Squared Financial Review 2026
Regulated broker with real licence numbers.
Squared Financial is a regulated CFD broker founded in 2005. It holds a CySEC licence under number 329/17.
The basics
Squared Financial was founded in 2005 and is headquartered in Limassol, Cyprus. It is privately owned. The broker offers CFDs on 500 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
MetaTrader is available on all account types. Copy trading is not offered.
| Founded | 2005 |
| Headquarters | Limassol, Cyprus |
| Instruments | 500+ |
| Platforms | MT4, MT5, TradingView |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | No |
| Real stocks | No — CFDs only |
Is Squared Financial safe?
CySEC-regulated brokers must keep client funds segregated, provide negative balance protection under ESMA rules, and contribute to the Investor Compensation Fund (ICF), which covers up to €20,000 per client.
| Regulator | Licence | Entity |
|---|---|---|
| CySEC | 329/17 ✓ | SquaredFinancial Ltd |
| FSA | SD039 ✓ | SquaredFinancial Ltd (SC) |
You can verify the CySEC licence at www.cysec.gov.cy. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
Squared Financial spreads
These are the typical spreads on Squared Financial's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | 0.8 pips pips |
| GBP/USD | 1.1 pips pips |
| USD/JPY | 0.9 pips pips |
| Gold (XAU/USD) | 23c/oz |
| S&P 500 | 0.5pt |
Squared Financial's EUR/USD spread of 0.8 pips pips is competitive for a retail broker without a per-trade commission.
Squared Financial withdrawal fee and processing time
Fee: None. Squared Financial does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
Squared Financial minimum deposit by entity
The minimum deposit depends on which Squared Financial entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| SquaredFinancial Ltd | CySEC 329/17 | $25 | 1:30 |
| SquaredFinancial Ltd (SC) | FSA SD039 | $25 | 1:500 |
Squared Financial vs eToro
| Squared Financial | eToro | |
|---|---|---|
| Primary regulator | CySEC 329/17 | FCA 583263 |
| Min deposit | $25 | $50 |
| EUR/USD spread | 0.8 pips pips | 1.0 pips |
| MetaTrader | Yes | No |
| Instruments | 500+ | 3,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | $5 per withdrawal |
Both brokers are regulated and legitimate. Squared Financial suits traders who value MetaTrader and algorithmic trading. eToro is better for traders who prioritise its specific regulated entity coverage.
Regulation — the numbers that matter
| CySEC | 329/17 — SquaredFinancial Ltd |
| FSA | SD039 — SquaredFinancial Ltd (SC) |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules. The offshore entity offers up to 1:500, but with lighter regulatory protection.
Pros and Cons
What works
- CySEC regulated — SquaredFinancial Ltd
- Low minimum deposit ($25)
- MetaTrader 4 and 5 available
- No inactivity fee
What does not work
- No copy trading
- No real stock ownership — CFDs only
- High leverage only via offshore entity
The verdict
Squared Financial is a legitimate, regulated broker. The CySEC licence number 329/17 is verifiable on the public register. It is best suited for traders who want MetaTrader on a regulated platform. Rating: 4.0 out of 5.
Alternatives to Squared Financial
If Squared Financial does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is Squared Financial safe?
CySEC-regulated brokers must keep client funds segregated, provide negative balance protection under ESMA rules, and contribute to the Investor Compensation Fund (ICF), which covers up to €20,000 per client. Squared Financial holds CySEC licence 329/17, which is publicly verifiable on the official register.
What is the Squared Financial minimum deposit?
The minimum deposit is $25. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the Squared Financial EUR/USD spread?
The EUR/USD spread on Squared Financial standard accounts is typically 0.8 pips pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does Squared Financial take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does Squared Financial charge withdrawal fees?
None. Squared Financial does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does Squared Financial have MetaTrader?
Yes. Squared Financial supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.