Spacepro 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 only good thing about Spacepro is that they remind you why regulation matters. I found them while looking for alternatives to my previous provider. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Easy withdrawals|Copy trading available
Cons: Some tools only available on higher tiers
I wanted to transfer my portfolio from another broker to Spacepro. 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: Risk management tools|Demo account available
Cons: Wish they had more educational resources
I experienced a security concern with my Spacepro 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: Wide product range|Clean UI|Professional team|Risk management tools
Cons: No dark mode on mobile
The platform itself is okay, but the customer service at Spacepro is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Stable platform|Good mobile app|Real-time alerts|Excellent charting
Cons: Withdrawal takes 1-2 business days|Minor UI glitches occasionally