SquaredFinancial Review | ProbusFX

SquaredDirect | SquaredFinancial

SquaredDirect | SquaredFinancial

www.squaredfinancial.com

  • Leverage: 1:30 to 1:400

  • Regulation: CySEC, FSA

  • Min. Deposit: US$100

  • HQ: Cyprus

  • Platforms: MT4, MT5

  • Found in: 2005

SquaredDirect Licenses

  • Squared Financial (CY) Ltd - authorized by CySEC (Cyprus) registration no. 329/17
  • Squared Financial Ltd - authorized by FSA (Seychelles) registration no. SD024 

Top 3 Forex Brokers

  1. SquaredDirect Pros and Cons
  2. Is SquaredDirect safe or a scam?
  3. Leverage
  4. Fees
  5. Spread
  6. Deposits and Withdrawals
  7. Trading Platforms
  8. Conclusion

What is SquaredFinancial?

SquaredFinancial, previously known as SquaredDirect and more lately ProbusFX, is FX and CFDs trading broker holding its headquarters in Cyprus. The broker provides trading solutions with the utmost support and education. SquareFInancial gives access to trade FX, Precious Metals, and CFDs on Energies and Indices is always coupled with a Professional Approach.

Moreover, the broker chooses its mainstay and the main approach on a technology-driven trading process with No Dealing Desk Intervention. Therefore, institutional-grade liquidity delivers ultra-fast, tight-spread pricing with low latency and market execution.

SquaredFinancial Pros and Cons

SquaredFinancial is a reliable broker with powerful technology and a trading platform, there are different pricing models and spreads are low. Education and customer support are good.

For negative points, there is no 24/7 support, also the broker changed the name several times. The range of instruments is limited to FX and CFD

AdvantagesDisadvantages
Multiply regulated broker with a strong establishmentRuns offshore entities
Good ReputationNo 24/7 support
Wide range of trading platformsOnly FX and CFD trading
Competitive trading conditions Conditions vary based on entity
Low Spreads
Global coverage including Asia, Europe and Middle East

Squared Financial Review Webpage

SquaredFinancial Review Summary in 10 Points
🏢 HeadquartersCyprus
🗺️ RegulationCySEC, FSA
📉 InstrumentsFX, CFDs on Energies, Indices, Precious Metals, Futures, Stocks, and Crypto
🖥 PlatformsMT4, MT5
💰 EUR/USD Spread1.2 pips
🎮 Demo AccountProvided
💰 Base currenciesEUR, USD, GBP, CHF
💳 Minimum deposit$100
📚 EducationEducational materials, market analysis
☎ Customer Support24/5

Overall SquaredFinancial Ranking

Based on our research, SquaredFinancial is a reliable broker with a good reputation offering a great variety of more than 10,000 trading instruments backed up with sophisticated trading platforms offering low spreads. The broker ensures global coverage offering its services in many countries.

  • SquaredFinancial Overall Ranking is 7.9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
RankingSquaredFinancialCapital.comPepperstone
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantageSpreadsReal StocksPlatforms

SquaredFinancial Alternative Brokers

However, SquaredFinancial instrument offering is mainly limited to Forex and CFDs, also international entity provides different trading conditions and range.  Even though, spreads, platforms, and education are really good at Squaredinancial  is good to consider other brokers too, see our selection of Alternative Brokers below:

Is SquaredFinancial safe or scam?

No, SquaredFInancial is not a scam it is governed by the laws of Cyprus. Thus, the company is fully registered and authorized by the local authority CySEC. Due to its nature and being a part of the EU, the CySEC registered companies deliver high-level investment services established in strict accordance with the set of rules and a cross-registration belonging to the EEA zone.

Read our conclusion on SquaredFinancial reliability:

  • Our ranked SquaredFinancial Trust Score is 8.3 out of 10 demonstrating that it is committed to following the necessary regulations and providing its clients with safe trading solutions. Although international trades must be completed through offshore entities, users can still diversify their portfolios while enjoying peace of mind knowing that this broker operates at an exceptional standard of credibility and trustworthiness
SquaredFinancial Strong PointsSquaredFinancial Weak Points
Good reputation and long years of operationRuns several offshore entities
CySEC-regulatedTrading offerings and protection standards vary depending on the entity
Negative Balance Protection
Compensation Scheme
Global Coverage

How are you protected?

As the client regulation requirement focuses on client safety and fair treatment, SquaredFinancial obviously delivers dedicated support along with unparalleled safety to every investor, with security procedures for money handling.

