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    Forex.com
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    67.6% of retail CFD accounts lose money.

    Vs.

    SquaredFinancial
    Visit

    69.9% of retail CFD accounts lose money.

    Forex.com Vs. SquaredFinancial - Compare Trustworthiness, Capabilities, Fees and Legitimacy

    Updated Oct 20 2022

    Visit

    67.6% of retail CFD accounts lose money.

    Visit

    69.9% of retail CFD accounts lose money.

    Overview

    Forex.com is a global broker headquartered in the U.S and part of StoneX (publicly traded company on NASDAQ) that specialises in offering CFDs based on commodities, currencies, indices, stocks, ETFs, shares, 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.

    Best For
    • Traders of all levels (beginner to advanced) looking for competitive pricing
    • Trades of all levels looking for a great platform variety
    • High volume traders looking for ECN or DMA accounts offering deep liquidity for large trades
    • 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
    Licenses

    Financial
    Licenses

    Regulation

    Regulated

    Top-tier Licenses

    4

    Other Licenses

    2

    Provided by
    TheTradingBible.com

    Learn More

    Financial
    Licenses

    Regulation

    Regulated

    Top-tier Licenses

    0

    Other Licenses

    2

    Provided by
    TheTradingBible.com

    Learn More
    πŸ› Financial Regulators
    • FINRA (United States)
    • FCA (UK)
    • FFAJ (Japan)
    • IIROC (Canada)
    • CySec (Cyprus)
    • CIMA (Cayman Islands)
    • CySec (Cyprus)
    • FSAS (Seychelles)
    The Good
    • Great platform offering (Proprietary, TradingView, MetaTrader 4 & 5)
    • Excellent asset offering (more than 5,000+ instruments)
    • Competitive spreads in some of their assets
    • 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
    The Bad
    • Despite presenting a great customisable platform, it still feels messy and not intuitive to use
    • Commissions are expensive when compared to similar competitors 
    • Platform offering is limited to only MT4 and MT5
    • High minimum deposit for SquaredElite account (5,000 €)
    Status
    Operational Operational
    Recent News

    No fresh news at the moment. Check again soon!

    No fresh news at the moment. Check again soon!

    Key Data
    βŒ› Account Opening Time
    1 day 1 day
    πŸ“‹ Documents Required
    • 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.

    πŸ“ Year Founded
    2001 2005
    πŸ’³ Minimum Deposit Range
    $100 250 € (SquaredPro Account), 5,000 € SquaredElite Account
    πŸ’° Payment Methods
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • Bank Transfer
    • Visa
    • Mastercard
    • Bank Transfer
    • Neteller
    • Skrill
    • Instatransfer
    πŸ’΅ Account Base Currencies
    6 - GBP, USD, EUR, AUD, JPY, CHF. 5 - EUR, USD, GBP, CHF, ZAR.
    πŸ—½ Available to U.S Citizens
    Yes No
    ❌ Restricted Countries
    None

    US, CA, IR, SY.

