Abstract：Squared Financial launched its mobile app, which is designed for Android and iOS devices. Users can download it for free on the Apple Store and Google Play Store.
Squared Financial launched its mobile app, which is designed for Android and iOS devices. Users can download it for free on the Apple Store and Google Play Store.
Philippe Ghanem, founder and CEO of SquaredFinancial, said
I believe in the power of fintech and innovation in reshaping our industry. This presents challenges but also countless opportunities, especially for financial institutions like SquaredFinancial that aim at revolutionising the trading landscape. We put our clients at the heart of everything we do, and our revamped mobile app is bringing us closer to the one-stop shop we aim to offer them. Besides being an all-inclusive trading solution, it provides users with access to additional financial services, such as the management of their funds and Visa wallet.
The updated SquaredFinancial app allows users to access a greater choice of financial services and products through a single app, while its easy user interface and navigation make online trading easier for the ordinary retail investor. With this all-in-one strategy, the client may manage his trading account, Visa card wallet and portfolio, and funds transfers all from the same app.
SQUAREDFINANCIAL is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, SQUAREDFINANCIAL acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that SQUAREDFINANCIAL has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with SQUAREDFINANCIAL or any other MM broker.
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