Company Profile
Company Profile
Review summary
| SQUAREDFINANCIAL Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC, AMF, FSA, CNMV |
| Market Instruments | Forex, Metals, Indices, Energy, Stocks, Futures, Cryptocurrencies |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0 pips |
| Trading Platform | Mobile App, MT4, MT5 |
| Min Deposit | $50 |
| Customer Support | 24/5 support |
| Contact form | |
| Tel: 002484671943 | |
| Enail: support@sqfin.com, complaints@sqfin.com | |
| Company Address: Commercial House 1, Office no 4, Eden Island, Mahe, Seychelles | |
| Regional Restrictions | UK, USA, Canada, Australia, New Zealand, Iran, North Korea, and Myanmar (Burma) |
Founded in 2022, SQUAREDFINANCIAL is a regulated broker registered inCyprus, offering trading in Forex, Metals, Indices, Energy, Stocks, Futures, and Cryptocurrencies with leverage up to 1:500 and spread from 0 pips through Mobile App, MT4, and MT5 platfforms. Demo accounts are available and the minimum deposit to open a live account is just $50.
Pros and Cons
| Pros | Cons |
| Regulated by CYSEC, AMF, FSA, CNMV | Not accept e-wallet payments |
| Various market offerings | No live chat support |
| Demo accounts available | Regional restrictions |
| Commission-free account offered | |
| MT4 and MT5 supported | |
| Low minimum deposit |
Is SQUAREDFINANCIAL Legit?
SquaredFinancial complies with the guidelines established by several important regulatory bodies:
Cyprus Securities and Exchange Commission (CySEC): SquaredFinancial is regulated under license number 329/17.
Autorité des Marchés Financiers (AMF): In France, SquaredFinancial operates under license number 71593.
Seychelles Financial Services Authority (FSA): For its offshore operations, SquaredFinancial is regulated under license number SD024.
Comisión Nacional del Mercado de Valores (CNMV): In Spain, the firm is regulated under license number 4421.
| Regulated Country | Regulated Authority | Regulatory Status | Regulated Entity | License Type | License Number |
 | Cyprus Securities and Exchange Commission (CySEC) | Regulated | Squared Financial (CY) Ltd | Market Making (MM) | 329/17 |
 | The Autorité des Marchés Financiers (AMF) | Regulated | Squared Financial (CY) Ltd | Retail Forex License | 71593 |
 | The Seychelles Financial Services Authority (FSA) | Offshore Regulated | Squared Financial (CY) Ltd | Retail Forex License | SD024 |
 | Comisión Nacional del Mercado de valores (CNMV) | Regulated | Squared Financial (CY) Ltd | Retail Forex License | 4421 |
What Can I Trade on SQUAREDFINANCIAL?
SqaredFinancial offers over 10,000 financial instruments across 7 asset classes, Forex, Metals, Indices, Energy, Stocks, Futures, and Cryptocurrencies.
| Trading Asset | Available |
| forex | ✔ |
| metals | ✔ |
| indices | ✔ |
| energy | ✔ |
| stocks | ✔ |
| futures | ✔ |
| cryptocurrencies | ✔ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
Account Type/Fees
Squared Financial offers two typesof live accounts with varying trading costs.
| Account Type | Squared Pro | Squared Elite |
| Accepted Currencies | EUR, USD, GBP, CHF | |
| Max Leverage | 1:500 | |
| Avg EUR/USD Spread | From 1.6 pips | From 0.0 pips |
| Commission | ❌ | $7 per lot |
Additionally, this platform offers Islamic (swap-free) accounts that have exactly the same trading terms and conditions as our regular trading account types.
Leverage
Squared Financial offers leverage up to 1:500 for both account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform
Squared Financial offers a variety of trading platforms including the popular MetaTrader 4 and MetaTrader 5 platforms as well as their own SquaredFinancial Mobile App.
| Trading Platform | Supported | Available Devices | Suitable for |
| Mobile App | ✔ | Mobile | / |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
Deposit and Withdrawal
Squared Financial accepts deposits and withdrawals via Bank Transfer, Visa, MasterCard, cryptocurrencies, Insta Transfer, etc.
civic
Malaysia
For example, if you have a $3,000 investment that has yielded a profit of over $20,000 in a year, and you made several withdrawals of $1,350 each, but your last withdrawal of $2,000 was rejected, and you then contacted the platform's customer service to request a refund of your principal and forgo the profits, your application for $1,650 was immediately approved and the funds arrived within minutes.
Exposure
woodrow
Hong Kong
My withdrawal request keeps showing "pending review." Customer service initially said 1 to 3 days, then 1 to 5 days, and finally told me to wait patiently.
