Squire’s Finance Limited is a forex broker that was founded in 2018 and offers trading in forex, CFDs, and cryptocurrencies. The brokerage firm provides a range of trading instruments and platforms to clients across the world. This review takes a comprehensive look at the online forex broker to help potential traders make informed decisions.
Regulation Squire’s Finance Limited
Broker is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. Thus, Squire’s Finance complies with international standards when it comes to safeguarding clients’ funds and ensuring transparency.
Broker clients have access to two trading platforms, MetaTrader 4 (MT4) and WebTrader. MT4 is a popular platform among forex traders, and it is highly regarded for its customizable charts, analytical tools, and automation features. WebTrader, on the other hand, is a web-based platform that allows users to trade from any device with internet access. It is user-friendly and has easy-to-use trading tools.
Squire’s Finance clients can trade a variety of instruments, including currencies, commodities, indices, and cryptocurrencies. The brokerage firm offers over 50 currency pairs, which include major, minor, and exotic pairs. Additionally, clients can trade gold, silver, oil, and other commodities, as well as indices such as the S&P 500 and the FTSE 100. Cryptocurrency enthusiasts can also trade popular digital currencies like Bitcoin, Ethereum, and Litecoin.
Broker provides four types of trading accounts to accommodate the different trading styles and preferences of its clients. The Cedar account, which requires a minimum deposit of $250, offers access to all trading instruments and platforms. The Maple, Oak, and Cherry accounts require minimum deposits of $2,500, $10,000, and $25,000 respectively. These accounts come with additional features such as VIP support and a personal account manager.
Squire’s Finance offers competitive trading conditions such as low spreads, 24/7 trading, and leverage of up to 1:500. The brokerage firm also offers negative balance protection, which means clients cannot lose more than their account balance. Additionally, Squire’s Finance has a no-requote policy, ensuring that traders can execute trades without any rejections.
Education and Training
Broker provides educational materials and resources to its clients, including video tutorials, webinars, e-books, and trading signals. It is a valuable resource for beginner traders who want to improve their knowledge of the financial markets and trading strategies.
Deposits and Withdrawals
Broker provides various deposit and withdrawal options, including bank transfer, credit/debit card, Skrill, Neteller, and Bitcoin. Deposits are credited instantly, while withdrawals take between 3-5 business days for bank transfers and credit/debit cards. However, e-wallets and Bitcoin withdrawals are processed within 24 hours.
Offers a 24/7 customer support service via telephone, email, and live chat. The support team is responsive and well-informed, and they are quick to resolve any issues or concerns that clients may have.
Broker is a reliable and transparent forex broker that offers excellent trading conditions and a range of trading platforms and instruments. The brokerage firm’s commitment to regulation, negative balance protection, and competitive trading conditions make it an ideal choice for forex traders. Overall, Squire’s Finance is a brokerage firm that is worth considering by anyone looking to venture into forex trading.