Score
Scope Markets
Belize|5-10 years| https://www.scopemarkets.cn/en
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
United KingdomContact
Single Core
1G
40G
1M*ADSL
- The number of the complaints received by WikiFX have reached 20 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
Basic information
Belize
Account Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
smcapitalmarkets.com
Server Location
United States
Website Domain Name
smcapitalmarkets.com
Server IP
104.21.54.73
-
scopemarkets.co.ke
Server Location
United Kingdom
Website Domain Name
scopemarkets.co.ke
Server IP
20.108.210.129
-
scopemarkets.sc
Server Location
United Kingdom
Website Domain Name
scopemarkets.sc
Server IP
20.108.210.129
Company Summary
| Aspect | Information |
| Registered Country/Area | Belize |
| Founded Year | 2014 |
| Company Name | RS Global Ltd |
| Regulation | FSC, CYSEC |
| Minimum Deposit | $50 |
| Maximum Leverage | Up to 1000:1 |
| Spreads | From 0.9 pips |
| Trading Platforms | MT4, MT5, |
| Tradable Assets | CFDs on Currencies, Indices, Metals, Commodities, Energies, Shares, Fractional Stocks |
| Account Types | One Account, Scope Invest, Scope Elite |
| Demo Account | Yes |
| Islamic Account | Yes |
| Customer Support | Tel: +44 20 3519 3851 asiasupport@scopemarkets.com |
| Payment Methods | CUP, DC/EP, Alipay |
| Educational Tools | Economic Calendar, Dividends Calendar, Video Tutorials |
Overview of Scope Markets
Established in 2014 and regulated in multiple jurisdictions, Scope Markets is a part of the Rostro Group, a leading fintech and financial services provider. Scope Markets provides access to over 40,000 financial instruments, including equities, forex, commodities, and indices through popular powerful trading platforms like MT4, MT5, CQG, IRESS, and Bloomberg.
Scope Markets claims that it empowers clients to participate in global financial markets with its innovation and technology.
*The information published has different terms for SM Capital Markets Ltd (CySEC entity).
Pros and Cons
| Pros | Cons |
| Regulated by Cyprus Securities and Exchange Commission (CySEC) | Limited operating history (1-2 years) |
| Offers trading on indices, futures, spot energies, precious metals, shares, cryptocurrencies, and ETFs | Limited variety of account types |
| Provides access to over 40 forex currency pairs | Commission applies to CFD shares |
| Demo account available | |
| Various account types | |
| Maximum leverage up to 200:1 | |
| Multiple MT5 Version | |
| Offers trading tools like PIP Calculator, Margin Calculator, Swap Calculator, and Profit Calculator | |
| Deposit and withdrawal options with no fees |
Is Scope Markets Legit?
Scope Markets is a regulated financial institution under the Cyprus Securities and Exchange Commission. It operates under the license number 339/17.
Scope Markets is a brand name used by RS Global Ltd, a company authorized and regulated by the Financial Services Commission of Belize (“FSC”) under the Securities Industry Act 2021 with registration number 000274/2. The company is engaged both in Straight Through Processing (STP) and as a market maker. The institution's address is 6160, Park Avenue, Buttonwood Bay, Lower Flat Office Space Front, Belize City, Belize.
Market Instruments
Scope Markets offers a unique investment platform that empowers individuals to invest in fractional shares of their favorite companies. In addition, it offers a wide range of trading products, including Forex CFDs, Index CFDs, Energy CFDs, Metal CFDs, Share CFDs, Commodity CFDs, Fractional Shares, and Futures CFDs.
Account Types
One Account:
The One Account offered by Scope Markets operates on the MetaTrader 5 trading platform. It presents spreads from 0.7 pips and supports account currencies in USD, EUR, and GBP. The minimum starting deposit is $200, with a maximum leverage of 1:30. This account type allows for micro lot trading (0.01) and has a stop out level set at 50%. Commission per lot per side is $0, and it should be noted that this doesn't apply to CFD shares.
Plus Account:
The Plus Account, available on the MetaTrader 5 platform, showcases spreads starting from 0.6 pips. It offers account currencies in USD, EUR, and GBP, with a higher starting deposit of $10,000. The maximum leverage is 1:30, and micro lot trading (0.01) is supported. Similar to the Standard Account, the Plus Account also has a stop out level of 50%. Commission per lot per side is $0, excluding CFD shares.
Professional Clients:
For Professional Clients, Scope Markets provides enhanced features. Maximum leverage limits can reach up to 200:1, depending on the instrument being traded. The Margin Close Out Rule stands at 20% of the required margin.
Scope Markets also offers a demo account option for traders. This allows individuals to practice and familiarize themselves with the trading platform and its features without using real money.
How to Open an Account?
To open an account with Scope Markets, follow these steps:
- Click on the “Register” button.
