Independent Review - Squared Financial
Quick Glance at Squared Financial
SquaredFinancial is a top-tier CFD broker known for its low commissions, competitive spreads, and dual regulatory trading licenses which launched in 2017 by SquaredFinancial (CY) Limited.
Through the comforts of the MetaTrader4 platform, SquaredFinancial traders can automate the trading process through 3rd party supported entities, enjoy super-tight spreads and swaps, and navigate a cornucopia of educational trading resources while testing trading strategies with a free $50,000 demo account.
Traders have the option of choosing from 3 separate trading account types, differentiated by trader risk and budget, and have access to market analysis highlights and fundamental analysis-based trading tools such as an economic calendar and currency converter.
SquaredFinancial (CY) Limited owns and operates SquaredFinancial.
SquaredFinancial (CY) Limited reflects a company registration number of HE 355968 and is regulated by CySEC through licensed number 329/17 and FSA license number SD024.
European traders are flourishing to SquaredFinancial due to their EU licensing and history of good reviews.
Customer support agents are fluent in English, Arabic, and Greek even though Chinese, Spanish, and English are the languages that the SquaredFinancial site supports.
Traders have the option between gold, platinum, and diamond trading accounts.
Gold trading accounts are best suited for beginner traders who would prefer to work with zero commissions, no hidden fees, and a smaller initial deposit requirement of $100.
Platinum account traders have access to raw spreads, more competitive pip spreads, a minimum deposit requirement of $500, and are optimal for skilled traders.
Institutional or high-volume trading individuals benefit from fixed low commissions, industry-rivaling spreads, and must be met with a $20,000 initial investment deposit.
Fees and Costs
Fees are mitigated and worked into the spreads or low commissions of SquaredFinancial.
Pips start from 0.0 to 1.2 pips while no deposit, withdrawal, or hidden fees are enforced.
SquaredFinancial supports the US dollar, Pound sterling, Chinese yuan, and Euro.
E-wallets and card payments supported would be Skrill, Neteller, Visa, MasterCard, AliPay, UnionPay, and Maestro.
Bank wire transfers are also accepted while processing times are estimated between 1 hour to 3 business days.
As a result of geographic and regulatory restrictions, SquaredFinancial is not available for traders who live in Canada, Australia, Israel, Belgium, North Korea, or the United States of America.
Mobile app, web, and desktop trading are rendered through SquaredFinancial’s supported MetaTrader4 (Mt4) platform while traders have access to over 60 financial instruments to trade varying from energies, currencies, metals, and international indices.
Technical trading indicators, Expert Advisors (EAs), social trade following, and signal service providers through MT4 may be implemented with SquaredFinancial.
Indices, metals, forex, and energies are the 4 asset classes for supported financial instruments.
Fundamental trading resources such as market events, financial events, and daily market outlooks provide traders good external scope while technical trading applications such as technical indicators and trading calculators make SquaredFinancial more optimal for technical-based traders.s
The educational center of SquaredFinancial can be broken down into three segments.
Learning forex fundamentals, improving your ability to analyze markets, and how to become a better trader.
Educational material is available via eBooks, trading guides, tutorial videos, FAQs, and educational articles.
While traders shouldn’t expect to learn any riveting or high-powered trading insights, the fundamentals are thorough and serve as a necessary refresher.
Here are the primary contact methods for SquaredFinancial:
Phone: (357) 252-20-60333
Customer support is available 24/5 while their physical office address is located at SquaredFinancial, Kedrou 9, Mesa Geitonia, 4004, Limassol, CY.
The Bottom Line
Operating as one of EU’s preferred CFD brokers, SquaredFinancial is geared towards beginner traders although their platform is suitable for seasoned traders with extensive MetaTrader4 experience.
Providing a free demo account, free educational trading resources along with automated and social trading options is just a few of the reasons why European traders are gravitating towards SquaredFinancial.
Last but not least, mobile app and web-based trading are not only encouraged but also supported while SquaredFinancial continues to grow in trader reputability.
Dealing on Own Account