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SquaredFinancial

Cyprus | 5-10 years |
Regulated in Cyprus | Market Maker (MM) | Suspicious Scope of Business | Medium potential risk

https://www.squareddirect.com/

Website

Rating Index

Contact

+1 +44 2031371393
support@squareddirect.com
https://www.squareddirect.com/
https://www.facebook.com/squaredfinancial
VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-07-27
  • The broker's claimed SeychellesFSA regulation (Regulation Number: SD024) has not been verified. Please be alert to the risks!
3

Basic Information

Registered Region
Cyprus
Operating Period
5-10 years
Company Name
Squared Financial (CY) Limited
Abbreviation
SquaredFinancial
Company employee
--
Customer Service Email Address
support@squaredfinancial.sc
Contact Number
+1442031371393

FX2007566321

Unverified

Hong Kong

Warning! My painful experience with SquaredFinancial: Under the premise of normal trading, there is no reason for restricting withdrawals! Exposing the fraudulent behavior of the forex platform with real-name disclosure! Attached with all evidence. I contacted this forex platform on July 8, 2025, registered, and deposited $500. From start to finish, everything was normal in trading and withdrawals. However, on July 10, 2025, when I tried to withdraw $610, the platform refused the withdrawal without any reason, asking me to provide: 1. Proof of no criminal record, 2. Bank-issued proof of assets, 3. A video of me holding my ID card with both sides shown, explaining whether the trades were done by me or by someone else, 4. A video of cryptocurrency deposits, including my name and the deposit amount. **No email notification**: Throughout the process of normal trading and withdrawals, I did not receive any emails indicating issues with my account. **Funds on hold not returned**: The withdrawal was stuck, and the next day during communication, the platform directly deducted $943.84 without any reason. When contacting online customer service, the platform kept redirecting me to the account manager, and the account manager redirected me to the platform's risk control, passing the buck back and forth, refusing to release the funds. I now publicly report SquaredFinancial for its actions!

Exposure

In a week

FX2007566321

Unverified

Hong Kong

Warning! My painful experience with SquaredFinancial: Under the premise of normal trading, there is no reason to restrict withdrawals! Exposing the fraudulent behavior of the forex platform with real-name evidence attached. I contacted this forex platform on July 8, 2025, registered, and deposited $500. From start to finish, everything was normal in trading and fund withdrawals. However, on July 10, 2025, when I tried to withdraw $610, the platform directly refused the withdrawal without any reason, asking me to provide: 1. Proof of no criminal record, 2. Bank-issued proof of assets, 3. A video of me holding my ID card with both sides shown, explaining whether the trades were done by me or by someone else, 4. A video of cryptocurrency deposits, including my name and the deposit amount. **No email notification**: Throughout the process of normal trading and fund withdrawals, I did not receive any emails indicating issues with my account. **Funds on hold not returned**: The withdrawal was stuck, and the next day during communication, the platform inexplicably deducted $943.84 from my account. When I contacted online customer service, they referred me to the account manager, who then redirected me to the platform's risk control department, passing the responsibility back and forth, refusing to process the withdrawal. I now publicly report SquaredFinancial for their actions!

Exposure

In a week

RahimJaffer

Unverified

United Arab Emirates

The web is normal but the number of options for deposit and withdrawal is important. It works directly with banks and seems secure.

Positive

07-06

Tan Jun Wei

Unverified

Singapore

SquaredFinancial platform's user interface is really intuitive. Everything is laid out clearly, and I can find all the tools I need without any hassle. The charts are detailed and updated quickly. Plus, the customer support is responsive and always ready to help with any issues I have.

Positive

2024-05-22

Unverified

United States

good lucky everyone

Positive

2023-01-14

Unverified

United States

thank everyone

Positive

2023-01-14

FX1028782487

Unverified

Hong Kong

I wanted to open an advanced account, pursing more competitive spreads, but it asks for a high deposit of $5,000, so I quitted. Overall, this broker’s offerings seem quite attractive, actually, I am wondering if I just open a pro account or skip this broker? How do you feel about this broker? anybody who can share his trading experience?

Neutral

2022-11-23

Ylimhs

Unverified

Peru

In my eyes, I think it's a pretty beginner friendly platform! For example, you can try the demo account first without losing real money, study the educational resources... Low leverage is worth mentioning! It is 1:30, a level regulated by many onshore regulators, low for scalpers, but safe for beginners.

