Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Squared Financial Pros & Cons
- Licenses of international regulators such as CySEC and FSA SC.
- Wide range of trading tools.
- Tight floating spreads starting from 0.0 pips.
- Provides the most popular trading platforms like MetaTrader 4 and MetaTrader 5.
- Huge selection of payment systems for deposits and withdrawals.
- There are no Micro accounts.
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.
TU Expert Verdict
Squared Financial demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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Squared Financial User Reviews
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5-star
21%
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4-star
14%
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3-star
21%
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2-star
26%
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1-star
17%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of Squared Financial have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- No inactivity fee
- No deposit fee
- No withdrawal fee
- 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 OANDA FOREX.com EUR/USD min, pips 0.8 0.1 0.7 EUR/USD max, pips 1.1 0.5 1.2 GPB/USD min, pips 0.8 0.1 0.9 GPB/USD max, pips 1.5 0.5 1.4 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 OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Squared Financial Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9.2 /10Squared 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 21 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 Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 
FSA (Seychelles) Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 Squared Financial Security Factors Foundation date 2005 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5.7 /10Squared Financial offers the following account options: Demo, Standard, Swap Free, VIP.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Exclusive VIP account with enhanced trading conditions
- Low minimum deposit
- Standard account with balanced trading conditions
- No Cent account
- Micro lots are not available
Squared Financial account types vs top competitors Squared Financial Trading.com Plus500 Standard YesYesYesECN/Raw spread NoNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free YesNoNoVIP YesNoNoManaged NoNoNoSquared Financial accounts trading conditions
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 $500. 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.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology7 /10Squared 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.
- Bank card deposits and withdrawals
- Bank wire transfers available
- Low minimum withdrawal requirement
- USDT (Tether) supported
- Wise not supported
- Only major base currencies available
- BTC not available as a base account currency
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 Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are Squared Financial base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Squared Financial supports the following base account currencies: USD, EUR, GBP, CHF.
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.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria7 /10Squared Financial offers a wider selection of trading assets than the market average, with over 2000 tradable assets available, including 40 currency pairs.
- ETFs investing
- Commodity futures are available
- Indices trading
- Bonds not available
- Crypto trading 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 Trading.com Plus500 Currency pairs 40 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 2000 69 2800 Stocks YesNoYesCommodity futures NoNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoNoYesStock indices YesNoYesOptions NoNoYesInvestment 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 Trading.com Plus500 Bonds NoNoNoETFs YesNoYesCopy trading YesNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Squared Financial by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.6 /10We successfully registered an account with Squared Financial in 25 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Squared Financial is $250. The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.
- Fully online account opening process
- Low minimum deposit requirement
- Account approval may require extra time depending on the documentation.
- Registration process may take longer than expected
Squared Financial account opening Squared Financial Trading.com Plus500 Online Registration YesYesYesMinimum deposit $250 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 25 20 KYC time (days) 2 2 3 Is Squared Financial available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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
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Customer Support
Score:We evaluated Customer Support at Squared Financial by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6.5 /10Customer support at Squared Financial is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Squared Financial provides basic support functionality but does not stand out in overall service performance.
InformationThe support service works 24 hours a day, 5 days a week.
- Can be quickly contacted on Facebook Messenger
- Support available in 7 languages
- 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, SD024Official site sqfin.com Contacts support@sqfin.com 002484671943
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FAQs
How safe is Squared Financial in terms of regulation and client protection?
Squared Financial has a safety score of 9.2/10, which corresponds to a high security level in this review. It is regulated by CySEC in Cyprus (Tier-1, with an investor protection fund up to €20,000) and by the FSA in Seychelles (Tier-3, with no specific compensation fund), and it offers negative balance protection and mandatory KYC. The broker was founded in 2005, indicating a track record of more than 10 years, which is one of the factors considered in the safety assessment.
What types of trading accounts does Squared Financial offer and how do they differ?
Squared Financial offers Demo, Standard (Pro), Swap Free, and VIP (Elite) accounts, but does not provide Cent or Micro accounts. The Pro account is a standard account with spreads from 1.2 pips and no additional trading fees, while the Elite account is aimed at professional trading with a $500 minimum deposit, spreads from 0.0 pips, and a $5 commission per lot. The review notes that account conditions are tailored for traders with different experience levels and capital, although micro-lot and cent options are not available.
What do user reviews say about Squared Financial overall?
Squared Financial has a user satisfaction score of 6/10 based on 84 reviews, with 21% 5-star, 14% 4-star, 21% 3-star, 26% 2-star, and 17% 1-star ratings. According to user reviews, the overall tone is mostly negative, as lower ratings slightly outweigh the positive ones in this distribution.
How does the Squared Financial account opening process work and what feedback is there on its speed?
The review states that opening an account with Squared Financial is fully online, took 25 minutes for registration, and about 2 business days for KYC verification, with a minimum deposit of $250. The onboarding procedure is described as functioning as expected but with room for improvement in speed and simplicity, and account approval may take longer depending on the documents provided.
What customer support options and service hours does Squared Financial provide, according to user feedback?
Squared Financial offers customer support 24 hours a day, 5 days a week via online chat, phone, email, Facebook Messenger, and a feedback form, and support is available in 7 languages. The review notes that response times are moderate and service quality can vary, with some requests resolved efficiently and others requiring follow-ups, and support is not available on weekends.
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