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June 29, 2023 -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. Scope Markets 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.
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.”
Scope Markets will be offering Chinese investors access to a range of instruments including indices, commodities and currencies, with support available 24/5 from a team of highly experienced Chinese staff. Clients can use either the popular MT4 or MT5 platforms to trade, or Scope Markets own proprietary web trading service and app.
Pavel Spirin, CEO of Scope Markets, added, “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 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.
