Worked example
Practising on Scope Markets's numbers
This is an exercise sheet, not a review. We are going to take three things that Scope Markets publishes — a spread, a ladder of account types and a list of licences — and turn each of them into something you can do arithmetic with. By the end you should be able to repeat the whole exercise on any firm you come across, which is the actual skill being taught.
The figures we are working from
Nothing below is our estimate. Where a firm has not published something, or we could not read it on a source we trust, the box says so instead of guessing — a habit worth copying when you build your own broker notes.
Exercise one — turn the spread into money
Scope Markets does not publish a EUR/USD spread we were able to verify, so there is no honest arithmetic to do on this page. Do not substitute a number you read on a comparison site: an unverified spread quietly becomes an unverified cost, and then an unverified plan. Use one of the other examples on the practice index for this exercise and come back to this file for the account ladder below.
Exercise two — read the account ladder
Account tiers are a pricing structure dressed as a status ladder. Scope Markets offers 2 rungs. Read them as a question — what does each rung ask of me, and what does it give back? — rather than as a set of prizes to climb towards.
- StandardThe entry rung. Whatever the published spread applies to, it is almost always this one — so this is the rung your arithmetic above describes.
- DemoA higher rung usually trades a tighter spread for a commission, a larger deposit, or a status test. Convert both pricing models to money per lot before you decide either is cheaper.
Account names as published: Standard, Demo. Platforms listed: MT4, MT5.
Exercise three — what this licence list means for you
A long licence list is not automatically a good sign. What matters to a beginner is a narrower question: which entity would hold my money, and who supervises that entity? Those are often not the same as the impressive name at the top of the list. Here are Scope Markets's lines, each with a plain reading.
| Regulator | Entity on the register | Number | What that means for a beginner |
|---|---|---|---|
| CySEC · Cyprus | SM Capital Markets Ltd | 339/17 | a mid-tier regulator: real supervision and a register, usually with a smaller or capped compensation scheme |
| FSA Seychelles · Seychelles | Scope Markets Global Limited | SD079 | an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity |
| FSC Mauritius · Mauritius | Scope Capital Markets Ltd | GB 19024853 | an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity |
| FSCA South Africa · South Africa | Scope Markets SA (Pty) Ltd | FSP 47025 (ODP licence 64) | a mid-tier regulator: real supervision and a register, usually with a smaller or capped compensation scheme |
| FSC Belize · Belize | RS Global Ltd | 1943611 | an offshore registration: a company exists and pays a fee, but expect little practical recourse from that entity |
| CMA Kenya · Kenya | SCFM Limited | Forex licence 123 / derivatives licence 143 | a mid-tier regulator: real supervision and a register, usually with a smaller or capped compensation scheme |
No top-tier line appears on this file. That does not make the firm illegitimate, but it does mean the compensation-scheme and capital-rule protections a beginner usually assumes are present are not evidenced here. 3 lines are offshore registrations; treat those as a company address rather than as supervision.
The record behind these numbers
- Scope Markets' licences page lists six separately regulated entities, including SM Capital Markets Ltd under CySEC licence 339/17 and Scope Markets Global Limited under Seychelles FSA licence SD079.
- Scope Markets Global Limited is registered in Seychelles under incorporation number 8426107-1.
- The brand is operated by Rostro Group, which completed its acquisition of Scope Markets with management assuming control from 7 January 2023.
- The Scope Markets brand was launched in 2014 according to the group's own LinkedIn company description.
- The entity a client contracts with is determined by the website used to open the account, per the licences page.
What we could not verify
The following are unconfirmed and are deliberately left blank rather than estimated: hq; minDeposit, spreadEurusd, accountTypes; segregatedFunds and negativeBalanceProtection; the UAE entity's regulator naming on the broker's page could not be cross-checked on a register; headquarters; negative balance protection. Confidence in this file overall: medium. When you build your own notes on a firm, keep a list like this one — the gaps are more useful than the figures, because they tell you what to go and check.
Run the same exercise on another firm
PipMentor does not rank brokers, does not award badges and does not tell you where to open an account. This page exists so the arithmetic you learn in the curriculum has real numbers to bite on.