Squared Financial Review 2024
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| Squared Financial is a CySEC-regulated forex & CFD broker with 10,000 tradeable assets for both MT4 and MT5. | ||
Squared Financial is broker that gives traders access to Forex, CFDs, indices, commodities, cryptocurrencies. With Squared Financial traders can use both the MetaTrader 4 and MetaTrader 5 platforms.
In terms of features offered to traders, Squared Financial has Demo Accounts, Islamic Accounts, Social Trading and Auto Trading but is missing Signals.
Cryptocurrency traders have a very decent number of coins to trade at Squared Financial, 10 in fact: BTC, BCH, ETH, LTC, XRP, SOL, ADA, DOT, EOS and DOG.
Careful traders will be pleased to know that Squared Financial is licensed to provide trading services by multiple regulatory bodies, 2 in fact. Note, however, that the FCA here in the UK is not among them. Prudent traders might want the extra safety of going with an FCA-regulated broker.
Squared Financial Summary
Squared Financial is a CySEC-regulated forex & CFD broker with 10,000 tradeable assets for both MT4 and MT5.
Squared Financial is #91 in our rankings of CFD brokers.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, commodities, cryptocurrencies |
| Demo Account | ✓ Yes |
| Min. Deposit | $100 |
| Min. Trade | 0.01 Lots |
| Regulated By | CySEC, FSA |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✓ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | ✓ |
| Trade Signals | ✗ |
| Social Trading | ✓ |
| Copy Trading | ✓ |
| Islamic Account | ✓ |
| Commodities |
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CFD Trading
Trade CFDs on forex, global indices, energies, and precious metals
| Leverage | 1:500 |
|---|---|
| FTSE Spread | 0.01 pts |
| GBPUSD Spread | 1 pip |
| Oil Spread | 50 pips |
| Stocks Spread | Variable |
Forex Trading
Trade on dozens of FX pairs with zero spreads available
| GBPUSD Spread | 1 pip |
|---|---|
| EURUSD Spread | 0 pips |
| EURGBP Spread | 1 pip |
| Assets | 50 |
Cryptocurrency Trading
Trade popular cryptocurrency coins with leverage
| Spread | From 0.006 |
|---|---|
| Coins | BTC, BCH, ETH, LTC, XRP, SOL, ADA, DOT, EOS, DOG |
Payment Methods
Squared Financial accepts the following payment methods:
FAQ
Is Squared Financial Safe?
Yes, most likely, as we gave Squared Financial a trust score of 40% in our review. The main negative factor in this score is that Squared Financial is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does Squared Financial Accept PayPal?
No, Squared Financial does not accept PayPal payments. See our list of brokers that accept PayPal for alternatives.
Is Squared Financial Halal?
Yes, Squared Financial does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does Squared Financial support?
With Squared Financial you can trade on 2 different platforms: MetaTrader 4 and MetaTrader 5.
Is Squared Financial Regulated in the UK?
No, Squared Financial is unfortunately not regulated by the FCA here in the UK. See our list of FCA regulated brokers for safer options
Is Squared Financial Regulated?
Yes, Squared Financial is regulated by 2 different regulators: CySEC and FSA.
The fact that Squared Financial is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for options.
Top 3 Squared Financial Alternatives
These brokers are the most similar to Squared Financial:
- GO Markets - GO Markets is an established forex and CFD broker with multiple industry awards and accolades. The ECN/STP broker is popular with budding traders, offering competitive accounts in multiple base currencies and a range of flexible payment methods. With top-tier regulation from CySEC and ASIC, GO Markets is a trusted broker.
- FP Markets - Established in 2005 in Australia, FP Markets is an ASIC- and CySEC-regulated broker boasting an extensive suite of tradable assets. Its Standard and Raw accounts cater to traders at every level, while it packs a punch in the tooling department, from the MetaTrader suite and intuitive TradingView to actionable trading ideas from Trading Central and AutoChartist.
- IC Markets - IC Markets is a globally recognized forex and CFD broker known for its excellent pricing, comprehensive range of trading instruments, and premium trading technology. Founded in 2007 and headquartered in Australia, the brokerage is regulated by the ASIC, CySEC and FSA, and has attracted more than 180,000 clients from over 200 countries.
Squared Financial Feature Comparison
| Squared Financial | GO Markets | FP Markets | IC Markets | |
|---|---|---|---|---|
| Rating | - | 3.9 | 4 | 4.8 |
| Markets | Forex, CFDs, indices, commodities, cryptocurrencies | CFDs, forex, indices, shares, energies, metals, cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto |
| Minimum Deposit | $100 | $200 | $40 | $200 |
| Minimum Trade | 0.01 Lots | 0.01 Lots | 0.01 Lots | 0.01 Lots |
| Demo Account | Yes | Yes | Yes | Yes |
| Regulators | CySEC, FSA | ASIC, CySEC, FSC of Mauritius | ASIC, CySEC, FSA, CMA | ASIC, CySEC, FSA, CMA |
| Bonus | - | - | - | - |
| Education | No | Yes | Yes | Yes |
| Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5, cTrader | MT4, MT5, cTrader |
| Leverage | 1:500 | 1:500 | 1:30 (UK), 1:500 (Global) | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) |
| Visit | ||||
| Review | Squared Financial Review |
GO Markets Review |
FP Markets Review |
IC Markets Review |
Trading Instruments Comparison
| Squared Financial | GO Markets | FP Markets | IC Markets | |
|---|---|---|---|---|
| CFD | Yes | Yes | Yes | Yes |
| Forex | Yes | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | Yes |
| Commodities | Yes | Yes | Yes | Yes |
| Oil | No | Yes | Yes | Yes |
| Gold | Yes | Yes | Yes | Yes |
| Copper | No | No | Yes | No |
| Silver | No | Yes | Yes | Yes |
| Corn | No | No | Yes | Yes |
| Futures | Yes | Yes | No | Yes |
| Options | No | No | No | No |
| ETFs | Yes | Yes | Yes | Yes |
| Bonds | No | No | Yes | Yes |
| Warrants | No | No | No | No |
| Spreadbetting | No | No | No | No |
| Volatility Index | No | No | Yes | Yes |
Squared Financial vs Other Brokers
Compare Squared Financial with any other broker by selecting the other broker below.
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| Squared Financial is a CySEC-regulated forex & CFD broker with 10,000 tradeable assets for both MT4 and MT5. | ||