SpaceMarket

SpaceMarket holds a total WikiFX score of 2.04 out of 10, reflecting significant concerns. The broker is registered in Dominica, a jurisdiction with minimal financial oversight, and operates without any valid forex trading license from a major regulatory authority. According to WikiFX data, this unregulated status places the broker in a high-risk category, meaning traders face elevated counterparty risk and lack the protections typically offered by regulated entities.

No, SpaceMarket is not regulated by any recognized financial authority. The broker's license list shows no valid forex licenses, and its registration in Dominica does not provide meaningful oversight. WikiFX assessment indicates that the broker operates without the supervision of a major regulator such as the FCA, ASIC, or CySEC, which is a critical factor for traders to consider.

The minimum deposit required to open a Basic account with SpaceMarket is $250. Higher-tier accounts such as Optimal ($2,000), Individual ($10,000), and Strategic ($25,000) require significantly larger initial deposits. All deposits are processed via bank transfer or wire transfer, with a minimum of $250 for each transaction.

SpaceMarket does not explicitly disclose whether it supports the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. Based on available information, the trading platform used by the broker is not specified. Traders are advised to contact the broker directly to confirm platform compatibility before opening an account.

Pro: The Basic account has a low minimum deposit of $250, making it accessible for traders with limited capital. Cons: 1. The broker is not regulated by any authoritative financial body, which means there is no external oversight or investor protection. 2. Deposit methods are limited to bank and wire transfers, which can be slower and less convenient than e-wallet options. 3. The lack of regulation introduces a high level of counterparty risk, as the broker's operations are not subject to standard compliance requirements.

WikiFX data shows only one user review for SpaceMarket, which is positive and does not indicate any complaints or negative exposure. The reviewer noted a smooth registration process, competitive spreads, and responsive customer service. However, the limited number of reviews means a comprehensive assessment of user sentiment is not possible.

Due to the temporary lack of publicly available data, it is not possible to determine whether it is available in the United Kingdom. In general, to judge whether a broker can be used in a certain region, you can refer to the following aspects: 1. Regulatory qualifications: Check whether the broker is authorised by the Financial Conduct Authority (FCA) to provide relevant services in the United Kingdom. 2. Legal restrictions: Different countries and regions have different laws and regulations on forex and CFD trading. Some platforms may not provide services in certain regions. 3. Account opening information: Check whether the broker allows users from the United Kingdom to register accounts. 4. Official announcements and customer service: Confirm the service policy for the United Kingdom through the broker's official website or customer service. 5. User feedback: Refer to the experience and complaints of users in the United Kingdom. You can use the information above to judge its availability in the United Kingdom. At the same time, you can follow WikiFX updates on regulatory and availability data to get more accurate reference.

SpaceMarket offers a Basic account with a low minimum deposit of $250, which may be appealing for new traders. However, the broker is unregulated and operates from a jurisdiction with minimal oversight, which significantly increases risk. Beginners are typically advised to start with a regulated broker that offers protections such as fund segregation and negative balance protection. While SpaceMarket supports scalping, hedging, and Expert Advisors, the lack of a demo account and regulatory safeguards makes it a less suitable choice for inexperienced traders.

SpaceMarket provides four account types: Basic, Optimal, Individual, and Strategic. The Basic account requires a $250 minimum deposit and offers spreads from 1 pip with leverage up to 1:300. The Optimal account requires $2,000 and offers spreads from 0.7 pips. The Individual account requires $10,000 and offers spreads from 0.6 pips. The Strategic account requires $25,000 and offers spreads from 0.5 pips. All accounts support scalping, hedging, and Expert Advisors, with a minimum lot size of 0.01. Leverage is capped at 1:300 across all accounts.

SpaceMarket offers a maximum leverage of 1:300 across all account types. This is considered high leverage, which can amplify both profits and losses. Combined with the broker's unregulated status, the risk profile is elevated. Traders using high leverage should be aware that even small market movements can lead to significant losses, and there is no regulatory oversight to ensure fair practices or provide recourse in case of disputes.

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

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.

If a broker holds multiple regulatory licenses, it usually means that it operates in multiple countries or regions and needs to comply with the requirements of different regulatory authorities. Its overall credibility is generally higher. However, it should be noted that regulatory strength differs between licenses. Some offshore regulations have weaker restrictions, so safety should not be judged only by the number of licenses. It is recommended to focus on whether the broker holds licenses from major regulators such as FCA or ASIC, and evaluate its regulatory status, historical records, and overall rating together. You can also check all regulatory information and performance under different regulators on the WikiFX platform to more comprehensively assess its actual risk level.

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.