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SpaceMarket

Regulated
Cape Verde
,
Since 2020
Last Updated:
47/100
Overall Score

Trading Conditions

Min Deposit:
USD250
Max Leverage:
300
Account Types
StandardProZero+4 more

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

5 methods

Bank Transfer

bank transfer
days
Fee:
Free
Fee:
Free

Visa

credit card
Instant
Fee:
Free
Fee:
Free

Mastercard

credit card
Instant
Fee:
Free
Fee:
Free

Crypto

crypto
hours
Fee:
Free
Fee:
Free

E-wallet

e wallet
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 16%, 2: License 57%, 3: Software 50%, 4: Spread 0%, 5: Account Type 62%, 6: Symbol 0%
Regulation
16%Poor
License
57%Fair
Software
50%Fair
Spread
0%Poor
Account Type
62%Fair
Symbol
0%Poor

Company Information

Full Name:SpaceMarket
Founded:2020
Headquarters:Cape Verde
Enterprise Offices:1offices

Customer Support

Phone:
+27 010 035 5120
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

Introduction

The company claims to be a trading broker with the aim of offering access to financial markets. Although the main source of details regarding the broker can be regarded as the main company website https://spacemarket.pro, it should be noted that it contains limited details.

Background and History

The official website of the company, SpaceMarket, does not feature any information regarding the company’s founding, founders, and headquarters. The absence of this information makes it difficult to identify the historical developments associated with this financial market broker. As a rule, this kind of information enables users to determine the company’s level of expertise in the financial market sector.

Lack of historical data makes it rather challenging to provide information on SpaceMarket’s establishment. To get all the facts, prospective clients are advised to request more information on this matter from the broker.

KEY FEATURES AND OFFERINGS

From the official space of SpaceMarket’s platform, it appears that users are provided with access to a variety of financial instruments, such as forex, commodities, indexes, and cryptocurrencies. Nevertheless, there is no detailed information provided on the space of the markets and/or products that can be traded through the broker’s service.

In addition, the website fails to provide a clear description of the different types of accounts, trading platforms, and other special features such as educational materials, market analysis tools, or customer support offerings. Such information is essential for traders to decide whether a given broker is suitable for their trading behavior or style.

Regulatory

The presence of regulatory supervision is one way to determine the trustworthiness and security that one should expect from their trading broker. The regrettable thing about SpaceMarket’s website is that one cannot verify the information relating to the regulatory licenses, registration numbers, among other jurisdictions that the company operates in.

Without proper disclosures, it is unsafe for traders to invest due to the enforcement of guidelines by various regulation authorities to safeguard their customers’ money. The lack of disclosure of this kind on the official page of the project is an aspect to be taken seriously by anyone assessing SpaceMarket.

Regulator License

No info available – No licenses confirmed on the official site

Trading Conditions and Platform Technology

Information regarding the terms of trading, including spreads, leverage, minimum deposits, and the trading platform used, must be known by the trader to comprehend the trading involved when dealing with the brokerage. The official website of SpaceMarket does not contain credible information regarding the aforesaid factors.

Lack of clear specifications makes it hard to determine how competitive SpaceMarket's trading environment is and how technologically sound its trading platforms are. Traders generally want all information regarding execution speed, types of platforms (MetaTrader, propriety platforms, etc.), as well as types of order execution.

Trading Condition Details

Spreads No

Leverage Not

Minimum Deposit Not disclosed

Trading Platforms Not disclosed

Fee Structure

================

A clear fee schedule helps traders to make proper assessments about the cost involved in their trading activities. The cost involved includes deposit withdrawal fees, commissions, and other costs that are charged. The official website does not shed much light on the costs involved in SpaceMarket.

In the absence of this data, traders would be unable to calculate the costs associated with potential fees or make a comparison with the fees associated with SpaceMarket or with other brokers for that matter.

