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MSquare
Australia|1-2 years| https://www.msquarefx.net
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MSquare Group Pty Ltd (MSG)
MSquare
Australia
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- The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
- This broker exceeds the business scope regulated by United States NFA(license number: 16345048)Common Business Registration Non-Forex License. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
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| Maximum Leverage | -- |
| Minimum Deposit | -- |
| Minimum Spread | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
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| Maximum Leverage | 1:3000 |
| Minimum Deposit | $100 |
| Minimum Spread | from 3 |
| Products | -- |
| Currency | -- |
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| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | 1:3000 |
| Minimum Deposit | $100 |
| Minimum Spread | from 3 |
| Products | -- |
| Currency | -- |
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| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | 1:3000 |
| Minimum Deposit | $100 |
| Minimum Spread | from 3 |
| Products | -- |
| Currency | -- |
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| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
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- Non-Fixed Capital(A)+(B)-(C)=(D)
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MSquare · Company Summary
| MSquare | Basic Information |
| Company Name | MSquare |
| Headquarters | Australia |
| Regulations | Not regulated |
| Account Types | STP Pro，Commission，Standard |
| Minimum Deposit | $100 |
| Maximum Leverage | 1:3000 |
| Spreads | From 3.0 pips |
| Customer Support | Email （info@msquarefx.com） |
Overview of MSquare
MSquare, based in Australia, offers three account types: STP Pro, Commission, and Standard. Despite its Australian headquarters, the broker operates without regulatory oversight. MSquare targets various trading preferences through its diverse account offerings.
Is MSquare Legit？
MSquare currently operates without regulatory supervision. This lack of regulation means the broker is not subject to oversight and guidelines typically imposed by financial authorities. Traders should be aware that this absence of regulation may expose them to additional risks and reduce investor protection.
Pros and Cons
MSquare presents a mix of advantages and drawbacks. The broker offers demo accounts, allowing traders to practice strategies risk-free. Additionally, MSquare claims to provide round-the-clock support. However, the lack of regulatory supervision is a significant concern. Paradoxically, while round-the-clock support is listed as a pro, limited customer support options are noted as a con, suggesting potential inconsistencies in their service offerings.
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Account Types
| Account Type | Minimum Deposit | Maximum Leverage | Spreads |
| STP Pro Account | $100 | 1:3000 | From 3.0 pips |
| Commission Account | $100 | 1:3000 | From 3.0 pips |
| Standard Account | $100 | 1:3000 | From 3.0 pips |
MSquare offers three account types: STP Pro, Commission, and Standard. All accounts require a minimum deposit of $100, making them equally accessible to traders. This unified minimum deposit across account types simplifies the choice for new traders while still offering varied features to suit different trading styles.
Leverage
MSquare provides exceptionally high leverage across all its account types. The STP Pro, Commission, and Standard accounts all offer a maximum leverage of 1:3000. This high leverage can significantly amplify both profits and losses, making it suitable for experienced traders but potentially risky for novices.
Spreads
MSquare maintains consistent spread offerings across its account types. The STP Pro, Commission, and Standard accounts all provide spreads starting from 3.0 pips. This uniformity in spread structure simplifies comparison between account types, allowing traders to focus on other differentiating features when selecting an account.
Customer Support
MSquare's customer support is primarily accessible via email atinfo@msquarefx.com. This email-based support system serves as the main channel for clients to seek assistance, ask questions, or resolve issues related to their trading accounts and activities.
Conclusion
In conclusion, MSquare offers high-leverage trading accounts with uniform minimum deposits and spreads. However, its lack of regulation is a significant concern. While the broker provides demo accounts and claims 24/7 support, the limited customer support options and regulatory issues are important factors for traders to consider.
FAQs
Is MSquare regulated？
No, MSquare currently operates without regulatory oversight.
What is the minimum deposit required to open an account with MSquare？
The minimum deposit for all account types (STP Pro, Commission, and Standard) is $100.
Does MSquare offer demo accounts？
Yes, MSquare provides demo accounts for traders to practice their strategies risk-free.
Risk Warning
Trading online carries inherent risks, including the potential loss of your entire investment. It's essential to recognize that online trading may not be suitable for everyone, and individuals should carefully consider their risk tolerance before participating. Additionally, please be aware that the details provided in this review are subject to change as companies update their services and policies. Therefore, it's advisable to verify the most up-to-date information directly with the company before making any trading decisions. Ultimately, the responsibility for utilizing the information in this review lies solely with the reader.
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