Key terms, from the firm’s own published pages

• Fees: $39 ($5,000 3-Phase or Flash Standard) to $1,699 ($300,000 1 Phase Pro); $100,000 costs $399 to $599 by model. Instant Funding runs $99 ($2,500) to $1,899 ($50,000) (Classic Evaluations, One Phase Pro, Instant Funding, checked 26 September 2026).
• Profit split: 80% (Instant Funding 75%, rising to 80% after two payouts); 90% costs 20% more at checkout (FAQ).
• Profit targets: 10% on the 1-Step Classic; 10% then 5% on the 2-Phase; 6%, 6% and 5% on the 3-Phase; 9% on the 1 Phase Pro; 6% on every Flash account.
• Drawdown: trailing on every model, following peak equity. Daily/total limits are 4%/8% (1-Step and 3-Phase Classic, Instant Funding), 5%/10% (2-Phase Classic, 1 Phase Pro) and 3%/4% (Flash). Daily limits reset at 00:00 UTC.
• Payouts: first payout 30 days after funded activation (14 days on Flash), then every 14 days; a 7-day cycle costs 15% more at checkout. Paid in USDT on ERC20 or TRC20 only.
• Refunds: evaluation fees return with the third payout, on request; clause 7.4 of the Terms and Conditions says “There are no refunds on any Services purchased”.
• Costs and leverage: $3.50 commission per side; leverage 1:100, though the Instant Funding page advertises 1:50.

Who the trader is actually contracting with

Clause 1.1 of the terms names the counterparty as “Space Funded LLC, based in 2232 Dell Range Blvd Ste 242, Cheyenne, WY 82009, United States”. The same address is printed in the site footer as the registered address. The agreement’s effective date, “01/06/2024”, predates the domain’s WHOIS registration on 14 May 2025 by about eleven months.

Three things stand out. The firm is American but refuses American customers; the FAQ says it “does not accept traffic or registrations from the United States”. There is no governing-law clause: clause 9.4 invokes the “laws of Spain” and the “laws of The United States of America” for intellectual property, but neither governs the contract. And we could not confirm the LLC on the Wyoming Secretary of State register, which sits behind a human-verification wall; the firm publishes no filing number or formation date.

The trader dashboard loads code from Swiset, a white-label vendor used by several prop firms, with identity checks through Veriff. Swiset is a supplier, not an owner, and the terms name no parent. We have covered what Swiset’s own data says about challenge traders before.

The Canary Islands forum, and what it would cost to use

Clause 15.1 reads in full: “You acknowledge and agree that any controversy or claim arising out of or related to this Agreement, including any claim or controversy concerning interpretation of this Agreement or your use of this Services, will be settled by arbitration pursuant to the most recently effective commercial arbitration rules of high Court of Justice of Canary Islands.”

The Tribunal Superior de Justicia de Canarias is a court, not an arbitral institution. Under Article 8 of Spain’s Arbitration Act (Ley 60/2003), the civil and criminal chamber of a regional high court appoints and removes arbitrators when the parties cannot, hears actions to annul awards and recognises foreign awards. It supervises arbitration; it does not run it, and we found no arbitration rules issued by it.

In practice a trader with a denied payout would have to start an ad hoc arbitration in Spain with no named institution, no rules and no fee schedule, probably asking the Canarian court to appoint an arbitrator first, and pay Spanish counsel throughout. Clause 13.1 caps liability, where exclusions are barred, at “the amount that you paid to use the services or $1,000, whichever is less”, so the process can cost more than it recovers.

There is one possible escape hatch. Article 90 of Spain’s consumer protection code (Real Decreto Legislativo 1/2007) treats as abusive any clause imposing arbitration other than consumer arbitration. Whether a challenge buyer counts as a consumer, and whether Spanish consumer law reaches a Wyoming company, is untested.

What Trustpilot says, and what the contract says

Trustpilot has replaced the firm’s score with the line “This company’s rating is unavailable due to a breach of our guidelines”, under a warning that reads: “This company has been pressuring people to change or remove their negative reviews.” The unclaimed “Spacefundedhq” profile showed 46 reviews on 26 September 2026: 30 five-star and 7 one-star. Trustpilot does not show when the warning was applied (Trustpilot, Spacefundedhq).

Several five-star reviews do not describe trading at all; one praises “the feature of Trustpilot”. A one-star review from May 2026 says only “buing recenzes lol”. A reviewer named Ali, posting from Australia, updated a one-star review in May 2026 alleging the firm would release a refund only if he first deleted his Trustpilot and Reddit posts. We have not seen the correspondence.

The contract describes the same behaviour from the firm’s side. An unnumbered section headed “Misconduct and Social Media Policy”, placed after clause 22.1, says the company “maintains a strict policy against the dissemination of false information, misinformation, or unjustified negative advertising on social media or any public platform”. Anyone “found engaging in these activities will face immediate termination of their account and a permanent ban from using our platform”, and the firm “reserves the right to take appropriate legal action”.

