OTSO Markets vs Scope Markets
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, OTSO Markets currently holds a stronger overall rating (5) than Scope Markets (4.8).
OTSO Markets has a higher minimum deposit than Scope Markets, at 20.0.
Both platforms offer their clients bonuses, demo accounts.
Traders should note that
both companies offer the same minimum lot size 0.01, but OTSO Markets has a maximum lot size of 50.0, while Scope Markets offers 500.0.
Each broker offers an equal maximum leverage of 1:1000.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 20.0 | 10.0 |
| Commission | - | 7.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 50.0 | 500.0 |
| Spread | Variable | Variable |
| Broker type | ECN | STP, ECN |
| Maximal leverage (1:?) | 1000 | 1000 |
| Availability | ECN | STP, ECN |
| Regulation | FSCA (South Africa) | FSA (Seychelles), CySEC (Cyprus), FSC (Belize), FSCA (South Africa), FSC (Mauritius), CMA (Kenya) |
| Trading Platforms | MetaTrader 4 (MT4) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Funding/Withdrawal methods | Wire Transfer, Crypto | Wire Transfer, Credit Card |
| Account Currency | USD, THB, VND, USDT | USD |
| Languages | English, Chinese, Indonesian, Thai, Vietnamese | English, Spanish, Mandarin, Arabic, Vietnamese |
| Country | South Africa | Belize |
| Trading platform(s) timezone | South Africa | Cyprus, Kenya, Seychelles, South Africa |
| Other trading instruments | - | - |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
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