SquaredFinancial offers you the opportunity to trade the world’s most popular markets through two different accounts. SquaredFinancial appears to be well-liked by users, as it has received a 4.5/5-star rating on Trustpilot and an excellent rating for trustworthiness. This broker has won several awards, including:
- “Best Broker in Europe” – AtoZ Markets
- “Best Crypto CFDs Trading Platform” – World Business Outlook Awards
- “Best Stock Provider” – Global Brands Magazine
- “Best Client Funds Security Cyprus” – Global Brands Magazine
Regulated by the FSA, SquaredFinancial has many different highlights, including a wide range of assets, many different accepted payment methods, and a variety of educational resources. Read through this review to determine if SquaredFinancial is the right broker for you.
Squared Financial Pros and Cons
Pros
- Regulated by two different bodies
- Wide range of instruments
- Spreads begin at 0.0
- Provides MT4, MT5, and Squared WebTrader platforms
- Wide selection of payment methods
Cons
- There are no micro accounts
- No U.S. traders
Who Is Squared Financial Recommended For?
You can tell a lot about who a broker is best suited for based on the types of educational resources it provides. SquaredFinancial offers several educational resources (and other features) that indicate that it is useful for new traders. First, for one of its two accounts, SquaredPro, SquaredFinancial offers a $0 minimum deposit.
This broker’s educational resources include:
- Educational Articles. SquaredFinancial provides educational articles covering a wide range of topics and breaking news in the financial world. It is important for traders, no matter how seasoned they are, to keep track of the news.
- Market Insights And Signals. This feature gives traders different “busts and booms” within the markets, and these insights include market analyses. Traders will find these insights helpful, particularly if they are new and need a nudge in the right direction.
- Trading FAQs. These “Frequently Asked Questions” contain much of what you’ll need to know as a trader, including calculations, basic terms and definitions, strategies, and more. Just type your question into the search bar, and an article should pop up with an answer.
Judging from the $0 minimum deposit and educational resources, we’d say that SquaredFinancial is friendly to new traders. It has a wide range of assets (as discussed a few sections below), so this broker is suitable for seasoned, experienced traders, too.
Regulated By
- Financial Services Authority (Seychelles)
Top Squared Financial Features
- Asset Range. As aforementioned, SquaredFinancial has an impressive asset range, allowing you to trade over 10,000 instruments across seven different classes. It offers CFDs on crypto, futures, forex, energies, metals, indices, and stocks. There is also an Islamic account for traders who cannot have swap fees due to their religious beliefs.
- Dynamic Leverage. Each trading account has its own leverage requirements, but, with SquaredFinancial, you can get a maximum leverage of 1:500 on certain assets. For major currencies, leverage is 1:30, while for other CFDs, it ranges from 1:10 to 1:50.
- Social Trading. Social trading has become very popular in recent years, particularly among new traders. You are imitating the actions of other successful traders when you social trade. The SquaredFinancial Social Trading Tool lets you choose one or several strategies to follow. A minimum balance of $50 is required, and you retain full control over your positions, even while copy trading.
- Payment Methods. When making deposits and withdrawals with SquaredFinancial, you have a lot of payment methods from which to choose. These include bank transfers, Visa, Mastercard, Crypto, InstaTransfer, and many more. Many SquaredFinancial clients have commented on the convenience of this broker’s payment systems.
- High-Tech Platforms. SquaredFinancial offers its clients MetaTrader 4, MetaTrader 5, and WebTrader, as well as two mobile app. MetaTrader is an industry-standard, as it comes complete with high-tech indicators, charting tools, and other useful features.
- Demo Account. You can test out your strategies and plans before risking real money with SquaredFinancial. This broker offers a demo account with $50,000 in virtual money to its traders. The demo is an invaluable practice tool, and it is free to use at SquaredFinancial.
- Affiliate Program. With this broker, you can become an affiliate, as SquaredFinancial is one of many brokers to offer partnership programs. There is a single- and multi-tier SquaredFinancial program, and you can earn up to 65% of the revenue by being an affiliate. This affiliate program is best for individuals and corporations who want to extend their client portfolio and earn commission from client trades.
