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Squared Financial Review 2024

165

in rating

4.51

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum
deposit:
  • 250 EUR

Trading platform:

  • MetaTrader4
  • MetaTrader5
Regulation:
  • CySEC
  • FSA
Bonus for deposit:
  • 0%

Squared Financial Review 2024

Oleg Tkachenko
Oleg Tkachenko
Contributor
Oleg Tkachenko
Oleg Tkachenko Author and expert at Traders Union
  • Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

Learn about our editorial policies.

Dr. BJ Johnson
Reviewed by Dr. BJ Johnson
Editor
Dr. BJ Johnson
Dr. BJ Johnson Developmental English Editor
  • Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito
Fact-checked by Mirjan Hipolito
Cryptocurrency and stock expert
Mirjan Hipolito
Mirjan Hipolito Cryptocurrency and stock expert
  • Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.
Updated:
Updated: April 15, 2024
Oleg Tkachenko
Contributor
Dr. BJ Johnson Reviewed by Editor
Mirjan Hipolito Fact-checked by Cryptocurrency and stock expert
Visit Squared Financial
Your capital is at risk. 69.9% of retail investor

165

in rating

4.51

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum
deposit:
  • 250 EUR

Trading platform:

  • MetaTrader4
  • MetaTrader5
Regulation:
  • CySEC
  • FSA
Bonus for deposit:
  • 0%

Note!

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Summary of Squared Financial Trading Company

Squared Financial is a broker with higher-than-average risk and the TU Overall Score of 4.51 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 consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. Squared Financial ranks 165 among 414 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

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.

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.

💰 Account currency: EUR, USD, GBP, CHF
🚀 Minimum deposit: 250 EUR
⚖️ Leverage: 1:30
💱 Spread: From 0.0 pips
🔧 Instruments: Crypto CFDs, Futures, Forex, Energies, Metals, Indices, Stock CFDs
💹 Margin Call / Stop Out: 100%/50%

👍 Advantages of trading with Squared Financial:

  • 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.

👎 Disadvantages of Squared Financial:

  • There are no Micro accounts.
  • To access an account with tight spreads from 0.0 pips, you need to deposit $5,000.
  • There is no round-the-clock online chat on the website or in the personal account.

Evaluation of the most influential parameters of Squared Financial

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

4.04

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

7.22

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

7.29

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

7.02

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

4.90

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

6.46

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

6.89

/10

Trade with this broker, if:

  • 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.

Do not trade with this broker, if:

  • 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.
Table of Contents

Geographic Distribution of Squared Financial Traders

Popularity in

47.5%
GB
United Kingdom
28.9%
US
United States
8.3%
AU
Australia
7.2%
CA
Canada
1%
ZA
South Africa
1%
NO
Norway
1%
IN
India
1%
TR
Turkey
0.02%
DE
Germany
0.02%
SI
Slovenia
0.06%
Others
Others

Video Review of Squared Financial i

User Satisfaction i

62 comments
Total score:
5.2 /10

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viduranga
7 weeks ago

I have been working with Squared Financial for the past few months. Overall, I find the collaboration with this company satisfactory. However, I noticed that sometimes they were a bit slow to respond to my email inquiries, sometimes taking up to two days to get a response. But trading with Squared Financial is possible; the broker does not manipulate my orders.

0
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sieggitch
9 weeks ago

Pursuant to Squared financial, they have the fastest trading platform. But in fact, order processing in this company can take from a few seconds to five minutes. I trade with two companies and see a big difference in the speed of order processing. Unfortunately, Squared financial's support team thinks there is nothing wrong with the company, but I have a different opinion. Therefore, I stopped working with this broker.

0
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mohabbatali
12 weeks ago

My collaboration with Squared Financial was not profitable. I deposited $1000 into the account and traded with leverage of 1:30. However, even with minimal trades and such leverage, the risks of losses are very high due to constant slippages and price gaps in the Squared Financial terminal. This leads to significant losses. The customer support insists that such issues exist with all brokers, but I am currently trading with another brokerage, and everything is completely different there.

0
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dayudi
15 weeks ago

I didn't find anything interesting with Squared Financial. My assessment of this company is poor. Despite the website claiming to offer an excellent selection of trading assets, in reality, a wide range of assets is only available to traders with an account balance of at least $10,000. Other favorable conditions are also tailored for traders with significant capital. For those trading on a classic account, Squared Financial provides high spreads, significant slippage, and rudeness from customer support.

