SPACE

According to WikiFX assessment, SPACE (Space World Capital Ltd) has an overall score of 1.36 out of 10, indicating a high-risk profile. The broker is not regulated by any authoritative financial regulator, which raises significant concerns about fund safety and operational transparency. Traders should exercise extreme caution.

No, SPACE is not regulated. The broker holds no valid forex trading licenses from any recognized regulatory authority such as the FCA, ASIC, or CySEC. Its registration in Comoros does not provide credible oversight.

The minimum deposit varies by account type. For the BRONZE and ECN accounts, the minimum deposit is $5,000. For the SILVER, GOLD, DIAMOND, and WHITE GOLD accounts, the minimum deposit is $100. Thus, the lowest deposit required is $100.

Based on user reports and complaint records, SPACE offers MT5 trading accounts. There is no explicit confirmation of MT4 support in the available information.

Pro: Offers a wide range of account types (BRONZE, SILVER, GOLD, DIAMOND, WHITE GOLD, ECN) with flexible trading conditions including support for EA trading, scalping, and Islamic accounts. Cons: 1. Lacks any valid regulatory license, creating a high-risk trading environment. 2. The WikiFX score is a low 1.36, reflecting poor regulatory and risk control indices. 3. There are user complaints about forced liquidation and withdrawal delays, with one user reporting a loss of approximately $70,000.

Yes, WikiFX has recorded at least one user complaint. A user reported experiencing forced liquidation of a gold short position at an unfavorable price and a withdrawal request that was not processed, claiming a total loss of around $70,000. This raises serious concerns about the broker's handling of client funds.

SPACE is not regulated by US authorities such as the SEC or CFTC, and its registration in Comoros suggests it does not target the US market. While specific availability is not explicitly stated, US residents are unlikely to be able to trade with this broker due to regulatory restrictions.

SPACE offers variable spreads depending on the account type. The BRONZE account has spreads from 0.6 pips, SILVER from 1 pip, GOLD from 1.5 pips, DIAMOND from 2 pips, and WHITE GOLD from 2.5 pips. The ECN account spread is not listed but likely uses a commission-based model. Overall, spreads are competitive for lower-tier accounts but higher for premium ones. There is no indication of additional hidden fees, but traders should verify the commission structure for ECN accounts.

SPACE offers six account types: BRONZE, SILVER, GOLD, DIAMOND, WHITE GOLD, and ECN. Differences include minimum deposit ($5,000 for BRONZE and ECN; $100 for others), spread ranges (0.6 pips for BRONZE up to 2.5 pips for WHITE GOLD), and leverage (all up to 1:500). All accounts support EA trading, scalping, and Islamic accounts. The ECN account likely provides direct market access with a commission-based fee structure.

SPACE offers maximum leverage of 1:500 across all account types. While high leverage can amplify profits, it also significantly increases risk, especially when combined with the lack of regulatory oversight. The broker does not provide negative balance protection, and the reported forced liquidation incident indicates that positions can be closed at unfavorable prices, adding to the risk.

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

Common forex regulatory authorities include the Financial Conduct Authority (FCA) in the United Kingdom, the Australian Securities and Investments Commission (ASIC), the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in the United States, the Cyprus Securities and Exchange Commission (CySEC), and the Monetary Authority of Singapore (MAS). These regulatory authorities usually maintain relatively high regulatory standards, and brokers regulated by them generally have higher compliance levels. You can check broker ranking lists under different regulators on the WikiFX platform, such as brokers regulated by FCA, ASIC, and CySEC, so as to compare brokers under different regulatory backgrounds more clearly and make safer choices.