Square FX

According to WikiFX data, Square FX is not considered safe or reliable. It holds a very low overall score of 1.47 out of 10, which reflects an extremely high-risk profile. The broker operates from a region associated with unregulated activity and lacks any valid forex trading licenses from recognized financial authorities. This absence of oversight means there are no external safeguards for client funds, which poses a significant risk to trader capital.

No. Square FX is not regulated by any recognized financial authority. Our assessment indicates it holds no valid forex trading licenses, placing it in the category of an unregulated entity. Trading with an unregulated broker carries inherent risks, as there is no supervisory body to enforce rules on capital adequacy, client fund segregation, or fair trading practices.

Specific minimum deposit information for Square FX is not publicly disclosed in the current WikiFX assessment. For unregulated entities, deposit requirements can be arbitrary and subject to change without notice. It is advisable to exercise caution and verify all terms directly, though the fundamental risks associated with this broker's unregulated status are a primary concern.

Based on available information, Square FX does not appear to offer the industry-standard MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. The lack of these widely-trusted platforms is consistent with its operational profile and further distances it from mainstream, transparent brokerage services.