Positive

2022-11-21

8
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Company Summary
Comment

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Official website

Website

squareddirect.com
52.28.250.85
Server Location
Germany
ICP registration
--
Most visited countries/areas
--
Domain Effective Date
2018-07-12
Website
WHOIS.101DOMAIN.COM
Company
101DOMAIN GRS LIMITED

Company Summary

SquaredFinancial Review Summary
Founded2005
Registered Country/RegionCyprus
RegulationCySEC, FSA (Suspicious Clone)
Market InstrumentsForex, Indices, Futures, Commodities, Stocks & ETFs and Cryptos
Demo Account
Leverage1:30
EUR/USD SpreadFrom 1.2 pips
Trading PlatformMT4, MT5 and Mobile APP
Min Deposit$0
Customer SupportTel: +1 +44 2031371393
Email: support@squareddirect.com; support@squaredfinancial.sc
X: https://twitter.com/sq_financial
Facebook: https://www.facebook.com/squaredfinancial
Instagram: https://www.instagram.com/squaredfinancial/
Physical address: 07/1 Wilson Street West End QLD 4101

SquaredFinancial is a forex and CFD broker, regulated by the Cyprus Securities and Exchange Commission (CySEC), offering over 40 currency pairs and a selection of CFDs, with three account types, leverage of up to 1:30, and the MT4, MT5 and Mobile APP platforms. Demo accounts are available and there is no minimum deposit requirement.

SquaredFinancial's homepage

Pros and Cons

ProsCons
Regulated by CySECSuspicious clone FSA license
Multiple trading choices
Demo accounts
Commission-free account offered
Flexible leverage ratios
MT4 and MT5 trading platform
No minimum deposit
Popular payment options
Comprehensive contact channels
Multilingual support

Is SquaredFinancial Legit?

SquaredFinancial holds two regulatory licenses, one of which is a Market Making license issued by the Cyprus Securities and Exchange Commission (CySEC) (license number: 606110). However, the Seychelles Financial Services Authority (FSA) regulation (license number: SD024) claimed by this broker is suspected of being a clone. Please be aware of the associated risks!

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense Number
Cyprus
Cyprus Securities and Exchange Commission (CySEC)Squared Financial (CY) LtdMarket Making (MM)606110
Regulated by CySEC
Regulatory StatusSuspicious Clone
Regulated byThe Seychelles Financial Services Authority (FSA)
Licensed InstitutionSQ Sey Ltd
Licensed TypeRetail Forex License
Licensed NumberSD024
Suspicious clone FSA license

What Can I Trade on SquaredFinancial?

SquaredFinancial offers a wide range of trading instruments: Forex, Indices, Futures, Commodities, Stocks & ETFs and Crypto.

Forex: EUR/USD, GBP/JPY, AUD/CAD, CAD/CHF, USD/JPY, EUR/AUD...

Indices: Dow Jones 30, Germany 40, Japan 225, France 40, UK100, Hong Kong 50...

Futures: FRA40, ESP35, GER40, US30, US100, US500, CC, CT, HG...

Commodities: Crude Oil, Gold, Brent Oil, Silver, Natural Gas...

Stocks & ETFs: Apple, Tesla, Microsoft, Barclays, Citigroup, Netflix, Amazon...

Cryptocurrencies: Bitcoin, Litecoin, Ripple, Cardano, Dash, Ethereum, DogeCoin...

Tradable InstrumentsSupported
Forex
Indices
Futures
Commodities
Stocks
ETFs
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on SquaredFinancial?

Account Type

SquaredFinancial offers two types of live accounts: SquaredPro and SquaredProElite. The minimum deposits for these two accounts are $0 and $500, respectively. In addition, there is a free demo account available for you to familiarize yourself with the trading market before engaging in real transactions.

Account TypeMin Deposit
SquaredPro$0
SquaredProElite$500
Account comparison

How to Open an Account on SquaredFinancial?

To open an account on SquaredFinancial, simply follow these steps:

Step 1: Fill in your personal information, such as your name, phone number, and email address.

Step 2: Submit the necessary documents for identity verification.

Step 3: Select a suitable payment method to deposit funds.

How to Open an Account on SquaredFinancial?