Squared Financial Overview
- Type of Broker CFD Brokers, Cryptocurrency Brokers, Forex Brokers, Stock Brokers
- Regulation & Licensing Cyprus Securities and Exchange Commission (Cyprus), Financial Services Authority (Seychelles)
- Clients Accepted from 50 Countries
- Assets Offered 10,000+
- Platforms Available Web, Download, Mobile
- Mobile Compatibility iOS, Android
- Payment Types Accepted Bank Transfer, Visa, Mastercard, Crypto, InstaTransfer, E-Wallets, and more
Squared Financial Account Types
|
SquaredPro |
SquaredElite |
|
|
Features |
Access To The MT4/MT5 Platform, Market Execution, 50% Margin Call, 30% Stop-Out Level |
Zero Spread Account, Access To The MT4/MT5 Platform, Market Execution, 50% Margin Call, 30% Stop-Out Level |
|
Account Currencies |
EUR, USD, GBP, CHF |
EUR, USD, GBP, CHF |
|
Available Leverage |
Up to 1:500 |
Up to 1:500 |
|
Minimum Deposit |
$0 |
$5,000 |
|
Commission Per Trade |
$0 |
$5 per lot |
|
Decimal Pricing |
Up to 5 |
Up to 5 |
|
Trading Instruments |
CFDs On Forex, Crypto, Futures, Energies, Indices, Metals, And Stocks |
CFDs On Forex, Crypto, Futures, Energies, Indices, Metals, And Stocks |
|
Min. Lot Size Per Trade |
0.01 |
0.01 |
|
Spreads |
From 1.2 |
From 0.0 |
|
Demo Account |
Yes |
Yes |
|
Swap/Rollover Fee |
No |
No |
|
Copy Trading Support |
Yes |
Yes |
Trading Platforms
- MetaTrader 4
- MetaTrader 5
- SquaredFinancial WebTrader
- iOS & Android Apps
Trading and Investment Tools
- One-Click Trading Yes
- Trade off Charts Yes
- Email Alerts Yes
- Mobile Alerts Yes
- Stop Order Yes
- Market Order Yes
- Trailing Stop Order Yes
- OCO Orders Yes
- Limit Order Yes
- 24hr Trading Yes
- Charting Package Yes
- Streaming News Feed Yes
Squared Financial Compliance & Regulation
SquaredFinancial is regulated by the FSA in Seychelles (License No. SD024).
Fees & Commissions
- Rollover Fee Depends On Asset
- Margin Interest Depends On Asset
Squared Financial Pricing
With the SquaredPro account, you can access $0 commissions, while the Elite Account has commissions of $5 per lot. Below is a brief overview of the characteristics of each asset class SquaredFinancial offers to its traders:
- Crypto CFDs. You can access minimal fees, wide accessibility, and leading coins, and there is no need to own a wallet.
- Futures CFDs. You have direct access to commodity markets, super-tight spreads, and bidirectional bidding.
- Forex CFDs. Trade 40+ CFDs on forex pairs 24 hours a day, 7 days a week.
- Energies CFDs. You can directly access commodity markets, hedge your portfolio, and access super tight spreads.
- Metal CFDs. Trade spot gold and silver with spreads and swaps as low as 0.0 pips.
- Indices CFDs. Access low-margin requirements and trade seven of the most important global indices as Contracts for Difference.
- Stock CFDs. Trade global stocks with leverage of up to 1:5 for most instruments.
Service Details
- Supported Languages English, Italian, Spanish, Portuguese, French, Dutch, Chinese, And More
- Customer Service By SquaredFinancial
- Customer Service Hours Can Email 24/7 (Phone Hours Are Limited)
- Email Response Time Within 24 Working Hours
- Telephone Orders No
- Personal Account Manager No
Squared Financial Reliability & Security
One feature that SquaredFinancial prides itself on is its client fund security.
Client funds are kept segregated from those of the company, and they are also covered by an insurance policy from the famous Lloyd’s of London. The policy includes repayment of client funds, with a maximum payout of $1 million per client (as long as insurer requirements are met).
Squared Financial User Experience
In addition to its 4.5/5 Trustpilot rating and award-winning track record, SquaredFinancial has gotten pretty good ratings from other traders and trader-centric websites. Here are some of the ratings we have found online and their sources:
- SiteJabber: 4.84/5
- TradersUnion: 6.35/10
- WikiFX: 8.2/10
- FXScouts: 4/5
As you can see, these reviews tend to trend positively, indicating that most users have good experiences when trading with SquaredFinancial (though individual experiences may vary).
Final Thoughts on Squared Financial
Overall, SquaredFinancial is an excellent broker with a lot to offer its clients. It has a wide range of assets (10,000 across 7 classes), two different account types, and the ability to access both $0 commissions and 0.0 percent spreads.
Contact Info
Commercial House 1, Office no 4, Eden Island, Mahe, Seychelles
Squared Financial FAQs
Q: How do I sign up for a SquaredFinancial Account?
A: Go to https://sc.squaredfinancial.com/register and begin the registration process to register for an account at SquaredFinancial.
Q: Where is SquaredFinancial available?
A: This broker is currently available in 50 countries.
Q: Where can I access SquaredFinancial’s legal documents?
A: This broker has their legal documents posted at: https://sc.squaredfinancial.com/about/regulation-license.