Squared Financial
2.8

Squared Financial

Regulation: Cyprus Securities and Exchange Commission Cysec

Pros
  • Regulated broker
  • MT4 and MT5 trading platforms
  • Popular trading instruments
Cons
  • No 24/7 support
  • Conditions vary based on entity Limited education material

Reviewed broker: Squared Financial

Location: Cyprus, Seychelles

Established in 2005

Operated by by Squared Financial (CY) Limited, Cyprus

Regulation: Cyprus Securities and Exchange Commission Cysec, Financial Service Authority Seychelles FSA

Trading instruments: Forex, CFDs, indices, commodities, cryptocurrencies

Segregated accounts: yes

Trading Features and Conditions

Squared Financial provides access to a diverse range of markets to cater to your specific trading needs. The broker carefully cultivated relationships with multiple liquidity providers to deliver the best possible pricing in the market place. Prices are updated ten times a second and our bridge connectivity allows fastest possible execution.

In addition to spot FX on 50+ crosses, Squared Financial also offers liquidity on spot precious metals and spot oils.

Currency pairs: 45+

Typical spreads on majors start from 3 pips

Maximum leverage is up to 300:1

Compared with traditional assets the market cap of cryptocurrencies, especially the lesser known coins can be limited. The lower levels of liquidity can lead to greater volatility so this needs to be factored into trading. It is one of the reasons cryptocurrencies are increasingly used as part of diverse portfolios, but the risk profile should always be considered alongside other investments.

Digital currencies are increasingly uncorrelated with main market moves, in the same way as gold and the Japanese yen, which allows traders to diversify and hedge their investments.

Wide accessibility

Minimal fees

Leading coins

No need to own wallet

Secure and easy

Expert advisors: allowed

Advanced charting tools: yes

Multi manager solutions MAML available

Demo account: yes, however there is no download button on the site and you need to fill in a request form in order to get a free demo account.

Fast execution: yes

Copy Trading: available

Trading Platforms

Metatrader 4

MetaTrader 4 (MT4) is a market-leading forex trading platform with an easy-to-use trading and charts interface. You can create custom layouts and templates for your own trading workspace and style. MT4 is effective, user-friendly and flexible. It is tested globally and selected as a favourite platform by forex traders.

The highly rated charts in the platform also allow downloading additional historical data for backtesting and analysis.
The majority of the interface is customizable including the market watch panel and blotter and feature layouts.

MT4 for mobile devices

You can also download the mobile versions of MT4 available on smartphones, tablets, and other devices.

See live prices, trade all order types, and view your trading history with the easy-to-use MT4 mobile trading application. Use the application as a compliment to the Client Terminal and choose to receive push notifications, alerts, news, and chat with other traders.

MT4 offers back-office reporting functions, statements, giving traders access to all the essential tools and resources needed for post trade analysis, audits, and review.

  • Market-leading automated trading
  • Trading Signals through the MT Signal Service
  • Multi-chart timeframes and analysis tools
  • MQL4 language
  • Multi-language interface

MT4 for desktop

MetaTrader 4 allows you to enjoy the benefits of a popular and established trading platform to trade a variety of CFD instruments.

Metatrader 5

The best choice for the modern trader, MetaTrader 5 is the next iteration of industry standard MT4, a multi-functional trading platform that offers outstanding trading possibilities and embedded expert market analysis tools.

MT5 provides a market-depth system and a separate accounting of orders and trades system. It supports both the traditional netting system and the hedging option system with four different order execution types: Instant, Request, Market and Exchange. The platform supports all types of trade orders including market, pending, stop and trailing stop.

MT5 for mobile devices

Download the mobile version of MT5 on your smartphone, tablet and any other device if you have an MT5 account.

See live prices and your trading history, and place any MT5 order type quickly and effortlessly. You can also use the app parallel to your Client Terminal and choose to receive push notifications, alerts, news and chat online with other traders.

Additionally, MT5’s functionality is greatly expanded with even more services, like the built-in Market of Trading Robots (Expert Advisors), the Freelance Database of Strategy Developers, Mirror Trading and the Virtual Hosting Service allowing for almost limitless trading capabilities.

  • Flexible multi-asset trading system
  • MQL5 programming language
  • Algorithmic applications market with 2500+ ready-made apps
  • Expert analytical tools
  • Virtual hosting for operating even when the computer is turned off
  • Copy/mirror trading and trading signals

MT5 for desktop

MetaTrader 5 allows you to enjoy the benefits of a popular and established trading platform to trade a variety of instruments. Choose your operating system from the icons below and download the latest version of MT5

Account types

SquaredPro

Average Spread (EUR/USD)From 1.2 pips
Commission 1No commission
Initial Deposit250 USD
Base currency availableEUR, USD, GBP, CHF, ZAR
PlatformsMobile App, MT4, MT5
LeverageUp to 1:500
Minimum Trade Volume (FX)0.01
Swap
Automated Trading/Expertyes
Margin Call Level100%
Stop Out Level30%

SquaredElite

Average Spread (EUR/USD)From 0.0 pips
Commission 1$5 per lot
Initial Deposit5,000 USD
Base currency availableEUR, USD, GBP, CHF, ZAR
PlatformsMobile App, MT4, MT5
LeverageUp to 1:500
Minimum Trade Volume (FX)0.01
Swap
Automated Trading/Expertyes
Margin Call Level100%
Stop Out Level30%

Payment Options

Deposits and withdrawals must be made using the same method, with the following options available:

  • Credit/Debit card (Visa & Mastercard)
  • Bank transfer
  • UnionPay
  • Neteller
  • Skrill
  • AliPay

Education and Customer Support 

Educational material: market watch, ebook, video tutorials

Customer support: phone, contact form, online chat, email

How was the rating of Squared Financial performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Squared Financial FX broker performance and features. 

Overall our online Squared Financial review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Squared Financial or you find inaccurate details Squared Financial broker review please get in touch with us and the changes will be applied.

Squared Financial Details

Trading Platforms
Maximum Leverage
Trading Conditions
Account Options
Languages
Minimum Deposit
Representative Offices

SquaredFinancial offers several educational resources (and other features) that indicate that it is useful for new traders.

4.0
Regulation and Security
5.0
Platforms and Features
1.0
Deposit and Withdrawal
1.0
Educational Material
2.8 Overall Rating

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