    πŸ“Š STP Account
    Yes Yes
    πŸ“Š DMA Account
    Yes Yes
    πŸ“Š ECN Account
    Yes Yes
    Banking License
    No No
    Debit Card
    No No
    Assets
    πŸ“š Assets Type
    CFDs Hybrid
    Total Asset Offering
    5,371 17,101
    Exchange Access
    0 0
    πŸ“™ Real Stocks
    0 8,000
    πŸ“™ Stock CFDs
    4,500 8,000
    πŸ“˜ Currency Pairs
    0 0
    πŸ“˜ Currency Pair CFDs
    93 40
    πŸ“— Commodities
    0 0
    πŸ“— Commodities CFDs
    35 5
    πŸ“• Indices
    0 0
    πŸ“• Indices CFDs
    24 15
    πŸ“” ETFs
    0 0
    πŸ“” ETFs CFDs
    700 1,000
    πŸ’Έ Cryptocurrencies
    0 0
    πŸ’Έ Cryptocurrency CFDs
    5 25
    πŸ“’ Bonds
    0 0
    πŸ“’ Bonds CFDs
    14 0
    πŸ““ Options
    0 0
    πŸ““ Options CFDs
    0 0
    πŸ“— Futures
    0 0
    πŸ“— Futures CFDs
    0 16
    Trading Experience
    πŸ“ˆ Minimum Stock Trade Size
    Varies per share (eg: 0.3 AMZN shares) 1 Share
    πŸ“‰ Minimum ETFs Trade Size
    Varies per ETF (eg: 5 contracts of XLK) 1 ETF
    πŸ“ˆ Minimum Crypto Trade Size
    Varies per Cryptocurrency (eg: 0.01 BTC) Varies per Cryptocurrency (Eg: 0.01 BTC)
    πŸ“‰ Minimum FX Trade Size
    $1,000 (0.01 Lots) $1,000 (0.01 Lots)
    πŸ“ˆ Minimum Commodities Trade Size
    Varies per commodity (eg: 1 contract of Gold) Varies per Commodity (Eg: 1 Gold Contract)
    πŸ“‰ Minimum Bonds Trade Size
    Unavailable Unavailable
    πŸ“ˆ Minimum Futures Trade Size
    Unavailable Varies per future (Eg: 1 Contract)
    πŸ“‰ Minimum Options Trade Size
    Unavailable Unavailable
    πŸ’ͺ Retail Leverage
    30 30
    πŸ’ͺ Professional Leverage
    500 500
    ✍ Customisable Leverage
    No No
    🎲 Deleveraged Trading
    Yes Yes
    πŸŽ“ Demo Account
    Yes Yes
    πŸ“± IOS App
    Yes No
    πŸ“± Android App
    Yes No
    πŸ“Ί MetaTrader 4
    Yes Yes
    πŸ“Ί MetaTrader 5
    Yes Yes
    πŸ“Ί cTrader
    No No
    πŸ’» Web trader
    Yes Yes
    πŸ’» TradingView Platform
    Yes No
    πŸ’» Proprietary Platform
    Yes No
    πŸ“Š Multi-chart Tools
    Yes Yes
    πŸ‘¬ Copy Trading
    No No
    πŸ‘« Social Trading
    No No
    πŸ”‘ Guaranteed Stop-loss
    No No
    πŸ”¨ Trailing Stop-loss
    Yes No
    Fees
    πŸ’° Inactivity Fee

    $15 monthly after 1 year of inactivity.

    None
    πŸ’° Deposit Fees
    None None
    πŸ’° Withdrawal Fees
    None None
    πŸ’° Commissions

    Depending on account type.

    • Standard account has no commissions
    • β€œCommission Account” and β€œDMA Account” have a flat $5 fee commission per lot round turn

    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 €)
    Spreads
    πŸ“ˆ EUR/USD
    Dynamic - From 0.8 Pips Dynamic - From 0 to 1.2 Pips
    πŸ“‰ SP500
    Dynamic - From 60 Pips Dynamic - From 150 Pips
    πŸ“ˆ GOLD
    Dynamic - From 50 Pips Dynamic - From 110 Pips
    πŸ“‰ TSLA (Stock CFD)
    Dynamic - Market Spread Dynamic - Market Spread
    πŸ“ˆ XLK (ETF - CFD)
    Dynamic - Market Spread Dynamic - Market Spread
    πŸ“‰ BTC
    Dynamic - From $120 Dynamic - From $250
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    πŸ”­ Stock Screener
    No No
    πŸ—“ Economic Calendar
    Yes Yes
    πŸ“œ Integrated Newsfeed
    Yes No
    πŸ“‘ Reuters Feed
    Yes No
    πŸ“‘ Educational Content
    Yes Yes
    πŸ“‘ Live Chat Support
    Yes No
    πŸ“‘ Video Tutorials
    Yes No
    πŸ“‘ Account Management
    No Yes
    πŸ“‘ Webinars
    No No