Scope Markets is a global provider of online trading services and institutional solutions. It offers both institutional services and premium trading conditions to businesses and traders looking for that trading edge. ScopeMarkets offers its services on the MetaTrader 4 platform.

About Scope Markets
🗺️ Registered inBelize
🗺️ Type of LicenseOffshore License
🛡️ Is Scope Markets safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

Is Scope Markets a scam or legit broker?

No, it is not safe to trade with Scope Markets as it is an offshore broker. Scope Markets Ltd is a company registered under Belize with Registration Number 145,138. 

Scope Markets Ltd is authorized and regulated by the International Financial Services Commission of Belize (“IFSC”) under the license numbers IFSC/60/373/TS/19 and IFSC/60/373/BCA/19. 

Belize as a gorgeous tourist destination, while also is a tax haven with a zero tax structure that established its own regulation for financial investment and Forex firms licensing due to high demand and necessity of regulation. Ever since Belize became a known offshore zone and Forex hub, the destination attracted thousands of brokerages seeking an opportunity to be a legitimate firm, yet to skip complicated and costly established procedures. We have a detailed article explaining the risk of trading with brokers from Belize.

According to the website, the broker provides PAMM “Percentage Allocation Money Management” accounts that should guarantee the reliability, security, and transparency of all the activities within the system. However, the terms and conditions state that the Company shall not be held responsible for any loss or damage caused, directly, indirectly, by any events, actions or omissions beyond our control. This statement is actually the opposite of the “safety and security of funds” that the company promises and it usually means that the company will not compensate investors’ losses in any case. 

We advise all investors and traders to avoid Scope Markets and other brokers from Belize. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and XM.com.

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