SquaredDirect Review: Rating, Spreads, Bonuses & Safety
Key Facts: SquaredDirect at a Glance
| Regulation | Regulated by CySEC under license No. 329/17 |
|---|---|
| Headquarters | Kedrou 9, Mesa Geitonia, 4004, Limassol, Cyprus |
| Country of origin | Cyprus |
| Broker type | STP/ECN |
| Minimum deposit | $200 |
| Maximum leverage | 1:300 |
| Spread from | 0.0 Pips |
| Platforms | MetaTrader 4, MetaTrader 5, WebTrader, Mobile Trading |
| Payment methods | Credit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, etc. |
| Official website | squaredfinancial.com/ ↗ |
SquaredDirect is a Cyprus-based forex broker that has served traders since. This squareddirect review looks at its regulation, accounts, platforms, costs and bonuses. We use only the facts we have on file, so you can judge the broker clearly before you open an account.
SquaredDirect Review: Quick Overview
SquaredDirect is run from Limassol, Cyprus. The broker works as an STP/ECN broker, which means it routes client orders to liquidity providers instead of trading against clients. It supports MetaTrader 4, MetaTrader 5, a web platform and mobile trading.
Our rating for the broker is 4.0 out of 5. The table below sums up the key facts.
| Feature | Details |
|---|---|
| Broker name | SquaredDirect |
| Established | |
| Country | Cyprus |
| Regulation | CySEC, licence No. 329/17 |
| Broker type | STP/ECN |
| Minimum deposit | 200 |
| Maximum leverage | 1:300 |
| Minimum spreads | From 0.0 pips |
| Base currencies | USD, EUR |
| Platforms | MT4, MT5, WebTrader, mobile |
| Demo account | Yes |
| Website language | English |
Is SquaredDirect Regulated and Safe?
SquaredDirect is regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence No. 329/17. CySEC is an EU regulator, so firms it licenses must follow European rules on client protection and reporting. You can check any licence on the official CySEC website.
The broker also keeps client money in segregated accounts. This means your funds are held apart from the company's own money. It is a basic safety step, but it does not remove trading risk.
No broker can promise that you will not lose money. Leveraged trading can cause losses larger than you expect. Always confirm the current licence status and legal entity on the broker's site before you deposit.
SquaredDirect Account Types and Minimum Deposit
The minimum deposit is 200. The brief does not state the currency of that figure, so check it on the official site before you fund your account. Base currencies for accounts are USD and EUR.
The broker offers several account options. These include:
- Mini accounts for traders who want to start with smaller position sizes.
- VIP accounts for larger or more active clients.
- Islamic (swap-free) accounts for traders who cannot pay or earn overnight interest.
- Free demo accounts for practice with virtual money.
Managed accounts are not available. If you want someone else to trade for you, you will need to look elsewhere. Our list of the best forex brokers can help you compare other options.
Why use a demo account first?
A demo account lets you test the platform and your strategy without risk. You learn how orders, stops and spreads work. Many traders practise for several weeks before they trade with real money.
Platforms and Trading Conditions
SquaredDirect gives you the two most popular retail platforms. MetaTrader 4 is known for its simplicity and large range of tools. MetaTrader 5 adds more features and more analysis options.
You can also trade in your browser with WebTrader. Mobile trading lets you watch the market and place orders from your phone. This makes squareddirect flexible for traders who move between devices.
Spreads, leverage and trading styles
The minimum spread is listed as 0.0 pips. Spreads that low usually come with other costs, such as commission, and the brief does not give those details. Check the full cost table before you trade.
Maximum leverage is 1:300. High leverage can magnify both gains and losses. Beginners should use much lower leverage than the maximum.
The broker allows hedging, scalping and news trading. These are useful for active traders who use short-term or event-based strategies. Execution quality can vary with market conditions, so test it on a demo account first.
Deposits, Withdrawals and Bonuses at SquaredDirect
You can fund your account by credit or debit card, Neteller, Skrill, WebMoney or bank wire transfer. Other methods may also be available. Withdrawals use the same type of methods.
Fees, limits and processing times are not listed in our data. Read the payment terms on the official site before you send money. As a general rule, withdraw to the same method you used to deposit.
Bonus offers
The broker offers a welcome bonus and other promotions. It does not offer a no deposit bonus. Bonus amounts, conditions and dates can change, so we do not list them here.
Always read the bonus terms before you accept one. Look for trading volume rules and withdrawal limits. If you want a bonus without funding an account, see our page on the forex no deposit bonus offers from other brokers.
Pros and Cons of SquaredDirect
Every broker has strengths and weaknesses. Here is a balanced view based on the data we have.
| Pros | Cons |
|---|---|
| Regulated by CySEC (licence No. 329/17) | No no deposit bonus |
| Segregated client accounts | No managed accounts |
| MT4, MT5, web and mobile trading | Website available only in English |
| Spreads from 0.0 pips | Minimum deposit of 200 is higher than some rivals |
| Islamic, mini and VIP accounts | Full fee details need checking on the site |
| Hedging, scalping and news trading allowed | High leverage raises risk for beginners |
Who Should Use SquaredDirect?
SquaredDirect suits traders who want a regulated EU broker with MetaTrader platforms. It can fit scalpers, news traders and those who need a swap-free account. Traders who want a very low entry cost may prefer a broker with a smaller minimum deposit.
Your location matters too. Rules differ by country, and a broker may not accept clients from every region. If you are comparing brokers for your country, see our guides to the best forex brokers in the UK and the best forex brokers in Australia.
New traders can learn the basics in the BabyPips forex school. Learn how pips, leverage and margin work before you trade live.
Final Verdict: Is SquaredDirect Worth Trying?
SquaredDirect offers CySEC regulation, segregated funds, MT4 and MT5, and flexible account types. The 0.0 pip spreads and 1:300 leverage will appeal to active traders. The 200 minimum deposit and the lack of a no deposit bonus may put some beginners off.
Forex and CFD trading carries a high risk of loss, so only trade money you can afford to lose. You can reach the broker by phone at +357 25260333, by email at support@squareddirect.com, or at Kedrou 9, Mesa Geitonia, 4004, Limassol, Cyprus. When you are ready, open a free demo on the official SquaredDirect website and test the platform first.
Frequently Asked Questions
Is SquaredDirect regulated?
Yes. SquaredDirect is regulated by CySEC in Cyprus under licence No. 329/17. You should still check the licence on the CySEC register before you deposit.
What is the minimum deposit at SquaredDirect?
The minimum deposit is 200. Check the official website to confirm the currency and any changes to this amount.
Which trading platforms does SquaredDirect offer?
The broker supports MetaTrader 4, MetaTrader 5, WebTrader and mobile trading. This lets you trade on desktop, in a browser or on your phone.
Does SquaredDirect offer a no deposit bonus?
No, SquaredDirect does not offer a no deposit bonus. It does offer a welcome bonus and other promotions, so read the terms before you accept any offer.
Is SquaredDirect good for beginners?
SquaredDirect has a free demo account and mini accounts, which helps new traders practise. The 200 minimum deposit and 1:300 leverage need care, so beginners should use low leverage and manage risk closely.
Start from $200 minimum deposit.
