SquaredFinancial
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63.2% of retail CFD accounts lose money.

Vs.

eToro
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68% of retail CFD accounts lose money.

SquaredFinancial Vs. eToro - Compare and Choose the Right One

Updated May 13 2022

Visit

63.2% of retail CFD accounts lose money.

Visit

68% of retail CFD accounts lose money.

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.

eToro is an international broker specialised in social and copy trading that offers real stocks and cryptocurrencies along with CFDs on several asset classes.

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
  • New traders looking to use the copy trading feature
  • Experienced traders looking to monetise their skills by gaining followers
  • Passive investors looking to buy and hold shares with no commissions
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

2

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FSAS (Seychelles)
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • FSAS (Seychelles)
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
  • Social and Copy trading capabilities
  • Trading real shares and cryptocurrencies
The Bad
  • Platform offering is limited to only MT4 and MT5
  • High minimum deposit for SquaredElite account (5,000 €)
  • Copy Trading statistics are not clear enough
  • Lack of advanced order placement controls
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 day minimum (may take longer)
📋 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 2007
💳 Minimum Deposit

250 € (SquaredPro Account), 5,000 € SquaredElite Account

From $5 to $200
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Instatransfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Sofort
  • Neteller
  • Paypal
  • Skrill
💵 Account Base Currencies
5 - EUR, USD, GBP, CHF, ZAR. 1 - USD
🗽 Available to U.S Citizens
No Only for crypto Trading
❌ Restricted Countries
US, CA, IR, SY. AF, AL, BS, BB, BY, BA, BW, BN, BI, KH, CA, TD, CD, CG, ET, FJ, GH, GN, GW, GY, IR, IQ, JM, JP, LA, LY, ML, MU, MN, ME, MM, NA, NI, KP, MK, PK, PW, WS, RS, SO, LK, SD, SY, TT, TN, TR, UG, VU, YE, ZM
📊 STP Account
Yes Yes
📊 DMA Account
Yes No
📊 ECN Account
Yes Yes
Assets
📚 Available Assets
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, commodities, currencies, indices, futures, cryptocurrencies.
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies and indices
📙 Stocks
8,000 Real Stocks / 8,000 Stock CFDs 2,000+ Real Stocks / 2,000+ CFDs
📘 Currency Pairs
40+ 47
📗 Commodities
5 14
📕 Indices
15 13
📔 ETFs
1,000 ETFs CFDs 145
💸 Cryptocurrencies
25+ 26
📒 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.

Real stocks are offered without leverage, all the rest of the assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
1 Share $50
📉 Minimum ETFs Trade Size
1 ETF $50
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC) $25
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000
📈 Minimum Commodities Trade Size
Varies per Commodity (Eg: 1 Gold Contract) $1,000
📉 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 Varies
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
No After 12 months of inactivity, a $10 monthly inactivity fee will be charged.
💰 Deposit Fees
No No
💰 Withdrawal Fees
No $5
💰 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 €)
No
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.2 Pips Dynamic - From 1 Pip
📉 SP500
Dynamic - From 150 Pips Dynamic - From 75 Pips
📈 GOLD
Dynamic - From 110 Pips Dynamic - From 45 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From 0.09%
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - From 0.09%
📉 BTC
Dynamic - From $250 Dynamic - From 0.75%
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No

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