“Unjustified” is undefined, and the firm decides what qualifies. The clause does not mention payouts, but the terms describe no payout route from a terminated account. Unlike the TopOneTrader anti-disparagement clause, which names platforms and survives the contract by two years, Space Funded’s wording is vaguer, but the penalty lands on the account itself.

Payouts: what is published and what could not be verified

A payout request needs KYC, the interval’s minimum trading days and no breaches. The account “will be temporarily disabled while our risk team reviews your activity”, and approved profit lands in an internal wallet for USDT withdrawal or new evaluations, “usually” within one to two business days.

Clause 4.5 provides for a review by “both the Company and the Broker” before any funded account is granted. Two one-star Trustpilot reviewers say the review happened much later. Claude Gregory, posting from Switzerland in July 2026, says he requested about $8,500 and that “The investigation was expanded retrospectively to the challenge phase”, after which the payout was denied and the account closed. Ali says a Phase 1 violation was cited only at payout, 1.5 months into funded trading. Both say they were offered a free challenge instead.

What we could not verify: Space Funded publishes no payout totals, no payout proofs, no audited figures and no minimum withdrawal amount. It names no broker, though clause 4.4 cites “the Brokers it uses”. The FAQ calls the platform “Platform 5” in one answer and MetaTrader 5 in another. Neither reviewer’s account could be independently confirmed.

The rules that void profits

• Two-minute hold: funded trades closed in under two minutes have their profit removed, EAs included.
• News window: no opening, closing or modifying orders within 5 minutes of high-impact news on funded accounts; FOMC events are “strictly prohibited”.
• Single-trade concentration: one trade should not carry more than “approximately 50%” of profit, or it “may be deducted in full”.
• Chargebacks: anyone who disputes a card payment is banned, and other active accounts showing profit “will be refunded”, meaning the fee comes back and the profit does not.

The firm’s own consistency numbers disagree. The Flash pages print a 25% cap; the FAQ lists “Consistency Score: 20%” and then explains 25%. Its worked example caps a $10,000 Flash profit’s best day at $2,000 (20%) and the 20% Instant Funding cap at $1,800 (18%). Compare how Equity Edge publishes its 15% cap.

Marketing versus contract

The Instant Funding page is headlined “Trade Our Capital from Day One”. Clause 11.3 says “All funds and profits within Space Funded’s platform are purely for simulation purposes”, and the FAQ confirms every account runs in a simulated environment. Clause 5.1 says passing traders will “be allocated capital to trade in a live account”. And against “fair rules”, clause 4.4 forces a retake for “Any trading style that we deem too risky”.

How Space Funded compares

Term	Space Funded 1 Phase Pro	FTMO 1-Step	TopOneTrader NOVA
Profit target	9%	10%	5%
Daily loss limit	5%	3%	3% (funded)
Maximum loss	10%, trailing peak equity	10%, end-of-day trailing	6% evaluation / 5% funded, trailing
Best-day cap	None published for this model	50% of positive days’ profit	20% ESS gate (funded)
Daily limit reset	00:00 UTC	00:00 CE(S)T	5pm EST

Sources: Space Funded One Phase Pro page; FTMO Trading Objectives, both checked 26 September 2026; TopOneTrader figures from our review published 15 August 2026.

Regulatory posture

Space Funded is not regulated by any financial authority; its terms say none of its services “can be considered investment services”, and every account is simulated. See also our reviews of FundedHive and Audacity Capital’s Trustpilot flag useful.

FAQ

Is Space Funded legit?

It publishes detailed rules and names a Wyoming LLC as counterparty, but discloses no payout data or broker, and Trustpilot has suspended its rating for pressuring reviewers. We could not confirm the LLC on the Wyoming register.

Can US traders use Space Funded?

No. The FAQ says the firm does not accept registrations from the United States, even though the contracting company is a Wyoming LLC.

Where would a payout dispute be heard?

Clause 15.1 sends disputes to arbitration under “commercial arbitration rules” of the Canary Islands high court. That court supervises arbitration under Spanish law but does not administer it, so a trader would likely face an ad hoc process in Spain with no fee schedule.

Can I post a negative review of Space Funded?

You can, but the terms say “unjustified negative advertising” on any public platform leads to immediate termination and a permanent ban. The firm decides what is unjustified, and the clause does not define it.

Featured image: Palacio de Justicia, Santa Cruz de Tenerife. Photo: Koppchen / Wikimedia Commons, CC BY 3.0.

This review is independent editorial analysis and is not financial, investment, or trading advice, and is not an endorsement or solicitation. The Industry Spread has no affiliate or referral relationship with the firms covered. Proprietary trading challenges carry a fee that is generally non-refundable, most participants do not reach a funded account, and funded capital is the firm’s capital, not the trader’s. Terms change frequently — always verify current rules directly with the firm before paying any fee.