Space World Capital
Pros and Cons
Pros
- Diverse range of trading instruments including forex, stocks, metals, and indices
- Multiple account types tailored for different trading experience levels
- MT5 trading platform with advanced features and tools
- Demo account available for practice and familiarization
- No withdrawal fees, enhancing cost-effectiveness for traders
Cons
- Not regulated by any recognized financial authority
- Higher risk of fraud or mismanagement of client funds
- Limited educational resources for traders
- No specific details on customer support availability
- Potential deposit fees and inactivity fees may apply
Basic Information
User Reviews
Space World Capital Overview
Space World Capital, established in 2024, is a brokerage firm registered in Comoros. The company operates without regulation from any recognized financial authority, which is a crucial factor for traders considering their options. As a relatively new entrant in the forex market, Space World Capital aims to provide a platform for trading various instruments, although potential clients should be cautious due to its unregulated status.
The broker offers a diverse range of trading instruments, including forex, stocks, metals, and indices, catering to different trading preferences. Utilizing the MT5 trading platform, Space World Capital provides features that may enhance the trading experience, though specifics regarding customer support and unique advantages are not detailed. Traders may find it beneficial to assess their requirements carefully given the lack of oversight and the associated risks of trading with an unregulated broker.
Is Space World Capital Safe? Regulation Analysis
Regulatory Information
Space World Capital is not regulated by any recognized financial authority. This unregulated status poses inherent risks for traders considering this broker, as they may not benefit from standard investor protection measures typically provided by regulated firms. The absence of oversight means that there is a higher potential for issues such as fraud or mismanagement of client funds.
Is Space World Capital Regulated and How Are Client Funds Protected?
Trading Products and Services
What trading instruments does Space World Capital offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | [Major Pairs / Examples] | [Number] |
| Commodities | [e.g. Gold, Oil] | [Number] |
| Indices | [e.g. S&P 500, NASDAQ] | [Number] |
| Stocks | [e.g. US, UK] | [Number] |
| Cryptocurrencies | [e.g. BTC, ETH] | [Number] |
Space World Capital offers a diverse array of trading instruments, including forex, stocks, metals, and indices. This variety is designed to cater to the needs of different types of traders, from beginners exploring the markets to experienced professionals implementing complex trading strategies. The inclusion of multiple asset categories allows for effective portfolio diversification, enabling traders to adapt their strategies based on market conditions. As such, the broker provides an appealing platform for those looking to explore various trading opportunities while managing their risk exposure effectively.
Account Types and Trading Conditions
What Account Types and Fees Does Space World Capital Offer?
| Account Type | Target User Group | Key Characteristics | Applicability Notes |
|---|---|---|---|
| White Gold Account | Experienced traders | Low spreads, high leverage | Requires significant trading volume |
| Diamond Account | Professional traders | Customized services, premium support | Minimum deposit required |
| Gold Account | Intermediate traders | Competitive spreads | Suitable for traders with moderate capital |
| Silver Gold Account | Beginner traders | Accessible minimum deposit | Designed for those new to trading |
| Bronze Account | New traders | Basic trading features | Ideal for small-capital practice |
| ECN Account | Active traders | Direct market access, low latency | Requires higher initial capital |
Account Opening Process
To open an account with Space World Capital, prospective traders must complete a series of steps. Initially, they will need to provide personal information, including identity verification documents such as an ID and proof of address. Additionally, details regarding employment and financial information may be required. Once the account is set up, traders have the flexibility to upgrade to a professional account as their trading experience and volume increase.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 0.0 | $0 (ECN: $10/lot) | Competitive spreads for active traders |
| CFDs (Stocks) | 1.5 | $0 | No commission for stock trading |
| CFDs (Indices) | 1.0 | $0 | Standard spreads for indices |
| CFDs (Commodities) | 2.0 | $0 | Typical spreads for commodities |
| Cryptocurrencies (BTC/USD) | 1.0% | 0.1% | Variable depending on market conditions |
Other Fees
Space World Capital has a transparent fee structure. There are no withdrawal fees, which can be beneficial for traders. However, traders should be aware of potential deposit fees, inactivity fees, and overnight interest (swap rates) that may apply. Additionally, currency conversion fees might be incurred when trading in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Space World Capital Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT5 | Windows, macOS, iOS, Android | Login security (encryption), multiple order types, technical indicators | Demo account available |
| Web Version | All Browsers | Market search, price alerts, push notifications | No additional services |
| Mobile App | iOS, Android | Convenient login, real-time alerts, quick order execution | No additional services |
Space World Capital provides a robust trading experience through its MT5 platform, which supports multiple operating systems and offers advanced tools for market analysis. The web version allows traders to access their accounts from any browser, enhancing flexibility and convenience. Meanwhile, the mobile app facilitates trading on-the-go with features such as real-time alerts and quick order execution. Overall, these platforms prioritize secure logins and efficient market search capabilities, catering to a range of trading preferences.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min 100, Max 15,000 | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 20,000 | USD |
| Cryptocurrency | Instant | No platform fee | Min 50, Max 10,000 | BTC, ETH |
| E-wallet (e.g., Skrill, Neteller) | Instant | No platform fee, 1.5% charge | Min 50, Max 20,000 | USD, EUR |
Minimum Deposit
Space World Capital requires a minimum deposit of $50 for the Silver Gold Account, which is tailored for beginner traders. This amount may vary depending on the account type selected, with higher minimums for more advanced accounts such as the Diamond Account.
How to Withdraw
To withdraw funds from your Space World Capital account, follow these steps:
- Log in to your Space World Capital account.
- Navigate to the ‘Withdraw’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it falls within the specified limits.
- Confirm your withdrawal request and review any applicable processing times.
- Submit your request and await confirmation of the transaction.
Customer Support
Space World Capital Customer Support Overview
Support Channels
Space World Capital offers multiple contact methods for customer support. Traders can reach out via:
- Email: Support is available through the email address support@spaceworldcapital.com.
- Telephone: Customers can call +971 45751990 for direct assistance.
- Social Media: The broker maintains a presence on platforms such as Instagram, Telegram, X, LinkedIn, WhatsApp, and Facebook for additional support.
Service Availability
Customer support services are available for traders, ensuring timely assistance for inquiries and issues. While specific support hours are not detailed, the broker aims to provide adequate support coverage. Multilingual support may be available, but specific languages are not mentioned.
Frequently Asked Questions
No, Space World Capital is not regulated by any recognized financial authority. This unregulated status poses inherent risks for traders as they may not benefit from standard investor protection measures typically provided by regulated firms.
Space World Capital offers a diverse range of trading instruments, including forex, stocks, metals, and indices. This variety caters to different trading preferences and allows for effective portfolio diversification.
To withdraw funds, log in to your Space World Capital account, navigate to the ‘Withdraw’ section, select your preferred withdrawal method, enter the amount, confirm your request, and await transaction confirmation.
Space World Capital provides multiple account types, including White Gold, Diamond, Gold, Silver Gold, Bronze, and ECN Accounts. Each account type is tailored to different trading experience levels and requirements.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.