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/10
The WikiFX Score of this broker is reduced because of too many complaints!

SQUAREDFINANCIAL

Seychelles | 10-15 years | Environment A |
ECN Account Regulated in Cyprus | Market Maker (MM) | MT4 Full License | Global Business | High potential risk | Offshore Regulated

https://www.sqfin.sc/

Website

Rating Index

Environment

Environment

A

Average transaction speed (ms)

515.2

MT4/5

Full License

SquaredFinancialSC-Demo

United Kingdom
MT4
34

Influence

C

Influence index NO.1

Vietnam 4.43
The WikiFX Score of this broker is reduced because of too many complaints!

Environment

Speed:B

Slippage:AA

Cost:AA

Disconnected:B

Rollover:C

MT4/5 Identification

MT4/5 Identification

Full License

34
Server Name
SquaredFinancialSC-Demo MT4
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

Vietnam 4.43
Surpassed 70.60% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+248 4671943
support@sqfin.com
https://www.sqfin.sc/
Commercial House 1, Office no 4, Eden Island, Mahe, Seychelles
VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-09-10
  • WikiFX has received a total of 16 user complaints against this broker, please be aware of the risks and do not be scammed!
2

Basic Information

Registered Region
Seychelles
Operating Period
10-15 years
Company Name
SQ Sey Ltd
Abbreviation
SQUAREDFINANCIAL
Company employee
--
Customer Service Email Address
support@sqfin.com
Contact Number
+2484671943
Company Website
Company address
Commercial House 1, Office no 4, Eden Island, Mahe, Seychelles

Dorne690

Unverified

United States

To my surprise, on Friday, August 15th, after making my fourth withdrawal, I attempted to make a 1-lot transaction as usual but failed. At first, I thought it might be an IMR limitation of Squaridfinance, so I tried 0.5 hands, but it was also rejected. I thought maybe this was just a quirk of Squared Finance Friday, so I calmed down. But on Monday, the same problem reappeared! I couldn't even execute 0.4 hands, which ultimately resulted in a loss of funds for me. I feel really sorry

Exposure

08-27

Kavra

Unverified

Nigeria

They are not letting me withdraw the rest been trying and getting denied for an hour😭

Exposure

08-27

xtradingx

Unverified

Turkey

The company called Squared has seized my money and is not paying me. I started trading on Tuesday-Wednesday and I was at a loss on the gold chart and I was making a loss, then there was no problem, then I was always at a loss until Friday, and on Friday at 15:30 or 16:30 there was US data, I was not aware of it, and suddenly there was a profit on the screen, so I closed the transactions, and then they accused me of situations that I did not understand nonsense, cut off communication and confiscated my money. They do not help in any way, they are officially scammers! If this situation continues, my complaints to the relevant licenses and meta system will continue non-stop

Exposure

2024-04-26

Awad_A

Unverified

United Arab Emirates

I cannot explain my irritation with random no name brokers asking for 1k+ deposits right from the get go. There is no way I would deposit that. But somehow this broker... doesn't have any?? Maybe it's because of their huge scale, that they are able to sustain this, but regardless, I appreciate the move. Tired it out and feeling confident to make this my main broker now

Positive

In a week

Khalid_AlSaidi

Unverified

Saudi Arabia

They needed two days to fulfill my request, so I waited until Monday. Other than that, the dictionary and some instructions are available in Arabic...

Neutral

08-22

Luis3350

Unverified

Mexico

they are great at trading, but whenever I travel, half the time this shows up. They dont allow even to visit their website, and how am I supposed to enter my credentials for them to recognize that its me?? Support helped a bit, they were nice to talk to ..., but still have to use VPN when I'm out of the country lol. This really turns out to be the easiest and fastest way.

Positive

08-11

AlejandroVargas

Unverified

Mexico

I like how easy it izz to withdraw! i'd appreacaite more methods tho🤨

Positive

07-22

RahimJaffer

Unverified

United Arab Emirates

The web is ordinary but the number of deposit and withdrawal options is important. It works directly with my bank and seems secure.

Positive

07-06

FX9095138112

Unverified

Qatar

They have an Islamic account. It's great that companies care about traders and allow Muslims to trade within their faith. However, they have listed the tools they offer without swaps, and they are not many. I can even count them, they only have 18 tools. Better than nothing, but they can increase them later.

