On-line since: About the company: Squared Pro, founded in 2005, is an independent broker with a wide range of financial services. Company’s headquarter is located in the center of Dublin. Squared Pro is directly regulated by the Central Bank of Ireland (CBI). Initially, the broker entered the market with its own trading platform Squared Trader. Eventually, it allowed its customers to trade on MT4 and MT5 trading platforms. Products and services: currency pairs — 54; indexes — 7; CFD — 3; energy futures — 2 Security of funds: Customers’ assets are well protected and stored in the largest banks of Ireland and the UK. Clients’ and company’s accounts are segregated. Accounts and currencies: Clients can choose among major account currencies — USD, EUR, GBR, CHF, AUD. The broker offers only one account type. Minimum deposit The minimum deposit is $5,000. Remarkably, this is a very high entry threshold. A demo account is available. Spreads and commissions Spreads start from 0.3 pips. The margin deposit is 1%. Leverage The maximum leverage is 1:200. Trading platforms Squared Pro offers customers to trade on its own trading platform Squared Trader. According to developers, Squared Trader carries out efficient execution of orders, providing its users with an opportunity to manage their deals at any time. Squared Trader ensures deep liquidity, tight pricing and superior execution with no requotes for all major and minor currency pairs. MetaTrader4. The platform is a leader of automated trading, available on PC and smartphones. MetaTrader5. Powerful multi-asset trading platform widely used on foreign exchange markets. MT5 was developed from scratch to provide high frequency and low latency trading. The platform has a very similar trading interface with the popular platform MT4 which makes transition to MT5 very easy. FIX API or Financial Information Exchange is a communication protocol, designed specifically for financial markets in order to exchange large information flows as quickly as possible. Custom service The custom service is available 24/7, Monday to Friday. You may contact the customer service via telephone number, email or online chat. Trader reviews The company has been in the market for a long time, but there are not so many reviews about it. Some of them are positive though not specific comments. Negative reviews, on the contrary, include clients’ personal data, order numbers and amounts of money. It is important to pay attention to complaints about quotes manipulations. For example, the broker has increased the spread for no apparent reason. Advantages:
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My forex trading experience is much better with Squared Pro broker in PAMM accounts. Really I have trusted their expert traders and I haven't lost money so far. Also, I have seen they have the best pricing quote and fast execution on the MT4 platform. So I didn’t get any re-quotes or slippage too. I have followed their two expert’s PAMM trader's accounts and they give me a $150 profit last month. Besides My payment are always within a day via a Skrill account, which is the sign of a professional broker and I am comfortable with Squared Pro broker.
I won't recommend this broker to anyone. I've lost there a lot of money. They are not doing anything and they seem to be not interested, besides saying it's all the client's fault. Last week, I've lost $455 in single trade due to slow executions on the platform and hung for almost a minute. I've sent a report regarding that problem, but they are ignoring me. My advice, avoid this broker. They are an irresponsible broker, not professional.
For me Squared Pro is the broker is really dependable and good with many advantages. Their execution is outstanding and spreads are consistently low. I have made several withdrawals through Visa card. I haven`t had any troubles with them so far.
The reason I invested at Squared Pro is that they are regulated. It made me feel secured that my funds will always be safe. But I guess. regulation does not guarantee quality services. Although there is a segregated account for our funds, the platform and spreads of this broker are not favorable at all to clients. Thus, I never had any decent trading activity with this broker.
I had an account with Squared Pro for four months, at first I could see their spreads seemed to be very competitive, only 3 pips on EUR/USD, and spreads for USD pairs were not that high, soon, I discovered that their execution is delay, taking more than 4 seconds to process. Also I could see that their platform performance is slow, and I had many losses because of it adding slippages to the list. So I decided to stop trading with them,and never trust to tabe with them
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