SCORECM Forex Broker

SCORECM Information SCORECM is an unregulated broker established last year in Dominica. It offers competitive trading conditions, such as fast, secure payments with no commissions and a wide range of payment methods.Pros and Cons ProsCons Fast payments with no commissionNo regulation 20＋payment methodsLess than a year of experience Analyze market trends with up to 100 technical indicators Minimum Deposit of $10Is SCORECM Legit? ScoreCM is not regulated and does not hold any licenses. The domain scorecm.com was registered on December 18, 2023, but it is not listed with any known financial regulatory authorities.What Can I Trade on SCORECM? SCORECM offers more than 50 forex currency pairs and gives traders access to more than 15 global indices with spreads starting at 1 point. For commodities such as oil and gold, the spread is as low as 0.04 points. In addition, SCORECM offers physical precious metals and supports cryptocurrency trading without a third-party wallet. Tradable Instruments Supported Forex✔ Indices✔ Commodities✔ Shares✔ Cryptocurrencies✔ Metals✔ Bond❌Account Type SCORECM offers three types of live trading accounts: Standard, Professional, and Elite. Each account is tailored to the individual trader's specific preferences and different funding needs. Account TypeInitial DepositLeverageSpreads (FX)Average Spread (FX)Margin Call / Stop OutSuitable For Standard Account$100Up to 1:1000From 1.0 pips1.2 pips25% / 20%Beginners and casual traders Pro Account$1,000Up to 1:500From 0.2 pips0.5 pips25% / 20%Intermediate traders looking for tighter spreads Elite Account$50,000Up to 1:100From 0.1 pips0.1 pips25% / 20%Experienced traders seeking premium featuresLeverage SCORECM offers flexible leverage options. For accounts with less than $1,000 in equity, the maximum leverage is 1000:1; For accounts with higher equity, leverage is gradually reduced. High leverage can bring greater returns, but it also raises risks.SCORECM Fees SCORECM Spreads SCORECM offers different spreads depending on the type of account: Standard accounts offer a spread of 1.0 points, professional accounts offer a spread of 0.2 points, and elite accounts offer a lowest spread of 0.1 points, a tiered structure that works for a variety of trading strategies.Trading Platform ScoreCM's trading platform, MetaTrader 5, is available on multiple devices including Windows, macOS, Android, and iOS. Trading PlatformSupportedAvailable DevicesSuitable for MT5✔Mobile and Desktop（Windows&macOS）Experienced Trader MT4❌Mobile and Desktop（Windows&macOS）Beginner Tradingweb Platform❌Windows, Web Browser, Android, MAC, iOSHigh-volume Traders, Scalpers, and RobotsDeposit and Withdrawal SCORECM does not charge any withdrawal fees. The minimum deposit amount is $10. Deposit and Withdrawal Options SCORECM offers a variety of deposit methods. The payment methods available are Stickpay, Fasapay, Perfectmoney, Bitcoin, Ethereum, Tether ERC20 and Tether TRC20, all of which have instant processing times. This flexible option enables users to choose a payment method according to their preferences without paying additional costs. Deposit MethodMin. DepositFeesProcessing Time Stickpay$10 or currency equivalentNoneImmediate Fasapay$10 or currency equivalentNoneImmediate Perfectmoney$10 or currency equivalentNoneImmediate Bitcoin$10 or currency equivalentNoneImmediate Ethereum$10 or currency equivalentNoneImmediate Tether ERC20$10 or currency equivalentNoneImmediate Tether TRC20$10 or currency equivalentNoneImmediateCustomer Service Brokers provide 24/5 customer support. If you have any questions, you can contact them via email, live chat, and phone service. Contact OptionsDetails Phone+44 7380 284618 Emailinfo@scorecm.com Support Ticket SystemAvailable Online ChatInstant assistance via live chat Physical Addressc/0 40 Kennedy Avenue, Roseau, Commonwealth of Dominica; Moradias Palheiro Village Est Aeroporto 38 9060-382 Funchal Ma, PortugalThe Bottom Line SCORECM is an unregulated broker less than a year old, which is not safe. However, it is appropriate for novice and intermediate traders who are searching for flexible trading choices due to its $10 minimum deposit and cheap spreads.FAQs Is SCORECM a good option for beginners? Yes, SCORECM offers a minimum deposit of just $10 and a Standard Account suitable for beginners, making it accessible for new traders. Is SCORECM good for day trading? SCORECM can be a good platform for day trading because of its competitive spreads, which start at 1.0 pip for the Standard Account and 0.2 pip for the Pro Account. Is it safe to trade with SCORECM? No, there are worries regarding the safety and dependability of SCORECM's trading because of the lack of regulation and licenses.Risk Warning Online trading carries considerable risk and therefore may not be suitable for every customer, and be aware that the above information provided in this review is subject to change.