Overall SquaredDirect is a trustworthy and low-risk broker with an overall rating of 7 out of 10. SquaredDirect is authorized and regulated by FSA SC and offers leverage up to 1:500.
SquaredDirect at a Glance
| 🔎 Broker's Name | SquaredDirect |
| 📍 Headquartered | Limassol and Cyprus |
| 📅 Year Founded | 2017 |
| ⚖️ Regulating Authorities | FSA SC |
| 🌐 Countries not accepted for trade | United States. Accounts, SquaredPro SquaredElite |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $ 500 / R 8 588,36 |
| 💳 Deposit Options | debit and credit cards, bank wires and E-Wallets. |
| 💳 Withdrawal Options | debit and credit cards, bank wires and E-Wallets. |
| 💻 Platform Types | MetaTrader4 (MT4) |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad |
| 📈 Tradable assets offered | forex, metals, indices and energies |
| 👨💼 Languages supported on Website | English, Spanish, Chinese, French, Italian, German, Arabic. |
| 👥 Customer Support Languages | English, Spanish, Chinese, French, Italian, German, Arabic. |
| 📆 Customer Service Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 500
Regulators
FSA SC, CySEC
Trading Platform
MT4
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
SquaredDirect Review – 21 key points quick overview:
- SquaredDirect at a Glance
- SquaredDirect Review – 21 key points quick overview:
- SquaredDirect Overview
- SquaredDirect Safety and Security
- SquaredDirect Leverage
- SquaredDirect Accounts
- SquaredDirect Market Instruments
- SquaredDirect Fees
- SquaredDirect Deposit and Withdrawal
- SquaredDirect Trading Platforms
- How to open a SquaredDirect account step by step
- SquaredDirect Customer Support
- SquaredDirect Education
- SquaredDirect Research
- SquaredDirect Awards
- SquaredDirect vs Etoro vs XM – Comparison Table
- SquaredDirect Customer Reviews
- SquaredDirect Pro and Cons
- Conclusion
- Disclaimer
- Frequently Asked Questions
SquaredDirect Overview
According to research in South Africa, SquaredDirect is a global investment company that offers a wide selection of financial products and services. These include some of the world’s most liquid CFD markets – forex, precious metals, international indices, and energies.
SquaredDirect was founded in 2017 and is owned and operated by SquaredFinancial (CY) Limited. Its headquarters are based in Limassol, Cyprus, and its services are offered in numerous countries across the globe.
SquaredDirect offers traders competitive trading opportunities, multiple account types, a great selection of research and educational tools, tight spreads as well as ultra-fast execution speeds, and technologically advanced systems.
The company builds relationships based on integrity, transparency, and trust. Its mission is to provide customers with a variety of efficient and personalized services. It values quality, adaptability, reliability, uniqueness, dedication, and excellence.
SquaredDirect Safety and Security
SquaredDirect is authorized and regulated by the Cyprus Securities and Exchange Commission (Licence Number: 329/17). CySEC is a member of the European Securities and Markets Authority (ESMA).
SquaredDirect holds a cross-border CySEC license. It complies with EU and local regulations such as the European Markets in Financial Instruments Directive II (MiFID II) and the Cyprus Investment Services and Activities and Regulated Markets Law of 2017 Law 87 (I)/2017.
As such, the company is authorized to offer a number of services, which include portfolio management, execution of orders on behalf of customers, dealing on own account as well as reception and transmission of orders.
The company is also licensed to offer ancillary services such as safekeeping and administration of financial instruments for customer accounts, granting loans or credits to financial instruments as well as foreign exchange services.
It is a member of the Investor Compensation Fund (ICF) Policy. This is a great assurance to traders as it protects eligible retail customers in the unlikely event that the company fails to honor its financial obligations.
It operates with high standards and works with reputable international banking institutions to ensure customer funds are kept safe.
As it is an authorized and regulated company, customers can rest assured that the broker adheres to the strictest regulations and protects customers while boosting market transparency, so that this company is safe to trade with and is not a scam.
SquaredDirect Leverage
As SquaredDirect follows ESMA regulations, leverage limits depend on customer categorization.
Gold Account – 1:100
Platinum Account – 1:100
Diamond Account – 1:500
Leverage ratios of up to 1:30 are offered to retail customers. Professional customers have access to higher leverage ratios if certain criteria are met. This enhances traders’ chances to maximize funds, but care should be taken as risks are also higher.
SquaredDirect Accounts
Customers trading with SquaredDirect can choose from 3 Live account types. These different account types will suit the needs of customers with different trading levels, styles, and financial situations.
Gold Account
The Gold account is ideal for beginner traders or those who prefer simple trading options. This account spares time as traders do not have to do extra calculations, and charges are contained within swaps and spreads.
