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4.3
Trade 100+ assets, including stocks, currencies, and cryptocurrencies
Market leading spreads
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Online Forex/CFDs are complex instruments and come with a high risk of losing money. 89.33% of retail investor accounts lose money when trading Online Forex/CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Scope Markets review 2024

Investing options: 4.3

Platforms & usability: 4.7

Products, markets, & assets: 4.2

Safety & reliability: 3.8

Deposits & withdrawals: 4.6

Research & analysis tools: 4.1

Fees & costs: 4.8

Education & learning resources: 4

Scope Markets review Summary

By:
Updated: Jan 10, 2024
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13 min read
Scope Markets is a multi-licenced group of brokers with zero commissions and transparent pricing. This Scope Markets review compares its features with other top trading brokers to help you decide whether to sign up.

Investing options
4.3

Features Scope Markets Group summary
No. of tradable assets 600+
Min. Deposit $50
ID verification required Yes
Free demo account Yes
Supported assets Currencies, Cryptocurrencies, Indices, Stock CFDs, Stocks, Commodities
Mobile trading app Yes
Web trading platform Yes
Regulatory bodies CMA, FSCA, FSC
View more > Scope Markets Group >

*The minimum deposit required differs based on the jurisdiction decided to open your account with. Please ensure you fully understand which entity you are opening an account with.

**Products and services vary, depending on the jurisdiction chosen to open an account with.

Pros & Cons

Pros:

Trade 100+ assets, including stocks, currencies, and cryptocurrencies
Market leading spreads

Cons:

Can I open an account with Scope Markets Group?

What can I do with Scope Markets?

Trade over 140 assets, including major, minor, and exotic currencies, shares of the largest companies in the world, and commodities like gold, silver and oil. 

What accounts does Scope Markets offer?

Scope Markets offers multiple account types depending on the jurisdiction.

One account, a premium account, offers several benefits, including free premium trading signals, spreads starting at 0.9 pips and zero commission on all markets. Here’s a look at the account options: 

Account type Scope Markets Group accounts eToro accounts Interactive Brokers accounts
Trading platform Yes Yes Yes
Crypto staking No Yes No
Crypto wallet No Yes No
Money management No Yes Yes
Spread betting broker No No No
View more > Scope Markets Group > eToro > Interactive Brokers >

Products, markets & assets
4.2

What products and assets can you trade on Scope Markets?

Scope Markets is primarily a forex broker and offers over 70 currency pairs, including majors, minors, and some exotics. It also provides other markets, including stocks, commodities, and indices. 

Product Scope Markets Group assets eToro assets Interactive Brokers assets
Currencies 50+ 100+
Commodities 14+ 100+
Cryptocurrencies 8+ 4
Stocks 50+ 7,000+
View more > Scope Markets Group > eToro > Interactive Brokers >

*Depending on the jurisdiction, different regulations apply. CFDs on cryptocurrencies are not offered in all jurisdictions

What leverage trading options are there?

The amount of leverage available depends on the market you’re trading. With Scope Markets, it is possible to trade with up to 2000:1 leverage for some assets. Depending on the jurisdiction, different regulations may apply. 

Product Scope Markets Group maximum leverage eToro maximum leverage Interactive Brokers maximum leverage
Currencies 2000:1 30:1
Commodities 1000:1 10:1
Indices 2000:1 5:1
View more > Scope Markets Group > eToro > Interactive Brokers >

*Forex and CFDs are high risk products and losses may exceed initial investment.

What are the spreads?

Scope Markets charges spreads on all markets. Spreads are variable and, for some assets like currencies, are competitively low. Speads can also fluctuate depending on volatility and time. Here’s a look at the average spreads for all asset classes on Scope Markets.

Product Scope Markets Group spreads eToro spreads Interactive Brokers spreads
Currencies 0.9 pips 0.66 pips (average)
Indices 0.9 pips 0.05 points
Commodities 0.9 pips $0.50
Stocks 0.9 pips 0.03 to 0.35%
View all tradable assets > Scope Markets Group > eToro > Interactive Brokers >

*Pricing varies, depending on the jurisdiction chosen to open your account with.

Scope Markets trade sizes and limits

There are no minimum trade sizes when placing a trade with Scope Markets. Although you will be required to place the minimum contract size for each asset, for example, with currencies, the minimum you can trade is 0.01 lots. 

Product Scope Markets Group minimum trade eToro minimum trade Interactive Brokers minimum trade
Currencies 0.01 0.20 lots
Commodities 0.01 $100
Indices 0.01 1 index point
Stocks 1 1 share
View more > Scope Markets Group > eToro > Interactive Brokers >

*Pricing varies, depending on the jurisdiction decided to open your account with

Stocks

Which stocks are available on Scope Markets?