Neutral

06-19

AaqilShah

Unverified

Saudi Arabia

At first, I said it was too expensive to charge both spreads and commissions. But, in actual trading, I didn’t feel that this affected my trading much. Fees are manageable,Stable and peaceful cost。

Neutral

06-12

SalemM

Unverified

United Arab Emirates

I think Sqfin has more base currencies available then some brokers have tradable assets... I tired using ZAR but quickly switched back to dollars, don't really see much benefit in that No minimum depo, however, is something I wasn't expecting at all from a broker with such a professional online presence. I''m not compaining btw, just saying that it's very unusual🤔

Positive

05-22

Rafael Garcia

Unverified

Mexico

I am usually on the move but the app is always with me on my phone and it makes it comfy for trading anythign from anywhere :)

Positive

05-08

RaulMedina

Unverified

Mexico

I chose this one since conditions are much better than on a pro account. However, I think the minimum deposit of 500$ is too much, they could reduce it to 250$.

Neutral

04-16

Tan Jun Wei

Unverified

Singapore

SquaredFinancial platform's user interface is really intuitive. Everything is laid out clearly, and I can find all the tools I need without any hassle. The charts are detailed and updated quickly. Plus, the customer support is responsive and always ready to help with any issues I have.

Positive

2024-05-22

FX9602513612

Unverified

Kazakhstan

There is a problem with my llan account at this institution. I can neither log in properly nor withdraw money regularly. Someone please help us, we are suffering from this situation now.

Exposure

2024-03-20

FX9602513612

Unverified

Kazakhstan

I had investments in Squared Financial, but I could not withdraw them. I have money left inside, and I'm not even sure if my account is still valid or not. In short, my money was spent. That's why I wanted to disclose these so that others don't get burned. If you don't work properly, what are you doing to distract people, buddy?

Exposure

2024-03-19

SB7344

Unverified

Turkey

I am the owner of account number 125558 at Squar ed Financial. I invested 2731.81 dollars in the compa ny on 01.03.2024. Then I started trading and my tra ding style was quite normal. By the end of my third day of trading, I had made a total profit of $3304. 0 n 08.01.2024, I requested a withdrawal of 3000 doll ars. On 09.01.2024, a total of 3304 USD profit was deleted from my account due to trading abuse and I was notified that I had to withdraw my principal mo ney. I absolutely deny this. Trading in my acce IS completely consistent with normal market. ts. These are attached with proof.

Exposure

2024-01-14

Arshad3622

Unverified

United Arab Emirates

They deleted my profit which I made doing trade on their platform, I sent them email also regarding this profit deletion, but they just ignore my emails. stay away from this broker.

Exposure

2024-01-12

xtradingx

Unverified

Turkey

Hello, I was making a transaction with a company called Squared, and then they sent me an irrelevant e-mail and deleted my money. They unfairly canceled my entire profit portion by giving a ridiculous reason and mentioning prohibited transactions. And I do not accept this. There was important data in America on 05.01.2024 and I made a profit in this way, then I continued my transactions, but they did the deletion on 09.01.2024, I want the necessary action to be taken, I am experiencing unfair victimization...

Exposure

2024-01-10

SB7344

Unverified

Turkey

I am the owner of account number 125558 at Squared Financial. I invested 2731.81 dollars in the company on 01.03.2024. Then I started trading and my trading style was quite normal. By the end of my third day of trading, I had made a total profit of $3304. On 08.01.2024, I requested a withdrawal of 3000 dollars. On 09.01.2024, a total of 3304 USD profit was deleted from my account due to trading abuse and I was notified that I had to withdraw my principal money. I absolutely deny this. Trading in my account is completely consistent with normal market movements. These are attached with proof. Please help me. I have a complaint about this company!!

Exposure

2024-01-09

36
Account
Related Software
Environment
Marketing Strategy
Biz Area
Website
Genealogy
Company Summary
News
Wiki Q&A
Comment
MT4/5
Full License MT4
Full License MT5
2
MT4 Servers
5
MT5 Servers
151.94
velocityIcon
Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 4
Perfect
Meta Trader 5
Perfect
Meta Trader 5
Perfect

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Environment

Average transaction speed(ms)
515.2
The highest transaction speed(ms)
234
The highest speed of opening positions(ms)
245
The highest speed of closing position(ms)
234
The lowest speed of opening positions(ms)
1999 Poor
The lowest speed of closing position(ms)
1939
10.18USD/Lot Great
15.9USD/Lot Perfect
Long: -11.5USD/Lot    Short: 3.84USD/Lot Poor
Long: -56.32USD/Lot    Short: 28.17USD/Lot Poor
Average slippage
-0.5 Great
Maximum transaction slippage
20
Maximum positive slippage
3 Poor
Maximum negative slippage
20 Good
Average disconnection frequency (times/day)
0.8 Great
Average reconnection time (millisecond/per request)
84.1
Ranking: 74 / 125
Test user 285
Orders 54,894
Ocuppied margin $1,525,939 USD
Data Source
WikiFX Data provide
Updated: 2025-09-09 01:00:00
Sources
Language
Mkt. Analysis
Creatives

