Squared Financial Review

Rana Adnan | March 24, 2022

Squared Financial is a retail broker that offers more than 70 trading instruments across 5 different asset classes, such as energies, futures, forex, metals, and indices, for trading online using the intuitive MetaTrader 4 trading platform. The broker has multiple choice of trading account types with a required minimum deposit of $100, leverage of up to 1:500, and super-tight spreads, whilst offering negative balance protection to clients.

Broker Pros / Cons
  • A range of useful trading tools
  • A selection of educational resources
  • User-friendly MetaTrader 4 trading platform
  • Not the lowest commissions
  • Limited trading instruments compared to some brokers
  • No USA clients
  • No FIX API for DMA
  • No live chat support

Summary

Based in Limassol, Cyprus, Squared Financial is an online financial services provider that allows traders across the globe to invest, trade, and access global markets. The broker provides traders with the highly advanced MetaTrader 4 trading platform, along with a wide range of useful trading tools, a selection of educational resources, and a client support team.

Regulation

Squared Financial is owned and operated by Squared Financial (CY) Limited, Cyprus, which is regulated by CySEC under license No. 329/17.

Traders from different parts of the globe can open a trading account with the broker if their respective countries of residence permit online trading with international brokers.

Platforms

Squared Financial clients are provided with the MetaTrader 4. The platform was launched in 2005 by the Russian software company, MetaQuotes, and it has an easy-to-use interface, whilst allowing traders to create custom layouts and templates to suit their trading workspace and style. MT4 offers back-office reporting functions and statements, thus providing traders with the essential tools and resources needed for post-trade analysis, audits, and review. The platform is available as a desktop application for Windows and Mac computers, a WebTrader that can run directly on most modern web browsers, and a mobile app that is designed for Android and iOS devices. Traders can use the mobile app to manage their accounts and place trades on the go.

Squared Financial Trading Platform

Squared Financial Trading Platform

Tools

There is a vast array of useful trading tools on the broker’s website, such as Trading Calculators, Currency Converter, Market Analysis, and an Economic Calendar.

Education

The broker provides traders with a good selection of educational resources on the ‘Learn’ section of its website. They include the SquaredAcademy that contains a range of trading articles and guides, Video Tutorials, Ebooks, Educational Articles, Trading Guides, Glossary, and an FAQ section.

Markets

Squared Financial offers a wide variety of trading instruments across different asset classes, including energies, futures, forex, metals, and indices.

Accounts

Squared Financial Account Types

Squared Financial Account Types

Squared Financial offers 3 different trading account types. The account types include Gold ($100), Platinum ($500), and Diamond ($20,000) Accounts. Demo accounts that are preloaded with $50,000 virtual funds are also available for practice purposes.

Support

The broker has a client support team that is polite and prompt in response. They are available 24/5 and can be reached via telephone, email, social media, online form, or by paying a visit to the office block in Limassol, Cyprus.

Funding

Deposits and withdrawals at Squared Financial are processed through the following payment methods:

  • Credit/Debit cards, such as Visa, MasterCard, AliPay
  • Bank Transfer
  • E-payments, including Neteller, Skrill, and more.

Signup

Potential traders can easily create a trading account with the broker. All that is required is to click on the ‘Trade Now’ button, fill out the displayed form, submit, and wait for it to be approved.

Squared Financial Account Opening Page

Squared Financial Account Opening Page

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

Conclusion

Squared Financial is a regulated trading broker that gives traders the opportunity to trade multiple financial instruments on the MT4 platform. Traders benefit from educational resources, trading tools, and a customer support team. There are multiple account options with low minimum deposits.

Squared Financial Logo

Min $100 Deposit

Squared Financial is a trading broker that offers over 70 trading instruments for trading online using the MetaTrader 4 platform, including Forex, Energies, Metals & Indices.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Rana Adnan
I am an introverted long-distance runner and a Forex trader with more than 7 years of experience. Reminiscences of a stock operator was the first book that changed the whole concept of trading for me.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.

Share

If you like our reviews and find them useful, please feel free to share them on your socials as this can help us to continuously improve the website and for traders to find a suitable broker.