- Fill in your First Name, Last Name, Email, and select your Country of Residence.
- Choose your Phone Prefix (e.g., +1) and provide your Phone number.
- Create a Password for your account.
- Click “Register” to complete the account opening process. If you already have an account, you can choose to “Sign In” instead.
Leverage
Scope Markets offers a maximum leverage of 1:30 for retail clients and up to 200:1 for professional clients.
Spreads & Commissions
Scope Markets provides spreads starting from 0.7 pips for the One Account and 0.6 pips for the Plus Account. There is no commission for both account types, with the exception that the commission does not apply to CFD shares.
Minimum Deposit
Scope Markets sets a minimum deposit requirement of 200 USD for various account types.
Deposit & Withdrawal
Scope Markets offers deposit and withdrawal options for its clients. Bank transfers have a processing time of 3-5 working days for both deposits and withdrawals, with no fees. The minimum deposit is 200 USD, while there is no maximum deposit limit. For withdrawals, the minimum is 100 USD or equivalent, with unlimited maximum withdrawals. Nuvei (formerly Safecharge), VISA, and Mastercard transactions are usually processed within 10 minutes for deposits and take 3-5 working days for withdrawals. There are no fees, and the minimum deposit and withdrawal amounts are 200 USD and 100 USD, respectively. The maximum deposit per transaction is 10,000 USD, while the maximum withdrawal per day is 50,000 USD.
Trading Platforms
MT5 Desktop - Meta Trader 5: Meta Trader 5, a widely recognized trading platform, serves as one of the leading Forex platforms globally. It presents an array of trading and analytical tools, accompanied by additional services. This platform caters comprehensively to Forex trading needs, boasting features such as 21 timeframes, real-time symbol quotes, 38 technical indicators, and 4 order execution types. Notably, it incorporates an Economic Calendar offering macro-economic news updates that can influence financial instrument prices.
MT5 Web Trader - MT5 Webtrader: The MT5 Webtrader stands as another popular trading platform option. Equipped with real-time symbol quotes, over 50 technical indicators, and support for algorithmic trading EA & MQL5, it offers advanced charts and caters to various execution models and order types. This web-based platform provides market event alerts and news updates to facilitate trading decisions.
MT5 Mobile - MT5 for iOS and Android: This mobile app includes 3 chart types, 30 technical indicators, and full MT5 account functionality. Native applications for iPhone, iPad, and Android devices allow traders to manage positions, monitor markets, and perform technical analysis on-the-go.
Scope Trader - Browser-based Platform: Scope Trader is a browser-based platform offering trading opportunities in shares, indices, currencies, and commodities. With user-friendliness and advanced features at its core, Scope Trader provides a modern web application that requires no additional plug-ins or add-ons. This platform is equipped with in-depth financial analysis tools, technical analysis support, and one-click trading from charts.
Scope Trader App - Mobile Platform: Scope Trader App caters to mobile traders, providing access to shares, indices, currencies, and commodities. This native trading application offers features parallel to the Scope Trader Web version. It includes in-depth financial analysis tools and aligns with traders seeking an enhanced trading experience through mobile platforms.
Trading Tools
1. PIP Calculator:
Scope Markets offers a pip calculator that enables traders to calculate the pip value for their chosen trading currency. This tool assists in evaluating the potential risk associated with each trade.
2. Margin Calculator:
The margin calculator provided by Scope Markets aids traders in determining the margin requirements necessary to initiate and maintain trading positions. It serves as an indicator for maintaining sufficient margin in the trading account to cover ongoing trades.
3. Swap Calculator:
Scope Markets presents a swap calculator to compute the interest rate difference between the two currencies in an open trade's currency pair. This tool calculates the overnight interest credited or debited directly to trades, impacting the overall account balance.
4. Profit Calculator:
The profit calculator offered by Scope Markets allows traders to assess the favorable outcome of a trade. This tool proves valuable for monitoring trade performance, especially when dealing with multiple positions simultaneously.
Economic Calendar
Scope Markets provides an Economic Calendar to keep traders informed about upcoming events, report releases, and announcements that could impact the markets. The calendar is a valuable tool for traders to track scheduled economic events, gaining insights into market changes and understanding the reasons behind these changes. By clicking on individual events, traders can access further information related to each event, contributing to a better grasp of market dynamics.
Customer Support
Scope Markets provides accessible customer support through various channels. Clients can reach out via email to support@scopemarkets.eu or info@scopemarkets.eu for assistance. Additionally, customer inquiries can be directed to +357 25281811. The company's physical address is Doma Building 1st floor, 227 Archeipiskopou Makariou III Avenue, 3105 Limassol, Cyprus.