Website

squareddirect.com
18.185.4.219
sqfinfx.com
8.222.142.8
sqfin.sc
54.192.18.26
portal-sq.io
43.198.253.235
portal-sq.com
13.32.50.71
sq-portal.io
13.32.50.32
View More

Company Summary

SQUAREDFINANCIAL Review Summary
Founded2022
Registered Country/RegionCyprus
RegulationCYSEC, AMF, FSA, CNMV
Market InstrumentsForex, Metals, Indices, Energy, Stocks, Futures, Cryptocurrencies
Demo Account
Islamic Account
LeverageUp to 1:500
SpreadFrom 0 pips
Trading PlatformMobile App, MT4, MT5
Min Deposit$50
Customer Support24/5 support
Contact form
Tel: 002484671943
Enail: support@sqfin.com, complaints@sqfin.com
Company Address: Commercial House 1, Office no 4, Eden Island, Mahe, Seychelles
Regional RestrictionsUK, USA, Canada, Australia, New Zealand, Iran, North Korea, and Myanmar (Burma)

Founded in 2022, SQUAREDFINANCIAL is a regulated broker registered inCyprus, offering trading in Forex, Metals, Indices, Energy, Stocks, Futures, and Cryptocurrencies with leverage up to 1:500 and spread from 0 pips through Mobile App, MT4, and MT5 platfforms. Demo accounts are available and the minimum deposit to open a live account is just $50.

SquaredFinancial's homepage

Pros and Cons

ProsCons
Regulated by CYSEC, AMF, FSA, CNMVNot accept e-wallet payments
Various market offeringsNo live chat support
Demo accounts availableRegional restrictions
Commission-free account offered
MT4 and MT5 supported
Low minimum deposit

Is SQUAREDFINANCIAL Legit?

SquaredFinancial complies with the guidelines established by several important regulatory bodies:

Cyprus Securities and Exchange Commission (CySEC): SquaredFinancial is regulated under license number 329/17.

Autorité des Marchés Financiers (AMF): In France, SquaredFinancial operates under license number 71593.

Seychelles Financial Services Authority (FSA): For its offshore operations, SquaredFinancial is regulated under license number SD024.

Comisión Nacional del Mercado de Valores (CNMV): In Spain, the firm is regulated under license number 4421.

Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense Number
Cyprus
Cyprus Securities and Exchange Commission (CySEC)RegulatedSquared Financial (CY) LtdMarket Making (MM)329/17
France
The Autorité des Marchés Financiers (AMF)RegulatedSquared Financial (CY) LtdRetail Forex License71593
Seychelles
The Seychelles Financial Services Authority (FSA)Offshore RegulatedSquared Financial (CY) LtdRetail Forex LicenseSD024
Spain
Comisión Nacional del Mercado de valores (CNMV)RegulatedSquared Financial (CY) LtdRetail Forex License4421
Regulated by CySEC
Regulated by AMF
Offshore regulated by FSA
Regulated by CNMV

What Can I Trade on SQUAREDFINANCIAL?

SqaredFinancial offers over 10,000 financial instruments across 7 asset classes, Forex, Metals, Indices, Energy, Stocks, Futures, and Cryptocurrencies.

Trading AssetAvailable
forex
metals
indices
energy
stocks
futures
cryptocurrencies
bonds
options
ETFs
What Can I Trade on SQUAREDFINANCIAL?

Account Type/Fees

Squared Financial offers two typesof live accounts with varying trading costs.

Account TypeSquared ProSquared Elite
Accepted CurrenciesEUR, USD, GBP, CHF
Max Leverage1:500
Avg EUR/USD SpreadFrom 1.6 pipsFrom 0.0 pips
Commission$7 per lot

Additionally, this platform offers Islamic (swap-free) accounts that have exactly the same trading terms and conditions as our regular trading account types.

Account comparison

Leverage

Squared Financial offers leverage up to 1:500 for both account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

Squared Financial offers a variety of trading platforms including the popular MetaTrader 4 and MetaTrader 5 platforms as well as their own SquaredFinancial Mobile App.

Trading PlatformSupported Available Devices Suitable for
Mobile AppMobile/
MT4Desktop, Mobile, WebBeginners
MT5Desktop, Mobile, WebExperienced traders

Deposit and Withdrawal

Squared Financial accepts deposits and withdrawals via Bank Transfer, Visa, MasterCard, cryptocurrencies, Insta Transfer, etc.

