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Score

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

SQUAREDFINANCIAL

Cyprus|10-15 years| Benchmark B|
Regulated in France|Retail Forex License|MT4 Full License|High potential risk|Offshore Regulated|

https://www.sqfin.sc/

Website

Rating Index

Benchmark

Benchmark

B

Average transaction speed (ms)

503.8

MT4/5

Full License

SquaredFinancial-Demo

United Kingdom
MT4
48

Influence

B

Influence index NO.1

Italy 7.44
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:A

Slippage:AA

Cost:C

Disconnected:A

Rollover:B

MT4/5 Identification

MT4/5 Identification

Full License

48
Server Name
SquaredFinancial-Demo MT4
Server Location United Kingdom

Influence

Influence

B

Influence index NO.1

Italy 7.44
Surpassed 70.80% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 1615291334
support@sqfin.com
https://www.sqfin.sc/
16-17 ColleGe Green Dublin 2
VPS Standard
*No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2024-12-23
  • 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!
2

Basic information

Registered region
Cyprus
Operating period
10-15 years
Company Name
Squared Financial Services Limited
Abbreviation
SQUAREDFINANCIAL
Company employee
--
Customer Service Email Address
support@sqfin.com
Contact number
00441615291334
Company website
Company address
16-17 ColleGe Green Dublin 2

xtradingx

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

04-26

FX9602513612

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

03-20

FX9602513612

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

03-19

SB7344

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

01-14

Arshad3622

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

01-12

xtradingx

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

01-10

SB7344

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

01-09

AbdulBN

United Arab Emirates

I am a regular user of Squared Financial from this year September, everything going fine, then suddenly they delete my $4406.74 profit. I contacted them several time, but they didn't revert it. I want my money back...

Exposure

2023-12-23

Naeem4129

United Arab Emirates

On 26-10-23, $4902 in profit vanished from my trading account without explanation. Despite my compliant trading history, this deletion lacks justification. I urge immediate action and reinstatement of the funds. Your swift resolution is crucial.

Exposure

2023-12-21

Naz4852

United States

Hope you are doing well, my name is Waqas Khan marketing director Drforexofficial and we have also some sites like www.topbrokersreview.com. I used to work for forex as sales Team leader till 2020 in Cyprus . I am writing as I personally experienced unethical activity from Squared Financial. Below I will try to share exact details and I have all evidence , including linkedin conversation with BDM, CEO, CFO and also I called on their support but so far I am not able to get answer showing proof of any illegal activities but just Whatsapp communication from BDM that I will get email from compliance. We opened CPA(cost per account) with them in September as I was approached by M Aysraful BDM through LinkedIn . Aysraful offered CPA and we reached to an agreement , through Whatsapp communication we continued our partnership and we were able to send 5 ftds which were qualifed as per agreement . October 15th once It was time for payment Aysraful mentioned that I missed point and I need to send at least 10 ftds to get paid as per agreement . I checked agreement once again and agreed for same , following month I was able to send 11 Ftds out of 10 were qualified . November 15 came but again I didn't get paid , once I follow up with Aysraful he start telling me that your clients used same IP so your clients are abusers. I request to send me proof for same , but instead providing proof I am keep only getting message that compliance will send me an email . It's been 20 days I didn't get any email showing illegal activities from clients and I didn't get paid for no reason . Meanwhile they send me email end of November that my partner account got deactivated. I sent 3 emails to support , compliance , complaint and adding CFO but no answer yet . I have shared articles on different sites and shared same on my LinkedIn , got to know with different sources that they didn't pay many partners also recently few clients approach me and mentioned that their withdrawals stuck with Squared.

Exposure

2023-12-06

Syed Salman Shah

Pakistan

Dear Traders,I am here to expose this scam broker, squaredfinancial, I register with them in Sept and made a deposit, screenshot has been attached, made profit of 1000, and wanted to withdraw, made the withdrawal request and company declined the request, they terminated my account, both the proofs are attached to this post, I am going to take legal action against their company,

Exposure

2023-11-01

Majid Abdul Malak

United Arab Emirates

Hello,I am here to expose the scam by squaredfinancial, I made adeposit of 1200, screenshot attached to the post, made profit of 1105, and wanted to withdraw, i made the withdrawal and they terminated my account, not giving back my profit and deposit.My account number is MT4: 122007They scammed me for 2305, proofs are attached,

Exposure

2023-10-30

Muhammad Sherazz

Pakistan

Hello Everyone, Scam Alert Squared Financial is a new Scammer broker in the market they are holding withdrawal of many traders as you can see in the screenshot below. So please Be aware everyone don't deposit with this Scammer broker.

Exposure

2023-10-25

FX3091374099

Argentina

The agent told me through a phone call that the information provided was true, and that is why I had to invest 18 soles of which I never saw results, and so far nothing yet

Exposure

2022-03-01

DouZ

Singapore

SquaredFinancial broker offers a sea of trading instruments, charging low fees, and customer support can be available 24/7. I highly recommend you to open a SquaredPro account first to give it a shot, and it won’t disappoint you.

Neutral

2023-02-20

A大大324

Malaysia

This is a super broker and I will continue to trade here

Positive

2023-10-17

David352

Cyprus

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.

Positive

2023-06-19

ゞ→唯ㄨ﹎

South Africa

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!!!

Positive

2023-02-07

天天贸易

Japan

This company has been established for more than 15 years, and it still holds multiple regulatory licenses. I have not found information on the Internet that it is a scam. I am going to trade with it, do you have any friends who have traded with it to share their experience?

Positive

2022-12-15

Xingo

Japan

SQUAREDFINANCIAL This company looks great, it has several regulatory licenses, which means that its safety factor is very high... The most important thing I value when trading foreign exchange is safety. I am now going to open a demo account to see how its trading conditions are.

Positive

2022-12-14

21
Account Information
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Benchmark

Average transaction speed(ms)
503.8
The highest transaction speed(ms)
311 Poor
The highest speed of opening positions(ms)
349
The highest speed of closing position(ms)
311
The lowest speed of opening positions(ms)
1594 Good
The lowest speed of closing position(ms)
1748
26.47USD/Lot Poor
30.62USD/Lot Good
Long: -7.82USD/Lot    Short: 0.76USD/Lot
Long: -35.82USD/Lot    Short: 21.68USD/Lot
Average slippage
-2 Perfect
Maximum transaction slippage
2 Great
Maximum positive slippage
-3 Great
Maximum negative slippage
2 Great
Average disconnection frequency (times/day)
0.3 Perfect
Average reconnection time (millisecond/per request)
109.8
Ranking: 80 / 125
Test user 208
Orders 1,671
Ocuppied margin $877,226 USD
Data Source
WikiFX Data provide
Updated: 2024-12-20 01:00:00
Sources
Language
Mkt. Analysis
Creatives

Website

  • sqfinfx.com

    Server Location

    Singapore

    Website Domain Name

    sqfinfx.com

    Server IP

    8.222.142.8

  • sqfin.sc

  • portal-sq.io

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
AvgEUR/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 France
  • Regulated in Cyprus
  • Regulated in Seychelles
  • Regulated in Spain
  • Retail Forex License
  • Market Making(MM)
  • MT4 Full License
  • MT5 Full License
  • High potential risk
  • Offshore Regulated

News

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

SquaredFinancial Enhances Partnership Programs and Launches Multilingual Platform

News SquaredFinancial 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.

2024-04-09 23:05

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

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

News SquaredFinancial'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.

2024-01-09 18:22

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