Scope Markets Review: What South African Traders Should Know
Scope Markets is a multi-regulated global broker with a named, FSCA-authorised South African entity and an OTC derivatives provider licence. This page covers what we’ve verified directly and is honest about what we’re still confirming.
Is Scope Markets Actually Regulated for South Africans?
We don’t take “FSCA regulated” at face value from any broker’s marketing. Here’s what we checked for Scope Markets specifically, and how you can check it yourself in a couple of minutes.
Situation 1: Named FSCA-Authorised Entity with ODP Licence
Scope Markets’ South African operations are conducted through Scope Markets SA (PTY) Ltd, registered under number 2016/137466/07, authorised by the FSCA as FSP number 47025 since July 2016, also holding OTC derivatives provider licence 64. The registered address is WeWork, 155 West Street, Sandown, Johannesburg.
Search FSP number 47025 and “Scope Markets SA” on the FSCA’s public register at fsca.co.za to confirm the licence is currently active before funding an account.
Other Group Licences
Scope Markets is a genuinely multi-entity regulated broker, with separate entities covering Cyprus (CySEC), Kenya (CMA), Belize (IFSC), and others. South African clients are served by the South African entity specifically, not routed through one of the offshore entities.
What We’re Still Confirming
Current account conditions, spread levels, specific payment methods and any South Africa-specific restrictions are part of our deeper account-level review. The entity name, FSP number and ODP licence above are confirmed from Scope Markets’ own regulatory disclosures.
What You’ll Actually Trade On
Scope Markets supports MetaTrader 4 and MetaTrader 5. Platform availability can vary by jurisdiction — South African clients should confirm which options apply to them at sign-up.
MetaTrader 4
The older and still widely used of the two MetaTrader platforms. Known for stability, a large library of custom indicators and expert advisors, and broad familiarity among traders who’ve used it for years across other brokers.
MetaTrader 5
The newer MetaTrader platform, with more built-in timeframes, order types and a broader range of tradable asset classes in one terminal. Worth choosing if you’re starting fresh rather than migrating an existing MT4 setup.
Scope Markets App
MetaTrader 5 offers more built-in timeframes, order types and a broader asset class range than MT4. Scope Markets’ platform availability per jurisdiction is worth confirming during registration.
How Scope Markets Structures Its Accounts
Spread-only, zero-spread (with commission), and professional tiers.
Spread-Only Account
Commission-free, with trading cost built into the spread. The most straightforward entry point.
Zero-Spread Account
Near-zero spreads on major pairs, paired with a per-lot commission rather than a spread markup. For traders who prefer transparent, separately charged costs.
Professional Tier
A higher-access account option for more experienced or higher-volume traders. Confirm current eligibility requirements and conditions directly with Scope Markets.
Funding Your Account From South Africa
Scope Markets has a Johannesburg office and its South African entity is locally registered, which suggests local payment familiarity, though we haven’t independently confirmed the specific methods currently on offer.
Deposits & Withdrawals
Scope Markets has an established South African presence, including a Johannesburg office, and is reported to support multiple deposit and withdrawal methods. We haven’t independently confirmed the specific current options, so check this directly during sign-up.
Exchange Control
Trading through a broker based outside South Africa involves moving funds offshore, which falls under South African exchange control rules. This isn’t personal financial or tax advice. If you’re unsure how these rules apply to your situation, a licensed advisor can walk you through it properly.
Where Scope Markets Holds Up, and Where to Look Closer
Based on what we’ve verified so far. This isn’t a numeric score, and it will get more specific once our full account-level review is published.
Working In Its Favour
- Named, confirmed FSCA entity with both an FSP and an OTC derivatives provider (ODP) licence: Scope Markets SA (PTY) Ltd, FSP 47025.
- FSCA-authorised since 2016, one of the earlier licences among the brokers on our list.
- Broad multi-jurisdiction regulatory footprint: CySEC (Cyprus), CMA (Kenya), IFSC (Belize) and others.
- Both MT4 and MT5 supported.
- Johannesburg office providing local presence.
Worth Confirming Yourself
- Platform availability under the South African entity specifically — MT4 and/or MT5 access may vary by jurisdiction, worth confirming at sign-up.
- Exact current spreads, commissions and minimum deposits per account tier, which change over time.
- Specific local payment methods and processing times for South African clients.
Scope Markets Review: Frequently Asked Questions
Is Scope Markets regulated in South Africa?
Is Scope Markets a scam?
What trading platforms does Scope Markets offer?
What account types does Scope Markets offer?
Is Exness or Scope Markets better for South African traders?
Still Deciding? See Our Recommended Broker
Of the brokers we’ve reviewed so far, Exness is the one our team recommends first, on the strength of its confirmed FSCA-authorised entity, platform range and long operating history.
Forex and CFD trading carries significant risk, and leverage can amplify losses as well as gains. Broker Verdict may receive compensation when you sign up through this link. This does not change how we evaluate brokers. See our affiliate disclosure and full risk disclaimer.
Written by the Broker Verdict Team. The South African entity (Scope Markets SA (PTY) Ltd, FSP 47025, ODP 64) was confirmed from Scope Markets’ own regulatory disclosures across multiple first-party pages. Trading conditions (spreads, leverage, minimum deposits) change and are not republished here as fixed figures. Read our full review methodology. Page last reviewed: August 2026.