Squared Financial Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of Squared Financial trading signals. You will learn what kinds of trading signals Squared Financial offers and what the conditions for using them are.
Short introduction of 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.
| 💰 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% |
Squared Financial Pros and Cons
👍 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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
Squared Financial Trading Signals
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 |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that Squared Financial does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
How are the signals provided via a newsletter?
A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.
Do I need to test trading signals before subscribing to them?
Most definitely yes. Make sure that the signals do work and are effective.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.