Broker Scope Markets announced its return to the Chinese market at the end of the year following the completion of its acquisition by Rostro Group.
The broker left the Chinese market in 2021 due to complex regulatory and economic conditions that negatively impacted demand.
Once open, Scope Markets will provide Chinese investors with a wide range of trading instruments, including indices, commodities, and currencies, available on MT4 or MT5 platforms, as well as its own online trading service and app, according to The Industry Spread portal.
It is also known that the broker has appointed Iain De Havilland as managing partner of Scope Markets in Asia. His responsibilities will include overseeing Scope Markets' operations in China, Taiwan, and Hong Kong.
"Returning to the Chinese market is an exciting step for our Scope Markets brand. We had built a loyal following in the country, so we look forward to rekindling many of those strong relationships as well as working with new clients, too," said Michael Ayres, CEO of Rostro Group.
"Scope is a well-respected brand in China thanks to our global reach, high quality of customer service, and strong relationship with regulators at the highest level. We are confident that our return to the Chinese market will be well received by the local trading community," added Paul Spirin, CEO of Scope Markets.
Scope Markets is regulated by the International Financial Services Commission of Belize (IFSC) and adheres to strict regulations and requirements, including the split account principle. The broker focuses on traders of all levels and offers a wide range of trading solutions.
