Scfm limited

Scfm limited

Verify your personal documents. 3. Fund. Deposit into your Scope Markets trading account. 4. Trade. Start trading Forex, Indices, Shares and Commodities CFDs. Register Now 22/02/ · Scope Markets is CMA regulated (Capital Markets Authority) forex broker in Kenya. They are regulated under license no. as SCFM Limited since Scope Markets are one of the 4 CMA regulated brokers for non-dealing derivatives & Forex trading in Kenya. We consider them to be relatively safe considering they are locally regulated 14/05/ · SCFM Limited is a fully owned subsidiary of SM Capital Markets Limited which is a company registered in Cyprus. SM Capital Markets also has another subsidiary, Scope Markets which is registered in blogger.comted Reading Time: 1 min

CMA licenses SCFM Limited to operate as a non-dealing forex trading broker - HapaKenya

Is this CMA regulated Kenyan forex broker any good? Let's find out. Scope Markets is CMA regulated Capital Markets Authority forex broker in Kenya. They are regulated under license no. We consider them to be relatively safe considering they are locally regulated. In terms of features, Scope Markets has a pretty decent offering.

Plus, they informed us that they are a STP broker, which means there is no conflict of interest with traders. Want to know how good or bad Scope Markets really is? We consider Scope Markets safe for Kenyan traders as they are regulated locally by Capital Markets Authority of Kenya CMA. Scope Markets is considered low risk for Kenyan traders, mainly because of the fact that they are licensed by local regulator CMA, scfm limited.

Trading fees are Scope Markets is not the lowest out of all the brokers that we have checked, scfm limited it is not the highest also. Not too high Spread but not the lowest : Their spread is variable. On average it was around 1. For other CFDs like Gold their typical spread is 35 pips, which is higher than other CFD brokers. But the spread with Gold account is lower than Silver Account.

This account should be considered by high volume traders. No Inactivity fees: This information is not available on their website. It is definitely not the lowest we have seen but still it is competitive we feel. Scope Markets have 2 Live account types. Silver Scfm limited This is a spread only, zero commissions account. The only fees with this account is the variable spread per lot.

The max. Negative balance protection is available on request, in case your balance goes into negative. Gold Account: This is an ECN type account with low typical spread from 0, scfm limited. leverage is You need to complete the Sign Up form on their website, and once you have done that you need to submit KYC documents for account verification. Verification takes a maximum of 24 hours. Once you are verified, you will receive a notification on email.

They offer a free demo scfm limited as well if you are a beginner trader looking to test. Overall, scfm limited, their account types are quite easy to get started with. Account opening with Scope Markets does include many steps. You can follow the below steps to open account with them:. You need to enter your name, email and set your account password on this same page, scfm limited.

Step 2 Select Trading Platforma and base currency: Now you will be redirected to a page where you need to select the trading platform and base currency for your trading account. Step 3 Enter Personal Information: Once done with selecting the platform, you need to enter some of your personal information like your date of birth, country, address, etc, scfm limited.

Step 4 Upload Documents: At this step, you need to scfm limited your identity. For this, you need to upload your ID proof and Scfm limited proof. This verification process can take some time depending upon your type of uploaded document, scfm limited. Step 5 Fund your account: You can now go ahead and start funding your account using any of your preferred payment methods to start trading. If you are looking to trade majors only then they are okay. Scope Markets only offers Metatrader 5 platform for traders in Kenya.

MT5 is the latest version of the Metatrader platform. If you are comfortable with MT5 then scfm limited will find their platform to be quite easy to use, scfm limited.

There following methods available for withdrawals for traders in Kenya. Although, withdrawals at other brokers like FXPesa, Exness are faster for MPesa withdrawals. You can get support at Scope Markets Kenya via following methods: 1. We did not experience any hold time, and our queries were answered almost instantly during the day time. Scfm limited Email support: We tested by sending their support an email at [email protected] They were pretty quick in answering our to our replies, and we got response normally within hours max.

Yes, we do recommend Scope Markets to traders in Kenya if your preference is to trade with a locally regulated broker, scfm limited. On the positive side, they are regulated by CMA in Kenya so you can trust scfm limited. In terms of fees, it is not too high, scfm limited. Their account types are very clear, and they deposit requirements are also not too high.

And their support is pretty decent as well, scfm limited. Negatively, their availability of number of trading instruments is very limited. Another thing is that they only offer MT5 trading platform, scfm limited, no Scfm limited or cTrader.

Overall, we think they have scope for improvements — but you can trust them due to scfm limited Kenyan regulation. Scope Markets Kenya Review Is this CMA regulated Kenyan forex broker any good?

Regulated By: CMA Kenya Capital Markets Authorityscfm limited, CySEC, FSCA, scfm limited. Headquarters: Nairobi, Kenya. Foundation Year: Table of Contents Scope Markets Kenya — A quick look Is Scope Markets Safe?

Scope Markets Fees Account Types at Scope Markets How to open account with Scope Markets? What is the minimum deposit at Scope Markets Kenya? Is Scope Markers Legit for traders in Kenya? Yes, Scope Markets is licensed by CMA for offering Online Scfm limited trading in Kenya. Does Scope Markets Kenya accept MPesa? All the withdrawals via this method are processed within few hours, scfm limited.

Ranked 7 of 8 Forex Brokers in Kenya. Visit Broker. Read and Write user Reviews. Note: We may earn a commission if you decide to sign up with the broker via the referral links in this scfm limited. Thanks for your support. Scope Markets Kenya.

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CMA Licenses SCFM to Operate as an Online Forex Broker

SCFM Limited, trading as ‘Scope Markets’ is a company registered in Kenya, authorised and regulated by the Capital Markets Authority as a Non- Dealing Online Foreign Exchange Trading Broker, License No. and a Derivatives Broker, License number and whose Registered Address is Westside Tower, 4th Floor, Office & , along Morefor SCFM LTD () Registered office address Cornerstone House Midland Way, Thornbury, Bristol, United Kingdom, BS35 2BS Company status Active Company type Private company limited by 14/05/ · SCFM Limited is a fully owned subsidiary of SM Capital Markets Limited which is a company registered in Cyprus. SM Capital Markets also has another subsidiary, Scope Markets which is registered in blogger.comted Reading Time: 1 min