Scope Markets vs FXPro

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

Scope Markets vs FXPro Comparison Table 2024
Scope Markets FXPro
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4.2
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4.4
Scope Markets is ranked #43 among CFD brokers. FXPro is ranked #16 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. Established in 2006, FxPro has emerged as a trusted non-dealing desk (NDD) broker offering trading on over 2,100 markets to more than 2 million clients worldwide. It has scooped over 100 industry awards and counting for its competitive conditions for active traders.
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
  • FxPro operates under a 'No Dealing Desk' (NDD) model, ensuring fast and transparent order execution, often under 12 milliseconds, ideal for short-term trading strategies.
  • FxPro's Wallet is a standout feature that allows traders to manage funds securely. By segregating unused funds from active trading accounts, the Wallet provides additional protection and convenience.
  • FxPro offers four reliable charting platforms, notably the intuitive FxPro Edge, with over 50 indicators, 7 chart types and 15 chart timeframes.
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
  • There are no passive investment tools like copy trading or interest paid on cash. While active traders may not miss these, competitors like eToro catering to active and passive investors have more comprehensive offerings.
  • While FxPro provides 24/5 customer support through multiple channels that performed well during testing, it lacks 24/7 availability, which can disadvantage traders needing assistance outside traditional market hours.
  • Despite a growing Knowledge Hub and a $10M funded demo account, FxPro is geared towards advanced traders, with beginners potentially finding the account and fee structure complex.
Awards
  • Best Online Broker (MENA) 2024 - Forex Awards
  • Best Trading Conditions APAC 2023 - Forex Awards
  • Best Trading Platform 2023 - Investors Chronicle & Financial Times
  • Best FX Service Provider 2023 - City of London Wealth Management Awards
  • Most Trusted Broker (Global) 2021 - Ultimate Fintech Awards
  • Best Broker 2021 (UK) - Ultimate Fintech Awards
  • Best Mobile Trading App 2021 - Ultimate Fintech Awards
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, CFDs, Stocks, Commodities, Indices, Futures CFDs, Forex, Stocks, Indices, Commodities, Futures
Demo Account
Yes Yes
Minimum Deposit
£50 $100
Payment Methods
Minimum Trade
0.01 lots 0.01 Lots
Regulator
CMA, FSC, FSCA FCA, CySEC, FSCA, SCB, FSA
Mobile Apps
iOS & Android iOS & Android
Trading App

The FxPro app for iOS and Android, which benefited from design improvements in 2024, demonstrates how mobile trading should be done with its sleek, user-friendly interface and powerful features. From trading CFDs and managing accounts to seamless in-app deposits, withdrawals, an integrated economic calendar, and push notifications, the app ensures you have the trading tools you need right from your palm.
iOS App Rating
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4.7
Android App Rating
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4.3
Margin Trading
Yes Yes
Margin Rate
0.5%
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No Yes
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No Yes
eSignal
No No
Trading Central
No Yes
STP Account
No Yes
ECN Account
No No
DMA Account
No Yes
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 Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader, cBots on cTrader
Copy Trading
No No
Social Trading
No No
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10 $15
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • ZAR
  • CHF
  • PLN
Commodities
  • Silver
  • Natural Gas
  • Oil
  • Gold
  • Platinum
  • Palladium
  • Platinum
  • Gold
  • Silver
  • Palladium
  • Oil
  • Gasoline
  • Soybeans
  • Natural Gas
  • Aluminium
  • Copper
  • Lead
  • Zinc
  • Cocoa
  • Coffee
  • Corn
  • Cotton
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. FxPro offers thousands of CFDs on forex, commodities, indices, shares and futures, expanded over the years. The broker's analysis and charting capabilities continue to stand as some of the best in the industry, with Trading Central integration, advanced order types and access to custom indicators.
Leverage
1:2000 1:30 (Retail), 1:500 (Pro)
FTSE Spread
0.4 171.63
GBPUSD Spread<
1.0 0.6
Oil Spread
0.2 39
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. FxPro offers 70+ currency pairs but no minors and stands out with its ultra-fast execution speeds and tight spreads averaging 0.45 pips on EUR/USD. Forex traders can also build test and deploy short-term trading strategies on the industry-leading MT4 software, with expert advisors (EAs) for algo trading.
Assets
44 70+
GBPUSD Spread
1.0 0.6
EURUSD Spread
1.0 0.45
EURGBP Spread
1.0 0.73
Currency Indices
  • USD
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. FxPro traders (outside the UK) can trade CFDs on over 25 popular cryptos, including Bitcoin and Ethereum as well as smaller tokens like Tron. In 2021, the broker introduced 24/7 trading on crypto, however where it stands out is its ultra-fast execution that lends it to active traders.
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • XMR
  • ZEC
  • BCH
  • DASH
  • BAT
  • BCH
  • BTC
  • DOG
  • DOT
  • DSH
  • EOS
  • ETC
  • ETH
  • IOT
  • LNK
  • LTC
  • NEO
  • XLM
  • XMR
  • XRP
  • ZEC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Scope Markets FXPro
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