Squared Financial Broker Review: A Comprehensive Guide

Squared Financial is a Cyprus-based online broker offering CFD trading on various instruments, including forex, stocks, indices, commodities, and cryptocurrencies. This Squared Financial broker review delves into the intricacies of their services, analyzing their strengths and weaknesses to help you decide if they’re the right fit for your trading needs.

Summary Table

Feature Key Points
Regulation CySEC (Cyprus Securities and Exchange Commission)
Account Types Standard, Premium, VIP
Minimum Deposit €250
Leverage Up to 1:400
Spreads Variable, starting from 0.6 pips
Trading Platforms MetaTrader 4, MetaTrader 5
Asset Coverage Over 8,800 instruments
Fees & Commissions Low, competitive
Customer Support 24/5 multilingual live chat, email, phone
Education Webinars, articles, video tutorials

Squared Financial Company Overview

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Squared Financial was founded in 2017 and is licensed and regulated by the CySEC, offering a secure and transparent trading environment. They boast several industry awards, including “Best Broker in Europe” and “Best Client Funds Security Cyprus,” highlighting their commitment to client trust and protection.

Squared Financial Account Types and Features

They have two account types: SquaredPro and SquaredElite. Each provides access to various features and benefits, with higher tiers unlocking tighter spreads, lower commissions, and dedicated account managers.

SquaredPro

SquaredElite

  • Average Spread (EUR/USD)- From 1.2 pips
  • Commission- No commission
  • Initial Deposit- 250 USD
  • Base currency available- EUR, USD, GBP, CHF, ZAR
  • Platforms- Mobile App, MT4, MT5
  • Leverage- Up to 1:500
  • Minimum Trade Volume (FX)- 0.01
  • Swap- Yes
  • Automated Trading/Expert- Yes
  • Margin Call Level- 100%
  • Stop Out Level- 30%
  • Average Spread (EUR/USD)- From 0.0 pips
  • Commission- $5 per lot
  • Initial Deposit- 5,000 USD
  • Base currency available- EUR, USD, GBP, CHF, ZAR
  • Platforms- Mobile App, MT4, MT5
  • Leverage- Up to 1:500
  • Minimum Trade Volume (FX)- 0.01
  • Swap- Yes
  • Automated Trading/Expert- Yes
  • Margin Call Level- 100%
  • Stop Out Level- 30%

Squared Financial Minimum Deposit Requirements

The minimum deposit requirement for all account types is $250, which is relatively low compared to other brokers. This makes it a good option for those starting with a smaller budget.

Leverage and Spreads

It offers leverage up to 1:500, which can amplify your profits but also increase your risk. Spreads are variable, starting from 0.6 pips for major forex pairs. While not the tightest in the market, they are generally competitive.

How To Open An Account With Squared Financial?

Opening an account with this broker is straightforward. You can complete the online application form, providing basic personal and financial information. The process is quick and efficient, and you can start trading within minutes after verification.

How To Deposit Money In Squared Financial?

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There are various deposit methods, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. Deposits are generally processed instantly, allowing you to start trading without delay.

How To Withdraw From Squared Financial?

Withdrawals are also processed quickly and efficiently, typically within 24 hours. You can withdraw funds back to the same method used for deposit or choose an alternative method.

Squared Financial Trading Platforms

It provides access to the industry-standard MetaTrader 4 and MetaTrader 5 platforms. These platforms offer a user-friendly interface, advanced charting tools, and a wide range of technical indicators.

 squared financial broker review, squared financial review, squared financial login, squared financial bonus, squared financial account types, squared financial minimum deposit

Also, they have their mobile app trading platform, which is also very user-friendly and easy to navigate.

Asset Coverage

Squared Financial boasts an impressive asset coverage of over 8,800 instruments, including forex pairs, stocks, indices, commodities, and cryptocurrencies. This diversity allows you to diversify your portfolio and trade various markets.

Squared Financial Regulation

As mentioned earlier, this broker is regulated by the CySEC and FSA, ensuring compliance with strict financial regulations and client protection measures. This provides peace of mind knowing your funds are safe and secure.

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 squared financial broker review, squared financial review, squared financial login, squared financial bonus, squared financial account types, squared financial minimum deposit

Fees and Commissions

Squared Financial charges low and competitive fees and commissions. Spreads are variable but generally tight, and there are no hidden fees. Additionally, they offer commission-free trading on certain stocks and ETFs.

Customer Support

They have 24/5 multilingual customer support via live chat, email, and phone. Their support team is knowledgeable and helpful, ensuring you receive timely assistance whenever needed.

Educational Resources

Squared Financial provides a comprehensive range of educational resources for both beginner and experienced traders. This includes webinars, articles, video tutorials, and a glossary of terms. These resources can help you improve your trading skills and knowledge.

Squared Financial Pros and Cons

Pros

Cons

Low minimum deposit Limited regulatory oversight compared to some brokers
Competitive spreads and fees Variable spreads can be unpredictable
Wide range of assets Leverage might be too high for beginners
User-friendly platforms
Strong customer support

Squared Financial Client Feedback and Reviews

Fortunately, this broker generally receives positive feedback from clients, with an average rating of 4.0 stars on Trustpilot.

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Most of the users appreciate their transparency, way of trading, easy navigational website, and their awesome customer service department.

 squared financial broker review, squared financial review, squared financial login, squared financial bonus, squared financial account types, squared financial minimum deposit

 squared financial broker review, squared financial review, squared financial login, squared financial bonus, squared financial account types, squared financial minimum deposit

 squared financial broker review, squared financial review, squared financial login, squared financial bonus, squared financial account types, squared financial minimum deposit

Comparison Between Square Financial and Other Brokers

Despite this broker being good and secure, you may need to compare this broker with some other brokers in the market to find some good alternatives. For your benefit, we are presenting this small comparison between Squared Financial, IG, and eToro. You can also the individual IG broker review and eToro broker review for a detailed overview.

Squared Financial IG eToro
Year Founded 2005 1974 2007
Forex Pair 40 97 52
Regulated Yes Yes Yes
Minimum Deposit $250 $250 $10-$10,000
Mobile App Yes Yes Yes
Inactivity Fee Yes Yes Yes

Contact Report Scammed Bitcoin For Any Help

If you trade with any trusted broker such as Squared Financial, then you should not worry about your fund’s safety. But, sometimes bad decision can be taken and you can be scammed due to that decision. In that case, what should you do?

If you think you have been scammed by any broker, you can contact us for professional help. We will provide you with free consultation and recovery service recommendations to help you recover the lost funds and will also show you guidance from a professional’s perspective.

If you have lost money to companies like KuCoinBitfininx, or RoboForex, please report it today by the below form.

Final Thought

Squared Financial is a relatively new broker with a growing reputation in the CFD trading industry. They offer a combination of competitive fees, a wide range of assets, user-friendly platforms, and strong customer support. While they could improve their educational resources and consider expanding their payment methods, this broker presents a solid choice for traders seeking a reliable and accessible trading platform.

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