Regulators
CySEC, FSA Seychelles
Min. deposit
$250
Spread from
0.0 pips (ECN)
Max. leverage
1:30 (EU) / 1:500
Platforms
MT4, MT5
Founded
2005 · Limassol, Cyprus
SquaredFinancial review summary
SquaredFinancial is a forex and CFD broker founded in 2005 and headquartered in Limassol, Cyprus, regulated in the EU by the Cyprus Securities and Exchange Commission (CySEC) with an additional offshore entity under the FSA Seychelles. With roots going back nearly two decades, SquaredFinancial is one of the longer-established Cyprus-based brokers and frames itself around technology-driven, ECN-style execution rather than dealing-desk pricing.
The core SquaredFinancial appeal is its combination of a genuine track record and ECN pricing from 0.0 pips across a broad multi-asset CFD range — forex, indices, commodities, metals, and share CFDs on MT4 and MT5. The trade-off is a relatively high $250 minimum deposit, which sits above budget-friendly rivals. This SquaredFinancial review positions it as a steady, regulated option for traders who value longevity and raw spreads over the lowest possible entry point.
SquaredFinancial account types
| Account | Min. deposit | Spreads | Commission | Best for |
|---|
| Standard | $250 | From ~1.2 pips | None | Discretionary traders |
| ECN / Raw | $250+ | From 0.0 pips | ~$3.5/lot/side | Scalpers & active traders |
| Islamic (swap-free) | $250 | As above | As above | Traders needing swap-free accounts |
Account tier names and commission steps vary by entity — confirm current SquaredFinancial spreads and the minimum deposit for your region before funding.
Regulation & safety
SquaredFinancial operates a multi-entity structure. Its EU arm is regulated by CySEC, which enforces segregated client funds, negative balance protection for retail clients, and the EU-wide 1:30 retail leverage cap, with Investor Compensation Fund coverage up to €20,000 for eligible claims. Its FSA Seychelles entity serves international clients with leverage up to 1:500 but the reduced recourse that comes with offshore regulation. The safeguards and maximum leverage you receive depend on which SquaredFinancial entity onboards you — always verify the applicable licence on the CySEC public register or the FSA Seychelles list before depositing.
Who SquaredFinancial is best for
- Experienced traders who value an established (since 2005) CySEC-regulated broker
- ECN traders wanting raw spreads from 0.0 pips across multiple asset classes
- Multi-asset traders spanning FX, indices, commodities, and share CFDs
- International clients who want the option of higher 1:500 leverage offshore
Who should look elsewhere
- Budget-conscious beginners put off by the $250 minimum should compare Exness or XM
- Scalpers chasing the tightest pricing and deepest liquidity may prefer Pepperstone
- Traders wanting TradingView and modern tooling are better served by Pepperstone
Bottom line
SquaredFinancial scores 3.5/5. Its long operating history, CySEC regulation, and ECN spreads from 0.0 pips make it a dependable choice for traders who prioritise a proven, multi-asset broker. The higher $250 minimum deposit and modest brand profile count against it for newcomers, but for established ECN traders SquaredFinancial is a solid, well-regulated option.
SquaredFinancial — Frequently Asked Questions
Is SquaredFinancial regulated and safe?
SquaredFinancial is regulated by CySEC, FSA Seychelles, holds client funds in segregated accounts and operates under active financial-services licenses. Verify each license number on the regulator's official website before depositing.
Is SquaredFinancial legit or a scam?
SquaredFinancial is a legitimate, regulated broker — not a scam. It operates under oversight from CySEC, FSA Seychelles, which require segregated client funds and regular audits. Always confirm the specific entity and license that will hold your account, and avoid clone sites using a similar name.
What is the minimum deposit at SquaredFinancial?
The minimum deposit at SquaredFinancial is $250. Standard accounts accept this minimum; premium or professional tiers may require more.
How do I withdraw money from SquaredFinancial?
Withdrawals from SquaredFinancial are returned to your original funding method — card, bank transfer, e-wallet or crypto, depending on how you deposited. E-wallets and crypto are usually fastest; bank transfers take longest. Processing times and limits are set by SquaredFinancial, so check its funding page for current details.
What fees and commissions does SquaredFinancial charge?
SquaredFinancial's main cost is the spread, starting from 0.0 pips (ECN). Raw/ECN accounts add a per-lot commission in exchange for a tighter spread. Also factor in overnight swap fees and any inactivity fee. Compare the all-in cost (spread + commission), not just the headline spread.
What are the typical spreads at SquaredFinancial?
Spreads at SquaredFinancial start from 0.0 pips (ECN), varying by account type, instrument, time of day and market volatility. Raw/ECN accounts add a commission on top of the tighter spread.
What account types does SquaredFinancial offer?
SquaredFinancial typically offers a standard (commission-free, slightly wider spread) account and a raw/ECN (tight spread plus commission) account, with a swap-free Islamic option where available. The minimum to open is $250, and platforms include MT4, MT5.
What trading platforms does SquaredFinancial offer?
SquaredFinancial supports: MT4, MT5. MT4/MT5 are the industry standards; cTrader suits ECN execution; proprietary platforms add broker-specific tools but less third-party compatibility.
What is the maximum leverage at SquaredFinancial?
Maximum leverage at SquaredFinancial is 1:30 (EU) / 1:500. EU/UK retail clients are capped at 1:30 on major FX by ESMA rules regardless of broker policy; professional and offshore-entity clients can access higher leverage subject to qualification.
Does SquaredFinancial offer a demo account?
Yes — SquaredFinancial offers a free demo account with virtual funds, so you can test the platform and practise a strategy on live prices before depositing real money.
Who is SquaredFinancial best suited for?
Traders wanting an established, long-running CySEC ECN broker with a broad multi-asset CFD range.
