Squared Financial Limited is a forex and CFD broker presenting trading administrations on the web and versatile platforms. Authorized by legitimate controllers, including the Cyprus Securities and Exchange Commission (CySEC), the gathering is reliable and protected to exchange with. This audit dives into the advantages and disadvantages of Squared Financial, including their robotized exchanging arrangements, no welcome deposit rewards, and tradable assets.
Squared Financial Overview
Established in Ireland in 2005, the broker is possessed and worked by SquaredFinancial (CY) Restricted. The gathering has workplaces in Cyprus and the Republic of Seychelles. It is authorized in the two nations, with two separate controllers, securely giving customers scope of tradable markets, including energies and indices that can be traded outside of conventional hours through an organization of ECN brokers.
MetaTrader 4 (MT4) Platform
MT4 is the main web-based exchanging platform for retail merchants. Albeit most popular for exchanging on the forex market, MT4 can be utilized on different instruments and accompanies a few dozen specialized pointers, numerous diagram types, in addition to an array of examination devices.
Appropriate to newbies and progressed merchants alike, MT4 is an open online platform that gives a data-rich climate without over-burdening the PC or the screen. Its easy-to-understand configuration is viable with Windows, Linux, and Macintosh PCs.
MetaTrader 5 (MT5) Platform
For experienced traders, the MT5 arrangement offers an amazing set-up of devices. Customers profit with 80 specialized pointers, 21 timeframes, and a pile of computerized trading apparatuses, signals, and scripts from the MetaTrader Market. The trading terminal likewise offers broad customization so clients can discover a format that supplements their trading style. For traders searching for an all the more impressive form of MT4, the MT5 platform is a great decision.
The MetaTrader 5 arrangement can be downloaded free of charge from the broker’s website.
A good choice of assets is offered to traders at Squared Financial. Close by 50 forex pairs are CFD trading choices in energies, precious metals, and global indices, notwithstanding single stocks and futures.
Trading in energy CFDs permits speculators to trade in the asset without actual buy and conveyance. Precious metals are becoming progressively famous as they are unaffected by expansion, furnishing financial backers with the chance to support or broaden their portfolios. Indices are additionally a key tradeable instrument as financial backers bet on the presentation of a market generally, as the main 100 organizations in the UK, spreading hazard.
Spreads and Commissions
Squared Financial brings in its cash through a mix of spreads and commissions. For Gold account holders, there is no commission, notwithstanding, Platinum account holders are charged a $6 commission, and Diamond accounts accompany a $25 charge for every million.
Spreads are not serious for Gold account holders, with an 11 pip spread on the EUR/USD. In any case, you can profit with zero-spreads when trading a similar pair as a Platinum or Diamond account holder, and spreads stay good on other major FX pairs, for instance, 1 pip on the EUR/GBP and GBP/USD.
There are no charges for account inertia or for standing firm on footholds open for the time being.
Proficient Gold and Platinum account holders at Squared Financial are given leverage rates of up to 1:100, though Diamond traders are offered leverage up to 1:500. Be that as it may, because of EU administrative prerequisites, retail customers, paying little mind to account category, are offered standard leverage up to 1:30.
All Squared Financial customers approach both downloadable and web-based mobile apps. The MetaTrader 4 mobile app is available to the two iOS and Android-controlled tablets and mobile telephones.
Requiring a straightforward login, a mobile platform is extraordinary for traders who would prefer not to pass up on a market opportunity when away from the PC. Not just permitting traders to open and close positions, track costs and break down graphs while moving, the MT4 app can likewise enhance the work area adaptation as a warning place, giving alarms to certain market and position circumstances.
Deposits and withdrawals ought to be made utilizing the same method, with the accompanying choices available:
- Credit/Debit card (Visa and Mastercard)
- Bank transfer
Exchanges are processed in a split second from e-wallets while utilizing cards can take as long as 60 minutes, and bank transfers up to three working days, mostly depending on the provider. There are no fees applied by Squared Financial for withdrawals and deposits. However, the bank associated with wire transfers may charge their respective charges.
Squared Financial offers a demo account for prospective clients to explore the trading platform, strategies and to get to grasps with the broker. The demo account utilizes $50,000 of virtual money and a simulated market, so you can use preliminary diagrams and pointers with no danger to your capital.
Deals and Promotions
There are no special advancements or welcome bonuses at Squared Financial at the time of composing. However, account holders are allowed to access an educational center with video instructional exercises, e-books, articles, and preparing guides alongside expert market investigation and trading apparatuses.
Regulation and Licensing
Regulated and authorized by the Cyprus Securities and Exchange Commission (CySEC) for investment and subordinate services all through the European Union, Squared Financial Ltd is a reliable broker for traders from London to Krakow. There is additionally a part of Squared Financial, founded in the Republic of Seychelles, that is authorized and managed by the Financial Services Authority (FSA). Squared Financial (Cyprus) is likewise a member of the Investor Compensation Fund, which compensates retail clients if the broker neglects to pay legitimate rewards.
