SquaredFinancial
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63.2% of retail CFD accounts lose money.

Vs.

FXCM
Visit

74-89% of retail CFD accounts lose money.

SquaredFinancial Vs. FXCM - Compare and Choose the Right One

Updated May 13 2022

Visit

63.2% of retail CFD accounts lose money.

Visit

74-89% 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.

FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering.

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
  • Professional algorithmic traders looking to benefit from their comprehensive API offering 
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)
  • ASIC (Australia)
  • CySec (Cyprus)
  • FCA (United Kingdom)
  • FSCA (South Africa)
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
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
The Bad
  • Platform offering is limited to only MT4 and MT5
  • High minimum deposit for SquaredElite account (5,000 €)
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads 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 1999 (FXCM Group)
💳 Minimum Deposit

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

€, £, $ - 50 (Varies by payment method)
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Instatransfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill

Skrill and Neteller are not available to FXCM EU clients at the moment

💵 Account Base Currencies
5 - EUR, USD, GBP, CHF, ZAR. 4 - EUR GBP, USD, CHF.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, IR, SY. RU, US, CA, JP, SK and more.
📊 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, currencies, commodities, cryptocurrencies and indices

📙 Stocks
8,000 Real Stocks / 8,000 Stock CFDs 200+
📘 Currency Pairs
40+ 39
📗 Commodities
5 11
📕 Indices
15 15
📔 ETFs
1,000 ETFs CFDs N/A
💸 Cryptocurrencies
25+

6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK)

📒 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 FXCM's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
1 Share 1 share
📉 Minimum ETFs Trade Size
1 ETF N/A
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC) 1 unit of any cryptocurrency
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies per Commodity (Eg: 1 Gold Contract) Varies by Commodity (Eg: 1 Troy ounce of Gold)
📉 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 (Varies)
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 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

50 units of the account's base currency yearly after 1 year of inactivity.

💰 Deposit Fees
No No
💰 Withdrawal Fees
No

Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).

💰 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 From 1.2 Pips (As per our research)
📉 SP500
Dynamic - From 150 Pips Dynamic - From 58 Pips (As per our research)
📈 GOLD
Dynamic - From 110 Pips Dynamic - From 41 Pips (As per our research)
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $1.04 (As per our research)
📈 XLK (ETF - CFD)
Dynamic - Market Spread N/A
📉 BTC
Dynamic - From $250 Dynamic - From $51 (As per our research)
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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