Scope Markets vs XM.com
Choosing between Scope Markets and XM.com is a common decision for forex traders in Africa. In our analysis, XM.com scores 84/100 on our Hub Score compared to Scope Markets's 74/100. For traders with limited starting capital, XM.com has a lower entry point at $5. Below is a detailed, data-driven comparison across fees, regulation, platforms, and more to help you decide which broker fits your trading style.
Quick Verdict
Based on our Hub Score analysis, XM.com scores higher overall with 84/100. However, the best broker depends on your priorities — compare the detailed breakdown below to find the right fit for your trading style.
Scope Markets
XM.com
| Feature | Scope Markets | XM.com |
|---|---|---|
| Hub Score | 74/100 | 84/100 |
| Min. Deposit | $10 | $5 |
| Spreads | from 0.9 pips | From 0.6 pips (Standard), 0.0 pips (Zero) |
| Max Leverage | 1:1000 | 1:1000 |
| Regulation | FSC Belize, CySEC, CMA Kenya | CySEC, DFSA, FSCA, FSC |
| Platforms | MetaTrader 4, MetaTrader 5, Iress | MetaTrader 4, MetaTrader 5, XM Mobile App, WebTrader |
| Account Types | Islamic Account, Standard, Cents Account | Micro, Standard, XM Ultra Low, XM Zero |
| Trading Instruments | Forex, Indices, Commodities, Shares, Fractional Stocks, Futures | Forex, Stock CFDs, Commodities, Indices, Precious Metals, Energies, Cryptocurrencies |
| Founded | 2014 | 2009 |
| Headquarters | Belize City, Belize | Limassol, Cyprus |
Pros
- Low $10 minimum deposit
- Leverage up to 1:1000
- Innovative Cents account option
- Thousands of instruments
- Part of established Rostro Group
Cons
- Limited brand recognition
- High leverage risks for beginners
Pros
- Very low $5 entry barrier for all traders
- Guaranteed execution with zero order rejections
- 1,400+ tradable markets including Turbo Stocks
- Free high-speed VPS for active clients
- Award-winning 24/7 multilingual support
Cons
- Limited platform options
- Higher spreads from 0.6 pips
- No proprietary advanced tools
- Limited educational content for professionals. Aggressive inactivity fee starts after only 90 days
- Lacks a proprietary desktop-native trading platform
- Standard account spreads are higher than ECN rivals
Which broker has lower spreads, Scope Markets or XM.com?
Scope Markets offers spreads from from 0.9 pips, while XM.com offers spreads from From 0.6 pips (Standard), 0.0 pips (Zero). Check each broker's specific account type for exact spread conditions.
What is the minimum deposit for Scope Markets vs XM.com?
Scope Markets requires a minimum deposit of $10, while XM.com requires $5.
Is Scope Markets or XM.com better regulated?
Scope Markets is regulated by FSC Belize, CySEC, CMA Kenya, while XM.com is regulated by CySEC, DFSA, FSCA, FSC. Always verify regulation status directly with the relevant authority.
Which is better for beginners, Scope Markets or XM.com?
Scope Markets is marked as beginner-friendly. XM.com is also beginner-friendly. Consider factors like minimum deposit, educational resources, and platform ease of use.
Disclaimer: This comparison is based on publicly available information and our independent analysis. Broker offerings, fees, and regulatory status can change at any time. Always verify current conditions directly with the broker before opening an account. Trading forex involves significant risk of loss and is not suitable for all investors.