SquaredFinancial Vs. OctaFX - 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.

OctaFX is an international FX broker operating as an incorporated company from St. Vincent and the Grenadines specialising in currencies trading via MetaTrader 4 & 5.

• 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 a high leverage off-shore broker
• New traders looking to experiment using MT4 & 5 with a no commission low-cost broker

• CySec (Cyprus)
• FSAS (Seychelles)

None

• 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

• High leverage offered due to no regulatory restrictions
• MetaTrader 4 & 5 platforms with their own copy trading integration
• Low minimum deposit

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

• Despite having financial licenses, OctaFX does not operate using them, meaning that they are an unregulated broker.
• Their asset offering is extremely limited (80 instruments)

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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
• Maestro
• Skrill
• Neteller
• Bitcoin
• Ethereum
• USDT (Tether)
• Litecoin
• Dogecoin
• Bank Transfer

US, CA, IR, SY.

US, CA.

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 €)