EZ SQUARE is a forex and Contract for Difference (CFD) broker founded in 2021 in Saint Vincent and the Grenadines, with its headquarters in Kingston. It primarily offers CFD trading services for various financial instruments, including forex, futures, precious metals, and commodities. The broker's official website is https://ezsqtech.com/, and it supports languages such as Korean, English, Simplified Chinese, Spanish, Russian, and more. EZ SQUARE does not provide its services to the United States, Cyprus, Israel, or other jurisdictions with legal restrictions.
Company Background:
EZ SQUARE was established in Saint Vincent and the Grenadines in 2022, with the company entity being Ez Square Tech LLC and the company number 2407, as confirmed through information provided by the Financial Services Authority of Saint Vincent and the Grenadines.
Regulatory Information:
EZ SQUARE is not regulated by any regulatory authority. This lack of regulation may result in less robust investor protection, risk prevention, and asset security compared to regulated brokers. The services offered by this broker come with a higher degree of risk. Investors should exercise caution when considering this broker's services to protect their financial assets.
Trading Products:
EZ SQUARE offers a variety of financial instruments for user trading, including:
Forex: Providing opportunities to trade various currency pairs in the forex market. Forex CFDs allow investors to trade based on changes in the price of one currency against another. Examples of available currency pairs include EUR/USD, GBP/USD, and USD/JPY, among others.
Futures: Futures CFDs allow traders to speculate on the price movements of assets without the need to own the actual assets. CFDs enable traders to profit from market speculation on asset price increases or decreases.
Precious Metals: CFDs for precious metals like gold and silver provide opportunities for traders to capitalize on price changes. Precious metal CFDs allow trading without the need to physically possess the assets, potentially yielding profits from price fluctuations.
Commodities: Commodity CFDs enable investors to potentially profit from price fluctuations in raw materials and resources. Commodities include items like crude oil, copper, iron ore, and others. Commodity CFDs allow investors to participate in various commodity markets without holding the physical assets.
These products offer investors opportunities to access various financial markets and manage risk through different investment portfolios.
Trading Platform:
EZ SQUARE provides the Metatrader 5 (MT5) trading platform for investors. MT5 is a widely recognized and popular platform in the financial industry, known for its advanced trading features and various analysis tools. Through MT5, investors can access real-time market data and utilize a range of technical indicators and charting functions to analyze market trends. The software is compatible with various devices, including PC, web platforms, and mobile devices (iOS/Android), making trading convenient.
Account Registration:
Information on the EZ SQUARE official website shows that the broker provides an account registration link, although it does not specify whether these accounts are for demo or live trading. The registration process involves clicking on the "CREATE ACCOUNT" link in the upper right corner of the website and providing information such as trading name, email, password, and more to complete the account registration.
Account Types:
EZ SQUARE's official website does not provide information regarding account types.
Spreads and Leverage:
EZ SQUARE offers a maximum leverage of 1:100 for accounts, with spreads starting from 0.2. The minimum trade size is 0.01 lots, and the minimum deposit is $10. Trading hours may vary depending on the trading product, with commodities and futures trading available five days a week for a maximum of 23 hours per day, while precious metals are traded between 23:00 to 22:00 GMT.
Deposits and Withdrawals:
EZ SQUARE supports various deposit and withdrawal methods, including bank wire transfer, Transfer Union, Limitless Gateway, and more. Except for bank wire transfers, there are no fees associated with other deposit methods. The minimum deposit is $50, and the withdrawal processing time can be up to two business days. The broker accepts USD but does not provide specific information about withdrawal channels, supported currencies, fees, and other critical details.
Customer Support:
Investors can access EZ SQUARE's customer support via phone and email. However, the broker does not specify the operating hours of their customer service, which may affect responsiveness to user inquiries and, in turn, the user experience.
Other Services:
EZ SQUARE's official website provides information and educational resources for investors, including an economic calendar, basic knowledge, terminology, and more. The economic calendar helps investors track important economic data and financial events, while basic knowledge and terminology resources help investors better understand and enter the market.
Summary:
The registration information provided on EZ SQUARE's official website appears to be genuine. However, this broker is not regulated by any regulatory authority. Moreover, EZ SQUARE does not provide detailed information about account types, trading hours, and other key aspects. Currently, this broker is labeled as "unregulated" on the TraderKnows platform. Users should exercise caution when considering the services offered by this company, with a focus on safeguarding their financial assets and avoiding potential pitfalls.
