SquaredFinancial EU Broker Review 2024

SquaredFinancial EU is a Forex broker with a zero minimum deposit. Trading pairs on "SquaredPro" account have spreads starting from 1.2 pips. The maximum available leverage is 1:30 on the accounts with 4 base currencies [EUR, USD, GBP, CHF.]

The brokerage operates based on a margin call level of 100% and a 50% stop-out level.

Company Information & Regulation Authorities

SquaredFinancial EU is a multi-asset broker headquartered in Limassol, Cyprus, founded in 2005. What really catches our eye is their solid regulatory framework - they're supervised by a respected authority, that is Cyprus Securities and Exchange Commission (CySEC) under the license number 379/17.

The company's head office is located at 205, Arch. Makarios Avenue, Victory House, Block A, 5th Floor, 3030, Limassol, Cyprus.

SquaredFinancial EU Summary Of Key Specifics

Like every other review article you can find on TradingFinder, in this section we will provide a table with specifications of the brokerage. Let's break down the essential details you need to know:

Account Types Review and Comparison

SquaredFinancial EU does not offer much diversity in terms of live accounts, but it keeps things simple with two account types: SquaredPro & SquaredElite. In the table below, we will compare them:

As you saw in the table, there's not much difference between the two accounts. The main difference is in their spreads and commissions, which we will get to later in the article.

There's also a demo account available for clients on the broker.

Benefits and Drawbacks

A table of pros and cons is a useful material that gives us a better picture of a company's services. Let's look at what makes SquaredFinancial EU shine and where they could improve:

Sign Up and Verify on SquaredFinancial EU; Quick Tutorial

Registering with the broker might take a little time, but we will help you do it. Here's your quick guide:

• Visit the official website and click"Register" or "Open account;"
• Click "Open Live Account;"
• Enter your basic personal information and create a strong password;
• Provide additional data about your residence address and identity;
• Answer the financial situation questions.

You have created your account on the brokerage. For identity verification, you will need to provide these items:

• Proof of identity (passport/ID)
• Proof of residence (utility bill)
• Additional documents, if requested

SquaredFinancial EU Trading Platforms; Applications + Links

The broker offers two trading solutions with several applications on different operating systems. A Quick Overview of Trading Platforms in SquaredFinancial EU:

• Mobile App: One-click trading, customizable interface, portfolio management, and more
• MetaTrader 5: Access to over 2,500 algorithmic applications, tools for analytics, copy trading service, etc.

In the table below, you can find the links to each platform for your mobile devices:

Spreads And Commissions Review

First, we are going to review the broker's trading costs based on account types. Look for this information in the table below:

 Note that the commission varies per product. Regarding fees in other parts and operations, there are no costs in deposits and withdrawals. Also, no inactivity fee is charged by the broker.

Payment Options for Deposits & Withdrawals

More deposit and withdrawal methods in a broker lead to more compatibility for traders from various regions. SquaredFinancial EU offers diverse payment options:

• Credit/Debit Cards: VISA, MasterCard, etc.
• E-Wallets: Skrill, Neteller, and other platforms
• Bank Wire Transfer: Via bank accounts
• Alternative Methods: Crypto, etc.

Copy Trading Service & Other Investment Solutions

Actually, based on the latest available information, SquaredFinancial EU doesn't provide any options or services for copy trading purposes and earning passive income.

Bonuses and Promotions

Based on the investigations done on various sources, SquaredFinancial EU currently maintains a no-bonus policy in compliance with strict regulatory requirements. This approach reflects their commitment to:

• Transparent trading conditions
• Regulatory compliance
• Focus on core trading services
• Long-term client relationships

SquaredFinancial EU Support Channels and Active Hours

The support department might seem unimportant to many traders, but it's one of the most critical parts of a broker's services. SquaredFinancial EU covers all of the common and popular channels for contacting customer support:

• Live Chat: On the website
• Email: support@squaredfinancial.eu
• Phone: +35722090227
• Tickets: Detailed query handling, available on the website

Based on the available information, this department offers services in 7 Languages, which is an advantage, but, on the other hand, it's only available Monday to Friday from 7:00 to 21:00 (GMT+3).

Trust Scores & Reviews

Some platforms such as Trustpilot and REVIEWS.io are purposed for submitting user scores of companies. Let's examine SquaredFinancial EU's reputation across major review platforms:

• REVIEWS.io: 4.2/5 with more than 60 scores, 82% of reviewers recommend the broker

• ForexPeaceArmy: 1.4 out of 5, only 4 reviews

Except in the second mentioned website, which has too low ratings to be considered a reliable source for evaluation, SquaredFinancial EU has received decent trust scores on relevant websites.

Conclusion And Final Words

SquaredFinancial EU broker has received a 4.2/5 overall score out of +50 reviews on the REVIEWS.io website. The ScamAdviser platform has given a "trustscore" of 96/100 to the discussed company.

You must make a deposit of at least $500 to open a SquaredElite account.