Squared Financial Review

The Squared Financial brand commenced operations in 2005 and presently has two offices from which its operations are conducted. Using the same hybrid model that many EU brokers use, Squared Financial now has its corporate headquarters in

Seychelles to handle onboarding of offshore clients, while the Cyprus-based office houses the EU entity.

I. Background and Company Overview of Squared Financial

Squared Financial is a winner of multiple industry awards. The brand has been voted the Best Broker in Europe by A to Z Markets, the Best Crypto CFDs Trading Platform by World Business Outlook, and the Best Client Fund Security in Cyprus by the Global Brands Magazine.

Here are some other features that are drawing retail traders to Squared Financial in large numbers.

• In addition to the conventional fiat methods for deposit and withdrawals, Squared Financial also offers crypto-based methods.
• The brand offers a social trading suite where traders can copy other successful traders.
• There is a well-constructed educational suite where traders can get access to learning resources to help them become better traders.

II. Trading Platforms and Tools

Squared Financial offers its traders the following platforms:

• MT4
• MT5
• Squared WebTrader

Traders who use the MT4 and MT5 are given the three versions to work with (desktop, mobile and web). The advantage of the MT4 and MT5 is that they can be deployed to provide back-office reporting, statements and other resources for analyzing your trades when they are concluded. The MT Signals service is a prominent feature of these platforms and they also come with a programming interface for expert advisors and indicators.

The Squared Webtrader is a proprietary product from the company. It is a browser-based version of the in-house trading software that gives the company's clients access to other markets not covered by the MT4 or MT5.

To enhance the trade experience, the following tools have been provided:

• 20+ crypto CFD assets are provided as part of the asset index on Squared Financial.
• The iQbyQi product is a suite of resources that provide actionable analysis of the markets. It features a weekly insights video, trade signals and daily market insights from the in-house team.
• The WebTV service is an online streaming squawk service that brings you the action from the financial markets as it happens.

III. Account Types and Spreads

On Squared Financial, you can choose to open any of two account types.

• Squared Pro
• Squared Elite

The Squared Pro account is a no-commission account that comes with a $100 minimum deposit requirement. Spreads start from 1.2 pips.

The Squared Elite account has a minimum deposit requirement of $5000. Spreads start from 0.0 pips and trades attract commissions of $5 per standard lot per turn.

IV. Contract Specifications

Here are the contract specifications on Squared Financial.

• Both account types can be used on the MT4 and MT5 platforms.
• Accounts can be maintained in four base currencies (EUR, USD, CHF, GBP).
• Maximum leverage is set to 1:500.
• Minimum trade size is set to 0.01 lots.
• Each account has swap-free variants.
• Margin call and stop out levels are set to 50% and 30%, respectively.

V. Security and Regulation

Squared Financial (CY) Ltd is a Cyprus Investment Firm that operates the Squared Financial brand for the EU market. The company is authorized and regulated by CySEC with license number 329/17.

The global entity of Squared Financial operates from Seychelles. The company is authorized and regulated by the Financial Services Authority of Seychelles, with license number SD024.

Due to local regulatory restrictions in some countries and financial sanctions in others, residents of the US, Iran, North Korea, Syria, Cuba, Myanmar, Belarus, Russia, South Sudan, Venezuela and Yemen are barred from operating accounts with Squared Financial.

VI. Customer Support and Education

Customer support on Squared Financial is available via the following channels:

• Email: support@sqfin.eu; support@sqfin.com
• Phone: +357 22090227; 002484671943
• Live chat

Conclusion

Some traders like to trade the news as it happens. If you are one of them, the WebTV service of Squared Financial and its other features may sound interesting for you.