Squared Financial
- Trust score
- 4/10
- Legal simplicity
- 5/10
- Min. deposit
- 0
- Payment systems
Features
- Seminars and training
- Daily market analysis
- Low initial deposit
- Copy trading
- Islamic accounts
- MAM terminal
- Segregated accounts
- Affiliate program
- Wide selection of trading instruments
Pros
- No standout advantages are documented for this broker
Cons
- No notable drawbacks are documented for this broker
Updated:
Squared Financial is a Cyprus-based financial investment company, founded in 2016 and headquartered in Limassol, that provides trading solutions, training, and support across several asset classes. It operates on a No Dealing Desk (NDD) model with institutional-level liquidity, and offers both a no-minimum-deposit account and a low-spread account for more active traders. European clients trade under CySEC regulation, while international clients are onboarded through a Seychelles entity.
Squared Financial is a Cyprus-based NDD broker offering seminars, daily market analysis, copy trading, Islamic and MAM accounts, and a wide range of tradable instruments.
Squared Financial Overview
Squared Financial is a Cyprus-based financial investment company, founded in 2016 and headquartered in Limassol. It provides trading solutions, training, and support across currencies, precious metals, energy CFDs, and indices. The broker operates on the NDD (No Dealing Desk) model, routing orders for institutional-level liquidity, narrow spreads, and fast execution.
Regulation and Fund Safety
Squared Financial's trading brand is owned and operated by Squared Financial (CY) Limited, a Cyprus-registered company regulated by CySEC. International traders can instead register through an offshore company based in the Seychelles, where regulatory protections differ from the EU entity. For CySEC-regulated clients, funds are held in segregated accounts separate from company capital, the broker participates in an investor compensation fund, and negative balance protection prevents losses beyond the account balance.
Leverage
Under ESMA rules, European traders can access a maximum leverage of 1:30 on major forex pairs. Traders registered through the Seychelles entity can access leverage of up to 1:500.
Account Types
- SquaredPro: no minimum deposit, an average EURUSD spread of 1.2 pips, and no commission.
- SquaredElite: a $5,000 minimum deposit, spreads from 0 pips, and a $5 commission per lot.
- Islamic accounts: swap-free accounts available for Muslim traders.
Fees and Commissions
Trading costs depend on the account type: a wider spread with no commission on SquaredPro, or a near-zero spread plus a $5-per-lot commission on SquaredElite.
Trading Platform
Squared Financial offers trading through MetaTrader 4 (MT4), including its charting tools, indicators, and support for custom strategy templates.
Tradable Instruments
Available instruments include forex currency pairs, cryptocurrencies (BTC, BCH, ETH, LTC, XRP), futures, precious metals, energy CFDs, and indices.
Deposits and Withdrawals
Deposits can be made by credit card, bank transfer, and electronic payment methods including Skrill, Neteller, and UnionPay. Squared Financial does not charge a commission on deposits or withdrawals.
Key Facts
| Detail | Information |
|---|---|
| Year founded | 2016 |
| Headquarters | Limassol, Cyprus |
| Regulation | CySEC (EU clients); Seychelles entity (international clients) |
| Trading platform | MetaTrader 4 (MT4) |
| Average EURUSD spread | 1.2 pips |
| Demo account | Available |
| Minimum deposit | $0 (SquaredPro) / $5,000+ (SquaredElite) |
| Base currencies | EUR, USD, GBP, CHF |
| Maximum leverage | 1:500 (international clients) |
| Deposit methods | Bank transfer, Visa/Mastercard, Skrill, Neteller, UnionPay |
| Islamic accounts | Available |
| Segregated accounts | Yes |
| Affiliate program | Yes |
| Automatic trading | Available |
| Mobile trading | Available |
| Social trading and signals | Available |
| Support | 24/5 |
