Is Squared Financial a Scam? Regulation Check 2026
We checked Squared Financial's licence in the official FSA register. Here is what the public records say.
Verdict
Squared Financial is NOT a scam. It holds FSA licence SD039, authorising it to offer trading services in Pakistan.
How to verify on the official register
| Regulator | FSA FSA Seychelles Financial Services Authority (FSA) |
| Licence Number | SD039 |
| Regulated Entity | SquaredFinancial Ltd (SC) |
| Founded | 2005 |
What FSA regulation means
FSA-regulated brokers must keep client funds in segregated accounts, provide negative balance protection, and submit to independent audits. Clients can file complaints with FSA directly.
What FSA regulation means for your money
- Client funds held in segregated bank accounts, separate from Squared Financial's own capital
- Negative balance protection — you cannot lose more than your deposit
- Right to file complaints directly with FSA if Squared Financial fails to resolve your issue
- Squared Financial submits to regular independent financial audits under FSA oversight
Frequently Asked Questions
Is Squared Financial a scam or legitimate?
Squared Financial is NOT a scam. It holds FSA licence number SD039. FSA is one of the world's most respected financial regulators. The licence is publicly verifiable in the FSA official register.
How do I check Squared Financial's FSA licence?
Go to the official FSA website and use the public register search. Search for licence number SD039 or the entity name. The record will confirm Squared Financial's authorisation status and the scope of its permissions.
Are my funds safe with Squared Financial?
As an FSA-regulated broker, Squared Financial must keep all client funds in segregated bank accounts, completely separate from company funds. This protects your deposits even if Squared Financial encounters financial difficulties.
What protection do I have as a Squared Financial client in Pakistan?
In Pakistan, Squared Financial operates under FSA supervision. You are entitled to: segregated client funds, negative balance protection (you cannot lose more than you deposit), and the right to file complaints directly with FSA.
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