Key benefits of the Gold account:
Base currencies: EUR and USD
Commissions: None
Spreads: From 1.2 pips
Minimum deposit: 100 EUR/USD
Contract size: 1 lot = 100 000
Minimum trade volume: 0.01
Maximum Volume per trade: 1 000
Trade size increment: 0.01
Hedging, swapping, and scalping
Automated trading
Margin call level: 100%
Stop out level: 50%
No hidden fees
No requotes
Almost instant market order execution
Market insight
Platinum Account
The Platinum account is the perfect choice for skilled and high-volume traders. This account offers traders access to all available instruments on offer with direct raw spreads trading.
Features and benefits of the Platinum account:
Base currencies: EUR and USD
Commissions: $6
Spreads: From 0.0 pips
Minimum deposit: 500 EUR/USD
Contract size: 1 lot = 100 000
Minimum trade volume: 0.01
Maximum Volume per trade: 1 000
Trade size increment: 0.01
Hedging, swap, ping, and scalping
Automated trading
Margin call level: 100%
Stop out level: 50%
No requotes
Almost instant market order execution
Market insight
Diamond Account
The Diamond account is designed for experienced and institutional customers. It offers commissions and spreads usually reserved for institutional to individual traders for high-volume trading on all available assets.
Features and benefits of the Diamond account:
Base currencies: EUR and USD
Fixed Low Commission: $25 per million USD
Spreads: From 0.0 pips
Minimum deposit: 20 000 EUR/USD
Contract size: 1 lot = 100 000
Minimum trade volume: 0.1
Maximum Volume per trade: 1 000
Trade size increment: 0.01
Hedging, swap, ping, and scalping
Automated trading
Margin call level: 100%
Stop out level: 50%
No requotes
Almost instant market order execution
Market insight
Demo Account
The company also offers a Demo trading account to inexperienced traders or beginners. This account provides the opportunity to trade in a risk-free, simulated market environment. A real trading experience can be created without actual losses.
Features and benefits include:
$50 000 in virtual funds
Access to comprehensive research, analysis, and economic calendars
Practice trading against real price movements in real-time
Access to weekly / daily updates and an up-to-date economic calendar
Free trading pack
Trading without the risk
Build confidence
The company also offers AutoTrade, a next-generation account mirroring service, also known as trade copy.
By using algorithmic trading robots (Expert Advisors) on the MetaTrader4 platform, it allows for the copying of trades from some of the most successful traders.
Some of the benefits of using AutoTrade include:
Monitor and trade numerous instruments at the same time
Decisions based on calculations allow for more efficient trading
Minimize losses with optimized systems
Automated trading on all online trading allows for more free time
Min Deposit
USD 500
Regulators
FSA SC, CySEC
Trading Platform
MT4
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
SquaredDirect Market Instruments
SquaredDirect offers customers 4 different asset classes – forex, metals, indices, and energies – and more than 60 trading instruments.
Benefits of forex and metals trading:
- Access to more than 40 tradable currency pairs
- Complete transparency throughout the entire market order process
- Trade 24 hours a day, 5 days a week
- Spreads and swaps from 0 pip
- Rising or falling prices allow bidirectional bidding
- Competitively low commissions
- Trade with leverage ratios for maximized profit potential
- Trade on the MetaTrader 4 platform
Benefits of index trading:
- Access to 7 of the largest global indices as CFDs
- Complete transparency throughout the entire market order process
- Direct access to global market indices
- Bidirectional bidding
- Trade on the MetaTrader 4 platform
- Portfolio hedging and diversification
- Tight spreads and swaps
- Low margin requirements
Benefits of energies trading:
- Direct access to commodity markets
- Access to 2 of the most liquid Energies in the world as CFDs
- Complete transparency throughout the entire market order process
- Low margin requirements
- Tight spreads and swaps
- Portfolio hedging
- Bidirectional bidding
- Trade on the MetaTrader 4 platform
Min Deposit
USD 500
Regulators
FSA SC, CySEC
Trading Platform
MT4
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
SquaredDirect Fees
SquaredDirect values transparency and customers can be assured that no unexpected or hidden fees will be charged. The company charges the following:
- Spreads (the difference between the sell and buy price) are applied to CFDs. These are presented in pips and reflect the cost of opening a position.
- Commissions fees are charged with respect to each financial instrument
- No financing fees are charged
- Swaps (interest added or deducted from the value of the position held) are charged for CFD positions held overnight
- A fixed swap fee is charged for indices and commodities for positions held overnight
- Currency conversion fees may apply when deposit currencies are different from the trading account currency. Wire transfers are accepted in EUR, GBP, and USD. Currency conversions are executed at current market prices. Additional conversion fees are charged to customers. 15 bps (0.15%) for amounts below or equivalent to 50 000 and 30 bps (0.30%) for amounts higher than 50 000
SquaredDirect Deposit and Withdrawal
SquaredDirect does not charge its customers any deposit and withdrawal fees, although banking fees may be charged with withdrawals.
Customers have a range of deposit and withdrawal options, which include debit and credit cards, bank wires, and E-Wallets.
