Complete review of Scope Markets - Kenya's emerging CMA-regulated broker. Discover this growing local option for Kenyan forex traders.
Official website information pending
Scope Markets (SCFM Limited) is a newer CMA-licensed broker in Kenya. While they hold valid regulation, they have limited operational history and online presence. Kenyan traders should exercise caution and consider more established alternatives for significant investments.
Scope Markets, operated by SCFM Limited, is one of the newer entrants to the Kenya forex market. The company obtained its CMA license to provide online forex trading services to Kenyan traders, positioning itself as a local alternative to international brokers.
As an emerging broker, Scope Markets aims to provide competitive trading conditions while maintaining compliance with Kenya's regulatory requirements. However, their limited operational history means there's less public information available about their services compared to established brokers.
The broker focuses on providing MetaTrader platforms and standard forex trading services, though their full service offering and competitive positioning in the market are still developing.
License Number: 123
SCFM Limited (trading as Scope Markets) is licensed by the Capital Markets Authority of Kenya, ensuring compliance with local regulations and investor protection standards.
As a newer broker, there's limited operational history to assess reliability
Limited resources compared to established international brokers
Less public information available about services and conditions
Traders should research thoroughly and start with small amounts if choosing this broker.
Standard forex platform
Multi-asset platform
Browser-based trading
| Feature | Scope Markets | Pepperstone | FXPesa |
|---|---|---|---|
| CMA Licensed | ✅ Yes (123) | ✅ Yes (128) | ✅ Yes (107) |
| Track Record | ⚠️ Limited | ✅ Established | ✅ Growing |
| Client Base | 📊 Small | 📊 Large | 📊 Medium |
| Online Presence | ❌ Limited | ✅ Strong | ✅ Good |
| Education | ❓ Unknown | ✅ Excellent | ✅ Good |
| Technology | MT4/MT5 | MT4/MT5/cTrader | Proprietary |
Key Insight: While Scope Markets holds valid CMA regulation, the lack of established track record and limited public information makes it a higher-risk choice compared to proven alternatives like Pepperstone or FXPesa.
Valid local regulation provides legal framework
Nairobi-based operations may offer local support
Offers familiar MetaTrader platforms
May improve services as they establish themselves
No proven history of reliable service
Insufficient public information about services
Smaller scale may limit service quality
Spreads, execution quality, and costs unclear
Lack of user feedback and testimonials
Begin with minimum deposits to test their services
Confirm all trading conditions and terms before trading
Watch execution quality and customer service carefully
Keep accounts with established brokers as alternatives
CMA licensed with proven global track record
100% Kenyan broker with M-Pesa integration
International broker with tight spreads
Scope Markets represents a risk that most Kenyan traders should avoid. While they hold valid CMA regulation, the complete lack of operational track record, limited public information, and absence of client feedback makes them unsuitable for serious trading.
For Kenyan traders, established alternatives like Pepperstone (CMA regulated with global expertise) or FXPesa (local with proven M-Pesa integration) offer much better risk-reward profiles. The forex market requires reliable execution and customer support - areas where Scope Markets remains unproven.
Any serious trading activity
Very small test accounts only
Choose established CMA brokers
Scope Markets is an unproven broker with limited operational history. While they hold CMA regulation, the lack of public information, client reviews, and track record presents significant risks. Kenyan traders are strongly advised to choose established alternatives with proven reliability. Always conduct thorough due diligence before investing with any broker, especially newer entities.