July 03, 2020

Top Forex Brokers

Reviewed broker: SquaredDirect, previously known as ProbusFX

Location: Kedrou 9, Mesa Geitonia, 4004, Limassol, Cyprus

Established in 2019

Regulation: SquaredDirect abides by the strictest standards and is authorised and regulated by the Cyprus Securities and Exchange Commission (Licence Number: 329/17). CySEC is a member of the European Securities and Markets Authority (ESMA).

US traders are not accepted at the moment

Trading instruments: more than 60 trading instruments (CFDs on FX, Precious Metals, Energies and International Indices)

With the servers being hosted by EQUINIX LD4 in London our Straight Through Processing model provides Direct Market Access at close to instant order execution speeds and Live-Market Prices.

The DMA/STP execution model makes the Dealing Desk obsolete, enabling Full Transparency in all processes and guaranteeing no Conflict of Interest between the Broker, and the Client can ever exist.

True STP Brokerage Firm: yes


  • Trade Safely with a Licensed Investment Firm.
  • Member of Investors Compensation Fund.
  • All Clients Funds are held in Segregated Bank Accounts.
  • Fast processing on withdrawals and deposits.
  • We use International Reputable Banks.
  • Secure and Compliant Client Portal with Online Card Payments.
  • Global Backup Servers for High Availability.

Why Choose SQUAREDDIRECT Broker?

Deep Liquidity from Reputable Financial Institutions worldwide

Innovative trading technology, trading platforms and dynamic trading tools

Strict Adherence to Regulation with No Conflict of Interest

Tailored to your specific needs, financial situation and appetite for risk

Dedicated Proactive Customer Service providing 24/5 support during your trading journey

Trading Conditions and Features

Currency Pairs: 40+

Maximum leverage up to 1:30 but professional clients can get up to 1:200

Spreads and swaps as tight as 0.0 pips

AutoTrade is the next generation account mirroring service (trade copy) that allows you to copy trades from the most successful traders by using algorithmic trading robots, commonly known as Expert Advisors on MT4, to trade on your behalf by monitoring the markets and handling all steps of the market order execution process.

With Expert Advisors you can create or copy trading systems that will run up to 24 hours a day without requiring any supervision.

Trading Platforms

Trade the markets directly with the leading trading platform MT4

Join millions of traders who choose MetaTrader 4 to trade the markets. Trade from your Desktop, Smartphone or tablet anywhere, anytime.


MetaTrader 4 (MT4) is a market leading forex trading platform with an easy to use trading and charts interface. With MT4 you can create custom layouts and templates for your own trading workspace and style. MT4 is effective, user-friendly and flexible. Tested globally and selected as a favourite platform by forex traders.

At SquaredDirect we afford speculators and professional traders the opportunity to trade forex, pre- cious metals, index CFDs, and energy CFDs using this platform.

The highly rated charts in the platform also allow downloading additional historical data for back testing and analysis. The majority of the interface is customisable including the market watch panel and blotter and feature layouts. We offer market execution on MT4 as well as limit and stop orders.

MT4 offers back-office reporting functions, statements, giving traders access to all the essential tools and resources needed for post trade analysis, audits, and review. 

Account Types Review

 Demo account: practice online trading with free $50,000 virtual money demo account 

Squared Direct Answers Frequently Asked Questions

What currencies can I use to open a SquaredDirect account?

We currently accept the following currencies: USD, EUR.

Do you offer any kind of Bonus or Credit?

No, SquaredDirect does not offer Bonuses or Credit

What are the working hours of SquaredDirect?

SquaredDirect is open 24 hours a day starting from Monday 00:00 until Friday 23:59 GMT or GMT+1.

Can I open multiple trading accounts?

Yes, you can open more than 1 trading account.

Can I withdraw to a different account than the one I used to deposit?

Please note that all withdrawals should go back to the same account as the one you used to deposit.

What methods can I use to withdraw funds from my account?

Bank Wire and Card.

Can I use expert advisors?

Yes, expert advisor use is allowed.

What mobile platforms do you offer?

Currently we offer MT4 for iOS and Android

Does SquaredDirect use margin calls?

Yes, you will be notified by email when your equity reaches the 50% of your used margin

What types of accounts are available?

SquaredDirect offers 3 types of accounts based on your trading experience: Classic, Standard and Premium.

Can profits made with a Demo Account be withdrawn?

No. The demo account is only for practising using virtual funds therefore profits or losses are not awarded.

What is the leverage provided for Professional Clients?

Professional clients may select a leverage of up to 1:200.

Do you offer Trading Education?

Yes, we offer Premium Content which is available in the Education section of our website under the Squared Learning Room.

  • Video Tutorials: Forex Trading, Psychology, Forex Strategies, MT4, Technical Indicators
  • Trading Guides
  • Glossary

How was the rating of Squared Direct performed compared to other brokers? 

This 2020 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Squared Direct FX broker performance and features. 

Overall our online Squared Direct review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Squared Direct or you find inaccurate details Squared Direct broker review please get in touch with us and the changes will be applied.