Scope Markets broker Accounts

scope markets Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

scope markets Account Types Explained

Scope Markets offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types along with their features.

1. Standard Account

• Minimum Deposit Requirement: $10
• Spread/Commission Structure: Floating spreads from 0.9 pips, no commission fees.
• Leverage Options: Up to 1:1000.
• Key Features: Suitable for beginners, access to a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

2. ECN Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 0.0 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Direct market access, ideal for scalpers and professional traders.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Competitive spreads with lower commissions.
• Leverage Options: Up to 1:400.
• Key Features: Enhanced trading conditions, suitable for high-volume traders.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, stocks, and cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $10
• Spread/Commission Structure: Similar to Standard Account but swap-free.
• Leverage Options: Up to 1:1000.
• Key Features: Designed for Muslim traders who require compliance with Sharia law.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

5. Demo Account

• Minimum Deposit Requirement: None (virtual funds).
• Spread/Commission Structure: Similar to the Standard Account.
• Leverage Options: Up to 1:1000.
• Key Features: Free to open, allows practice trading without financial risk.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Detailed scope markets Account Features

Features Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Direct market access.

• Tight spreads.

• Ideal for scalping.

• Pro Account:

• Enhanced trading conditions.

• Lower commission fees.

• Suitable for high-volume trading.

• Islamic Account:

• Compliance with Sharia law.

• No swap fees.

• Demo Account:

• Risk-free trading.

• Ideal for practice and strategy testing.

Disadvantages of Each Account Type

• Standard Account:

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees apply.

• Pro Account:

• Higher minimum deposit.

• More complex for beginners.

• Islamic Account:

• Limited to Muslim traders.

• Demo Account:

• Virtual funds only.

• Limited duration.

scope markets Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents in many countries, but specific restrictions may apply.
• Prohibited Countries: Not available in certain jurisdictions, including the USA and some other regions.
• Identity Verification Documents Needed: Government-issued ID (passport or national ID).
• Proof of Residence Requirements: Utility bill or bank statement showing the current address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

Scope Markets adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and address before trading.

Verification Time Frames

Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Step-by-Step scope markets Account Opening Guide

Detailed Step-by-Step Registration Process

1. Visit Website and Click Registration: Go to the Scope Markets official website and click on the "Open Account" button.
2. Personal Information Entry: Fill in your email and create a password. Agree to the terms and conditions.
3. Choose Account Type: Select the account type you wish to open (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify your trading preferences and risk tolerance.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for account verification, which usually takes 1-3 business days.
7. Fund Your Account: Once verified, deposit funds into your account using the available payment methods.
8. Start Trading: After funding, you can begin trading on your chosen platform.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, although the mobile interface may have a more streamlined layout.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Email verification not received.
• Solution: Check spam/junk folders or request a new verification email.

Average Account Approval Time

Typically, account approval takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

To change your account type, contact customer support through the platform's help section.

scope markets Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments available in live accounts.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

• Visit the Scope Markets website and select the demo account option.
• Fill in the required information and submit.

Demo Account Limitations

• Virtual Balance Amount: Typically, demo accounts come with a virtual balance of $10,000.
• Duration/Expiry of Demo Accounts: Demo accounts may expire after a certain period of inactivity, usually around 30 days.

Virtual Balance Amount

Demo accounts typically provide a virtual balance of $10,000 for practice trading.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money trading.
• Trading conditions may differ slightly in terms of execution speed and spreads.

scope markets Islamic Account Details

Swap-free/Islamic Account Availability

Scope Markets provides an Islamic account option that is swap-free and compliant with Sharia law.

Eligibility Requirements

To qualify for an Islamic account, traders must declare their need for a swap-free option based on religious beliefs.

Differences from Standard Accounts

Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

When registering, select the Islamic account option or contact customer support for assistance.

Restrictions or Special Conditions

Islamic accounts may have specific trading conditions, such as limitations on certain trading strategies.

FAQs – scope markets Account Types & Opening

1. What account types does scope markets offer？

• Scope Markets offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $10, ECN: $100, Pro: $500, Islamic: $10, Demo: None.

1. How long does scope markets account verification take？

• Verification typically takes 1-3 business days.

1. Does scope markets offer demo accounts？

• Yes, Scope Markets offers a demo account for practice trading.

1. Can I have multiple account types with scope markets？

• Yes, traders can open multiple account types.

1. Does scope markets offer Islamic/swap-free accounts？

• Yes, Scope Markets offers Islamic accounts that are swap-free.

1. What documents do I need to open a scope markets account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can contact customer support to change your account type.