Scope Markets Broker Review

Scope Markets 2025 Review: Everything You Need to Know

In this comprehensive review of Scope Markets, we will explore the broker's offerings, user experiences, and expert opinions. Overall, Scope Markets is characterized by competitive trading conditions and a user-friendly interface, making it appealing for both novice and experienced traders. However, potential clients should be aware of its regulatory framework and the limitations associated with its various entities.

Note: It is essential to recognize that Scope Markets operates under different regulatory jurisdictions. This may impact the trading conditions and available services depending on the region.

Ratings Overview

Category	Rating (out of 10)
Account Conditions	7.5
Tools and Resources	8.0
Customer Service and Support	7.0
Trading Setup (Experience)	8.5
Trustworthiness	6.5
User Experience	8.0
Additional Features	7.0

How We Rated the Broker: Ratings are based on a thorough analysis of user feedback, expert opinions, and comparative data from various sources.

Broker Overview

Established in 2013, Scope Markets has evolved into a well-regarded broker in the forex and CFD trading arena. The broker operates under multiple regulatory bodies, including the Belize Financial Services Commission (FSC) and the Cyprus Securities and Exchange Commission (CySEC). This dual regulation allows Scope Markets to cater to a global clientele while ensuring compliance with local laws. The trading platforms offered include the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are known for their robust features and user-friendly interfaces. Traders can access a diverse array of assets, including forex, indices, metals, and commodities.

Detailed Section

Regulated Geographical Areas

Scope Markets operates under different regulatory frameworks, with the FSC in Belize and CySEC in Cyprus being the primary authorities. While the CySEC provides a higher level of regulatory oversight, the Belize entity may have less stringent requirements. This disparity can affect the trading environment, making it crucial for traders to understand the implications of these regulations.

Deposit/Withdrawal Currencies and Cryptocurrencies

Scope Markets allows deposits and withdrawals in multiple currencies, including USD, EUR, and GBP. The broker does not support cryptocurrency trading directly but does facilitate crypto deposits and withdrawals through licensed third parties. This feature may appeal to clients looking for flexibility in managing their funds.

Minimum Deposit

The minimum deposit requirement to open a live account with Scope Markets is set at $50, making it accessible for many traders. This low entry barrier is attractive, especially for beginners who want to test their strategies without a significant financial commitment.

Bonuses/Promotions

Scope Markets offers various promotional incentives, including a welcome bonus of up to 50% on the initial deposit. Such bonuses can enhance the trading capital available to new clients, allowing them to explore the platform more extensively.

Tradable Asset Categories

Traders at Scope Markets can access a wide range of financial instruments, including forex pairs, commodities, indices, and metals. This diverse offering allows for a broad spectrum of trading strategies, catering to various trading styles and preferences.

Costs (Spreads, Fees, Commissions)

Scope Markets is known for its competitive cost structure, with spreads starting as low as 0.9 pips. Importantly, the broker charges no commissions on trades, which can significantly reduce trading costs for active traders. However, some users have reported that spreads can widen during periods of high volatility, which is a common occurrence in the industry.

Leverage

Scope Markets offers leverage up to 1:500, depending on the regulatory jurisdiction. However, as a European broker, it adheres to ESMA regulations, which limit leverage to a maximum of 1:30 for major currency pairs. Traders should exercise caution when using high leverage, as it can amplify both gains and losses.

Allowed Trading Platforms

The broker provides access to MT4 and MT5, both of which are popular among traders for their extensive features and customization options. The availability of these platforms ensures that traders can utilize advanced tools for analysis and automated trading.

Restricted Regions

Scope Markets does not accept clients from certain regions, including the United States and several European countries. This limitation may affect potential clients looking to open an account with the broker.

Available Customer Service Languages

Scope Markets offers customer support in multiple languages, including English, Spanish, Arabic, and Vietnamese. This multilingual support can enhance the user experience for clients from diverse backgrounds.

Ratings Overview (Repeated)

Category	Rating (out of 10)
Account Conditions	7.5
Tools and Resources	8.0
Customer Service and Support	7.0
Trading Setup (Experience)	8.5
Trustworthiness	6.5
User Experience	8.0
Additional Features	7.0

Detailed Breakdown of Ratings

Account Conditions

Scope Markets offers a single account type, which simplifies the choice for traders but may not meet the needs of those looking for specialized accounts. The minimum deposit is low, and the absence of commissions is a definite plus.

Tools and Resources

The broker provides a variety of tools, including economic calendars and market analysis resources. However, some users have noted that educational resources could be more comprehensive.

Customer Service and Support

While customer service is generally responsive, some users have reported longer wait times during peak hours. This aspect could be improved to enhance overall user satisfaction.

Trading Setup (Experience)

The trading platforms are highly rated for their functionality and ease of use. MT4 and MT5 provide robust features that cater to both beginner and experienced traders.

Trustworthiness

Scope Markets is regulated by the FSC in Belize and CySEC in Cyprus. However, the tier-3 regulation in Belize raises some concerns about the overall trustworthiness compared to brokers regulated by stricter authorities.

User Experience

Users generally report a positive experience with the broker, appreciating the user-friendly interface and the variety of trading instruments available. However, the lack of 24/7 customer support is a common concern.

Additional Features

Scope Markets stands out for its competitive spreads and the absence of deposit and withdrawal fees, which can significantly enhance the trading experience.

In conclusion, Scope Markets presents itself as a competitive option for traders looking for a reliable broker with low entry barriers and a diverse range of assets. However, potential clients should carefully consider the implications of its regulatory framework and the limitations associated with its various entities.