Forex Broker SQUAREDFINANCIAL Trading Review

Performance Matrix

Main Score & Risk Matrix

#24

Score

8.1

Excellent

SQUAREDFINANCIAL is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 8.3

Business 7.6

Risk Control 7.9

Software 8.6

Regulatory 8.1

Terminal Snapshot

SQUAREDFINANCIAL Trading Conditions

Registered Region Seychelles

Operating Period 10-15 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@sqfin.com

Contact Number +2484671943

Website cn2.portal-sq.io

Balanced Review

Pros & 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

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	SQUAREDFINANCIAL	ZFX	WisunoFX	AvaTrade
Operating Period	10-15 years	See review	See review	See review
Region	Seychelles	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	8.1/10	See review	See review	See review

Product Fit

Account Types

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.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

SQUAREDFINANCIAL is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

SQUAREDFINANCIAL User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

20%

4 star

60%

3 star

12%

2 star

4%

1 star

4%

Jessica Green

London, UK

★ ★ ★ ★ ★

I’ve been trading with SQUAREDFINANCIAL for over a year now and I couldn’t be happier. Their trading platform is intuitive and user-friendly, especially MetaTrader 5, which has enhanced my trading experience significantly. The educational resources are top-notch, and I’ve learned so much from their webinars. Withdrawals have been smooth for me, and customer support has always been responsive.

Michael Chen

Sydney, Australia

★ ★ ★ ★ ★

SQUAREDFINANCIAL offers great trading conditions with competitive spreads. The Squared Pro account was perfect for me as a beginner, and I appreciate the lack of commission on trades. However, I did find the minimum deposit for the Elite account a bit high. Overall, a solid broker with good educational resources.

Sara Lopez

Madrid, Spain

★ ★ ★ ★ ★

I had a frustrating experience trying to withdraw my funds. It took longer than expected, and I felt the support team wasn’t very helpful. They explained the process, but it was still disappointing. I hope they can improve their withdrawal system in the future.

Tommy Nguyen

Ho Chi Minh City, Vietnam

★ ★ ★ ★ ★

I had a terrible experience with SQUAREDFINANCIAL. After making a profit, I found it impossible to withdraw my funds. Their support was unresponsive, and I felt like my account was being ignored. I would caution others before investing with them.

Seychelles Market