Squared Financial offers 2 live trading accounts, a SquaredPro account & SquaredElite account Squared Financial also offers a Demo account where traders can learn the basics of Forex trading and an Islamic Swap-Free account.
Squared Financial At a Glance
| Broker's Name | Squared Financial |
| 🏛️ Headquarters | Cyprus |
| 📅 Year Founded | 2005 |
| ⚖️ Regulating Authorities | Squared Financial (Cyprus) Limited – CySEC Squared Financial (Seychelles) Limited – FSA |
| 🌐 Countries not accepted for trade | United States |
| 📌 Accounts | SquaredPro SquaredElite |
| ☪️ Islamic account (swap-free) | Yes |
| 📒 Demo Account | Yes |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | No |
| ⬆️ Maximum Leverage | 1:30 (Retail), 1:500 (Professional) |
| 👉 Sign Up Bonus | No |
| 💰 Minimum Deposit | $500 USD / R 8000 ZAR |
| 💳 Spread | From 0.0 to 1.2 pips |
| 💳Fees | No Deposit or withdrawal fees |
| 💳 Deposit Options | Credit Cards Debit Cards UnionPay AliPay Skrill Neteller NatWest (Bank Wire) Bank of Cyprus (Bank Wire) |
| 💳 Withdrawal Options | Credit Cards Debit Cards UnionPay AliPay Skrill Neteller NatWest (Bank Wire) Bank of Cyprus (Bank Wire) |
| 📊 Platform Types | MetaTrader 4 and MetaTrader 5 |
| 📶 OS Compatibility | Windows, Linux, MacOS, Android, iOS, Web Browsers |
| 📈 Tradable assets offered | Forex, futures, energies, metals, indices, and shares |
| 💬 Languages supported on Website | English, Spanish, Chinese, French, Italian, German, Arabic |
| 💬 Customer Support Languages | English, Spanish, Chinese, French, Italian, German, Arabic |
| ⏲️ Customer Service Hours | 24/5 |
| 🔎 Open an Account | 👉 Click Here |
Min Deposit
USD 100
Regulators
CySEC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our Squared Financial below.
Squared Financial Account types – 10 key point quick overview:
Squared Financial At a Glance- Squared Financial Overview
- Squared Financial Account Types
- Squared Financial Account Features
- Squared Financial Demo Account
- Squared Financial Islamic Account
- Squared Financial Customer Reviews
- Squared Financial Pros and Cons
- Squared Financial Conclusion
- Frequently Asked Questions
Squared Financial Overview
Squared Financial is a forex company founded in 2005 in Ireland, owned and operated by SquareFinancial (CY) Limited. It has offices in Limassol, Cyprus and Mahe, Republic of Seychelles.
The broker is a Cyprus-based ECN and STP broker and licensed and regulated through CySEC in Cyprus and FSA in Seychelles.
Squared Financial offers trading on over 70 financial instruments spread over six asset classes, namely forex, futures, energies, metals, indices, and shares. Traders also have the option of trading on the popular MetaTrader 4 or the revised MetaTrader 5.
In addition, Squared Financial offers a choice between only two live account types, namely the Squared Pro Account and the Squared Elite Account. It also offers Muslim traders the option to open an Islamic Swap-free account and makes provision for a demo account that can be used by either beginner traders or the more advanced trader that would like to see what Squared Financial has on offer.
Negative balance protection is applied to both account types but only for retail traders. As professional traders are expected to have adequate risk management in place, negative balance protection does not apply where professional traders are concerned.
Squared Financial offers traders competitive trading conditions, a range of useful trading tools, and negative balance protection which is applied to all trading accounts.
Customers from the United States are not accepted as clients at Squared Financial.
Squared Financial Account Types
| 💠Feature | 📈 Squared Pro Account | 📈 Square Elite Account |
| 📊 Minimum Deposit | $100 USD / R 1600 ZAR | $ 5000 USD / R 80 000 ZAR |
| 📈 Spreads | From 1.2 pips | From 0.0 pips |
| 💵 Fees | No Deposit fees / No withdrawal fees | No Deposit fees / No withdrawal fees |
| 💳 Leverage | 1:500 | 1:500 |
| 👉 Open an Account | 👉 Click Here | 👉 Click Here |
Traders are offered a choice between two live account types by Squared Financial, Squared Pro Account and the Squared Elite Account. Each of these account types comes with dynamic features that cater for the various needs and objectives of traders.
Through these two accounts, Squared Financial offers competitive trading conditions together with comprehensive solutions and services.