Payment methods

Keywords

  • 10-15 years
  • Regulated in Cyprus
  • Regulated in Seychelles
  • Market Maker (MM)
  • Retail Forex License
  • MT4 Full License
  • MT5 Full License
  • Self-developed
  • Global Business
  • High potential risk
  • Offshore Regulated

News

SquaredFinancial offers Trump & Melania meme coins

News SquaredFinancial offers Trump & Melania meme coins

SquaredFinancial announced the addition of the new Trump and Melania meme coins to its crypto offerings. This gives investors more opportunities to access popular markets and diversify their trading options.

2025-01-29 13:59

SQUARED FINANCIAL: Your Friend or Foe?

News SQUARED FINANCIAL: Your Friend or Foe?

Founded in 2022, SQUAREDFINANCIAL is a regulated broker registered in Cyprus, offering to trade in Forex, Metals, Indices, Energy, Stocks, Futures, and Cryptocurrencies with leverage up to 1:500 and spread from 0 pips through Mobile App, MT4, and MT5 platforms. Demo accounts are available and the minimum deposit to open a live account is just $50.

2025-01-08 14:41

Be a part of SquaredFinancial Live Talk show on US Election

News Be a part of SquaredFinancial Live Talk show on US Election

The renowned broker, SquaredFinancial is hosting an exclusive pre-election conversation on October 30 with recognized expert analysts Noureldeen Al Hammoury and Dominique El Khoury.

2024-10-29 18:59

SquaredFinancial Reveals its Brand Makeover

News SquaredFinancial Reveals its Brand Makeover

SquaredFinancial, a leading financial services provider, recently unveiled its new brand identity in a bid to enhance its market presence. According to the broker, While preserving the essence and carrying the legacy of the old logo, the new visual identity, showcased below, highlights a progressive, dynamic, and modern feel, and embodies SquaredFinancial’s renewed sense of energy and optimism.

2024-07-31 14:15

SquaredFinancial Unveils its Social Trading feature on MT4

News SquaredFinancial Unveils its Social Trading feature on MT4

SquaredFinancial announced a new Social Trading tool for the MetaTrader 4 (MT4) platform, increasing its trading capabilities.

2024-06-27 17:49

The Investor lost both principal and profit because of a broker named Squared Financial

Exposure The Investor lost both principal and profit because of a broker named Squared Financial

One unfortunate investor, Sinan, hailing from Turkey, recently found himself in a distressing situation with Squared Financial, a brokerage platform. Sinan shared his harrowing experience with WikiFX, shedding light on how he lost both his principal and hard-earned profit due to what he claims is commercial misconduct by Squared Financial.

2024-01-17 16:56

View More

Wiki Q&A

maseko
Within 1 year

Can I open a demo account with SQUAREDFINANCIAL?

WikiFX Reply
Yes, SQUAREDFINANCIAL offers demo accounts, which is great for me as I can practice without risking real money. It’s an essential tool for beginners like me to get used to the platform and test strategies. After logging into my SQUAREDFINANCIAL account, I can easily switch to a demo account to hone my skills before moving to a live account.
Broker Issues
SQUAREDFINANCIAL
Platform
Account
Leverage
Instruments
07-27
United States
Davis Wu
Within 1 year

Can I trust SQUAREDFINANCIAL with my funds?

WikiFX Reply
SQUAREDFINANCIAL’s regulation by multiple authorities, including CYSEC and AMF, reassures me that the platform follows industry standards. I trust that my funds are in safe hands due to the supervision from these regulatory bodies. However, I always keep the offshore FSA regulation in mind when trading. It’s important to balance my trust with caution, especially after reading several SQUAREDFINANCIAL reviews.
Broker Issues
SQUAREDFINANCIAL
Regulation
07-07
United States
Karoline Hardy
Within 1 year

What are the cons of using SQUAREDFINANCIAL?

WikiFX Reply
One downside I’ve noticed in my SQUAREDFINANCIAL review is the lack of e-wallet support for deposits and withdrawals, which is something I personally prefer for faster transactions. Another con is the regional restrictions, which prevent traders from several countries, including the USA and the UK, from accessing the platform. I’ve also seen in SQUAREDFINANCIAL reviews that some users are not happy with the inactivity fees, so I make sure to stay active in my trading.
Broker Issues
SQUAREDFINANCIAL
Regulation
06-09
United States
Sanford
Within 1 year

Is SQUAREDFINANCIAL regulated?

WikiFX Reply
Yes, SQUAREDFINANCIAL is regulated by CYSEC, AMF, FSA, and CNMV. For me, this gives me confidence that the platform operates under proper regulations, ensuring that my funds are secure. After completing the SQUAREDFINANCIAL login, I can easily check the regulatory details on their platform, which adds transparency and trust. However, I do consider the FSA’s offshore regulation, which can present some additional risks, so I stay cautious.
Broker Issues
SQUAREDFINANCIAL
Regulation
05-06
United States
View More

User Reviews 36

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