Scope Markets review for forex traders
Scope Markets delivers over 250 market and CFD commodities for day buying and selling stocks. The company is licensed and offers favourable trade flows, as well as a variety of account kinds and payment options.

Scope Markets is an international digital trading broker that specializes in forex, commodities, stocks, and indices, as well as leveraged and investment products.

From Nigeria and Kenya to Mexico or even beyond, the firm offers MetaTrader 5 access as well as a variety of account types, payment methods, and educational materials to fulfil the demands of most traders.

This review of 2022 Scope Securities will look at the broker's operations, client portal login, bonus offers, and assets, amongst many other things.

Scope Markets review for forex traders

Trading at Scope Markets

The company, which began as a Kenyan broker in 2014, has since extended into other markets, running one international and one Kenyan website. Scope Markets' CEO is Kevin Ng'ang'a, who is now one of EGM Securities' main stockholders. The enterprise now has three companies to represent all of its areas, with offices in Belize, Cyprus, and Kenya.

As per Scope Markets, the MetaTrader 5 (MT5) trading platform is available as a desktop client or a web-based application. MT5 is an all-in-one system that provides forth a variety of asset types in one place, such as forex, stocks, and CFDs.

MT5 is a well-known platform that offers clients a smooth, seamless, and intuitive platform that is easy to use while still delivering extensive charting.

Scope Markets assets

Scope Markets offers combined short- and long-term swing trades with stretched derivatives and spot investment products.

Traders can choose from 44 particular currency pairings and 19 different CFDs on commodities, stocks, and ETFs. The firm also offers 200 exchange-traded funds (ETFs) and stock investment products.

Accounts for Scope Markets

Scope Markets investors can choose to open a CFD or Investment account. The latter allows for the transfer of equity shares, while it also permits the use of leveraged securities for short-term trading techniques. In CFD accounts, you can choose between fixed, variable, and raw margins.

Standard Account

  • $200 minimum deposit
  • Spreads from 1.5 pips
  • No commissions

Gold Account

  • $500 minimum deposit
  • Spreads from 0.9 pips
  • No commissions

Platinum Account

  • Commissions $3 per side (forex & commodities)
  • $2,000 minimum deposit
  • Spreads from 0.0 pips

Investment Account

  • Specified for EU & UK 0.1%, US 0.01%
  • $500 minimum deposit
  • Equity shares only
  • No leverage

Scope Markets mobile platform 

The MetaTrader 5 mobile app allows Scope Markets customers to maintain their accounts, examine their portfolios, and execute trades while on the go. Several chart types, 30 indicators, full account administration, a built-in news and notification centre, and participatory plotting are all available on the mobile platform. The app is available on the Apple App Store and Google Play Store for both Apple (iOS) and Android (APK) devices.

Payment Methods

Scope Markets clients can use a variety of payment methods to fund their trading accounts:

Credit Card & Debit Card

  • Wire Transfer
  • Neteller
  • M-Pesa
  • Skrill
  • Withdrawals online
Scope Markets review for forex traders

How to deposit and withdraw on Scope markets

Unless you used a credit card, in which case capital must be transmitted to a bank account held by the same individual, you can only withdraw funds using the same method that you used to deposit. 

There is a daily limit of one free withdrawal and a weekly limit of five free withdrawals per trading account. After that, each withdrawal will cost you $35.

Each withdrawal can take up to five business days to process. Wire transfers might take anywhere from 3 to 8 working days, depending on the beneficiary bank's banking procedure. 

Customers have also reported receiving solicitations to pay unreasonable fees, the broker being unresponsive to withdrawal requests, or the broker simply refusing to accept withdrawals.

Is Scope Markets a scam or legit?

Scope Markets is regulated by the Kenyan Capital Markets Authority (CMA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Conduct Authority of South Africa (FSCA).

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