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SquaredFinancial Broker Review

Author Author:  Jeffrey Cammack Published: May 26, 2020
Editor Editor:  Chris Cammack Updated: May 10, 2023

Last Updated On May 10, 2023

Jeffrey Cammack
Broker Score
4.08 4.08 / 5
🏦  Min. DepositUSD 0
🛡️  Regulated By
💵  Trading Cost 
USD 12
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
Alert79%

Last Updated On May 10, 2023

Jeffrey Cammack

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website, you agree to our Terms of Service.

Our verdict on SquaredFinancial

🏦  Min. DepositUSD 0
🛡️  Regulated By
💵  Trading Cost 
USD 12
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Trust Rating
111104/ 5
Trading Conditions
111104/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
111003/ 5
Assets Available
11110.54.5/ 5
Customer Service
111104/ 5
Beginner Friendly
Excellent
Welcome Bonus

Account Information

Base Currencies
EUR, USD, GBP, ZAR, CHF, HKD
Number of FX Pairs
48
Crypto Pairs
5
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Elite Account
Trading Desk
Commission
5 USD round turn commission
EUR/USD
1.10 pips
GBP/USD
1.40 pips
USD/JPY
1.30 pips
Negative Balance Protection

Company Details

Company Name
SquaredFinancial (CY) Limited
Founded
2005
Website Language
English
Support Language
English
Office Locations
Cyprus, Seychelles

Pros

  • Regulated by CySEC & FSA
  • Over 10
  • 000 financial instruments including a wide range of FX pairs and CFDs
  • Competitive trading conditions with the Elite account featuring near-zero spreads
  • No fees for deposits and conditionally free withdrawals

Cons

  • Limited educational and trading tools potentially impacting beginner traders
  • High minimum deposit requirement for the Elite account limiting accessibility for newcomers
  • Lack of detailed information on swap rates and non-trading fees affecting transparency

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Broker Score
4.08 4.08  / 5
Site Icon Data provided by FX Scouts Kenya

SquaredFinancial Financial Regulation

Regulator License
Regulator License

SquaredFinancial Trading Cost Comparison

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