Scope Markets Broker Review 2020

Are you looking to know everything about Scope Markets Broker? You’ve just landed in the right place. Scroll down below to read more!

Scope Markets - The Revolution Of Trading Platform

At Scope Markets, this trending forex broker adheres to transparency and honesty. They commit to full advanced trading, excellence, and continuous innovation.

Service information

Demo Account No
Minimum Deposit $250
Max Leverage 1:500
Spreads from 0.0
Type of Broker ECN
Tradable Assets Currencies, Gold, Silver, Stocks, Stock Indexes, Oil and Other Commodities
Deposit Options Bank Wire, VISA, MasterCard, Neteller, Skrill

Company information

Established 2016
Regulated by IFSC, DFSA
Telephone +44 2030 516959
Customer Support 24/5 in 4 languages

ScopeMarkets-Featured-DailyForexTrading.Net

Scope Markets Review - Everything you need to know

With so many scams happening every day, a lot of people are afraid of trying new platforms because they can’t risk their money. That’s why they are searching for Scope Markets Broker review to know “Whether it’s a legitimate trading platform or not.”

To help you in this cause, we have decided to write on this topic and enlighten you about the detailed review of “Scope Markets Broker.”

Let’s get started.

The first thing that comes to your mind before you head towards any broker’s website is, “If the broker is regulated by the strictest regulations in the world.”

When it comes to Scope Markets Broker, they are regulated by the (IFSC) International Financial Services Commission. It isn’t the strictest but still works for many investors because IFSC is purely made to investigate the trading issues that you may face.

So, you don’t have to worry about your money because “IFSC” is there to help, and you should stay calm after you invest in Forex trading with Scope Markets Broker.

Additionally, they are offering you MetaTrader4 and MetaTrader5 

platforms for trading with the freedom of trading at the leverage up-to 1:500


What else do you need? Let’s figure it out!

Scope Markets Broker Regulation

This platform isn’t regulated by the finest and stern regulations in the world, but rather they choose to go to the “Cheap” way. Yes, they are using the services of “IFSC” for the regulations, and there are a lot of lovers and haters of this regulation.

But, most of the people consider this regulation safe because they help you with all the issues that may appear during the trading.

Now, let’s move towards the account types of Scope Markets Broker:

Account Types of Scope Markets Broker

So, there are three types of accounts that Scope Markets Broker are dealing with:

  • Silver
  • Gold
  • Platinum

Let’s talk about the accounts in detail.

Silver Account

Fixed Spread

Yes

Mt4 and Mt5

Yes

Leverage

1:500

Deep Liquidity

Yes

Commission

No Commission

Free Training

Yes

Dedicated Account Manager

Yes

Withdrawal

Free

For Beginners

Yes

Spread

Fixed

 
Gold Account

Variable Spread

Yes

Mt4 and Mt5

Yes

Leverage

1:500

Deep Liquidity

Yes

Commission

No Commission

Free Training

Yes

Dedicated Account Manager

Yes

Withdrawal

Free

For Advanced Traders

Yes

Spread

1.2 Pips

One on 1 Support

Yes

Gold Signals Package

Yes


 Platinum Account

Variable Spread

Yes

Mt4 and Mt5

Yes

Leverage

1:500

Deep Liquidity

Yes

Commission

*3 Per lot commission

Free Training

Yes

Dedicated Account Manager

Yes

Withdrawal

Free

For Professional Traders

Yes

Spread

0 Pips

One on One Support

Yes

Platinum Signals Package

Yes

 So, these are the account types that “Scope Markets Broker” is dealing with, and if you’ve any confusion regarding the “Account Types,” you can simply head towards their Official Website and read more about it.

Let’s talk about the “Pros and Cons” of account types of “Scope Markets Broker.”

Pros and Cons of Account Types


Pros


Cons

Offers a wide range of Accounts

The minimum withdrawal fee is high for the beginners

Free Education

 

Free Withdrawal

 

Trading Platforms of Scope Markets Broker

To make trading easy for you, they are working with the most advanced and latest tools so that you don’t find any difficulty during the trading.

They are working with:

  • MetaTrader 4
  • MetaTrader 5

ScopeMarkets-TradingApps-DailyForexTrading.Net
You can download the trading platforms from the “Play Store and App Store” in order to get started today.

Pros and Cons of Trading Platform


Pros


Cons

They are offering you the latest trading platforms to deal with your trading

None

You can now trade on your mobile phone

 

You can customize the tools as per your needs and wants

 

Now, it’s time to talk about the critical details of the “Scope Markets Broker” so that you get to know about the platform more.