Processing times of transactions vary. For debit and credit cards, transactions are processed within an hour. Bank transfers may take up to 2 or 3 business days and E-Wallet transfers are instant.
In the case of no transactions or trading activity for a period of two or more months, the company may charge a monthly inactivity fee on the trading account. Such fees are calculated according to the currency denomination of the account.
Credit and debit cards include:
Visa
Mastercard
Maestro
UnionPay
Alipay
Bank transfers include:
NatWest
Bank of Cyprus
E-Wallets include:
Skrill
Neteller
SquaredDirect Trading Platforms
The company provides MetaTrader4 (MT4) as a trading platform. This market-leading platform offers a range of benefits for both beginner and professional traders and is one of the most popular forex trading platforms in the world.
Traders have access to additional historical data for backtesting, as well as resources such as reviews, audits, and post-trade analysis, to make informed trading decisions.
Features and benefits include:
Tight spreads
Fully customizable and user friendly
Market-leading automated trading
Market execution, limit, and stop orders
Trading Signals through the MT Signal Service
Trade with forex, precious metals, energy as well as index CFDs
One-click trading
Multi-language interface
Free daily and weekly market reports and videos
Free indicators, FX tools, real-time multi charts, and tutorials
Full access to comprehensive market research
Specialist analysis and economic calendars
Available via Windows, macOS, Linux, Android, and iOS
How to open a SquaredDirect account step by step
Opening a demo account with SquaredDirect is a relatively simple process, which will consist of the following steps:
Step 1 – Open Your Account
Visit the SquaredDirect website, Click on “Register Now” on the bottom left-hand corner of the website
Step 2 – Fill out the form
The SquaredDirect review process of opening a new account is fully digital, hassle-free, and fast.
Potential traders can open a Live account by following 4 easy steps on the company’s website:
- Register for a Live account on the company’s website
- Upload the required verifications documents
- Login and fund the account
- Start trading
Min Deposit
USD 500
Regulators
FSA SC, CySEC
Trading Platform
MT4
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
SquaredDirect Customer Support
SquaredDirect offers world-class customer support through a dynamic team of professional individuals. Its dedicated support team is available 24 hours, 5 days a week.
Traders can find assistance via telephone, email, social media, and the live chat option on the company’s website.
SquaredDirect Education
SquaredDirect provides a multitude of educational resources. Squared Academy offers a detailed glossary to help traders understand online trading terminology. Video tutorials are a great “how to” guide, explaining basic forex trading tips and strategies.
Traders can find answers to the most frequent trading questions in the company’s FAQs and effective market trading techniques can be found in the company’s eBooks.
The free trading guides help traders properly educate themselves by explaining how to identify chart patterns, how to read the economic calendar, trading rules, etc.
SquaredDirect Research
With the company’s research tools, traders can make informed trading decisions with up-to-date market news, live prices, financial events, and the economic calendar.
Its blog discusses market-related topics such as technical analysis, highlights, and the latest market trends.
SquaredDirect Awards
Despite SquaredDirect’s dedicated customer support, variety of market instruments, and a good selection of account types, the company has not received any awards yet.
SquaredDirect vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇SquaredDirect | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $ 500 / R 8 588,36 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:500 | 1:400 | 1:888 |
| 💵 Currency Pairs | – | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
SquaredDirect Customer Reviews
Excellent broker!
Excellent broker! fast in deposits and withdrawals. focused on keeping clients satisfied and well taken care of. staff is friendly and trustworthy. research material to help traders is top-notch!
SquaredDirect Pro and Cons
| ✔️ Pros | ❌ Cons |
| 1. The company holds a cross-border CySEC license | 1. Only one trading platform is available |
| 2. High leverage | |
| 3. Tight spreads | |
| 4. Transparency regarding fees | |
| 5. Numerous research and educational tools are available | |
| 6. Segregated customer funds |
Conclusion
Overall, SquaredDirect is a trustworthy and reliable broker that provides traders with ample digital tools. SquaredDirect provides MetaTrader4 (MT4) as a trading platform. SquaredDirect is regulated by the FSA SC.
Disclaimer
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 56.82% of retail investor accounts lose money when trading CFDs with this broker, according to research in South Africa.
Frequently Asked Questions
Is SquaredDirect Broker a fake or a scam?
No, SquaredDirect is not a scam it is a trading brand and its previous name ProbusFX and SquaredFinancial owned and operated by Aspide Financial Limited
What are the advantages of trading with SquaredDirect Broker?
SquaredFinancial is a reliable broker with powerful technology and a trading platform.SquaredDirect offers traders competitive trading opportunities, multiple account types, and a great selection of research and educational tools.
Which trading platforms are supported by SquaredDirect Broker?
MetaTrader4 (MT4)
What type of broker is SquaredDirect Broker?
SquaredDirect is a True DMA/STP Brokerage Firm fully licensed and regulated by CySEC.
What is the overall rating for SquaredDirect Broker out of 10?
9/10
Top 4 Brokers
