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Score

4.03 /10
Average

Space Markets

South Africa

1-2 years

Regulated in South Africa

Financial Service Corporate

White label MT5

Regional Brokers

Suspicious Overrun

Medium potential risk

https://spacemarkets.io

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Comparison

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Score

Regulatory Index3.51

Business Index4.93

Risk Management Index0.00

Software Index8.57

License Index3.51

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Space Markets (Pty) Ltd

Company Abbreviation

Space Markets

Platform registered country and region

South Africa

Company website

WhatsApp

  • 071 339 7548

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2025-10-09
  • This broker exceeds the business scope regulated by South Africa FSCA(license number: 53183)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

Space Markets · Company summary
Space MarketsReview Summary
Founded2023-03-15
Registered Country/RegionSouth Africa
RegulationUnregulated
Market InstrumentsForex, Indices, Stocks
Demo Account/
LeverageUp to 1:2000
SpreadFrom 0.0 pips
Trading PlatformMT5
Min DepositR50
Customer Supportsupport@spacemarkets.io
010 035 5120
WhatsApp: 071 339 7548

Space Markets Information

Space Markets (Pty) Ltd is a brokerage firm in the forex trading industry. It offers various types of foreign exchange trading accounts, including Standard Account, Pro Account, etc. The minimum deposit is only R50, which provides investors with a relatively low trading threshold. The platform supports the MT5 trading platform and is equipped with a variety of trading functions and tools. It provides foreign exchange trading, and also covers index trading and stock trading, with a relatively rich range of trading products.

Pros and Cons

Pros Cons
Various trading toolsUnregulated
MT5 availableTrading involves risks
Minimum deposit of R50Some unclear fees
Leverage up to 1:2000
Spread as low as 0 pips

Is Space Markets Legit?

Space Markets (Pty) Ltd claims to be a financial services provider registered with and regulated by the FSCA, but there is no clear evidence.

Is Space Markets Legit
Is Space Markets Legit

What Can I Trade in Space Markets?

Space Markets offers forex trading, including major currency pairs (such as EUR/USD, GBP/USD), minor currency pairs, and exotic currency pairs. Traders can also choose index trading and stock trading.

Tradable Instruments Supported
Forex✔
Indices✔
Stocks✔

Account Type

Account Type Standard Pro SniperUltra Micro Space 100Swap Free/Islamic ECN
MinimumR50R50R50R50R50R50
Spread1.5 pips0.0 pips0.0 pips0.5 pips0 pips0 Pips
Commissions$0$7$0$0$0$10
Bonus0%0%0%0%100%0%
PlatformMT5MT5MT5MT5MT5MT5
Max Leverage1:20001:5001:10001:5001:5001:500
Zero IndicesNoNoYesNoNoNo

Space Markets Fees

The spread of most accounts can be as low as 0 pips, or there is no direct commission. However, there is a commission cost of $150 per lot for zero-spread indices. For specific commissions, you can refer to the information about account types.

Leverage

The maximum leverage is 1:2000. The leverage is set at different ratios based on the account balance/net worth. Different account types also have their respective maximum leverage limits. For example, the maximum leverage of the sniper account is 1:1000.

Account balance/net worth range (USD) Maximum leverage ratio
0 - 1,0001:2000
1,001 - 2,0001:1000
2,001 - 5,0001:500
Above 5,0001:300

Trading Platform

The platform provides the MT5 trading platform, which offers real-time market data to help traders keep abreast of market dynamics. At the same time, it supports trading on mobile devices, facilitating investors to participate in trading anytime and anywhere.

Deposit and Withdrawal

Space Markets supports various methods, including traditional bank transfers, credit/debit card transactions, e-wallet payments, etc., for deposits, and the funds can arrive quickly. The withdrawal process is also convenient, and the platform promises to complete withdrawals within 24-48 hours.

Bonus

Only the Space 100 account offers a 100% bonus, and there is no bonus for other accounts.

User Reviews

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David Vlado
6-12months
I'm quite satisfied with Space Markets in many aspects. It offers a very rich variety of trading products. I can trade foreign exchange, indices, and stocks, which meet my investment needs. The MT5 trading interface is very easy to get the hang of.
I'm quite satisfied with Space Markets in many aspects. It offers a very rich variety of trading products. I can trade foreign exchange, indices, and stocks, which meet my investment needs. The MT5 trading interface is very easy to get the hang of.
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2025-06-09 13:56
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Omar_sedlhi
6-12months
I'm a beginner who has just started trading forex and doesn't have much capital. The minimum deposit requirement of R50 on Space Markets is particularly friendly to me. I chose the ultra-micro account. Although the spread is 0.5 pips, fortunately, there is no commission.
I'm a beginner who has just started trading forex and doesn't have much capital. The minimum deposit requirement of R50 on Space Markets is particularly friendly to me. I chose the ultra-micro account. Although the spread is 0.5 pips, fortunately, there is no commission.
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2025-06-09 13:53
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