Background information and operational status of Dspace Capital Limited have raised numerous questions about its legality and transparency. While its official website shows that the company is registered in Saint Lucia and has an office in Dubai, offering trading services in forex, precious metals, cryptocurrencies, and other financial derivatives, further investigation reveals that the platform has not obtained any valid financial regulatory licenses. This lack of regulation poses a high risk to investors' funds, especially in high-leverage trading involving forex and commodities, making the platform's reliability and fund safety questionable.
Background of Dspace Capital Limited:
Dspace Capital Limited is an online broker registered on March 27, 2023, claiming to offer trading services in forex, precious metals, indices, energy, commodities, and cryptocurrencies. The company is registered in Saint Lucia and has an office in Dubai. Although registered through the Saint Lucia International Financial Center (IFC), it should be noted that the IFC only handles registrations of international business companies and does not authorize brokerage services for financial derivatives. This means the platform has a very weak regulatory foundation and cannot ensure the legality of its trading operations.
Regulatory Information of Dspace Capital Limited:
Upon checking Dspace Capital Limited's regulatory information, it was found that it has neither obtained a derivative service license in Saint Lucia nor is registered with the Dubai Financial Services Authority (DFSA) or the Securities and Commodities Authority (SCA) in the UAE. This indicates that Dspace Capital Limited does not have any valid financial regulatory licenses, providing no regulatory protection for investors' funds and transaction security while using this platform for trading.
Account Types: High Threshold, Opaque Fees
Dspace Capital Limited offers various account types ranging from $100 to $20,000, including BRONZE, SILVER, GOLD, PLATINUM, and DIAMOND accounts. The minimum deposit is $100, but the spread for this account type is as high as 2.5 basis points, making trading costs very high for low-capital traders. Although the platform claims there are no swap fees or commissions, it does not clearly state whether there are any hidden charges. For high-end accounts like the DIAMOND account, which provides a "Raw/ECN" model with spreads starting at 1.0 basis points, traders must deposit up to $20,000, further increasing investment risk.
Trading Software of Dspace Capital Limited:
Dspace Capital Limited uses the well-known MetaTrader 5 (MT5) platform, which is powerful and supports multi-asset trading. However, despite MT5 being widely used among global traders, the platform's lack of regulation poses significant risks to trading security. While the trading software itself has excellent performance, using it on an unregulated platform cannot offset the potential risks brought about by regulatory gaps.
Trading Products of Dspace Capital Limited:
Dspace Capital Limited claims to offer a variety of trading products, including forex, precious metals, indices, energy, commodities, and cryptocurrencies. While this may seem to provide a wide range of options for investors, the lack of any regulatory oversight introduces significant uncertainty regarding fund safety and trading transparency. In volatile markets, unregulated platforms are prone to issues like slippage and false quotations, causing substantial losses for investors.
What are the Spreads, Leverage, and Commissions of Dspace Capital Limited?
Dspace Capital Limited offers spreads ranging from 2.5 basis points for the BRONZE account to 1.0 basis points for the DIAMOND account. High spreads can increase trading costs. The platform offers trading conditions with no swap fees and commissions for all accounts, which may seem advantageous but could also obscure other hidden charges. Additionally, Dspace Capital Limited provides leverage up to 1:100. While leverage can amplify gains, it also significantly increases trading risk, especially on an unregulated platform. Investors should exercise caution.
What are the Deposit and Withdrawal Methods for Dspace Capital Limited?
Dspace Capital Limited supports several payment methods, including Bitcoin, Skrill, NETELLER, Perfect Money, and bank transfer. However, the platform does not provide any detailed information about deposit and withdrawal processes, such as processing times, fees, or minimum deposit/withdrawal amounts. This lack of information creates a transparency issue in fund management, potentially leading to delays or high fees. Using Bitcoin and other cryptocurrencies for fund transfers further increases the non-traceability and risk of funds.
Customer Support of Dspace Capital Limited:
Email: [email protected]
Phone: +97143395655
Summary:
Although Dspace Capital Limited claims to offer various financial services and advanced trading platforms, its lack of regulation and transparency makes it a high-risk investment platform. The company is registered in Saint Lucia, which does not offer brokerage licenses for financial derivatives, and it has no valid financial regulatory licenses in Dubai or elsewhere. Investors should exercise extreme caution before considering using Dspace Capital Limited to avoid significant financial losses due to the platform's opaque operations and lack of regulatory oversight. Currently, Dspace Capital Limited is listed as 'Suspected Fraud' on TraderKnows.