Fee Type Details

Fund Deposits Fees Not

Withdrawal Fees Not disclosed

Commission Not disclosed

User Experience & Market Reputation

User experience encompasses different

User experience/end market reputation is assessed by evaluating client testimonials, third-party reviews, as well as recognition in the industry. Given the lack of data on the space market’s official website, any attempt to evaluate client testimonials or third-party ratings is not possible.

Although there are mentions of SpaceMarket on other third-party sites, these references are outside the parameters of a strict reliance on the officially endorsed site as required by this article. Thus, possible investors are well cautioned to seek further confirmation regarding this broker.

Recent Developments

Staying up to date with recent developments such as new products, updates in regulations, or advances in technology is significant to traders. The official website of SpaceMarket does not have any news updates about recent developments or upcoming plans.

This lack of up-to-date information makes it difficult to analyze the broker’s responsiveness to market trends and innovation.

Conclusion

SpaceMarket is claimed to be a trade broker offering potential access to various financial markets. It should be noted that the official website https://spacemarket.pro does not provide much publicly verifiable information about the BX profile, terms of trade, commission charges, and user experience.

For those traders looking to use SpaceMarket, it is a serious drawback to consider that there is a lack of transparency involved. It is recommended that traders attempt to contact the broker directly to clear up any questions they may still have, as well as acquire any necessary documentation that can be verified. Transparency and compliance are important principles that help create a secure trading environment in finance.

Regulatory Licenses

Compliance & oversight

1 license
South Africa
FSCATier 2
South Africa#53183
License Details
Type:Financial Service
License #:53183
Status:Regulated
Validity
Effective:N/A
Expires:N/A
0
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

7 types
Standard
Standard
Min Deposit ZAR 50 • Leverage 1:2000 • Commission No commission
Min DepositZAR 50
Leverage1:2000
CommissionNo commission
Pro
VIP
Min Deposit ZAR 50 • Leverage 1:500 • Commission $7 commission
Min DepositZAR 50
Leverage1:500
Commission$7 commission
Zero
ECN
Min Deposit ZAR 50 • Leverage 1:1000 • Commission No commission
Min DepositZAR 50
Leverage1:1000
CommissionNo commission
Nano
Cent
Min Deposit ZAR 50 • Leverage 1:500 • Commission No commission
Min DepositZAR 50
Leverage1:500
CommissionNo commission
Standard
Standard
Min Deposit ZAR 50 • Leverage 1:500 • Commission No commission
Min DepositZAR 50
Leverage1:500
CommissionNo commission
Islamic
Swap-Free
Min Deposit ZAR 50 • Leverage 1:500 • Commission $10 commission
Min DepositZAR 50
Leverage1:500
Commission$10 commission
Standard
Standard
Min Deposit ZAR 50 • Leverage 1:10000 • Commission No commission
Min DepositZAR 50
Leverage1:10000
CommissionNo commission
7
Total Types
5
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

5 methods
Bank Transfer
Bank Transferdays
Deposit
Fee:Free
Min:USD 250
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Minimum deposit of $250 stated by WikiFX summary for SpaceMarket (spacemarket.pro). Exact fees and max amounts not stated by sources.
Visa
Credit CardInstant
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Exact deposit/withdrawal fees and limits not published; data from third-party aggregators and incomplete official pages.
Mastercard
Credit CardInstant
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
Exact deposit/withdrawal fees and limits not published; data from third-party aggregators and incomplete official pages.
Crypto
Cryptocurrencyhours
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:N/A
Max:N/A
No exact fees, limits or processing times published; information from third-party sources and incomplete official data.
5
Free Deposit
5
Instant
1
Crypto

Trading Platforms

Professional trading tools

1 Available
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with SpaceMarket: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark SpaceMarket at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for SpaceMarket

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

0 sites

No Website Information

Website domains not available for this broker yet.

Social Presence

Digital community engagement

0 platform

No Social Media Presence

This broker doesn't have active social media accounts

Corporate Network

Enterprise structure & relationships

1 entities

SPACEMARKET PTY LTD

Australia
active

Registration

N/A

Established

N/A

Comments

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