ScoreCM 2025 Review: Everything You Need to Know
ScoreCM, a relatively new player in the forex brokerage market, has garnered attention for its competitive trading conditions and educational resources. However, the broker's lack of robust regulation raises concerns for potential traders. Overall, the feedback on ScoreCM is mixed, with some users praising its low spreads and user-friendly platform, while others express apprehension due to its offshore status and limited asset offerings.
Note: It is crucial to recognize that ScoreCM operates under different entities in various regions, which may affect the level of regulation and client protection. Due diligence is essential when considering an offshore broker like ScoreCM.
Rating Overview
We evaluate brokers based on a combination of user feedback, expert analysis, and factual data.
Broker Overview
Established in 2024, ScoreCM (short for Score Capital Markets) is an offshore forex broker based in Dominica and Mwali. It offers trading on the well-known MetaTrader 5 (MT5) platform, providing access to over 40 currency pairs, indices, metals, and energies. While ScoreCM boasts high leverage options of up to 1:1000 and low spreads, it operates under regulatory oversight from the Financial Services Unit (FSU) in Dominica and the Mwali International Services Authority (MISA), which may not provide the same level of client protection as more established regulatory bodies.
Detailed Review
Regulatory Environment
ScoreCM operates under different regulatory frameworks depending on the jurisdiction. The broker is registered with the FSU and MISA, but it lacks oversight from more reputable regulators like the FCA or ASIC, which raises concerns about client protection. According to WikiBit, ScoreCM has been rated poorly in terms of trustworthiness, with a score of 1.16 out of 10, indicating significant risks for traders.
Deposit and Withdrawal Options
ScoreCM allows deposits and withdrawals in various currencies, including USD and EUR, with a minimum deposit requirement of just $10. The broker supports several funding methods, including e-wallets like Sticpay, FasaPay, and Perfect Money, as well as cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). Notably, there are no fees for processing deposits or withdrawals, although clients are responsible for any network fees incurred during cryptocurrency transactions.
While ScoreCM does not prominently feature bonuses or promotions, its low minimum deposit requirement and competitive spreads serve as attractive incentives for new traders. Users have noted that the broker's educational resources, which include trading courses categorized by skill level, are a significant advantage. According to the ScoreCM website, these educational materials cover essential topics such as technical analysis and trading system development.
Asset Classes Available
ScoreCM offers a limited selection of trading instruments compared to other brokers. Currently, traders can access over 40 forex pairs, 6 indices, and a few commodities and metals. However, the absence of stock and cryptocurrency trading is a notable drawback, especially given the rising popularity of these asset classes among retail traders. This limitation may deter potential clients looking for a more diverse trading portfolio.
Costs (Spreads, Fees, Commissions)
ScoreCM's cost structure is competitive, with spreads starting from 1 pip for standard accounts and as low as 0.1 pips for elite accounts. The broker charges a commission of $3.5 for pro and elite accounts, which is relatively standard in the industry. However, traders should be aware that spreads may widen during high market volatility, which could impact trading costs. As noted by user reviews, the broker's execution speed is generally praised, with many users reporting quick transaction times, especially when using cryptocurrency deposits.
Leverage
One of ScoreCM's standout features is its leverage, which can go up to 1:1000. This high leverage can be appealing to experienced traders looking to maximize their potential returns. However, it also poses significant risks, as trading with high leverage amplifies both profits and losses. New traders should approach such high leverage with caution and consider their risk tolerance carefully.
ScoreCM primarily offers trading through the MetaTrader 5 platform, which is well-regarded for its advanced charting tools and user-friendly interface. Users have reported a positive experience with the MT5 platform, noting its suitability for both novice and experienced traders. However, the lack of alternative platforms may limit options for traders who prefer different trading environments.
Restricted Regions
While ScoreCM accepts clients from various regions, there are restrictions in place for certain countries. Traders should verify whether their country of residence is eligible to open an account with ScoreCM before proceeding.
Available Customer Service Languages
ScoreCM provides customer support in multiple languages, ensuring that traders from diverse backgrounds can receive assistance. The support team is available 24/5 through live chat, email, and phone, although some users have reported delays in response times.
Final Rating Overview
In conclusion, while ScoreCM offers competitive trading conditions and educational resources, its offshore status and limited regulatory oversight are significant concerns. Potential traders should conduct thorough research and consider their risk tolerance before engaging with this broker. As always, due diligence is key when exploring opportunities with offshore forex brokers like ScoreCM.
