Space Markets Review – Is Space Markets a Scam Broker?
- Website: https://spacemarkets.io/
- Website Availability: Yes
- Address: 5th Floor Sasol Place, 50 Katherine Street, Wierda Valley, Sandton, Gauteng, South Africa, 2196
- Warning: Not Recommended By Review Website Like Proupshot
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Space Markets Warning Signs That Shouldn’t Be Ignored
Space Markets (Pty) Ltd is a forex and CFD broker that promotes itself as being regulated by the South Africa FSCA under license number 53183 and also claims a National Futures Association (NFA) non-forex license. However, on closer inspection, these claims are questionable. The FSCA does not disclose the licensee’s web address, making it difficult to verify whether Space Markets is genuinely connected to the license number it displays. This lack of transparency raises red flags for potential investors.
The broker offers multiple account types, such as Standard and Pro accounts, with a minimum deposit as low as R50. It supports the MT5 trading platform, which is widely used in the forex industry, and provides access to forex, indices, and stocks. On the surface, these features may look appealing, especially to beginners who want a low entry point.
However, the key concern is regulation. Without verified oversight from a top-tier financial authority, investors’ funds are not fully protected. The risk of unclear fees and limited accountability further adds to the uncertainty.
Verdict: While Space Markets offers attractive features, the lack of confirmed regulation makes it an unsafe choice for traders.
Why You Must Be Careful?
We’ve been tracking down fake brokers and dark investment plans for many years. Our investigations cover many cases, from forex trading scams to currency trading scams and crypto scams. After years of research and hundreds of real cases, we now know how these scams work and how they play with innocent victims.
Grand promises, unusually high excess returns, and withdrawal issues – these are all common investor-trapping tactics.
If trading with spacemarkets.io is a possibility, remain cautious. There has to be thorough research and intelligence supervision so that one is not made a victim of any such dishonest practice.
Avoid Trending Financial Frauds
Scammers never stop inventing new techniques for scamming unsuspecting people. Some of the most trending frauds include:
Investor Impersonation Scams: Fraudulent investment companies promise high profits within a short time; they disappear with every deposit.
Romantic Scams: Scammers pretend to develop online relationships merely to gain victims’ financial trust before scamming them.
Gift Card Scams: Scammers insist on payments being made through gift Card, hence making the transactions irreversible.
Bank Account Fraud: Identity theft and unauthorized access are applied for the purpose of empty bank accounts.
Phishing Fraud: Emails and messages trick people into sharing confidential information.
Cryptocurrency scams: Ponzi schemes and deceptive exchanges trick traders into losing funds.
Forex scams: Unregistered brokers manipulate trades and hold up withdrawals.
Ransomware: Frauds demand ransom to decrypt the information they have encrypted.
When doing financial transactions online, always be observant and handle it cautiously. Meanwhile, verify the legitimacy of a particular broker.
How to Recover Lost Funds?
If you’ve lost money to Space Markets or similar forex trading scams, you’re not alone. Victims of crypto scams, currency trading scams, and other scam brokers or shady platforms often struggle with scam money recovery.
We assist to recover money from scammers using proven strategies like chargebacks, dispute resolution, and legal action. Our team provides expert advice to help with scammed money recovery and guides victims through the entire recovery process.
Contact Us for a free consultation regarding the recovery of your funds.
Frequently Asked Questions
Q1. Is Space Markets a safe broker?
No. spacemarkets.io shows major red flags, including no verified regulation and scam-like practices.
Q2. What problems do traders face with Space Markets?
Users report withdrawal issues, hidden fees, and false promises of high returns.
Q3. How can I recover money lost to Space Markets?
Document all transactions, report to regulators, and seek expert recovery help. Services like Proupshot assist victims with scam money recovery.
About Proupshot
Proupshot.co is dedicated to revealing every fraudulent broker and delivering accurate information to a trader. We aim to protect investors from scams or fraud in finance and also help victims in recovering their lost funds.
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Also, read TCEHK Review.
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