Squared Financial

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Popularity
Leverage	1:500
Minimum Deposit	$200
Regulation	ASIC, CySEC, FCA
Payment Methods	Visa, MasterCard, PayPal, Bank Wire
Trading Assets	Forex, Commodities, Cryptocurrencies, Stocks, Indices
MT4	✅
MT5	✅
Spreads	Very low
Average cost: EUR/USD	0.6 pips
Demo Account	✅
Islamic Account	✅
MAM	❌
PAMM	❌
Copy Trading	✅
ZuluTrade	❌
Scalping	Yes
Signals	✅
EAs/Robots	Available
Negative Balance Protection	Yes
Deposit Fee	❌
Withdrawal Fee	❌
Inactivity Fee	$10 after 12 months
Year Established	2005
Address	5th Floor, 125 Old Broad Street, London EC2N 1AR, UK
Contact Information	Email: [email protected], Phone: +44 203 282 7777
Mobile Trading APP
Rating	★★★★☆ 4.5
Website

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Article Content

Pros and Cons

Pros

Advanced trading platforms with full support for MT4 and MT5
Competitive spreads and low trading costs
No fees on deposits or withdrawals
Comprehensive educational resources
Regulated by multiple top-tier authorities

Cons

No services for clients from the USA and Canada
Limited account types compared to other brokers
Inactivity fee applies after 12 months
No 24/7 customer support
Limited access to international markets

Introduction

In the complex world of online trading, selecting the right broker is paramount for both novice and seasoned traders.

Squared Financial, a well-established broker with a strong regulatory foundation, offers a robust trading environment with a focus on forex, commodities, and other asset classes.

This detailed review will explore the various facets of the broker, helping you decide if it’s the right broker for your trading needs.

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Company Overview

Squared Financial is headquartered in London, with multiple offices across major financial centers.

Since its inception in 2005, the broker has focused on providing sophisticated trading tools and comprehensive support to traders globally.

Key Features

Regulation: Heavily regulated by top-tier authorities including ASIC, CySEC, and FCA.
Platforms: Offers MetaTrader 4 and MetaTrader 5.
Asset Classes: Includes Forex, Commodities, Cryptocurrencies, Stocks, and Indices.
Minimum Deposit: $200

Trading Platforms

MetaTrader 4

User Experience: Known for its user-friendly interface.
Tools and Features: Comprehensive charting tools, EA (Expert Advisors), and extensive back-testing environment.
Security: Encrypted data exchange between client and server.

MetaTrader 5

Advancements: Offers more timeframes, technical indicators, graphical objects, and pending order types than MT4.
Multi-Asset Platform: Allows trading in stocks and commodities in addition to forex.
Additional Tools: Economic calendar integrated directly into the platform.

Account Types

Squared Financial offers a wide array of account types to cater to the diverse needs of its clients.

Each account type is designed with different features to accommodate varying levels of experience, trading strategies, and investment sizes.

Here’s an in-depth look at the account options available:

Standard Account

The Standard Account is designed for traders who are new to the forex market or those who prefer trading with minimal costs without commissions.

It offers a straightforward approach to trading with competitive spreads.

Minimum Deposit: $200
Spreads: Starting from 1.2 pips
Leverage: Up to 1:500
Commission: None
Trading Instruments: Forex, metals, indices, energies
Platforms Available: MetaTrader 4 and MetaTrader 5
Execution Type: Market execution
Minimum Trade Size: 0.01 lots
Margin Call / Stop Out: 100% / 50%

Pro Account

The Pro Account is tailored for experienced traders who require tight spreads and a more dynamic trading environment.

This account charges a commission but in return, offers lower spreads.

Minimum Deposit: $500
Spreads: From 0.6 pips
Leverage: Up to 1:500
Commission: $6 per lot traded
Trading Instruments: Includes all offerings available to Standard accounts
Platforms Available: MetaTrader 4 and MetaTrader 5
Execution Type: Market execution
Minimum Trade Size: 0.01 lots
Margin Call / Stop Out: 100% / 50%

Islamic Account

The Islamic Account, also known as a Swap-Free account, is designed for traders who need to comply with Sharia law.

This account type does not incur swap or rollover charges on overnight positions.

Minimum Deposit: $200
Spreads: As low as 1.2 pips
Leverage: Up to 1:500
Commission: None for forex, a small handling fee may apply for other instruments
Trading Instruments: Forex, metals, indices, energies
Platforms Available: MetaTrader 4 and MetaTrader 5
Execution Type: Market execution
Minimum Trade Size: 0.01 lots
Margin Call / Stop Out: 100% / 50%

Additional Features Across All Accounts

Regardless of the account type chosen, all clients benefit from several common features:

Negative Balance Protection: Ensures that clients cannot lose more than their initial investment.
Automated Trading: Allows the use of expert advisors (EAs) for automated trading strategies.
Educational Resources: Access to a comprehensive range of educational materials, including webinars, tutorials, and guides.

