Squared Financial was founded in 2005 by a group of experienced financial services professionals to provide online trading services to individual and institutional investors, with an administrative center located in Limassol, Cyprus. The company is currently authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 329/17), and also holds a general financial licence from the Irish Financial Services Regulatory Authority (IFSRA).
Squared Financial holds a cross-border CySEC license, authorised to provide investment services, and the company complies with EU and local regulations such as the European Markets in Financial Instruments Directive II and the Cyprus Investment Services and Activities and Regulated Markets Act. CFDs are responsible financial instruments and carry a high risk of losing money quickly, according to the company 79% of their retail investor accounts lose money.
Squared Financial provides investors with more than 120 trading products in 6 different asset classes, namely a selection of professional foreign exchange, precious metals, energy, futures, stocks and contracts for difference on global indices.
Leverage & Account
In order to meet the trading needs and trading experience of various traders, the broker Squared Financial offers 2 different types of accounts, namely professional account (minimum deposit of $0) and elite account (minimum deposit of $5000). Trade leverage is 1:50 for indices and energy products, and 1:10 to 1:50 for soft commodities. Forex product leverage is 1:200 in professional accounts and 1:30 in elite accounts. The trading leverage of precious metals is up to 1:200.
Spread & Commission Fees
The professional account is a commission-free account with a spread from 1.2 pips; the elite account has a spread of 0.0 pips and a commission of $5 per lot.
Squared Financial provides traders with market leading MT4 and MT5 trading platforms. Traders can create custom layouts and templates suitable for their trading market and style through MT4, which is efficient, user-friendly and flexible, and is suitable for Apple IOS system and Android system. MT5 is the best choice for modern traders, with a market depth system and a separate order and transaction accounting system, a multifunctional trading platform that offers a variety of excellent trading possibilities and embedded expert market analysis tools.
The main deposit and withdrawal methods supported by the company are Visa, MasterCard, Maestro, wire transfer, Skrill, NETELLER, UnionPay and Alipay.