Scope Markets has over 100 stock CFDs available from various global exchanges. However, it has a strong focus on European and U.S. stocks. Here’s a look at which stocks are available on Scope Markets. 

Country No. of stocks on Scope Markets Group
United States 70+
United Kingdom 30+
Germany 60+
Spain 50+
France 16+
Ireland 9+
Italy 4
Portugal 15+
Switzerland 20+
Netherlands 1
View more > Scope Markets Group >

What are the fees for buying and selling stocks?

Scope Markets is a commission free broker, which means you won’t have any charges for buying and selling stocks. It offers CFDs for trading stocks, so you’ll have a spread, which is variable depending on the stock you’re trading.

*Depending on account type and jurisdiction, different regulations apply. Please ensure you fully understand with which entity you are opening an account.

Forex

What forex pairs can be traded on Scope Markets?

You can trade all major and minor currency pairs on Scope Markets. There is also a selection of some exotics. In total, there are over 50+ forex pairs on Scope Markets. Here’s a look at a few top forex pairs on Scope. 

Currency pair Currency pair Currency pair
AUD/USD EUR/USD GBP/USD
EUR/JPY GBP/JPY USD/JPY
EUR/GBP NZD/USD EUR/AUD
GBP/AUD GBP/CAD USD/CAD
EUR/NZD EUR/SGD EUR/NOK
View more > Scope Markets Group >

What are the minimum spreads for trading forex?

Scope Markets has variable spreads for forex trading. This means the spread you’ll pay will differ based on current market conditions and time of day. On average, the spread for currencies on Scope Markets is 0.9 pip based on account type and instruments being traded. 

Commodities

What commodities can be traded on Scope Markets?

There is a small selection of commodities available on Scope Markets. Commodities are separated into two categories, metals and energies. Metals include assets like gold and silver and energies like oil and gas. Here’s a look at some of the commodities available on Scope Markets. 

Commodity Commodity Commodity
Gold Silver Platinum
Palladium Oil Natural gas
View more > Scope Markets Group >

What are the minimum spreads for trading commodities?

The minimum spreads for trading commodities are variable. During active market trading hours, spreads are generally lower than after-hours trading sessions. The average spread for commodities trading on Scope Markets is 0.9 pips. 

Deposits & withdrawals
4.6

What are the minimum & maximum deposits?

There is a minimum deposit of $50 on Scope Markets and no maximum amount. Several payment methods are also accepted; all have the same minimum $50 deposit amount.

Payment method Minimum deposit (USD)* Maximum deposit (USD)
Debit/credit card $50 No max
Bank transfer $50 No max
Skrill $50 No max
Neteller $50 No max
View more > Scope Markets Group >

*The minimum deposit required differs based on the jurisdiction decided to open your account with. Please ensure you fully understand which entity you are opening an account with.

Here is a look at the withdrawal options. 

Payment method Minimum withdrawal Maximum withdrawal
Debit/credit card $50 No max
Bank transfer $50 No max
Skrill $50 No max
Neteller $50 No max
View more > Scope Markets Group >

*The minimum withdrawal amount differs based on the jurisdiction decided to open your account with. Please ensure you fully understand with which entity you are opening an account with.

What are the deposit and withdrawal options fees, limits, and speeds?

Several deposit and withdrawal methods are available, including traditional options like debit and credit cards, payment apps like Skrill. There are no fees for making a deposit or withdrawal; however, your bank may charge you, so checking before is recommended. 

Payment method Withdrawal fee Withdrawal speed
Debit/credit card $0 Up to 5 days
Bank transfer $0 Up to 5 days
Skrill $0 Instant
Neteller $0 Instant
View more > Scope Markets Group >

*Different payment methods are available, depending on the jurisdiction chosen to open an account with

**Processing time varies depending on the jurisdiction chosen to open an account with.

Fees & costs
4.8

How do Scope Markets fees work?

In most cases, Scope Markets offers zero commission, which means you won’t pay any fees for making a trade. However, other fees are associated with the platform or type of account, which you can find below. 

Fee Scope Markets Group fees eToro fees Interactive Brokers fees
Trading fees No Yes, on certain assets Yes
Inactivity fees Yes Yes No
Rollover/overnight fees Yes Yes, on CFDs Yes
Withdrawal fees No Yes Yes, for some payment methods
Spreads Yes Yes, on certain assets Yes
Conversion fees No Yes, for non-USD currencies Yes
View more > Scope Markets Group > eToro > Interactive Brokers >

*The information provided in the table is not exhaustive. Different fees may apply depending on the jurisdiction chosen to open your account with.

