Squared Financial Review 2026
Full Squared Financial review for South Africa traders — regulation, spreads, fees and our honest verdict.
Regulation in South Africa
| Regulator | FSA FSA — Seychelles Financial Services Authority (FSA) |
| Licence Number | SD039 |
| Regulated Entity | SquaredFinancial Ltd (SC) |
| Max Leverage (Forex) | 1:500 |
| Minimum Deposit | $25 |
| EUR/USD Spread | From 0.8 pips |
| Instruments | 500+ |
| Platforms | MT4, MT5, TradingView |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
Regulated by FSA (licence SD039). Minimum deposit $25. In South Africa: maximum forex leverage 1:500.
About Squared Financial
Squared Financial was founded in 2005 and is headquartered in Limassol, Cyprus. The broker offers 500 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by SquaredFinancial Ltd (SC) under FSA.
In South Africa, Squared Financial operates as SquaredFinancial Ltd (SC), authorised by FSA under licence number SD039. South Africa traders are subject to a maximum leverage of 1:500 on forex pairs under FSA rules.
Trading Platforms
Pros
- FSA regulated — licence SD039
- 500+ instruments to trade
- Negative balance protection in South Africa
- Platforms: MT4, MT5, TradingView
Cons
- No inactivity fee
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Frequently Asked Questions
Is Squared Financial regulated?
Squared Financial holds FSA licence SD039, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official FSA public register.
What is the minimum deposit for Squared Financial in South Africa?
The minimum deposit is $25. This is the amount required to open a live trading account for traders in South Africa under FSA regulation.
What leverage does Squared Financial offer in South Africa?
In South Africa, Squared Financial offers maximum forex leverage of 1:500 under FSA rules. Higher leverage may be available through offshore-regulated entities.
Is Squared Financial safe to trade with?
Squared Financial is regulated by FSA, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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