SQUAREDFINANCIAL Forex Broker
Basic Information
Seychelles
10-15 years Regulated in Cyprus Regulated in Seychelles Market Maker (MM) Retail Forex License MT4 Full License MT5 Full License Self-developed Global Business High potential risk Offshore RegulatedCompany profile
Rating Index
SquaredFinancial Forex Broker - Complete Information Guide
1. Broker Overview
SquaredFinancial, established in 2005, is a prominent online trading platform that provides a wide range of financial services, including forex and CFD trading. Headquartered in Seychelles, with a significant presence in Cyprus, the company operates under the regulatory oversight of two key authorities: the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). As a private entity, SquaredFinancial is owned by Squared Financial (Cy) Limited, which emphasizes its commitment to transparency and client security.
The broker primarily serves retail traders and institutional clients across various markets, focusing mainly on the European and Asian regions. Over the years, SquaredFinancial has achieved several milestones, including recognition as one of the most transparent brokers in the industry. The company has also expanded its service offerings, continuously adapting to the evolving financial landscape.
SquaredFinancial operates on a STP (Straight Through Processing) model, ensuring that clients' orders are executed directly in the market without dealer intervention. This model enhances trading efficiency and lowers the potential for conflicts of interest, making it a suitable choice for both novice and experienced traders seeking a reliable forex trading environment.
2. Regulation and Compliance Information
SquaredFinancial is regulated by two prominent authorities:
- Cyprus Securities and Exchange Commission (CySEC), License Number: 329/17
- Seychelles Financial Services Authority (FSA), License Number: SD 024
The regulatory licenses granted to SquaredFinancial cover a range of investment services, ensuring compliance with strict European standards. The CySEC license allows the broker to provide services across the European Economic Area (EEA), while the FSA license facilitates operations in offshore markets.
The broker maintains a robust client fund protection policy, ensuring that all client funds are kept in segregated accounts. This practice prevents the misuse of client funds for company operations and enhances the overall security of client assets. Additionally, SquaredFinancial participates in the Investor Compensation Fund (ICF), which provides compensation to eligible retail clients in the event of financial insolvency.
To comply with international regulations, SquaredFinancial implements strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies. These measures are designed to prevent fraud and ensure the integrity of the trading environment, thereby protecting both the broker and its clients.
3. Trading Products and Services
SquaredFinancial offers a diverse array of trading products, including:
- Forex Pairs: The broker provides access to over 40 currency pairs, including major, minor, and some exotic pairs.
- CFDs on Indices: Traders can speculate on major global indices, allowing for exposure to a broad range of market movements.
- Commodities: SquaredFinancial facilitates trading in key commodities such as gold, silver, crude oil, and natural gas.
- Stock CFDs: Clients can trade a wide selection of stock CFDs, giving them the opportunity to invest in major companies without owning the underlying assets.
- Cryptocurrencies: The platform also supports trading in popular cryptocurrencies, enhancing its appeal to a broader audience.
The broker frequently updates its product offerings to include new instruments, ensuring that traders have access to the latest market opportunities. SquaredFinancials commitment to providing comprehensive retail trading services is complemented by its focus on institutional clients, offering tailored solutions to meet their unique needs.
4. Trading Platforms and Technology
SquaredFinancial supports the widely used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, both of which are renowned for their advanced trading capabilities and user-friendly interfaces. These platforms provide traders with various tools for technical analysis, automated trading, and real-time market data.
MetaTrader 4 (MT4): Known for its robust charting tools and extensive customization options, MT4 remains a favorite among forex traders. It supports automated trading through Expert Advisors (EAs), allowing traders to implement their strategies without manual intervention.
MetaTrader 5 (MT5): This platform builds on the features of MT4, offering additional functionalities such as more timeframes, advanced order types, and a built-in economic calendar. MT5 is designed for traders who require more analytical tools and capabilities.
SquaredFinancial also provides a web-based trading platform, enabling clients to trade directly from their browsers without the need for software downloads. Additionally, mobile applications for iOS and Android devices ensure that traders can manage their accounts and execute trades on the go.
