score Capital Markets

Score Capital Markets, trading as ScoreCM, is a retail forex and CFD broker established on June 6, 2024, and registered in the Commonwealth of Dominica. The company operates under the official domain scorecm.com and offers trading services to retail clients globally. According to its website, the broker also has an operational entity in Mwali. ScoreCM provides access to forex, indices, commodities, metals, and cryptocurrencies through the MetaTrader 5 platform.

Despite its recent founding, ScoreCM has already established a social media presence on Facebook, Instagram, LinkedIn, and YouTube, and provides customer support via email, live chat, and phone. The broker's registered address is c/0 40 Kennedy Avenue, Roseau, Dominica.

A critical factor for any trader is the regulatory status of their broker. Our review found that ScoreCM is not regulated by any recognized financial authority. The broker's website mentions compliance with MISA and FSU, but these are not major financial regulators and do not offer the same level of investor protection as bodies like the FCA, CySEC, or ASIC. The absence of a credible regulatory license is a significant risk factor, as it means traders have no recourse to a compensation scheme or independent dispute resolution.

The broker claims to prioritize transparency and security, but without regulatory oversight, these claims cannot be independently verified. FXCanary's Scam Risk Score for ScoreCM is 75 out of 100, indicating a severe risk. Traders should exercise extreme caution and consider this high-risk environment before depositing funds.

ScoreCM offers four account types to cater to different trading styles and capital levels. The Standard account has a low minimum deposit of $10, making it accessible to beginners, while the Pro account requires $100 and offers tighter spreads. The Swap-Free account is designed for traders who wish to avoid overnight swap charges, with a higher minimum deposit of $3,000. The Elite account requires $1,000 and also offers high leverage up to 1:1000.

Leverage across most accounts reaches a maximum of 1:1000, which is extremely high and carries substantial risk. While such leverage can amplify gains, it also magnifies losses, potentially leading to rapid account depletion. The broker uses MetaTrader 5, a popular trading platform known for its advanced charting and automated trading capabilities. All accounts are commission-free on forex, metals, and cryptocurrencies, with a $7 per lot commission on futures.

ScoreCM provides a range of trading instruments including forex pairs, indices, commodities, metals, and cryptocurrencies. The broker lists a variety of major, minor, and exotic forex pairs such as EURUSD, GBPJPY, AUDCAD, and EURTRY. For metals, traders can access gold and silver with competitive spreads. Cryptocurrencies are also available, though specific pairs are not detailed on the website.

The broker states that it sources liquidity from institutional-grade providers, though the names of these liquidity providers are not disclosed. Trading hours vary by instrument and are subject to market schedules, with the broker offering 24/5 support. The execution model is not explicitly stated, but the availability of market and limit orders suggests a typical STP or ECN setup.

The broker claims to offer fast and secure deposit and withdrawal methods, with a variety of payment options available. While the website does not list all specific methods, it emphasizes transparent fees and high security standards. Processing times are stated to be quick, though exact timelines are not provided.

ScoreCM does not charge deposit or withdrawal fees according to its policies, but traders should verify with their payment provider. The broker supports funding in multiple currencies, and account opening is described as a three-step process: register, fund, and trade. Customer support is available 24/5 to assist with any transaction issues.

ScoreCM appears to target both novice and experienced traders, offering account tiers with varying minimum deposits and leverage. The Standard account's low entry point may attract beginners, while the Pro and Elite accounts appeal to more active traders seeking tighter spreads and higher leverage. The Swap-Free account caters to clients who trade on Islamic or religious principles.

However, the lack of regulatory oversight and the extremely high leverage make this broker unsuitable for risk-averse traders. The broker's global outreach and multilingual support suggest an international client base, but the absence of investor protection mechanisms is a major drawback.