SQUAREDFINANCIAL Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.sqfin.sc/register/, the company's legitimate regulatory information CyprusCYSECMarket Making(MM),SeychellesFSARetail Forex License, to enhance the security of the company's address Commercial House 1, Office no 4, Eden Island, Mahe, Seychelles.
SQUAREDFINANCIAL Forex Broker
Basic information
Seychelles
10-15 years Regulated in Cyprus Regulated in Seychelles Market Making(MM) Retail Forex License MT4 Full License MT5 Full License High potential risk Offshore RegulatedCompany profile
Founded in 2022, SQUAREDFINANCIAL is a regulated broker registered inCyprus, offering trading in Forex, Metals, Indices, Energy, Stocks, Futures, and Cryptocurrencies with leverage up to 1:500 and spread from 0 pips through Mobile App, MT4, and MT5 platfforms. Demo accounts are available and the minimum deposit to open a live account is just $50.
Pros and Cons
| Pros | Cons |
| Regulated by CYSEC, AMF, FSA, CNMV | Not accept e-wallet payments |
| Various market offerings | No live chat support |
| Demo accounts available | Regional restrictions |
| Commission-free account offered | |
| MT4 and MT5 supported | |
| Low minimum deposit |
Is SQUAREDFINANCIAL Legit?
SquaredFinancial complies with the guidelines established by several important regulatory bodies:
Cyprus Securities and Exchange Commission (CySEC): SquaredFinancial is regulated under license number 329/17.
Autorité des Marchés Financiers (AMF): In France, SquaredFinancial operates under license number 71593.
Seychelles Financial Services Authority (FSA): For its offshore operations, SquaredFinancial is regulated under license number SD024.
Comisión Nacional del Mercado de Valores (CNMV): In Spain, the firm is regulated under license number 4421.
| Regulated Country | Regulated Authority | Regulatory Status | Regulated Entity | License Type | License Number |
| Cyprus Securities and Exchange Commission (CySEC) | Regulated | Squared Financial (CY) Ltd | Market Making (MM) | 329/17 | |
| The Autorité des Marchés Financiers (AMF) | Regulated | Squared Financial (CY) Ltd | Retail Forex License | 71593 | |
| The Seychelles Financial Services Authority (FSA) | Offshore Regulated | Squared Financial (CY) Ltd | Retail Forex License | SD024 | |
| Comisión Nacional del Mercado de valores (CNMV) | Regulated | Squared Financial (CY) Ltd | Retail Forex License | 4421 |
What Can I Trade on SQUAREDFINANCIAL?
SqaredFinancial offers over 10,000 financial instruments across 7 asset classes, Forex, Metals, Indices, Energy, Stocks, Futures, and Cryptocurrencies.
| Trading Asset | Available |
| forex | ✔ |
| metals | ✔ |
| indices | ✔ |
| energy | ✔ |
| stocks | ✔ |
| futures | ✔ |
| cryptocurrencies | ✔ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
Account Type/Fees
Squared Financial offers two typesof live accounts with varying trading costs.
| Account Type | Squared Pro | Squared Elite |
| Accepted Currencies | EUR, USD, GBP, CHF | |
| Max Leverage | 1:500 | |
| Avg EUR/USD Spread | From 1.6 pips | From 0.0 pips |
| Commission | ❌ | $7 per lot |
Additionally, this platform offers Islamic (swap-free) accounts that have exactly the same trading terms and conditions as our regular trading account types.
Leverage
Squared Financial offers leverage up to 1:500 for both account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform
Squared Financial offers a variety of trading platforms including the popular MetaTrader 4 and MetaTrader 5 platforms as well as their own SquaredFinancial Mobile App.
| Trading Platform | Supported | Available Devices | Suitable for |
| Mobile App | ✔ | Mobile | / |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
Deposit and Withdrawal
Squared Financial accepts deposits and withdrawals via Bank Transfer, Visa, MasterCard, cryptocurrencies, Insta Transfer, etc.
Rating Index
Islamic
SquaredPro
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Latest Reviews
FX9602513612
Kazakhstan
There is a problem with my llan account at this institution. I can neither log in properly nor withdraw money regularly. Someone please help us, we are suffering from this situation now.
Exposure
2024-03-20
FX9602513612
Kazakhstan
I had investments in Squared Financial, but I could not withdraw them. I have money left inside, and I'm not even sure if my account is still valid or not. In short, my money was spent. That's why I wanted to disclose these so that others don't get burned. If you don't work properly, what are you doing to distract people, buddy?
Exposure
2024-03-19
xtradingx
Turkey
The company called Squared has seized my money and is not paying me. I started trading on Tuesday-Wednesday and I was at a loss on the gold chart and I was making a loss, then there was no problem, then I was always at a loss until Friday, and on Friday at 15:30 or 16:30 there was US data, I was not aware of it, and suddenly there was a profit on the screen, so I closed the transactions, and then they accused me of situations that I did not understand nonsense, cut off communication and confiscated my money. They do not help in any way, they are officially scammers! If this situation continues, my complaints to the relevant licenses and meta system will continue non-stop
Exposure
2024-04-26