About Tradesquares
Company Overview
Tradesquares is a broker registered in the United States, with its official website at tradesquares.net. The company was founded on June 10, 2022, and lists its registered address at 1074 Beeghley Street, Huntsville, AL 35816.
As an unregulated entity, Tradesquares does not hold a license from any recognized financial regulatory authority. This lack of oversight is a significant factor for traders to consider when evaluating the broker's trustworthiness.
Account Types and Minimum Deposits
Tradesquares offers two account types: the Classic account with a minimum deposit of USD 500, and the Platinum account with a minimum deposit of USD 1,000.
No information is available regarding the maximum leverage, trading instruments, or platforms provided. This absence of detail makes it difficult to assess the broker's trading conditions and suitability for different trading styles.
Regulatory Status
According to our records, Tradesquares is not regulated by any financial authority. This means that traders do not have access to investor protection schemes, dispute resolution services, or oversight of business practices.
The absence of regulation is a major red flag for risk-averse traders, as it exposes them to potential issues such as misappropriation of funds, lack of transparency, and difficulty in recovering deposits.
Risk Assessment
FXCanary's Scam Risk Score for Tradesquares is 49 out of 100, categorized as 'Guarded.' This score reflects the broker's lack of regulation and limited public information.
Potential clients should approach with caution and conduct thorough due diligence before depositing funds. The moderate risk score indicates that while the broker may not be an outright scam, it presents significant uncertainties.
Geographic and Legal Standing
The broker is registered in the United States, but its regulatory status is nil. Operating from a US address without appropriate licenses suggests it may be targeting international clients outside of US jurisdiction.
Traders should verify the legal status of the broker in their own country, as unregulated brokers may operate in a grey area depending on local laws.
Overview compiled by FXCanary from regulatory records and public data. full Tradesquares review