What are Scope Markets’ trading fees?

Asset Scope Markets Group fees eToro fees Interactive Brokers fees
View more > Scope Markets Group > eToro > Interactive Brokers >

Platforms & usability
4.7

What devices can I use Scope Markets on?

The Scope Markets trading platform can be accessed on various devices, including desktop and mobile. The Scope Markets Group uses MetaTrader 4 and 5 as well as its own trading platform. 

Device Browser/operating system
Web browser Google Chrome, Microsoft Edge, Mozilla Firefox, Safari
Mobile app iOS, Android, MetaTrader app
Tablet iOS, Android, MetaTrader app
View more > Scope Markets Group >

*There might be restrictions on devices, depending on the jurisdiction chosen to open an account with

Mobile app

You can access your Scope Markets account via the MetaTrader 4 or 5 app, which offers many of the same features as the desktop version.

Web trading platform

The most important question any user has is: How easy is it to use Scope Markets?

It is easy to use Scope Markets and there is a choice of platforms available so you can find the right option for you. It offers MetaTrader 4 and 5, the most popular retail platforms, especially for forex traders. MetaTrader is straightforward to set up and use and due to its popularity, hundreds of videos and guides are available if you ever get stuck. 

Desktop trading platform

You can download MetaTrader 4 or 5 on your desktop and access the full power of the most popular trading software. Both are excellent platforms and are commonly used by professional traders. 

Key features

Zero commission

One of the key features of using Scope Markets is the ability to trade without paying commissions. This gives you an edge as you won’t have to worry about additional fees when buying and selling. Scope Markets also has low spreads, making trading even cheaper than similar platforms. 

*Depending on the jurisdiction and account type different regulations apply. Please ensure you fully understand with which entity you open an account. 

Educational content

Scope Markets is a beginner-friendly brokerage, and you’ll find a wide selection of educational content on its website. Many e-books range from technical analysis for beginners to market psychology and more. There is also a good collection of videos available, many of which explain in detail how the platform works with lots of helpful advice. 

Deposit bonus

For first-time depositors, Scope Markets offers a deposit bonus of 50%. This means you’ll be able to trade with more money when you first deposit into Scope Markets. The deposit bonus is very generous, up to $50,000, however, there may be restrictions depending on your location and the entity decided to open an account with, so it’s advisable to check beforehand. 

*Depending on the jurisdiction, different Terms and Conditions will apply.

Safety & reliability
3.8

Is Scope Markets safe?

Yes, Scope Markets is a safe group of brokers. In addition to the regular security features offered by most brokerages, such as SSL encryption, Scope Markets also provides negative balance protection.

Is Scope Markets regulated?

Scope Markets is a brand name of the Scope Markets Group. The Scope Markets Group includes but is not limited to the following entities:

RS Global Ltd is authorised and regulated by the Financial Services Commission (FSC) of Belize.

Scope Markets SA (PTY) Ltd is authorised and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa FSP47025

SCFM Limited is authorised and regulated by the Capital Markets Authority (CMA) of Kenya Online Foreign Exchange Trading Broker License No 123 and NSE Derivatives Broker No 143.

Region Scope Markets Group regulators eToro regulators Interactive Brokers regulators
Africa CMA, FSCA FSAS
Asia FCA, SFC, MAS
Australasia ASIC ASIC
Europe FCA, CySEC FCA
International
North America FSC FinCEN SEC, FINRA
South America CNV, CVM
View more > Scope Markets Group > eToro > Interactive Brokers >

Customer support:

The customer support options on Scope Markets are comprehensive; you can get in touch via live chat, email, or phone. It also has several active social media accounts which you can use to speak with support staff. We could talk to a representative on live chat during our platform testing within 5 minutes. 

Support type Scope Markets Group customer support eToro customer support Interactive Brokers customer support
Help Centre/FAQs Yes Yes Yes
Email Yes Yes Yes
Live chat Yes Yes Yes
WhatsApp No Platinum, Platinum+, and Diamond members only No
Telephone Yes No Yes
View more > Scope Markets Group > eToro > Interactive Brokers >

What are the risks of using Scope Markets?

The main risk of using Scope Markets is losing money, however, this is the same with all brokers and is largely down to losing trades instead of the platform. Here are a few other risks associated with Scope Markets. 

  • Leveraged positions require margin. When trading with leverage, you must meet specific margin requirements. Margin is simply the amount of money you need accessible in your account to keep a leveraged position open. Your leveraged positions can be liquidated if you fail to meet margin requirements. 
  • You could lose connection to the broker. If you ever lose an internet connection, you will temporarily lose contact with Scope Markets. This is especially important if you have an open position. However, you can mitigate this risk by using a VPN service, which will allow you always to have a connection. 
  • Past performance is no guarantee of future results. There is a risk that any investment you make may fall in value. What’s happened before is no predictor of future performance.

