Admin fee instead of swaps | $50–$100 |
Trading Platforms
- MetaTrader 4 – Reliable and EA-friendly
- MetaTrader 5 – Advanced charts, more instruments
- Scope Markets WebTrader – Simple and modern browser platform
- Mobile apps for Android and iOS
Instruments You Can Trade
- 60+ Forex pairs
- Global indices
- Gold, Silver, and other commodities
- Share CFDs from US, UK, and EU
- Crypto CFDs (depending on region)
Spreads, Fees & Commission
- Spreads: Standard from 1.0 pips; VIP from 0.0 pips
- Commission: VIP/Raw accounts ≈ $3 per lot per side
- Swap Fees: Charged on overnight positions (Islamic accounts pay admin fees)
- Deposit/Withdrawal Fees: Usually free; some local methods may include small charges
- Inactivity Fee: May apply after several months
Security & Measures
- Segregated client funds
- Strong regulatory oversight
- SSL-encrypted website & platform
- Risk management tools including stop-out mechanisms
Deposit & Withdrawal Options
| Method | Processing Time | Fees / Notes |
|---|---|---|
| Credit / Debit Card | Instant | No major fees |
| Bank Transfer | 1–3 business days | Some banks may charge fees |
| E-wallets (Skrill, Neteller, etc.) | Instant to same day | Usually free |
| Mobile Money (Kenya region) | Instant | Region-specific fees |
| Cryptocurrencies | Minutes to hours | Network fees apply |
Customer Support
- 24/5 Live Chat
- Email support
- Phone support (regional)
- Local office support in Kenya and Cyprus
Pros & Cons
Pros
- Multiple regulations including CySEC & CMA
- MT4 & MT5 + WebTrader
- Low minimum deposit
- Competitive raw spreads on VIP accounts
- Beginner-friendly
Cons
- Crypto CFDs restricted in some regions
- VIP account requires a higher deposit
- Not the lowest spreads compared to pure ECN brokers
Is Scope Markets Right for You?
Scope Markets is a solid option for beginners and intermediate traders who want a regulated broker with MT4/MT5 access, fair spreads, and local deposit options.
Advanced traders may benefit from the VIP Raw account with lower spreads and fast execution.
If you decide to choose Scope Markets:
Open Live Account with Scope Markets
FAQs About Scope Markets
Is Scope Markets regulated?
Yes — CySEC, CMA Kenya, and FSC Belize regulate the broker.
What is the minimum deposit?
$50–$100 depending on location.
Does Scope Markets offer Islamic / swap-free accounts?
Yes, Islamic versions of most accounts are available.
How tight are the spreads?
VIP spreads can reach 0.0 pips; Standard spreads are around 1.0–1.5 pips.
How long do deposits/withdrawals take?
Cards and e-wallets are instant; bank transfers take 1–3 business days.
Disclaimers
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Make sure you fully understand the risks involved before trading.
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