Scope Markets vs Eurotrader

Scope Markets or Eurotrader – which is better for UK traders 2024? Compare Scope Markets and Eurotrader in this detailed breakdown of their platforms, features and fees.

Scope Markets vs Eurotrader Comparison Table 2024
Scope Markets Eurotrader
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4.2
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2.8
Scope Markets is ranked #42 among CFD brokers. Eurotrader is ranked #92 among CFD brokers.
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Scope Markets offers 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. EuroTrader is a CySEC-regulated CFD broker, established in 2018. The brand aims to empower and educate traders of all abilities, offering bespoke software including a copy trading app. EuroTrader customers can also trade on MT4 and MT5, with VPS connectivity, market insights and trading calculators.
Pros
  • There's a decent range of research and analysis resources including a market blog, forex calculators and an economic calendar
  • 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
  • Choice of account types to suit different experience levels and investment goals
  • Fee-free deposit methods, the majority offering instant processing
  • Copy trading app where you can follow the positions of other traders
  • 2000+ instruments including forex, commodities and cryptos
  • Free demo account that replicates live market conditions
  • High-quality EuroTrader Academy learning center
  • Trusted broker regulated by the CySEC
  • Commission-free trading accounts
  • Access to MetaTrader software
  • Islamic-friendly trading
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
  • Withdrawals take up to five days - slower than many alternatives
  • US traders not accepted
  • CFD trading only
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, CFDs, Stocks, Commodities, Indices, Futures CFDs, Forex, Stocks, Cryptos, Commodities
Demo Account
Yes Yes
Minimum Deposit
£50 $50
Payment Methods
Minimum Trade
0.01 lots 0.01 Lots
Regulator
CMA, FSC, FSCA CySEC, FINMA, FSCA, FCA
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
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Android App Rating
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Margin Trading
Yes No
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
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
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Social Trading
No 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
Commodities
  • Silver
  • Natural Gas
  • Oil
  • Gold
  • Platinum
  • Palladium
  • Silver
CFD
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. EuroTrader offers leveraged CFDs on a large suite of 2000+ instruments with MT4/MT5 access. Trade with high leverage up to 1:500 and choice of pricing models, alongside 24/5 customer support.
Leverage
1:2000 1:500
FTSE Spread
0.4 6
GBPUSD Spread<
1.0 0.7
Oil Spread
0.2 3
Stocks Spread
Variable Variable
Forex
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. Trade 50+ major, minor and exotic currency pairs including EUR/USD and USD/JPY. Invest commission-free on the Micro Account with average spreads of 1.2 pips and a low $50 minimum deposit.
Assets
44 59
GBPUSD Spread
1.0 0.7
EURUSD Spread
1.0 0.2
EURGBP Spread
1.0 0.6
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. Trade 17 cryptocurrency CFDs including Bitcoin and Ethereum with a 50% margin rate. Commission fees apply from 0.5%, which are reasonable but now the lowest.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • XMR
  • ZEC
  • BCH
  • DASH
  • BTC
  • ETH
  • LTC
  • BCH
  • BNB
  • BAT
  • DASH
  • EOS
  • ETC
  • IOT
  • NEO
  • OMG
  • TRX
  • XLM
  • XMR
  • XRP
  • ZEC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Scope Markets Eurotrader
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