Mahmoud Awad Named Head of Business Development, MENA at Scope Markets
Scope Markets has appointed Mahmoud Awad as Head of Business Development for the Middle East and North Africa. Here is what the role covers and what it means for traders and partners in the region.
Mahmoud Awad Named Head of Business Development, MENA at Scope Markets: the key facts, what changed and what it means for traders – updated November 2026.
Scope Markets has named Mahmoud Awad as its new Head of Business Development for the Middle East and North Africa (MENA) region. Awad has started in the role, where he will lead business development for Scope Markets across the region. The appointment is his latest career move, and it signals the broker's continued focus on the MENA market.
Mahmoud Awad Named: What the Head of Business Development Role Covers
A business development lead is responsible for growth: identifying new opportunities, building relationships with partners and developing the commercial strategy that brings new clients and partners into the business. In a regional role, that work also means understanding how local market conditions, customer needs and partner expectations differ from one country to the next.
For Scope Markets, the mandate covers the full MENA region. The company describes its partner offering as one that combines expertise, technology infrastructure and capability to deliver flexible, bespoke partnership arrangements and customer-centric solutions from a single venue. Those are the areas where a regional business development head typically has the most influence.
The company has not published a detailed list of the specific targets, markets or products that will fall under Awad's remit, so the scope described here reflects the announced responsibility for business development across MENA rather than a full breakdown of his plans.
Scope Markets at a Glance
The Scope Markets brand was founded in 2014 and is used by Rostro Group. According to the company, it serves a global customer base from over 200 countries. The brand is part of a diversified, multi-asset financial services group that is licensed in multiple jurisdictions and offers trading and investment services.
Customers can access more than 40,000 instruments through a range of platforms, including MT4, MT5, CQG, IRESS and Bloomberg. The company states that these services are offered to customers globally across its different entities.
Regulation in Kenya
SCFM Limited, trading as Scope Markets Kenya, is described as a Non-Dealing Online Foreign Exchange Broker and Derivatives Broker regulated by the Capital Markets Authority, Kenya. In general terms, a non-dealing model means client orders are passed on to the market rather than being filled by the broker acting as the counterparty. Traders should confirm how their specific account is structured, as this can vary by entity and account type.
How This Matters for Traders in the Region
An appointment like this one is mostly an internal business decision, but it can affect traders and partners in practical ways. A regional business development lead usually shapes which partnerships, account offerings and support channels a broker prioritises in its target markets. For traders, the more useful question is not who runs business development, but whether the broker and the specific entity serving them meet their needs.
Before opening an account with any broker serving the MENA region, it helps to work through a short checklist:
- Confirm the legal entity. Check which company you would actually contract with. Group brands often operate through several entities with different regulators and terms.
- Check the regulator's register. Look up the entity on the official register of the regulator named in its disclosures and confirm the licence status.
- Review the account terms. Read the client agreement, including how orders are executed, how margin is handled and what fees apply.
- Test the platform. Use a demo account to check that the platform, charts and order types match your strategy.
- Compare costs and execution in practice. Spreads, commissions and slippage vary with market conditions, so compare them over the sessions you actually trade.
Scope Markets Compared With Other Brokers
The table below sets out the main factors traders in the region typically compare, alongside what Scope Markets states about itself. The company's statements are claims made by the broker and should be checked against your own testing and the official disclosures for your entity.
| Factor | What to look for | What Scope Markets states |
|---|---|---|
| Regulation | A licence from a recognised regulator for the entity you use | Scope Markets Kenya (SCFM Limited) is regulated by the Capital Markets Authority, Kenya; the group is licensed in multiple jurisdictions |
| Platforms | Platforms that suit your strategy and device needs | MT4, MT5, CQG, IRESS and Bloomberg |
| Instruments | Enough markets for your strategy, with clear contract specifications | Access to over 40,000 instruments |
| Execution and pricing | Verifiable spreads, slippage and fees across your trading hours | Describes fast execution, minimum slippage and tight spreads |
| Customer reach | Service and onboarding available in your country | Serves a global customer base from over 200 countries |
If you are comparing Scope Markets with other brokers, our existing reviews cover how different firms approach regulation, platforms and costs. For example, you can read our XM Group review or our PU Prime review to see how we assess similar factors.
Looking Ahead for Scope Markets in MENA
With Awad now in post, the coming months will show how Scope Markets develops its presence in the region. Traders and partners should watch for changes in the products offered, the partnership structures on offer and the support available locally. Any such changes should be checked against the current terms and regulatory disclosures for the entity you would use.
Trading leveraged products such as forex and CFDs carries a high risk of losing money quickly. Make sure you understand how these products work and only trade with funds you can afford to lose.
About Scope Markets
Scope Markets is the brand used by Rostro Group, a diversified, multi-asset financial services group. The brand was founded in 2014 and offers trading and investment services to customers in over 200 countries, with access to more than 40,000 instruments through platforms including MT4, MT5, CQG, IRESS and Bloomberg. SCFM Limited, trading as Scope Markets Kenya, is regulated by the Capital Markets Authority, Kenya.
Further reading: Leverage in finance (Wikipedia).
We will keep this Mahmoud Awad Named report updated as new information comes in.
