According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- No
- MetaTrader4
- MetaTrader5
- SquaredFinancial Mobile App
- CySEC
- FSA
- 2005
Our Evaluation of Squared Financial
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Squared Financial is a moderate-risk broker with the TU Overall Score of 6.41 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Squared Financial clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Squared Financial is a broker that offers favorable trading conditions for both active traders and passive investors. At the same time, market participants with any level of training can successfully implement their strategies with this broker.
Brief Look at Squared Financial
Squared Financial is a Fintech investment and wealth management company that has been providing brokerage services since 2005. It has offices in Cyprus and the Republic of Seychelles. The broker is owned and operated by Squared Financial (CY) Limited, a group licensed by reputable regulatory bodies such as the Cyprus Securities and Exchange Commission (CySEC, 329/17) and the Seychelles Financial Services Authority (FSA SC, SD024). In 2020, Squared Financial was recognized as the most transparent broker by the Global Awards.
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- Licenses of international regulators such as CySEC and FSA SC.
- Wide range of trading tools — 7 asset classes with different levels of volatility.
- Tight floating spreads starting from 0.0 pips on Elite type of accounts.
- Provides the most popular trading platforms like MetaTrader 4 and MetaTrader 5.
- Huge selection of payment systems for deposits and withdrawals. Many electronic payment systems allow you to make payments instantly.
- There are no Micro accounts.
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Squared Financial offers services through MetaTrader 4, MetaTrader 5, and its mobile app, catering to different trading styles. With no minimum deposit requirements, traders can choose between Pro and Elite accounts with spreads starting from 0.0 pips. Squared Financial supports dynamic leverage up to 1:1000 and offers over 2,000 assets, including Forex, indices, and commodities. Regulated by CySEC and the FSA, it ensures security and diverse deposit methods.
On the downside, Squared Financial lacks micro accounts, which may limit some traders' options. Additionally, while it supports CFD trading, direct ownership of U.S. stocks is not provided. The company is suitable for experienced traders seeking advanced features and high leverage. However, beginners or those seeking more extensive educational resources may find its offerings less comprehensive.
- You prefer direct market access without intermediary intervention, ensuring fairer pricing and faster execution of trades. This also helps if you want benefit from institutional-level liquidity, tight spreads, and swift order execution, enhancing your trading experience.
- You require regulated broker as Squared Financial is licensed and regulated by reputable authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA SC, SD024), providing you with a level of trust and security.
- You seek direct ownership of US stocks, Squared Financial primarily offers Contracts for Difference (CFDs) on US shares rather than actual ownership of the underlying assets.
- You prioritize advanced features such as sophisticated indicators or data feeds. Squared Financial's platforms may not cater sufficiently to your needs, as they primarily offer basic charting and analysis tools.
Squared Financial Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MT4, MT5, SquaredFinancial mobile app |
|---|---|
| 📊 Accounts: | SquaredPro, SquaredElite |
| 💰 Account currency: | EUR, USD, GBP, CHF, ZAR |
| 💵 Deposit / Withdrawal: | Bank transfer, credit/debit cards, Skrill, Neteller, Perfect Money, FasaPay, PayTrust, RPNPay, Finrax, MPSA (China Union Pay), PayRetailers, Help2Pay (FXPay88), AwePay (WalaoPay), EasyEFT (SLDPayments), PagSmile |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | 1:1000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,8-1,1 pips |
| 🔧 Instruments: | Crypto CFDs, Futures, Forex, Energies, Metals, Indices, Stocks & ETFS CFDs |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | MarketPlace (proprietary aggregator) |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market execution |
| ⭐ Trading features: | Invest funds in МАМ accounts; Islamic accounts; Affiliate program with high commissions. |
| 🎁 Contests and bonuses: | Welcome deposit bonus, Cashback |
Squared Financial offers favorable trading conditions for both professionals and novice traders. Clients can choose an account based on the available capital. For trading with small amounts, you can use its Pro account. Spread amounts depend on the selected account type. They are floating and start from 1.2 pips on Pro accounts (no commission per lot) or from 0.0 pips on Elite (with $5 commission per lot). Leverage at Squared Financial is dynamic.
Squared Financial Key Parameters Evaluation
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You can start trading with Squared Financial after creating a personal account on the company’s website. A quick guide to starting trading looks like this:
Register: Fill in your details to create your account
Verify: Submit the necessary documents to verify your account
Fund: Choose from various secure payment options to deposit funds
Trade: Start your trading journey with SquaredFinancial
Regulation and safety
Squared Financial has a safety score of 9.2/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 20 years
- Strict requirements and extensive documentation to open an account
Squared Financial Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 CySec |
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
Squared Financial Security Factors
| Foundation date | 2005 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Squared Financial have been analyzed and rated as Medium with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Squared Financial with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Squared Financial’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Squared Financial Standard spreads
| Squared Financial | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,8 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,1 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,8 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,5 | 1,4 | 0,5 |
Does Squared Financial support RAW/ECN accounts?
As we discovered, Squared Financial does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Squared Financial. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Squared Financial Non-Trading Fees
| Squared Financial | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Squared Financial’s clients can trade from two types of accounts that are available on the MT4 and MT5 platforms. The broker offers different conditions for each such as the amount of the deposit and the trading commission. This is so that both a professional and a novice trader can choose a suitable option.
