Scope Markets SA in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%70
- Round-turn cost20%80
- Safety20%90
- Payouts15%0
- Track record10%60
- Platforms10%65
Numbered by weight: axis 1 counts for most.
Key facts
Licence check
Open an account with Scope Markets SAThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- Scope Markets SA (Pty) Ltd (reg 2016/137466/07), Sandton, Johannesburg
- Local standing
- FSCA-regulated domestic (FSP 47025, ODP64); part of multi-jurisdiction Scope Markets group (also IFSC Belize etc.)
- Licence as the register states it
- FSCA FSP 47025; licensed Over-the-Counter Derivatives Provider ODP64
- Leverage for this entity
- Leveraged forex/CFDs; group advertises up to 1:1000 via offshore entities - South African FSCA-regulated retail leverage generally lower/varies by instrument (confirm ZA-entity cap; do not assume 1:1000 for SA retail)
- The firm behind it
- South African entity of the international Scope Markets group; low-cost MT4/MT5-focused CFD/forex broker operating separately regulated entities across EU, Africa and offshore (Belize IFSC)
- What we hold against it
- Not verified at review (FSCA-licensed with ODP; group operates offshore entities - jurisdiction of client contracting matters for protections)
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards South African residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youFSCA-regulated domestic (FSP 47025, ODP64); part of multi-jurisdiction Scope Markets group (also IFSC Belize etc.)
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against South Africa market median(priced from 80 of 103)
Medians run over the 80 of 103 brokers that publish a price for South Africa, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: ZAR forex/CFD trading accounts (standard/low-cost tiers). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Scope Markets SA sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 9 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 100 USD · 54 of 103 brokers do not publish it
Retail leverage (72 of 103 with a South Africa figure)
Median 1:500 · range 20-5000 · this broker 1:1000 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (4 methods · 2 local)
EFT / instant EFT;
- EFTlocal
- instant EFTlocal
- Card
- Bank transfer
- Account currency
- ZAR
- Fee declared
- 4 of 4 methods
- Withdrawal back to
- the funding method
Where it does not serve(4 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(2 platforms)
- MetaTrader 4
- MetaTrader 5
| Class | Min spread | Leverage |
|---|---|---|
| MetaTrader 4 | 0.9 | 1000ZA |
| MetaTrader 5 | 0.9 | 1000ZA |
184 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: IC Markets Raw Spread MT4/MT5, IC Markets Raw Spread cTrader, Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard and 178 more.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.4 | 1,234 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(2 for and 4 against, each tied to a figure on this page)
- Authorised by the South Africa regulator in its own register
- Safety 90 of 100, its strongest of 6 scored axes
- Round turn 9 USD on the standard basis, over the South Africa median 7
- Min deposit 100 USD, over the South Africa median 50
- Withdrawal in 120 h, over the South Africa median 24
- Payouts 0 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 9ZA
- Min deposit, USD
- 100ZA
- Leverage
- 400ZA
- Rank in this country
- #9
- Round turn, USD
- 9ZA
- Min deposit, USD
- 25ZA
- Leverage
- 1000ZA
- Rank in this country
- #1
- Round turn, USD
- 7ZA
- Min deposit, USD
- 50ZA
- Leverage
- 500ZA
- Rank in this country
- #8
- Round turn, USD
- 7ZA
- Min deposit, USD
- 50ZA
- Leverage
- 1000ZA
- Rank in this country
- #25
- Round turn, USD
- 7ZA
- Min deposit, USD
- 100ZA
- Leverage
- 200ZA
- Rank in this country
- #29
- Round turn, USD
- 5ZA
- Min deposit, USD
- 10ZA
- Leverage
- 500ZA
- Rank in this country
- #17
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a South Africa score. Full methodology
| Axis | Weight | What is measured | Scope Markets SA |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 70 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 80 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 90 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 0 |
| Track record | 10% | Years since the firm was founded, from its own filings | 60 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 65 |
FAQ
- Does Scope Markets SA accept residents of South Africa?
- Yes. FSCA-regulated domestic (FSP 47025, ODP64); part of multi-jurisdiction Scope Markets group (also IFSC Belize etc.) Onboarding entity: Scope Markets SA (Pty) Ltd (reg 2016/137466/07), Sandton, Johannesburg
- Is Scope Markets SA licensed to serve clients in South Africa?
- FSCA FSP 47025; licensed Over-the-Counter Derivatives Provider ODP64 Checked on 11.07.2026.
- How much does one round turn cost at Scope Markets SA?
- About 9.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does Scope Markets SA offer to retail clients in South Africa?
- Up to 1:1000. CFDs Global indices 1:1000 leverage No requotes Trade Now Learn More Energy CFDs Crude Oil, Gas &
- Which trading platforms does Scope Markets SA support?
- MetaTrader 4, MetaTrader 5. Instruments: CFDs on forex (40+ pairs), global stock indices, commodities, share CFDs, cryptocurrencies
- How can I withdraw money from Scope Markets SA in South Africa?
- EFT / instant EFT; card and bank transfer
- What account types does Scope Markets SA offer?
- ZAR forex/CFD trading accounts (standard/low-cost tiers)
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://www.scopemarkets.co.za/en/platforms/mt5
Not tax advice. Check with SARS.