How To Get Started Trading with Scope Markets

Account Registration Process

Our company offers a fast and straightforward registration procedure tailored for South African clients. The sign-up takes roughly five minutes and requires essential personal details. You can register using any internet-enabled device, including mobiles and desktops.

Start by visiting our official website and clicking the “Open Account” button prominently displayed on the homepage. Fill in your email, set a secure password, and provide your title, full name as per your identification, and birthdate in DD/MM/YYYY format. Select South Africa as your country and enter your phone number with the +27 country code. Agree to our terms and conditions before submitting the form.

After submission, a confirmation email is sent promptly. Verify your email by clicking the link provided to activate your account access. Both demo and live accounts are generated automatically after registration. The demo account contains $50,000 in virtual funds, active for 14 days, enabling risk-free practice.

Document Verification Requirements

Identity Documentation

To comply with FSCA regulations, we require valid identity documents from South African residents. Acceptable forms include the green barcoded ID book (front page only), national ID card (both sides), or passport (photo page). Documents must be clear, current, and free from damage or glare.

Proof of Residence

Proof of residence must match the address provided in your registration. Valid documents include utility bills, bank statements, municipal rates notices, or lease agreements dated within the last 90 days. Ensure the entire document is visible and legible, with all four corners captured. Screenshots of mobile banking apps are not acceptable.

Verification Submission

Upload scanned or photographed copies of your documents via the client portal under the “Verification” tab. Verification typically completes within 24 hours. You will receive notification via email and platform alerts once approved or if additional information is required.

Platform Download and Installation

MetaTrader 5 Setup

After verification, download MetaTrader 5 (MT5) from your client portal. Click the “Download MT5” button to save the 50MB installer. The platform supports Windows 7 or later versions. Run the installer and follow prompts; installation completes within minutes.

Launch MT5 and log in using your account number and password from the portal. The platform provides real-time quotes, charting tools, and order execution features essential for trading.

Mobile Application Access

Our mobile MT5 app supports iOS 9.0+ and Android 4.4+ devices. Find “MetaTrader 5” on the Apple App Store or Google Play Store. After installation, select “Login to existing account,” then input your server details and credentials as provided in your client portal. The app syncs seamlessly with desktop accounts.

System Requirements and Compatibility

MT5 requires at least 2GB RAM and stable internet connectivity (minimum 512 kbps). Supported desktop platforms include Windows 7/8/10; Mac users can run MT5 via virtualization software. Mobile apps are compatible with most smartphones and tablets released in the last six years.

Account Funding Methods

We provide several secure deposit methods for South African clients, with a minimum funding amount of $100 USD (approx. R1,600 ZAR). Visa and Maestro card deposits clear instantly without extra charges. Skrill deposits take up to 24 hours and support ZAR currency conversion.

Bank wire transfers accommodate larger amounts above $1,000 USD and require 2-3 business days for clearance. All client funds are held in segregated tier-one bank accounts, ensuring separation from company operational capital.

Choose your base currency during deposit; options include USD, EUR, or GBP. This choice is fixed for the account and requires opening a new account for currency changes. Navigate to “Deposit Funds” in the client portal to start funding your account.

Trading Platform Features

Market Analysis Tools

MetaTrader 5 integrates over 50 technical indicators, including Moving Averages, RSI, and MACD. Access them via the “Insert” menu, selecting “Indicators” to filter by type: trend, oscillator, volume, or custom. Use graphical tools like Fibonacci retracements and trend lines available from the toolbar for chart annotations.

Order Management System

MT5 supports six order types: market, Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, and Sell Stop Limit. Input stop loss and take profit levels to automate risk control. The platform displays margin requirements and potential profit/loss live during order entry. Rapid execution is possible with one-click trading functionality.

Customizable Interface

Traders can personalize chart layouts, save templates, and set alerts. Multi-monitor support allows simultaneous viewing of several charts and instruments. The platform supports automated trading via Expert Advisors (EAs) using MQL5 programming language.

Available Trading Instruments

Scope Markets offers both forex and CFD trading services to South African clients. Our forex range includes over 60 currency pairs with spreads starting at 0.0 pips on Elite accounts. CFDs cover global indices, commodities, and individual stocks.

Indices include the FTSE/JSE All Share Index, S&P 500, FTSE 100, and DAX 30. Commodity CFDs feature gold, silver, platinum, palladium, crude oil, and natural gas. Stock CFDs include shares from major exchanges such as JSE-listed Naspers, Shoprite, and MTN Group.

Leverage limits comply with FSCA rules: forex up to 1:500, indices 1:100, and stocks 1:20. Real-time quotes and Level II market depth are available on premium accounts.

Risk Management Tools

Position Sizing Calculator

Use our built-in position sizing calculator accessible via MT5 “Tools” or the client portal’s web calculator. Input your account currency, balance, risk per trade percentage, and stop loss in pips. The tool calculates maximum lot size and monetary risk, helping maintain consistent risk management.

Margin Requirements

Margin is computed per instrument; major forex pairs require 0.2% margin (1:500 leverage), exotics up to 2% (1:50 leverage). Before order placement, the platform shows required margin. Margin calls occur at 50% margin level with alerts sent via email and platform notifications. Stop-out triggers at 10%, automatically closing losing positions to protect the account.

Stop Loss and Take Profit

Every trade can have stop loss and take profit levels set to manage risk and lock in profits. These orders automatically close positions once price targets are hit, reducing emotional decision-making.

Educational Resources and Support

Video Tutorials

Our video library covers platform navigation, technical analysis, and trading psychology geared toward South African traders. All materials use local market examples and are available in English.

Weekly Webinars

Attend live sessions focusing on JSE-listed securities, ZAR pairs, and regional market insights. Webinars can be joined via the client portal and recorded versions are accessible anytime.

Customer Support

Our support team operates during South African working hours (08:00-17:00 SAST) and offers multilingual assistance. Contact options include live chat, email, and local phone lines for prompt responses.

Economic Calendar

Integrated economic calendars highlight upcoming events affecting your trades. Filter by currency or impact level and receive push notifications for high-impact news during your trading sessions.