spacefxtrades.com is a CFD broker website with a domain registered on March 2, 2024. This broker primarily offers investment services in forex, commodities, indices, stocks, and cryptocurrencies. It does not provide services to countries and regions where doing so might violate local laws or regulations.
Company Registration Information and Regulatory Status
The company registration certificate displayed on the homepage of spacefxtrades.com cannot be viewed properly. However, clicking "View License Page" at the bottom of the image redirects to the UK's Companies House. The redirected page shows a company named "COIN MARKET MANAGER LTD," which is currently in bankruptcy liquidation.
Additionally, the "About" page on their website claims that the broker is associated with a company named "IFM," which is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not provide a specific license number.
Upon investigation, multiple ASIC-regulated companies named IFM were found, but none have any connection to spacefxtrades.com.
Therefore, spacefxtrades.com is essentially an unregulated scam broker website with no corporate entity.
Trading Products
spacefxtrades.com offers a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from fluctuations in exchange rates.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, traders can find diversified trading opportunities and leverage to enhance potential returns.
- Commodities: Commodity trading covers key resources in global markets, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to partake in public companies' price fluctuations, earning profits based on company performance and dividends without holding the actual stocks.
- Cryptocurrencies: Cryptocurrency trading provides enthusiasts the opportunity to profit from high-volatility assets.
Account Opening Process
The account opening process on spacefxtrades.com: Visit the broker's website, click "Register" at the top right corner, fill in personal information such as name, phone number, email, and set a password, then submit. Upon verification, the account registration will be successful.
Investment Plans
spacefxtrades.com offers four types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Invest $100 to get $3,000
- Invest $300 to get $4,000
- Invest $400 to get $5,000
- Invest $500 to get $6,000
- Invest $600 to get $7,000
- Invest $700 to get $8,000
- Minimum deposit: $500
- Minimum expected profit: $3,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use any broker
Trading Platform
spacefxtrades.com offers a self-developed trading platform, claiming an average order execution speed of less than 7.12 milliseconds, with over comprehensive liquidity providers, and more than 12,000 orders executed per second.
Deposits and Withdrawals
The official website of spacefxtrades.com does not disclose its supported deposit and withdrawal methods.
Summary
Traderknows reminds investors that spacefxtrades.com is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation, and its contact method is limited to email. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
