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Score

7.06 /10
Good

SQUAREDFINANCIAL

Seychelles

10-15 years

Regulated in Cyprus

Market Maker (MM)

MT4 Full License

Global Business

High potential risk

Offshore Regulated

https://www.sqfin.sc

Benchmark

B

Influence

C

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Comparison

Quantity 14

Exposure

Open Account
Website

Score

Regulatory Index6.48

Business Index8.32

Risk Management Index0.00

Software Index9.99

License Index7.47

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

SQ Sey Ltd

Company Abbreviation

SQUAREDFINANCIAL

Platform registered country and region

Seychelles

Company website

X

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Company summary

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 2
Previous Detection : 2025-06-04
  • The number of the complaints received by WikiFX have reached 14 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Seychelles FSA regulation with license number: SD024 is an offshore regulation. Please be aware of the risk!

WikiFX Survey

SQUAREDFINANCIAL

Seychelles

WikiFX Verification

SQUAREDFINANCIAL · Benchmark
Average transaction speed(ms)
449.6
The highest transaction speed(ms)
250
The highest speed of opening positions(ms)
250
The highest speed of closing position(ms)
250
The lowest speed of opening positions(ms)
797 Great
The lowest speed of closing position(ms)
1908
Ranking： 90 / 128
Test user 233
Transactions 26,115
Ocuppied margin $986,155 USD
Data Source WikiFX Data provide
Updated: 2025-06-02 01:06:00

Exposure

14 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

It disappears

The agent told me through a phone call that the information provided was true, and that is why I had to invest 18 soles of which I never saw results, and so far nothing yet

2022-03-01 06:07
Unable to Withdraw

Complaint about Profit Write-off

I am the owner of account number 125558 at Squar ed Financial. I invested 2731.81 dollars in the compa ny on 01.03.2024. Then I started trading and my tra ding style was quite normal. By the end of my third day of trading, I had made a total profit of $3304. 0 n 08.01.2024, I requested a withdrawal of 3000 doll ars. On 09.01.2024, a total of 3304 USD profit was deleted from my account due to trading abuse and I was notified that I had to withdraw my principal mo ney. I absolutely deny this. Trading in my acce IS completely consistent with normal market. ts. These are attached with proof.

2024-01-14 18:09
Scam

I couldn't withdraw my money

I had investments in Squared Financial, but I could not withdraw them. I have money left inside, and I'm not even sure if my account is still valid or not. In short, my money was spent. That's why I wanted to disclose these so that others don't get burned. If you don't work properly, what are you doing to distract people, buddy?

2024-03-19 13:54
Unable to Withdraw

Unable to withdrawal

Hello Everyone, Scam Alert Squared Financial is a new Scammer broker in the market they are holding withdrawal of many traders as you can see in the screenshot below. So please Be aware everyone don't deposit with this Scammer broker.

2023-10-25 21:52
Unable to Withdraw

Profit deleted

They deleted my profit which I made doing trade on their platform, I sent them email also regarding this profit deletion, but they just ignore my emails. stay away from this broker.

2024-01-12 00:13
Unable to Withdraw

Complaint about Profit Write-off

I am the owner of account number 125558 at Squared Financial. I invested 2731.81 dollars in the company on 01.03.2024. Then I started trading and my trading style was quite normal. By the end of my third day of trading, I had made a total profit of $3304. On 08.01.2024, I requested a withdrawal of 3000 dollars. On 09.01.2024, a total of 3304 USD profit was deleted from my account due to trading abuse and I was notified that I had to withdraw my principal money. I absolutely deny this. Trading in my account is completely consistent with normal market movements. These are attached with proof. Please help me. I have a complaint about this company!!

2024-01-09 21:13
Unable to Withdraw

Scammed me for 2205 USD, SquaredFinancial is scam broker

Dear Traders,I am here to expose this scam broker, squaredfinancial, I register with them in Sept and made a deposit, screenshot has been attached, made profit of 1000, and wanted to withdraw, made the withdrawal request and company declined the request, they terminated my account, both the proofs are attached to this post, I am going to take legal action against their company,

2023-11-01 21:56
Unable to Withdraw

Profit vanished

On 26-10-23, $4902 in profit vanished from my trading account without explanation. Despite my compliant trading history, this deletion lacks justification. I urge immediate action and reinstatement of the funds. Your swift resolution is crucial.

2023-12-21 05:02
Unable to Withdraw

I can't log into my account and can't withdraw money.

There is a problem with my llan account at this institution. I can neither log in properly nor withdraw money regularly. Someone please help us, we are suffering from this situation now.

