WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

Square FX

United Kingdom|2-5 years|
High potential risk|

https://www.squarefx.uk/

Website

Rating Index

Contact

+44 7537 175014
support@squarefx.uk
https://www.squarefx.uk/
71-75, Shelton Street, Covent Garden, London, WC2H 9JQ United Kingdom

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-11-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Square FX · WikiFX Survey

Users who viewed Square FX also viewed..

XM

9.05
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)
Official website

HFM

8.26
Score
10-15 yearsRegulated in CyprusMarket Making(MM)
Official website

FP Markets

8.88
Score
15-20 yearsRegulated in AustraliaMarket Making(MM)
Official website

GTCFX

8.11
Score
10-15 yearsRegulated in United KingdomStraight Through Processing(STP)
Official website

Square FX · Company Summary

Note:Square FX's official website:https://starfx-trade.com/indexbc14.html?a=home is currently inaccessible normally.

AspectInformation
Company NameSquare FX
Registered Country/AreaUnited Kingdom
Founded Year2012
RegulationUnregulated
Account TypesStandard,Crystal Diamond
LeverageUp to 1:500
SpreadsFrom 0 to 2.5 pips
Trading PlatformMT5
Minimum Deposit$100
Market InstrumentsForex,Metals,Energy,Indices,Cyrptocurrencies
Customer SupportPhone:+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

ProsCons
Leverage up to 1:500Unregulated
Offers trading on MT5 platformWebsite currently inaccessible
Minimum deposit of $100Spreads 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.

Is Square FX Legit?

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.

What Can I Trade on Square FX?
Tradable InstrumentsSupported
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 NameMin. DepositLeverageSpreadsSuitable For
Standard$1001:5002.5 pipsBeginners
Crystal$1,0001:300Not specifiedIntermediate traders
Diamond$10,0001:2000-0.3 pipsAdvanced 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.

Trading Fees
Account NameSpreadsCommissions
StandardFrom 2.5 pips$0
Crystal2 pips$0
Diamond0-0.3 pips$15 charge

Non-Trading Fees

Square FX does not charge any deposit or withdrawal fees.

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MT5Desktop Terminal, Mobile iOS, Mobile AndroidExperienced traders
Square FX PlatformDesktop Terminal, Mobile iOS, Mobile AndroidAll types of traders
Trading SignalsDesktop Terminal, Mobile iOS, Mobile AndroidAll types of traders
MT4--
TradingView--
Trading Platform

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 OptionsMin. DepositFeesProcessing Time
Bank Transfer$100 / $1,000 / $10,000None1-3 business days
Credit/Debit Card$100 / $1,000 / $10,000NoneInstant

Customer Support

Square FX provides 24/5 customer support. Support options include phone, email, and online chat.

Contact OptionsDetails
Phone+44 7537 175014
Emailsupport@squarefx.uk
Online Chat
Supported LanguageEnglish
Live Chat
Customer Support

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.

Broker Information

Company Name

Square FX

Abbreviation

Square FX

Regulatory Status

No Regulation

Platform registered country and region

United Kingdom

Company website
Phone of the company
  • +44 7537 175014

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address
  • 71-75, Shelton Street, Covent Garden, London, WC2H 9JQ United Kingdom

Linkedin

--

WhatsApp

--

QQ

--

WeChat

--

Customer Service Email Address
  • support@squarefx.uk

Company Summary

Review 1

1 Comments
Write a comment
All(1) Latest Neutral(1)
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com