That covers money segregation, which means the company can’t touch the client’s funds at any time along with the participation in the schemes in case of insolvency. In addition, the broker applied for Negative Balance Protection which keeps the trading accounts protected from losses that exceed the initial balance.

SquaredFinancial Review License

SquaredFinancial Leverage

Under the regulatory restrictions imposed on authorized operations, the SquaredFinancial broker set the levels that were recently updated by the ESMA regulation as safe ones.

SquaredFinancial Leverage levels depend on the instrument you trade and are defined by the regulatory restrictions together with your personal level of proficiency.

  • Therefore, the European CySEC allows enjoying a maximum of 1:30 leverage applied to Forex retail accounts and even lower levels towards other instruments, while professional traders may apply for the higher levels.
  • Yet, trading with the global offshore SquaredFinancial branches you may access higher leverage ratios that go to a maximum of 1:500.

Generally speaking, leverage offers a significant multiplication of particular trading sizes, yet may impose higher risks to face losses as a consequence requires smart use of a tool.

Account types

SquaredFinancials account types offer 2 different account types SquaredPro and SquaredElite which are suited to the traders’ needs and experience requirements.

  • The account type difference is based on their minimum deposits and fees. SquaredPro offers commission-free trading with spreads, while spreads for SquaredElite raw spreads with a $5 commission per trade. 

The traders at the beginning can sign-up for a risk-free Demo account and further transfer it to the Live account. Muslim Traders are welcomed at the SquaredFinancial also, while able to choose any account type with a Swap-free feature.

ProsCons
Fast digital account openingConditions vary depending on the account type
Multiple currencies base accountsHigher minimum deposit
ECN Execution Type
Demo Account
Islamic Account

SquaredFinancial Review Leverage

Trading Instruments

SquaredFinancial Trading Instrument range is offered through FX and CFD models offering over 10000+ trading assets including crypto, futures, metals, energies, metals, indices, and stocks.

  • SquaredFInancial Market Range ranked 8.2 out of 10 for its extensive array of Forex and CFD instruments. However, users should be aware that there may be some variation in offers between different entities as well as a slightly restricted range overall offering only CFD-based assets

SquaredFinancial Review instruments

SquaredFinancial Fees

SquaredFinancial fees and pricing depend on the account type you select and are either commission or spread-based. SquaredPro Account typed offers no commission trading with standard spreads for FX pairs, whereas SquaredElite account offers spreads starting from 0 pip; however, charges a $5 commission fee. The broker doesn’t charge deposit/withdrawal fees, however, you should consider rollover fees and inactivity fees.

Swaps

SquaredFInancial Overnight fee or overnight funding is another cost or gain you should take into consideration. Generally, the overnight fee is applicable to those positions that are referred to as long one. As an example, a long position will cost -12.5 for buying or 5.5 for selling position on EUR/USD pair.

  • SquaredFinancial Fees are ranked with an overall rating of 8.3 out of 10 based on our testing and compared to over 500 other brokers. Fees and commissions vary based on entity offering, see our findings of fees and pricing in the table below

FeesSquaredFinancial FeesIFC Markets FeesAlvexo Fees
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingLowAverageAverage

Spreads

SquaredFinancial spreads depend on the chosen account, the trading costs for SquaredPro would be included in the low-tight spread offering with an average of EUR/USD 1.2 pips or represent an even lower spread provided by interbank, but with a commission per trade.

Whereas SquaredElite account type offers spreads starting from 0.0 pips with a commission of $5 per transaction.

  • SquaredFinancial Spreads are ranked with an overall rating of 8.4 out of 10 based on our testing comparison to other brokers. We found forex spreads are in line with the industry standard which is 1.2 pips. Other spreads are favorable too, see below the table of spreads offered by the broker
AssetSquaredFinancial SpreadIFC Markets SpreadAlvexo Spread
EUR USD Spread1.1 pips1.2 pips1.4 pips
WTI Crude Oil Spread364
Gold Spread3480 pips35

Deposits and Withdrawal Methods

The SquaredFinancial clients are able to perform simple and straightforward deposits or withdrawals that are performed with security and convenience through the client area. The range of depositing options includes the most common credit cards, bank wire, and e-payments, while another bonus is a 0% fee or commissions on deposits or withdrawals.

  • SquaredFinancial Funding Methods we ranked with an overall rating of 8 out of 10. The broker fees are either small or 0 with no deposit/withdrawal fees allowing depositing with different base currencies. And the minimum deposit is among average

Here are some good and negative points for SquaredFinancial funding methods found:

SquaredFinancial AdvantagesSquaredFinancial Disadvantages
Fast digital depositsConditions may vary according to the trading entity
Multiple Account Base Currencies
No deposit and withdrawal fees
No deposit and withdrawal fees

Minimum Deposit

SquaredFinancial offers two types of accounts: SquaredPro and SquaredElit. SquaredPro requires no minimum deposit to start trading, while for SquaredElite the initial deposit amount is $5,000.