The broker operates on a no dealing desk (NDD) model, ensuring that all orders are executed at market rates, which minimizes slippage and enhances trading accuracy. The technology infrastructure is designed for high-speed execution, with servers located strategically to provide low-latency access to the markets.
5. Account Types and Trading Conditions
SquaredFinancial offers two primary account types to cater to different trading needs:
Squared Pro Account:
Minimum Deposit: $0
Spreads: Starting from 1.2 pips
Commission: None
Leverage: Up to 1:500
Squared Elite Account:
Minimum Deposit: $5,000
Spreads: Starting from 0.0 pips
Commission: $5 per lot
Leverage: Up to 1:500
Both accounts offer competitive trading conditions, with the Pro account being more accessible for beginners and the Elite account catering to professional traders seeking tighter spreads and lower trading costs.
Additionally, SquaredFinancial provides Islamic accounts that comply with Sharia law, allowing traders to engage in swap-free trading. The broker also offers a demo account for new traders to practice their strategies risk-free.
6. Fund Management
SquaredFinancial supports a variety of deposit and withdrawal methods, ensuring convenience for its clients. The available methods include:
- Bank Transfers
- Credit/Debit Cards
- E-Wallets: Such as Skrill and Neteller
- Cryptocurrencies
The broker does not impose any fees for deposits or withdrawals, making it cost-effective for traders.
- Minimum Deposit:
- Squared Pro Account: $0
- Squared Elite Account: $5,000
Processing times for deposits are generally instant for electronic methods, while bank transfers may take between 3 to 5 business days. Withdrawals are processed within 24 hours, although the exact timing may vary depending on the method used.
7. Customer Support and Educational Resources
SquaredFinancial offers a comprehensive customer support system available through various channels:
- Email Support
- Phone Support
- Live Chat
- Social Media Platforms: Including Facebook Messenger
The support team is multilingual, providing assistance in English, Arabic, Spanish, Chinese, and other languages. Customer service operates 24/5, ensuring that traders can receive help during market hours.
The broker also emphasizes education, providing a range of resources through its Squared Academy. This includes:
- Webinars
- Ebooks
- Video Tutorials
- Market Insights
These educational materials are designed to enhance traders' understanding of the markets and improve their trading skills.
8. Regional Coverage and Restrictions
SquaredFinancial primarily serves clients in Europe and Asia, with a focus on providing services to retail traders. However, the broker does not accept clients from certain jurisdictions, including:
- United States
- Canada
- Australia
- New Zealand
- Countries under FATF sanctions: Such as Iran, North Korea, and Syria
This geographical limitation is important for prospective clients to consider when evaluating whether to open an account with SquaredFinancial. The brokers commitment to regulatory compliance ensures that it operates within the legal frameworks of the regions it serves.
In summary, SquaredFinancial is a well-established forex broker that offers a robust platform for trading a wide variety of financial instruments. With its competitive trading conditions, regulatory oversight, and commitment to client education, it stands out as a reliable choice for both novice and experienced traders looking to navigate the complexities of the financial markets.
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Latest Reviews
Dorne690
United States
To my surprise, on Friday, August 15th, after making my fourth withdrawal, I attempted to make a 1-lot transaction as usual but failed. At first, I thought it might be an IMR limitation of Squaridfinance, so I tried 0.5 hands, but it was also rejected. I thought maybe this was just a quirk of Squared Finance Friday, so I calmed down. But on Monday, the same problem reappeared! I couldn't even execute 0.4 hands, which ultimately resulted in a loss of funds for me. I feel really sorry
Exposure
08-27
Kavra
Nigeria
They are not letting me withdraw the rest been trying and getting denied for an hour😭
Exposure
08-27
Awad_A
United Arab Emirates
I cannot explain my irritation with random no name brokers asking for 1k+ deposits right from the get go. There is no way I would deposit that. But somehow this broker... doesn't have any?? Maybe it's because of their huge scale, that they are able to sustain this, but regardless, I appreciate the move. Tired it out and feeling confident to make this my main broker now
Positive
3d