Score
SquaredFinancial
Cyprus|5-10 years| https://www.squareddirect.com/
Website
Rating Index
Contact
Licenses
Single Core
1G
40G
1M*ADSL
- The SeychellesFSA regulation (license number: SD024) claimed by this broker is suspected to be clone. Please be aware of the risk!
Basic information
Cyprus
Account Information
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Website
squareddirect.com
Server Location
Germany
Website Domain Name
squareddirect.com
Website
WHOIS.101DOMAIN.COM
Company
101DOMAIN GRS LIMITED
Domain Effective Date
2018-07-12
Server IP
52.28.250.85
Genealogy
VIP is not activated.ProbusFX
Futureinvest
SquaredFinancial
Company Summary
| 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 and Cons
| 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 |
Is SquaredFinancial Legit?
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 |
What Can I Trade on SquaredFinancial?
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 | ❌ |
Account Type
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 |
How to Open an Account on SquaredFinancial?
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.
Leverage
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.
Spread and Commission
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 |
Trading Platform
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 |
Deposit and Withdrawal
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.
Keywords
- 5-10 years
- Regulated in Cyprus
- Market Making(MM)
- Suspicious Scope of Business
- Medium potential risk
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FX1028782487
Hong Kong
I wanted to open an advanced account, pursing more competitive spreads, but it asks for a high deposit of $5,000, so I quitted. Overall, this broker’s offerings seem quite attractive, actually, I am wondering if I just open a pro account or skip this broker? How do you feel about this broker? anybody who can share his trading experience？
Neutral
2022-11-23
Tan Jun Wei
Singapore
SquaredFinancial platform's user interface is really intuitive. Everything is laid out clearly, and I can find all the tools I need without any hassle. The charts are detailed and updated quickly. Plus, the customer support is responsive and always ready to help with any issues I have.
Positive
05-22
珉
United States
thank everyone
Positive
2023-01-14
珉
United States
good lucky everyone
Positive
2023-01-14
Ylimhs
Peru
In my eyes, I think it's a pretty beginner friendly platform! For example, you can try the demo account first without losing real money, study the educational resources... Low leverage is worth mentioning! It is 1:30, a level regulated by many onshore regulators, low for scalpers, but safe for beginners.
Positive
2022-11-21