In this Scope Markets Review, we are going to take a look at the offer that this broker prepared for its traders. Scope Markets is regulated by the CySEC in Cyprus. Scope Markets operates on the financial market since 2014. When it comes to trading platforms, the broker features MetaTrader 5. The Scope Markets minimum deposit is 200 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this Scope Markets Review
Website address: | https://www.scopemarkets.eu/ |
Operated by: | SM Capital Markets Ltd |
Licensed and authorised by regulatory bodies: | CySec |
Supported languages: | English and Spanish |
Customer support available via: | E-mail, phone, live-chat |
Contact details: | [email protected] +357 25281811 |
Available deposit methods: | Bank Trasfer |
Available withdrawal methods: | Bank Trasfer |
Minimum deposit: | 200 USD |
Min. trade in lots: | 0.01 |
Spreads: | Typical spread on the currency pair EUR/USD - 1,5 pips * on standard account type |
Tradable assets: Might be a CFD. | Forex (45), stocks (170), indices (15) |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | MetaTrader 5 |
Social trading: |
Scope Markets Fees (typical spreads)
We have scanned fees (typical spreads) that Scope Markets charges when trading popular currency pairs, here is their breakdown in pips.
EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
---|---|---|---|---|---|
1,8* | 1,5* | 2,1* | 1,6* | 2,0* | 1,4* |
*Typical spreads were recorded on 26.07.2020 at 09:55 for the standard account. Scope Markets spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: Esplanade-MS, FX-Edge, Kraken and FXVC
Frequently Asked Questions
🧐 Is Scope Markets a Scam?
Scope Markets is a broker licensed and regulated by the CySec. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that Scope Markets is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the Scope Markets minimum deposit?
In order to start trading with Scope Markets , you have to deposit at least 200 USD (Trading accounts can also be held in USD,EUR,GBP).
📵 What deposit and withdrawal methods Scope Markets supports?
⚖️ Would you recommend me choosing Scope Markets ?
We don’t have our own personal experience with Scope Markets . However, because the broker is regulated by the CySec, there is a high chance that it is not a scam. With that being said, it still does not mean that Scope Markets is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.