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

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.

FP Markets is a leading Australian broker with a 10,000+ asset offering accompanied by a great variety of tech options such as deploying your own VPS and accessing ENC / DMA pricing.

• 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

• Professional traders looking for DMA pricing on their stocks
• Professional traders looking to set up a dedicated VPS
• High volume share traders that benefit from DMA pricing

• CySec (Cyprus)
• FSAS (Seychelles)

• ASIC (Australia)
• CySec (Cyprus)
• FSA (St. Vincent and the Grenadines)

• 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

• Competitive spreads From 0 pips
• MT4 and MT5 offered
• Over 10,000 + shares

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

• No ETFs are offered
• Stock trading commissions are expensive when compared to similar brokers
• Website is slow and confusing
• Fees for the majority of deposit and withdrawal methods

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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
• Neteller
• Skrill
• Instatransfer

• Visa
• Mastercard
• Bank Transfer
• Paypal
• Neteller
• Skrill
• FasaPay
• PayTrust
• China Union Pay
• Bpay
• Broker to broker
• Sticpay
• Plusdebit
• Rupee Payments
• Dragonpay
• Perfect Money
• Paylivre
• Rapyd
• Finrax
• Fairpay

US, CA, IR, SY.

US, JP, BE, NZ, SY.

Yes, $5 for card withdrawals and $20 for international bank transfer withdrawals.

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 commission on their Standard Account
• $3 per side (lot) commission on their RAW Account