SQUAREDFINANCIAL
Pros and Cons
Pros
- Regulated by FSA (Seychelles) and CySEC (Cyprus)
- Diverse trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
- Advanced trading platforms: MetaTrader 4 and MetaTrader 5
- Two account types catering to different trader needs: Squared Pro and Squared Elite
- Strong customer support available via email and telephone
Cons
- Limited account types, which may restrict options for traders
- High minimum deposit requirement for the elite account
- No 24/7 customer support, limiting accessibility
- Limited educational resources for beginner traders
- Mixed reviews regarding withdrawal experiences
Basic Information
User Reviews
SQUAREDFINANCIAL Overview
SQUAREDFINANCIAL, founded in 2005 and headquartered in Seychelles, has built a strong reputation in the forex brokerage industry over its operational period of 10-15 years. The company, officially registered as SQ Sey Ltd, is recognized for its commitment to providing transparent and accessible trading solutions. SQUAREDFINANCIAL operates in a regulated environment, ensuring a secure trading experience for its clients and establishing trust within the financial community.
The broker offers a diverse range of trading instruments, including forex, commodities, and indices, catering to both novice and experienced traders. Utilizing advanced trading platforms such as MetaTrader 4 and 5, SQUAREDFINANCIAL provides users with robust tools for analysis and execution. The firm emphasizes customer support, available through various channels, to assist traders throughout their journey. With a focus on deep liquidity and competitive market conditions, SQUAREDFINANCIAL stands out as a reliable option for those looking to engage in the dynamic world of trading.
Is SQUAREDFINANCIAL Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Services Authority (FSA) | Seychelles | Client funds are kept with reputable banks and financial institutions |
| Cyprus Securities and Exchange Commission (CySEC) | Cyprus | Member of the Investor Compensation Fund, ensuring compensation for eligible retail clients |
Is SQUAREDFINANCIAL Regulated and How Are Client Funds Protected?
SQUAREDFINANCIAL is regulated by recognized financial authorities, specifically the Financial Services Authority in Seychelles and the Cyprus Securities and Exchange Commission. This regulatory status reinforces the legitimacy of the broker and provides a level of security for clients. Client funds are safeguarded through measures such as holding them in reputable banks and being part of the Investor Compensation Fund, which offers compensation in case of financial difficulties experienced by the broker. These regulatory frameworks help to ensure a safe trading environment for SQUAREDFINANCIAL’s clients.
Trading Products and Services
What Trading Instruments Does SQUAREDFINANCIAL Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs, Minor Pairs, Exotic Pairs | Many |
| Commodities | Gold, Silver, Crude Oil, Natural Gas | Varies |
| Indices | S&P 500, NASDAQ, FTSE 100, DAX | Varies |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH, XRP, LTC | Varies |
SQUAREDFINANCIAL offers a diverse range of trading instruments designed to meet the needs of various traders, from beginners to professionals. With access to multiple asset categories, including Forex, commodities, indices, stocks, and cryptocurrencies, traders can effectively diversify their portfolios and adapt their strategies to changing market conditions. The platform’s robust trading tools, complemented by advanced trading platforms such as MetaTrader 4 and 5, empower users to execute trades confidently and efficiently. This variety not only enhances trading flexibility but also supports informed decision-making and strategic investment across different market segments.
