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Score

7.06 /10
Good

SQUAREDFINANCIAL

Seychelles

10-15 years

Regulated in Cyprus

Market Maker (MM)

MT4 Full License

High potential risk

Offshore Regulated

https://www.sqfin.sc/

Benchmark

A

Influence

C

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Comparison

Quantity 14

Exposure

Open Account
Website

Score

Regulatory Index6.48

Business Index8.32

Risk Management Index0.00

Software Index9.99

License Index7.47

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

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

SQ Sey Ltd

Company Abbreviation

SQUAREDFINANCIAL

Platform registered country and region

Seychelles

Company website

X

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Company summary

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 2
Previous Detection : 2025-04-30
  • The number of the complaints received by WikiFX have reached 14 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Seychelles FSA regulation with license number: SD024 is an offshore regulation. Please be aware of the risk!

WikiFX Survey

SQUAREDFINANCIAL

Seychelles

WikiFX Verification

SQUAREDFINANCIAL · Benchmark
Average transaction speed(ms)
377.6 Good
The highest transaction speed(ms)
249
The highest speed of opening positions(ms)
249
The highest speed of closing position(ms)
250
The lowest speed of opening positions(ms)
609 Great
The lowest speed of closing position(ms)
484 Great
Ranking： 66 / 125
Test user 227
Transactions 1,299
Ocuppied margin $961,442 USD
Data Source WikiFX Data provide
Updated: 2025-04-28 01:04:00

Exposure

14 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

I can't log into my account and can't withdraw money.

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.

FX9602513612
2024-03-20 14:57
Scam

I couldn't withdraw my money

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?

FX9602513612
2024-03-19 13:54
Unable to Withdraw

Complaint about Profit Write-off

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.

SB7344
2024-01-14 18:09
Scam

I can't withdraw my money

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

xtradingx
2024-04-26 18:32
Sources
Data Source WikiFX Data provide
Updated: 2025-04-30
SQUAREDFINANCIAL · 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 App✔Mobile/
MT4✔Desktop, Mobile, WebBeginners
MT5✔Desktop, Mobile, WebExperienced traders

Deposit and Withdrawal

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

Payment methods

News

NewsSquaredFinancial 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.

WikiFX
2025-01-29 13:59
SquaredFinancial offers Trump & Melania meme coins

NewsSQUARED 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.

WikiFX
2025-01-08 14:41
SQUARED FINANCIAL: Your Friend or Foe?

NewsBe 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.

WikiFX
2024-10-29 18:59
Be a part of SquaredFinancial Live Talk show on US Election

NewsSquaredFinancial 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.

WikiFX
2024-07-31 14:15
SquaredFinancial Reveals its Brand Makeover

NewsSquaredFinancial Unveils its Social Trading feature on MT4

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

WikiFX
2024-06-27 17:49
SquaredFinancial Unveils its Social Trading feature on MT4

NewsSquaredFinancial Enhances Partnership Programs and Launches Multilingual Platform

SquaredFinancial, a fintech firm, has introduced upgraded partnership schemes to facilitate growth for partners. As it expands into new markets, changes to its reward program are accompanied by a dedicated multilingual website.

WikiFX
2024-04-09 23:05
SquaredFinancial Enhances Partnership Programs and Launches Multilingual Platform

ExposureThe 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.

WikiFX
2024-01-17 16:56
The Investor lost both principal and profit because of a broker named Squared Financial

NewsSquaredFinancial's $150,000 Prize Bonanza in IB Regional Contest

SquaredFinancial's latest endeavour—the IB Regional Competitions—enticing Introducing Brokers across Asia, GCC & MEA, and Africa with prizes exceeding $150,000, fostering growth and rewarding excellence in client referrals and trading volume.

WikiFX
2024-01-09 18:22
SquaredFinancial's $150,000 Prize Bonanza in IB Regional Contest
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User Reviews

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User comment

12

Comments

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David352
more than one year
I have traded with SquaredFinancial for 2 years now and can honestly say I have never traded with a better broker. They are available every time I need them. The execution and spread is great, they're very friendly on livechat. My account manager is always keeping me up to date. I highly recommend the broker.
I have traded with SquaredFinancial for 2 years now and can honestly say I have never traded with a better broker. They are available every time I need them. The execution and spread is great, they're very friendly on livechat. My account manager is always keeping me up to date. I highly recommend the broker.
Translate to English
2023-06-19 15:58
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ゞ→唯ㄨ﹎
more than one year
Sure enough, Forex trading has to be with these brokers who have many years of trading experience! Their customer service team is super professional, and they really have helped me a lot, AWESOME!!!
Sure enough, Forex trading has to be with these brokers who have many years of trading experience! Their customer service team is super professional, and they really have helped me a lot, AWESOME!!!
Translate to English
2023-02-07 18:21
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14