Haspace 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.
The hidden fees at Haspace 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: Intuitive for beginners|Economic calendar|Market news feed|Dividend tracking
Cons: Would like more payment methods|No live chat on mobile
Haspace changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Easy withdrawals|Regular platform improvements
Cons: Charting tools need more indicators
Haspace seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Easy to use platform|Copy trading available
Cons: Limited social trading features|Limited demo account features
What really bothers me about Haspace is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after doing extensive research and I fell for the polished exterior. Never again.
Pros: Professional team|Great customer service
Cons: Email notifications too frequent
KYC with Haspace is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Automated trading options|Transparent fees|Economic calendar|Excellent charting
Cons: Limited social trading features
My card was charged twice by Haspace on the same day. I had to dispute it with my bank. Haspace then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Smooth onboarding|Low minimum deposit|Portfolio tracking tools
Cons: Wait times can be long during peak hours|Nothing significant
Do not be fooled by the professional-looking website. Behind the scenes, Haspace is disorganized and incompetent. I found them after hearing about them at a conference and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Wide product range|High security standards
Cons: Wait times can be long during peak hours
I lost a significant amount because Haspace 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: Professional team|Segregated accounts|Comprehensive tools
Cons: Withdrawal takes 1-2 business days
I wanted to transfer my portfolio from another broker to Haspace. 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: Instant funding|Educational resources
Cons: Search feature is basic|No dark mode on mobile
I gave Haspace a fair chance. After for about eight months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Reliable uptime|Detailed reporting|Real-time alerts|Instant funding
Cons: Search feature is basic