CMC Markets Vs. SquaredFinancial - Compare Trustworthiness, Capabilities, Fees and Legitimacy

CMC Markets is a global broker headquartered in the U.K that holds 6 high value financial licenses and offers CFD trading on stocks, etfs, commodities, currencies, bonds and cryptocurrencies.

SquaredFinancial is a global brokerage firm founded in 2005 and headquartered in Cyprus that specialises in providing real stocks along with CFDs on all major asset classes paired with MT4 & MT5 platforms.

• Professional high volume traders looking to offset the cost of commissions through larger trades
• Intermediate and professional traders looking for a professional custom platform with customisable layouts

• Professional high volume traders looking to exploit their competitive commissions in shares
• High volume FX traders looking to open a SquaredElite account with spreads from 0 Pips

• ASIC (Australia)
• FCA (UK)
• IIROC (Canada)
• MAS (Singapore)
• BaFin (Germany)

• CySec (Cyprus)
• FSAS (Seychelles)

• Comprehensive asset offering with more than 12,000+ tradable assets and the possibility to add data connections to exchanges to add more
• Powerful professional platform with customisable layouts and integrated reuters feed

• Extensive asset offering (more than 10,000+ products)
• Real stocks are offered along with CFDs
• Very competitive share trading commissions when compared to similar brokers

• High commissions on stocks and ETFs
• Platform is not beginner friendly

• Platform offering is limited to only MT4 and MT5
• High minimum deposit for SquaredElite account (5,000 €)

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• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Valid identity document (Passport, ID Card, etc)
• Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

• Visa
• Mastercard
• Bank Transfer
• Paypal

• Visa
• Mastercard
• Bank Transfer
• Neteller
• Skrill
• Instatransfer

US, JP, SY, ZA, IR.

US, CA, IR, SY.

After 12 months of inactivity, CMC Markets charges a £10 inactivity fee.

Yes and they vary per share exchange location. For U.S shares, there is a minimum $10 in-and-out commission. 

Yes, depending on account type or assets. For account types:

• SquaredPro account has no default commissions
• SquaredElite account has a commission of $5 per lot

For particular assets there are commissions on all accounts, specifically in shares as follows:

• USA shares have a $0.06 per share commission (with a minimum of $2)
• European shares have a 0.15% commission of the transaction value (with a minimum of 5 €)