Leverage

SquaredFinancial offers varying levels of leverage for different trading instruments. The leverage for major currency pairs is 1:500, but for highly volatile currency pairs, stock CFDs, natural resource CFDs, metal CFDs, and cryptocurrency CFDs, SquaredFinancial provides significantly lower leverage, ranging from approximately 1:10 to 1:50. This is done to prevent users from incurring large losses all at once.

Leverage

Spread and Commission

SquaredFinancial offers customized spreads for various account types. For SquaredPro accounts, spreads begin at 1.2 pips, whereas SquaredProElite accounts feature spreads starting from 0 pips, which is highly competitive.

Regarding commissions, SquaredPro accounts are free from any charges. In contrast, SquaredElite accounts impose a commission of $5 per trading lot, structured as a recurring fee—2.5 upon opening a position and another 2.5 upon closing,which remains below the industry benchmark of $6 per lot.

Account TypeSpreadCommission
SquaredPro1.2 pips
SquaredProElite0 pips$5 per lot

Trading Platform

SquaredFinancial offers you access to MetaTrader 4, MetaTrader 5, and Mobile APP. MetaTrader has become an industry standard due to its high-tech indicators, charting tools, and other useful features. This provides you with significant freedom and flexibility to choose your preferred devices and platforms for trading.

Trading PlatformSupportedAvailable DevicesSuitable for
Mobile APPMobile/
MT4Web and MobileBeginners
MT5Web and MobileExperienced traders
Trading platforms

Deposit and Withdrawal

When making deposits and withdrawals with SquaredFinancial, you have a variety of payment methods to choose from. The primary methods include bank transfers, Visa, Mastercard, cryptocurrencies, and more. Many SquaredFinancial clients have commented on the broker's payment system as being highly convenient.

Keywords

  • 5-10 years
  • Regulated in Cyprus
  • Market Maker (MM)
  • Suspicious Scope of Business
  • Medium potential risk

User Reviews 8

All (8) Positive (5) Neutral (1) Exposure (2)
FX2007566321
Within 1 year
Exposure
**Trash "Square" Finance, get out of the mainland!!!**
Warning! My painful experience with SquaredFinancial: Under the premise of normal trading, there is no reason for restricting withdrawals! Exposing the fraudulent behavior of the forex platform with real-name disclosure! Attached with all evidence. I contacted this forex platform on July 8, 2025, registered, and deposited $500. From start to finish, everything was normal in trading and withdrawals. However, on July 10, 2025, when I tried to withdraw $610, the platform refused the withdrawal without any reason, asking me to provide: 1. Proof of no criminal record, 2. Bank-issued proof of assets, 3. A video of me holding my ID card with both sides shown, explaining whether the trades were done by me or by someone else, 4. A video of cryptocurrency deposits, including my name and the deposit amount. **No email notification**: Throughout the process of normal trading and withdrawals, I did not receive any emails indicating issues with my account. **Funds on hold not returned**: The withdrawal was stuck, and the next day during communication, the platform directly deducted $943.84 without any reason. When contacting online customer service, the platform kept redirecting me to the account manager, and the account manager redirected me to the platform's risk control, passing the buck back and forth, refusing to release the funds. I now publicly report SquaredFinancial for its actions!
In a week

Hong Kong

FX2007566321
Within 1 year
Exposure
**Trash "Square" Finance, get out of the mainland!!!**
Warning! My painful experience with SquaredFinancial: Under the premise of normal trading, there is no reason to restrict withdrawals! Exposing the fraudulent behavior of the forex platform with real-name evidence attached. I contacted this forex platform on July 8, 2025, registered, and deposited $500. From start to finish, everything was normal in trading and fund withdrawals. However, on July 10, 2025, when I tried to withdraw $610, the platform directly refused the withdrawal without any reason, asking me to provide: 1. Proof of no criminal record, 2. Bank-issued proof of assets, 3. A video of me holding my ID card with both sides shown, explaining whether the trades were done by me or by someone else, 4. A video of cryptocurrency deposits, including my name and the deposit amount. **No email notification**: Throughout the process of normal trading and fund withdrawals, I did not receive any emails indicating issues with my account. **Funds on hold not returned**: The withdrawal was stuck, and the next day during communication, the platform inexplicably deducted $943.84 from my account. When I contacted online customer service, they referred me to the account manager, who then redirected me to the platform's risk control department, passing the responsibility back and forth, refusing to process the withdrawal. I now publicly report SquaredFinancial for their actions!
In a week

Hong Kong

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