SquaredDirect Broker Reviews and Full Information

Is SquaredFinancial a real company?

SquaredFinancial is a brand new name that was previously called SquaredDirect or perhaps the latest former. ProbusFX an Cyprus long-standing financial company that offers trading solutions that provide the highest level of assistance and training. SquareDirect provides access the ability to trade FX precious Metals CFDs on energy and Indices all backed by professional approach.

Furthermore, the broker selects its principalstay and primary strategy based on an tech-driven trading process, with no Dealing Desk intervention. This is why institutions grade liquidity provides ultra-fast and precise spread pricing along which is also low-latency, and market execution.

SquaredFinancial's Pros and Cons

SquaredFinancial is a dependable broker that has a powerful technology and a trading platform. There are different pricing models , and spreads are not too high. Customer support and education are excellent.

If you have a negative point There isn't 24/7 assistance, and the broker has changed its names multiple times.

SquaredDirect Website

10 Points Summary

Headquarters Cyprus
Regulation CySEC
Instruments FX Precious Metals and CFDs on Energies and Indices
Platforms MT4
Spread EUR/USD 1.1 pip
Demo Account It is a service that is offered
Base currencies EUR, USD
Minimum deposit 200$
Education Educational tools, market analysis
Customer Support 24/5

 

Is SquaredDirect secure or is it a scam?

Yes, SquaredDirect is not a fraud it's an actual trading brand, and its earlier name was ProbusFX and SquaredFinancial are owned and managed through Aspide Financial Limited based and is governed by law of Cyprus. Therefore, the business is registered and regulated through the Cypriot regional regulator CySEC. Because of its nature and its membership in the EU that is part of the EU, CySEC authorized companies offer high-end investment services to be in compliance with the regulations and also a cross-registration that is part of that of the EEA zone.

SquaredDirect License

The client regulation concentrates on client safety in a fair and equitable manner, SquaredDirect clearly provides committed support as well as the absolute security for every investor and security measures to ensure money handling.

This protects money segregation, which means that the business is unable to touch the client's money at any time, and also participate to the plans in the event of bankruptcy. Additionally the broker applied for protection against Negative Balance Protection which ensures that the trading accounts safe from losses that are greater than the balance at the beginning.

 

Leverage

As per the regulations and restrictions on permitted operation as well as the impose of authorized operation SquaredDirect broker established the level which were recently revised to conform with ESMA Regulation as a secure one.

  • So that the European CySEC permits the maximum 11:30 leverage that can be applied to Forex retail accounts, and even lower amounts for other instruments as well as professional traders who opt for higher leverage levels.

Generally speaking, leverage can provide an enormous increase in trading sizes, however it could increase the risk of loss, and as such requires careful application of the tool.

 

Types of accounts

SquaredFinancials provides three distinct types of accounts: Classic, Standard as well as Premium which are designed to meet the requirements of traders as well as needs in terms of experience.

Beginning traders are able to sign up to the no-risk Demo Account and later connect it with the Live account. Traders from the Muslim religion are accepted by SquaredDirect as well, and they are they can choose any type of account with the Swap-free option.

SquaredDirect Accounts

Fees

SquaredDirect fees and pricing based on the type of account that you select , and is either commission-based or spread-based. Check out the additional table of fees below.

 
Fees SquaredFinancial Fees IFC Markets Fees Alvexo Fees
Deposit Fee No No No
Fees for withdrawal No No No
Fee for Inactivity Yes Yes Yes
Fee position Low Average Average

Spreads

Spread breakdown of SquaredDirect for Classic Account look below for the prices will differ based on the account chosen and the trading costs will be incorporated in the low-tight spread that is offered with an average of EUR/USD 1.1 pip or even smaller spreads offered by interbanks, but with a fee per trade.

Similar to Standard Account as the most popular type of account. It has a one that is balanced in trading nature and a minimum deposit of $500 and spreads starting at 0.0 per cent with a commission of 4.5dollars per 100k of traded.

 
Asset SquaredFinancial Spread IFC Markets Spread Alvexo Spread
EUR USD Spread 1.1 Pips 1.2 pip 1.4 Pips
WTI Crude Oil Spread 3 6 4
Gold Spread 34 80 pip 35

Swaps

SquaredDirect Overnight fees also known as overnight financing is an additional expense or gain that you must be aware of. The fee for overnight funding is only applicable to positions described as a"long" one. For instance an example, a long-term position would cost -12.5 to buy or 5.5 for selling positions on the EUR/USD.

