Is Scope Markets legit and safe?

By Gerald Louw · Last verified: July 2026 · How we verify

Legit — strongest in Kenya

Scope Markets is one of the few brokers whose strongest licence is African: SCFM Limited, trading as Scope Markets, holds CMA Kenya licence 123 — verified by us on the official CMA list on 12 July 2026. Outside Kenya the group operates under FSC Belize and a CySEC entity, which are materially weaker regimes for recourse. No regulator enforcement actions surfaced in our sweep.

Who you actually contract with

▸Kenya: SCFM Limited, trading as Scope Markets — CMA licence 123, on the CMA’s official licensee list (verified 12 July 2026; screenshot below).
▸Cyprus: SM Capital Markets Ltd — CySEC CIF 339/17 — verified on the CySEC register 12 July 2026. Other group entities operate under FSC Belize — clients outside Kenya should confirm which entity onboards them.
▸No South African (FSCA) licence.

The register, not our word for it

CMA Kenya official licensee list showing SCFM Limited, trading as Scope Markets, licence 123 — CMA Kenya’s official licensee list, captured 12 July 2026: SCFM Limited, trading as Scope Markets — licence 123.

Verified findings — with sources

No regulator warnings, fines or licence-mismatch issues surfaced against Scope Markets entities in our July 2026 sweep.

We publish only findings we verified against regulators' own releases, registers, or the broker's own disclosures — and we name the source. Unverified claims circulating online are excluded.

What's genuinely good

CMA Kenya licence verified by us on the official list — genuinely local for Kenyan traders
Clean enforcement record in our sweeps

Before any money moves

Outside Kenya, onboarding falls to Belize or Cyprus entities — confirm yours and the recourse that applies
No South African licence

Run a live check on any broker Read our full Scope Markets review

Frequently asked questions

Is Scope Markets regulated in Kenya?

Yes — SCFM Limited, trading as Scope Markets, holds CMA licence 123. We verified it on the Capital Markets Authority’s official licensee list on 12 July 2026.

Is Scope Markets safe outside Kenya?

The group is legitimate, but non-Kenyan clients are typically onboarded under FSC Belize — a far lighter regime with limited recourse. Kenyan traders get the strongest version of this broker; everyone else should compare locally-licensed alternatives first.

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