Overall, Squared Financial can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads starting from 0.0 to 1.2 pips. Squared Financial offers choices from 7 different asset classes and 10000+ trading instruments.
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 review – 20 key point quick overview:
Squared Financial At a Glance- Squared Financial Overview
- Squared Financial Safety and Security
- Squared Financial Sign-Up Bonus
- Squared Financial Minimum Deposit
- Squared Financial Demo Account
- Squared Financial Leverage
- Squared Financial Accounts
- Squared Financial Market Instruments
- Squared Financial Fees, Spreads & Commissions
- Squared Financial Deposit and Withdrawal
- Squared Financial Trading Platforms
- Squared Financial Best Countries by Traders
- Squared Financial Current Popularity Trend
- Squared Financial vs Exness vs XM – a Comparison
- Squared Financial Customer Reviews
- Squared Financial Pros and Cons
- Squared Financial Conclusion
- Squared Financial Disclaimer
- Frequently Asked Questions
Squared Financial Overview
According to research in South Africa, SquaredFinancial is a Cyprus-based online investment firm founded in 2005 and which offers the trade-in over 60 different assets spread across cryptocurrencies, Forex, energies, metals, and indices
SquaredFinancial serves over 170 countries globally and offers traders a variety of account options, comprehensive educational resources and tools, low spreads, and fixed, low, and competitive commissions.
SquaredFinancial is not only a well-regulated broker with authorization and regulation through CySEC, but the broker has obtained a variety of awards from around the world.
Squared Financial Safety and Security
It is crucial for traders to ensure that, when evaluating brokers, the broker has the necessary regulations in place to ensure that client funds are protected.
SquaredFinancial is well-regulated through CySEC and one of the main requirements is that client funds be kept in segregated accounts apart from the company’s funds, and that these funds only be used for trading purposes and not for any company operations.
SquaredFinancial, in addition, is also a member of the Investor Compensation Fund Policy, which is a scheme that serves the purpose of protecting retail traders in the event of disputes.
Squared Financial Sign-Up Bonus
Squared Financial does not offer new traders a sign-up bonus or also known as a welcome bonus when signing up.
Squared Financial Minimum Deposit
| ⭐ Features | ℹ️ Information |
| 💰 Minimum Deposit | $100 USD / R1600 ZAR |
| 📊 Average spreads from | From 0.0 - 1.2 pips |
| 💳 Deposit / Withdrawal fees | None |
| 📊 Maximum leverage | 1:500 |
| 🔥 Bonus | none |
| ☎️ Customer support | 24/5 |
The minimum deposit amount required to register a Squared Financial trading account is $10. This minimum deposit is equivalent to R160 ZAR at the current exchange rate between the South African Rand & United States Dollar.
Squared Financial Demo Account
Squared Financial does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Squared Financial demo account does not have a specific expiry date.
Squared Financial Leverage
When applied correctly, leverage can help traders increase their chances of greater gains by allowing them to open larger positions despite their initial deposit.
Although, when used excessively and incorrectly, leverage can increase traders’ risk of substantial losses that may exceed their initial deposits.
SquaredFinancial offers traders leverage which ranges from between 1:100 up to 1:500 depending on the type of account the trader uses along with the financial instrument being traded.
Squared Financial Accounts
| 💠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 |
SquaredFinancial offers traders three different account types which are tailored for traders according to varied levels of skills, experience, and knowledge. The accounts offered include:
- Gold Account – with a minimum deposit of $100, spreads starting from 1.2 pips, and zero commissions charged on trades.
- Platinum Account – a minimum deposit of $500, spreads starting form 0.0 pips, and fixed commissions of $6 per trade.
- Diamond Account – a minimum deposit of $20,000, spreads starting from 0.0 pips, and fixed commissions charged at $25 per million USD traded.
Apart from the differences in minimum deposits, spreads offered, and commissions charged on trades, the accounts offered by SquaredFinancial have the following in common:
- Account currencies – Either EUR or USD.
- Leverage between 1:100 and 1:500.
- Tradable instruments including cryptocurrencies, Forex, energies, metals, and indices.
- The option of a demo account.
- The option of converting the live trading account to an Islamic or Swap Free Account, and
- Copy trading support.
It is quite clear, judging by the minimum deposit required, along with the commissions charged, that the three account types adequately cater for various traders, which sets SquaredFinancial apart from its peers.
How to open a Squared Financial account
1. Step 1 – Register an account
To open an account with Squared Financial, traders will have to navigate to the broker’s website and select the option to open a live account.
2. Step 2 – Complete Information
The trader will be required to provide personal and contact information in order to register. This can be done by completing the online application form. After entering these particulars, the application will be processed.
3. Step 3 – Account verification
Once processed, the trader will receive further communication from Squared Financial via email. Once the application has been approved, the trader can download and install MetaTrader 4 onto their desktop or mobile or make use of the Web Portal.
Once this has been completed, the trader can use their credentials to log into their SquaredFinancial account from the trading platform and proceed to fund the trading account with the minimum deposit as indicated per account type.
