SquaredFinancial Forex Broker

SquaredFinancial Forex Broker - Complete Information Guide

1. Broker Overview

SquaredFinancial, established in 2005, is a prominent financial services provider based in Limassol, Cyprus. The company operates under the legal entity Squared Financial (Cy) Limited, which is privately held. Over the years, SquaredFinancial has built a robust reputation in the trading community, catering primarily to retail and institutional clients across various financial markets.

The broker's journey began in 2005, and since then, it has achieved several milestones, including recognition as one of the most transparent brokers globally in 2020. SquaredFinancial offers a unique business model that combines retail forex trading with institutional services, thereby providing clients with access to a wide array of trading instruments and advanced trading technologies.

With a focus on both novice and experienced traders, SquaredFinancial has developed a diverse portfolio of services, including forex trading, CFDs, and wealth management solutions. The broker is committed to delivering exceptional trading experiences through its innovative platforms and comprehensive customer support.

2. Regulation and Compliance Information

SquaredFinancial is regulated by reputable authorities, ensuring a high level of security and compliance for its clients. The primary regulators include:

• Cyprus Securities and Exchange Commission (CySEC), License Number: 329/17
• Financial Services Authority (FSA) of Seychelles, License Number: SD 024

These licenses validate SquaredFinancial's commitment to adhering to stringent regulatory standards, protecting client funds, and maintaining operational integrity. The regulatory frameworks provide a safety net for clients, including participation in compensation schemes that safeguard investor funds in case of insolvency.

SquaredFinancial implements a robust Know Your Customer (KYC) and Anti-Money Laundering (AML) policy, ensuring that all clients are verified and that their funds are secure. This compliance not only enhances the broker's credibility but also fosters trust among its users.

3. Trading Products and Services

SquaredFinancial offers an extensive range of trading products, making it a versatile choice for traders. The broker provides access to:

• Forex Currency Pairs: Over 40 currency pairs, including major pairs like EUR/USD and GBP/USD.
• CFD Products: This includes indices, commodities, stocks, and cryptocurrencies, allowing traders to diversify their portfolios effectively.
• Unique Trading Instruments: SquaredFinancial continually updates its product offerings, ensuring that clients have access to the latest market trends and instruments.

The broker's retail trading services are complemented by options for institutional clients, providing tailored solutions that meet the diverse needs of the trading community. Additionally, SquaredFinancial does not currently offer white-label solutions or asset management services.

4. Trading Platforms and Technology

SquaredFinancial supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are favored by traders for their user-friendly interfaces and advanced charting capabilities. The platforms offer features such as:

• Automated Trading: Traders can utilize Expert Advisors (EAs) for algorithmic trading.
• Web-Based Trading: SquaredFinancial provides a proprietary web trading platform that allows for seamless access to markets without the need for downloads.
• Mobile Applications: The MT4 and MT5 platforms are available on iOS and Android devices, ensuring that traders can manage their accounts on the go.

The broker operates on an ECN (Electronic Communication Network) model, ensuring that traders benefit from institutional-level liquidity and tight spreads. SquaredFinancial's server infrastructure is designed to provide fast execution speeds, enhancing the overall trading experience.

5. Account Types and Trading Conditions

SquaredFinancial offers two main account types tailored to different trading styles:

• Squared Pro Account:

• Minimum Deposit: $0

• Spread: From 1.2 pips

• Commission: None

• Squared Elite Account:

• Minimum Deposit: $5,000

• Spread: From 0.0 pips

• Commission: $5 per lot

Both account types allow for a minimum trade size of 0.01 lots. The leverage offered varies based on the account type, with a maximum of 1:500 for international clients and 1:30 for European clients, in accordance with ESMA regulations.

SquaredFinancial also provides Islamic accounts, which comply with Sharia law by offering swap-free trading options. This inclusivity caters to a broader range of traders, enhancing the broker's appeal.

6. Funding Management

SquaredFinancial supports a variety of deposit and withdrawal methods, ensuring convenience for its clients. The available funding methods include:

• Credit/Debit Cards
• Bank Transfers
• E-Wallets (e.g., Skrill, Neteller)
• Cryptocurrencies

The minimum deposit requirement varies by account type, with the Squared Pro account having no minimum deposit and the Squared Elite account requiring $5,000. Deposits are typically processed instantly, while withdrawal processing times may range from 1 to 5 days, depending on the method used.

SquaredFinancial does not charge deposit fees, making it cost-effective for traders to fund their accounts. However, a 2% fee may apply to withdrawals if no trading has occurred on the account.

7. Customer Support and Educational Resources

SquaredFinancial understands the importance of customer support and provides multiple channels for assistance, including:

• Live Chat
• Email Support: support@squaredfinancial.com
• Phone Support: +357 22090227

The support team is available 24/5, covering multiple languages, including English, Spanish, and Chinese. This accessibility ensures that traders can receive timely assistance with their inquiries.

In addition to customer support, SquaredFinancial offers a range of educational resources through its Squared Academy. Traders can access tutorials, webinars, and market analysis tools to enhance their trading skills and knowledge. The broker also provides daily market insights and trading signals, helping clients make informed decisions.

8. Regional Coverage and Restrictions

SquaredFinancial operates globally, serving clients from various countries. However, it does have restrictions in place for certain regions due to regulatory requirements. The primary markets served include:

• Europe
• Asia
• Africa

Notably, SquaredFinancial does not accept clients from the United States, United Kingdom, and several other countries that are under heavy sanctions, including Iran, North Korea, and Syria.

For a complete list of restricted countries, traders are encouraged to consult the SquaredFinancial website. This ensures compliance with local laws and regulations, safeguarding both the broker and its clients.

In summary, SquaredFinancial is a well-regulated broker offering a comprehensive range of trading products and services. With its commitment to client security, robust educational resources, and advanced trading platforms, it stands out as a reliable choice for traders looking to navigate the financial markets confidently.