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On-line since: 2005
Country of origin: Ireland
Regulation: Central Bank of Ireland (CBI).
Payment options: Visa and Mastercard, Skrill and Neteller, International bank transfer
Minimum account size: 5000$ (or its equivalent in other currencies)
Minimum lot size: 0.01\1,000 lot
Leverage: up to 1:200
Spreads: floating

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:

• wide range of investment instruments;
• DEMO account;
• PAMM accounts.

Disadvantages:

• high entry threshold