- Types of accounts
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Squared Financial is a Cyprus-based financial investment company that provides trading solutions with training and support for trading currencies, precious metals, energy CFDs and indices. Moreover, the broker operates on the NDD model, providing institutional-level liquidity with a narrow spread and fast market execution.
Is Squared Financial a Regulated Broker?
The Squared Financial trading brand is owned and operated by Squared Financial (CY) Limited, a Cyprus-registered company regulated by CySEC. However, this regulation applies only to European traders. International traders register through an offshore company in the Seychelles.
How are you protected?
In accordance with the requirements of European regulators, Squared Financial is required to keep customer funds in separate accounts from the company's capital, as well as participate in compensation funds so that traders can receive compensation in the event of the company's bankruptcy. In addition, the broker uses negative balance protection, thanks to which traders ' losses cannot exceed the initial balance.
What is the maximum leverage in Squared Financial?
In accordance with ESMA regulatory restrictions, European traders can use a maximum leverage of 1:30 for major Forex currency pairs. International traders registered through an offshore jurisdiction in the Seychelles can still trade with a high leverage of up to 1: 500.
What trading accounts does Squared Financial offer?
Squared Financial, as a client-focused broker, puts the client's needs first and offers various types of accounts specifically designed for the most demanding traders:
- SquaredPro. This is a standard account for entry-level traders. It has no minimum deposit requirements, the average spread for EURUSD is 1.2 pips, without commissions.
- SquaredElite. A more advanced account with an initial deposit of $ 5000, a narrow spread of 0 points and a commission of$ 5 per lot.
Muslim traders can open any type of account without swaps.
Commissions and fees
Trading costs depend on the selected account type and include a narrow spread (on average for EURUSD 1.2 points) or represent an even lower spread with a commission of$ 5 per lot.
You can also compare Squared Financial's fees with another popular broker, eToro.
Squared Financial Trading Platforms
Squared Financial uses the leading trading platform MetaTrader 4. This software has gained the trust of millions of traders, as it has an easy-to-use interface and powerful charts with the ability to create your own strategy templates and trading indicators.
Squared Financial offers trading instruments such as Forex currency pairs, cryptocurrencies (BTC, BCH, ETH, LTC, XRP), futures, precious metals, energy CFDs and indices.
Deposit replenishment methods
Deposit options include credit cards, bank transfer, and electronic payments. Moreover, the broker does not charge any Commission for replenishment or withdrawal of funds.
What is the minimum deposit in Squared Financial?
When opening a SquaredPro account, there are no minimum deposit requirements. However, if you want to open a more advanced SquaredElite account with narrow spreads from 0 pips, then you will need a deposit of $ 5000 or more.
Squared Financial is a regulated Cyprus company that acts as an intermediary between traders and liquidity providers. In general, the company's offer is attractive to traders, as it provides direct access to global markets, as well as training and reliable trading technologies.
However, it is important for us to know your opinion, you can leave comments about this broker, as well as read the reviews of Squared Financial and see the rating of Forex brokers.
|General Information Squared Financial|
|Broker name||Squared Financial|
|Year of foundation||2016|
|EURUSD spread||1.2 pips|
|The base currency||EUR, USD, GBP, CHF|
|assets||Of the currency pair, crypto-currencies, indices, metals|
|deposit replenishment||BankTransfer, Visa/MasterCard, Skrill, Neteller, UnionPay|
|The fee for withdrawal||—|
|payment for inactivity||—|
- The year of Foundation 2016
- Head office address 205, Arch. Makarios Avenue, Victory House, 5th Floor, 3030, Limassol, Cyprus
- Maximum leverage 1:500
- Min. Deposit $0
- Regulation CySEC, FSA
- Trading platform
- Payment system to enter Bank Transfers, Debit/Credit Cards , Skrill, Neleller, Chine UnionPay
- Payment system for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Neleller, Chine UnionPay
- Number of trading instruments 50
- The number of CFD instruments 21
- The number of futures 7
- The number of metals 3