Types of accounts:
You can test the speed of order execution and get acquainted with the full set of available assets on a demo account.
Squared Financial has tailored the terms of the accounts to suit the needs of traders with varying experience levels and available capital. A high degree of customer focus makes it a versatile broker for both beginners and experienced Forex traders.
Deposit and withdrawal
Squared Financial received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Squared Financial provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Low minimum withdrawal requirement
- Bank card deposits and withdrawals
- USDT (Tether) supported
- No withdrawal fee
- Limited deposit and withdrawal flexibility, leading to higher costs
- Minimum deposit above industry average
- Wise not supported
What are Squared Financial deposit and withdrawal options?
Squared Financial provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT.
Squared Financial Deposit and Withdrawal Methods vs Competitors
| Squared Financial | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Squared Financial base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Squared Financial supports the following base account currencies:
What are Squared Financial's minimum deposit and withdrawal amounts?
The minimum deposit on Squared Financial is $250, while the minimum withdrawal amount is $5. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Squared Financial’s support team.
Markets and tradable assets
Squared Financial offers a wider selection of trading assets than the market average, with over 2000 tradable assets available, including 40 currency pairs.
- Copy trading platform
- 40 supported currency pairs
- Indices trading
- Crypto trading not available
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Squared Financial with its competitors, making it easier for you to find the perfect fit.
| Squared Financial | Plus500 | Pepperstone | |
| Currency pairs | 40 | 60 | 90 |
| Total tradable assets | 2000 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | No | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Squared Financial offers for beginner traders and investors who prefer not to engage in active trading.
| Squared Financial | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
The support service works 24 hours a day, 5 days a week.
Advantages
- Can be quickly contacted on Facebook Messenger
- Support available in 7 languages
Disadvantages
- Doesn’t work on the weekend
Communication channels with company representatives:
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online chat;
-
phone number that can be found in the Contact Us section;
-
email to support@squaredfinancial.sc;
-
Facebook Messenger;
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feedback form.
You can contact the technical support operator through the website or your personal account.
Contacts
| Foundation date | 2005 |
|---|---|
| Registration address | 205, Arch. Makarios Avenue, Victory House, 5th Floor, 3030, Limassol, Cyprus |
| Regulation |
CySEC, FSA
Licence number: 329/17, SD024 |
| Official site | sqfin.com |
| Contacts |
002484671943
|
Education
The Education section of the company’s website contains training materials from its Squared Academy which is managed by its team of experts and analysts. The information published here will be useful not only for novice traders but also for experienced professionals who strive to stay abreast of current market trends.
Comparison of Squared Financial with other Brokers
| Squared Financial | Bybit | Eightcap | XM Group | Exness | Pocket Option | |
| Trading platform |
MetaTrader4, MetaTrader5, SquaredFinancial Mobile App | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | Pocket Option, MT5, MT4 |
| Min deposit | No | No | $100 | $5 | $10 | $5 |
| Leverage |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 1.2 point |
| Level of margin call / stop out |
50% / 30% | No / 50% | 80% / 50% | 100% / 50% | 60% / No | 30% / 50% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | Yes | No |
Detailed Review of Squared Financial
Squared Financial is a Forex and CFD broker that offers online and mobile trading services to individual and institutional clients. The company provides flexible technological solutions adapted not only to professional traders but also to novice market participants. Squared Financial offers a wide range of trading instruments and tools, including cryptocurrencies and Multi-Account Managers (MAM). It also has social trading platforms that allow investors to generate passive income without trading independently.
Squared Financial in numbers:
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7 asset classes available for trading.
-
More than 15 payment systems are available for depositing and withdrawing funds.
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The company’s experience in the international Forex market exceeds 16 years.
Squared Financial is a broker for novice traders and professionals
Squared Financial is a regulated Forex broker that provides the possibility to trade Forex, energy, CFDs, stocks, precious metals, and indices. The company uses NDD technology, which provides institutional level liquidity with tight spreads and fast execution of transactions according to the market execution model. Squared Financial offers its clients two types of accounts with different commission levels and minimum deposits. It allows automated trading and the use of advisors.
Squared Financial provides registered users with the two most popular trading platforms, which are MetaTrader 4 and MetaTrader 5. Mobile applications are available for Android and iOS devices. Desktop versions of MT4 and MT5 work on PCs and laptops with Windows, macOS, and Linux operating systems.
Squared Financial’s useful services:
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Daily market analytics. Traders have access to an exclusive market overview of eight financial tools, comments from financial experts, forecasts of future price movements, and major trends.
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Education section for traders. A section with information on current market trends, the latest news, trading analysis, training guides, and reviews of important events that may affect the movement of financial markets.
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Trading tools. The broker provides free trading calculators to accurately assess opportunities, indicators for technical analysis, and a real-time economic calendar to track market events.
Advantages:
A wide selection of trading tools — 50 currency and 5 cryptocurrency pairs, gold, silver, oil, natural gas, over 1,000 stocks, 13 major indices, plus futures.
The broker does not charge a commission for depositing or withdrawing funds.
There is an affiliate program with high commissions.
There is quality education materials and free analytics.
There are several types of bonus programs available such as cashback for trading and a welcome bonus.
Muslim traders can open Islamic accounts.
The broker does not restrict clients’ trading strategies. Hedging, scalping, automated trading, and advisors are all allowed here.
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