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.
Based on our readers-first policy, putting their safety as a priority in our business line, we, as AtoZ Markets, scrutinize not only the broad headline with which a brokerage platform identifies itself, but even the smallest details about it. This comes from our belief in values in the first place, and the must-have truth and transparency in what we publish on our website, en route of keeping the trust our readers put in us, which of course has contributed much to our name and stands behind its continuous ascendance. For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation, when it comes to presenting our audience an overview about a brokerage firm. In this review, we host the SquaredDirect brokerage firm, which provides Forex and CFD’s trading to new and experienced traders.
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 their success as its “primary concern” as the slogan says, provides Direct Market Access at close to instant order execution speeds and Live-Market Prices, which 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 international reputable banks.
- It provides secure and compliant client portal with online card payments.
- It is equipped with global backup servers for high availability.
SquaredDirect depends on the well-known MT4 platform, being effective, user-friendly and flexible, with back-office reporting functions, statements, and access provision 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 are able to create custom layouts and templates for their own trading workspace and style.
On the aforementioned forex trading platform, SquaredDirect gives its clients the opportunity to trade forex, precious metals, index CFDs, and energy.
The forex broker supports 5 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
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 of its strict regulation line, which means it never issued a license to firms now showing commitment in the market, and furthermore, follows those firms which hold its license and inspect if they comply with its guidelines or not.
Yet, SquaredDirect’s record with the regulator is purely white with no legal issues.
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,