Score Capital Markets (ScoreCM)
Offshore Regulated - Moderate Risk (Dominica & Mwali Licensed)Pros
- Competitive spreads starting from 0.1 pips on Elite accounts and 1.0 pips on Standard accounts with clear pricing structure
- Low minimum deposit requirement of just $10 for Standard accounts making it accessible to new traders
- High leverage options up to 1:1000 on Standard accounts, suitable for experienced traders seeking greater exposure
- Multiple payment methods supported including credit cards, bank transfers, cryptocurrencies and e-wallets
- Fast execution speeds on MetaTrader 5 platform with advanced trading capabilities
- Negative balance protection offered to protect traders from losing more than their deposit
- 24/5 multilingual customer support with generally positive response times
Cons
- Offshore regulation in Dominica and Mwali provides limited investor protection compared to major regulatory jurisdictions
- Limited platform choice with only MetaTrader 5 available - no MT4 option for traders who prefer it
- Commission charges of $3.5 per lot per side on Pro and Elite accounts can add up for frequent traders
- Spread markup on Standard accounts is relatively high compared to industry averages
- Limited transparency about liquidity providers and execution model
- Newly established broker with short track record and limited operational history
Basic Information
User Reviews
Regulation Analysis
ScoreCM operates under offshore regulation, being licensed in the Commonwealth of Dominica as a Margin and Spot FX derivatives and CFD Dealer (Registration Number 2024/C0075) and holding additional licensing in Mwali. While these licenses provide basic operational framework, they offer significantly less stringent oversight compared to major regulatory jurisdictions like the FCA, ASIC, or CySEC. The Dominica regulatory framework does not impose strict capital requirements or mandate participation in investor compensation schemes. Client fund segregation is claimed by the broker, though the specific banks and segregation mechanisms are not publicly disclosed. The broker implements some voluntary consumer protection measures including negative balance protection and maintains transparent fee structures. However, traders should be aware that offshore regulation provides limited recourse in case of disputes and lacks the robust investor protection mechanisms found in major jurisdictions. There are no known regulatory warnings or enforcement actions against ScoreCM, though this may be partly due to its recent establishment in 2024. The broker’s regulatory status places it in the moderate-risk category from a regulatory perspective.
Trading Products
- Forex Trading: Wide selection of currency pairs with major, minor and exotic options available. Major pairs include EUR/USD, GBP/USD, and USD/JPY with competitive spreads starting from 0.1 pips on Elite accounts
- Indices Trading: Access to major global indices including US100, UK100, and other significant market benchmarks
- Commodities: Trading available on precious metals (XAUUSD, XAGUSD), energies (UKOIL, USOIL), with specific contract specifications and competitive spreads
- Stock CFDs: Selection of major international stocks available for trading as CFDs
- Leverage Options: Up to 1:1000 on Standard accounts, 1:500 on Pro accounts, and 1:100 on Elite accounts
- Trading Hours: Standard market hours for respective instruments with 24/5 forex trading availability
Trading Platforms
ScoreCM exclusively offers the MetaTrader 5 (MT5) trading platform, providing traders with a comprehensive suite of trading tools and capabilities. The platform features advanced charting with multiple timeframes, over 80 built-in technical indicators, algorithmic trading capabilities through Expert Advisors (EAs), and customizable interface options. MT5 is available in multiple formats including desktop version for Windows, WebTrader for browser-based trading, and mobile applications for both iOS and Android devices. The platform provides real-time quotes, one-click trading functionality, and multiple order types including market, limit, and stop orders. Traders can access detailed market depth information, economic calendar integration, and comprehensive technical analysis tools. The mobile applications offer full trading functionality including chart analysis, position management, and account monitoring. While the limitation to MT5 only may disappoint traders preferring MT4, the platform provides all necessary tools for both novice and experienced traders.
Deposit and Withdrawal
- Credit/Debit Cards: Visa and Mastercard accepted with instant processing and no deposit fees from the broker
- Bank Transfers: SWIFT and SEPA transfers supported with standard processing times
- E-wallets: Multiple options including PayDo, Sticpay, and other electronic payment solutions
- Cryptocurrencies: Digital asset deposits accepted for flexible funding options
- Minimum Deposits: Standard Account – $10, Pro Account – $100, Elite Account – $1,000
- Withdrawal Processing: Standard processing times vary by payment method, with e-wallets typically being fastest
- Verification Requirements: Standard KYC documentation required including proof of identity and address
- Currency Options: Multiple base currencies supported for account funding
Customer Support
ScoreCM provides 24/5 customer support through multiple channels including live chat, email, and telephone. Support services are available during standard market hours from Monday to Friday. The primary contact email is info@scorecm.com, and phone support is available via their UK number. Based on customer reviews, response times are generally prompt, particularly for live chat queries which are typically answered within a few minutes. Support staff demonstrate good knowledge of trading conditions and technical platform features. The broker offers support in multiple languages, though specific language options are not publicly detailed. While support quality is generally rated positively by users, some reviews note longer response times during peak trading hours. The broker maintains a knowledge base with trading guides and FAQs, though the depth of educational content is still developing given the company’s recent establishment.
FAQ
Q: Is ScoreCM a regulated broker?
A: ScoreCM is regulated in the Commonwealth of Dominica under license number 2024/C0075 and holds additional licensing in Mwali. While these are offshore regulations providing basic operational framework, they offer less stringent oversight compared to major regulatory jurisdictions. The broker implements voluntary protection measures including negative balance protection and segregated client funds.
Q: What are the account types and minimum deposits?
A: ScoreCM offers three account types: Standard Account with $10 minimum deposit and spreads from 1.0 pips, Pro Account requiring $100 minimum deposit with spreads from 0.2 pips plus $3.5 commission per lot per side, and Elite Account with $1,000 minimum deposit featuring spreads from 0.1 pips plus commission.
Q: What trading platform is available?
A: ScoreCM exclusively offers the MetaTrader 5 (MT5) platform across desktop, web, and mobile versions. The platform provides advanced charting, multiple technical indicators, algorithmic trading capabilities, and real-time market analysis tools.
Q: What are the withdrawal options and processing times?
A: The broker supports multiple withdrawal methods including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies. Processing times vary by method, with e-wallets typically being fastest. All withdrawals require account verification through standard KYC procedures.