SQUARE TRADES

Square Trades is an entity registered in the United Kingdom at the address 56 Cawnpore Street, Upper Norwood, London, SE19 1P. According to public records, the company was founded on 11 February 2022. No further corporate details or trading history are available from the registration data.

The broker operates the domain squaretrades.live, but as of the time of this review, independent information about its services, ownership, or operational status is extremely limited. FXCanary has not been able to verify the existence of a live trading platform, account types, or financial instruments offered.

Square Trades does not hold any regulated status from a known financial authority. The UK registration alone does not constitute a license to offer financial services. This absence of regulatory oversight is a significant concern for potential clients.

In jurisdictions where financial services require authorisation, operating without a licence exposes traders to heightened risks, including lack of recourse in disputes or in the event of insolvency. FXCanary strongly advises traders to only engage with brokers that are licensed and supervised by a reputable regulator.

FXCanary has assigned Square Trades a Scam Risk Score of 46 out of 100, which places it in the 'Guarded' category. This score reflects the high uncertainty stemming from the lack of verifiable independent information and the absence of a regulated status.

Traders considering dealings with Square Trades should be aware of the elevated risks. Without a regulatory framework, there is no guarantee of fund segregation, negative balance protection, or access to compensation schemes. It is advisable to seek brokers with a proven compliance record.