Scope Markets is back in China to provide multi-asset class trading brokerage
“Returning to the Chinese market is an exciting step for our Scope Markets brand. We had built a loyal following in the country so look forward to rekindling many of those strong relationships, as well as working with new clients, too.”
Scope Markets has announced that it will return to the Chinese market following the completion of the company’s acquisition by Rostro Group at the start of the year.
The multi asset class brokerage firm had previously operated in the country, before withdrawing at the end of 2021 following an evolving regulatory stance and broader economic headwinds which were impacting demand.
“Scope is a well-respected brand in China”
Michael Ayres, CEO of Rostro Group, commented: “Returning to the Chinese market is an exciting step for our Scope Markets brand. We had built a loyal following in the country so look forward to rekindling many of those strong relationships, as well as working with new clients, too. My new management team have a wealth of experience when it comes to operating in jurisdictions across the globe – it’s great to be back.”
Pavel Spirin, CEO of Scope Markets, said: “Scope is a well-respected brand in China thanks to our global reach, high quality of customer service and strong relationship with regulators at the highest level. We are confident that our return to the Chinese market will be well received by the local trading community.”
Iain De Havilland to lead Scope Markets’ operation in China, Taiwan, and Hong Kong
Scope Markets will be offering Chinese investors access to a range of instruments including indices, commodities, and currencies available on MT4 or MT5 platforms as well as Scope Markets’ own proprietary web trading service and app.
Support is available 24/5 from a team of highly experienced Chinese staff led by Iain De Havilland, who has been appointed as Scope Markets Managing Partner – Asia. Iain will oversee operations for the business in China, Taiwan, and Hong Kong, as well as the wider Asia region.
Scope Markets, which is domiciled in Belize and regulated by the International Financial Services Commission (IFSC), was controlled by UAE-based entrepreneur Serkan Ismailoglu. The broker also operates regulated entities in Africa, Cyprus, and Mauritius.
Rostro Group bought the retail broker in an all-cash deal. The deal plays into a long-term vision for Rostro, which operates multi-regulated brokerage houses that provide execution, and clearing of both listed securities as well as OTC derivatives. In addition, the group offers banking, alternative finance, and digital asset storage with both on and off ramp solutions.