You can, for instance, look up and examine and compare SquaredDirect costs with another popular brokerage eToro.

SquaredDirect withdrawal

Deposits and withdrawals

The SquaredDirect clients can make simple and easy deposits or withdrawals with ease and security via access to the customer area.

The variety of deposit options include the most popular credit cards, bank wires and electronic payments. A further benefit is zero charge or fee on withdrawals or deposits.

Minimum Deposit

SquaredFinancial minimum deposit is 200dollars in this Classic Account opening, that is designed specifically for those who are just beginning the trading experience.

SquaredFinancial minimum deposit , compared to other brokers

  SquaredFinancial Many Other Brokers
Minimum Deposit $100 $500

Withdrawals

SquaredFinancial's withdrawal options include the most frequently used Bank Wire, Cards and certain e-wallets.

 

SquaredDirect platfrom

Trading Platforms

MetaTrader4 is known is an market top trading platform, and is the mainstay of SquaredDirect as well. The program has been praised among the many traders because it has an user-friendly interface and robust charts that allow you to design custom layouts and templates that can be customized to suit your personal design and workspace.

The platform provides a great option to trade any of the SquaredDirect licensed trading instruments that have top-rated capabilities as well as backtesting historical data, analysis and tools.

Additionally, MT4 is well-known for its robust automated functions and the ability to utilize Expert Advisors of one's option or create your own using the MQL4 as the language. Trading Signals provided through MetaTrader Signals Service The MetaTrader Signals Service will help and allow customers to remain current without the need for private viewing.

 

Mobile app

In addition, to ensure clients to make trading easier, the company added a mobile version that is compatible with all devices Android as well as iOS. This makes the broker's service more effective with the back-office reporting capabilities, statements, and the possibility of changes to current strategies.

Education

Beyond the technical aspects and the wide range of trading products, SquaredDirect offers an superior level of customer support and educational material. Anyone who joins the company can complete the training and is encouraged to take the course as the market information and knowledge could lead to success.

Additionally, traders can benefit from professional assistance through trading market analyses along with daily pivot points. Live Market News streaming directly to the platform and The Economical Calendars.

 

Conclusion

SquaredFinancial review concludes that it is strictly regulated Cyprus company which acts to act as an intermediary among liquidity providers and the traders. Overall the business's offering appears to be a good opportunity due to the support of traders is not limited via immediate access to trade international markets, but also comes with the chance to learn and practice trading by acquiring the right training and solid trading technology. But, the broker is changing its trading names frequently, which is a rather negative issue.

Summary
Properties Values
Name
SquaredDirect
Minimum Diposit
$ 200
Leverage
1:30
Regulation
,,
Headquarters
Cyprus
Established
2017
Address
205, Arch. Makarios Avenue, Victory House, 5th Floor, 3030, Limassol, Cyprus
Platform
,,
Payment Method
,,
Overview
Properties Values
Spreads
1.1 pip
Min Position size
0.01
Broker Type
,,
Account Type
,,
Brokers by Country
,,
Techniques
,,
Instruments
,,
Account currency
USD,,USD,,USD,
Tools
Charting Software,,,
Website Languages
,,
Support languages
,,
Bonus
Yes
Reviews Rating
3.5
Withdrawal Fee
Yes
Trading Signals
No
Free Education
Yes
Daily News
Yes
Demo account
Yes
Swapsr
Yes
Pors
1. SquaredFinancial is a dependable broker that has a powerful technology and a trading platform.
2. There are different pricing models , and spreads are not too high.
3. Customer support and education are excellent.
Cors
1. No 24/7 services, There is 24/5 services
Display Analysis
Yes
Serving country
,,
Not Serving country
CA,IR,IL,JP,KP,US,,,
Contests
Yes
Market analysis
Yes
Copy Trading Brokers
No
Bitcoin Forex Brokers
Yes
Social trading
Yes
Web trading
Yes
Forex pairs
Yes
CFDs
Yes
Crypto
Yes
Hedging
Yes
PAMM
,,
Mobile Trading
Yes
Scalping
No
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+357 22090227
Customer Support
24/5
Exness Broker reviews & comments (0)
Add a review

Your email address will not be published. Required fields are marked *