SquaredFinancial
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63.2% of retail CFD accounts lose money.

Vs.

Forex.com
Visit

Majority of retail CFD accounts lose money.

SquaredFinancial Vs. Forex.com - Compare and Choose the Right One

Updated May 13 2022

Visit

63.2% of retail CFD accounts lose money.

Visit

Majority 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.

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.

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 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
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

4

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FSAS (Seychelles)
  • FINRA (United States)
  • FCA (UK)
  • FFAJ (Japan)
  • IIROC (Canada)
  • CySec (Cyprus)
  • CIMA (Cayman Islands)
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
  • Great platform offering (Proprietary, TradingView, MetaTrader 4 & 5)
  • Excellent asset offering (more than 5,000+ instruments)
  • Competitive spreads in some of their assets
The Bad
  • Platform offering is limited to only MT4 and MT5
  • High minimum deposit for SquaredElite account (5,000 €)
  • Despite presenting a great customisable platform, it still feels messy and not intuitive to use
  • Commissions are expensive when compared to similar competitors 
Status
Operational Operational
Recent News
N/A N/A
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 2001
💳 Minimum Deposit

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

$100
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Instatransfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Bank Transfer
💵 Account Base Currencies
5 - EUR, USD, GBP, CHF, ZAR. 6 - GBP, USD, EUR, AUD, JPY, CHF.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries
US, CA, IR, SY. None
📊 STP Account
Yes Yes
📊 DMA Account
Yes Yes
📊 ECN Account
Yes Yes
Assets
📚 Available Assets
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, commodities, currencies, indices, futures, cryptocurrencies.

CFDs on currencies, commodities, indices, bonds, shares and cryptocurrencies.

📙 Stocks
8,000 Real Stocks / 8,000 Stock CFDs 4,500+
📘 Currency Pairs
40+ 93
📗 Commodities
5 35
📕 Indices
15 24
📔 ETFs
1,000 ETFs CFDs 700+
💸 Cryptocurrencies
25+ 5
📒 Bonds
N/A 14
📓 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 Forex.com’s assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
1 Share Varies per share (eg: 0.3 AMZN shares)
📉 Minimum ETFs Trade Size
1 ETF Varies per ETF (eg: 5 contracts of XLK)
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC) Varies per Cryptocurrency (eg: 0.01 BTC)
📉 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) Varies per commodity (eg: 1 contract of Gold)
📉 Minimum Bonds Trade Size
N/A Varies per Bond (eg: 1 contract of Euro Bobl)
📈 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 No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
No Yes
📊 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

Yes, $15 monthly after 1 year of inactivity.

💰 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 €)

Yes depending on account type.

  • Standard account has no commissions
  • “Commission Account” and “DMA Account” have a flat $5 fee commission per lot round turn
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.2 Pips Dynamic - From 0.8 Pips
📉 SP500
Dynamic - From 150 Pips From 60 Pips
📈 GOLD
Dynamic - From 110 Pips From 50 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - Market Spread
📉 BTC
Dynamic - From $250 From $120
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No Yes

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