2024-03-20 14:57
Scam

I can't withdraw my money

The company called Squared has seized my money and is not paying me. I started trading on Tuesday-Wednesday and I was at a loss on the gold chart and I was making a loss, then there was no problem, then I was always at a loss until Friday, and on Friday at 15:30 or 16:30 there was US data, I was not aware of it, and suddenly there was a profit on the screen, so I closed the transactions, and then they accused me of situations that I did not understand nonsense, cut off communication and confiscated my money. They do not help in any way, they are officially scammers! If this situation continues, my complaints to the relevant licenses and meta system will continue non-stop

2024-04-26 18:32
Unable to Withdraw

THEY DELETED MY MONEY

Hello, I was making a transaction with a company called Squared, and then they sent me an irrelevant e-mail and deleted my money. They unfairly canceled my entire profit portion by giving a ridiculous reason and mentioning prohibited transactions. And I do not accept this. There was important data in America on 05.01.2024 and I made a profit in this way, then I continued my transactions, but they did the deletion on 09.01.2024, I want the necessary action to be taken, I am experiencing unfair victimization...

2024-01-10 19:21
Unable to Withdraw

Squaredfinancial scammed me for USD 2305

Hello,I am here to expose the scam by squaredfinancial, I made adeposit of 1200, screenshot attached to the post, made profit of 1105, and wanted to withdraw, i made the withdrawal and they terminated my account, not giving back my profit and deposit.My account number is MT4: 122007They scammed me for 2305, proofs are attached,

2023-10-30 23:40
Unable to Withdraw

Profit deleted

I am a regular user of Squared Financial from this year September, everything going fine, then suddenly they delete my $4406.74 profit. I contacted them several time, but they didn't revert it. I want my money back...

2023-12-23 04:04
Scam

Scaming with partners and clients

Hope you are doing well, my name is Waqas Khan marketing director Drforexofficial and we have also some sites like www.topbrokersreview.com. I used to work for forex as sales Team leader till 2020 in Cyprus . I am writing as I personally experienced unethical activity from Squared Financial. Below I will try to share exact details and I have all evidence , including linkedin conversation with BDM, CEO, CFO and also I called on their support but so far I am not able to get answer showing proof of any illegal activities but just Whatsapp communication from BDM that I will get email from compliance. We opened CPA(cost per account) with them in September as I was approached by M Aysraful BDM through LinkedIn . Aysraful offered CPA and we reached to an agreement , through Whatsapp communication we continued our partnership and we were able to send 5 ftds which were qualifed as per agreement . October 15th once It was time for payment Aysraful mentioned that I missed point and I need to send at least 10 ftds to get paid as per agreement . I checked agreement once again and agreed for same , following month I was able to send 11 Ftds out of 10 were qualified . November 15 came but again I didn't get paid , once I follow up with Aysraful he start telling me that your clients used same IP so your clients are abusers. I request to send me proof for same , but instead providing proof I am keep only getting message that compliance will send me an email . It's been 20 days I didn't get any email showing illegal activities from clients and I didn't get paid for no reason . Meanwhile they send me email end of November that my partner account got deactivated. I sent 3 emails to support , compliance , complaint and adding CFO but no answer yet . I have shared articles on different sites and shared same on my LinkedIn , got to know with different sources that they didn't pay many partners also recently few clients approach me and mentioned that their withdrawals stuck with Squared.

2023-12-06 06:25
    Sources
    Data Source WikiFX Data provide
    Updated: 2025-06-04
    SQUAREDFINANCIAL · Company summary
    SQUAREDFINANCIAL Review Summary
    Founded2022
    Registered Country/RegionCyprus
    RegulationCYSEC, AMF, FSA, CNMV
    Market InstrumentsForex, Metals, Indices, Energy, Stocks, Futures, Cryptocurrencies
    Demo Account✅
    Islamic Account✅
    LeverageUp to 1:500
    SpreadFrom 0 pips
    Trading PlatformMobile App, MT4, MT5
    Min Deposit$50
    Customer Support24/5 support
    Contact form
    Tel: 002484671943
    Enail: support@sqfin.com, complaints@sqfin.com
    Company Address: Commercial House 1, Office no 4, Eden Island, Mahe, Seychelles
    Regional RestrictionsUK, USA, Canada, Australia, New Zealand, Iran, North Korea, and Myanmar (Burma)

    Founded in 2022, SQUAREDFINANCIAL is a regulated broker registered inCyprus, offering trading in Forex, Metals, Indices, Energy, Stocks, Futures, and Cryptocurrencies with leverage up to 1:500 and spread from 0 pips through Mobile App, MT4, and MT5 platfforms. Demo accounts are available and the minimum deposit to open a live account is just $50.

    SquaredFinancial's homepage

    Pros and Cons

    ProsCons
    Regulated by CYSEC, AMF, FSA, CNMVNot accept e-wallet payments
    Various market offeringsNo live chat support
    Demo accounts availableRegional restrictions
    Commission-free account offered
    MT4 and MT5 supported
    Low minimum deposit

    Is SQUAREDFINANCIAL Legit?

    SquaredFinancial complies with the guidelines established by several important regulatory bodies:

    Cyprus Securities and Exchange Commission (CySEC): SquaredFinancial is regulated under license number 329/17.

    Autorité des Marchés Financiers (AMF): In France, SquaredFinancial operates under license number 71593.

    Seychelles Financial Services Authority (FSA): For its offshore operations, SquaredFinancial is regulated under license number SD024.

    Comisión Nacional del Mercado de Valores (CNMV): In Spain, the firm is regulated under license number 4421.

    Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense Number
    Cyprus
    		Cyprus Securities and Exchange Commission (CySEC)RegulatedSquared Financial (CY) LtdMarket Making (MM)329/17
    France
    		The Autorité des Marchés Financiers (AMF)RegulatedSquared Financial (CY) LtdRetail Forex License71593
    Seychelles
    		The Seychelles Financial Services Authority (FSA)Offshore RegulatedSquared Financial (CY) LtdRetail Forex LicenseSD024
    Spain
    		Comisión Nacional del Mercado de valores (CNMV)RegulatedSquared Financial (CY) LtdRetail Forex License4421
    Regulated by CySEC
    Regulated by AMF
    Offshore regulated by FSA
    Regulated by CNMV

    What Can I Trade on SQUAREDFINANCIAL?

    SqaredFinancial offers over 10,000 financial instruments across 7 asset classes, Forex, Metals, Indices, Energy, Stocks, Futures, and Cryptocurrencies.

    Trading AssetAvailable
    forex✔
    metals✔
    indices✔
    energy✔
    stocks ✔
    futures✔
    cryptocurrencies✔
    bonds❌
    options❌
    ETFs❌
    What Can I Trade on SQUAREDFINANCIAL?

    Account Type/Fees

    Squared Financial offers two typesof live accounts with varying trading costs.

    Account TypeSquared ProSquared Elite
    Accepted CurrenciesEUR, USD, GBP, CHF
    Max Leverage1:500
    Avg EUR/USD SpreadFrom 1.6 pipsFrom 0.0 pips
    Commission❌$7 per lot

    Additionally, this platform offers Islamic (swap-free) accounts that have exactly the same trading terms and conditions as our regular trading account types.

    Account comparison

    Leverage

    Squared Financial offers leverage up to 1:500 for both account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

    Trading Platform

    Squared Financial offers a variety of trading platforms including the popular MetaTrader 4 and MetaTrader 5 platforms as well as their own SquaredFinancial Mobile App.

    Trading PlatformSupported Available Devices Suitable for
    Mobile App✔Mobile/
    MT4✔Desktop, Mobile, WebBeginners
    MT5✔Desktop, Mobile, WebExperienced traders

    Deposit and Withdrawal

    Squared Financial accepts deposits and withdrawals via Bank Transfer, Visa, MasterCard, cryptocurrencies, Insta Transfer, etc.

    Payment methods

    News

    NewsSquaredFinancial offers Trump & Melania meme coins

    SquaredFinancial announced the addition of the new Trump and Melania meme coins to its crypto offerings. This gives investors more opportunities to access popular markets and diversify their trading options.

    WikiFX
    2025-01-29 13:59
    SquaredFinancial offers Trump & Melania meme coins

    NewsSQUARED FINANCIAL: Your Friend or Foe?

    Founded in 2022, SQUAREDFINANCIAL is a regulated broker registered in Cyprus, offering to trade in Forex, Metals, Indices, Energy, Stocks, Futures, and Cryptocurrencies with leverage up to 1:500 and spread from 0 pips through Mobile App, MT4, and MT5 platforms. Demo accounts are available and the minimum deposit to open a live account is just $50.

    WikiFX
    2025-01-08 14:41
    SQUARED FINANCIAL: Your Friend or Foe?

    NewsBe a part of SquaredFinancial Live Talk show on US Election

    The renowned broker, SquaredFinancial is hosting an exclusive pre-election conversation on October 30 with recognized expert analysts Noureldeen Al Hammoury and Dominique El Khoury.

    WikiFX
    2024-10-29 18:59
    Be a part of SquaredFinancial Live Talk show on US Election

    ExposureThe Investor lost both principal and profit because of a broker named Squared Financial

    One unfortunate investor, Sinan, hailing from Turkey, recently found himself in a distressing situation with Squared Financial, a brokerage platform. Sinan shared his harrowing experience with WikiFX, shedding light on how he lost both his principal and hard-earned profit due to what he claims is commercial misconduct by Squared Financial.

    WikiFX
    2024-01-17 16:56
    The Investor lost both principal and profit because of a broker named Squared Financial
    About More

    User Reviews

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    User comment

    14

    Comments

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    SalemM
    0-3months
    I think Sqfin has more base currencies available then some brokers have tradable assets... I tired using ZAR but quickly switched back to dollars, don't really see much benefit in that No minimum depo, however, is something I wasn't expecting at all from a broker with such a professional online presence. I''m not compaining btw, just saying that it's very unusual🤔
    I think Sqfin has more base currencies available then some brokers have tradable assets... I tired using ZAR but quickly switched back to dollars, don't really see much benefit in that No minimum depo, however, is something I wasn't expecting at all from a broker with such a professional online presence. I''m not compaining btw, just saying that it's very unusual🤔
    Translate to English
    2025-05-22 20:09
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    Rafael Garcia
    0-3months
    I am usually on the move but the app is always with me on my phone and it makes it comfy for trading anythign from anywhere :)
    I am usually on the move but the app is always with me on my phone and it makes it comfy for trading anythign from anywhere :)
    Translate to English
    2025-05-08 16:43
    Reply
    0
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    14