Scope Markets- Some Important Points about This Broker

General Information & Regulation

Scope Markets Ltd is operated by SM Capital Markets Ltd, a company registered under Belize with Registration Number 145,138. Scope Markets Ltd is authorized and regulated by the International Financial Services Commission of Belize (“IFSC”) under the license numbers 000274/221 and 000274/222. SM Capital Markets Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), with regulatory license number 339/17.

Market Instruments

Scope Markets provides investors with financial products such as forex, indices, energy, metals, and stocks.

Scope Markets Minimum Deposit

To meet the investment needs of different investors, Scope Markets offers three different types of accounts: Classic (minimum deposit of $1000), Pro (minimum deposit of $10,000), and Platinum (minimum deposit of $20,000). The minimum deposit requirements by Scope Markets is way too high, actually, many brokers require much less initial deposit amount.

Scope Markets Leverage

The maximum trading leverage avialable on Scope Markets is quite high, reaching 1:500. New traders are advised not to use such high leverage level, for leverage can magnify your returns but also risks at the sametime.

Spreads & Commissions

Scope Markets Classic accounts have fixed spreads, and no additional commissions are charged. Spreads on Pro accounts start from 1.2 pips, and no additional commissions either. Platinum accounts have a minimum spread of 0 pips and charge a commission of $3 per lot.

Trading Platforms

Scope Markets offers investors the most popular MT4 and MT5 trading platforms on the market today. MT4 is the trader's first choice when accessing global markets and trading different financial instruments. MT4 features the industry-standard with advanced technical analysis options, trading charting options, real-time pricing, indicators, and more technical advantages. MT5 is an advanced multi-functional trading platform that provides excellent tools for comprehensive price analysis and powerful trade execution. The platform allows users to create and install their own or third-party algorithmic trading applications, often called EA's. Using this feature, clients no longer need to trade manually.

Customer Support

The Scope Markets customer support team can be available 24/5 through online chat, telephone and email. The broker also has a frequently asked questions (FAQ) section on their website which covers some of the more commonly asked questions along with an answer for each.

Accepted Regions

Scope Markets does not offer its services to the residents of certain jurisdictions such as EU Member States, Iceland, Norway, Liechtenstein, Afghanistan, Democratic People's Republic of Korea, Ghana, Iran (Islamic Republic of), Iraq, Libya, Mongolia, Myanmar, Nicaragua, Panama, Somalia, Syrian Arab Republic, Uganda, United States of America, Yemen, Zimbabwe and Canada.