SQUAREDPRO

About company:

Squared Pro was founded in 2005 and is an independent broker that provides a wide range of financial services. The company is headquartered in the heart of Dublin and is directly regulated by the Central Bank of Ireland (CBI). Squared Pro initially launched its own Squared Trader platform, then provided clients with the ability to work on the MT4 and MT5 platforms.

 

Products and services:

currency pairs - 54;

 

indices - 7;

 

CFD - 3;

 

energy carriers - 2

 

Asset security:

The assets of the company's clients are reliably protected and stored in the largest banks in Ireland and the UK. Client accounts and company accounts are segregated.

 

Accounts and currencies:

The client can choose among the basic account currencies - USD, EUR, GBR, CHF, AUD. Account type - one.

 

Minimum deposit

The deposit starts from $ 5000. It should be noted that this is a very high entry threshold. It is possible to open a DEMO account.

 

Spreads and commissions

Spreads start at 0.3 pips. Deposit margin - 1%

 

Leverage

Leverage is set to 1: 200.

 

Trading platforms

Squared Pro offers its clients to use their own Squared Trader trading platform. According to the developers, Squared Trader provides efficient order processing and position management at all times, low rejection rates, low latency and no re-quotes for all major and minor currency pairs.

 

MetaTrader4. Market leader in automated trading, available on PCs and smartphones.

 

MetaTrader5. Powerful multi-asset trading platform for global markets. MT5 is designed from the ground up for high frequency trading and low latency trading. The platform has a very similar trading interface to the popular MT4 platform, making the transition to MT5 very easy.

 

FIX API or Financial Information Exchange protocol - financial information exchange. This protocol was specially designed for financial markets to transfer large amounts of information as quickly as possible.

 

Support service

The support service works from Monday to Friday around the clock. Support can be contacted by phone, email, or live chat.

 

Reviews of traders

The broker is not very well known in the Russian-speaking segment of the market, and despite the considerable age of the company, there are not many reviews about it. Among them there are positive ones, but, as a rule, such comments do not contain specifics. On the contrary, negative reviews are supported by clients with personal data, order numbers and amounts. It is worth paying attention to complaints about price manipulation. For example, without the need of the market, for no reason, the broker increased the spread on a currency pair.

 

Pros:

 

a wide range of investment instruments; the ability to open a DEMO account; PAMM accounts.

 

Minuses:

 

high entry threshold