Square Markets

According to WikiFX data, Square Markets presents significant safety concerns for investors. It holds no valid financial regulatory licenses for forex trading and operates without mainstream oversight. The broker's WikiFX SkyEye Score of 1.39 out of 10 reflects substantial deficiencies in regulatory compliance and operational risk control. Investors should exercise extreme caution due to the complete absence of credible regulatory authorization, which offers no investor protection.

Square Markets is not regulated. Based on its WikiFX profile, the broker has no valid financial regulatory licenses. It is registered in Canada but operates without authorization from reputable financial authorities such as the FCA, ASIC, or CySEC. Trading with an unregulated entity like Square Markets carries inherent risks, including a lack of fund segregation and formal dispute resolution mechanisms.

Square Markets offers multiple account types with varying minimum deposit requirements. The Crystal (Fixed) account requires a $100 minimum deposit. The Gold (Variable) account requires $1,000, while the Diamond (Raw/ECN) account mandates a $5,000 deposit. The highest-tier Platinum (Customized) account requires a minimum deposit of $20,000 or more.

The trading platforms supported by Square Markets are not explicitly listed in the current data. However, all its account types—Crystal, Gold, Diamond, and Platinum—support the use of Expert Advisors (EAs), which are typically associated with the MetaTrader suite. Traders should verify the specific platform directly with the broker for confirmation.