Website: www.squaredfinancial.com
Minimum Deposit: $250
Maximum Leverage: 1:30 (EU) | 1:500 (International)
Trading Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), Mobile App
Regulators: CySEC (Cyprus), FSA (Seychelles)
Headquarters: Cyprus
Founded: 2005

Overview

SquaredFinancial, formerly SquaredDirect and ProbusFX, is a multi-regulated forex and CFD broker that caters to traders across the globe. The firm offers access to over 10,000 financial instruments including forex, indices, metals, energies, stocks, ETFs, futures, and cryptocurrencies via MT4, MT5, and its own mobile trading app. It operates under the regulation of CySEC (EU) and FSA (Seychelles), providing both retail and professional clients with flexible and secure trading conditions.

Pros and Cons

Pros:

• Regulated by CySEC and FSA
• Supports both MT4 and MT5 platforms
• Tight spreads starting from 0.0 pips
• No deposit or withdrawal fees
• Over 10,000 tradable instruments
• Swap-free Islamic accounts available

Cons:

• No 24/7 customer support
• Offshore entity might raise concerns for risk-averse traders
• High minimum deposit for Elite account

Is SquaredFinancial Safe?

Yes, SquaredFinancial is considered safe and legitimate. It holds a license from the Cyprus Securities and Exchange Commission (CySEC) under license number 329/17, and an international license from the FSA in Seychelles (SD024). The broker also provides negative balance protection and segregated accounts to protect client funds.

Account Types

• SquaredPro: Spread-based, commission-free trading. Min. deposit: $250
• SquaredElite: Raw spreads from 0.0 pips + $5 commission per lot. Min. deposit: €5,000
• Islamic Accounts: Available for both types
• Demo Accounts: Free, ideal for beginner practice

Leverage

• EU clients (CySEC): Max 1:30 for major forex pairs
• International clients (FSA): Up to 1:500
  Note: High leverage can increase both potential profits and losses. Always trade responsibly.

Trading Instruments

• Forex: 60+ major, minor & exotic currency pairs
• CFDs: Energies, metals, indices, futures
• Stocks: Global shares including tech giants
• ETFs & Crypto: For international clients only

Fees & Spreads

• SquaredPro: Avg. spread on EUR/USD = 1.1 pips
• SquaredElite: Raw spreads from 0.0 pips + $5 commission
• No deposit or withdrawal fees
• Inactivity fee may apply after prolonged account dormancy

Deposits & Withdrawals

• Min. Deposit: $250 (Pro), €5,000 (Elite)
• Methods: Bank transfer, Credit/Debit Cards, e-wallets
• Processing Time: 1–3 business days
• Currencies Supported: USD, EUR, GBP, CHF

Trading Platforms

• MetaTrader 4 (MT4): Ideal for beginner and intermediate traders
• MetaTrader 5 (MT5): Advanced charting, multiple asset classes
• Mobile App: SquaredFinancial’s own platform for iOS & Android
• Features: Expert Advisors (EAs), automated trading, copy trading, real-time news

Education & Research

• Market news and updates
• Educational videos and articles
• Webinars (limited)
• Economic calendar

Customer Support

• Availability: 24/5 via phone, email, and live chat
• Languages: English and others
• Rating: 4.2/5 – Responsive but lacks weekend support

Final Verdict – Should You Trade with SquaredFinancial?

SquaredFinancial is a reputable broker offering robust services for traders of all levels. With its advanced trading platforms, a wide selection of instruments, and strict regulatory compliance, it provides a secure and flexible trading environment. While its offshore operations may not appeal to ultra-conservative investors, its CySEC license and client protections enhance its reliability.

Recommended for:

• New and experienced traders
• MT4/MT5 users
• CFD and Forex enthusiasts
• Traders seeking commission-free or raw spread options
• Pakistani traders looking for a globally recognized broker

For more in-depth forex broker reviews and daily market updates, visit www.dailyforex.pk.