Account Comparison Table

Account Type	Minimum Deposit	Spreads	Commission	Leverage	Trading Platforms
Standard	$200	From 1.2 pips	None	1:500	MT4, MT5
Pro	$500	From 0.6 pips	$6 per lot	1:500	MT4, MT5
Islamic	$200	From 1.2 pips	None (Handling fee for non-Forex instruments)	1:500	MT4, MT5

This detailed account structuring allows them to serve a wide array of clients, from those just entering the markets to seasoned traders looking for competitive conditions and robust trading tools.

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Trading Costs

Fees

No Deposit Fees
No Withdrawal Fees
Inactivity Fee: $10 after 12 months of no trading activity.

Spreads and Commissions

EUR/USD: As low as 0.6 pips on Pro accounts.
Commissions: $6 per lot on Pro accounts, none on Standard accounts.

Trading Instruments

Forex: Over 80 currency pairs.
Commodities: Gold, silver, oil, and more.
Indices and Stocks: Major global indices and stocks.
Cryptocurrencies: Bitcoin, Ethereum, and others.

Payment Methods

Credit/Debit Cards: Visa, MasterCard.
E-Wallets: PayPal, Skrill, Neteller.
Bank Wire Transfers.

Customer Support

The broker offers dedicated customer support through the following channels:

Live Chat: Available 24/5 on their website.
Email: [email protected]
Phone: Multiple global numbers.

Support is available in multiple languages including English, French, Spanish, and Arabic.

Security and Regulation

Regulatory Bodies:

ASIC (Australia)
CySEC (Cyprus)
FCA (UK)

These regulators ensure that the company adheres to stringent guidelines, offering a secure trading environment.

Security Measures:

SSL Encryption: For secure transactions.
Segregated Accounts: Client funds are kept separate from company funds.
Negative Balance Protection: Ensures clients do not lose more than their account balance.

Educational Resources

The broker invests heavily in educating its traders.

Resources include:

Webinars and Seminars: Regular sessions from experienced traders.
E-books and Articles: Covering a range of trading topics.
Video Tutorials: Step-by-step guides on using their platforms.

Mobile Trading

Mobile Apps:

MetaTrader 4 & 5 apps: Available on both iOS and Android.
Features: Full trading capabilities, account management, and tools.

Summary Table

Feature	Details
Regulatory Authorities	ASIC, CySEC, FCA
Platforms	MT4, MT5
Minimum Deposit	$200
Spread	Starts from 0.6 pips
Commission	Up to $6 per lot (Pro Account)
Mobile Apps	Available on iOS and Android

Conclusion

Squared Financial stands out as a reliable broker with a solid regulatory framework and a commitment to providing a superior trading environment.

Its comprehensive educational resources and advanced trading platforms make it suitable for traders at all levels.

Whether you’re a beginner looking to start with a Standard Account or a seasoned trader interested in the perks of a Pro Account, Squared Financial offers the tools and support needed to succeed in the competitive world of online trading.

Visit official website: www.sqfin.com

User Reviews

“Squared Financial has been a great platform for trading. The MT5 support is excellent, and I’ve significantly reduced my trading costs due to their low spreads. Customer service has been responsive, though I would appreciate it if it were available 24/7.”

Ella Matthews

“As a beginner, the educational resources provided helped me a lot. Their platform is easy to navigate, and I appreciate their transparency in fees. However, the lack of services in the USA is a downside for many.”

John Clarke

“I enjoy trading cryptocurrencies and commodities. They offer various assets, which makes diversifying my portfolio easy. The only improvement I’d suggest is extending their customer support hours.”

Sophie Turner

“The no fee structure on deposits and withdrawals is what attracted me to Squared Financial initially. I’ve found their platforms to be robust and reliable, but more features for advanced traders would be beneficial.”

Liam Neeson

“Good broker with reliable execution. I’ve been trading here for two years and appreciate their consistent service. The educational materials are splendid for beginners. I do wish they had more options for advanced trading tools.”

Ava Smith

Video: What is Squared Financial?

Frequently Asked Questions

What trading platforms does it offer?

Squared Financial supports both MetaTrader 4 and MetaTrader 5, providing flexible trading options for all types of traders.

What is the minimum deposit required to open an account?

The minimum deposit required is $200, which allows access to all their trading instruments and platforms.

Are there any fees for deposits and withdrawals?

No, Squared Financial does not charge any fees for deposits or withdrawals, though your payment provider might impose their own fees.

Is Squared Financial a regulated broker?

Yes, the company is regulated by the FCA, CySEC, and ASIC, ensuring a high standard of trade practices and security.

Can I trade cryptocurrencies?

Yes, Squared Financial offers trading in various cryptocurrencies alongside forex, stocks, commodities, and indices.

Does it offer educational resources?

Yes, Squared Financial provides a wealth of educational materials, including webinars, e-books, and tutorial videos to support traders of all experience levels.

How can I reach their customer support?

Customer support can be contacted via email at [email protected] or by phone at +44 203 282 7777.

Resources

Our experts

This article has been written, edited and reviewed by the following members of our team:

Feng Zhou

Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

Sandro Pontedra

Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

Stephane Dubois

Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

Last update: May 6, 2024