Overview of Squared Financial 2020

Squared Financial Ltd is an Irish broker, known since 2005, has offline offices both in Cyprus and Seychelles. The main areas of the broker are: trading currency pairs and CFDs. The broker is the brainchild of SquaredFinancial (CY) Limited.

Because the company’s offices are located in Cyprus and the Seychelles, the control is carried out by the regulators of these jurisdictions: CySEC for Cyprus and the FSA. It will be important for clients that the company is a member of the Compensation Fund, which means that in the event of difficulties with the payment of profits or the liquidation of the company, the trader will be reimbursed money.

Platforms

The company operates two platforms of the Metatrader line.

MT4 is the most famous platform, beginners will appreciate its saturation with trading tools, at the same time, it’s very easy to understand the functionality. Using the web version does not overload your computer or screen. Compatible with all MaciOS and Windows devices.

The MT5 platform is designed for more experienced traders with a richer set of tools. Among them: technical indicators, at least 80, timeframes of about 20, and there is an opportunity to choose the necessary tools for self-trading. In this application, you can use one of the many signals to open a deal. If you have experience with MT4, then MT5 is easy to understand.

This application can be downloaded without any payment from the company’s website.

Assets

Among the major assets of the company: currency pairs – about 50, as well as CFD contracts on stocks, indices, commodities and raw materials.

Trading CFDs is beneficial because you can make money on the price difference without buying any commodities. Indices or precious metals are excellent for long-term trading.

Spreads and Commissions

Commissions are not charged by default on all accounts. For example, GOLD account holders do not pay any commission, Platinum accounts have a $6 commission, and Diamond accounts pay $25 for every million.

For Gold accounts the spreads are very high, for instance 11 points for euro/dollar pair, but for Platinum and Diamond accounts the spreads will be equal to zero for the same pair. For the main currency pairs at the last tariffs, the spreads usually do not exceed one point.

The Company does not charge for the account downtime.

Leverage

For retail clients the leverage is the same and amounts to 1:30, and for professional market participants, from 1:100 (Gold and Platinum accounts) to 1:500 (Diamond account).

Mobile application

Absolutely all the company’s clients, regardless of the trading account type, have an opportunity to use the free application from Metatrader company.

Payment methods

Withdrawal of funds and depositing to the account can be made by means of the following payment methods:

Bank card of international payment system

Bank wire transfer to company current account

Union Pay system

Neteller, Skrill, Alipay services

Bank wire transfer takes up to three days, all other methods take up to an hour.

Demo account

The company understands that before making an investment, a client wants to test the platform, get acquainted with the different instruments and test their strategies. To do this, we offer a demo account with a virtual balance – 50,000, the conditions have been created for you as close as possible to the real ones.

Bonus programs and promotions

At the moment there are no active offers, but, it is necessary to follow the information on the official page of the broker.

Additional opportunities

Each new client is recommended to get acquainted with the fuckin’ tutorials at the center created by the company – SquaredAcademy – before working. The information will also be useful for brokers who have some experience in the stock market. The materials consist of video tutorials, articles, and advice from analysts and traders. There is also a section with frequently asked questions and answers.

A team of specialists provides daily analytical materials with their comments, and you won’t miss any important market event thanks to a convenient economic calendar.

Trade Calculators is a solution for creating and implementing your own trading algorithms and programming trading instructions.

Description of trading account types:

Gold – the commission is at zero level, spreads start from 1.2, the necessary amount for beginning of work – $100, leverage 1:100 (for professionals), there is an option of protection against negative balance.

Platinum – $6 commission, spreads from zero, $500 needed to start, leverage 1:100 (for professionals)

Diamond – the commission of 25 American dollars for each million dollars, the spreads start from zero on some assets, the financial leverage 1:500. But the minimum deposit is very big for the financial market – 20000 USD.

Customer Service

Squared Financial cares about its clients, so it offers any convenient way to contact the customer service team. For example you can ask your questions via FB, chat window, email or hotline number +357 25260333.

Security

The company offers encryption during transmission of personal data, privacy when storing personal information. Also, each method of payment is protected to the maximum, using the most modern technology in the field of security. Documents confirming the right of the broker to provide services are publicly available on the company’s website.

Conclusion

Squared Financial is a licensed broker with several controlling regulators. Security of client data and funds is good, and the MT4 platform is full of tools for fast trading and market analysis.