Skip to main content
Side-by-Side Comparison Independent Updated Oct 25, 2026

Scope Markets vs Phemex 2026: Which Broker is Better?

Compare Scope Markets and Phemex side by side on fees, regulation, platforms and our expert ratings. Find out which broker suits your needs.

Scope Markets

Phemex

Scope MarketsPhemex
BrokerRank Score3.0/53.1/5 ✓
Min. Deposit$10$0 ✓
Spread from0.6 pips0 pips ✓
Max Leverage1:500 ✓1:100
RegulationCMA, FSC ✓—
PlatformsMT4, MT5Proprietary Web, Proprietary Mobile
Quick VerdictBrokerRank recommends
Best for Beginners
PhemexScope Markets
Best for Low Fees
PhemexScope Markets
Best for Regulation
Scope MarketsPhemex
Quick Answer

Scope Markets (3.0/5) and Phemex (3.1/5) are closely matched. Phemex has lower spreads; the better pick depends on your priorities.

See full side-by-side comparison below

Scope Markets vs Phemex: Key Differences

Feature

Scope Markets

Phemex

Winner
Our Rating
3.0 / 5
3.1 / 5
Min. Deposit
$10
$0
Max Leverage
Spread From
0.6 pips
0 pips
Commission
None
$0.01/lot
Regulated By
CMAFSC
—
Platforms
MT4, MT5
Proprietary Web, Proprietary Mobile
Markets
Forex, Cfd, Indices, Commodities, Crypto
Crypto
Founded
2015
2019
Headquarters
Nairobi, Kenya
Singapore
Score
1 / 3
2 / 3

Fees Comparison

Fee

Scope Markets

Phemex

Spread From
0.6 pips
0 pips
Commission
None
$0.01/lot
Deposit Fee
None
None
Withdrawal Fee
None
None

BrokerRank Verdict

Scope Markets scores 3.04/5 while Phemex scores 3.07/5 in our independent rating.

Phemex edges ahead overall, but Scope Markets may suit traders who prioritise different features. Read our full reviews for a detailed breakdown. Scores are based on our transparent methodology.

Who Should Choose Which?

Scope Markets

Scope Markets

3.0/5

Choose Scope Markets if you want…

  • No per-trade commission
  • Higher leverage (up to 1:500)
  • More regulatory licences (2)
  • More market types (5)
Phemex

Phemex

3.1/5

Top pick

Choose Phemex if you want…

  • Tighter spreads (from 0 pips)
  • No minimum deposit

Also consider

View all rankings

We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.

#1ForTrade logo
ForTrade
4.3
FCA
Visit
#2FxPro logo
FxPro
4.1
FCA
Visit
#4AvaTrade logo
AvaTrade
4.0
MAS
Visit
#5Plus500 logo
Plus500
4.0
MAS
Visit

80% of retail CFD accounts lose money.

Both Scope Markets & Phemex are available in

Frequently Asked Questions

1

Is Scope Markets better than Phemex?

Scope Markets (3.0/5) and Phemex (3.1/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.

2

Which has lower fees, Scope Markets or Phemex?

Scope Markets offers spreads from 0.6 pips, while Phemex starts at 0 pips. Check the fees section above for a full breakdown.

3

What is the minimum deposit for Scope Markets vs Phemex?

Scope Markets requires a minimum deposit of $10. Phemex requires $0.

4

Which broker is safer, Scope Markets or Phemex?

Scope Markets is regulated by CMA, FSC, while Phemex holds licences from unknown regulators.

5

What trading platforms do Scope Markets and Phemex support?

Scope Markets supports MT4, MT5. Phemex supports Proprietary Web, Proprietary Mobile.

6

Can I use both Scope Markets and Phemex?

Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.

Key Trading Terms

Related Guides

BrokerRank Research

Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.

Compare

Scope Markets

Open Account

Capital at risk · T&Cs apply