Frequently Asked Questions

Knowing Scope Markets

Who Is Scope Markets?

Scope Markets is a trading name of Scope Markets Limited. Scope Markets is a regulated entity, following strictly the segregated accounts principal by offering wide range of products together with Multi-Platform trading facilities. For more information, visit our website at www.scopemarkets.com.

Is Scope Markets Regulated?

Scope Markets Ltd is regulated by the International Financial Services Commission of Belize (IFSC) under license number IFSC/60/373/TS/17.

Questions about Trading with Scope Markets

How do I open a live Trading account with Scope Markets?

You can simply open a live trading account with Scope Markets on our website www.scopemarkets.com and you can find a LIVE ACCOUNT BUTTON on the left-hand side. The registration will only last for a few minutes.

What are the documents needed to open a live account with Scope Markets for Individual clients?

Under our AML Policy and in accordance with Money Laundering and Anti-Terrorism Prevention Act of 2008, IFSC Belize, identification must be provided in the form of photo ID and proof of address to verify your identity.

In the process of account opening, we require your personal details to be filled up correctly. All information should match what is in the uploaded document.

Valid Identification (Any of the following)

  • Passport
  • Driving License
  • Government Issued Id
  • National ID

Valid Proof of Address (must not be older than 3 months and must show the same name and address as your account application.)

  • Utility Bills
  • Bank or Credit Card Statements

How can I open a demo account?

You can practice using our trading platforms by opening a demo account. You can go to our site, choose demo account, and fill in your details, choose the platform you wish to have for your demo account.

What products do you offer?

We offer trading accounts like FOREX, CFD's, Indices, Shares, Energies and Metals. More details can be found on our website, www.scopemarkets.com

What trading account platforms are available?

You can either choose from Scope MT4 or Scope GT.

Scope MT4 “The best in technology and the best in trading”

The MetaTrader 4 trading platform is the gold standard in the industry. Its popularity among retail forex traders is due to its easy to use features and the ability to facilitate automated trading. Allowing users to write their own trading scripts and trading robots (commonly known as expert advisors).

Complimenting this with Scope Markets’ no dealing desk execution, competitive pricing, high leverage and award winning customer support and you have a perfect combination for making money in the world’s largest markets.

Scope GT “Fast execution and accurate pricing are keys to the success of a trader”

Scope Trader is multiple thread trading platform which is able to offer any commodity in the derivative markets. You can enjoy of trading Foreign Exchange, CFDs, Futures and OTC Options.

Scope Markets Funding and Withdrawal Options

What are my funding options?

You can either transfer funds through Skrill, Neteller, Credit Card (Visa or Master Card) or Bank Transfer. All the details for are made available on the deposit button on the left hand side of your My Scope portal.

How Can I withdraw my funds?

In order for an individual to withdraw funds, you must first upload a valid proof of Address. The proof of address must be clear and readable and must not be older than 3 months and must show the same name and address as your account application.

If you would like to request for a withdrawal from your account, please complete the online request form in your My Scope Account.

What are my withdrawal options?

You can withdraw your fund through this option whichever is convenient for you.

  • Bank Transfer
  • Neteller
  • Skrill
  • Credit Card

Please note that we require your My scope password upon the withdrawal of funds for security purposes.

Managing your MyScope Account

How can I change my personal details?

Once registered, you can change your personal details by sending us a request. On your My Scope account, click your Name on the upper right hand corner. You can see that all details are grayed- out. You can click on the send change request button and you can enter the information you wish to change and our customer service will contact you shortly.

How can I change my password?

You can change your password by clicking on Settings on the upper right hand corner, enter the old password and nominate a new one. Passwords must be 8 alphanumeric characters.

If you don’t remember your password?

To reset your password, click on the “forgot your password” on the MyScope login page and just type the email address you used to sign in. We will send an email for the Reset Password Confirmation. Click on the link, and you can nominate new password. Passwords must be 8 alphanumeric characters.

How can I upload documents?

If you wish to upload Identification Requirements and Proof of Address simply go to your MyScope portal and select Documents Uploader. In the drop down, select the type of document you wish to upload.

How can I add a trading account to my existing My Scope Account?

You can add a trading account on your MyScope dashboard and clicking Add Additional Live Account. You can only add up to 5 trading accounts, if you wish to add more trading accounts, you may contact us at accounts@scopemarkets.com

Questions about the Forex Market

What is Forex?

Foreign Exchange (FOREX) refers to the foreign exchange market. It is the over-the-counter market in which the foreign currencies of the world are traded. Forex is considered the largest and most liquid market in the world. (www.investinganswers.com

What does spread mean?

A spread is the difference between the bid and the ask price of a security or asset. (www.investopedia.com)

What does leverage mean?

Leverage is the use of various financial instruments or borrowed capital, such as margin, to increase the potential return of an investment. (www.investopedia.com)

What does it mean to have a ‘long’ or ‘short’ position?

A ‘long’ position is the same as entering a BUY transaction, on the other hand a ‘short’ position is much the same as entering a SELL transaction.