SquaredFinancial minimum deposit vs other brokers

SquaredFinancial Most Other Brokers
Minimum Deposit $0 $500

Withdrawals

SquaredFinancial withdrawal options include the most used Bank Wire, Cards, and some e-wallets.

SquarredFinancial Review Funding Methods

Trading Platforms

SquaredFinancial trading platforms are MetaTrader4 and MetaTrader 5 as a trading operating system that is available in various versions compatible with all devices, mobiles, and tablets. The MT4 platform is well-known for its advanced trading capabilities, powerful level of analytical and technical tools, and additional features that enable vast trading possibilities.

  • SquaredFinancial Platforms are ranked with an overall rating of 8.3 out of 10 compared to over 500 other brokers. The broker has a great offering including leading MetaTrader Suit which is considered an industry-standard
PLatformsSquaredFinancialPepperstoneKey to Markets
MT4YesYesYes
MT5YesYesYes
cTraderNoYesNo
Own PlatformNoYesNo
Mobile AppYesYesYes

MetaTrader

MetaTrader4 is a market-leading trading platform and is a mainstay of SquaredDirect also. The software gained the trust of millions of traders, as features easy to use interface and powerful charts with the possibility to create custom layouts and templates to enhance their own style and workspace.

  • The platform is an effective choice to trade all ranges of SquaredDirect authorized trading instruments with highly rated capabilities along with backtesting, historical data, and analysis tools.

Also, the MT4 is known for its powerful automated functions with the availability to use the Expert Advisors of the choice or to create their own one with MQL4 language. Trading Signals through the MetaTrader Signals Service will help and enable customers to stay up-to-date with no need for personal constant viewing.

Mobile app

Moreover, for the traders’ convenience, the company included also a mobile version suited to any device Android or iOS. All in all makes a broker’s offering even more powerful through the back-office reporting functions, statements, and further planning through an adjustment to the existing strategies.

SquaredDirect platfrom

Customer Support

SquaredFinancial offers comprehensive customer care with a promise to satisfy every client. They provide 24/5 live chat services in multiple languages, including some of the less common ones. Plus, their Secure Client Area gives users complete account management solutions and a real-time news feed accompanied by plentiful educational resources and market commentary for traders’ convenience.

  • Customer Support in SquaredFinancial is ranked Excellent with an overall rating of 9 out of 10 based on our testing. We got some of the fastest and most knowledgeable responses compared to other brokers,  the only point is that it is not available on weekends

See our find and Ranking on Customer Service Quality:

ProsCons
Quick responseNo 24/7 support
Relevant answers
Supporting numerous languages
Availability of Live Chat

SquaredFinancial Education

SquaredFinanical Education offers an advanced level of education and is advised to do so since the market data and the knowledge will lead to potential success. In addition, traders may count on professional support through market analysis and daily pivot points, Live Market News streaming directly to the platform along with the Economical Calendars.

  • SquaredFinancial Education ranked with an overall rating of 8 out of 10 based on our research. The broker provides very good quality Education Materials, and excellent research.

SquaredFinancial Review Conclusion

SquaredFinancial review concludes that a strictly regulated Cyprus company acts as an intermediary between the traders and Liquidity providers. Overall, the company offers seems to be an attractive opportunity, as the support of traders is performed not only by the direct access to trade global markets but comes by the opportunity to learn and experience trading through the right education and robust trading technologies. However, the broker changes its trading names quite often which is rather a negative point.

Based on Our findings and Financial Expert Opinion SquaredFinancial  is Good for:

  • Regular Traders
  • Professional Traders
  • EAs running
  • Crypto Trading
  • CFD Stock Trading
  • Copy Trading
  • Scalping / Hedging Startegies
  • Traders who prefer MT4 or MT5 platform
  • Currency Trading and CFD Trading
  • MAM/PAMM Trading
  • Suitable for a Variety of Trading Strategies

SquaredFinancial Updates

We found SquaredFinancial website was inactive and unavailable to reach for some time, meaning the broker mutes its trading offering and does not propose account openings. However, for now website is active again, even though we recommend to make your own research before starting any trading. The Broker has changed name 3 times and was inactive for a while, which is quite unstable and suspicious, there are some better Brokers with good reputation like BalckBull Markets or HFM.

No news available.

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