SQUAREDFINANCIAL-Overview of Min.Deposit, Spreads & Leverage

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

SQUAREDFINANCIAL, a trading name of Squared Financial Services Limited, was founded in 2005 by a group of experienced financial services professionals to provide online trading services to individual and institutional investors, with its administrative centre located in Limassol, Cyprus.

Here is the home page of this brokers official site:

The company is currently authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC, No: 329/17), Federal Financial Supervisory Authority (BaFin, No. 149174), Banque de France (BDF, No. 71593), Financial Conduct Authority (FCA, No. 788360), and Comisión Nacional del Mercado de valores (CNMV, No. 4421).

Note: The screenshot date is February 7, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.

Market Instruments

The company offers investors 10,000+ instruments across 7 different asset classes including CFDs on forex, metals, stocks, indices, futures, energies, and cryptocurrencies.

Account Types

To meet different traders' trading needs and experience, the company offers two different types of accounts, namely the Pro account (minimum deposit of $0) and the Elite account (minimum deposit of $5,000). SQUAREDFINANCIAL also offers demo and Islamic accounts.

Leverage

The leverage is capped at 1:500. 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.

Spreads & Commissions

Squared Pro accounts are commission-free accounts with spreads starting from 1.2 pips; Squared Elite accounts have a spread of 0.0 pips and a commission of $5 per lot traded.

Trading Platform

SQUAREDFINANCIA offers traders the market-leading MT4 and MT5 trading platforms or Squared WebTrader. Traders can create custom layouts and templates to suit their trading market and style with MT4, efficient, user-friendly and flexible, available for Apple IOS and Android systems. MT5 is the best choice for modern traders, with a market depth system and a separate order and trade accounting system. It is a highly-versatile trading platform offering a wide range of excellent trading possibilities and embedded expert market analysis tools.

Deposit & Withdrawal

SQUAREDFINANCIAL welcomes several methods for traders to deposit and withdraw funds: Visa, MasterCard, Bank, Transfer, Skrill, NETELLER, e-wallets and cryptocurrencies. There is no minimum initial deposit requirement.

Customer Support

SQUAREDFINANCIALs customer support can be reached by telephone: 002484671943, email: support@squaredfinancial.sc, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Telegram, Twitter, Facebook and Instagram. Company address: Commercial House 1, Office no 4, Eden Island, Mahe, Seychelles.

Pros & Cons

Frequently Asked Questions (FAQs)