Conclusion
In conclusion, Scope Markets is a regulated financial institution. It offers a range of market instruments, including forex, indices, futures, spot energies, metals, shares, cryptocurrencies, and ETFs. The company provides different account types, including the One Account and Plus Account, with varying starting deposits and leverage options. Traders can access the MetaTrader 5 trading platform, along with web and mobile versions. Scope Markets offers useful trading tools like pip, margin, swap, and profit calculators, aiding traders in risk assessment and performance evaluation.
FAQs
Can I change the time zone of the trading servers?
No, the trading servers' time zone remains fixed at GMT+3 Winter time and GMT+3 Summer time.
Are micro lots available on all platforms?
Yes, micro lots are accessible on all of Scope Markets EU's trading platforms.
When can I withdraw funds after closing positions?
After closing positions, you can withdraw the funds after a waiting period of 5 working days (T+5).
What are the transaction fees for physical stocks in different regions?
For EU Physical Stocks: 0.10% per side; For UK Physical Stocks: 0.10% per side + 0.5% Stamp Duty (buy trades); For US Physical Stocks & ETFs: 0.04 Cent per Share/ETF per side.
Keywords
- 5-10 years
- Regulated in Cyprus
- Regulated in Seychelles
- Regulated in South Africa
- Regulated in Belize
- Straight Through Processing(STP)
- Retail Forex License
- Financial Service Corporate
- Common Financial Service License
- MT4 Full License
- MT5 Full License
- Global Business
- Suspicious Overrun
- High potential risk
- Offshore Regulated
News
News Scope Markets Review: Trustworthy or Risky?
Established in 2014 and regulated in multiple jurisdictions, Scope Markets is a part of the Rostro Group, a leading fintech and financial services provider. Scope Markets provides access to over 40,000 financial instruments, including equities, forex, commodities, and indices through popular powerful trading platforms like MT4, MT5, CQG, IRESS, and Bloomberg.
2024-12-20 18:31
News Scope Markets Unveils New Logo
Scope Markets, a prominent broker has recently announced its decision to undergo a rebranding process.
2024-08-13 18:21
News Scope Markets Unveils Risk-Lowering Invest Account
Scope Markets launches a new Invest account, allowing long-only, unleveraged trading with lower capital risk.
2024-05-21 15:40
News Scope Markets Boosts UAE Offer with 23 New Dubai Stocks CFDs
Scope Markets adds 23 new Dubai-listed stock CFDs, expanding access to booming Middle East equity markets.
2024-05-08 18:09
News Scope Markets Launches Fifth Lebanese Branch
Scope Markets expands in the Middle East with its fifth branch in Lebanon, enhancing services for retail traders with a diverse portfolio of over 40,000 stocks.
2024-03-25 14:27
Review 32
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FX3380723485
South Korea
Foreign exchange and oil trading withdrawals are not being processed I have raised this issue several times before Is there any guarantee deposit system for withdrawals? Is this another scam in the midst of scams?
Exposure
07-04
Toand2
Vietnam
On September 22, I deposited money but the money did not go into my mt4 account. stk mt4:5000938. I deposited money but until today I still haven't seen any money in my account.
Exposure
2023-10-24
BETO933
Ecuador
Good morning gentlemen SM CAPITAL MARKETS, my request is for your help in being able to withdraw my investment made in your company, which according to the provisions and guidelines issued by you until the present date, you have not provided me with any news or notification in this regard. I am sure to count on your help and I anticipate my gratitude.
Exposure
2023-05-31
Mary9343
Ecuador
I request SM Capital to return the 3,000 dollars that I invested in this platform in May of the year 2022, and after two months of operation, it went into liquidation and promised its investors the return of the money with their respective interests until December of the same year, but to date, it has not fulfilled what was promised.
Exposure
2023-03-12
FX1041124421
Vietnam
How to cheat customers automaticlly
Exposure
2022-03-18
FX1041124421
Vietnam
automatically close your sell order and get money in your account in mt4
Exposure
2022-03-07
FX4133095114
Vietnam
After listening to the nv of the H.Thuong exchange, inducing me to deposit money into my MT4 account to have the trading bonus and commitment of profit, I trusted to deposit a total amount of 691,500,000 VND. From September 10, 2021, nv deliberately induced me to order with a large amount, contrary to the trend, causing my account to be in negative status, unable to withdraw money and suspend my account in a short period of time. Now that I'm in debt, my house is ruined, I appeal to scope markets to settle my compensation.
Exposure
2022-01-07
FX1041124421
Vietnam
The staff blew the account
Exposure
2021-12-28
FX1041124421
Vietnam
Burned my account
Exposure
2021-12-28
FX5256579402
Vietnam
Suggest to open account and promise 1 on 1 for profit. Then, they tell me to place a large amount of orders and there are many negative account, but they still say that it has no problem and send it. Then, it is the responsibility to deposit more money to apply the payoff insurance rate. but by the time you're back-in-the-line, and one-on-one support like before. And now I was committed to responsibility and waiting for the results of his account back, but I have not receive any results couple hours before.
