Impersonation of MSquare Group Pty Ltd (msqrtrade.com) has been flagged by ASIC (Australia) for "Imposter". Addresses: Level 19 580 George Street SYDNEY NSW 2000 This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.msqrtrade.com.
I opened an account with Impersonation of MSquare Group Pty Ltd (msqrtrade.com) for the past year and a half ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Real-time alerts|Fast support response|Dividend tracking|Regular platform improvements
Cons: Nothing significant|Spreads widen during volatile periods
I wanted to transfer my portfolio from another broker to Impersonation of MSquare Group Pty Ltd (msqrtrade.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Stable platform|Social trading features|Economic calendar|No hidden fees
Cons: Limited demo account features|Would like more payment methods
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Impersonation of MSquare Group Pty Ltd (msqrtrade.com) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Dividend tracking|Stable platform
Cons: Could offer more webinars|Cannot customize dashboard fully
I signed up with Impersonation of MSquare Group Pty Ltd (msqrtrade.com) after doing extensive research and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Responsive team|Automated trading options|Dividend tracking
Cons: Wish they had more educational resources
The only good thing about Impersonation of MSquare Group Pty Ltd (msqrtrade.com) is that they remind you why regulation matters. I found them after a friend recommended them. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Low minimum deposit|Personal attention
Cons: Minor UI glitches occasionally
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Impersonation of MSquare Group Pty Ltd (msqrtrade.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Comprehensive tools|Low minimum deposit|Market news feed
Cons: Wait times can be long during peak hours|Charting tools need more indicators
I have been trying to close my account with Impersonation of MSquare Group Pty Ltd (msqrtrade.com) for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Fast execution|Professional team
Cons: Some tools only available on higher tiers|No fractional shares