Overall Rating: ★★☆☆☆ (2.6/5.0)

Scope Markets is a forex and CFD broker that offers a range of financial instruments, including forex, indices, commodities, and stocks, through the MetaTrader 4 (MT4) platform. Founded in 2019, the broker targets both retail and professional traders with competitive leverage, a variety of account types, and the ability to trade on major global markets. While Scope Markets claims to offer seamless execution, low spreads, and high leverage, it remains an unregulated broker, with serious concerns regarding its operational transparency and lack of investor protection.

This Scope Markets review will dive into its features, trading conditions, regulation status, and overall safety for traders in 2025.

Key Features

Scope Markets caters to traders with flexible account options, competitive leverage, and an easy-to-use platform.

• Trading Platforms:
  • MetaTrader 4 (MT4)
  • No support for MT5 or proprietary platforms
• Markets Offered:
  • Forex, commodities, stocks, indices, and cryptos
  • 200+ tradable instruments
• Account Types:
  • Standard, ECN, VIP, and Islamic accounts
• Leverage:
  • Up to 1:500 (offshore clients)
  • Up to 1:30 (EU retail clients)
• Minimum Deposit:
  • $100
• Funding Methods:
  • Bank transfer, credit/debit cards, Skrill, Neteller, and crypto

Regulation and Security

Scope Markets is unregulated, which raises concerns over its credibility and safety for traders.

• Registered in Seychelles (likely an offshore entity)
• No regulation by any Tier-1 financial authority (FCA, CySEC, ASIC, etc.)
• No investor protection or compensation scheme
• No negative balance protection confirmed
• No fund segregation policies published

Pricing and Costs

Scope Markets offers competitive pricing, but without full transparency on fees and spreads.

• Spreads:
  • From 0.2 pips on major forex pairs (ECN account)
  • 1.0 pips on Standard account
• Commission:
  • ECN: $5 per lot round-turn
• Deposit/Withdrawal Fees:
  • No deposit fees; fees may apply for withdrawals depending on method
• Inactivity Fee:
  • $30 per month after 6 months of inactivity

Educational Resources and Customer Support

Scope Markets offers a minimal educational environment, focusing on basic platform tools and support.

• Education:
  • Basic tutorials and articles
  • No advanced trading courses or webinars
• Market Analysis:
  • Limited daily market news
  • No detailed technical or fundamental analysis
• Customer Support:
  • 24/5 live chat, phone, and email support
  • Multilingual support available
  • Inconsistent response time and mixed feedback

Risk Management Tools

Scope Markets offers standard MT4 risk management features, but no advanced tools or protections.

• Stop-loss, take-profit, and trailing stop orders
• No guaranteed stop-loss orders (GSLOs)
• No confirmed negative balance protection policy
• No margin alerts or professional risk monitoring tools

Pros and Cons

Pros

• Offers MT4 access with competitive leverage
• Multiple account types to suit different traders
• Relatively low minimum deposit requirement
• Crypto funding options available

Cons

• Unregulated and offshore with no investor protection
• No MT5 support and limited platform choices
• Lack of transparency regarding spreads and fees
• Customer support and service quality issues
• Inactivity fees apply after 6 months

Conclusion: Is Scope Markets the Right Choice?

Scope Markets is a high-risk broker due to its unregulated status, lack of transparency, and offshore operations. While it offers competitive leverage and low deposit requirements, the absence of investor protection, poor customer service, and no guaranteed stop-loss options make it unsuitable for serious traders. For those seeking a safer trading environment, it is highly recommended to opt for regulated brokers such as Pepperstone, IC Markets, or AvaTrade.