Squared Financial Review 2024 - Investing.com (2024)

Pros

• Wide range of instruments
• Spreads begin at 0.0
• Provides MT4, MT5, and a mobile application
• Wide selection of payment methods

Cons

• No micro accounts

The SquaredPro account, with its $0 minimum deposit, is a great choice for entry-level traders. The variety of educational resources and insights offered by SquaredFinancial shows that it is dedicated to catering to both beginners and seasoned traders. The broker’s educational resources include:

• Webinars and Seminars: SquaredFinancial provides live webinars and seminars by industry experts, covering a wide range of topics and breaking news in the financial world. It is important for traders, no matter how seasoned they are, to keep track of the news and market movers.
• Market Insights and Signals: This feature gives traders different views and opinions within the markets, and these insights include market analyses. Traders will find these insights helpful, particularly if they are new and need a nudge in the right direction.
• Ebooks and Video Tutorials: Traders benefit from exclusive access to a vast library of ebooks and video tutorials, carefully crafted to empower them with insights and strategies. Whether they are seasoned investors or just starting, these comprehensive resources ensure they stay ahead of the markets.

Considering the $0 minimum deposit and educational resources offered, we’d say that SquaredFinancial is friendly to new traders. Furthermore, with its wide range of assets (as discussed in a few sections below), this broker proves to be a great choice for experienced traders too.

• Asset Range. As aforementioned, SquaredFinancial has an impressive asset range, allowing you to trade a wide range of instruments across different classes. It offers CFDs on cryptos, futures, forex, energies, metals, indices, and stocks & ETFs. There is also an Islamic account for traders who cannot have swap fees due to their religious beliefs.
• Dynamic Leverage. Each trading account has its own leverage requirements, but, with SquaredFinancial, you can get a maximum leverage of 1:500 on certain assets. For major currencies, leverage is 1:30, while for other CFDs, it ranges from 1:10 to 1:50. For some accounts, a leverage of 1:2000 is offered.
• Social Trading. Social Trading has become very popular in recent years, particularly among new traders. You are imitating the actions of other successful traders when you social trade. The SquaredFinancial Social Trading Tool lets you choose one or several strategies to follow. A minimum balance of $50 is required, and you retain full control over your positions, even while copy trading.
• Payment Methods. When making deposits and withdrawals with SquaredFinancial, you have a lot of payment methods from which to choose. The main methods include bank transfers, Visa, Mastercard, Crypto, and many more. Many SquaredFinancial clients have commented on the convenience of this broker’s payment systems.
• High-Tech Platforms. SquaredFinancial offers its clients MetaTrader 4, MetaTrader 5, and a mobile app. MetaTrader is an industry-standard, as it comes complete with high-tech indicators, charting tools, and other useful features.
• Demo Account. You can test out your strategies and plans before risking real money with SquaredFinancial. This broker offers a demo account with $50,000 in virtual money to its traders. The demo is an invaluable practice tool, and it is free to use at SquaredFinancial.
• Affiliate Program. With this broker, you can become an affiliate, as SquaredFinancial is one of many brokers to offer partnership programs. There is a single- and multi-tier SquaredFinancial program, and you can earn up to 65% of the revenue by being an affiliate. This affiliate program is best for individuals and corporations who want to extend their client portfolio and earn commission from client trades.

With the SquaredPro account, you can access $0 commissions, while the Elite Account has commissions of $5 per lot. Below is a brief overview of the characteristics of each asset class SquaredFinancial offers to its traders:

• Crypto CFDs. You can access minimal fees, wide accessibility, and leading coins, and there is no need to own a wallet.
• Futures CFDs. You have direct access to commodity markets, super-tight spreads, and bidirectional bidding.
• Forex CFDs. Trade 40+ CFDs on forex pairs 24 hours a day, 7 days a week.
• Energies CFDs. You can directly access commodity markets, hedge your portfolio, and access super tight spreads.
• Metal CFDs. Trade spot gold and silver with spreads and swaps as low as 0.0 pips.
• Indices CFDs. Access low-margin requirements and trade seven of the most important global indices as Contracts for Difference.
• Stock CFDs. Trade global stocks with leverage of up to 1:5 for most instruments.

In addition to its 3.9/5 Trustpilot rating and award-winning track record, SquaredFinancial has gotten pretty good ratings from other traders and trader-centric websites. Here are some of the ratings we have found online and their sources:

• SiteJabber: 4.84/5
• TradersUnion: 3.94/10
• WikiFX: 8.2/10
• FXScouts: 4/5

As you can see, these reviews tend to trend positively, indicating that most users have good experiences when trading with SquaredFinancial (though individual experiences may vary).

Q: How do I sign up for a SquaredFinancial Account?

A: Visit the Squared Financial website, click on “Register”, and begin the process to register for an account at SquaredFinancial.

Q: Where is SquaredFinancial available?

A: This broker is currently available in more than 30 countries.

Q: Where can I access SquaredFinancial’s legal documents?

A: This broker has their legal documents posted on their website under the “About” section, “Regulations & Licenses” and “Legal Documents”.