About spacefxtrades
Overview
Spacefxtrades is a forex brokerage that commenced operations on 22 July 2024 and is registered in the United Kingdom at 76 Commercial St, Edinburgh, Midlothian EH6 6LX.
The firm presents itself through a three-tier account structure: Starter, Classic, and Platinum, with minimum deposits of $500, $5,000, and $10,000 respectively. However, as of this review, the broker does not appear on any financial regulator's register, and no licensing information has been provided.
Regulation and Safety
Our records indicate that spacefxtrades holds no regulatory authorisation from any recognised financial authority. The UK registration alone does not imply oversight by the Financial Conduct Authority (FCA).
Traders should exercise extreme caution when dealing with unregulated brokers, as there is no external recourse in case of disputes or financial loss. The FXCanary Scam Risk Score of 53/100 (Elevated) reflects this lack of regulatory protection.
Account Types and Trading Conditions
Spacefxtrades offers three accounts: the Starter Account (min $500), Classic Account (min $5,000), and Platinum Account (min $10,000). Maximum leverage is not disclosed in our known facts.
The absence of leverage information makes it difficult to assess the risk profile of trading with this broker. Higher-tier accounts may offer additional features, but no details are available from independent sources.
Instruments and Platforms
No information is available regarding the range of trading instruments (e.g., forex pairs, commodities, indices) or the trading platforms offered (e.g., MetaTrader, cTrader).
Without this data, prospective clients cannot evaluate whether the broker meets their trading needs. The lack of transparency is a significant concern.
Deposits and Withdrawals
Payment methods and withdrawal policies for spacefxtrades have not been documented in any public records or our known facts.
Traders are advised to verify funding and withdrawal procedures directly with the broker, and to exercise caution given the unregulated status.
Customer Support
No information about customer support channels (phone, email, live chat) or response times is available.
Reliable customer service is critical for resolving issues, especially with an unregulated broker. The absence of such details is a red flag.
Conclusion
Spacefxtrades is a newly established UK-registered forex broker with no regulatory oversight and limited public information. While it offers tiered account options, the lack of licensing and transparency regarding trading conditions, platforms, and customer support makes it a high-risk choice.
Traders should consider only regulated brokers with a proven track record for capital security.
Overview compiled by FXCanary from regulatory records and public data. full spacefxtrades review