Score
Square FX
United Kingdom|2-5 years| https://www.squarefx.uk/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
White Label
NetherlandsContact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+44 7537 175014
Other ways of contact
Broker Information
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Square FX
Square FX
United Kingdom
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
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Square FX · Company Summary
Note:Square FX's official website:https://starfx-trade.com/indexbc14.html？a=home is currently inaccessible normally.
| Aspect | Information |
| Company Name | Square FX |
| Registered Country/Area | United Kingdom |
| Founded Year | 2012 |
| Regulation | Unregulated |
| Account Types | Standard,Crystal Diamond |
| Leverage | Up to 1:500 |
| Spreads | From 0 to 2.5 pips |
| Trading Platform | MT5 |
| Minimum Deposit | $100 |
| Market Instruments | Forex,Metals,Energy,Indices,Cyrptocurrencies |
| Customer Support | Phone:+44 7537 175014,Email:support@squarefx.uk |
Square FX Information
Established in 2012 in the United Kingdom, Square FX is an unregulated trading venue. It provides trading leveraging up to 1:500 on the MT5 system.
Its great leveraging is the main benefit. Its uncontrolled condition is the main drawback since it causes great hazards.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:500 | Unregulated |
| Offers trading on MT5 platform | Website currently inaccessible |
| Minimum deposit of $100 | Spreads can be as high as 2.5 pips |
Is Square FX Legit？
Square FX is an unregulated broker since it runs without government supervision. The lack of legislative protection calls potential investors great caution.
The official website of SP Markets is prohibited now.
What Can I Trade on Square FX？
Square FX offers many popular market instruments including over 30 currency pairs and multiple cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Stock Indices | ✔ |
| Precious Metals | ✔ |
| Cryptocurrencies | ✔ |
| Agricultural Items | ❌ |
| Bonds | ❌ |
Account Type
Square FX offers three types of live accounts: Standard, Crystal, and Diamond. They do not provide demo accounts or Islamic accounts.
| Account Name | Min. Deposit | Leverage | Spreads | Suitable For |
| Standard | $100 | 1:500 | 2.5 pips | Beginners |
| Crystal | $1,000 | 1:300 | Not specified | Intermediate traders |
| Diamond | $10,000 | 1:200 | 0-0.3 pips | Advanced traders |
Square FX Fees
Square FX's fees are relatively high compared to industry standards.
Trading Fees
Trading fees include spreads, commissions, and swap rates.
Square FX Spreads and Commissions
Spreads for Standard accounts start at 2.5 pips with no commission, Crystal accounts have 2 pips with no commission, and Diamond accounts offer 0-0.3 pips with a $15 charge.
| Account Name | Spreads | Commissions |
| Standard | From 2.5 pips | $0 |
| Crystal | 2 pips | $0 |
| Diamond | 0-0.3 pips | $15 charge |
Non-Trading Fees
Square FX does not charge any deposit or withdrawal fees.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop Terminal, Mobile iOS, Mobile Android | Experienced traders |
| Square FX Platform | ✔ | Desktop Terminal, Mobile iOS, Mobile Android | All types of traders |
| Trading Signals | ✔ | Desktop Terminal, Mobile iOS, Mobile Android | All types of traders |
| MT4 | ❌ | - | - |
| TradingView | ❌ | - | - |
Deposit and Withdrawal
Square FX does not charge any deposit or withdrawal fees. The minimum deposit required is $100 for the Standard account, $1,000 for the Crystal account, and $10,000 for the Diamond account.
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank Transfer | $100 / $1,000 / $10,000 | None | 1-3 business days |
| Credit/Debit Card | $100 / $1,000 / $10,000 | None | Instant |
Customer Support
Square FX provides 24/5 customer support. Support options include phone, email, and online chat.
| Contact Options | Details |
| Phone | +44 7537 175014 |
| support@squarefx.uk | |
| Online Chat | ✔ |
| Supported Language | English |
| Live Chat | ✔ |
The Bottom Line
The main benefit of Square FX is great leverage up to 1:500. Its uncontrolled position is a major disadvantage, nevertheless, and puts great danger to traders. Experienced traders who are at ease with bigger risks may find this broker most appropriate.
FAQs
Is Square FX safe？
No, Square FX is unregulated.
Is Square FX good for beginners？
No, it is not ideal for beginners due to high risks.
Is Square FX good for day trading？
Yes, it offers features suitable for day trading.
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