Windsor Brokers vs Scope Markets

Windsor Brokers vs Scope Markets Comparison Table 2024
Windsor Brokers Scope Markets
3.5
4.2

Windsor Brokers is a multi-regulated broker offering CFD trading on diverse instruments via the MetaTrader 4 platform. This CySEC-regulated firm offers tight spreads from 0.2 and $8 round-turn commissions on its Zero account as well as a commission-free account with spreads from 1 pip. The broker provides very high leverage up to 1:1000 while also providing a reliable service with client funds insured up to 5 million euros.

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
$30 no deposit bonus 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
"Both beginners and experienced forex traders will find good value in Windsor Brokers' flexible account options, which give the opportunity for highly leveraged trading with safeguards like negative balance protection." "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. "
Pros
  • Tight spreads and competitive commissions on Zero account
  • MT4 platform support plus copy trading functions
  • Overseen by reputable regulators including CySEC
  • Excellent range of educational materials
  • High leverage up to 1:1000
  • 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
Cons
  • No additional trading platform support
  • Regulatory oversight varies between entities
  • Weak customer support and live chat function
  • 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
Awards
  • Best Multi-Trading Platform 2018 - Global Brands Magazine
  • Best CSR Company 2018 – International Finance Magazine
  • Most Transparent Forex Brokers 2018 - Jordan Forex Expo
  • Most Trusted Forex Broker 2017 - UK Forex Awards
  • Best Forex Provider 2014 - China International Expo
  • Best Forex Broker 2011 - Middle East Forex Expo
Instruments
Forex, CFDs, indices, shares, commodities, treasuries Forex, CFDs, Stocks, Commodities, Indices, Futures
Demo Account
Yes Yes
Minimum Deposit
$100
Trading Platforms
  • MT4
  • Scope Trader
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 lots
Regulator
CySEC (Cyprus), IFSC (Belize), JSC (Jordan) 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 Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
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
Inactivity Fee
$10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on forex, stocks, indices, commodities, bonds and cryptos with a maximum 1:1000 leverage available from the offshore branches and 1:30 from the CySEC-regulated entity. The broker's dealing desk assures fast execution, but traders should note the broker does not offer any ECN or STP 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.
Leverage
1:30 (EU), 1:500 (Global) 1:2000
FTSE Spread
N/A 0.4
GBPUSD Spread
0.5 1.0
Oil Spread
0.03 0.2
Stocks Spread
Variable Variable
Forex Trading
Trade 45+ forex pairs with lightning-fast execution and spreads from zero on majors. We were offered a tighter-than-average 0.5 spread on the GBP/USD pair and rated the powerful MetaTrader 4 platform. 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.
GBPUSD Spread
0.5 1.0
EURUSD Spread
0.2 1.0
EURGBP Spread
0.5 1.0
Assets
44 44
Cryptocurrency
Crypto trading not offered 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.
Spread
Floating 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
More Comparisons
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