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Company News

ProbusFX adopts new identity and rebrands as SquaredDirect

We would like to announce that we have now changed our trade name from ProbusFX to SquaredDirect. Additionally, our Legal company name has now been changed from Aspide Financial Limited to Squared Financial (CY) Limited. This comes as part of our company’s restructuring and pairing up with our sister company, SquaredPro, to form the Squared Financial Group of companies. By rebranding ourselves as SquaredDirect and belonging under the same group with our sister company Squared Financial Services Limited, now trading as SquaredPro, we are now able to provide our customers with the best selection of financial services available in the financial ...

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Windows 10 Updates and Your MetaTrader Passwords

On October 2nd 2018, Microsoft officially released a major update for their operating system Windows 10 October 2018 Update (version 1809). This update affects configurations and encryption keys similar to a new installation of Windows Operating System. We have been informed by MetaQuotes that with the new Windows 10 update, all passwords for trading accounts stored on the computer may not work. We highly recommend that you prepare for the new Windows update by saving your passwords in a secure location to be able to use the platform after the update. If you login to your MT4 platform with the password saved ...

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New Leverage changes – ESMA Regulation

As an EU Regulated Investment firm, in compliance to the new European Securities and Markets Authority ("ESMA") decision on CFDs, ProbusFX is required to proceed with the following changes regarding Leverage, starting from 1st of August 2018. Leverage Limits - Retail clients: 30:1 for major currency pairs 20:1 for non-major currency pairs, gold and major indices 10:1 for commodities other than gold and non-major indices 5:1 for individual equities and other reference values 2:1 for cryptocurrencies For more information read our updated Leverage Policy on our website. RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 42.60 ...

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ProbusFX competes in 3on3 Fundraising Event

ProbusFX is competing in this year’s 3on3 Corporate Games event, taking place at the Molos multifunctional seaside park in Limassol from 8th to 10th of June to contribute in raising funds for the Cypriot Wheelchair Basketball Teams association and the Social Market of Limassol’s Municipality. Let the Corporate Games Begin The Limassol 3on3 Streetball Event is organized by OPAP Cyprus. The organizing committee has enhanced this year’s event by adding the first ever OPAP Limassol 3x3 Challenger 2018. All games will be played out on customized courts overlooking the Mediterranean Sea. The Elite, Amateur and Corporate categories will be competing between 8-10 ...

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IFX EXPO 2018 Attendance Outcomes

After two quite busy but well spent days at the IFX EXPO 2018, here’s the outcome of our attendance: It was an excellent opportunity for us to meet newcomers and connect with big names in our industry, where we got to exchange knowledge and information but also grow our professional network of business contacts and affiliates. We also met with existing partners and got to discuss matters up close. We had a chance to see what’s new and what’s ‘trending’ in the world of financial service provision. Being a start-up company, we also got to further show our presence in this ...

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ProbusFX attending iFX EXPO Limassol 2018

Limassol, Cyprus, May 2018 – ProbusFX will be attending this year’s iFX Expo Limassol 2018, taking place on May 22nd-24th at the Spyrou Kyprianou Expo Venue, to network with people from the Finance, Trading and Marketing sectors worldwide. Cyprus has become a mature centre for retail FX over the past few years, having attracted over 160 retail FX brokerages. Networking with Forex Professionals at iFX Expo Limassol 2018 The iFX Expo is one of the largest International Financial business to business events. Since May 2012 the expo has connected over 30,000 attendees with over 1,000 service providers from all over the world. ...

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Keeping up with Rules and Regulations

We happily announce the hire of Constantina Economidou as our Head of Compliance. Constantina’s role at ProbusFX is to make sure the company remains strictly regulated and constantly updated on the legal framework of operations. Her duties include: Monitoring and assessment of adequacy and effectiveness of company measures and procedures. Liaising with all relevant departments within the Company, advising and assisting the relevant persons responsible for investment services to be in full compliance with the Law. Monitoring and assessing the compliance risk facing the Company when Investment and Ancillary services together with the scope of financial instruments traded and distributed are ...

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ProbusFX participated in the 12th Limassol Marathon

Our Team participated in the Limassol Marathon 2018 during the weekend of 17th – 18th of March 2018. The 12th OPAP Limassol Marathon GSO, the largest sports event in Cyprus featuring six races over a weekend, aims at collecting funds to support the Karaiskakio Foundation and other charities. On March 17th, our ProbusFX Team participated in the 5KM Corporate Race in the Limassol Marathon. The PrimeTel 5KM Corporate Race is the most popular race in the OPAP Limassol Marathon, hosting every year more than 10,000 runners from 200+ companies. Having taken this opportunity, our ProbusFX team donated to Karaiskakio Foundation, supporting ...

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Seasons Greetings from ProbusFX

From everyone here at ProbusFX, We wish you a marvelous time with your family and friends during the Holiday Season. Please note that there will be some changes regarding the trading hours during the holiday season. For more information please refer to the Christmas and New Year Trading Hours. We also want to take this moment to thank you for being a valued client, partner and follower. We are looking forward to serving you for many years to come. Happy Holidays and Happy New Year 2018. RISK WARNING: Trading in Forex and Contracts for Difference (CFDs), which are leveraged products, is highly speculative and involves a high ...

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Company Announcement

We are pleased to announce the formation of our business specializing in Investment and Ancillary Services. Our company has been authorised and regulated by CySEC (licence number 329/17). Investment Services include the reception and transmission of order in relation to one or more financial instruments and execution of order on behalf of clients. Ancillary Services include the Safekeeping and administration of financial instruments, including custodianship and related services also as foreign exchange services where these are connected to the provision of investment services. For more details please refer to the CySEC website. Our roadmap starts with our mission to provide personalised and ...

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CFDs and FX are leveraged products which carry a high level of risk which can result in the loss of all capital invested.
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