Our Reviews of SquaredDirect Broker

Our Reviews of SquaredDirect Broker

11.06.2022 0 By admin

SquaredDirect is a new brokerage offering cryptocurrencies and cryptocurrency trading. However, it doesn’t offer an impressive selection of assets. Currently, the broker offers four asset categories: Forex, Energy assets, Precious metals, and Indexes. In addition to cryptocurrencies, the broker offers 41 forex pairs, including several Scandinavian currencies.

SquaredFinancials

There are many advantages of trading on the internet, and one of the most attractive features is the option to leverage up to 1:100. This allows the trader to control an amount of up to fifty thousand USD with a small amount of capital. However, traders should be aware of the risks involved. Leverage is not suitable for all traders. SquaredDirect follows the regulations set by ESMA and limits its leverage accordingly.

This broker is not very well-known and lacks reviews from members of the public. However, it does offer competitive trading opportunities and multiple account types. It also has an extensive collection of educational and research tools. Another important aspect is its license from CySEC. Whether or not this is a good thing is not yet known.

SquaredFinancial is a brokerage brand consisting of three subsets – SquaredFinTech (for the platform), SquaredResearch (for the back office), and SquaredDirect (for the DMA/STP trading). The brokerage was founded by the people who founded ProbusFX. It is a relatively new broker, but it boasts a CySEC license, competitive trading conditions, and good transparency.

SquaredDirect offers three account types, each with a different minimum deposit and commission rate. It also offers a mobile version and back office reporting functions. Deposits and withdrawals are easy and safe. Moreover, users can make use of their account via credit card, e-wallet, or bank wire.

SquaredDirect has an attractive website with a good structure and navigation. In addition, it features a good selection of educational and research tools. It also adheres to strict rules and regulations to ensure safe trading. Moreover, the broker is a member of the Investor Compensation Fund (ICF) policy, which protects eligible retail clients. Finally, the broker offers a strong customer support system. Through its dynamic team, it is able to provide quality assistance to all traders.

One of the major selling points of SquaredFinancial is its low share trading commission structure. However, it needs to lower the price per share. Another positive feature is the lack of deposit, withdrawal, and inactivity fees. While the company’s focus is on stock trading, the service also offers CFDs on major indices and EUR/USD.

SquaredDirect’s trading platform also offers leverage for its retail customers. Traders can access leverage ratios up to 1:30. Higher leverage, however, increases the risks involved. There are also different types of accounts for different financial circumstances and trading styles. The Gold account is a good option for beginners. Its low spreads and time-saving features make it ideal for beginners.

SquaredDirect also offers MetaTrader4, the market-leading buying and selling platform. Its ease of use and powerful charts have earned it the trust of millions of traders. The platform also offers backtesting and evaluation tools. The platform also allows users to use E-Wallets for deposit and withdrawal.

A SquaredDirect review will help you make an informed decision regarding the service’s reputation and performance. It’s also worth noting that it sticks to the micro-lot trading volume size across all accounts. The company also supports stop-level trading, which means traders can set a range of points around a particular asset price. In addition, it provides easy and quick access to the world’s most liquid CFD markets.

SquaredDirect is a legitimate foreign exchange company with headquarters in Limassol, Cyprus. Its owner, SquaredFinancial (CY) Limited, launched the company in 2017. Since it has been around since 2017, it has established itself as a reputable brokerage firm. It offers a competitive trading environment and dedicated customer service. It also offers various types of foreign exchange accounts that allow clients to hold a variety of currencies.

SquaredDirect

SquaredDirect offers traders a range of trading products and services to meet all their trading needs. The company adheres to strict standards regarding customer safety and the safeguarding of client funds. Its members are covered under the Investor Compensation Fund (ICF) Policy, which helps to ensure the financial stability of retail investors. The company provides quality customer support through a dynamic team of professionals.

The SquaredDirect platform is built on the market-leading MetaTrader4. It has earned the trust of millions of traders worldwide. It offers a user-friendly interface and powerful charts. Additionally, it lets users customize workspaces. This trading platform also offers backtesting, historical data, and analysis tools.

In addition to offering low-cost trading, SquaredDirect offers fast withdrawals. The company pays out funds within five business days. However, clients must ensure that the account they use is the same as the one they use to deposit. Moreover, it must belong to the client and be fully verified. The minimum deposit amount is $200. In addition, the company does not offer any usual bonuses or promotions.

SquaredDirect is a Cyprus-based financial services provider. It received its CySEC license in 2017 and is currently partnered with Squared Financial Services Limited and SquaredPro to create the Squared Financial Group. As a result, the company’s legal name was changed from Aspide Financial Limited to Squared Financial (CY) Limited. Further, the company also maintains a license to provide services in certain countries outside the EU.

The SquaredDirect platform provides a risk-free Demo account as well as Swap-free account type. The fees depend on the account type, and are either spread-based or commission-based. In the case of the Classic Account, the spread on EUR/USD is 1.1 pips, which is lower than the average interbank spread. Traders can use this account for fast-paced strategies and to minimize trading costs.

In addition to the features of the SquaredDirect platform, traders should also look for the broker’s trading fees. While most platforms charge a flat fee per transaction, some offer a free demo account. They also offer a Swap-free account and Muslim merchants. SquaredDirect Broker reviews show that these features are essential for the successful operation of an online brokerage. However, traders should consider their needs and risks before deciding on a SquaredDirect account.

Trading instruments and fees are modest, but they allow traders to make unlimited use of EAs and trading techniques. MT4 brokers also do not charge any fees for two raw spread accounts. Hopefully, they will eventually add cryptocurrencies and other assets to their product portfolios. Currently, several vacancies are open.

In addition to DMA/STP trading, SquaredDirect also provides trading solutions, education, and a professional approach. This broker was founded by the same people who founded ProbusFX. They offer low spreads, educational resources, and a high quality customer support team. And they also have the CySEC license for their services.

Withdrawals and deposits are easy and straight forward. Clients can deposit funds via e-payments, bank wire, and credit cards. In addition, SquaredDirect does not charge clients fees for deposits or withdrawals. The minimum deposit for a Classic Account is $200. The company offers the most commonly used bank wire and credit cards.