exchangespacefx.com has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The spread at exchangespacefx.com is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after attending a webinar they hosted and initially thought the platform was good - until I started trading seriously.
Pros: Real-time alerts|Instant funding|Educational resources|Detailed reporting
Cons: Limited ETF selection|No live chat on mobile
I joined exchangespacefx.com after a trusted YouTuber reviewed them and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Easy withdrawals|Excellent charting|Professional team
Cons: No dark mode on mobile|Desktop app not available on Linux
The platform at exchangespacefx.com is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for over three years of dealing with this, I have had enough.
Pros: Responsive team|Detailed reporting|Multiple order types
Cons: Charting tools need more indicators|Wish they had more educational resources
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. exchangespacefx.com recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Transparent fees|Great customer service|Segregated accounts
Cons: No crypto staking|Account statements could be more detailed
I have been trying to close my account with exchangespacefx.com for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Transparent fees|Smooth onboarding|Multi-currency support
Cons: Spreads widen during volatile periods|Mobile app could be improved
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that exchangespacefx.com has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Not registered with regulators|Unrealistic promises
After for a few weeks now with exchangespacefx.com I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: API access|Regular updates
Cons: Charting tools need more indicators|Spreads widen during volatile periods
I closed a profitable position at exchangespacefx.com and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Low minimum deposit|Stable platform|Tax reports included|Multiple order types
Cons: Spreads widen during volatile periods
The so-called education at exchangespacefx.com is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted since early this year thinking they would help me learn.
Pros: Customizable dashboard|Good mobile app|Comprehensive tools|No hidden fees
Cons: No live chat on mobile
The hidden fees at exchangespacefx.com are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Personal attention|No hidden fees
Cons: Withdrawal takes 1-2 business days|Alert system is basic