Squared Financial Market Instruments
SquaredFinancial offers the following tradable financial instruments:
- Cryptocurrencies
- Forex
- Energies
- Metals, and
- Indices
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Squared Financial Fees, Spreads & Commissions
When looking at the fees schedule for Squared Financial, it indicates transparent pricing which is tailored with traders in mind who have varying levels of skills, experience, and knowledge.
SquaredFinancial offers low commission charges along with competitive spreads that range from 0.0 pips to 1.2 pips depending on the type of account the trader uses. Commissions are between $6 per trade and $25 per million USD traded.
The minimum deposits, although some seem exuberant, are quite adequate and relevant when considering the type of traders that they cater for in addition to the features offered.
Despite this, when compared to other brokers, SquaredFinancial weighs in heavier considering the professional/expert account. The minimum deposits range from $100 for the entry-level account, while it is $20,000 for the professional account.
There is no indication of whether SquaredFinancial charges fees pertaining to either account maintenance and management or inactivity fees. Traders will have to verify this information with the broker before opening a live account.
SquaredFinancial does not charge either deposit or withdrawal fees on any of the supported payment methods, but traders may be subjected to fees waived by their banking institution.
Squared Financial Deposit and Withdrawal
SquaredFinancial provides traders with a wide variety of payment methods that can be used when either deposits or withdrawals are made, this includes:
- Credit/Debit Cards (including Visa, Mastercard, Maestro, UnionPay, and AliPay)
- Bank Wire Transfer (including NatWest and Bank of Cyprus)
- E-wallets (only deposits can be done through either Skrill or Neteller)
Traders should note that each payment method has its own supported deposit currency and can be viewed as follows:
- Credit/Debit Cards – USD, EUR, and CNY.
- Bank Wire Transfer – USD, EUR, and GBP.
- Skrill and Neteller – USD and EUR.
Each payment method has its own processing time and despite this, SquaredFinancial cannot be held liable for any delays caused during processing should it be outside of the control of SquaredFinancial as banking institutions can cause such delays.
Processing times according to the supported payment methods include:
- Credit/Debit Cards – within an hour.
- Bank Wire Transfer – within two to three business days.
- Deposits made through Skrill or Neteller are processed instantly.
Squared Financial Trading Platforms
Trading platforms serve as the trading environment, or vehicle, through which transactions are executed and brokers may offer a variety of trading platforms, or they may rely on their own proprietary in-house trading platform which is tailored to their trading conditions.
SquaredFinancial offers the use of MetaTrader 4, which is a reliable, reputable, user-friendly, and highly customizable trading platform that has an array of features that caters for traders regardless of whether they are beginners or experts.
MetaTrader 4 is the most popular trading platform that is used despite the existence of numerous others as it is trusted in providing a comprehensive trading environment along with various tools through which traders can refine their trading strategies and more.
Squared Financial Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇 Zambia | 18.16% |
| 🥇 South Africa | 15.19% |
| 🥇 Italy | 14.83% |
| 🥇 United States | 9.45% |
| 🥇 Turkey | 9.14% |
| 🥇 Others | 33.24% |
Squared Financial Current Popularity Trend
According to Google Trends, here is an overview of how frequently the search term – “Squared Financial” is entered into Google’s search engine over a given period of time.
Squared Financial vs Exness vs XM – a Comparison
| 🔎 Broker | 🥇 Squared Financial | 🥈 Exness | 🥉 XM |
| Established | Established in 2005 | Established in 2008 | Established in 2009 |
| 💵 Min. Deposit | $100 USD / R1600 ZAR | $1 USD / R16 USD | $5 USD / R80 ZAR |
| 💳 Inactivity Fee | No | Yes | Yes |
| ☪️ Islamic Account | 📌 Yes | Yes | Yes |
| 🎉 Demo Account | Yes | Yes | Yes |
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 can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads starting from 0.0 to 1.2 pips. Squared Financial offers choices from 7 different asset classes and 10000+ trading instruments.
SquaredFinancial offers the perfect balance between catering for beginners and experts alike through its comprehensive and competitive trading conditions which feature a variety of tradable assets and transparent pricing.
By providing MetaTrader 4 as a trading platform, traders are provided with a safe, secure, comprehensive, easy-to-use yet sophisticated trading environment and trading experience.
Traders have a variety of payment methods to choose from when making deposits or withdrawals with the added advantage that there are no deposit or withdrawal fees charged by SquaredFinancial.
Squared Financial Disclaimer
SquaredFinancial warns traders that CFDs are complex instruments that involve a high level of risk which may result in incurring substantial losses that may.
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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
Is Squared Financial a fake or scam broker?
Squared Financial is well-regulated through CySEC in Cyprus.
What is the overall rating for Squared Financial?
The overall rating for Squared Financial is 9/10
Does SquaredFinancial offer leverage?
Yes. SquaredFinancial offers maximum leverage of 1:500.
How do I make a deposit and withdrawal with SquaredFinancial?
- Credit/Debit Cards (including Visa, Mastercard, Maestro, UnionPay, and AliPay)
- Bank Wire Transfer (including NatWest and Bank of Cyprus)
- E-wallets (only deposits can be done through either Skrill or Neteller)
Does SquaredFinancial charge withdrawal fees?
No. SquaredFinancial does not charge any withdrawal fees, but traders may be liable for fees waived by their banking institutions.
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