Updated May 13 2022
Overview | |
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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. |
IG is a global broker established in 1974 that holds 10 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account. |
Best For | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 0 Other Licenses 2 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 7 Other Licenses 1 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2005 | 1974 |
💳 Minimum Deposit | |
250 € (SquaredPro Account), 5,000 € SquaredElite Account |
0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards. |
💰 Payment Methods | |
💵 Account Base Currencies | |
5 - EUR, USD, GBP, CHF, ZAR. | 6 - AUD, EUR, GBP, HKD, SGD, USD. |
🗽 Available to U.S Citizens | |
No | Yes (excluding CFDs) |
❌ Restricted Countries | |
US, CA, IR, SY. | SY, IR. |
📊 STP Account | |
Yes | No |
📊 DMA Account | |
Yes | Yes |
📊 ECN Account | |
Yes | Yes | Assets |
📚 Available Assets | |
📙 Stocks | |
8,000 Real Stocks / 8,000 Stock CFDs | 10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks |
📘 Currency Pairs | |
40+ | 210 |
📗 Commodities | |
5 | 37 |
📕 Indices | |
15 | 76 |
📔 ETFs | |
1,000 ETFs CFDs | 2,000 + both CFDs and real ETFs |
💸 Cryptocurrencies | |
25+ | 15 |
📒 Bonds | |
N/A | 19 |
📓 Options | |
N/A | Availability only for select countries. |
📗 Futures | |
16 | Several contracts in commodities and indices with various expiration dates. |
📝 Notes: | |
SquaredFinancial provides real stocks along with CFDs on the most common asset classes. |
IG provides both CFD trading and real equity. US traders cannot trade CFDs. |
Trading Experience |
📈 Minimum Stock Trade Size | |
1 Share | 1 Share |
📉 Minimum ETFs Trade Size | |
1 ETF | 1 ETF |
📈 Minimum Crypto Trade Size | |
Varies per Cryptocurrency (Eg: 0.01 BTC) | 0.01 Contracts (IG Provides a standard contract containing a particular quantity of an asset, for example, ADA’s contract has 100 ADA coins) |
📉 Minimum FX Trade Size | |
$1,000 (0.01 Lots) | 1 Contract (IG Provides a standard contract containing a particular quantity of an asset, for example, 1 EUR / USD standard contract has 10,000 units) |
📈 Minimum Commodities Trade Size | |
Varies per Commodity (Eg: 1 Gold Contract) | 1 Contract |
📉 Minimum Bonds Trade Size | |
N/A | 1 Contract |
📈 Minimum Futures Trade Size | |
Varies per future (Eg: 1 Contract) | 1 Contract |
📉 Minimum Options Trade Size | |
N/A | Varies per option (usually 1 contract) |
💪 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 | 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 | No |
💻 Proprietary Platform | |
No | Yes |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
No | No |
👫 Social Trading | |
No | No |
🔑 Guaranteed Stop-loss | |
No | Yes |
🔨 Trailing Stop-loss | |
No | Yes | Fees |
💰 Inactivity Fee | |
No | After 24 months of inactivity, IG charges an $18 monthly fee. |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 Commissions | |
Yes, depending on account type or assets. For account types:
For particular assets there are commissions on all accounts, specifically in shares as follows:
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Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out. |
Spreads |
📈 EUR/USD | |
Dynamic - From 0 to 1.2 Pips | Dynamic - From 0.9 Pips |
📉 SP500 | |
Dynamic - From 150 Pips | Dynamic - From 150 Pips |
📈 GOLD | |
Dynamic - From 110 Pips | Dynamic - From 50 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - Market Spread | Dynamic - From $1.03 |
📈 XLK (ETF - CFD) | |
Dynamic - Market Spread | Dynamic - From 0 Pips |
📉 BTC | |
Dynamic - From $250 | Dynamic - From $140 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
No | Yes |
📡 Reuters Feed | |
No | Yes |