SPACE

According to WikiFX data, SPACE (Space World Capital Ltd) holds a total score of 1.90 out of 10, reflecting substantial concerns. The broker operates without any valid regulatory license from a major financial authority, and user reports indicate issues such as forced liquidation and withdrawal delays. This combination points to a high-risk profile for traders.

No, SPACE is not regulated by any recognized financial regulator. The firm is registered in the Comoros, a jurisdiction known for minimal oversight, and its license list is empty. This lack of credible oversight means traders have no external recourse in case of disputes.

SPACE offers a range of account types with minimum deposits starting at $100 for the WHITE GOLD, DIAMOND, GOLD, and SILVER accounts. The ECN and BRONZE accounts require a minimum deposit of $5,000.

SPACE supports the MT5 trading platform, as evidenced by user accounts and the broker's account specifications. MT4 is not mentioned in the available data.

Pro: The broker offers a diverse range of account types with low minimum deposits (starting at $100), high leverage up to 1:500, and supports Islamic accounts, scalping, and Expert Advisors. Cons: 1) SPACE lacks any valid regulatory license, exposing traders to significant risk. 2) User complaints highlight incidents of forced liquidation at unfavorable prices and prolonged withdrawal delays. 3) The overall WikiFX score of 1.90 indicates severe concerns about the broker's reliability.

Yes, WikiFX has recorded a user exposure report. The trader alleges that a gold position (13.5 lots) was forcibly liquidated at a price significantly below market value, resulting in a loss of approximately $70,000. Additionally, a withdrawal request of $7,000 remains unprocessed. The broker attributed the issue to a liquidity provider's technical fault but has not resolved the matter after three months.

SPACE is not regulated by the Financial Conduct Authority (FCA) or any equivalent UK regulator. Given its registration in the Comoros and lack of major regulatory oversight, it is highly unlikely to be authorized to offer services to UK residents. Traders should verify directly with the broker or consult official sources for confirmation.

SPACE is not recommended for beginners. While it offers low minimum deposits and supports the MT5 platform, the absence of regulatory oversight, high leverage up to 1:500, and documented user complaints about unfair liquidation and withdrawal issues create a high-risk environment. Novice traders are better served by brokers with strong regulation and transparent operations.

SPACE provides six account types: ECN, WHITE GOLD, DIAMOND, GOLD, SILVER, and BRONZE. Minimum deposits range from $100 (WHITE GOLD, DIAMOND, GOLD, SILVER) to $5,000 (ECN and BRONZE). Spreads vary: BRONZE from 0.6 pips, SILVER 1 pip, GOLD 1.5, DIAMOND 2, WHITE GOLD 2.5; ECN spreads are variable. All accounts offer maximum leverage of 1:500, support Islamic accounts, scalping, and EA trading.

SPACE offers a maximum leverage of 1:500 across all account types. This is considered high leverage, which can amplify both potential profits and losses. The risk is elevated, particularly given the broker's lack of regulatory oversight and the presence of user complaints. Traders should exercise extreme caution when using such leverage.

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.

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.

A broker can be evaluated as a potential scam platform by considering multiple factors such as regulatory qualifications, user complaints, fund security, and platform data. In general, brokers without valid regulation, those that frequently have withdrawal problems, those with a large number of user complaints, or those providing false information usually carry higher risks. You can check the broker's regulatory status, overall rating, exposure records, and user reviews on the WikiFX platform, and make judgments based on multi-dimensional data to effectively identify and avoid scam platform risks.

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.

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.