Scope Markets

Scope Markets is an online trading broker registered in Belize, having been established in 2020. The company operates under the domain scopemarkets.bz and presents itself as a provider of forex, indices, commodities, and energy trading. It offers three distinct account types tailored to different capital levels, all with maximum leverage of 1:500.

As of the time of this review, Scope Markets does not hold any known regulatory licences from major financial authorities. The broker's registration in Belize places it in a jurisdiction with minimal oversight, and its status has been flagged as potentially involving cloning of a regulated entity. Traders are advised to exercise extreme caution.

According to our records, Scope Markets has no regulators on file. The absence of oversight from reputable bodies such as the FCA, CySEC, or ASIC is a significant red flag. Belize is not a jurisdiction known for strict forex regulation, and brokers registered there often operate without meaningful supervision.

Furthermore, internal assessment has determined that Scope Markets' regulatory status is abnormal and suspected cloning. This means the broker may be misrepresenting its licence or identity. We strongly recommend verifying any claims of regulation independently and avoiding deposits until clarity is obtained.

Scope Markets offers three live account types: Classic, Pro, and Platinum. The Classic account requires a minimum deposit of $1,000 and provides access to all instruments with a maximum leverage of 1:500. The Pro account has a higher minimum deposit of $10,000, while the Platinum account requires $20,000. All accounts share the same maximum leverage.

No information is available on spreads, commissions, or other trading costs from our known facts. The broker does not seem to offer an Islamic or swap-free account option based on the data we have. Traders with smaller budgets may find the $1,000 minimum deposit prohibitive compared to many competitors.

Scope Markets claims to support trading in foreign exchange, indices, commodities, and energy. The exact number of instruments within each asset class is not specified in our records. The broker mentions providing three trading platforms, but their names are not disclosed.

Without platform names, traders cannot assess compatibility with their preferred tools such as MetaTrader or cTrader. The lack of transparency extends to execution methods, order types, and slippage policies. This information gap makes it difficult to evaluate the broker’s trading environment.

Scope Markets was registered in Belize in 2020, with a specific incorporation date of 6 January 2021. The company has a presence on social media platforms Facebook and Twitter/X, but the extent of their activity and engagement is unknown.

The broker's description suggests it was intended as an online platform for retail forex and CFD trading. However, the regulatory issues and suspected cloning cast doubt on its legitimacy. Belize company records may not provide full transparency on ultimate ownership or management.

Our FXCanary Scam Risk Score for Scope Markets is 75 out of 100, categorized as 'Severe.' This score reflects the absence of credible regulation, the suspected cloning status, and the lack of independent user reviews or verifiable operational history.

Traders considering Scope Markets face multiple risks: potential loss of funds due to lack of investor protection, unclear business practices, and the possibility of dealing with an entity that misrepresents its identity. We strongly advise against depositing any funds until the broker can provide verifiable regulatory credentials and transparent company information.