Squared Financial Account Features
Squared Pro Account
The following features can be expected when opening this account type:
- No minimum deposit requirement
- Variable spreads start from 1.2 pips
- Maximum leverage ratio of 1:30 for retail traders and 1:500 for Professional traders
- Commission-free trading on forex
- Access to MetaTrader 4 and MetaTrader 5
- Market Execution on orders
- Micro-lot trading on forex from 0.01 lots
- Margin call level of 50% and stop-out level of 30%
- Can be converted into an Islamic or Swap-free account
- Access to automated trading as well as Expert Advisors (EAs)
- EUR, USD, GBP, or CHF as the base currency
Squared Elite Account
The following features can be expected when opening this account type:
- Minimum deposit of $ 5 000
- Variable spreads start from 0.0 pips
- Maximum leverage ratio of 1:30 for retail traders and 1:500 for professional traders
- Commissions from $5 per lot on forex
- Access to MetaTrader 4 and MetaTrader 5
- Market Execution on orders
- Micro-lot trading on forex from 0.01 lots
- Can be converted into an Islamic or Swap-free account
- Access to automated trading as well as Expert Advisors (EAs)
- Margin call level of 50% and stop-out level of 30%
- EUR, USD, GBP, or CHF as the base currency
Squared Financial Demo Account
Squared Financial offers traders the option of opening a Demo Account which can be utilized in many ways. Traders can use this account type to practice trading or test their trading skills or investigate what the broker has on offer.
With Squared Financial traders are offered $ 50 000 in virtual funds and access to a trading environment that perfectly mimics a live trading environment, without the trader risking their capital.
The registration process involved with the demo account is simple and hassle-free. Traders only need to complete the online application form, wait for the confirmation email and are ready to start practicing trading online.
Squared Financial Islamic Account
The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitative.
Squared Financial offers Muslim traders who follow Sharia law the option of opening an Islamic Account. Both the Squared Pro and the Squared Elite Account can be converted into that of an Islamic Account.
Traders can expect the same trading conditions and terms as regular trading accounts depending on which kind of account they choose to convert.
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
To convert a live trading account, the following steps can be followed:
- First traders need to register for one of the live Square Financial trading accounts
- Next, verify their email address
- Lastly, traders can request an Islamic Account conversion from the Client Portal as soon as the account has been approved
Squared Financial Customer Reviews
My advice to you is to give them a try
My advice to you is to give them a try, but to go for the demo account first since things are not always clear when you start out, and sometimes the Metatraders can be a bit confusing (saying this from experience, guys)
I usually don’t write reviews on these
I usually don’t write reviews on these sites but I felt I needed to this time because there are some bad reviews here on Squared Financial and I have to tell you that I had a very good experience with them. No glitches, no setbacks, no surprise fees. Works like a charm.
Very fast payout
Received my withdrawal very fast. everything is very fast and efficient with customer support.
Squared Financial Pros and Cons
| ✔️ Pros | ❌ Cons |
| Well-regulated through CySEC | U.S, South African and several other countries not allowed |
| Registered member of ICF | High minimum deposit on advanced accounting options |
| Tight spreads and low commissions | E-payments can only be used for deposits, not withdrawals |
| Low minimum deposit on entry-level account | No referral bonus offered |
| Variety of payment methods | No sign-up bonus, welcome bonus, or deposit bonus is offered with first time sign up |
| Variety of tradable instruments | No trading bonus for loyal customers |
| Superior educational materials | No indication of how long the demo account is valid MetaTrader 4 offered Offered on both live account types Sign-up completed in minutes |
| Expert 24/5 customer support in multiple languages | A limited number of trading instruments |
| MetaTrader 4 offered | Clients from the United States not accepted |
| Offers competitive and attractive trading conditions | |
| Demo account sign-up fully digital | |
| Offered on both live account types | |
| Sign-up completed in minutes | |
| Many educational resources | |
| No additional fees charged on Islamic accounts | |
| Offers an Islamic Account |
Squared Financial Conclusion
Overall, Squared Financial offers 2 live trading accounts, a SquaredPro account & SquaredElite account Squared Financial also offers a Demo account where traders can learn the basics of Forex trading and an Islamic Swap-Free account.
You might also like: Squared Financial Review
You might also like: Squared Financial Demo Account
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Min Deposit
USD 100
Regulators
CySEC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Frequently Asked Questions
Can traders from South Africa open a Squared Financial trading account?
Yes, South Africans can open a Squared Financial trading account.
Does Squared Financial offer leverage?
Yes. Retail traders have access to leverage of up to 1:30 while Professional traders have access to a maximum leverage ratio up to 1:500.
How many instruments can I trade with Squared Financial?
You can trade the following financial instruments:
- Forex
- Metals
- Stocks
- Indices
- Futures
- Energies
- Cryptos
Are there any apps available for a Squared Financial trading account?
MetaTrader 4 and MetaTrader 5.
What are the available deposit currencies for a live trading account?
The following currencies are used by Squared Financial: EUR, USD, GBP, and CHF.
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