Trading Space

Trading Space UK Ltd, operating under the brand 'Trading Space' and the domain tradingspace.pro, is a financial company registered in the United Kingdom. According to our records, the company was founded on 23 August 2022 and lists its registered address at 37th Floor, One Canada Square, Canary Wharf, London, E14 5AB. The company describes itself as a financial firm offering a range of trading accounts, though independent public information about its operations is limited.

Our records indicate that Trading Space UK Ltd is registered with two financial regulators: the Australian Securities and Investments Commission (ASIC) and the UK Financial Conduct Authority (FCA). Both licences are listed as 'Market Making (MM)' type, with licence numbers 412981 (ASIC) and 595450 (FCA). However, the status of these licences is not specified in our records, and the company description notes that the regulatory licences are 'suspected to be cloned'. This raises significant concerns about the authenticity of the regulatory claims.

Trading Space UK Ltd holds two regulatory licences on file: one from ASIC in Australia and one from the FCA in the United Kingdom. Both are categorised as 'Market Making' licences, which typically permit the firm to act as a principal in trades. The licence numbers are 412981 (ASIC) and 595450 (FCA), as per our records.

However, the status of these licences is marked as '—' (not specified), and the company description explicitly states that the licences are 'suspected to be cloned'. This means that while the licence numbers appear in our records, they may not be genuinely held by Trading Space UK Ltd. We could not verify the licences against public registers due to the lack of independent information. For a trader, this is a critical red flag, as operating without valid regulation leaves clients without the protections typically afforded by authorised firms.

Trading Space UK Ltd offers five account tiers, each with different minimum deposits, leverage, and spread requirements. The entry-level 'Basic' account requires a minimum deposit of $250 to $10,000, offers a maximum leverage of 1:20, and a minimum spread of 3 pips. The 'Silver' account requires a deposit of $11,000 to $50,000, with leverage up to 1:50 and a minimum spread of 2 pips.

The mid-tier 'Gold' account demands a deposit between $51,000 and $150,000, offers leverage up to 1:100, and a minimum spread of 1.5 pips. The 'Platinum' account requires a substantial deposit of $160,000 to $300,000, with leverage up to 1:150 and a minimum spread of 0.5 pips. The top-tier 'Diamond' account is by invitation only, with no specified deposit range, but offers the highest leverage of 1:200 and a minimum spread of 0.1 pips. Commission details are not disclosed for any account type.

The trading conditions offered by Trading Space UK Ltd vary significantly across its account tiers, reflecting a model that appears to cater to high-net-worth individuals. The minimum spreads range from 0.1 pips on the Diamond account to 3 pips on the Basic account, which is a wide spread for retail traders. Leverage is capped at 1:200, which is relatively conservative compared to some offshore brokers, but still carries significant risk.

Notably, our records do not specify the instruments available for trading, nor do they list any deposit or withdrawal methods. This lack of transparency makes it difficult for potential clients to assess the broker's offering. The company description mentions that the minimum deposit is as high as $250, which is higher than many retail forex brokers, further suggesting a focus on wealthier clients.

Trading Space UK Ltd was founded on 23 August 2022, according to our records. The company is registered in the United Kingdom, with a prestigious address at One Canada Square in Canary Wharf, London. However, our records indicate that the company has zero employees, which is unusual for a financial services firm and may suggest that the entity is a shell or that the information is incomplete.

The company description states that it is 'a financial company registered in 2021', which conflicts with our founding date of 2022. This discrepancy, along with the suspected cloned licences, adds to the overall uncertainty surrounding the firm. In FXCanary's assessment, the limited public information and these inconsistencies are significant caution signs for any trader considering this broker.

FXCanary's Scam Risk Score for Trading Space UK Ltd is 38 out of 100, which we classify as 'Guarded'. This score reflects the limited public information available about the broker, as well as the red flags identified in our records, such as the suspected cloned licences and the lack of employee information. While the score does not definitively label the broker as a scam, it indicates that traders should exercise extreme caution.

We were unable to find any independent user reviews or verifiable web presence for this broker, which is itself a warning sign. In the forex industry, a lack of transparency and regulatory verification often correlates with higher risk. We recommend that traders thoroughly verify any claims made by Trading Space UK Ltd and consider alternative, well-regulated brokers.