SQUARED OPTION LIMITED has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
What really bothers me about SQUARED OPTION LIMITED is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them after reading several online reviews and I fell for the polished exterior. Never again.
Pros: Instant funding|Easy withdrawals
Cons: Could offer more webinars
Tried to withdraw my funds from SQUARED OPTION LIMITED and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Initially responsive customer service
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
SQUARED OPTION LIMITED 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: Full transparency|Easy to use platform|Helpful community forum
Cons: Wish they had more educational resources|Nothing significant
I referred a friend to SQUARED OPTION LIMITED from a blog post comparing services. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Stable platform|Transparent fees|Excellent charting|Responsive team
Cons: No crypto staking
SQUARED OPTION LIMITED seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Copy trading available|Segregated accounts|Portfolio tracking tools
Cons: Desktop app not available on Linux
I am in a dispute with SQUARED OPTION LIMITED over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Real-time alerts|Fast execution
Cons: Limited social trading features
I was about to invest with SQUARED OPTION LIMITED but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Conduct Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.
Cons: Unauthorized firm|Found in IOSCO warnings database