Company profile
SQUAREDFINANCIAL Review SummaryFounded2022Registered Country/RegionCyprusRegulationCYSEC, AMF, FSA, CNMVMarket InstrumentsForex, Metals, Indices, Energy, Stocks, Futures, CryptocurrenciesDemo Account✅Islamic Account✅LeverageUp to 1:500SpreadFrom 0 pipsTrading PlatformMobile App, MT4, MT5Min Deposit$50Customer Support24/5 supportContact formTel: 002484671943Enail: support@sqfin.com, complaints@sqfin.comCompany Address: Commercial House 1, Office no 4, Eden Island, Mahe, SeychellesRegional RestrictionsUK, USA, Canada, Australia, New Zealand, Iran, North Korea, and Myanmar (Burma) 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 ConsProsConsRegulated by CYSEC, AMF, FSA, CNMVNot accept e-wallet paymentsVarious market offeringsNo live chat supportDemo accounts availableRegional restrictionsCommission-free account offeredMT4 and MT5 supportedLow minimum depositIs 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 CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense NumberCyprus Securities and Exchange Commission (CySEC)RegulatedSquared Financial (CY) LtdMarket Making (MM)329/17The Autorité des Marchés Financiers (AMF)RegulatedSquared Financial (CY) LtdRetail Forex License71593The Seychelles Financial Services Authority (FSA)Offshore RegulatedSquared Financial (CY) LtdRetail Forex LicenseSD024Comisión Nacional del Mercado de valores (CNMV)RegulatedSquared Financial (CY) LtdRetail Forex License4421What 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 AssetAvailableforex✔metals✔indices✔energy✔stocks ✔futures✔cryptocurrencies✔bonds❌options❌ETFs❌Account Type/Fees Squared Financial offers two typesof live accounts with varying trading costs.Account TypeSquared ProSquared EliteAccepted CurrenciesEUR, USD, GBP, CHFMax Leverage1:500Avg EUR/USD SpreadFrom 1.6 pipsFrom 0.0 pipsCommission❌$7 per lot Additionally, this platform offers Islamic (swap-free) accounts that have exactly the same trading terms and conditions as our regular trading account types.Leverage Squared Financial offers leverage up to 1:500 for both account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.Trading Platform Squared Financial offers a variety of trading platforms including the popular MetaTrader 4 and MetaTrader 5 platforms as well as their own SquaredFinancial Mobile App.Trading PlatformSupported Available Devices Suitable for Mobile App✔Mobile/MT4✔Desktop, Mobile, WebBeginnersMT5✔Desktop, Mobile, WebExperienced tradersDeposit and Withdrawal Squared Financial accepts deposits and withdrawals via Bank Transfer, Visa, MasterCard, cryptocurrencies, Insta Transfer, etc.
RaulMedina
Mexico
I chose this one since conditions are much better than on a pro account. However, I think the minimum deposit of 500$ is too much, they could reduce it to 250$.
Neutral
04-16