What is SquaredFinancial?
SquaredFinancial is an online brokerage firm that offers a range of financial services, including forex and CFD trading, with a focus on providing a user-friendly trading experience.
When Did It Start Operating?
SquaredFinancial was established in 2017.
Where Is Its Headquarters?
The company is headquartered in Limassol, Cyprus.
In Which Countries Is It Restricted?
SquaredFinancial is not available in certain jurisdictions, including the United States and some other countries where local regulations prohibit the provision of its services.
Advantages:
- Variety of Trading Instruments: Offers a wide range of assets, including forex, commodities, indices, and cryptocurrencies.
- User-Friendly Platform: The trading platform is intuitive and suitable for both beginners and experienced traders.
- Competitive Spreads: Offers competitive spreads, which can be beneficial for trading costs.
Disadvantages:
- Limited Educational Resources: May lack comprehensive educational materials for beginners compared to some other brokers.
- Regulatory Limitations: Being based in Cyprus may raise concerns for some traders regarding regulatory oversight compared to brokers in other jurisdictions.
Which Instruments Can I Trade?
SquaredFinancial allows trading in:
- Forex pairs
- Commodities (like gold and oil)
- Indices
- Cryptocurrencies
- Stocks (CFDs)
What Is the Trading Fee?
SquaredFinancial offers competitive spreads but does not charge commissions on trades. Fees may vary based on the asset and account type.
Does It Allow Scalping?
Yes, SquaredFinancial allows scalping, making it suitable for traders who prefer short-term trading strategies.
Is There a Trading Platform?
Yes, SquaredFinancial provides a trading platform that is accessible via desktop and mobile devices, including MetaTrader 4 (MT4).
Is Margin Trading Available?
Yes, SquaredFinancial offers margin trading, allowing traders to leverage their positions based on the margin requirements set by the broker.