Account Types and Trading Conditions
What Account Types and Fees Does SQUAREDFINANCIAL Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Squared Pro | Beginners and casual traders | No commission, competitive spreads | Minimum deposit of $0, recommended deposit of $200 |
| Squared Elite | Experienced traders | Low spreads starting from 0.0 pips, $5 commission per lot | Minimum deposit of $500, recommended deposit of $2,000 |
Account Opening Process
To open an account with SQUAREDFINANCIAL, traders follow a straightforward process: First, they need to register by filling in their personal details to create an account. Next, they will submit necessary documents for identity verification, which typically includes a form of ID and proof of address. After verification, traders can fund their accounts using various secure payment options. It’s important to note that account flexibility is available, allowing traders to upgrade to a professional account later if they meet the criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | From 1.2 | $0 (Pro), $5 (Elite) | Competitive spreads for both account types |
| CFDs (Indices) | Varies | Varies | Spreads and commissions depend on the specific index |
| CFDs (Commodities) | Varies | Varies | Includes products like gold and oil |
| Cryptocurrencies (BTC/USD) | Varies | Varies | Dependent on market conditions |
Other Fees
Traders should be aware of additional costs that may apply, including deposit and withdrawal fees, which can vary based on the payment method used. An inactivity fee may be charged if there is no trading activity for an extended period. Additionally, there may be overnight interest (swap rates) applicable for positions held overnight, as well as potential currency conversion fees for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does SQUAREDFINANCIAL Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | Login security (2FA), symbol lookup, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Enhanced charting tools, market depth, economic calendar, push notifications | Demo accounts, VPS |
| Mobile App | iOS, Android | Secure login, one-click trading, account management, real-time alerts | No additional services specified |
The trading platforms offered by SQUAREDFINANCIAL cater to a wide range of trader needs. MT4 is popular for its user-friendly interface and robust analytical tools, making it suitable for both beginners and experienced traders. MT5, with its advanced features, is ideal for those requiring more comprehensive tools for trading across multiple asset classes. The mobile app enables traders to manage their accounts and execute trades conveniently from anywhere, supporting secure login and real-time alerts. Overall, SQUAREDFINANCIAL emphasizes security, fast order execution, and an efficient trading experience across its platforms.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min $100, Max $10,000 per transaction | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $5,000 per transaction | USD, EUR |
| E-Wallet (e.g. Skrill, Neteller) | Instant | No platform fee, 1.5% charge for withdrawals | Min $50, Max $20,000 per day | USD, EUR |
| Cryptocurrency | Instant | No platform fee | Min $50, Max $10,000 per transaction | BTC, ETH |
Minimum Deposit
The minimum deposit requirement for SQUAREDFINANCIAL is $0 for the Squared Pro account, while a minimum of $500 is required for the Squared Elite account. The recommended deposit for optimal trading experience is $200 for beginners and $2,000 for experienced traders. This minimum deposit does not vary by payment method or region.
How to Withdraw
To withdraw funds from your SQUAREDFINANCIAL account, follow these steps:
- Log into your SQUAREDFINANCIAL account.
- Navigate to the withdrawal section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Confirm your withdrawal request.
- Wait for the processing time of your selected withdrawal method to complete.
Customer Support
SQUAREDFINANCIAL Customer Support Overview
Support Channels
SQUAREDFINANCIAL offers multiple support channels to assist customers effectively. Traders can reach out to the dedicated customer support team via:
- Email: Clients can send inquiries through email for assistance.
- Telephone: Support is available by phone for direct communication.
Service Availability
The customer support service operates Monday to Friday, from 7 AM to 9 PM GMT +3. Multilingual support is available, catering to a diverse client base.
Frequently Asked Questions
Yes, SQUAREDFINANCIAL is regulated by the Financial Services Authority (FSA) in Seychelles and the Cyprus Securities and Exchange Commission (CySEC). Client funds are protected by being held in reputable banks and financial institutions, and the broker is a member of the Investor Compensation Fund, which ensures compensation for eligible retail clients in case of financial difficulties.
SQUAREDFINANCIAL offers a diverse range of trading instruments including forex (major, minor, and exotic pairs), commodities (such as gold, silver, crude oil, and natural gas), indices (like S&P 500, NASDAQ, FTSE 100, and DAX), stocks (including US and UK companies), and cryptocurrencies (such as BTC, ETH, XRP, and LTC). This wide array allows traders to effectively diversify their portfolios.
SQUAREDFINANCIAL provides two account types: the Squared Pro account, which is designed for beginners and casual traders with no commission and competitive spreads, and the Squared Elite account, tailored for experienced traders offering low spreads starting from 0.0 pips and a $5 commission per lot. The minimum deposit is $0 for the Pro account and $500 for the Elite account, with recommended deposits of $200 and $2,000 respectively for optimal trading experiences.
Customers can contact SQUAREDFINANCIAL’s support team through multiple channels: via email for inquiries and by telephone for direct communication. Customer support is available Monday to Friday from 7 AM to 9 PM GMT +3, and multilingual support is offered to cater to a diverse client base.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.