Offshore FX broker Scope Markets becomes West Ham United sleeve sponsor
Belize based retail FX broker Scope Markets has taken a further step forward in its promotional activities, upgrading its sponsorship of UK Premier League club West Ham United from being their official online trading sponsor, to becoming a “Sleeve Sponsor”.
After being idled for several months due to the Covid-19 crisis, the Premier League resumed play this past weekend.
What this sponsorship highlights to us is the growing phenomenon of offshore FX brokers in jurisdictions such as Belize, BVI, Vanuatu, and Mauritius “going after” high value clients in the UK and Europe. Brokers like Scope Markets can offer much higher leverage to clients than their UK/EU licensed competitors, which are limited to offering 30x leverage and only for major currency pairs. (Scope Markets advertises up to 500x leverage).
While registered and licensed in Belize, Scope Markets is managed mainly from Europe, with CEO Jacob Plattner based in Cyprus alongside some of the company’s key other managers, including the group’s compliance officer. Chief Commercial Officer Daniel Lawrance is based in London.
West Ham United announced that the new logo will appear alongside the tributes to the NHS and the Black Lives Matter movement, which have been added to all clubs’ shirts for the remaining Premier League games, with the NHS logo appearing on the front, and Black Lives Matter replacing the Premier League logo on the right sleeve.
After joining the West Ham family in September 2018, and then agreeing an extension to the partnership in September 2019, Scope Markets will now hold the sleeve sponsorship too.
Since partnering with the Hammers, Scope Markets have put on a number of fan experiences, including hosting a group of supporters with accessibility needs at London Stadium for a VIP day.
Karim Virani, Chief Commercial Officer at West Ham United said:
“I am delighted that we are able to announce the expansion of our relationship with Scope Markets, as our new Sleeve Partner. Scope Markets are a Global forward-thinking organisation and with their core values of service and innovation mirroring our own, to be able to now call Scope Markets our sleeve partner is a very proud moment for all of us at West Ham United. We absolutely appreciate the continued support and commitment from Scope Markets to our football club and I’m also extremely excited about the plans we are jointly working on to delight our fans too.”
Jacob Plattner, CEO of Scope Markets said:
“The Scope Markets team and I are extremely excited about our new partnership with West Ham. We have had an amazing partnership since we signed our first deal with the team in 2018. Becoming the sleeve sponsor shows our increased commitment to the team and what we look to achieve with our new partnership.
West Ham has always shown that they believe in the same goals and visions we have as a group such as teamwork, fair play, helping the community and at the same time trying to win at the highest level! I would like to thank my team at Scope for helping make this possible and the team at West Ham for all they have done. COYI!”