Squared Financial Review
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.
Squared Financial Review, 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
In this detailed Squared Financial review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Squared Financial Overview
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.
Squared Financial Regulation
Squared Financial is owned and operated by Squared Financial (CY) Limited, Cyprus, which is regulated by CySEC under license No. 329/17.
Squared Financial Countries
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.
Some Squared Financial features and products mentioned within this Squared Financial review may not be available to traders from certain countries because of legal restrictions.
Squared Financial 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 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.
Squared Financial 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.
Squared Financial Instruments
Squared Financial offers a wide variety of trading instruments across different asset classes, including energies, futures, forex, metals, and indices.
Squared Financial Accounts & Fees
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.
As broker fees can vary and change, there may be additional fees that are not listed in this Squared Financial review. It is imperative to ensure that you check and understand all of the latest information before you open a Squared Financial broker account for online trading.
Squared Financial 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.
Squared Financial Deposit & Withdrawal
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.
Squared Financial Account Opening
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.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Squared Financial Summary
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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 56.82% of our retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.