Scope Markets South Africa Review
Is Scope Markets Legit?
!! Regulator Warning !!
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Company Details
Scope Markets is a brand name used by Scope Markets SA (PTY) Ltd, a company registered under South Africa with Registration Number 2016/137466/07. Scope Markets SA (Pty) Ltd is authorized by the FSCA as a financial services provider (FSP47025), and a licensed over-the-counter derivatives provider (ODP64).
Trading Conditions
| Min Trade | ZAR 1 |
| Min Deposit | ZAR 500 |
| Base Currencies | KES, USD |
| EURUSD Spreads | 1.4 |
Contact Info
All Reviews
An average broker I recommend for beginners, they ...
An average broker I recommend for beginners, they are not bad but just a little expensive
Scope Markets trades against their clients and you...
Scope Markets trades against their clients and you loss is their gain, they are a market maker. They widen their spreads in the middle of a trade and cause your stop loss to be hit as a result
Their withdrawal is very fast but their spreads on...
Their withdrawal is very fast but their spreads on forex are not too low. Aside that i use them and they are an okay broker.
They are great for trading stocks and futures, the...
They are great for trading stocks and futures, they also introduced the iress terminal which is great.
Avoid this broker as it lacks transparency. What t...
Avoid this broker as it lacks transparency. What they say on their website is not what is applicable when you start trading. Their minimum withdrawal is also very high at 50 USD which makes no sense to me.
We explore trading conditions offered by Scope Markets in SA and state pros and cons