Forex Brokers

Impersonation of MSquare Group Pty Ltd (msquarefx.com)

1.5 (10 reviews)
🇦🇺 Australia
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1.5
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About Impersonation of MSquare Group Pty Ltd (msquarefx.com)

Impersonation of MSquare Group Pty Ltd (msquarefx.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: msquarefx.com.

Customer Reviews

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Ombudsman said they are uncooperative

M
Maria I.
4 weeks ago

I experienced a security concern with my Impersonation of MSquare Group Pty Ltd (msquarefx.com) account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.

Pros: Wide product range|Tax reports included|Excellent charting|Regular platform improvements

Cons: Withdrawal takes 1-2 business days

Headed in the wrong direction

O
Oliver E.
1 months ago

I had high hopes for Impersonation of MSquare Group Pty Ltd (msquarefx.com) when my bank disappointed me and I searched for alternatives, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.

Pros: Smooth onboarding|Stable platform|Professional team|Personal attention

Cons: Spreads widen during volatile periods|Account statements could be more detailed

Licensed in a tax haven only

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Ian B.
2 months ago

Do not use Impersonation of MSquare Group Pty Ltd (msquarefx.com) for anything serious. I used them for the past six months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.

Pros: Smooth onboarding|Dedicated account manager|Social trading features

Cons: Onboarding videos are outdated

They bet against their clients

S
Samantha J.
5 months ago

The hidden fees at Impersonation of MSquare Group Pty Ltd (msquarefx.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.

Pros: Fast support response|Multiple order types|Intuitive for beginners

Cons: Research section could be deeper

They do not care about customers

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Megan F.
6 months ago

Impersonation of MSquare Group Pty Ltd (msquarefx.com) has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.

Pros: Excellent charting|Tax reports included|Dedicated account manager

Cons: No integrated tax optimization|Cannot customize dashboard fully

Save yourself the trouble

S
Stephanie W.
6 months ago

Customer support at Impersonation of MSquare Group Pty Ltd (msquarefx.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.

Pros: Demo account available|Helpful community forum

Cons: Desktop app not available on Linux

Promised returns that never came

G
Grace Z.
8 months ago

KYC with Impersonation of MSquare Group Pty Ltd (msquarefx.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.

Pros: Clear documentation|Regular platform improvements|Multi-currency support

Cons: Website design could be more modern|Currency conversion fee exists

Requote on winning trades only

O
Olivia R.
8 months ago

I trusted Impersonation of MSquare Group Pty Ltd (msquarefx.com) with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.

Pros: Instant funding|Comprehensive tools|Copy trading available|No hidden fees

Cons: Limited social trading features

Death of account holder process unknown

E
Elizabeth P.
8 months ago

I found Impersonation of MSquare Group Pty Ltd (msquarefx.com) from a review site like this one and the initial impression was positive. But for over a year later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.

Pros: Good mobile app|Real-time alerts|Reliable uptime

Cons: Limited demo account features

Not worth a single penny

C
Charles K.
9 months ago

After using Impersonation of MSquare Group Pty Ltd (msquarefx.com) for just over a year, I decided to move my account elsewhere. The platform was unreliable, withdrawals took an unreasonable amount of time, and I could never get a straight answer from customer service. Frustrating experience overall.

Pros: Economic calendar|API access|Full transparency|Personal attention

Cons: Minimum deposit could be lower