Scope Markets review

Regulated by

Belize FSC (1943611); Mauritius FSC (GB19024853); Kenya CMA (Forex 123, Derivatives 143) through group entities

Regulator tier

Tier 2

Register entry

Belize FSC register, RS Global Ltd registration 1943611

Client money segregated

Yes

Held at

Local top-tier banks

Negative balance protection

No

Compensation scheme

No statutory investor compensation scheme for Belize clients

Audited by

Independent external auditors

Not available to

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

A licence is the first thing a fake broker cannot produce, so it is the first thing to check.

Scope Markets's licence is offshore (FSC). Offshore entities typically offer higher leverage and lighter reporting, and compensation schemes do not apply - the trade-off is protection, not price.

An FSC licence (Mauritius or Belize, depending on the entity) is an offshore authorisation with lighter reporting duties than a tier-one regulator.

Check the licence yourself: the Mauritius FSC register of licensees.

Legal entity

RS Global Ltd

Company number

1943611

Headquarters

Belize City, Belize

Founded

2014

Publicly listed

No

Parent company

Rostro Group

Employees

Approx. 100-500 group-wide

Also trades as

Scope Markets

Deposit methods

Visa, Mastercard, bank wire, Neteller, Skrill, VietQR, Mobile Money, ZaloPay, UnionPay, Alipay, FPX and regional payment methods

Withdrawal methods

Bank transfer, cards, e-wallets and supported original funding methods

Deposit time

Many cards/e-wallets/local methods instant or same day; bank wire several business days

Withdrawal time

Generally 1-2 business days processing; cards/wires can take 3-5 business days

Minimum withdrawal

$50 / €50 / £50

Local payment methods

VietQR; Mobile Money; ZaloPay; UnionPay; Alipay; FPX and other regional methods

Spread from

0.0 pips

EUR/USD spread

Approx. 1.0 pip

GBP/USD spread

Approx. 1.2 pips

Commission

$0 on standard forex pricing

All-in cost, EUR/USD

Approx. 1.0 pip

Spread type

Variable

Overnight swap

Both: overnight swaps may be charged or credited

Inactivity fee

$10/month after 6 months inactivity

Deposit fee

Generally none internally; method/currency-dependent charges may apply

Withdrawal fee

First withdrawal per day and up to five per week free; excess withdrawals may incur $35 equivalent

Currency conversion

No conversion fee for specified major currencies; up to 3% spread for applicable exotic currency conversion

Costs matter less than whether you can withdraw, but an offer that looks impossible usually is.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Scope Markets lists a minimum deposit of $50. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Minimum deposit

$50

Account types

One Account, Plus Account, Cents Account, Scope Invest, Islamic/Swap-Free, Demo

Account currencies

USD, EUR, GBP

Islamic account

Yes

Demo account

Yes

Professional account

Yes, institutional/professional services available

Minimum trade size

0.01 lots

Time to open

Typically a few minutes

Markets

Forex, Shares, Indices, Metals, Energies, Soft Commodities, Futures, Cryptocurrencies

Currency pairs

40+

Total instruments

1,000+

Crypto CFDs

Yes

Maximum leverage

1:3000

Execution model

Market maker / principal with liquidity-provider execution

Execution speed

Under 100ms

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop and MetaTrader pending orders

Servers

Global low-latency financial data-centre infrastructure

Leverage up to 1:3000 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

Scope Markets covers forex, shares, indices, metals, energies, soft commodities, futures, cryptocurrencies. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, bank wire, neteller, skrill, vietqr, mobile money, zalopay, unionpay, alipay, fpx and regional payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 5, IRESS

Own platform

No

Mobile app

Third-party

Browser trading

Yes

Automated trading

Yes, MetaTrader Expert Advisors

Copy trading

Yes

Indicators

38+ MT5 indicators plus custom indicators

Third-party tools

MetaTrader 5, IRESS

API access

Yes, institutional/API connectivity

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

Support hours

24/5

Contact channels

Live chat, email, phone, contact form

Languages

Multilingual

Telephone

+44 20 3051 6959

Email

support@scopemarkets.com

Live chat response

Typically within minutes

Education

Extensive: trading courses, webinars, ebooks, video tutorials, platform education, articles and trading guides

Research

Market analysis, technical/fundamental analysis, market news, trading tools and daily commentary