MTrading vs Scope Markets

MTrading vs Scope Markets Comparison Table 2023
MTrading Review 2023	Scope Markets Review 2023
Review 2.8	Review 4.2 Scope Markets is #10 in our CFD broker rankings.
Traders from US not accepted See available CFD brokers	Traders from US accepted
MTrading is an offshore broker that offers a simple trading experience through the MetaTrader 4 platform. There are over 100 tradeable assets with floating spreads starting at around 1.2 pips and leverage up to 1:1000. The brokerage has over a decade of experience in the online trading industry with hundreds of thousands of registered traders globally.	Scope Markets offers day trading and investing in multiple spot and CFD instruments. The group of brokers is regulated in several locations, including Belize, Kenya and South Africa. Users get competitive trading conditions, a range of payment methods, strong support and can get started in a few straightforward steps.
Bonus Offer
200% deposit bonus with MPremium	50% Deposit Bonus Up to $50,000. *Bonus promotions do not apply to all entities. Depending on the jurisdiction chosen to open an account with, different regulations apply.
Comment by Reviewer
"MTrading is best for beginners to intermediate traders looking for access to popular financial markets and copy trading tools."	"Scope Markets will appeal to traders seeking highly leveraged CFDs and spot investment products on the powerful MetaTrader 5 platform. The Scope Markets Group stands out for its range of trading tools and educational materials."
Pros
Straightforward trading experience with an easy-to-use terminal Supports the popular MT4 platform as well as the multi-platform and supreme editions High leverage available of up to 1:1000, allowing confident traders to boost their positions Copy trading available with detailed ranking system 200% deposit bonus and cashback scheme Free demo account for prospective users	Modern Scope Trader web platform with 50+ analysis tools and intuitive design Available in English, Spanish, Russian, Vietnamese & Chinese etc. A wide range of trading training courses and tutorials Regular market news, updates and webinars Multilingual, 24/5 customer support MT4 and MT5 platform integration Low commissions and fees Multi-regulated group
Cons
Not regulated by a reputable financial body Relatively wide spreads, starting at more than 1 pip on popular assets Deposit and withdrawal fees on some payment methods will cut into profits Limited market access with only around 100 instruments - few stocks and no crypto	Regulatory scrutiny varies between countries Limited trading instruments
Awards
Change Africa Summit Award 2019 FiNEXPO Best Broker 2019 & 2018 Best Forex Rebate Provider 2016
Instruments
Forex, CFDs, indices, commodities	Forex, Stocks, Commodities etc.
Demo Account
Yes	Yes
Minimum Deposit
$100	$50
Trading Platforms
MT4	MT4 MT5
Payment Methods
Credit Card Mastercard Neteller Perfect Money Skrill Visa Wire Transfer	Credit Card Debit Card M-Pesa Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 lots
Regulator
	CMA, FSC, FSCA
Margin Trading
No	Yes
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
Yes	iOS & Android
Auto Trading
Yes (APIs)	Yes
Copy Trading
Yes	No
Copy Trading Platform
Investors can subscribe to signals from other traders using an intelligent rating system and full account management. Learn while following and copying the positions of more experienced traders.
Social Trading
Yes	No
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP
Stock Exchanges
	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group Nasdaq SIX Swiss Exchange
Commodities
Gold Silver	Gold Natural Gas Oil Palladium Platinum Silver
CFD Trading
MTrading provides CFDs on 10 indices and 65+ stocks with a transparent pricing structure. The broker also very high leverage up to 1:1000, magnifying both returns and losses.	Scope Markets clients can trade CFDs on a good selection of asset classes including forex, precious metals, energies, indices and global shares. The award-winning broker also offers a decent suite of educational materials and a YouTube channel to support aspiring traders.
Leverage
1:25	1:2000 (location dependent)
FTSE Spread
0.8	0.4
GBPUSD Spread
1.7	1.0
Oil Spread
9.0	0.2
Stocks Spread
Variable	Variable
Forex Trading
MTrading offers a good range of 65+ forex pairs with zero commission on its M.Premium account and 25 pairs with $4-per-lot commission on the M.Pro account. However floating spreads are wide and start from 1.2 pips.	Scope Markets offers MT5 trading for a range of major, minor and exotic currency pairs with high leverage and a low starting deposit. Multilingual 24/5 support is also available to support forex traders.
GBPUSD Spread
1.7	1.0
EURUSD Spread
1.2	1.0
EURGBP Spread
1.7	1.0
Assets
60+	44
Cryptocurrency
Crypto trading not offered	Go long or short on popular cryptos like Bitcoin, Ethereum and Ripple with leveraged CFDs and competitive spreads. Depending on the jurisdiction, different regulations apply. CFDs on cryptocurrencies are not offered in all jurisdictions.
Spread
	Variable
Coins
	BTC ETH LTC XRP XMR ZEC BCH DASH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
More Comparisons
MTrading vs	Scope Markets vs