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Influence index NO.1
Influence index NO.1
+44 2080 892070
|Regulation||Regulated by FSC|
|Spreads||From 0 pips|
|Trading Platforms||MetaTrader 4 (MT4)|
|Tradable Assets||Forex, Indices, Commodities, Stocks, Cryptocurrencies|
|Account Types||Classic, Pro, Platinum|
|Customer Support||Phone, Email|
|Deposit & Withdrawal||Bank Transfer, Credit/Debit Cards, Skrill|
|Educational Resources||Video tutorials|
SM-Invest, trading as Scope Markets Ltd, is a regulated entity that offers a variety of products along with trading platforms. Established in 1997, the company has been focused on providing traders with swift executions, minimal slippage, and tight spreads. Whether you're an experienced trader or new to forex trading, their user-friendly trading application is designed to offer the best 24/5 services. Scope Markets Ltd is committed to the highest business standards and ethics, adhering to national and international regulatory bodies. They are regulated, registered, and are members of the Financial Services Commission in Belize.
The company offers a range of account types tailored to meet the needs of everyone, from beginners to professional institutional investors. Their trading technology ensures optimal trading environments, and they pride themselves on transparency, excellence, and continuous innovation. Clients can fund their accounts through bank transfers, credit/debit cards, and Skrill. The company's headquarters is located at 6160 Park Avenue, Buttonwood Bay, Lower Flat Office Space Front, Belize City, Belize.
SM-Invest holds a Retail Forex License regulated by the offshore authority in Belize. The license, bearing the number IFSC/60/373/BCA/19, ensures that the company adheres to the standards and regulations set by the Belizean authority. This license type is exclusive to Scope Markets Ltd, indicating a “No Sharing” status, which means the license is not shared with any other entity.
|High Leverage||Limited Trading Products|
|Low Spread||Offshore Regulation|
|Diverse Account Options||Lack of Effective Date for License|
|User-friendly Platform||No Sharing License|
|Regulated Entity||Limited Information on Website|
High Leverage: SM-Invest offers high leverage, allowing traders to control a larger position with a smaller amount of capital. This can amplify potential profits.
Low Spread: The broker provides tight spreads, ensuring that traders can enter and exit positions with minimal cost, which is especially beneficial for frequent traders.
Diverse Account Options: SM-Invest offers a range of account types tailored to meet the needs of different traders, from beginners to professional institutional investors.
User-friendly Platform: Their trading platform is designed to be user-friendly, catering to both novice and experienced traders.
Regulated Entity: Being regulated by the Financial Services Commission in Belize adds a layer of trust and security for its clients.
Limited Trading Products: SM-Invest might not offer a wide range of trading products compared to some other brokers, limiting the options for traders.
Offshore Regulation: Being regulated offshore, in Belize, might not provide the same level of oversight and protection as regulators in major financial centers.
Lack of Effective Date: The absence of a specified effective date for their license can be a concern for some traders.
No Sharing License: The “No Sharing” status of their license means they don't share their license with other entities, which can be seen as a limitation in flexibility for potential partnerships.
Limited Information on Website: The website might not provide comprehensive information on all aspects of their services, requiring potential clients to reach out for detailed information.
SM-Invest offers a diverse range of trading products to cater to the varied needs of its clients. Here are the trading products offered by SM-Invest:
Forex: This refers to the trading of foreign currencies. Forex trading allows investors to speculate on the fluctuations in currency strengths over time.
Indices: Indices trading involves speculating on the price movements of stock market indices, such as the S&P 500 or the Dow Jones.
Commodities: Commodities trading involves trading products like oil, gold, and agricultural products.
Stocks: This refers to the buying and selling of shares in a particular company.
Cryptocurrencies: Cryptocurrency trading involves speculating on the price movements of digital currencies like Bitcoin, Ethereum, and others.
SM-Invest offers a selection of three account types tailored to meet the diverse needs of traders, ranging from beginners to professional investors. The Classic Account is designed for those new to trading, with a minimum deposit of $1,000 and fixed spreads. The Pro Account caters to experienced investors, featuring variable spreads starting from 1.7 pips and a minimum deposit of $10,000. Lastly, the Platinum Account is tailored for professional traders, boasting spreads from 0 pip and a minimum deposit requirement of $20,000. All accounts utilize the MT4 platform and offer a leverage of 1:500.
|Account Type||Minimum Deposit||Spread||Platform||Leverage||Suitability|
|Classic||$1,000||Fixed Spread||MT4||1:500||For Beginners|
|Pro||$10,000||From 1.7 pips||MT4||1:500||For Experienced Investors|
|Platinum||$20,000||From 0 pip||MT4||1:500||For Professional Investors|
Opening an account with SM-Invest is a straightforward process. Initially, prospective traders need to register by providing essential personal details. Post-registration, the verification phase requires the submission of specific documents to confirm identity and residence. Once the verification is successful, traders can deposit funds and commence their trading journey.
