SCORECM foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://scorecm.com/, about the company's legal and temporary regulatory information, the company's address c/0 40 Kennedy Avenue, Roseau, Commonwealth of Dominica.
SCORECM Forex Broker
Basic information
Dominic
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
SCORECM Information
SCORECM is an unregulated broker established last year in Dominica. It offers competitive spanading conditions, such as fast, secure payments with no commissions and a wide range of payment methods.
Pros and Cons
Is 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 Type | Initial Deposit | Leverage | Spreads (FX) | Average Spread (FX) | Margin Call / Stop Out | Suitable For |
| Standard Account | $100 | Up to 1:1000 | From 1.0 pips | 1.2 pips | 25% / 20% | Beginners and casual traders |
| Pro Account | $1,000 | Up to 1:500 | From 0.2 pips | 0.5 pips | 25% / 20% | Intermediate traders looking for tighter spreads |
| Elite Account | $50,000 | Up to 1:100 | From 0.1 pips | 0.1 pips | 25% / 20% | Experienced traders seeking premium features |
Leverage
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 Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Mobile and Desktop（Windows&macOS） | Experienced Trader |
| MT4 | ❌ | Mobile and Desktop（Windows&macOS） | Beginner |
| Tradingweb Platform | ❌ | Windows, Web Browser, Android, MAC, iOS | High-volume Traders, Scalpers, and Robots |
Deposit 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 Method | Min. Deposit | Fees | Processing Time |
| Stickpay | $10 or currency equivalent | None | Immediate |
| Fasapay | $10 or currency equivalent | None | Immediate |
| Perfectmoney | $10 or currency equivalent | None | Immediate |
| Bitcoin | $10 or currency equivalent | None | Immediate |
| Ethereum | $10 or currency equivalent | None | Immediate |
| Tether ERC20 | $10 or currency equivalent | None | Immediate |
| Tether TRC20 | $10 or currency equivalent | None | Immediate |
Customer Service
Brokers provide 24/5 customer support. If you have any questions, you can contact them via email, live chat, and phone service.
| Contact Options | Details |
| Phone | +44 7380 284618 |
| info@scorecm.com | |
| Support Ticket System | Available |
| Online Chat | Instant assistance via live chat |
| Physical Address | c/0 40 Kennedy Avenue, Roseau, Commonwealth of Dominica; Moradias Palheiro Village Est Aeroporto 38 9060-382 Funchal Ma, Portugal |
The 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.
Rating Index
ETH
TETHER ERC20
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Latest Reviews
harrypellegrini
Italy
The trading bonus is really good. While the bonus itself isn’t withdrawable, I could still keep any profits earned It can be claimed few times!
Positive
02-20
Patrick Boulay
Spain
ScoreCM has been a reliable broker for me, and the spreads on major forex pairs are consistently competitive. I trade EUR/USD and GBP/USD, and the tight spreads help keep my trading costs low. the MT5 platform is fast and easy to use, and the execution speed is great. I've also found the withdrawal process to be smooth, with funds usually reaching my account within 15 to 30 minutes when using crypto.
Positive
2024-11-14
westleyH
Albania
a good ECN broker with MT5 fast withdrawal it does the job well
Positive
03-21