Exposure
A..................
Hong Kong
What a terrible platform! They don't process withdrawals and the account managers don't reply to messages.
Exposure
YUN1
Hong Kong
The account principal was 20,000, and in April, only four gold trades were made. After making a profit, I planned to withdraw part of the principal first. However, the withdrawal was rejected, and they started asking for various documents to delay the withdrawal process. After providing all the required documents, the platform directly deducted all the profits and then accused me of 'pushing trades.' Before opening the account, they claimed that normal trading would allow withdrawals. But when they see clients making profits, they either block withdrawals or deduct the profits—so only when clients lose money is it considered 'normal trading'? I have fully disclosed my trading records, and even normal orders can be labeled as 'pushing trades'—it’s utterly disgusting.
Exposure
غاني
Qatar
This is the only place where I benefit from serious market insights, because they rarely make mistakes in predictions. By reading their articles with detailed explanations, I always know what I should do to prepare for the worst. However, absorbing all this information through reading texts is a tedious process, and perhaps it would have been better to explain everything through videos.
Neutral
S_Hassen
Saudi Arabia
This is exactly what i do on this platform. The academy is great, like their ebooks and vidoe tutorials. Cover the basics and a bit more. Also there is no min depo requirement on the pro account, you can deposit whatever you feel comfortable with, even if you want only $10 it can work
Positive
AbdullahAl-Fahad
United Arab Emirates
I started with a demo account as a complete beginner. Here's what caught my attention: There's no minimum deposit requirement for the SquaredPro account, which made it easy to start. The MT4 platform took some time to get used to, but it works well. The copy trading feature is useful for learning from others. Customer support patiently answered my basic questions. The educational materials could be better for me. Overall, a good option to start with although I'm still learning the basics.
Positive
GuillemValdivia
Mexico
There were two options: elite and pro accounts. I chose the latter one because it has no minimum deposit requirements. I started from $100 and so far so good. No frills fr!
Positive
Siraajel-Hanif
Saudi Arabia
Trading here seems fair... SquaredPro includes: - Low spreads - No minimum deposit - No additional trading fees - No deposit/withdrawal fees
Positive
夜夜谈
Hong Kong
The platform prevents withdrawals under various pretexts when there are profits, demanding payment of various fees. It's a dishonest platform.
Exposure
Awad_A
United Arab Emirates
I cannot explain my irritation with random no name brokers asking for 1k+ deposits right from the get go. There is no way I would deposit that. But somehow this broker... doesn't have any?? Maybe it's because of their huge scale, that they are able to sustain this, but regardless, I appreciate the move. Tired it out and feeling confident to make this my main broker now
Positive
زينب عليو
United States
To my surprise, on Friday, August 15th, after making my fourth withdrawal, I attempted to make a 1-lot transaction as usual but failed. At first, I thought it might be an IMR limitation of Squaridfinance, so I tried 0.5 hands, but it was also rejected. I thought maybe this was just a quirk of Squared Finance Friday, so I calmed down. But on Monday, the same problem reappeared! I couldn't even execute 0.4 hands, which ultimately resulted in a loss of funds for me. I feel really sorry
Exposure
zara shuraim
Nigeria
They are not letting me withdraw the rest been trying and getting denied for an hour😭
Exposure
Khalid_AlSaidi
Saudi Arabia
They needed two days to fulfill my request, so I waited until Monday. Other than that, the dictionary and some instructions are available in Arabic...
Neutral
Luis3350
Mexico
they are great at trading, but whenever I travel, half the time this shows up. They dont allow even to visit their website, and how am I supposed to enter my credentials for them to recognize that its me?? Support helped a bit, they were nice to talk to ..., but still have to use VPN when I'm out of the country lol. This really turns out to be the easiest and fastest way.
Positive
FX2007566321
Hong Kong
Warning! My painful experience with SquaredFinancial: Under normal trading conditions, withdrawal was restricted without any reason! Exposing the fraudulent practices of this forex platform with real-name verification! Full evidence attached. On July 8, 2025, I came into contact with this forex platform, registered, and deposited $500. Throughout, I traded normally and made regular deposits and withdrawals. However, on July 10, 2025, when attempting to withdraw $610, the platform directly refused without any reason. The account manager cited regulatory routine checks and demanded: 1. A no-criminal-record certificate, 2. A bank-issued asset statement, 3. A video of me holding my ID card (front and back) explaining whether trades were self-executed or managed by others, and 4. A video of cryptocurrency deposits showing my name and deposit amount. **No email notification**: From start to finish, I traded normally and made regular withdrawals without receiving any notice about account issues. **Funds frozen without withdrawal**: The withdrawal was blocked, and the next day during communication, the platform deducted 943.84 from my funds without justification. Online support kept redirecting me to the account manager, who then passed me to risk control—endless buck-passing, but no resolution. I now formally accuse SquaredFinancial in my real name!
