Scope Markets Review 2022

Scope Markets offers day trading and investing in over 250 spot & CFD instruments. The firm is regulated and boasts competitive trading conditions, several account types and a range of payment methods.

Scope Markets is broker that offers traders CFD, Forex, Stocks and Futures. Interestingly, Scope Markets supports the MetaTrader5 trading platform, but not the hugely popular MetaTrader4 predecessor at this point.

In terms of features offered to traders, Scope Markets has Islamic Accounts and Auto Trading but is missing Demo Accounts, Social Trading and Signals.

Careful traders will be pleased to know that Scope Markets is licensed to provide trading services by multiple regulatory bodies, 3 in fact. Note, however, that the FCA here in the UK is not among them. Prudent traders might want the extra safety of going with an FCA-regulated broker.

Scope Markets Summary

Scope Markets offers day trading and investing in over 250 spot & CFD instruments. The firm is regulated and boasts competitive trading conditions, several account types and a range of payment methods.

Ratings

50%
Trust
66%
Instruments
42%
Features
BonusNone
InstrumentsCFD, Forex, Stocks, Futures
Demo Account
Min. Deposit$500
Min. Trade0.01 lots
Regulated ByCMA, CySEC, FSCA
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps iOS & Android
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Scope Markets clients can trade up to 63 CFD instruments, covering forex, precious metals, energies, indices and global shares.

Leverage1:30 Retail, 1:100 Professional
FTSE Spread0.4
GBPUSD Spread1.0
Oil Spread0.2
Stocks SpreadVariable

Forex Trading

Scope Markets offers MT5 trading for a range of major, minor and exotic currency pairs with leverage rates as high as 1:30 for retail clients and 1:100 for professional traders.

GBPUSD Spread1.0
EURUSD Spread1.0
EURGBP Spread1.0
Assets44

Payment Methods

Scope Markets accepts the following payment methods:

  • Credit Card
  • Debit Card
  • Wire Transfer
  • Skrill
  • Neteller
  • M-Pesa
  • Mastercard
  • Visa
Risk Warning – Your capital is at risk

FAQ

Is Scope Markets Safe?

Yes, most likely, as we gave Scope Markets a trust score of 50% in this review. The main negative factor in this score is that Scope Markets is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.

Does Scope Markets Accept PayPal?

No, Scope Markets does not accept PayPal payments.

Is Scope Markets Halal?

Yes, Scope Markets does offer an Islamic trading account and should thus be Halal to trade with.

What trading platforms does Scope Markets support?

Scope Markets only supports the MetaTrader 5 trading platform at this time.

Is Scope Markets Regulated?

Yes, Scope Markets is regulated by 3 different regulators: CMA, CySEC and FSCA.

The fact that Scope Markets is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.

Scope Markets vs Other Brokers

If you want to compare Scope Markets with other brokers, use the detailed comparisons below.

Scope Markets vs
Scope Markets offers day trading and investing in over 250 spot & CFD instruments. The firm is regulated and boasts competitive trading conditions, several account types and a range of payment methods.