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 IC Markets
- 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.