Registration: Begin by providing personal details such as name, email address, phone number, and country of residence to create an account.
Document Verification: Submit required documents for identity and address verification. This typically includes a government-issued ID and a recent utility bill or bank statement.
Fund Your Account: Once verified, deposit funds into your trading account using the available payment methods.
Leverage is a crucial feature in forex trading, allowing traders to control a larger position with a smaller amount of capital. SM-Invest offers a competitive maximum leverage of 1:500. However, the exact leverage can vary based on the trading product, and it's essential to understand the associated risks.
Spreads and commissions are pivotal factors for traders when selecting a broker. SM-Invest, an offshore forex broker, offers trading on the renowned MetaTrader4 platform across various account types. However, the exact spread values are both fixed and variable depending on the account. The benchmark EUR/USD spread observed on SM-Invests demo MT4 was around 1.9 pips.
SM-Invest offers the MetaTrader 4 (MT4) platform for desktop trading, which is regarded as one of the most popular trading software globally. The MT4 platform brings cutting-edge technology to your trading and analysis process, accompanied by various supplementary services.
Here are some critical features and functionalities of the MT4 platform offered by SM-Invest:
Real-time Quotations: Provides traders with live price feeds, ensuring they have the most up-to-date market data.
Technical Analysis Tools: Offers over 50 technical analysis tools to help traders make informed decisions.
Algorithmic Trading & MQL4: Allows traders to use Expert Advisors (EAs) and the MQL4 language for automated trading strategies.
Advanced Charting: Provides sophisticated charting tools for a comprehensive market analysis.
Multiple Order Types: Supports three methods of placing orders with eight different types of orders.
News & Event Alerts: Keep traders informed with the latest market news and related event alerts.
SM-Invest ensures a seamless and transparent process for both deposits and withdrawals for its clients. The broker emphasizes the importance of security and efficiency in financial transactions. When clients wish to withdraw funds, they can easily submit a withdrawal request online through their portal. This option becomes available once the account is verified and holds the necessary balance.
SM-Invest processes withdrawals using the same method that was used for depositing funds. The turnaround time for processing these requests is typically 1-2 business days, but for methods like Wire Transfer and Debit/Credit Card, it can take up to 3-5 business days. The minimum amount set for withdrawal is 50 USD/EUR/GBP. While SM-Invest allows one free withdrawal per day and a maximum of five free withdrawals per week, any additional withdrawals within this period are charged a fee of 35 USD/EUR/GBP.
It's also worth noting that the beneficiary of the withdrawal request must match the portal account holder, ensuring no third-party payments are made.
SM-Invest places a high emphasis on customer support, ensuring that clients have access to assistance whenever they need it. Here are the available customer support details for SM-Invest:
Customer Support Details:
Phone: +49 160 90895421
SM-Invest is committed to fostering a knowledgeable trading community by offering a range of educational resources. One of the prominent educational tools they provide is a series of videos. These videos are designed to guide traders through various aspects of trading, from the basics to more advanced topics.
Such resources typically cover areas like market analysis, trading strategies, platform tutorials, and risk management. Video tutorials are an effective way for traders to visually understand complex trading concepts, making them a valuable asset for both novice and experienced traders.
SM-Invest has positioned itself as a notable broker in the trading industry, offering a range of services tailored to meet the diverse needs of traders. With its establishment in Belize and a regulatory license from the FSC, it ensures a level of trustworthiness and security for its clients. The broker provides multiple trading platforms, including the widely recognized MT4, catering to both novice and experienced traders. Their diverse account types, competitive spreads, and leverage options further enhance the trading experience.
Additionally, SM-Invest's commitment to education, as evidenced by their extensive educational resources, underscores their dedication to empowering traders with knowledge.
Overall, SM-Invest presents a comprehensive trading environment, making it a viable option for those looking to venture into the financial markets.
Q: Does SM-Invest offer retirement accounts like IRAs？
A: Yes, SM-Invest offers a variety of tax-advantaged retirement accounts including traditional, Roth, SEP and SIMPLE IRAs.
Q: Can I use a third-party credit or debit card for deposits？
A: No, third-party credit or debit cards are not accepted for deposits.
Q: How do I know if my withdrawal request has been approved？
A: You will receive a notification or confirmation once your withdrawal request is accepted.
Q: Can I transfer funds between my accounts？
A: Yes, you can transfer funds between your different accounts on SM-INVEST.
Q: How do I cancel a withdrawal request？
A: Follow the guidelines provided on the SM-INVEST platform to cancel a withdrawal request.
maximize your profits while minimizing your losses.
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