0
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luv
18 weeks ago

The Squared Financial website claims to have fast order execution and major liquidity providers. But if this were true, my orders would not open for 3-5 minutes. And besides all, slippages are common on the Squared Financial platform; the size of slippages can be above 48 pips. Under such trading conditions, there is no talk of profit at all.

0
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AlexThoBP
19 weeks ago

Presenting evidence or not, the truth is always on the broker's side. I have repeatedly asked Squared Financial support to solve the platform freezing issue, but they constantly assured me that everything was fine with the company, and the problem was with my provider. Okay, I changed the provider. Did anything change? Nothing! Squared Financial simply shifts problems onto its clients.

0
Responses to a comment
Pangya to AlexThoBP
15 weeks ago

That's true. Over six months of trading, whenever there were disputable issues, Squared Financial consistently resolved them in their favor. That's why I decided to leave.

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lnudupa
21 weeks ago

I was unable to close my trade with squared financial. I didn’t set a stop loss timely, I thought about closing it manually. And I couldn’t do it. The deposit was melting before my eyes, but I just watched. When they let me close the trade, I lost more than half of my deposit. I believe that squared financial is engaged in manipulations with client orders.

0

Expert Review of Squared Financial

Squared Financial is a regulated Forex and CFD broker that acts as a financial intermediary for individual and institutional clients. The company offers 7 classes of trading assets, tight market spreads, and passive income solutions. Thus, the Multi-Account Managers (MAM) service is available to investors and experienced managers. You can also make money on affiliate programs.

Squared Financial provides an optimal trading environment for professional market participants. Traders who have deposited over $5,000 can trade with spreads starting from 0.0 pips. The broker also offers favorable trading conditions for beginners like no minimum deposit, the possibility to train on demo accounts, and high-quality training.

All clients, regardless of the amount deposited, have access to free analytics, dynamic leverage up to 1:500, and access to trading via MT4 and MT5. At the same time, Squared Financial support staff promptly answers customer questions via online chat, Facebook messenger, and email.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Latest Squared Financial News

15.04.2024
SquaredFinancial launched an enhanced version of its mobile app
​SquaredFinancial, a fintech investment and wealth management company, has announced the addition of new, improved features to its mobile
08.04.2024
SquaredFinancial launches new expanded partnership schemes
​Investment and wealth management fintech company SquaredFinancial, which also offers brokerage services, announced the launch of new terms for its
More Squared Financial News

Dynamics of Squared Financial’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
Percentage of the Traders Union users who chose this broker

Investment Programs, Available Markets and Products of the Broker

Squared Financial enables clients to generate both active and passive income. For experienced managers and investors, the broker offers the Multi-Account Managers (MAM) service. Squared Financial does not have a proprietary social trading platform, but investors can use MT4 and MT5 trading terminals to connect to the built-in services for copying transactions of other MQL5.community members. In turn, successful traders can make their own trading strategy available and receive passive income.

Multi-Account Managers — high-security trust accounts with investment protection 

The unique MAM technology allows an experienced trader (account manager) to simultaneously manage the accounts of an unlimited number of passive investors. At the same time, the investor gets increased protection of funds due to contracting with the manager after full disclosure of information about him. The manager does not have access to all the investor’s funds: he opens transactions using only the volume of investments that the passive investor has entrusted to him. Features of the Multi-Account Managers service:

  • Only an institutional partner who has provided Squared Financial and potential investors with full information about themselves can become a manager.

  • Management of accounts can be opened on the MT4 and MT5 platforms.

  • The investor has the right to close the account manager’s transactions; that is, correct his strategy if it does not correspond to the acceptable level of risk.

  • An investor can arrange for individual settings. The investor has access to setting the limit for the maximum lot for transactions and the maximum amount of loss as a percentage of the account balance.

Before transferring funds under management, the account manager enters into a separate agreement with each passive investor. It contains all the conditions of cooperation, the rights and obligations of the parties, and the amount of remuneration for the manager. The Master assumes legal responsibility for the money entrusted to him, which guarantees full transparency of the process.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Squared Financial’s affiliate program

  • Introducing Broker (IB). The amount of remuneration for the single and multi-level IB program is up to 65% of the trading commission of the attracted referral.

Both financial corporations and private traders can become partners. The more open transactions users make, the more income the IB gets. Institutional clients also have access to White Label, MAM, institutional partnership as well as improved liquidity solutions.

Trading Conditions for Squared Financial Users

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.

