SquaredFinancial (Cy)

SquaredFinancial Review: Is SquaredFinancial a Good Broker?

Broker overview and general information

SquaredFinancial is a broker that combines financial market expertise with investor support, offering flexible solutions with user-friendly technology for both beginners and professional traders. The broker has a team of experienced financial services professionals, providing investment tools and access to cutting-edge products. The broker guarantees the quality of its services with over 18 years of experience in the industry and has won over 16 awards in various categories since 2020.

Broker Licensing and Regulation

If you ask whether SquaredFinancial broker is good or not, you must first consider the license factor. The broker has the following licenses:

• Financial Services Authority (FSA) License No. SD024 under SQ Sey Ltd.

• Cyprus Securities and Exchange Commission (CySEC) license number 329/17 under Squared Financial (CY) Limited.

SquaredFinancial Products and Services

Trading products

The broker offers a wide range of investment products, supporting trading of CFDs on Forex, stocks, indices, metals, futures, energies and cryptocurrencies.

• Trade Forex: Trade Forex and make profits from a variety of popular currency pairs. There are more than 40+ currency pairs to choose from, with low spreads of 0.0 Pips, allowing investors to make even more profits.

• Stocks: Trade world-famous stocks without owning/buying actual stocks.

• Indices: Trade global indices on the most popular indices around the world.

• Metals: Trade Gold and Silver with low spreads starting from 0.0 Pips with transparent trading system. Make profits without worry.

• Futures: Make profits from trading futures on various types of assets with low spreads and a transparent, verifiable system that helps to diversify your portfolio.

• Energy: Trade important energy in the global market, including crude oil and natural gas.

• Digital Currency: Trade Cryptocurrency, an asset that has no market opening/closing time, can make profits at any time, pair popular coins so that investors do not fall behind the trend.

Trading Platform

You can invest through 3 platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5) and SquaredFinancial App.

• MT4: MetaTrader 4A basic trading program suitable for all new investors. Easy to use, convenient, fast, the most convenient platform to start trading.

• MT5: MetaTrader 5A reliable trading program that is trusted by investors around the world. With a transparent, fast system that meets investment needs well, and also has many tools to help you trade more efficiently.

• SquaredFinancial AppMake trading possible at any time with an easy-to-use mobile application. Investors will not miss any profit opportunities. Available for both iOS and Android.

SquaredFinancial Account Types Review

There are two types of investor accounts: SquaredPro and SquaredElite accounts.

SquaredPro Account

• Average spread starting from 1.2 Pips

• No commission

• Minimum deposit 0 USD

• Recommended deposit 200 USD

• Maximum leverage 1:500

• Minimum trade size 0.01

• Margin Call 100%

• Stop Out 30%

SquaredElite Account

• Average spread starting at 0.0 Pips

• Commission $5 per lot

• Minimum deposit 500 USD

• Recommended deposit 2,000 USD

• Maximum leverage 1:500

• Minimum trade size 0.01

• Margin Call 100%

• Stop Out 30%

Promotions and bonuses

The broker offers various promotions such as 10% First-Time Deposit Bonus, 10% First-Time Deposit & Redeposit Non-Losable Bonus and 25% First-Time Deposit & Redeposit Non-Losable Bonus, etc. You can read more details on the website https://sqfin.com.

Deposit and Withdrawal Review

Supported deposit/withdrawal channels

• Bank transfer

• VISA

• Mastercard

• PayMaxis

• PowerCash

• SafeCharge

Broker Customer Service

For foreign investors or Thai investors who want to invest, you can contact customer service 24 hours a day through this channel.

Email: [email protected] 

Website: https://sqfin.com/ 

Supported languages:English, German, Italian, Spanish, Chinese, Nigerian, Portuguese, Indonesian, Malaysian, Vietnamese

SquaredFinancial Review: Pros and Cons

strength:

• A wide range of tradable assets

• There are promotions and bonuses to increase benefits for investors.

weakness:

• Limited deposit and withdrawal channels

• There are only 2 account types to choose from.

• Lack of detailed explanation of deposit and withdrawal details

• There are concerns about the reliability of the license.

• Leverage is quite limited compared to other brokers.

Broker Review Overview Summary

Overall, SquaredFinancial is a broker with assets covering a wide range of markets, ready to trade on both MT4 and MT5, which are highly reliable. It also provides convenience to investors, allowing them to trade with their mobile phones at all times through the broker's SquaredFinancial App application. There are only limitations in terms of deposit and withdrawal channels, which may not be convenient for some investors. Having only 2 types of accounts to choose from may not meet the needs of some types of investment.

SquaredFinancial FAQs

1. What platforms can I use to trade Forex?

Answer: You can trade with SquaredFinancial via MetaTrader 4 (MT4), MetaTrader 5 (MT5) and the SquaredFinancial App.

2. How many types of accounts are there to choose from?

Answer: There are two types of accounts available: SquaredPro and SquaredElite.

3. What channels can I withdraw money through?

Answer: You can withdraw money via BankTransfer , VISA , Mastercard , PayMaxis , PowerCash ,SafeCharge.

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SquaredFinancial Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide on the broker that suits your needs.