FXSpace: company reviews. How does it work and what does it offer?

Attention! Fraud company!

Leave a request for a refund from a scammer.

The number of fraudulent organizations that pretend to be brokers is growing all the time. FXSpace, judging by the reviews, is one of them. She promises clients unprecedented profits, but her main goal is to earn as much as possible on their trust. What facts indicate that we are facing a scam? We will talk about this further. 

Key features of FXSpace

“Our space shuttle will take you to the planet of real trading sessions,” these are the words swindlers greet their potential victims. They guarantee them stable earnings and supposedly open up many other opportunities, but all this is just advertising.

As for the terms of FXSpace activity, 2019-2021 are indicated in the footer. But, judging by the reviews, the office has been operating for no more than a year. According to legend, it belongs to Worldwide Fin Services LTD. We found the data of this organization, and it turned out that it has nothing to do with brokerage and investment activities - it provides consulting services. Therefore, most likely, nothing connects her with the hero of our review.

The same situation is with the “European partner” of the pseudo-broker Hillview Holdings LP SP. Z OO, which is located in Poland. His field of activity is computer programming, and there is no information on the Web regarding partnerships between this company and FXSpace.

The contact details provided by the breeders are fake. The legal address at which the office is allegedly located is fake, as it is indicated by many false brokers for cover. 

And the email address that the scammers provided to contact support does not exist at all.

Document overview

The footer of the site says that the parent company of this “kitchen” has an ETK INC LTD Forex Regulation license (even a link to the document is provided). But this body has nothing to do with regulators. This is an ordinary limited liability company that distributes such pieces of paper right and left. Therefore, the submitted document is not a guarantee that the broker conducts legal activities, and all operations carried out within the platform are controlled by higher authorities.

The site says that FXSpace is the leader among brokers in the CIS market. At the same time, there is not a word about the license of the Central Bank of the Russian Federation, without which he does not have the right to provide services, at least in Russia. Using the official database, we found out that the Bank's employees blacklisted this office, as it is suspected of fraud.

The "user agreement" of sharaga is also a confirmation that it works outside the legal field. This pseudo-document says that FXSpace:

• is not responsible for anything;
• may at any time terminate cooperation with the client;
• has the right to charge any commissions, change the rules for the provision of services, etc.

Trading conditions

The cheaters lure users with favorable trading conditions (of course, fake ones):

• the ability to trade stocks, currencies, indices, commodities, cryptocurrencies, bonds;
• the presence of free signals that allow you to determine the most appropriate moment for the execution of a particular transaction;
• trust management of client funds;
• availability of several types of accounts: “Standart”, “Premium”, “Attractive”, “VIP”, “Shark”;
• the opportunity to learn trading from scratch (webinars and videos are provided for this);
• up-to-date news content and analytics. 

Reviews about the office

In order to gain confidence in traders, the scammers presented on the site a series of purchased positive reviews written in one hand. We monitored independent resources, forums and found out that in fact, without exception, users accuse FXSpace of fraudulent activity, backing up their words with real facts. 

Divorce scheme used by scammers

FXSpace employees are real psychologists who know how to ingratiate themselves and persuade users to take certain actions. Persuading to make a deposit, they operate with false facts and demonstrate the results of successful transactions allegedly made by their clients.

Since the main target audience is bred - beginners in the field of trading, they offer them to first take a training mini-course, and then start real trading. Judging by the reviews, this allows them to completely mislead their victim. Under their guidance, the user commits rash acts - deposits all the money that he has, and even takes quick loans so as not to miss the happy opportunity to get rich.

When a trader is about to withdraw earnings, the manager tells him about the need to pay taxes and fees (as a rule, we are talking about at least $ 300-400), since without this it is impossible to conduct a transaction. He deposits this money, but again he cannot complete the withdrawal, and literally immediately his account is blocked.

Review results

We comprehensively analyzed the work of FXSpace and found out that this is a sharaga that you need to stay away from. She works illegally and does not fulfill what she promises to clients. Their reviews are a direct confirmation of this.