1. Is SquaredDirect safe or a scam?
  2. Trading Platforms
  3. Accounts
  4. Spread and overnight fee
  5. Leverage
  6. Deposits and Withdrawals with a specification of minimum deposit and withdrawal fee
  7. Conclusion

What is SquaredDirect?

SquaredDirect or ex. ProbusFX is a Cyprus established financial investment firm 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.


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.

SquaredDirect 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?

SquaredDirect trading brand and its previous name ProbusFX is 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 the client safety and fair treatment, the SquaredDirect obviously delivers dedicated support along with the unparalleled safety to every investor, with security procedures for money handling.

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

Trading Platforms

MetaTrader4 as a market leading trading platform and is a mainstay of the SquaredDirect also. The software gained its trust by the millions of traders, as features easy to use interface and powerful charts with a possibility to create custom layouts and template to enhance 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 availability to use the Expert Advisors of the choice or to create the 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

Moreover, for the traders’ convenience, the company included also the mobile version suited to any device Android or iOS. Which 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.


SquaredDirect as a client-focused broker putting the client’s needs first and offers different Account Types that are specifically designed to cover the most demanding traders. The company offers 3 different account types Classic, Standard and Premium Account that is suited to the traders’ needs and experience requirements.

Moreover, the traders at the beginning can sign-up for a risk-free Demo account and further on to 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.

SquaredDirect Accounts


For better understanding check out the SquaredDirect spread breakdown for a Classic Account. However, 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.

Asset/ Pair SquaredDirect Fee Terms
Crude Oil WTI 3
Gold 34

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 be 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 eToro.


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.

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 0% fee or commissions on deposits or withdrawals.


SquaredDirect withdrawal


Another pleasing feature is a quite low minimum deposit, which is starting from 200$ initial deposit for the Classic Account opening, that is specifically designed for traders who just started their trading experience.


SquaredDirect review concludes the strictly regulated Cyprus company that acts as an intermediary between the traders and Liquidity providers.

Overall, the company offering seems to be an attractive opportunity, as the support of traders 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 the robust trading technologies.

Together with the range of account types designed for the traders of different level and size allows investors to join with ease and convenience.

The professional approach of the broker is also highly regarded by the traders of various experience along with the ultra-fast execution of the orders, powerful connection while all priced at the competitive trading conditions.

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