Space Markets Review: What Traders Should Know Before Depositing

Space Markets, operated by Space Markets (Pty) Ltd, is a South Africa-registered brokerage founded in 2023. Its pitch to retail traders is a low barrier to entry: a R50 minimum deposit, the MetaTrader 5 platform, and access to forex, indices and stocks. Whether that package suits you depends less on the marketing and more on the regulatory record, where two signals point in different directions.

On one side, the company appears in WikiFX's records as the holder of a Financial Sector Conduct Authority (FSCA) Derivatives Trading Licence, licence number 53183, currently marked as regulated. On the other, the Central Bank of Russia (CBR) published a warning in September 2024 that lists spacemarkets.io among entities showing signs of acting as an illegal professional securities market participant. A WikiFX score of 6.17 reflects that mixed picture. This review sets out what can be confirmed, what the warning means in practice, and what to verify before funding an account.

Contents

01

Company Overview

02

Regulation and Safety

03

Trading Products and Accounts

04

What Users Say

05

Strengths

06

Final Thoughts

Company Overview

Space Markets (Pty) Ltd was founded in 2023 and is registered in South Africa, with its public site at spacemarkets.io. The broker promotes a low-cost structure: a R50 minimum deposit across its account range, spreads advertised from 0.0 pips on selected accounts, and leverage that can reach 1:2000 depending on the account and balance tier. It runs on MetaTrader 5 and supports automated trading through expert advisors.

The account range is wider than the minimum-deposit pitch suggests. Its lineup includes Standard, Pro, Sniper, Ultra Micro, Space 100, Swap Free/Islamic ECN and Synthetics accounts. All share the same R50 entry point but differ in spreads, commissions and maximum leverage, so the headline terms apply only to specific accounts.

Regulation and Safety

This is the section that matters most for a broker with a mixed public record. WikiFX's regulatory data shows Space Markets (Pty) Ltd holding a Financial Sector Conduct Authority Derivatives Trading Licence, licence number 53183, recorded as regulated. For a South African client, this is the key protection reference, but a licence alone does not reveal the full scope of coverage. It is worth confirming directly with the FSCA that the exact entity and products you plan to use are covered.

Separately, the Central Bank of Russia (CBR) published a list dated 25 September 2024 that includes SPACEMARKETS.IO, noting that the entity showed signs of acting as an illegal professional securities market participant. The warning is attached to the spacemarkets.io website and is a concrete, dated regulatory flag. For traders reading it, the practical point is to confirm which entity and jurisdiction they are actually dealing with, and whether the FSCA licence covers the services being offered to them, rather than treating the licence number as the end of the story.

Trading Products and Accounts

Space Markets offers forex, indices and stock trading. In forex, this includes major pairs such as EUR/USD and GBP/USD as well as minor and exotic pairs, alongside index and share trading. The different account types then shape the cost and leverage profile of those products.

The Standard account advertises a 1.5-pip spread with leverage up to 1:2000 and no commission, while Pro and Sniper accounts quote spreads from 0.0 pips, with a commission on Pro and leverage on Sniper capped at 1:1000. Ultra Micro is positioned as a beginner option with a 0.5-pip spread and no commission. A Space 100 account carries a 100% bonus, and Swap Free/Islamic ECN and Synthetics accounts round out the range. Expert advisors are supported across the board.

Leverage is also tied to balance. The highest level, up to 1:2000, applies to balances up to roughly $1,000, scaling down to 1:300 above $5,000. Deposits are offered through bank transfer, card and e-wallet options, with the platform stating withdrawals are completed within 24 to 48 hours.

What Users Say

There were no formal complaints in the records reviewed for this article. The trader feedback available is positive but limited: one trader, writing in June 2025, said they were satisfied with the variety of products and found the MetaTrader 5 interface easy to use. That is an individual experience and does not offset the CBR warning above, but it does suggest the platform is being used by real retail clients.

Strengths

• A R50 minimum deposit keeps the barrier to entry low.
• MetaTrader 5 across all accounts, with expert advisors supported.
• A product range covering forex, indices and stocks.
• Multiple account types with different spread, commission and leverage profiles.

Final Thoughts

Space Markets presents a genuine tension between accessibility and regulatory risk. Its FSCA Derivatives Trading Licence is recorded as regulated in WikiFX's data, and the R50 entry point, MetaTrader 5 setup and product range make it an accessible option for beginners. But the CBR warning against spacemarkets.io is a specific, dated flag that any prospective client should resolve before depositing, rather than assuming the licence number settles every question.

Before funding an account, verify the FSCA licence directly and confirm it covers the exact entity and products you will use, start with a small deposit and test a withdrawal before committing larger funds, and check the live WikiFX score and any new complaints in the WikiFX App.

Finally, WikiFX would like to remind everyone that before using any US stock, futures, or forex brokers, remember to check the platform's regulatory information, trading environment, field inspection reports, user reviews, and overall rating on the WikiFX App. This will help you effectively avoid problematic scam platforms and rogue brokers, safeguarding your capital.