The safety dossier

Home / Reviews / Scope Markets / Fees

Scope Markets fees, after the safety questions

Cost is the last thing to weigh when the question is whether your money is safe, so this page comes after the regulation page and reads in that light.

Regulation: Belize FSC (1943611); Mauritius FSC (GB19024853); Kenya CMA (Forex 123, Derivatives 143) through group entities. How Scope Markets is regulated

Facts last checked . Read the full Scope Markets review.

What it costs to trade

Spread from
0.0 pips
EUR/USD spread
Approx. 1.0 pip
GBP/USD spread
Approx. 1.2 pips
Commission
$0 on standard forex pricing
All-in cost, EUR/USD
Approx. 1.0 pip
Spread type
Variable
Overnight swap
Both: overnight swaps may be charged or credited
Inactivity fee
$10/month after 6 months inactivity
Deposit fee
Generally none internally; method/currency-dependent charges may apply
Withdrawal fee
First withdrawal per day and up to five per week free; excess withdrawals may incur $35 equivalent
Currency conversion
No conversion fee for specified major currencies; up to 3% spread for applicable exotic currency conversion

What this means

Cost is the last thing to weigh here, and never the thing that should decide it.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Scope Markets lists a minimum deposit of $50. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Questions about Scope Markets fees

Does Scope Markets charge to deposit or withdraw?

Deposit fees at Scope Markets: Generally none internally; method/currency-dependent charges may apply. Withdrawal fees: First withdrawal per day and up to five per week free; excess withdrawals may incur $35 equivalent.

Does Scope Markets charge an inactivity fee?

Scope Markets's inactivity fee is recorded as $10/month after 6 months inactivity.

What does Scope Markets charge to hold a position overnight?

Overnight financing at Scope Markets is recorded as both: overnight swaps may be charged or credited.

Fees at brokers under the same regulator

More about Scope Markets