What is SquaredDirect?
SquaredDirect is a forex and CFD broker based in Cyprus, listed with a foundation year of 2018. It offers leverage up to 1:300, spreads from 0.0 pips and a minimum deposit of $200. Clients trade on MetaTrader 4, MetaTrader 5, WebTrader, Mobile Trading and on mobile.
Is SquaredDirect safe and regulated?
SquaredDirect is regulated by Regulated by CySEC under license No. 329/17. This is a tier-1 regulator with strict capital rules, segregated client funds and, in many cases, an investor compensation scheme.
Safety checklist before you deposit
- Search licence 329/17 on the official CySEC register and confirm the company name matches.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
SquaredDirect account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $200 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | Yes |
| Managed account | Investors who prefer a money manager | No |
Trading platform and conditions
SquaredDirect provides MetaTrader 4, MetaTrader 5, WebTrader, Mobile Trading, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.0 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:300 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
SquaredDirect supports 6 funding methods, including Credit/Debit Card, Neteller, Skrill, WebMoney, Bank Wire Transfer, etc.. Accounts can be held in 2 base currencies (USD, EUR), which helps you avoid conversion fees.
SquaredDirect bonus: Yes
How the promotion works
The current SquaredDirect promotion is Yes. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the SquaredDirect website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
SquaredDirect pros and cons
Pros
- Raw spreads from 0.0 pips
- Scalping and hedging allowed
- News trading allowed
- Islamic, VIP and Mini accounts
- 6 deposit methods
- Regulated by a tier-1 authority
Cons
- $200 minimum deposit is higher than some rivals
How to open a SquaredDirect account
- RegisterVisit the SquaredDirect website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick Islamic, VIP, Mini or a standard account, and your base currency.
- Fund the accountDeposit at least $200 with Credit/Debit Card, Neteller, Skrill or another method.
- Start tradingLog in to MetaTrader 4, MetaTrader 5, WebTrader, Mobile Trading or the mobile app and set your risk per trade.
Is SquaredDirect a good broker? Our verdict
SquaredDirect suits active traders who want raw spreads, freedom to scalp or trade the news, plus a wide choice of payment methods. Its tier-1 regulation adds a strong layer of client protection. Start small, test a withdrawal, and only trade money you can afford to lose.