250 EUR

Minimum
deposit

1:30

Leverage

24/7

Support

💻 Trading platform: MetaTrader 4, MetaTrader 5
📊 Accounts: SquaredPro, SquaredElite
💰 Account currency: EUR, USD, GBP, CHF
💵 Replenishment / 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: 250 EUR
⚖️ Leverage: 1:30
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: From 0.0 pips
🔧 Instruments: Crypto CFDs, Futures, Forex, Energies, Metals, Indices, Stock CFDs
💹 Margin Call / Stop Out: 100%/50%
🏛 Liquidity provider: MarketPlace (proprietary aggregator)
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Market execution
⭐ Trading features: Invest funds in МАМ accounts; Islamic accounts; Affiliate program with high commissions.
🎁 Contests and bonuses: Welcome deposit bonus, Cashback
Open a real account
Your capital is at risk. 
69.9% of retail investor accounts lose money when trading CFDs with this provider.

Comparison of Squared Financial with other Brokers

Squared Financial RoboForex Pocket Option Exness Forex4you AMarkets
Trading
platform		 MetaTrader4, MetaTrader5 MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader Pocket Option, MT5, MT4 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading, MT5 MT4, MT5, AMarkets App
Min deposit $250 $10 $5 $10 No $100
Leverage From 1:1
to 1:30 		From 1:1
to 1:2000 		From 1:1
to 1:1000 		From 1:1
to 1:2000 		From 1:10
to 1:1000 		From 1:1
to 1:3000
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 1.2 point From 1 point From 0.1 points From 0 points
Level of margin call
/ stop out		 50%  /  30% 60%  /  40% 30%  /  50% No  /  60% 100%  /  20% 50%  /  20%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Market Execution, Instant Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No Yes No
Compare with other Brokers

Broker comparison table of trading instruments

Squared Financial RoboForex Pocket Option Exness Forex4you AMarkets
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto Yes No Yes Yes No Yes
CFD Yes Yes Yes Yes Yes Yes
Indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No Yes No No No No
Options No No No No No No

Squared Financial Commissions & Fees

Information
Traders Union’s analysts analyzed the trading conditions of Squared Financial and found that the broker withholds only trading commissions from its clients. Squared Financial applies spread on all accounts. Elite accounts also have a $5 commission per lot for all Forex instruments. The broker does not charge a fee for depositing and withdrawing funds. Fees charged by payment systems for making payments on the company’s website are not specified.
Account type Spread (minimum value) Withdrawal commission
Pro from $12 No
Elite from $0.1 No

There is a commission for transferring a position to the next day (swap). Also, experts of the analytical department of Traders Union calculated the average commissions of Squared Financial, Admiral Markets and FXPro, and then compared the results in the table below.

Broker Average commission Level
Squared Financial $6 Medium
RoboForex $1 Low
Pocket Option $8.5 High
Logo Squared Financial
$6
Logo RoboForex
$1
Logo Pocket Option
$8.5

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:

  • 7 asset classes available for trading.

  • More than 15 payment systems are available for depositing and withdrawing funds.

  • 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:

  • 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. 

  • 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.

  • 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:

1

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.

2

The broker does not charge a commission for depositing or withdrawing funds.

3

There is an affiliate program with high commissions.

4

There is quality education materials and free analytics.

5

There are several types of bonus programs available such as cashback for trading and a welcome bonus.

6

Muslim traders can open Islamic accounts.

The broker does not restrict clients’ trading strategies. Hedging, scalping, automated trading, and advisors are all allowed here.

How to Start Making Profits — Guide for Traders

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:

Account Type
Description
Pro
Pro is a standard account. It can also be used by experienced market participants to test the broker’s service and terminals. Spreads on Pro accounts start at 1.2 pips and there are no additional trading fees.
Elite
Elite is an account for professional trading with a minimum deposit of $5,000. Spreads on this type of account are as tight as possible, from 0.0 pips. However, the broker charges another type of trading fee, which is a commission per lot of $5.

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.

Investment Education Online

Information

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.

Information available in the Education section
Information not available at the Squared Financial website
Video tutorials on online trading: strategies, terminal functionality, psychology, indicators
Principles and options for passive investing
Forex trading tutorials
Explanation of fundamental analysis
Glossary of Forex terms
How to set up algorithmic trading
Answers to frequently asked questions (FAQs) about trading
Explanations of the concept of “risk management”
Forex Basics eBooks
 
Educational articles on current market events
 
Webinars from Certified Financial Planner Rony Nehme
 

Security (Protection for Investors)

Information

Financial holding Squared Financial (CY) Limited is registered in Cyprus. It consists of two companies: Squared Financial (Cyprus) Limited (CySEC License No.329/17) and Squared Financial (Seychelles) Ltd (FSA SC License No.SD024).

CySEC (Cyprus Securities and Exchange Commission) and FSA SC (Seychelles Financial Conduct Authority) are international bodies that oversee the activities and financial position of brokerage companies reporting to them. All Squared Financial’s clients are insured by Lloyd’s of London, which guarantees $1,000,000 net loss return per client in the event of the company’s closure or bankruptcy.

👍 Advantages

  • Customer accounts are separated from the broker’s corporate accounts
  • All trading operations are carried out following the Client Agreement
  • An insurance policy is available to cover damages related to the broker’s financial insolvency

👎 Disadvantages

  • Regulators impose a fine on the broker only in case of registering systematic violations of obligations
  • It is impossible to open and top up an account without passing the verification

Withdrawal Options and Fees

  • Squared Financial does not charge deposit or withdrawal fees. Payment systems charge a fee for transactions under an internal customer service offer.

  • Money can be withdrawn to a bank account and to cards (debit and credit), via EPS protocols. There are 13 electronic payment systems available, including the Finrax provider, which allows you to make payments in cryptocurrency.

  • Money is credited to e-wallets instantly. Withdrawal to a bank account takes 2-3 business days.

  • There are limits for bank transfers: the minimum amount is USD/EUR 150. Withdrawal by bank details in other currencies is not carried out.

  • A complete list of currencies available for withdrawal: USD, EUR, GBP, CHF, IDR, MYR, THB, VND, CNY, BRL, COP, MXN, KRW, ZAR, BTC, BCH, ETH, LTC, XRP, USDT.

  • Withdrawals are made the same way that is used to make a deposit.

Customer Support Service

Information

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:

  • online chat;

  • phone number that can be found in the Contact Us section;

  • email to support@squaredfinancial.sc;

  • Facebook Messenger;

  • 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 squaredfinancial.com
Contacts Email:  support@squaredfinancial.com,
Phone:  +357 22090227
Sign up for Squared Financial
Your capital is at risk. 
69.9% of retail investor accounts lose money when trading CFDs with this provider.

Review of the Personal Cabinet of Squared Financial

You can start trading with Squared Financial only after creating a personal account on the company’s website. A quick guide to starting trading looks like this:

1

Register on the Squared Financial website. To do this, click the Start Trading Now button and fill out a standard form, choose Individual for the client status. Indicate your last and first name, country of residence, phone number, email, preferred language of communication. Create and repeat a password, and then click Continue. You can also register through your Facebook profile. Next, you need to enter the 4-digit PIN that is sent to the email address you specified.

Squared Financial Review - Registration
Squared Financial Review - Registration
Squared Financial Review - Registration
2

Authorization in the personal account. Enter the email and password specified during registration. Further, to activate all functions of the account, you must fill in the blocks with personal data, financial and tax information, and trading experience. After completing the questionnaire, you must provide scanned copies of documents for verification.

3

In the personal account, a Squared Financial client can do the following:

1. Open trading accounts:

Squared Financial Review - Opening a trading account
Squared Financial Review - Opening a trading account

2. Make a deposit, transfer funds between accounts opened with Squared Financial, and withdraw money:

Squared Financial Review - Financial transactions
Squared Financial Review - Financial transactions

1. Open trading accounts:

Squared Financial Review - Opening a trading account
Squared Financial Review - Opening a trading account

2. Make a deposit, transfer funds between accounts opened with Squared Financial, and withdraw money:

Squared Financial Review - Financial transactions
Squared Financial Review - Financial transactions

The main sections of the personal account:

  • Partners’ menu. Using the menu, you can apply for participation in the affiliate program and see statistics on the accrued remuneration.

  • Downloads. Here you can download trading terminals for installation on mobile devices and PCs.

  • Educational and analytical tools. They are displayed in the sections labeled FAQs, Economic Calendar, and Academy.

Disclaimer:

Your capital is at risk.  69.9% of retail investor accounts lose money when trading CFDs with this provider.  CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Squared Financial Review Squared Financial Review

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FAQs

Do reviews by traders influence the Squared Financial rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Squared Financial you need to go to the broker's profile.

How to leave a review about Squared Financial on the Traders Union website?

To leave a review about Squared Financial, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Squared Financial on a non-Traders Union client?

Anyone can leave feedback about Squared Financial on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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