SquaredFinancial Posts Strong Q3, Client Base Jumps 220%

SquaredFinancial Group, which operates a multi-asset broker brand, disclosed its third-quarter financials, reporting a 266 percent growth in its volumes, along with a 200 percent increase in gross profits.

The massive surges in volumes and profits have resulted from a spike in the client base of the broker that saw a growth of 220 percent in the quarter.

The growth of the brokerage group’s key metrics came when expanding its products and services, and it will continue the expansion. Earlier this year, the company partnered with Lusis AI Lab to deliver Artificial Intelligence-based Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading strategies and started to offer MetaTrader 5 Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.

“We set out to build something different, listen to what clients want, and provide stability and security,” said Philippe Ghanem, Founder and Executive Chairman of SquaredFinancial Group.

“In the coming months, we will continue to release new products, new funding channels, more online banking services, asset management, access financial markets and help clients towards achieving financial freedom.”

SquaredFinancial’s offerings include trading services with forex and contracts for difference (CFD) instruments of other asset classes. Additionally, the broker group highlighted that gold was the significant driver bedding the recent volume surge.

New Board Members

Apart from the financials, the company announced that it has added three new members to its board: Dirk Van Daele, Vusi Thembekwayo and Philippe Préval. These appointments, according to SquaredFinancial, will further strengthen the governance and future growth prospects.

“Each new member of our Board, each one of them brings a specific and different skillset, strengthening our Corporate Governance, Emerging Markets and Corporate Finance expertise that will help build, grow and promote SquaredFinancial in the coming years,” Ghanem added.