Scope Markets vs JustMarkets

Scope Markets vs JustMarkets Comparison Table 2024
Scope Markets JustMarkets
4.2
3.9

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.

JustMarkets is a multi-asset broker with both CySEC-regulated and offshore branches. Offering ultra-low spreads, copy-trading services, 170+ tradeable instruments and MetaTrader support, JustMarkets has a lot to offer both beginner and experienced traders.

Bonus Offer
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. $30 No Deposit Bonus
Comment by Reviewer
"Scope Markets continues to appeal to experienced short-term traders seeking highly leveraged CFDs and spot investment products on the powerful MetaTrader 5 platform. Investors can also access additional trading tools, including premium signals and PAMM/MAM accounts. " "With some of the most affordable pricing in the game and access to the powerful MT4 and MT5 platforms, JustMarkets is a good choice for any investor."
Pros
  • There's a decent range of research and analysis resources including a market blog, forex calculators and an economic calendar
  • Day traders can access both the MT4 and MT5 platforms, with support for Expert Advisors (EAs) and auto trading strategies
  • The Scope Trader proprietary platform offers high quality technical features, including 50+ charting tools
  • The broker offers multilingual, 24/5 customer support via telephone, email and live chat
  • Multiple accounts to suit different strategies and experience levels
  • Fast order executions from 0.01 seconds
  • Trustworthy and regulated by CySEC
  • Welcome bonus for new traders
  • 170+ trading instruments
  • Tight spreads from 0 pips
  • MetaTrader 4 integration
  • Low minimum deposit
Cons
  • Spreads are wider than some alternatives, starting from 0.9 pips for major pairs - the best brokers offer spreads from 0.0 pips
  • Scope Markets is not overseen by any of the top-tier regulators in the US, Europe or Australia
  • Educational resources are very limited which will reduce the appeal for beginners
  • Non-forex asset list is light with just 65 stocks plus a handful of indices and commodities
  • Limited availability with clients not accepted from the US, UK, Japan, Germany and other countries
Awards
  • Best Broker Africa 2023 - UFAwards
  • Best Broker In Asia 2022 - UFAwards
Instruments
Forex, CFDs, Stocks, Commodities, Indices, Futures Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures
Demo Account
Yes Yes
Minimum Deposit
$1
Trading Platforms
  • Scope Trader
  • MT4
  • MT5
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 lots 0.01 Lots
Regulator
CMA, FSC, FSCA CySEC, FSA, VFSC
Margin Trading
Yes Yes
STP Account
No Yes
ECN Account
No Yes
DMA Account
No No
MAM Account
No Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
JustMarkets offers copy trading services directly through the Investor Wallet. Copy leading traders and benefit from their success with reasonable fees and real-time tracking capabilities.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No Yes
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10 $5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • ZAR
  • MYR
  • IDR
  • THB
  • VND
Stock Exchanges
Commodities
CFD Trading
You can trade hundreds of CFDs on major asset classes including currencies, shares and futures. Spreads are not overly competitive starting at 0.9 pips, although the $50 minimum deposit and zero commissions will allow active traders to keep their costs down. JustMarkets traders can access CFDs on 170+ instruments including forex, stocks, indices and commodities with ultra-tight spreads, very high leverage up to 1:3000 from the offshore entity, and no commission fees.
Leverage
1:2000 1:3000
FTSE Spread
0.4 1 - 2.5 
GBPUSD Spread
1.0 0 - 1.0
Oil Spread
0.2 2.0
Stocks Spread
Variable Variable
Forex Trading
Scope Markets offers 40+ major, minor and exotic currency pairs. Although the range is average, experienced traders can access very high leverage up to 1:2000. Additionally, the broker’s proprietary terminal delivers advanced analysis tools, including a live forex heatmap. JustMarkets offers a good selection of 65+ forex pairs, which can be traded through the MT4 and MT5 platforms. High leverage is available from the offshore branch, and the broker also offers very tight spreads starting from 0.1 with no commission on the Pro account.
GBPUSD Spread
1.0 0 - 1.0
EURUSD Spread
1.0 0 - 1.0
EURGBP Spread
1.0 1 - 2.5 
Assets
44 65+
Cryptocurrency
Traders can go long or short on popular cryptos like Bitcoin, Ethereum and Ripple paired with USD. Trading is available on the MT5 platform, which offers an excellent environment for short-term crypto strategies, with 21 chart timeframes and dozens of indicators. JustMarkets offers popular digital currencies with low spreads. The crypto market can be analyzed using leading software and a suite of advanced charts and technical analysis tools.
Spread
Variable Floating from zero (Raw ECN)
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • XMR
  • ZEC
  • BCH
  • DASH
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • DSH
  • NEO
  • XMR
  • EOS
  • ADA
  • DOGE
  • LINK
  • XLM
  • EMS
  • KOS
  • SOL
  • MAT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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