SquaredFinancial Vs. MultiBank - 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.

MultiBank (MultiBank FX, MultiBank Group) is a global broker founded in 2005 that specialises in CFDs trading via MetaTrader 4 and 5 platforms.

• 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 looking for an off-shore broker connected to a well regulated parent group that provides high leverage
• Stock CFDs traders looking for wide share variety
• FX Traders that don’t scalp and are looking for competitive ECN accounts

• CySec (Cyprus)
• FSAS (Seychelles)

• ASIC (Australia)
• BaFin (Germany)
• CIMA (Cayman Islands)
• FSC (British Virgin Islands)
• FMA (Austria)
• MAS (Singapore)
• TFG (Tianjin)
• VFSC (Vanuatu)

• 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 asset variety (over 13,000+)
• Competitive commissions on Pro and ECN accounts ($3 per lot side)
• High leverage offering (Up to 1:500)

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

• Complicated legal regulatory framework due to being a group as it’s hard to understand which of their companies do what and on which entity does a customer trade or is being protected by regulation
• Scalping not allowed (120 seconds time limit for FX and commodities and 300 second limit for other CFDs)
• Expensive inactivity fee, $60 monthly after 90 days of inactivity.

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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
• PayTrust
• Praxis
• Pagsmile
• Skrill
• Neteller
• Plus Wallets
• Payment Asia
• GlobePay
• POLi
• Bitcoin

US, CA, IR, SY.

US, CA, SY, IR.

After 90 days of inactivity, $60 every month.

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 €)

• None on Standard accounts.
• Yes in Pro and ECN accounts of $3 per lot side.