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SquaredFinancial Forex Broker provides real users with 5 positive reviews, 1 neutral reviews and 2 exposure review!

SquaredFinancial Broker Review

6.37

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SquaredFinancial Review 8

Latest All(8) Positive(5) Neutral(1) Exposure(2)
Exposure
**Trash "Square" Finance, get out of the mainland!!!**

Warning! My painful experience with SquaredFinancial: Under the premise of normal trading, there is no reason for restricting withdrawals! Exposing the fraudulent behavior of the forex platform with real-name disclosure! Attached with all evidence. I contacted this forex platform on July 8, 2025, registered, and deposited $500. From start to finish, everything was normal in trading and withdrawals. However, on July 10, 2025, when I tried to withdraw $610, the platform refused the withdrawal without any reason, asking me to provide: 1. Proof of no criminal record, 2. Bank-issued proof of assets, 3. A video of me holding my ID card with both sides shown, explaining whether the trades were done by me or by someone else, 4. A video of cryptocurrency deposits, including my name and the deposit amount. **No email notification**: Throughout the process of normal trading and withdrawals, I did not receive any emails indicating issues with my account. **Funds on hold not returned**: The withdrawal was stuck, and the next day during communication, the platform directly deducted $943.84 without any reason. When contacting online customer service, the platform kept redirecting me to the account manager, and the account manager redirected me to the platform's risk control, passing the buck back and forth, refusing to release the funds. I now publicly report SquaredFinancial for its actions!

FX2007566321
1d
Exposure
**Trash "Square" Finance, get out of the mainland!!!**

Warning! My painful experience with SquaredFinancial: Under the premise of normal trading, there is no reason to restrict withdrawals! Exposing the fraudulent behavior of the forex platform with real-name evidence attached. I contacted this forex platform on July 8, 2025, registered, and deposited $500. From start to finish, everything was normal in trading and fund withdrawals. However, on July 10, 2025, when I tried to withdraw $610, the platform directly refused the withdrawal without any reason, asking me to provide: 1. Proof of no criminal record, 2. Bank-issued proof of assets, 3. A video of me holding my ID card with both sides shown, explaining whether the trades were done by me or by someone else, 4. A video of cryptocurrency deposits, including my name and the deposit amount. **No email notification**: Throughout the process of normal trading and fund withdrawals, I did not receive any emails indicating issues with my account. **Funds on hold not returned**: The withdrawal was stuck, and the next day during communication, the platform inexplicably deducted $943.84 from my account. When I contacted online customer service, they referred me to the account manager, who then redirected me to the platform's risk control department, passing the responsibility back and forth, refusing to process the withdrawal. I now publicly report SquaredFinancial for their actions!

FX2007566321
3d
Positive
High-level

The web is normal but the number of options for deposit and withdrawal is important. It works directly with banks and seems secure.

RahimJaffer
07-06
Positive
Intuitive Trading Experience: SquaredFinancial's UI Praised for Ease and Speed

SquaredFinancial platform's user interface is really intuitive. Everything is laid out clearly, and I can find all the tools I need without any hassle. The charts are detailed and updated quickly. Plus, the customer support is responsive and always ready to help with any issues I have.

Tan Jun Wei
2024-05-22
Positive

good lucky everyone

2023-01-14
Positive

thank everyone

2023-01-14
Neutral

I wanted to open an advanced account, pursing more competitive spreads, but it asks for a high deposit of $5,000, so I quitted. Overall, this broker’s offerings seem quite attractive, actually, I am wondering if I just open a pro account or skip this broker? How do you feel about this broker? anybody who can share his trading experience?

FX1028782487
2022-11-23
Positive

In my eyes, I think it's a pretty beginner friendly platform! For example, you can try the demo account first without losing real money, study the educational resources... Low leverage is worth mentioning! It is 1:30, a level regulated by many onshore regulators, low for scalpers, but safe for beginners.

Ylimhs
2022-11-21

  

Squaredfinancial 2025 Review: Everything You Need to Know

  Squaredfinancial has garnered a mixed reputation in the forex brokerage community, with user experiences ranging from positive to negative. Many traders appreciate the extensive range of assets and competitive trading conditions, while others express concerns over customer service and withdrawal processes. Key findings reveal that while the broker is regulated by notable authorities, the varying standards across its different entities may raise some red flags for potential clients.

