Squared Financial Minimum Deposit

The minimum deposit amount required to register a live trading account with Squared Financial is $100. This minimum deposit is equivalent to R 1600 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.

Squared Financial At a Glance

Overall Rating

• 4.5/5

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OPEN AN ACCOUNT

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 Minimum Deposit – 8 key point quick overview:

1. Squared Financial At a Glance
2. Squared Financial Overview
3. Squared Financial Deposit fees and deposit methods
4. A step-by-step guide to depositing the minimum amount into a Squared Financial account
5. Squared Financial Customer Reviews
6. Squared Financial Pros and Cons
7. Squared Financial Conclusion
8. Frequently Asked Questions

Squared Financial Overview

Squared Financial has no minimum deposit requirement on the Squared Pro Account.

The Squared Elite Account, however, requires a minimum deposit of $ 5 000 which is the equivalent of ZAR 72 028,92 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.

Squared Financial is a Cyprus-based broker licensed and regulated through CySEC in Cyprus as well as FSA in Seychelles.

These regulatory entities require that the broker keeps client funds in segregated accounts with top-tier banks, separate from the broker account. These funds may not be used for anything other than trading operations by the trader and must be available to be withdrawn at any given time.

Squared Financial Deposit fees and deposit methods

Squared Financial does not require a minimum deposit when traders open a Squared Pro Account. Opening a Squared Elite Account, however, requires a minimum deposit of $ 5 000 which is rather high when compared with other brokers.

The following deposit payment methods can be used:

• Credit Cards
• Debit Cards
• Skrill
• Neteller
• UnionPay
• AliPay
• NatWest (Bank Wire)
• Bank of Cyprus (Bank Wire)

Deposit currencies that traders can use to make deposits include EUR, USD, GBP, and CHF. Although the broker does not charge any deposit or withdrawal fees, traders should ensure that they verify whether their financial institution waives its fees. These often depend on the payment method used as well as the amount which is deposited into the trading account.

A step-by-step guide to depositing the minimum amount  into a Squared Financial account

1.  Step 1 – Log into the registered account

To deposit funds into the trader’s account can be done once the live trading account has been approved by logging into the Client Portal on the Squared Financial website.

2.  Step 2 – Select the deposit amount

Navigate to the division dedicated to deposits, and enter the amount, currency, and payment method. Depending on the payment method, traders must note that funds could take some time to reflect in the account. Credit, Debit Cards, UnionPay and AliPay will reflect within an hour. Deposits through Skrill and Neteller are instant and through NatWest and Bank of Cyprus, it with reflect between two to three business days. Funds must be transferred in the same currency as the bank account to which they are sending them. Should this not be done, traders may be subjected to currency conversion fees.

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

Squared Financial Conclusion

Overall, Squared Financial Fees, Spreads, and Commissions vary according to the account type the trader uses. The Squared Financial spread list starts from 0.00 to 1.2 pips. Leverage ranges from 1:500. Standard lot sizes and commissions are determined on the account selected. With a minimum deposit that is $100 USD / R1600 ZAR.

You might also like: Squared Financial Account Types

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You might also like: Squared Financial Review

You might also like: Squared Financial Sign Up Bonus

Overall Rating

• 4.5/5

Read Review

OPEN AN ACCOUNT

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

Are my deposits safe with Squared Financial?

Squared Financial is well-regulated through CySEC

What are the deposit and withdrawal methods for Squared Financial?

• Credit Cards
• Debit Cards
• UnionPay
• AliPay
• Skrill
• Neteller
• NatWest (Bank Wire)
• Bank of Cyprus (Bank Wire)

Does Squared Financial accept Bitcoin?

No, Squared Financial does not accept Bitcoin

Does Squared Financial accept Paypal?

No, Squared Financial does not accept Paypal.

How long does it take to make a withdrawal?

Credit/Debit Cards, UnionPay and AliPay is done within an hour. Skrill and Neteller are instant, and NatWest and the Bank of Cyprus can take up to three business days.