Faspace has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I opened an account with Faspace since early this year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Economic calendar|Dividend tracking|Demo account available|No hidden fees
Cons: Desktop app not available on Linux|Wish they had more educational resources
My withdrawal request from Faspace has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Responsive team|Intuitive for beginners|Competitive fees|Stable platform
Cons: Some tools only available on higher tiers
I experienced a security concern with my Faspace account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Competitive fees|Professional team
Cons: No integrated tax optimization|No crypto staking
I was about to invest with Faspace but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I wanted to transfer my portfolio from another broker to Faspace. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Comprehensive tools|Professional team
Cons: Limited demo account features|Alert system is basic
I lost a significant amount because Faspace did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Excellent charting|Responsive team|Reliable uptime
Cons: Alert system is basic|Account statements could be more detailed
I referred a friend to Faspace through a financial advisor. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Quick verification|Multiple order types
Cons: Account statements could be more detailed|Help articles are sometimes vague
What really bothers me about Faspace is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them through word of mouth in my investment club and I fell for the polished exterior. Never again.
Pros: Excellent charting|Fast deposits
Cons: Charting tools need more indicators|No fractional shares
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Faspace is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics