Squared Financial Review 2021

Squared Financial Review 2021
Davis J.
Robertson A.
January 2021

248

Position
in rating

Trading terminals:

MetaTrader4 MetaTrader5
248

Position in rating

2.26/10
Overall rating

Trading terminals:

MetaTrader4 MetaTrader5

Summary of Squared Financial Trading Company

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) and the Seychelles Financial Services Authority (FSA SC). In 2020, Squared Financial was recognized as the most transparent broker by the Global Awards.

💰 Account currency: EUR, USD, GBP, ZAR, CHF
🚀 Minimum deposit: Pro — from $1 Elite — from $5,000
⚖️ Leverage: Up to 1:500
💱 Spread: Pro — from 1.2 pips Elite — from 0.0 pips
🔧 Instruments: 50 currency pairs, 5 cryptocurrencies, futures, CFDs on stocks, indices, energy resources (oil, gas), precious metals (gold and silver)
💹 Margin Call / Stop Out: 50%/30%
Attention!

Rebates on Forex transactions are available only to Squared Financial clients who have opened a trading account through the Traders Union website.

👍 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.
  • Accounts do not require a minimum deposit. You can trade with a $1 deposit.
  • There are options for generating passive income such as social trading platforms in MT4 and MT5 terminals, MAM accounts, and affiliate programs.

👎 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.

Overall

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.

Visit Squared Financial

Geographic Distribution of Squared Financial Traders

Squared Financial Latest Comments for 2021

6
1
8

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Squared Financial published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I registered on the Squared Financial platform a couple of months ago, before that I had traded with another broker (left due to problems with payment discipline). The first impression of Squared Financial was positive. On accounts of $ 5,000 or more, spreads are really tight and start from zero. In a calm market, this is true, but with increased volatility, it can reach 1.5-2 points. As for the payment discipline, everything is good. There are many electronic systems available, even in cryptocurrency you can withdraw funds.

As for me, Squared Financial is an unremarkable broker. Well, there are zero spreads here, but to get adequate conditions, you need to replenish your account with at least 5 thousand dollars. Naturally, for beginners, this is an unaffordable entry threshold. The fact that there are many options available for taking profit is definitely a plus. But the situation is similar in many other companies. The main thing is that the broker pays. And for me personally, the reliability of Squared Financial is a big question. Although the company is regulated, the licenses were obtained from offshore regulators. I decided not to contact this office, there are more interesting options.

I believe that Squared Financial does not pull a solid five, but you can safely bet it a four. I liked the fact that the company offers ample opportunities for earning both active traders and passive investors. I prefer to conclude transactions myself and of the main advantages I can mention familiar terminals, a variety of assets for trading, and adequate commissions. It would also be nice if the broker added cent accounts so that beginners could train in the real market, and not on a demo with "candy wrappers".

It is quite possible to make money with Squared Financial, even for novice traders. Yes, there are no micro accounts on this platform, but the demo was enough for me. Plus, it must be said about the absence of a minimum deposit and high-quality tutorials. I have improved my knowledge of trading in financial markets quite well and have already doubled my deposit. It has everything for successful trading - dynamic leverage up to 1: 500 (the main thing is to use it carefully), free analytics, terminals that are comfortable for trading. The flight is normal, I continue to trade here!

I started trading with Squared Financial on the recommendation of a friend who has been with this broker for ten years, if not more. A proven financial agent, you can count on his reliability. The company has enlisted the support of well-known regulators and operates in the legal field. For me personally, this is a guarantee of the safety of funds and the fact that I can earn and withdraw profit. So far, there are no complaints about the execution of transactions, it is always smart. I did not notice any terminal hangs either. Of the minuses, I can only note the lack of a round-the-clock online chat in your personal account. This would greatly simplify and speed up communication with the support when his help is really needed.

I am also trading with Squared Financial for now, but I am looking for a broker with more interesting conditions. I originally chose this company for its posh educational academy. Before that, I was mainly engaged in passive investing and had a vague idea of ​​trading, and with Squared Financial I improved my knowledge. Thanks to the broker for this. However, a year has passed and we already have the necessary experience in trading to move on. And Squared Financial does not have very loyal conditions for accounts under $ 5,000.

Squared Financial gives good money to both beginners and experienced traders at the expense of MAM. You can manage an unlimited number of accounts and get a good percentage of transactions. Yes, you need to provide the broker with full information about yourself and pass the selection. Only professionals are admitted. I believe that it is profitable for the investors themselves to work in this way - thanks to the conclusion of an agreement with the "master", they can count on increased protection of their funds. And, in principle, flexible interaction is provided for there. If investors want, they can edit the manager's trading strategy, open or close deals. Personally, I like everything.

2 3 >

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.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of the Forex Broker

2.26

Overall rating

2.05

/10

Execution of orders

2.47

/10

Investment instruments

2.11

/10

Withdrawal speed

2.41

/10

Customer Support work

1.89

/10

Variety of instruments

2.63

/10

Trading platform

Dynamics of the Popularity of Squared Financial
in 2020 among the Users of the Traders Union

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.
Mär.
Apr.
Mai.
Jun.
Jul.
Aug.
Sep.
Okt.
Nov.
Dez.

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 [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal 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.

Rebate and Discount Programs of the Traders Union for Squared Financial

For more than 10 years, the Traders Union has been paying rebates to traders who have become its partners. Rebates are the compensation of the spread retained by the broker as payment for the agency of a broker at Forex. It is quite easy to become a Traders Union partner. You need to register on the Traders Union website, and then open an account with the selected broker through the Traders Union website. Rebates for trading with Squared Financial are credited only to those clients who have opened a trading account using the Traders Union’s referral link.

Information

Squared Financial credits $10 per 1 lot to Traders Union. The client gets 80% of this amount back.

Example. You have been trading on a Squared Financial account for a month. The total volume of your transactions was 15 lots. The Traders Union partner’s remuneration will be 15x$10=$150. Traders Union will return 80% of this amount to you or $150x0.8 = $120.

Try it!  Try it!

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, the minimum deposit on which starts at $1. 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. The maximum value for major currency pairs is up to 1:500; for metals it’s 1:200; for Exotics and energy resources it’s 1:100.

$1

Minimum
deposit

1:500

Leverage

24/5

Support

MetaTrader4 MetaTrader5
💻 Trading platform: MetaTrader 4, MetaTrader 5
📊 Accounts: Demo, Pro, Elite
💰 Account currency: EUR, USD, GBP, ZAR, 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: Pro — from $1 Elite — from $5,000
⚖️ Leverage: Up to 1:500
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: Pro — from 1.2 pips Elite — from 0.0 pips
🔧 Instruments: 50 currency pairs, 5 cryptocurrencies, futures, CFDs on stocks, indices, energy resources (oil, gas), precious metals (gold and silver)
💹 Margin Call / Stop Out: 50%/30%
🏛 Liquidity provider: MarketPlace (proprietary aggregator)
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Market execution (МТ4) Instant, Request, Market, and Exchange (МТ5)
⭐ Trading features: You can invest funds in МАМ accounts
🎁 Contests and bonuses: Welcome deposit bonus, Cashback

Comparison of Squared Financial with other Brokers

Squared Financial FxPro XM Group Admiral Markets UK AvaTrade eToro
Trading
platform
No MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option MobileTrading, WebTrader
Min deposit No $100 $5 $200 $100 $200
Leverage No From 1:1
to 1:200
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
From 1:2
to 1:30
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread No From 1 point From 1 point From 0 points From 0 points From 2 points
Level of margin call
/ stop out
No 50%  /  50% 100%  /  50% 100%  /  30% 25%  /  10% No
Execution of orders No Market Execution, Instant Execution Market Execution Market Execution Instant Execution Instant Execution
No deposit bonus No No $30 No No No
Cent accounts No No Yes No Yes No

Broker comparison table of trading instruments

Squared Financial FxPro XM Group Admiral Markets UK AvaTrade eToro
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No No No Yes No Yes
Options No Yes No No No Yes

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 Low
FxPro $13.2 High
Squared Financial
$6
FxPro
$13.2
Conclusion

The spread indicated on the website of Squared Financial can be considered the average for the market. However, it should be borne in mind that its competitors are partners of the Traders Union’s rebate service, therefore they partially compensate their clients via rebates on trading commissions.

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 that, due to the absence of a minimum deposit, is primarily suitable for beginners. 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.

Bonuses Paid by the Broker

Welcome deposit bonus

Each new client who opens an account and deposits 100 USD/EUR, receives a bonus of 50 USD/EUR. A trader can use the money for trading or he can withdraw it if, within 1 month from the date of registration, the trading volume for currency pairs and metals is three or more lots.

Squared Financial’s bonuses - Welcome deposit bonus
Squared Financial’s bonuses - Welcome deposit bonus

Cashback

For Pro account holders who have deposited $100 or more, a refund is available for transactions made with Forex instruments and metals. The broker pays traders $2 for each lot traded.

Squared Financial’s bonuses - Cashback
Squared Financial’s bonuses - Cashback

Bonus from Traders Union

Traders Union credits a bonus in the form of spread compensation (rebate) to traders who registered on the Traders Union’s website and then opened an account with a broker through it. At the same time, Traders Union returns the funds spent on the trade commission for all completed transactions. Traders receive a rebate not only for profit but also for unprofitable transactions. A Squared Financial customer can receive a bonus from Traders Union if they open an account as described above. Read here on how to link existing trading accounts to the Traders Union.

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 [email protected];

  • Facebook Messenger;

  • feedback form.

You can contact the technical support operator through the website or your personal account.

Contacts

Registration address Commercial House 1, Office no 4, Eden Island, Mahe, Seychelles
Official site

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.

Tags:

Squared Financial squaredfinancial www squaredfinancial.com squaredfinancial.com squaredfinancial com

The Oldest Reviews of the Squared Financial

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Squared Financial published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

When I registered on the Squared Financial platform, I already heard a lot about this broker from my friends. They said only good things, so I decided not to waste my time and not waste time opening the simplest account. Chose Elite. Here, although there is a high entry threshold, the spreads are record-breaking narrow and in general there are much more opportunities for earning. I saw that the company has opportunities for earning income at MAM, but passive investing is not to my liking. I prefer to open / close deals on my own. IMHO, so it is safer.

And I have a 50/50 ratio to Squared Financial. On the one hand, this broker took care of both the legal basis for the activity and the variety of offers for both active and passive earnings. But in reality, I had a lot of questions for this company. For example, it is unclear why Squared Financial chose offshore regulators and did not bother obtaining permits from more reputable supervisors. But this is just reasoning ... Most of all I did not like the fact that from time to time there are technical failures in the terminal, and the client service works mediocre.

using the Squared Financial platform for about six months. What can I say: it is comfortable to trade with this broker. It didn't take long to deal with the terminals - here are the usual MT4 and MT5. Execution of orders was fast, I did not notice any slippage. And one more important point for me - there is good technical support. Support tries to respond promptly to all questions. It is a pity that there is no online chat, but in principle, replies come quickly to the mail. I joined the referral program recently, but the first leads and rewards for them have already gone. An affiliate program from Squared Financial can be considered as additional income.

Active trading is not mine, all attempts to make deals on my own have not been crowned with success. I realized that I needed to look for some alternative option. It's good that the Squared Financial broker I have worked with has an MAM. Everything is serious here: relations with the manager are built on a contractual basis, and everything is clearly spelled out. As long as I am completely satisfied with the conditions, the profit goes and you can withdraw it without any problems.

I don't see an alternative to Squared Financial yet, as the broker is regulated and reliable, but its conditions are average. This also applies to spreads. In a calm market, they are adequate - they fluctuate in the range of 1.5-1.8 points. But with volatility, there can be large expansions. Of course, this broker has its own strengths as well. In particular, I have never met such a variety of methods for depositing / withdrawing funds from any other financial agent. And the company does not take a commission for replenishment, withdrawal of funds.

Overall, I am satisfied with Squared Financial. Yes, there are some minor flaws here (well, for example, the lack of an online chat, slow support), but I cannot make any claims to this broker regarding trading and withdrawing funds. The company strictly adheres to the agreements and does not throw money at the head. For passive earnings, I also want to join the Squared Financial affiliate program. It is multi-level here and, by the way, there are high commissions for leads. Let's see what happens.

IMHO, Squared Financial is one of the best brokers, although not in the top. The company really cares about the comfort of trading. There are a lot of useful services, ranging from daily analytics and ending with a reading room for traders, free calculators for assessing opportunities. Use yourself and earn! I have already managed to double the deposit here in six months. Squared Financial's commission policy is loyal. True, to access narrow spreads from zero, you need to replenish your account not with $ 1, but for 5K in dollars.

Author of this Review

Squared Financial broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

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.

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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.

Why is it more profitable to work with Squared Financial through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.