Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Scope Markets Pros & Cons
- This broker is convenient for novice traders, as the minimum deposit is only $10;
- Professional market participants will appreciate the large choice of CFDs, significant leverage, and the absence of trading restrictions;
- Since this broker has only one live account type, its clients do not need to puzzle over which account is optimal for them;
- Scope Markets is an ECN (Electronic Communication Network) broker, which ensures fast execution of trades and no delays in transactions;
- MT4 and MT5 are recognized as easy-to-use and reliable solutions that are easily customized;
- The broker has low spreads, and there are no trading fees, so the trader's costs in the trading process are minimal.
- There are many trading instruments in this broker's pool, but they are all CFDs;
- Analytics is available only for the simplest solutions, and there is no Autochartist and digests;
TU Expert Verdict
Scope Markets demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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Scope Markets User Reviews
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5-star
0%
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4-star
2%
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3-star
20%
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2-star
43%
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1-star
35%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of Scope Markets have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is Scope Markets Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria7 /10Scope Markets has a safety score of 7/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 13 years
- Not tier-1 regulated
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4 /10Scope Markets offers the following account options: Demo, Standard, ECN/Raw spread, Managed.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Low minimum deposit
- Standard account with balanced trading conditions
- No Cent account
- No VIP account option
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.8 /10Scope Markets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria7.5 /10Scope Markets offers a wider selection of trading assets than the market average, with over 40000 tradable assets available, including 40 currency pairs.
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Trading Account Opening
We successfully registered an account with Scope Markets in 7 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Scope Markets is $10.Score:We evaluated Trading Account Opening at Scope Markets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.9 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at Scope Markets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria1.4 /10
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FAQs
How is Scope Markets regulated and what safety measures does it offer?
Scope Markets has a safety score of 7/10, which corresponds to a medium security level in this review. It is regulated by the Financial Services Commission of Belize (Tier-3, no specific investor protection fund) and the Capital Markets Authority of Kenya (Tier-2, with an investor protection fund of KES 50,000), and it provides negative balance protection and mandatory KYC, but it is not classified as a Tier-1 regulated broker.
What types of trading accounts are available and how do Scope Markets clients describe their conditions in reviews?
Scope Markets offers demo, standard, ECN/raw spread, and managed accounts, but does not provide Cent or micro accounts, and swap-free and VIP options are also not listed. The section notes that traders typically start with a free demo using virtual funds and then move to a live account with a $10 minimum deposit, spreads from 0.9 pips, and leverage up to 1:1000, while also stating that Scope Markets offers only one universal live account type, and any additional user reviews on these conditions are not specified in the section.
What do user reviews say about overall satisfaction with Scope Markets?
The user satisfaction score for Scope Markets is 3.8/10 based on 49 reviews, with 43% of ratings at 2 stars and 35% at 1 star. According to user reviews, this distribution indicates that overall feedback is mostly negative, while only a small share of users left neutral or moderately positive ratings.
How does the trading account opening process work at Scope Markets?
Opening an account with Scope Markets is fully online, with a reported registration time of about 7 minutes and KYC verification typically completed within 2 business days. The process includes filling in personal details, confirming email, answering questions about income and experience, uploading identity documents, selecting the platform and base currency, and then making at least the $10 minimum deposit, although the section notes that account approval time can vary depending on the documentation.
What feedback is there on Scope Markets customer support availability and responsiveness?
The customer support safety score is 1.4/10, and the section notes that contacting support can be difficult, with responses sometimes delayed or incomplete, although it also mentions that support is generally prompt during daytime via phone, email, and live chat. Based on available user reviews and expert observations in this section, support is not available at night or on weekends, and each client is assigned a personal manager, but the overall reliability of assistance is described as low.
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