Exposure
FX2007566321
Hong Kong
Warning! My painful experience with SquaredFinancial: Under normal trading conditions, withdrawals were restricted without any reason! Exposing the fraudulent behavior of this forex platform with real-name exposure! Full evidence attached. I came into contact with this forex platform on July 8, 2025, registered, and deposited $500. Throughout, I traded normally and made normal deposits and withdrawals. However, on July 10, 2025, when I attempted to withdraw $610, the platform directly refused the withdrawal without any reason. The account manager cited routine regulatory checks and demanded I provide: 1. A certificate of no criminal record, 2. A bank-issued asset certificate, 3. A video of myself holding my ID card (front and back) explaining whether the trades were self-operated or managed by someone else, 4. A video of cryptocurrency deposits, including my name and deposit amount. **No email notification**: From start to finish, I traded normally and made normal deposits and withdrawals without receiving any email indicating issues with my account. **Funds frozen, withdrawals denied**: Withdrawals were blocked, and the next day during communication, the platform deducted 943.84 from my funds without justification. Contacting customer service led to endless buck-passing between the account manager and platform risk control—no resolution, just refusal to process withdrawals. I am now filing a real-name complaint against SquaredFinancial!
Exposure
FX2007566321
Hong Kong
Warning! My painful experience with SquaredFinancial: Under normal trading conditions, withdrawals were restricted without any reason! Exposing the fraudulent behavior of this forex platform with real-name exposure! Full evidence attached. I came into contact with this forex platform on July 8, 2025, registered, and deposited $500. Throughout the entire process, I traded normally and made normal deposits and withdrawals. However, on July 10, 2025, when I attempted to withdraw $610, the platform directly refused the withdrawal without any reason. The account manager cited routine regulatory checks and demanded I provide: 1. A certificate of no criminal record, 2. A bank-issued asset statement, 3. A video of myself holding my ID card (front and back) and explaining whether the trades were made by me or managed by someone else, 4. A video of cryptocurrency deposits, including my name and deposit amount. **No email notification**: I was trading and withdrawing normally the entire time, yet I never received any email stating there was an issue with my account. **Funds frozen without withdrawal permission**: The withdrawal was blocked, and the next day during communication, the platform deducted 943.84 from my funds without justification. Contacting customer service only led to endless buck-passing between the account manager and the platform's risk control team—no resolution, just refusal to process the withdrawal. Now, I will officially report SquaredFinancial with my real name!
Exposure
AlejandroVargas
Mexico
I like how easy it izz to withdraw! i'd appreacaite more methods tho🤨
Positive
FX2007566321
Hong Kong
Warning! My painful experience with SquaredFinancial: Under normal trading conditions, withdrawals were restricted without any reason! Exposing the fraudulent behavior of this forex platform with real-name evidence! Full evidence attached. I came into contact with this forex platform on July 8, 2025, registered, and deposited $500. Throughout the process, I traded normally and made regular deposits and withdrawals. However, on July 10, 2025, when I attempted to withdraw $610, the platform directly refused without any reason. The account manager cited regulatory routine checks and demanded: 1. A certificate of no criminal record, 2. A bank-issued asset certificate, 3. A video of me holding my ID card (front and back) explaining whether the trades were self-operated or managed by others, and 4. A video of cryptocurrency deposits, including my name and deposit amount. **No email notification**: I traded and withdrew funds normally the entire time without receiving any notice about account issues. **Funds frozen without withdrawal permission**: The withdrawal was blocked. The next day during communication, the platform deducted the funds 943.84 without justification. Online customer service kept redirecting me to the account manager, who then shifted responsibility to the platform's risk control—endless buck-passing, refusing to process the withdrawal. I am now filing a real-name complaint against SquaredFinancial!
Exposure
RahimJaffer
United Arab Emirates
The web is ordinary but the number of deposit and withdrawal options is important. It works directly with my bank and seems secure.
Positive
Hong Kong
Unable to withdraw
Exposure
FX9095138112
Qatar
They have an Islamic account. It's great that companies care about traders and allow Muslims to trade within their faith. However, they have listed the tools they offer without swaps, and they are not many. I can even count them, they only have 18 tools. Better than nothing, but they can increase them later.
Neutral