Squared Financial Review 2026
SquaredFinancial is a CFD broker that gave up its Cyprus license in December 2025 after two CySEC fines, and now runs mainly through a Seychelles license.
Min Deposit
$250
Spreads From
0.2 pips
Max Leverage
1:30
Platforms
2
Pros
- Regulated by the Seychelles FSA with a real, checkable license number
- Offers both MetaTrader 4 and MetaTrader 5 alongside a web platform
- Long operating history in the industry, trading since 2005
- No minimum deposit needed to open the standard SquaredPro account
Cons
- Gave up its Cyprus CySEC license in December 2025 after two fines
- Fined 35,000 euros and 50,000 euros by CySEC within the same month
- Trade press reported frozen funds owed to partner brokers in 2025
- Trustpilot reviewers report withdrawal requests stuck pending for weeks
- No longer opens new accounts through its former EU regulated entity
- SquaredElite's commission account needs an unusually high $5,000 minimum deposit
SquaredFinancial started in 2005 in Cyprus under founder Philippe Ghanem. In November 2025, CySEC fined the group twice in one month: 35,000 euros over CFD marketing rules, and 50,000 euros over a licensing issue at its Seychelles arm. Weeks later, the firm gave up its Cyprus license and stopped taking new EU clients.
SquaredFinancial now trades mainly through its Seychelles entity. It offers two accounts. SquaredPro needs no minimum deposit, but EUR/USD spreads start above 1 pip. SquaredElite needs a bigger deposit and a small commission for tighter spreads. Both use MetaTrader 4 and MetaTrader 5, with leverage up to 1:500 offshore.
On Trustpilot, SquaredFinancial holds a 4.2 score from around 680 reviews, yet 22 percent leave 1 star, often over withdrawals stuck pending for weeks. Trade press also reported the firm froze partner broker funds around the same time it left CySEC. Given the fines and license exit, this broker needs real caution now.
Min. Deposit
USD 0
Max Leverage
1:500 for retail and professional clients through the Seychelles entity
Spreads From
0.0 pips on SquaredElite, plus a $5 per lot commission
Platforms
Squared Financial is a CySEC-regulated broker founded in 2015, offering retail and professional trading services across Europe, MENA, and Asia. The broker is also regulated by FSCA in South Africa and FSC in Mauritius for international clients.
Squared Financial offers 500+ instruments across forex pairs, indices, commodities, equities, ETFs, and cryptocurrencies. The broker's primary platform is MetaTrader 5, complemented by a proprietary mobile trading application.
The broker prides itself on institutional-level pricing with no dealing desk interference, offering direct market access pricing to retail clients. Squared Financial's account structure caters to traders of all sizes, from a $250 minimum entry-level account to professional accounts for high-volume traders.
Standard
Professional
55+ currency pairs available for trading
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
Regulators
Platforms
- CySEC (Cyprus)
- FSCA (South Africa)
- FSC (Mauritius)
