SquaredFinancial Vs. Eightcap - Compare and Choose the Right One


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Overview
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.	Eightcap is an Australian MT4 & 5 CFD broker founded in 2009 that specialises in currency, commodities, indices, stocks and cryptocurrency trading.
Best For
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	Traders familiar with MT4 and MT5 platforms High volume traders looking for their specific asset offering combined with their Raw account’s low spreads Cryptocurrency speculators looking for CFDs on major pairs with low spreads
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 0 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus) FSAS (Seychelles)	ASIC (Australia) SCB (Bahamas)
The Good
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	Low spreads offered in their raw account Wide variety of cryptocurrency pairs with low spreads
The Bad
Platform offering is limited to only MT4 and MT5 High minimum deposit for SquaredElite account (5,000 €)	Asset offering is low when compared to similar competitors Lacks platform variety as only MT4 & 5 are available All assets are CFDs, there is no ability to buy real shares
Status
Operational	Operational
Recent News
N/A	1 Day
Key Data
⌛ Account Opening Time
1 Day	1 Day
📋 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.
📍 Year Founded
2005	2009
💳 Minimum Deposit
250 € (SquaredPro Account), 5,000 € SquaredElite Account	$100
💰 Payment Methods
Visa Mastercard Bank Transfer Neteller Skrill Instatransfer	Visa Mastercard Skrill Neteller Paypal Bank Transfer Fasapay POLi Payment CUP (China Union Pay) BPAY
💵 Account Base Currencies
5 - EUR, USD, GBP, CHF, ZAR.	7 - AUD, CAD, EUR, GBP, NZD, SGD, USD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, IR, SY.	US, CA, SY, IR, CY.
📊 STP Account
Yes	No
📊 DMA Account
Yes	No
📊 ECN Account
Yes	No
Assets
📚 Available Assets
Real stocks and ETFs CFDs on stocks, ETFs, commodities, currencies, indices, futures, cryptocurrencies.	CFDs on stocks, commodities, indices, currencies and cryptocurrencies.
📙 Stocks
8,000 Real Stocks / 8,000 Stock CFDs	600+
📘 Currency Pairs
40+	45
📗 Commodities
5	5
📕 Indices
15	15
📔 ETFs
1,000 ETFs CFDs	N/A
💸 Cryptocurrencies
25+	250+
📒 Bonds
N/A	N/A
📓 Options
N/A	N/A
📗 Futures
16	N/A
📝 Notes:
SquaredFinancial provides real stocks along with CFDs on the most common asset classes.	All of Eightcap’s assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
1 Share	$1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
1 ETF	N/A
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC)	$1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies per Commodity (Eg: 1 Gold Contract)	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
N/A	N/A
📈 Minimum Futures Trade Size
Varies per future (Eg: 1 Contract)	N/A
📉 Minimum Options Trade Size
N/A	N/A
💪 Retail Leverage
Up to 1:30	Up to 1:30
💪 Professional Leverage
Up to 1:500	Up to 1:500
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
No	No
📱 Android App
No	No
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
No	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	Yes
Fees
💰 Inactivity Fee
No	No
💰 Deposit Fees
No	No
💰 Withdrawal Fees
No	No
💰 Commissions
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 €)	Depending on account type: Standard account has no commissions but spreads start from 1 Pip Raw account has a $3.5 commission per lot round turn but spreads start from 0 Pips
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.2 Pips	From 0 to 1 Pip
📉 SP500
Dynamic - From 150 Pips	From 40 Pips
📈 GOLD
Dynamic - From 110 Pips	From 21 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	N/A
📈 XLK (ETF - CFD)
Dynamic - Market Spread	N/A
📉 BTC
Dynamic - From $250	Dynamic - From $16
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	No
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No