SquaredFinancial Broker Review


SquaredFinancial Broker Review
Our points for SquaredFinancial
Commissions and fees
Software
Risk Management
Licensing and security

SquaredFinancial in 60 seconds

SquaredFinancial is a global brokerage firm founded in 2005 and headquartered in Cyprus that specialises in providing real stocks along with CFDs on all major asset classes paired with MT4 & MT5 platforms.

  • Competitive asset offering with more than 10,000+ instruments.
  • Commissions on U.S shares of $0.06 per share with a minimum of $2.
  • Spreads from 0 Pips on their SquaredElite account with a minimum deposit of 5,000 €.

💳 Minimum Deposit ($)250
💰 Payment MethodsCredit Card, Debit Card, Bank Transfer, Skrill, Neteller, Instatransfer
📚 Assets Offered– Real stocks and ETFs
– CFDs on stocks, ETFs, commodities, currencies, indices, futures, cryptocurrencies
📘 Currency Pairs40+
💸 Cryptos25+
💪 Retail LeverageUp to 1:30
💪 Pro LeverageUp to 1:500
🎓 Demo AccountYes
💰 CommissionsageYes, depending on account type or assets. For account types:

– SquaredPro account has no default commissions
– SquaredElite account has a commission of $5 per lot

For particular assets there are commissions on all accounts, specifically in shares as follows:

– USA shares have a $0.06 per share commission (with a minimum of $2)
– European shares have a 0.15% commission of the transaction value (with a minimum of 5 €)

Is SquaredFinancial Safe?

SquaredFinancial is a reliable and safe broker that holds the following financial licenses:

  • CySec (Cyprus Securities and Exchange Commission)
  • FSAS (Financial Services Authority Seychelles)

As you can see from the above list, SquaredFinancial holds two financial licenses: which definitely is below their competitors standard but to balance this point, SquaredFinancial has been operating since 2005 and we had the chance to personally meet some of their team members.

In order for SquaredFinancial to increase their reputation they must acquire new regulatory licenses from the most reputable regulators in the world such as: FCA, ASIC, BaFin and they must also continue improving their services offered.

SquaredFinancial Minimum Deposit and Withdrawal

SquaredFinancial’s minimum deposit varies as follow:

  • 250 € for their SquaredPro account
  • 5,000 € for their SquaredElite account.

The below are SquaredFinancial’s deposit and withdrawal methods:

  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Instatransfer

Bear in mind that payment methods could have a small variation or geographical restriction so it’s always good to check directly in the deposit page.

Base Currencies

SquaredFinancial supports the following account base currencies:

  • Euro
  • United States Dollar
  • Great British Pound
  • Swiss Franc

We’re looking forward to SquaredFinancial increasing their base currencies offering to attract international traders from new markets.

Deposit and Withdrawal Process

SquaredFinancial is a multi whitelabel platform broker. This translates in them having custom platforms built by independent companies such as MetaQuotes (MetaTrader 4 & 5). Most of the brokers offering this system have a huge pitfall: there is no funding experience integrated from within the platform.

Here’s where Squaredfinancial saved the day with a very clever integration. Login in to the client area, depositing, trading, withdrawing is a seamless experience straight away from the web client area.

Here, any user can access the left panel for all the basic features or click on webtrader to enter directly their MT4 or 5 platform without opening a new window or using a separate login. Definitely we appreciate the very convenient process.

SquaredFinancial Account Types

Most brokers in Europe offer traditionally since 2018 a retail account and a professional account distinguished by the leverage factor, negative balance protection and some other features.

On top of that, SquaredFinancial has their own custom account types, SquaredPro and SquaredElite, here’s how they compare: SquaredPro, SquaredElite.

Depending on your trading capital, considering a SquaredElite account to access 10,000 instruments with low share trading and FX commissions is definitely worth it if you’re able to afford the minimum deposit of 5,000 €.

Educational Tools

When it comes to educational resources, SquaredFinancial provides the following:

  • Trading Guides
  • Trading FAQs

SquaredFinancial’s educational offering is definitely limited and shallow. We’re looking forward to seeing them create proper tools such as dictionaries, video tutorials or many more resources designed to assist new traders.

Verdict

SquaredFinancial is a great choice for share investors or traders looking to benefit from their competitive commission structure with low minimums along with more than 8,000 real stocks or CFDs.

When it comes to other assets, they’re not yet playing at the same level as the majority of their competitors as they lack many more assets to offer in the classes of currencies, commodities, indices, etc. In conclusion:

  • For experienced high volume traders able to afford the minimum deposit of 5,000 € to open a SquaredElite account, their offer is definitely worth it as the spreads starting from 0 with the $5 commission will offset any costs.
  • For passive investors looking to buy real shares, their commissions on American shares of $0.06 per share with a minimum of $2 is definitely a game-changer along with 8,000 different shares to trade.

If you’re a low volume trader, a beginner, or unfamiliar with MetaTrader 4 or 5 platforms, there are easier choices of a broker for you out there. But if none of the previously mentioned boxes tick, then SquaredFinancial is definitely an interesting choice to consider.

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