SquaredDirect is a True DMA/STP Brokerage Firm acting strictly as an intermediary between clients and top-tier Liquidity Providers such as Internationally reputable banks and other globally acclaimed financial institutions providing investment services and solutions to retail clients. The Forex brokerage firm was established in 2017, by founders Youssef Barakat and Walid Abousleiman, SquaredDirect formerly (ProbusFX), is located in Limassol, Cyprus. Also, Squared Financial (CY) Limited trading as SquaredDirect is regulated by CYSEC. Is SquaredDirect a reliable Forex broker, or is it a scam broker? Find out more with AtoZ Markets Forex broker review of SquaredDirect.
At AtoZMarkets.com, we have a readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly!
For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography, and reputation. The very same standards apply in the case of this SquaredDirect broker review. Please see the following article on how we conduct our broker reviews.
SquaredDirect is a True DMA/STP forex brokerage firm that is fully licensed and regulated by CySEC.
The firm is looked at in the market as a dedicated forex broker with a reputation. That speaks of the company’s honor and relationship with its clients.
SquaredDirect, focusing on the trader and making its success as its “primary concern,” as the slogan says. It provides Direct Market Access at close to instant order execution speeds and Live-Market Prices. That means it is capable of delivering fast market order execution.
Full transparency in all processes and 100% DMA-STP is a pledge SquaredDirect has given, which translates into no conflict of interests between the broker and the clients.
SquaredDirect prides itself on having seven pillars in its business line, that makes it an ideal broker that attracts traders to deal with:
- It keeps all clients’ funds in segregated bank accounts.
- It's processing on withdrawals and deposits is fast.
- It only deals with reputable international banks.
- It provides a secure and compliant client portal with online card payments.
- It is equipped with global backup servers for high availability.
SquaredDirect is a licensed by CySEC, which means it is safe to trade. Yet, SquaredDirect’s record with the regulator is purely white with no legal issues.
SquaredDirect depends on the well-known MT4 platform, being effective, user-friendly, and flexible, with back-office reporting functions, statements, and access provided to all the essential tools and resources needed for post-trade analysis, audits, and reviews.
MT4 has always been noted for its ease in usage and user-friendly interface, where traders can create custom layouts and templates for their trading workspace and style.
As mentioned above, the forex trading platform, SquaredDirect, allows its clients to trade forex, precious metals, index CFDs, and energy.
The forex broker supports five flavors of the application: Windows, macOS, Linux, in addition to the mobile version for both iOS and Android.
Forex broker SquaredDirect provides three types of accounts for its clients: classic account, standard account, and premium account.
The classic account details as the following:
- Commission (FX): All in Spread
- Average Spread (EURUSD): 1.1 pip
- Minimum First Deposit: 200 USD/EUR
- Instruments Available: FX, METALS
The standard account comes with:
- Commission (FX): Commission 4,5 EUR or USD per 100K traded
- Average Spread (EURUSD): Raw Spreads starting from 0 pips
- Minimum First Deposit: 500 USD/EUR
- Instruments Available: Forex, Metals, Indices, Energies
The premium account comes in the following form:
- Commission (FX): Commission as low as 1,8 EUR or USD per 100K traded
- Average Spread (EURUSD): Spreads starting from 0 pips
- Minimum First Deposit: 10,000 USD/EUR
- Instruments Available: Forex, Metals, Indices, Energies
Cryptocurrency is not available to trade or as a payment method.
The average spreads for the classic account in EURUSD 1.1 pips with no commission. Whereas, for the premium and standard account, the spreads are even tighter, with the minimum spread being 0 pips. In standard and premium account commission range 1.8 to 4.5 EUR or USD per 100K traded.
The broker offers four channels for getting in touch with its clients: via telephone, email, on its Facebook page, on their webpage itself in the messaging platform, and directly on their website through their built-in messaging app.
With the social media being almost the most popular websites today where people interact and socialize with each other, and even read news from different kinds, SquaredDirect starts its chat with its customer with a hint that they would usually get an answer within an hour, and in addition to the aforementioned means, the broker posts its physical location, with its postal code on its website. The latter provides as well in the help center, a gentle feature that offers clients to simply place a request for calling them, and the support team will not be late doing that.
The reviews we have had so far at AtoZ Markets show positive signals which refer to that SquaredDirect seems to have chosen its customer support staff with extra care. The chic method of dealing with their clients and the beyond-courteous responses they reply with make the clients feel home and welcome.
The team well-equipped with solid knowledge in the Forex market, and is sophisticated in how they approach the issue, and their timely-manner solution provision has proven them to be a team the company has the right to take pride of having on board.
SquaredDirect is officially authorized by the Cyprus Securities and Exchange Commission (CySEC), with license number: 329/17. The regulator mentioned is known for its strict regulation line, which means it never issued a license to firms now showing commitment in the market, and follows those firms which hold its license and inspect if they comply with its guidelines or not.
The survey AtoZ Market carried out into SquaredDirect, which included reaching out to a considerable number of the broker’s customers, shows a noticeable level of satisfaction in their relationship with SquaredDirect. Hence, we, at AtoZ Markets, can recommend this Forex brokerage firm with a brave heart to anyone who whishes to trade with Forex,