Here we go!

The spread of Scope Markets Broker

We all know that every account has its own spread, few have fixed spread and few works on tight spreads. You’ve to choose the accounts on the basis of spread and other details because “Spread plays a vital role in gaining the profit.”

Let’s talk about the spreads of all the account types:

  • Silver Account (Fixed Spread)
  • Gold Account (1.2 Pips)
  • Platinum Account (0 Pips)

A fixed spread is for beginners because they are at the learning stage, and if you’re not beginner, you can choose between the “Gold and Platinum” package.

scope markets Execution Time

Just like the other brokers, they are also dealing with two types of executions:

  • Instant Execution
  • Market Execution

Those who are into “Instant Execution” can go for it without any obstacle coming their way, and others can choose market execution.

It’s all about preferences if you know the Pros and Cons of both the executions, you’ll be able to use them at the right time and place.

scope markets Commission/Fee

Again, the commission and fee section is important because you’ve to pay the commission and fee every time you deposit and withdraw the money.

But wait, there’s good news for you. Let’s figure about what are the commissions and fees that Scope Markets Broker asks you for each of the account types:

  • Silver Account (No Commission and Fee)
  • Golden Account (No Commission and Fee)
  • Platinum Account (*3 Per Lot Commission)

Note* There’s no withdrawal fee that they charge you.

 pros & cons of commission


Pros 


Cons

Low Non-Trading Fee

None

Withdrawal Fee= 0

 

Inactivity Fee= 0

 

Leverage of Scope Markets Broker

Leverage plays a vital role in the “Forex Industry,” and if you choose the perfect fit for you, you’ll be able to outsmart the traders and get the maximum out of your investment. Let’s talk about the “Leverage” of all the account types of Scope Markets Broker.

  • Silver Account (1:500)
  • Golden Account (1:500)
  • Platinum Account (1:500)

So, the Leverage for all the account types is the same, and you can choose any of the accounts if Leverage is the only concern you have.

Customer Service of scope markets

ScopeMarkets-CustomerService-DailyForexTrading.Net
The Customer Service of Scope Markets Broker is extremely great, and they reply to you within a couple of minutes. You can use the following ways to contact them:

  • Live Chat
  • Phone Call
  • Email

Now, as we are done with the critical details and complete overview of “Scope Markets Broker,” it’s time that we should discuss that “How to open an account on Scope Markets Broker.”

Here we go!

HOW TO OPEN AN ACCOUNT ON SCOPE MARKETS BROKER

Opening the account is pretty simple, and there are absolutely no hard things to do. Just follow the instructions given below, and you’re done.

  1. Head towards the official website of Scope Markets Broker, and you’ll end up witnessing screen like given below. Now click on the account button:

    ScopeMarkets-OpeningAccount1-DailyForexTrading.Net
  2. You’ll be redirected to the accounts page where you’ve to choose between the three account types; Silver, Golden, and Platinum:

    ScopeMarkets-OpeningAccount2-DailyForexTrading.Net
  3. Choose the account that is a perfect fit for your needs and wants and click on it, you’ll be redirected to the registration page as given below:

    ScopeMarkets-OpeningAccount3-DailyForexTrading.Net
  4. Enter all the information and click on the Signup Button.
  5. You’ll be asked to verify your email and mobile number, and upon verification, they will ask you for additional information like; Your home address, Identity Card Number, Credit Card, Bank Details, and Possibly a selfie.

Once you verified everything, you’re all set to get started with “Scope markets Broker.” But, you must be wondering about, “What are the possible pros and cons of Account opening?”

Let’s write them down!

Pros and Cons of Account Opening


Pros


Cons

Super Easy

None

Different Account Type

 

Free Education

 

HOW TO WITHDRAW MONEY FROM SCOPE MARKETS BROKER

Now, if you’ve earned a profit from this platform through trading, then it’s time to withdraw them. Don’t know how to do it? Follow the instructions given below:

  1. Login to your account and head towards the “Trading Account” tab.
  2. From the menu, click on the Withdraw button.
  3. Now enter all the details they ask you to enter and then enter the amount you want to withdraw.
  4. You’re done.

Note* You won’t be able to withdraw the payment unless and until your account is verified. Additionally, the minimum withdrawal amount is $50.

Before you head towards the opening of the account and start investing, give a look at the user reviews and comparison with vantagefx.com.

Here we go!

