SPACBROKERAGE 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.
I have been trying to close my account with SPACBROKERAGE 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: Segregated accounts|Helpful community forum|API access
Cons: No phone support on weekends|Limited ETF selection
I referred a friend to SPACBROKERAGE after seeing their ad online. 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: Fast execution|Social trading features
Cons: Cannot customize dashboard fully
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
I lost a significant amount because SPACBROKERAGE 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: Comprehensive tools|Segregated accounts|Two-factor authentication|Full transparency
Cons: Some tools only available on higher tiers
SPACBROKERAGE has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.
Pros: Real-time alerts|Helpful community forum|Wide product range|Clear documentation
Cons: Inactivity fee applies after 12 months|Desktop app not available on Linux
I requested my data from SPACBROKERAGE under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Full transparency|Portfolio tracking tools|Regular platform improvements
Cons: Limited social trading features
Customer support at SPACBROKERAGE seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Excellent charting|Demo account available|Good mobile app|High security standards
Cons: No crypto staking
After using SPACBROKERAGE for the past six months, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.
Pros: Good analytical tools|Personal attention|Transparent fees
Cons: Account statements could be more detailed|Withdrawal takes 1-2 business days
If you are reading this considering SPACBROKERAGE - run. I wish I had read more negative reviews through a financial advisor. I thought the positive ones were real. Maybe some are. My experience over for about five months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Economic calendar|Great customer service|Tax reports included
Cons: Account statements could be more detailed
SPACBROKERAGE advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Smooth onboarding|Clean UI|Copy trading available
Cons: Would like more payment methods|Inactivity fee applies after 12 months