This Scope Markets Kenya review examines the broker’s regulation under the Capital Markets Authority (CMA), trading platforms, account types, and client protections. Operated by SCFM Limited, Scope Markets Kenya is a locally regulated non-dealing forex broker offering CFDs on forex, indices, and commodities via MetaTrader platforms.

Regulation and Safety

Scope Markets Kenya is licensed and regulated by the Capital Markets Authority of Kenya (CMA) under license number 123. As a CMA-regulated broker, it must comply with local investor protection laws, risk disclosures, and capital adequacy requirements.

Key safeguards include:

• Segregated client funds held in Kenyan banks
• Periodic audits and regulatory reporting to the CMA
• Strict compliance with anti-money laundering and KYC standards

The broker does not fall under ESMA or offshore regulation, offering a jurisdiction-specific framework with local accountability.

Execution Model and Trading Platforms

Scope Markets Kenya operates a non-dealing-desk (NDD) model with Straight Through Processing (STP). All trades are routed to liquidity providers with no conflict of interest.

Supported platforms include:

• MetaTrader 4 – desktop, web, Android, iOS
• MetaTrader 5 – desktop, web, Android, iOS

Execution speeds are optimized for the East African region, with full support for EAs (Expert Advisors), scalping, and hedging. VPS hosting and FIX API are available for advanced users.

Markets and Instruments

Scope Markets Kenya offers CFD trading on key asset classes:

• Forex – 40+ major, minor, and exotic pairs
• Indices – Global equity indices such as US30, NAS100, GER40, UK100
• Commodities – Gold, silver, WTI, Brent oil

Shares and cryptocurrencies are not currently available under the Kenyan entity. All instruments are traded on margin via CFDs.

Accounts, Spreads and Leverage

Two primary account types are offered:

• Standard Account: Spreads from 1.4 pips, zero commission
• Pro Account: Spreads from 0.0 pips, commission of $6 per lot round-turn

Other conditions include:

• Leverage: Up to 1:400 for retail clients (as permitted by CMA)
• Minimum deposit: $100 or KES equivalent
• Stop-out level: 50%
• Swap-free Islamic accounts available

Funding and Base Currencies

Scope Markets Kenya supports local and international funding methods:

• MPesa (instant deposits in KES)
• Bank transfers (KES, USD)
• Visa and Mastercard debit/credit cards
• Skrill and Neteller (international clients)

Base currencies supported include KES and USD. Deposits are processed instantly or within 24 hours. Withdrawals are typically processed within 1–2 business days with no internal fees.

Client Protections and Features

Scope Markets Kenya ensures robust client protection via:

• Segregated accounts under CMA rules
• Negative balance protection
• Regulatory audits and public disclosures
• 2FA security and encrypted login environments

Local customer support, educational webinars, and economic calendars are provided to enhance client engagement and awareness.

Institutional and Retail Offering

Scope Markets Kenya primarily targets retail clients but offers institutional services via:

• FIX API for automated and high-frequency trading
• VPS services for latency-sensitive execution
• Custom pricing for introducing brokers and high-volume traders

There is no white-label or prime brokerage offering under the Kenyan entity.

Pros

• Regulated by Kenya’s CMA with local oversight
• Supports MPesa deposits in KES
• MT4 and MT5 access with ECN-style pricing
• Islamic accounts and VPS available
• High leverage up to 1:400

Cons

• No access to stocks, ETFs, or crypto
• No proprietary platform or mobile wallet
• Minimum deposit may be high for some local traders
• Limited educational resources on-site

Frequently Asked Questions

Is Scope Markets Kenya regulated?

Yes, Scope Markets Kenya is licensed by the Capital Markets Authority (CMA) under license number 123.

What platforms are available with Scope Markets Kenya?

Clients can trade on MetaTrader 4 and MetaTrader 5, both available on desktop, mobile, and web.

Does Scope Markets Kenya support MPesa?

Yes, MPesa is fully supported for deposits and withdrawals in Kenyan Shillings (KES).

What is the minimum deposit?

The minimum deposit is $100 or the KES equivalent, depending on account currency.

Can I open an Islamic account?

Yes, Scope Markets Kenya offers swap-free Islamic accounts upon request, subject to approval.