- Regulator
- Capital Markets Authority (CMA)
- Local company
- SCFM Limited
- Licence number
- 123
- M-Pesa
- Not confirmed
Broker review · Checked
Scope Markets review 2026: is Scope Markets legit in Kenya and South Africa?
Scope Markets holds a CMA licence in Kenya (SCFM Limited, 123) and its South African company is an approved OTC derivative provider. Kenyan accounts start at $100 with leverage up to 1:400. We have not matched its FSP number yet.
- 🇰🇪 CMALicence 123
- 🇿🇦 FSCAChecking
- Minimum deposit$100
- M-PesaNot confirmed
Is Scope Markets regulated? Licence by country
- Regulator
- Financial Sector Conduct Authority (FSCA)
- Local company
- Not yet verified
- Licence number
- —
Scope Markets SA (Pty) Ltd is an approved OTC derivative provider (ODP) on the FSCA list of OTC derivative providers, checked 25 Oct 2026; its FSP number is still to be confirmed.
A licence means someone supervises the broker. It does not make trading safe: most retail CFD accounts lose money.
About Scope Markets
Scope Markets is a multi-regulated group. In Kenya, SCFM Limited holds online forex licence 123 and is also an NSE derivatives broker. In South Africa, Scope Markets SA (Pty) Ltd is on the FSCA list of approved OTC derivative providers (checked 25 Oct 2026).
Who Scope Markets suits, and who should look elsewhere
Good fit if you
- want a CMA-licensed broker with its own platform as well as MetaTrader
- are in South Africa and want an approved local CFD issuer
Look elsewhere if you
- want the lowest spreads
- want rich beginner education
Scope Markets account types and minimum deposit
| Account | Minimum deposit | Pricing |
|---|---|---|
| Kenya Silver | $100 | About 1.1 pips on EUR/USD, no commission |
| Kenya Gold | $100 | About 0.2 pips plus $3.50 per side |
| South Africa One Account | $300 or R5,000 | From 0.9 pips, no commission |
From DayTrading.com's 2024 review.
Leverage: Up to 1:400 on Kenyan accounts.
Scope Markets fees: spreads, commission and other charges
| Commission | Kenya Gold only, $3.50 per side |
| Withdrawals | Usually up to five working days; wires 1–8 days |
Work out the cost of a trade before you place it with our pip value and profit and loss calculators.
Scope Markets deposits and withdrawals in Kenya and South Africa
🇰🇪 Kenya
- Licensed company: SCFM Limited, CMA licence 123.
- Kenyan Wall Street lists M-Pesa with a $100 minimum; not confirmed elsewhere.
🇿🇦 South Africa
- Scope Markets SA (Pty) Ltd is an approved OTC derivative provider.
- FSP number still to be confirmed.
M-Pesa limits, rand EFT, cards, e-wallets and the payment scams to avoid: read our deposits and withdrawals guide.
Scope Markets trading platforms
- MetaTrader 4
- MetaTrader 5
- Scope Trader
- Scope mobile app
Is your money safe with Scope Markets?
- CMA licence in Kenya and approved ODP status in South Africa.
- No top-tier European or Australian regulator in the group.
Scope Markets pros and cons
Pros
- CMA licence and approved ODP in South Africa
- Rand account option in South Africa
- Own platform plus MT4/MT5
Cons
- Spreads wider than some rivals
- Limited education
- Older published data
Our real-money test of Scope Markets
Coming
We will open a Scope Markets account, deposit, place a trade and withdraw, then publish the screenshots, the time each step took and every fee we paid.
Scope Markets withdrawal time: reports from traders
How long do Scope Markets withdrawals really take?
Loading reports…
Median of reports from traders. Not checked by us; our own tests are marked separately.
Withdrawal stuck or refused at Scope Markets? Get a ready complaint letter and the right regulator contact with our complaint desk →
Scope Markets: questions people ask
Is Scope Markets regulated in Kenya?
Yes. In Kenya, Scope Markets operates through SCFM Limited, which holds CMA licence 123. Check that this company is named on your client agreement, not an offshore company of the same brand.
Is Scope Markets regulated by the FSCA in South Africa?
Not confirmed. We have not yet matched Scope Markets to an FSCA licence number, so it gets no “Visit” button for South Africa until we do. Scope Markets SA (Pty) Ltd is an approved OTC derivative provider (ODP) on the FSCA list of OTC derivative providers, checked 25 Oct 2026; its FSP number is still to be confirmed.
What is the Scope Markets minimum deposit in Kenya?
$100 on Silver and Gold accounts.
Is Scope Markets regulated in South Africa?
Its South African company is an approved OTC derivative provider on the FSCA register.
Sources for this review (checked 25 Oct 2026)
- CMA: licensed non-dealing online forex brokers
- FSCA: OTC derivative providers search
- DayTrading.com: Scope Markets review (2024)
- Kenyan Wall Street: forex brokers that accept M-Pesa
Fees, minimums and payment methods change and can differ by the company you sign with. Confirm them on the broker's site before you deposit. Spotted something out of date? Tell us.