abstrak:SquaredFinancial is a forex and CFD broker, regulated by the Cyprus Securities and Exchange Commission (CySEC), offering over 40 currency pairs and a selection of CFDs, with three account types, leverage of up to 1:30, and the MT4, MT5 and Mobile APP platforms. Demo accounts are available and there is no minimum deposit requirement.
SquaredFinancial Review Summary | |
Founded | 2005 |
Registered Country/Region | Cyprus |
Regulation | CySEC, FSA (Suspicious Clone) |
Market Instruments | Forex, Indices, Futures, Commodities, Stocks & ETFs and Cryptos |
Demo Account | ✅ |
Leverage | 1:30 |
EUR/USD Spread | From 1.2 pips |
Trading Platform | MT4, MT5 and Mobile APP |
Min Deposit | $0 |
Customer Support | Tel: +1 +44 2031371393 |
Email: support@squareddirect.com; support@squaredfinancial.sc | |
X: https://twitter.com/sq_financial | |
Facebook: https://www.facebook.com/squaredfinancial | |
Instagram: https://www.instagram.com/squaredfinancial/ | |
Physical address: 07/1 Wilson Street West End QLD 4101 |
SquaredFinancial is a forex and CFD broker, regulated by the Cyprus Securities and Exchange Commission (CySEC), offering over 40 currency pairs and a selection of CFDs, with three account types, leverage of up to 1:30, and the MT4, MT5 and Mobile APP platforms. Demo accounts are available and there is no minimum deposit requirement.
Pros | Cons |
Regulated by CySEC | Suspicious clone FSA license |
Multiple trading choices | |
Demo accounts | |
Commission-free account offered | |
Flexible leverage ratios | |
MT4 and MT5 trading platform | |
No minimum deposit | |
Popular payment options | |
Comprehensive contact channels | |
Multilingual support |
SquaredFinancial holds two regulatory licenses, one of which is a Market Making license issued by the Cyprus Securities and Exchange Commission (CySEC) (license number: 606110). However, the Seychelles Financial Services Authority (FSA) regulation (license number: SD024) claimed by this broker is suspected of being a clone. Please be aware of the associated risks!
Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number |
Cyprus Securities and Exchange Commission (CySEC) | Squared Financial (CY) Ltd | Market Making (MM) | 606110 |
Regulatory Status | Suspicious Clone |
Regulated by | The Seychelles Financial Services Authority (FSA) |
Licensed Institution | SQ Sey Ltd |
Licensed Type | Retail Forex License |
Licensed Number | SD024 |
SquaredFinancial offers a wide range of trading instruments: Forex, Indices, Futures, Commodities, Stocks & ETFs and Crypto.
Forex: EUR/USD, GBP/JPY, AUD/CAD, CAD/CHF, USD/JPY, EUR/AUD...
Indices: Dow Jones 30, Germany 40, Japan 225, France 40, UK100, Hong Kong 50...
Futures: FRA40, ESP35, GER40, US30, US100, US500, CC, CT, HG...
Commodities: Crude Oil, Gold, Brent Oil, Silver, Natural Gas...
Stocks & ETFs: Apple, Tesla, Microsoft, Barclays, Citigroup, Netflix, Amazon...
Cryptocurrencies: Bitcoin, Litecoin, Ripple, Cardano, Dash, Ethereum, DogeCoin...
Tradable Instruments | Supported |
Forex | ✔ |
Indices | ✔ |
Futures | ✔ |
Commodities | ✔ |
Stocks | ✔ |
ETFs | ✔ |
Cryptocurrencies | ✔ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
SquaredFinancial offers two types of live accounts: SquaredPro and SquaredProElite. The minimum deposits for these two accounts are $0 and $500, respectively. In addition, there is a free demo account available for you to familiarize yourself with the trading market before engaging in real transactions.
Account Type | Min Deposit |
SquaredPro | $0 |
SquaredProElite | $500 |
To open an account on SquaredFinancial, simply follow these steps:
Step 1: Fill in your personal information, such as your name, phone number, and email address.
Step 2: Submit the necessary documents for identity verification.
Step 3: Select a suitable payment method to deposit funds.
SquaredFinancial offers varying levels of leverage for different trading instruments. The leverage for major currency pairs is 1:500, but for highly volatile currency pairs, stock CFDs, natural resource CFDs, metal CFDs, and cryptocurrency CFDs, SquaredFinancial provides significantly lower leverage, ranging from approximately 1:10 to 1:50. This is done to prevent users from incurring large losses all at once.
SquaredFinancial offers customized spreads for various account types. For SquaredPro accounts, spreads begin at 1.2 pips, whereas SquaredProElite accounts feature spreads starting from 0 pips, which is highly competitive.
Regarding commissions, SquaredPro accounts are free from any charges. In contrast, SquaredElite accounts impose a commission of $5 per trading lot, structured as a recurring fee—2.5 upon opening a position and another 2.5 upon closing,which remains below the industry benchmark of $6 per lot.
Account Type | Spread | Commission |
SquaredPro | 1.2 pips | ❌ |
SquaredProElite | 0 pips | $5 per lot |
SquaredFinancial offers you access to MetaTrader 4, MetaTrader 5, and Mobile APP. MetaTrader has become an industry standard due to its high-tech indicators, charting tools, and other useful features. This provides you with significant freedom and flexibility to choose your preferred devices and platforms for trading.
Trading Platform | Supported | Available Devices | Suitable for |
Mobile APP | ✔ | Mobile | / |
MT4 | ✔ | Web and Mobile | Beginners |
MT5 | ✔ | Web and Mobile | Experienced traders |
When making deposits and withdrawals with SquaredFinancial, you have a variety of payment methods to choose from. The primary methods include bank transfers, Visa, Mastercard, cryptocurrencies, and more. Many SquaredFinancial clients have commented on the broker's payment system as being highly convenient.