The online broker was established in Ireland in 2005, and SquaredFinancial (CY) Limited owns and runs it. The organisation maintains offices in the Republic of Seychelles and Cyprus. It is authorised by two distinct regulators in both nations, and it safely offers clients a variety of tradable markets, including as energy and indexes, that may be traded outside of regular business hours through a network of ECN brokers. A FX and CFD broker, Squared Financial Ltd. provides trading services on mobile and internet platforms. The group is reliable and secure to trade with because it has licences from respected regulators, including the Cyprus Securities & Exchange Commission (CySEC). The advantages and disadvantages of Squared Financial, including their automated trading options, no-deposit welcome bonuses, and tradable assets, are covered in this review.
Hours of Squared Financial Forex Trading
5 days a week, 24 hours a day, trading is available. The portal can be utilised on the weekends for account administration and market analysis, but trading won’t take place then. Additionally, different markets and tradable assets have various opening and closing hours.
Education
On its website’s “Learn” area, the broker offers you a huge collection of educational materials. A good example of one of these is the Squared Academy, which offers a wide selection of articles and trading guidelines, as well as video training, a glossary, and a FAQ area. With regard to live webinars, seminars, and podcasts, I believe they still have room for improvement in the education department. The majority of you will be more than delighted with the information supplied, which is free to access, therefore this is only a small issue.
Customer Service
At Squared Financial, focus is placed heavily on customer care, and customer support staff are available during all trade hours. The customer care team can be reached through the live chat box in the bottom right corner of the website, as well as by phone, email, mail, Facebook, and post:
Message at : [email protected]
Post: 4004 Limassol, Cyprus, Kedrou 9, Mesa Geitonia.
Mobile Application
Both web-based and downloaded mobile trading apps are available to all Squared Financial clients. Mobile devices and tablets running iOS and Android can both download the MetaTrader 4 mobile app.
The mobile platform is ideal for traders who don’t want to miss a market chance when away from their computer because it only requires a simple login. The MT4 app can complement the desktop version as a notification centre, providing alerts for specific market and position situations. It also enables traders to open and close positions, track prices, and analyse charts while on the go.
Accepted Countries
SquaredFinancial welcomes traders from the majority of other nations as well as Australia, Thailand, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, and Qatar.
SquaredFinancial is not available to traders in the United States, Israel, Japan, Canada, Korea, or Belgium.
SquaredFinancial: Is it secure?
The following financial licences are held by SquaredFinancial, a trustworthy and secure broker:
- CySec (Cyprus Securities and Exchange Commission)
- FSAS (Financial Services Authority Seychelles)
SquaredFinancial has two financial licences, as you can see from the list above. This is definitely less than their competitors, but to balance this out, SquaredFinancial has been in business since 2005, and we had the opportunity to meet some of their team members in person. SquaredFinancial must continue to improve the services it offers and obtain additional regulatory licences from the most prominent authorities in the world, including: FCA, ASIC, and BaFin, in order to boost its reputation.
Pros
- Squared Academy offers high-quality education
- For the commission-free trading account, there is no minimum deposit.
- Leverage that is flexible and a volume-based rebate programme
- Wide-ranging asset selection
Cons
- Deposit of $5,000 is required to open a commission-based trading account.
- No MT4 or MT5 improvements
Conclusion
In general, SquaredFinancial is a reputable and licenced trading broker that offers traders the chance to trade a wide variety of financial instruments on the user-friendly yet potent MT4 & MT5 platforms. To locate trading signals and make wise judgments, traders can take advantage of a wide range of educational resources and trading tools. There are many accounts available with no minimum deposit requirements. A variety of payment options are available for account funding. There are offered demo accounts and interest-free Islamic accounts. Although the broker I used had modest spreads, there was a hefty minimum deposit requirement, and commission fees were still charged.
In the alternative, you can trade with no commission fees but pay a spread markup. They should be taken into account if you want to trade online with the least amount of fuss, in my opinion. There are simpler broker options available if you’re a low volume trader, a novice, or unfamiliar with the MetaTrader 4 or 5 interfaces. But if none of the check boxes above apply to you, SquaredFinancial is unquestionably a worthwhile option to take into account.
