Touch Space: customer reviews about the company’s work in 2023
Touch Space: customer reviews about the company’s work in 2023
Touch Space is one of the leading brokers, claiming to cooperate with more than 75,000 clients (according to other data – 30,000+) and providing services for over 10 years, successfully completing over 25M deals. However, only a few reviews about working with this company can be found online, and they are mostly negative. An independent review will help to understand the real situation.
What is known about Touch Space?
Superficially looking at the Touch Space website, it seems reputable, but upon closer examination, it turns out that many sections are empty, including the “Company History” section. There is a lack of specific information about the company, and top managers have chosen to remain anonymous. Equally concerning are the issues with customer service, as evidenced by real user reviews. The office details and contact information turned out to be fake, indicating possible elements of fraud.
Legal base check
According to statements, the broker is managed by Investing Space LTD, but there are no documents confirming the legality of this organization’s activities. Checking local regulatory registries showed a lack of appropriate permissions. The organization Touch Space LTD is registered, but went bankrupt in 2015, indicating possible instability and ambiguity.
Trading conditions
Touch Space offers the opportunity to practice risk-free before transitioning to real trading. The platform offers over 100 assets, including currency pairs, stocks, commodities, and indices. The minimum deposit is $150, and the leverage is 1:100. There are additional options such as insurance, trading in metals and digital currencies, 24/7 support, protection against negative balance, but information about available payment methods and commissions is not disclosed. User reviews point to the possibility of changing requirements by the company, which may hinder profit withdrawal.
Depositors’ reviews
There are reviews about Touch Space where users accuse the company of financial manipulations and deposit drainage. Similar opinions regarding the company’s predecessors indicate ongoing questionable practices.
How does the fraudulent scheme work?
Touch Space may use sophisticated methods to influence clients, including offering non-existent educational programs and remote access to the trading terminal. This can contribute to fund embezzlement, and the company does not take responsibility for the client’s capital loss in case of technical failures. It is recommended to avoid cooperation with such types of brokers to preserve capital and avoid financial risks.
Summing up
The decision to collaborate with Touch Space should be made consciously, considering all the risks associated with the activities of this company. It is recommended to carefully study the legal framework, customer reviews, and trading conditions before making a final decision to work with this broker.