Regulation is an imperative consideration when picking a broker since your capital is in danger, so Squared Financial getting regulation from two different bodies is a solid sign of a safe broker.
Squared Financial has a large educational center called SquaredAcademy, which has something for traders of all experience levels. With an easy-to-use interface, bespoke, and a large library of preparing resources going from video instructional exercises to a forex glossary, SquaredAcademy is a huge asset. There are additional tips from professional managers and traders, alongside strategy examination and FAQs.
Free market investigation is given day by day to Squared Financial traders, with commentaries, live news, signals, and an economic calendar to guarantee key occasions and information are rarely missed. There is additionally a progression of trading calculators and currency converters to improve on numerous parts of trading, allowing more spotlight on the key decisions and strategies. Automated trading is another component accessible with Squared Financial, allowing traders to set calculations and pre-program trading instructions onto their accounts.
There are three diverse account types for traders looking to open real money accounts with Squared Financial. Each account has distinctive expense constructions, benefits, and prerequisites. However, all have a similar leverage rate for retail customers and admittance to automated trading.
The accounts accessible are:
- Zero commission
- Spreads start at 1.2 pips
- $100 minimum deposit
- 1:100 professional leverage
- Negative balance protection
- $6 commission
- Spreads start at 0 pips
- $500 minimum deposit
- 1:100 professional leverage
- $25 commission per million (USD)
- Spreads start at 0 pips
- $20,000 minimum deposit
- 1:500 professional leverage
Squared Financial is a directed intermediary with a few appealing benefits:
- Education focus
- Scalping and hedging
- MT4 trading stage
- Low minimum deposit
- Multi-language accessibility
- Zero spreads on EUR/USD and USD/JPY
- High leverage rates for Diamond accounts
There are additionally sure disadvantages to trading with Squared Financial:
- No social trading
- No weekend trading
- Negative balance protection restricted to Gold accounts
Squared Financial Trading Hours
Trading is open 24 hours every day, 5 days a week. The stage can be utilized over the course of the weekends for market investigation and account the executives, yet no trading will happen on these occasions. It ought to also be noticed that various markets and tradeable resources have diverse opening and closing occasions.
Customer administration is given a great deal of accentuation at Squared Financial; customer support groups are on hand each hour that trading is open. The customer administration group can be reached utilizing a live chat window situated at the bottom right corner of the site or through the post, email, telephone, or Facebook:
- Phone: +357 25260333
- Email: firstname.lastname@example.org
- Post: Kedrou 9, Mesa Geitonia, 4004, Limassol, Cyprus
Safety and Security
Squared Financial views security appropriately, with scrambled, split storage of individual data. Every installment strategy additionally requires another arrangement of security checks. Besides, the broker is straightforward – giving a range of authoritative records in the ‘About’ segment of their site.
Squared Financial Verdict
Squared Financial holds licenses with secure suppliers, making them a safe online broker to deal with. The MT4 trading platform is industry-famous, and its schooling place and language range make CFD trading available to traders around the world. Lamentably, it is held back by its absence of social trading; nonetheless, on the off chance that your advantages don’t lie there, Squared Financial has a solid rating and ought to be given thought.
Squared Financial acknowledges traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, India, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most different countries.
Traders cannot utilize Squared Financial from United States, Israel, Japan, Canada, Korea, and Belgium.
Alternatives to Squared Financial
In case if you are looking for another choice rather than Squared Financial, we have incorporated a rundown of the top 5 brokers that are like Squared Financial underneath. This rundown of brokers like Squared Financial is arranged by closeness and just incorporates organizations that acknowledge traders from your area.
FP Markets – FP Markets is a multi-asset broker offering a decision of trading platforms.
RoboForex – RoboForex is a multi-asset online broker offering incredible trading aides.
ThinkMarkets – ThinkMarkets is multi-regulated forex and CFD broker
OctaFX – OctaFX offers multi-asset trading on a range of platforms and versatile arrangements.
FBS – FBS is a top online broker offering MT4 and MT5 trading across a range of instruments.
Is Squared Financial regulated?
The Cyprus Securities and Exchange Commission (CySEC) directs Squared Financial, alongside the Republic of Seychelles Financial Services Authority (FSA), making it an authorized, reliable broker.
Does Squared Financial offer a demo account?
Indeed, a demo account with up to $50,000 can be opened with Squared Financial that is free of any charge. The demo account has no expiry.
What trading platform does Squared Financial give?
Squared Financial is MetaTrader 4 (MT4) offers the platform a profoundly respected, viable, and open platform.
What is the greatest leverage accessible at Squared Financial?
Diamond account holders approach leverage of up to 1:500 while Gold and Platinum individuals are covered at 1:100. Additionally, because of ESMA guidelines, retail customers from Europe are restricted to the leverage rate of 1:30.
What is the least deposit to open a Squared Financial record?
The minimum deposit for the Gold record is $100, while for Diamond account holders, the minimum deposit is $20,000. The minimum position size is 0.01 parts.