Exposure
2021-12-02
FX5256579402
Vietnam
1. In mid-June 2021 after listening to the sales consultant of this company for first timn, then support 1:1 trading on the first day of burning profit in July 2021 after nearly 3 weeks with the total deposit 37,000$ 2. The second time is 11/18, after a whole month, ask me to join the group to see expert orders and traders on the group and promise to commit to making a profit, but when there is a problem, they tell me to deposit. There is a tk insurance rate to return the old capital. I followed and the scenario continued. The total amount of deposit was up to 110,000$ and was burned.
Exposure
2021-12-02
FX2323299262
Vietnam
At the beginning, broker, Dat, called many times to induce me to invest in international securities and provide me a proof of profit. After a few times like that, I was convinced and invested more than 500 USD (12 million VND). When the money arrived in my account, someone named THANH HA who claimed to be a technical expert called and said he was my direct supporter. Later on that day, HA gave me a profitable order so that I could believe it. HA coaxed me to add more money to play nonfram and said that it was sure to be profitable. Then, I would withdraw it because when I got out
Exposure
2021-11-29
FX2956310652
Vietnam
After solicitation, I will receive 100% bunot and commit to a high return on investment. During the difficult epidemic period, I trusted and deposited the middle payment gateway Ctcp, reducing the amount many times of the total amount of 5,242,000,000 vnd. But they burned my account due to fraud, customer support is not dedicated to give orders against the trend and burn my account. Now I am in heavily debt, I have difficulty complaining to Scope Markets to solve the problem. Return my money back.
Exposure
2021-11-22
FX1577662224
Vietnam
Technicians blow up investors' accounts due to taking too much orders.They abidicated their responsibilities and blamed the makret for this.
Exposure
2021-11-22
FX4118130443
Vietnam
After 5-7 days of phone calls to seduce me with bonus policies of up to 50% and help me make a profit during this difficult epidemic, I trusted and deposited many times with a total of 188,000,000vnd to ctcp Ngan Luong intermediary payment gateway. But all of my accounts were burned by fraud and the customer support is not dedicated to solve the problem. Burned my account and now I am heavily in debt. If I complain in this platform, I want the platform Scope Makets to solve it satisfactorily for me
Exposure
2021-11-22
FX1703343840
Vietnam
Phone number 0866230831 contacted me and said that he was a support staff for client investment for Scope Markets. This person made my friend zalo and constantly called me and sent me information and signals related to Scope Markets and stocks. He guides me to use Meta Trader 4 and open an account for me, when I have agreed to invest and follow the requirements of transferring 11 million 500 thousand to account number 0541000197891 of vietcombank, I did not get deposit on Meta Trader 4. I hope WikiFX could help me.
Exposure
2021-11-22
truongan Phan
Vietnam
On September 29, after I made the 3rd deposit, I was trading and suddenly the account order popped out, causing the trading orders to jump out. When I asked the staff, he read the order with the name and said that the exchange transferred the bonus balance so I withdrew this fund. even though they promised to give me 100% bonus, but only gave me 50% bonus eventually. When the money was withdrawn, my account became negative and the trading orders were thrown out and automatically stop loss.
Exposure
2021-11-19
truongan Phan
Vietnam
Scope Market's staff is Phi Hai Linh at 0866.232,038 and Quynh Nhu at 0374.169.05; 0846,663.224.As introducing myself as an expert, led me to deposit money to surf foreign currency pairs and always reassured me that I would be fine, just follow Nhu's instructions, leading to only one week from September 24th. 2021 to October 1, 2021 burned my 86 million dong. After I was unable to deposit and was afraid I would report it, they pushed me out of the zalo group "Update market signals" that they created to lure me in.
Exposure
2021-11-07
truongan Phan
Vietnam
The staff of floor are Phi Hai Linh at 0866.232.038 and Quynh Nhu 0374169005; 0846663224 entices me to join stocks. In which, Quynh Nhu, introduced by the exchange as an expert, led and read orders for me to invest in foreign currency pairs. As always reassured me that it was okay to follow Nhu's instructions, and in just one week from September 24, 2021 to October 1, 2021, I burned out 86 million dong After seeing that I couldn't get rid of it. money they immediately pushed me out of the group zalo
Exposure
2021-11-07
FX8240523282
Vietnam
On July 16, 2021, I was advised by Long to open an account at with ID4339247. And I lost 316 million in just one week for the following reason: initially, the floor let the support person read the order and hit it later. the more the order goes against the market, leading to negative tk then L keeps saying negative status k. but more and more negative numbers, the military expert in risk management came in to support, then I followed Q and L's orders to cut a few orders that unbalanced tk, leading to tk being burned.
Exposure
2021-11-06