SquaredPro is a forex broker. Squared Pro offers the MT4 and MT5 forex trading top platform. SquaredPro.com offers over 50 forex currency pairs and CFDs for your personal investment and trading options.
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Moscow, Russian Federation,
Jun 27, 2013,
June 24 at 21:03 GMT suddenly, without any need of the market, without having any reason, the broker has increased the difference between the buy and sell price (spread) on the currency pair EUR-JPY with the usual 8-15 points to more than 2,000 points and set a rate of purchase (ask) 129.475, while the rate of purchase (bid) 127.431.
This action is not a market, and is illegal. First of all, it provoked a general opening of the pending orders, which were located at different levels and then the total closure of all orders and great loss.
The difference between ask and bid was 2044 points. I think this is the absolute maximum of spread, which is worthy of the Guinness Book of Records.
This spread expansion has resulted to a global stop-out. As a result, my trading strategy was broken.
I sent three complaints by email, but still received no response. No one response.
Oct 19, 2010,
Now even deeper liquidity. 11 LPs and we are consistently FILLING (not partial fills) clips over 100M on the majors. The only choice for serious professional FX traders....
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+44 (0) 7500 019 282
Nov 2, 2008,
Excellent Broker, interbank pricing, advanced trading features, very fast execution and fantastic OMS (order management system).