SquaredFinancial-Some Detailed Information about This Broker

General Information & Regulation

SquaredFinancial is an online trading and investment platform, founded in 2016 and currently headquartered in Cyprus. The company behind the brand “SquaredFinancial” is SquaredFinancial (CY) Limited. This company claims that it holds an general financial license from the Central Bank of Ireland. However, this license is suspected to be clone one.

Market Instruments

You can Choose from 7 different asset classes and 10000+ trading instruments. The Tradeable Instruments offered by the squared financial includes, Forex, Crypto, Indices, metals, Energy, Futures, and stocks.

Account & Leverage

The Broker offers 3 Trading accounts: SquaredElite, with leverage of 1:3, spreads of 0.0 pips, and commission of $5 per lot with minimum deposits of 5000 EUR. SquaredPro; with no commissions and 1.2 pips spread, leveraged at 1:3 and minimum deposit of 250 EUR. All with minimum trade size of 0.01 lots on FX. Leverage limit depends on clients categorization. For Retail clients, Leverage is up to 1:30. For Professional clients, Leverage is up to 1:500

Trade Size

The minimum trade size is 0.01 lot and maximum of 50 lots size.

Spreads & Commissions

Squared Financial earns its money through a combination of commissions and spreads. There is no commission for Gold account holders, however, Platinum account holders are charged a $6 commission and Diamond accounts come with a $25 charge per million.

Spreads are not competitive for Gold account holders, with an 11 pip spread on the EUR/USD. However, you can benefit from zero-spreads when trading the same pair as a Platinum or Diamond account holder, and spreads remain decent on other major FX pairs, for example, 1 pip on the GBP/USD and EUR/GBP.

There are no fees for account inactivity or for holding positions open overnight.

Trading Platform

The main trading platform available with SquaredFinancial is MetaTrader 4 (MT4) accessible on any device. FIX 4.4 API Connection is also available for institutional clients upon request. The MT4 platform is currently the market-leading forex trading platform and has garnered a whole raft of industry awards. It is the chosen trading platform for traders of all experience levels thanks to its easy-to-use layout, customisability and robust charting features.

Trading Tool

Squared Financial offers trading calculators. With these trading tools, traders can simply calculate the possible outcomes of their trades and hedge against risks. Use SquaredFinancial Real-Time Economic Calendar to monitor market events such as Indicators, Monetary Policy Decisions and Announcements from all over the world; important events that have the power to impact the movement of the financial markets.

Deposit & Withdrawal

At SquaredFinancial, traders can fund their accounts through deposit & withdrawal methods including: Crypto, Insta Transfer, Bank transfer, Credit/ Debit card, and more.

Customer Support

As anyone who has ever traded online before knows all too well, having a decent customer support team in place can make or break a new brokerage looking to make a name for itself. For this reason, when you are looking for a new broker to trade with, you want to make sure that you choose one that has a responsive customer support team who can respond to any queries you might have in a timely and effective manner.

In terms of how SquaredFinancial stacks can be contacted, If you want to get in contact with a member of the customer support team, simply head over to the ‘Contact Us’ section of the website. From there, you will be given a number of contact options, including telephone, email and even Facebook Messenger. They can always be visited or connected via email or phone below.

205, Arch. Makarios Avenue, Victory House, 5th Floor, 3030, Limassol, Cyprus

Phonenumber: +357 22090227

Email: support@squaredfinancial.com