  Note: Its important to recognize that Squaredfinancial operates through multiple regional entities, which can affect the level of service and regulatory oversight. This review aims to provide a fair and accurate analysis based on various sources.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 7.5
Tools and Resources 6.5
Customer Service and Support 6.0
Trading Setup (Experience) 7.0
Trustworthiness 7.8
User Experience 6.8

  We assess brokers based on a comprehensive analysis of user feedback, expert opinions, and factual data.

  

Broker Overview

  Founded in 2005, Squaredfinancial is a multi-asset broker headquartered in Cyprus and Seychelles. It offers access to a wide range of trading instruments, including forex, commodities, indices, cryptocurrencies, and CFDs through popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) in Seychelles, which provides a level of trust and security for traders.

  

Detailed Breakdown

  Regulatory Regions:

  Squaredfinancial is regulated in two jurisdictions: Cyprus (CySEC) and Seychelles (FSA). The CySEC regulation is considered tier-1, offering a higher level of protection, while the FSA is viewed as tier-3, which may not provide the same level of security.

  Deposit/Withdrawal Currencies/Cryptocurrencies:

  The broker supports deposits and withdrawals in several currencies, including USD, EUR, GBP, and CHF. Additionally, it allows transactions in cryptocurrencies like Bitcoin, Ethereum, and Litecoin.

  Minimum Deposit:

  The minimum deposit requirement is $250 for the Squared Pro account, which is accessible to beginner traders. However, the Squared Elite account requires a minimum deposit of $5,000, which may deter less capitalized traders.

  Bonuses/Promotions:

  Currently, Squaredfinancial does not offer a specific welcome bonus, but it has various promotional activities that may be available to clients.

  Tradable Asset Classes:

  Traders can access a diverse range of instruments, including over 2,000 CFDs across forex, stocks, commodities, indices, and cryptocurrencies. The extensive selection is a significant advantage for traders looking to diversify their portfolios.

  Costs (Spreads, Fees, Commissions):

  Squaredfinancial offers competitive spreads, starting from 1.2 pips on the Pro account and 0.0 pips on the Elite account, which charges a $5 commission per lot. While the Pro account has no commissions, the overall trading costs are slightly above the industry average.

  Leverage:

  The maximum leverage varies by jurisdiction, with up to 1:30 for retail clients under CySEC regulations and up to 1:500 for professional clients under the FSA.

  Allowed Trading Platforms:

  Traders can utilize MT4 and MT5, both of which are well-regarded for their user-friendly interfaces and extensive analytical tools.

  Restricted Areas:

  Squaredfinancial does not accept clients from several countries, including the USA, Canada, and the UK, which may limit accessibility for some traders.

  Available Customer Service Languages:

  Customer support is available in multiple languages, including English, Spanish, Arabic, and Chinese, which caters to a diverse client base.

  

Rating Overview (Revisited)

Category Rating (out of 10)
Account Conditions 7.5
Tools and Resources 6.5
Customer Service and Support 6.0
Trading Setup (Experience) 7.0
Trustworthiness 7.8
User Experience 6.8

  

Detailed Breakdown of Ratings

  Account Conditions (7.5):

  The account conditions at Squaredfinancial are generally favorable, particularly for beginner traders with the Pro account. However, the high minimum deposit for the Elite account may limit accessibility.

  Tools and Resources (6.5):

  While the broker offers essential trading tools, the educational resources are somewhat limited compared to competitors. The lack of a comprehensive suite of research tools could hinder traders, especially beginners.

  Customer Service and Support (6.0):

  User feedback indicates that customer service can be slow at times, and the absence of 24/7 support is a drawback. Responsiveness varies, with some users reporting quick assistance while others faced delays.

  Trading Setup (Experience) (7.0):

  The trading experience is generally smooth, with effective execution speeds. However, some users noted issues with slippage and order processing times, which could be improved.

  Trustworthiness (7.8):

  Squaredfinancial is considered a trustworthy broker due to its regulatory oversight, but potential clients should be aware of the differences in protection levels across its various entities.

  User Experience (6.8):

  Overall user experience is mixed, with many praising the platform's interface while others highlight issues with withdrawal processes and account management.

  In conclusion, Squaredfinancial offers a competitive trading environment with a broad selection of assets and solid regulatory backing. However, potential users should weigh the pros and cons, especially concerning customer support and educational resources, before deciding to engage with this broker. The Squaredfinancial review indicates it can be a suitable choice for both novice and experienced traders, provided they are aware of the varying conditions based on the account type and region.

SquaredFinancial review