User Reviews and Comparison with Vantagefx.com

We have extracted the top 3 critical reviews to help you know, “If the platform is really worth it or not,” because you can’t go and invest your money without reading user reviews.

Without being biased here, let’s talk about the top 3 user reviews about Scope Markets Broker:

  • Alex Ford: A great place for the beginners to get started, the customer service is great, and I find no difficulties in depositing and withdrawal of the amount.
  • Norman Flex: My experience wasn’t great with the Scope Markets Broker, it seems like they take all your money away. But thanks to the regulation, they helped me in getting the money back. I wouldn’t recommend this place.
  • Devid Gaviria: They need a lot of improvements; I don’t feel safe on this website. I have had a few problems with withdrawal, and I was so frustrated with the customer service.

So, these are customer reviews, and we believe that you’ll choose the platform wisely now. Let’s talk about the comparison now.

Scope Markets Broker vs. Vantagefx.com

Scope Markets Broker

Vantagefx.com

Overall Ratings: 4/5

Overall Ratings: 4/5

Trust Score: 70

Trust Score: 90

Publically Traded: Yes

Publically Traded: No

Bank Transfer: Yes

Bank Transfer: Yes

Tier 1- License: 2

Tier 1- License: 2

Tier 2- License: 2

Tier 2- License: 0

Tier 3- License: 1

Tier 3- License: 1

Authorized by EU: No

Authorized by EU: Yes

 So, that’s all from the comparison section of the Scope Markets Broker; it’s time to move towards the advantages and disadvantages of this platform because they are important too.

Let’s talk about it:

Advantages and Disadvantages of Scope Markets Broker

You’ve to look for the advantages and disadvantages of any broker before you actually jump into the investment section, why not looking at the advantages and disadvantages of Scope Markets Broker.

Let’s start with the advantages:


Advantages of Scope Markets broker:
  • The account opening is easy, and you don’t have to deal with any complications
  • Customer Service is great, knowledgeable, and prompt. They help you with everything related to Forex trading
  • The education is completely free, and you can learn about the Scope Markets Broker and Forex Trading without paying a single penny
  • There are different accounts for different traders; You can choose Silver if you’re a beginner and can choose Gold and platinum if you’re a professional trader
  • They are dealing with great Leverage that is up-to 1:500

Let’s now talk about the disadvantages of the Scope Markets Broker:


Disadvantages of Scope Markets Broker:
  • There are a lot of negative reviews about Scope Markets on the reviews platform
  • Seems like they did scams with a lot of investors, but we aren’t sure about it

So, these are the disadvantages of the “Scope Markets Broker,” and if you still have any questions, feel free to comment down below.

Let’s now talk about the bonuses, contests, and promotions of this platform.

Contests, Bonuses, and Promotions

There’s no detail written about Bonuses, Contests, and Promotions written on the official website of the Scope Markets, and we can’t trust any other platform for writing anything about it.

So, whenever they come up with any sort of “Contests, Bonuses, and Promotions,” we will update you. For now, they aren’t offering anything, and that’s maybe because they have a limited number of users.

That’s all from the topic “Scope Markets Broker,” and we hope that you’ve enjoyed the reading throughout. If you still have any questions regarding the topic, feel free to comment down below. We are always here to help.

frequently ask questions

Scope Markets does not accept any third-party payments.

In most cases, the account is verified within 24 hours more or less but the process might take up to 48 hours.

Yes. To open a joint account, each person must first open an individual account and then fill a Joint Account Request Form which can be obtained by contacting our Customer Service Department at customerservice@scopemarkets.com.

Please note that joint accounts are only available to married couples or first degree relatives.

  1. Complete your personal information by clicking on Profile, Verification and Personal Info. Please note that if this step is not completed you cannot fund your trading account.
  2. Complete your additional information by clicking on Profile, Verification and Additional Information.
  3. Upload the required KYC documents by clicking on Profile, Verification and Verification Documents.

Scope Markets website is protected by SSL (Secure Socket Layer). All sensitive information submitted by our clients is automatically transferred by SSL to a secure environment. Our cashier is PCI Level 1 Merchant compliant and ensures that all your data is secured.

Scope Markets does not charge any fees on deposits except for Bank Transfers. You may be charged fees from your bank.

Scope Markets Ltd is regulated by the International Financial Services Commission of Belize (IFSC) under license number IFSC/60/373/TS/19.

Scope Markets headquarters are in Cyprus, but we also have offices in Nigeria, South Africa, Mexico & Vietnam.

HOW CAN WE HELP YOU?

contact@dailyforextrading.net