SyosSpace Review

About SyosSpace

Syos Space operates under the domain syos-space.capital and does not hold a valid license from any recognised financial regulator. The Financial Market Authority of Austria (FMA) issued an investor warning stating that Syos Space is not authorised to conduct banking or trading services in Austria, referencing Article 1 para. 1 no. 7 of the Austrian Banking Act, with the warning published in the Official Gazette on 19 November 2022. ()

The broker claims to be operated by an entity named Coconors and Partners LLC allegedly based in Saint Vincent and the Grenadines, a jurisdiction noted for lacking effective Forex broker regulation. There is no evidence of licensing or oversight from authorities such as the FCA, ASIC, CySEC, CFTC or others. Investigations and reviews confirm absence of regulation, making investors’ funds unprotected. ()

Reported trading conditions include a required minimum deposit of US $250, advertised leverage of 1:100, and spreads of approximately 3 pips on EUR/USD. The broker appears to provide only a proprietary web-based trading platform, not industry-standard platforms such as MetaTrader 4 or 5. Additionally, there are claims that withdrawal requests may be subject to high bonus-related requirements and transaction delays. ()

Pros and cons

Pros

• No confirmed features based on reliable primary sources.

Cons

• Unregulated broker, not authorised by any recognised regulator. ()
• Operates via offshore entity (SVG), with no regulatory oversight. ()
• Platform not built on standard trading software; uses a basic web trader. ()
• Minimum deposit and leverage claims exist but cannot ensure safety of funds. ()