Research & analysis tools
4.1

What trading tools are on offer?

Scope Markets has a wide range of trading tools available to anyone with an account. The MetaTrader software offers an excellent range of technical indicators and charts. There are also some calculators and an economic calendar available. 

Trading tool Scope Markets Group tools eToro tools Interactive Brokers tools
Charts Yes Yes Yes
News feeds Yes Yes Yes
Analyst recommendations No Yes Yes
Fundamental analysis No No Yes
Financial calendar Yes Yes Yes
MetaTrader integration Yes No No
View more > Scope Markets Group > eToro > Interactive Brokers >

Charts

When you use the MetaTrader software, you can access price charts for all assets available on Scope Markets. You can find charts from the 1-minute timeframe up to the monthly timeframe so that you can take a top-down approach to technical analysis. 

Technical indicators

Both trading platforms offered by Scope Markets have a wide selection of technical indicators. You can use the pre-installed indicators and even design and load your own custom indicators. 

EAs

Scope Markets integrates with MetaTrader5, which is an advanced multi-functional trading platform which offers superior tools for comprehensive price analysis and robust trade execution. This platform allows users to create and install their own or third-party algorithmic trading applications, commonly known as Expert Advisors (EAs). These allow you to trade automatically, rather than manually placing each trade.

Education & learning resources
4

What educational resources are on offer?

Scope Markets has a good range of educational content available for free. Its learning centre includes many videos, guides, and e-books covering various trading-related topics.

Educational resource Scope Markets Group resources eToro resources Interactive Brokers resources
Demo/virtual account Yes Yes Yes
Video tutorials/webinars Yes Yes Yes
Walkthrough guides Yes Yes Yes
Copy trading Yes Yes No
Trading academy No Yes Yes
View more > Scope Markets Group > eToro > Interactive Brokers >

*Copy trading may not be available where you live. Depending on the jurisdiction different regulations apply. Please ensure with which entity you open an account

Videos

Scope Markets has over 10 video tutorials in its learning centre. These videos cover everything from trading strategies to market psychology. A few of the video guides also help you get started with its trading platforms. 

E-books 

If you prefer reading, you can check out the selection of e-books on the Scope Markets website. These books explain how markets work and offer beginner-friendly guides on how to get started with trading. You’ll find a good selection of books, and a few strategies are explained to help you. 

Calculators,

There are four calculators in the educational section of the Scope Markets website. These calculators are very user-friendly, and you can use them to help with your trading. For example, the pip calculator will quickly tell you how much each pip is worth before you open a trade. There is also a profit, swap, and margin calculator available. 

Our verdict

Scope Markets is a reliable group of brokers with a good range of markets available. You can trade over 600 individual assets without paying a commission. Its low fees and vast selection of markets makes it a top choice, especially for beginners just starting. 

One of the best features of Scope Markets is its integration of the MetaTrader software. You can choose from either MT4 or MT5 on desktop or mobile. The MetaTrader integration allows you to trade custom strategies, and if you’re an advanced trader, you can even load an expert advisor to auto-trade the markets. 

Overall, Scope Markets is a good choice for beginners and advanced traders. It offers many tools to help newbies with a vast educational centre. Its deposit bonus gives you an extra boost when opening an account, which can help take the pressure off. Advanced traders can use a zero commission trading environment and save on fees. 

*Depending on the jurisdiction and the entity you decide to open your account with, different regulations and/or restrictions apply.

Methodology

Helping people make better financial decisions is at the heart of our mission at Invezz. 

We test each trading platform to provide clear, accessible guidance on its service and how it compares to the 63+ other brokers we review. Testing is carried out by our panel of industry experts, analysts, and active traders who sign up to the bank or broker, conduct research, and score the service.

To supplement our practical testing and experience, we research the service to gather any further relevant information and provide context to help you decide whether the trading platform is right for your investing needs. We read online customer reviews, app reviews on the Play Store and App Store, and conduct user surveys to get feedback from real people about what works and what doesn’t.

The broker is awarded a final score based on 130+ data points across 8 ranking categories: cost, reliability, user experience, deposit & withdrawals, investing options, range of products/markets, research & analysis tools, and the availability of educational & learning resources.

We work closely with the individual brand to ensure all factual information displayed here is accurate. An independent reviewer then fact-checks all data. You can learn more about our expert panel and how we test, rate, and review platforms in our review process.



Sources & references
Risk disclaimer
Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.