Forex Trading MSquare Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.3

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.5

Business 0.8

Risk Control 1.1

Software 1.8

Regulatory 1.3

Terminal Snapshot

MSquare Trading Conditions

Registered Region Australia

Operating Period 1-2 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email info@msquarefx.com

Contact Number N/A

Website www.msquarefx.net

Balanced Review

Pros & Cons

Pros

Accessible minimum deposit of $100 for all account types
Diverse trading instruments including Forex, commodities, indices, stocks, and cryptocurrencies
High leverage options up to 1:3000 across account types
Trading platforms: MT4 and MT5 available for multiple devices
Demo accounts offered for risk-free practice

Cons

Operates without regulatory oversight
Potential for high withdrawal issues
Limited customer support options
Lack of educational resources for traders
High spreads starting from 3.0 pips

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	MSquare	DBG Markets	IC Markets Global	AvaTrade
Operating Period	1-2 years	See review	See review	See review
Region	Australia	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.3/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does MSquare Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
STP Pro	Experienced traders	Low spreads, high leverage	Suitable for high-volume trading
Commission	Active traders	Transparent pricing model	Requires frequent trading activity
Standard	Beginners and casual traders	Accessible features, user-friendly	Ideal for those starting in forex trading

Account Opening Process

To open an account with MSquare, traders must submit personal, employment, and financial information. The process includes identity verification, which requires an ID and proof of address. MSquare provides flexibility in account management, allowing users to upgrade to a professional account in the future if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	3.0	$0	Standard spread for major currencies
CFDs (Stocks, Indices, Commodities)	3.0	$0	Consistent spreads across assets
Cryptocurrencies	Varies	$0	Dependent on market conditions

Other Fees

Additional fees may apply, including deposit and withdrawal fees, inactivity fees, and potential overnight interest (swap rates). Currency conversion fees could also be relevant depending on the trading activity and asset selection.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

MSquare User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Alice Johnson

Sydney

★ ★ ★ ★ ★

I’ve been trading with MSquare for a few months now, and overall, I’m quite satisfied. The platform is user-friendly, and I appreciate the variety of trading instruments available. The minimum deposit requirement is accessible for beginners like me, and I’ve found the execution speed to be decent. However, I wish they had more educational resources available for new traders.

Michael Smith

Melbourne

★ ★ ★ ★ ★

MSquare has been a great broker for my trading needs. The MT4 platform works smoothly on both my desktop and mobile devices. I love the high leverage they offer, which has really helped me maximize my trades. Customer support has been responsive when I’ve had questions. Overall, I feel confident trading with them.

Samantha Chen

Brisbane

★ ★ ★ ★ ★

My experience with MSquare has been disappointing. While depositing was easy, I faced significant issues when trying to withdraw my funds. The customer support response times were slow, and I felt frustrated navigating the withdrawal process. I hope they improve their service in this area.

David Lee

Perth

★ ★ ★ ★ ★

I had a very negative experience with MSquare. After making profits, I tried to withdraw my funds but faced numerous obstacles, and customer service was unhelpful. It has been impossible to get my money back. I strongly advise others to be cautious before trading with this broker.

Australia Market