1. SquaredDirect Pros and Cons
  2. Is SquaredDirect safe or a scam?
  3. Leverage
  4. Fees
  5. Spread
  6. Deposits and Withdrawals
  7. Trading Platforms
  8. Conclusion

What is SquaredFinancial?

SquaredFinancial is a new name previously known as SquaredDirect or even latest ex. ProbusFX is a Cyprus-established financial investment firm (Read about other Cyprus-based broker TriumphFX by link) that provides trading solutions with the utmost support and education. SquareDirect accesses to trade FX, Precious Metals, CFDs on Energies and Indices always coupled with a Professional Approach.

Moreover, the broker chooses its mainstay and the main approach on a technology-driven trading process with No Dealing Desk Intervention. Therefore, institutional grade liquidity delivers ultra-fast, tight spread pricing with low latency and market execution.

SquaredFinancial Pros and Cons

SquaredFinancial is a reliable broker with powerful technology and trading platform, there are different pricing models and spreads are low. Education and customer support are good.

For negative points, there is no 24/7 support, also the broker changed the name several times.

SquaredFinancial - official website

10 Points Summary
🏢 HeadquartersCyprus
🗺️ RegulationCySEC
📉 InstrumentsFX, Precious Metals, CFDs on Energies and Indices
🖥 PlatformsMT4
💰 EUR/USD Spread1.1 pips
🎮 Demo AccountProvided
💰 Base currenciesEUR, USD
💳 Minimum deposit200$
📚 EducationEducational materials, market analysis
☎ Customer Support24/5

Is SquaredDirect safe or a scam

No, SquaredDirect is not a scam it is a trading brand and its previous name ProbusFX and SquaredFinancial owned and operated by Aspide Financial Limited based and governed by the laws of Cyprus. Thus, the company is fully registered and authorized by the local authority CySEC. Due to its nature and being a part of the EU, the CySEC registered companies deliver high-level investment services established in strict accordance with the set of rules and a cross-registration belonging to the EEA zone.

SquaredDirect License

As the client regulation requirement focuses on client safety and fair treatment, the SquaredDirect obviously delivers dedicated support along with unparalleled safety to every investor, with security procedures for money handling.

That covers money segregation, which means the company can’t touch the client’s funds at any time along with the participation in the schemes in case of insolvency. In addition, the broker applied for the Negative Balance Protection which keeps the trading accounts protected from the losses that exceed the initial balance.


Under the regulatory restrictions and impose of authorized operation, the SquaredDirect broker set the levels that were recently updated by the ESMA regulation as a safe one.

  • Therefore, the European CySEC allows enjoying a maximum of 1:30 leverage applied to Forex retail accounts and even lower levels towards other instruments, while professional traders may apply for the higher levels.

Generally speaking, leverage offers a significant multiplication of particular trading sizes, yet may impose higher risks to face losses as a consequence requires smart use of a tool.

Account types

SquaredFinancials offers 3 different account types SquaredPro, Specs, and SquaredElite that are suited to the traders’ needs and experience requirements.

The traders at the beginning can sign-up for a risk-free Demo account and further on transfer it to the Live account. The traders of the Muslim belief are welcomed at the SquaredDirect also, while able to choose any account type with a Swap-free feature.

SquaredFinancials - Account types


SquaredDirect fees and pricing depend on the account type you select and are either commission or spread based. See the additional fee table below.

FeesSquaredFinancial FeesIFC Markets FeesAlvexo Fees
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingLowAverageAverage


SquaredDirect spread breakdown for a Classic Account see below, the costs depending on the chosen account, the trading costs would be included into the low-tight spread offering with an average for EUR/USD 1.1 pips or represent even lower spread provided by interbank, but with a commission per trade.

Alike Standard Account as the most used account type, balanced trading nature with the minimum deposit of 500$ while spreads are starting from 0.0 pips with the commission of 4.5$ per 100k traded.

AssetSquaredFinancial SpreadIFC Markets SpreadAlvexo Spread
EUR USD Spread1.1 pips1.2 pips1.4 pips
WTI Crude Oil Spread364
Gold Spread3480 pips35


SquaredDirect Overnight fee or overnight funding is another cost or gain you should take into consideration. Generally, the overnight fee is applicable to those positions that are referred to as a long one. As an example, a long position will cost -12.5 for buying or 5.5 for selling position on EUR/USD pair.

For instance, you can check out and compare SquaredDirect fees to another popular broker BDSwiss.

Deposits and Withdrawals

The SquaredDirect clients are able to perform simple and straightforward deposits or withdrawals that are performed with security and convenience through the client area.

The range of depositing options includes most common credit cards, bank wire, and e-payments, while another bonus is a 0% fee or commissions on deposits or withdrawals.

Minimum Deposit

SquaredFinancial minimum deposit is 200$ for the Classic Account opening, which is specifically designed for traders who just started their trading experience.

SquaredFinancial minimum deposit vs other brokers

SquaredFinancial Most Other Brokers
Minimum Deposit $100 $500


SquaredFinancial withdrawal options include most used Bank Wire, Cards and some e-wallets.

SquaredDirect withdrawal

Trading Platforms

MetaTrader4 is a market-leading trading platform and is a mainstay of SquaredDirect also. The software gained the trust of the millions of traders, as features easy to use interface and powerful charts with the possibility to create custom layouts and templates to enhance their own style and workspace.

The platform is an effective choice to trade all ranges of SquaredDirect authorized trading instruments with highly rated capabilities along with backtesting, historical data, and analysis tools.

Also, the MT4 is known for its powerful automated functions with the availability to use the Expert Advisors of the choice or to create their own one with MQL4 language. Trading Signals through the MetaTrader Signals Service will help and enable customers to stay up-to-date with no need for personal constant viewing.

SquaredDirect platfrom

Mobile app

Moreover, for the traders’ convenience, the company included also a mobile version suited to any device Android or iOS. All in all makes a broker’s offering even more powerful through the back-office reporting functions, statements, and further planning through an adjustment to the existing strategies.


Apart from the technical part and the range of trading products, SquaredDirect offers an advanced level of customer support along with the prepared educational materials. Any client signing in with the company is able to pass the education and is advised to do so since the market data and the knowledge will lead to potential success.

In addition, traders may count on professional support by the market analysis and daily pivot points, Live Market News streaming directly to the platform along with the Economical Calendars.


SquaredFinancial review concludes that a strictly regulated Cyprus company acts as an intermediary between the traders and Liquidity providers. Overall, the company offers seems to be an attractive opportunity, as the support of traders is performed not only by the direct access to trade global markets but comes with the opportunity to learn and experience trading through the right education and robust trading technologies. However, the broker changes its trading names quite often which is rather a negative point.

SquaredFinancial Updates

Recently SquaredFinancial website remains inactive and unavailable to reach, meaning the broker mutes its trading offering and does not propose account openings. We recommend to make your own research in case you see receive an offering about trading. Scam brokers often use ex-names of regulated brokers to attract clients.

No news available.

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