FXspace

FXspace is a brokerage firm registered in Estonia, though its registered address is in the Marshall Islands (Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MH96960). The company was founded on 13 November 2020. According to records, FXspace offers trading in currencies, shares, indices, and other instruments via its proprietary platform, rather than the industry-standard MetaTrader 4 or 5.

The broker’s official domain, fxspace.eu, appears to be inactive as of the time of this review, with the domain listed for sale. This lack of an operational website limits independent verification of the broker’s current offerings and corporate status.

FXCanary’s records show that FXspace does not hold any recognised financial regulatory licence. The firm is registered in Estonia but does not appear to be authorised by the Estonian Financial Supervision Authority (EFSA) or any other major regulator such as the FCA, CySEC, or ASIC. The registered address in the Marshall Islands, a jurisdiction with minimal financial oversight, further underscores the absence of regulatory supervision.

The lack of regulation significantly elevates the risk for traders, as there is no external oversight of the broker’s operations, client fund segregation, or dispute resolution mechanisms. Traders should exercise extreme caution when considering engagement with unregulated entities.

FXspace offers five account tiers designed to accommodate different deposit sizes. The entry-level Standard account requires a minimum deposit of €250, while the Premium account requires €1,000. The Attractive account starts at €5,000, the VIP account at €20,000, and the top-tier Shark account demands a minimum deposit of €50,000. The maximum leverage for each account type is not specified in the available records.

The varying deposit thresholds suggest a strategy to attract both retail and high-net-worth traders, but the absence of leverage details and regulatory oversight makes it difficult to assess the risk profile of these accounts.

According to the known facts, FXspace provides its own proprietary trading platform rather than popular third-party platforms like MetaTrader 4 or 5. Proprietary platforms can offer a tailored experience but often lack the transparency, reliability, and third-party auditing of established platforms. The broker claims to offer trading in currencies, shares, indices, and other instruments, though specific instrument lists are not available.

The reliance on a proprietary platform, combined with the lack of regulatory oversight, raises questions about execution quality, pricing transparency, and platform stability.

FXspace supports several payment methods for deposits and withdrawals, including PayPal, VISA, and MasterCard. The availability of PayPal is relatively uncommon among forex brokers and may indicate a focus on convenience for retail traders. The broker also provides a phone number (+372 88 01 201) for client support.

However, without an active website or regulatory oversight, the actual reliability and security of these payment processes cannot be independently confirmed. Traders should verify directly with the payment providers if such services are still operational.

Given the range of account tiers, FXspace appears to target both retail traders and high-net-worth individuals. The Standard account’s €250 minimum deposit is accessible to many retail traders, whereas the Shark account at €50,000 is aimed at wealthier clients. The lack of regulation and limited transparency, however, makes the broker unsuitable for risk-averse traders or those who prioritise regulatory protection.

The broker’s overall profile suggests it is designed for traders comfortable with higher risk, possibly those willing to trade through an unregulated entity in exchange for flexibility or proprietary features.