Scope Markets review

Our rating

Scope Markets scores 6.9 out of 10 on our table. That figure is an average of six things we assess, and it hides the shape of the broker: its strongest area is regulation at 8.4, its weakest is education at 3.7. Whether that gap matters depends entirely on which of the six you were going to use.

Regulation and safety8.4/10

Scope Markets lists its authorisations as Belize FSC (1943611); Mauritius FSC (GB19024853); Kenya CMA (Forex 123, Derivatives 143) through group entities. Those are offshore authorisations. Offshore licensing is not a synonym for dishonest, but it does mean lighter reporting, higher permitted leverage and, usually, no compensation scheme - the trade is protection for flexibility.

The licence that matters to you is the one held by the entity that opens your account, and at a multi-entity broker that is decided by your country of residence. Its registration can be checked directly on the Belize FSC register, RS Global Ltd registration 1943611. It is a two-minute check and it is the only way to confirm that the firm taking your deposit is the firm named on the website.

Client money is held separately from the firm's own funds, with local top-tier banks - so that if the business fails, client balances are not part of what its creditors can reach. There is no negative balance protection on our record. On a leveraged product that is the most consequential line on this page: a fast gap can take the account below zero and leave you owing the difference.

No statutory compensation scheme stands behind it. If the firm fails, recovering client money is an insolvency process rather than a claim - which is the practical difference between an offshore licence and a tier-one one.

Scope Markets does not accept clients from American Samoa, Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czechia, Denmark, El Salvador, Estonia, Finland, France, Germany, Greece, Guam, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Northern Mariana Islands, Norway, Poland, Portugal, Puerto Rico, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom, United States, US Virgin Islands and additional restricted jurisdictions. Restriction lists move, so confirm your own country before you spend time on an application.

What it costs to trade8.1/10

Scope Markets advertises spreads from 0.0 pips. There is no separate commission on its standard pricing, so the whole of the broker's charge sits inside that spread - one number to think about, and no arithmetic at the end of the month. Put the two together and a EUR/USD round turn works out at approx. 1.0 pip, which is the figure worth comparing against other brokers.

An advertised minimum is the best price a broker has ever quoted, not the price you will get. On our record its measured average on EUR/USD is approx. 1.0 pip, and approx. 1.2 pips on GBP/USD. Spreads are variable, so they move with liquidity and widen around releases and the daily rollover.

Positions held overnight accrue a financing charge, which is irrelevant to a day trader and compounds for anyone holding for weeks.

Leave the account dormant and it costs you: $10/month after 6 months inactivity. That is the charge most often missed when comparing brokers, and it matters disproportionately if you trade seasonally or infrequently.

Platforms and tools8.4/10

Scope Markets runs MetaTrader 5, IRESS. MetaTrader 5 without MetaTrader 4 is worth noting if you are bringing existing software - two decades of expert advisors are written in MQL4 and none of them will run here.

Automation is supported: Yes, MetaTrader Expert Advisors. There is API access (yes, institutional/API connectivity) for anyone connecting their own software. Copy trading is available through yes, which is the alternative to writing rules yourself.

Charting runs to 38+ MT5 indicators plus custom indicators. Additional tools include MetaTrader 5, IRESS. On mobile: third-party.

Markets, leverage and execution7.5/10

Scope Markets covers Forex, Shares, Indices, Metals, Energies, Soft Commodities, Futures, Cryptocurrencies. That comes to 1,000+ instruments in total. On the currency side specifically it lists 40+ pairs. Breadth is worth less than depth in the markets you actually trade - a hundred instruments priced well beats a thousand you will never open.

Leverage runs to 1:3000 on the entity that offers most. That does not improve your expected return; it lowers the deposit a given position requires, and shortens the move needed to close you out. Whatever the headline, the number that governs your position is the margin requirement on the specific instrument - it is always lower on shares and crypto than on major currency pairs.

Execution is market maker / principal with liquidity-provider execution, meaning the broker is the counterparty to your trade rather than routing it to an external venue. It is a legitimate and very common model, and it is worth knowing which one you are dealing with. Measured speed is under 100ms. Its servers sit in global low-latency financial data-centre infrastructure, which is what determines latency more than any software choice.

Order types available: market, limit, stop, stop-loss, take-profit, trailing stop and MetaTrader pending orders. Stops and limits are table stakes; what separates platforms is whether the ones you rely on are there and how quickly they can be modified once a position is open.

Accounts

Account types run to One Account, Plus Account, Cents Account, Scope Invest, Islamic/Swap-Free, Demo. The minimum deposit is $50. The smallest position it will take is 0.01 lots, which is what actually governs how precisely you can size risk on a small account.

A demo account is available, which is the cheapest way to find out whether the platform suits you. Swap-free Islamic accounts are offered. Professional classification is available for clients who qualify, which lifts leverage caps and lowers the protections that come with retail status - a trade rather than an upgrade. Opening takes typically a few minutes.

Accounts can be denominated in USD, EUR, GBP. Funding in the currency you trade removes a conversion charge from every position, which is a small saving repeated indefinitely.

Deposits and withdrawals

Deposits can be made by Visa, Mastercard, bank wire, Neteller, Skrill, VietQR, Mobile Money, ZaloPay, UnionPay, Alipay, FPX and regional payment methods. They clear in many cards/e-wallets/local methods instant or same day.

Withdrawals go out by bank transfer, cards, e-wallets and supported original funding methods. Expect generally 1-2 business days processing. The minimum withdrawal is $50 / €50 / £50. Check the withdrawal routes rather than the deposit ones. They are frequently not the same list, anti-money-laundering rules usually require funds to return the way they came, and the difference only becomes apparent at the point you want your money back.

Local payment methods include VietQR; Mobile Money; ZaloPay; UnionPay; Alipay; FPX and other regional methods - which matters more than it looks if you are outside the broker's home market, since an international wire is slow and expensive compared with a domestic transfer.

Support and education5.3/10

Support runs 24/5, which covers the trading week but not the weekend - relevant if you hold positions through it, and particularly if you trade crypto. You can reach them by live chat, email, phone, contact form. Live chat typically answers in within minutes. Support is offered in multilingual.

Its education is substantial - trading courses, webinars, ebooks, video tutorials, platform education, articles and trading guides - which is the difference between a broker that will teach you and one that will simply take the deposit. Research output covers market analysis, technical/fundamental analysis, market news, trading tools and daily commentary.

The company behind the brand

The company behind the brand is RS Global Ltd, registered as 1943611. It operates from Belize City, Belize. It has been trading since 2014, so there is about 12 years of record to look at.

It sits within Rostro Group. It is privately held, so its finances are not published the way a listed group's are. Headcount is in the Approx. 100-500 group-wide range.

You may also see it under Scope Markets. Brands and legal entities rarely map one to one in this industry, and the name on the website is not always the name on the client agreement.