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. |
Plus500 is an international broker specialised in CFD trading with a big range of assets including CFDs based on American options |
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 3 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 | 2008 |
💳 Minimum Deposit | |
250 € (SquaredPro Account), 5,000 € SquaredElite Account |
$, €, £ - 100 |
💰 Payment Methods | |
💵 Account Base Currencies | |
5 - EUR, USD, GBP, CHF, ZAR. | 16 - USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD. |
🗽 Available to U.S Citizens | |
No | No |
❌ Restricted Countries | |
US, CA, IR, SY. | US, CA, CU, SY, IR. |
📊 STP Account | |
Yes | Yes |
📊 DMA Account | |
Yes | No |
📊 ECN Account | |
Yes | No | Assets |
📚 Available Assets | |
📙 Stocks | |
8,000 Real Stocks / 8,000 Stock CFDs | 2,000+ |
📘 Currency Pairs | |
40+ | 70 |
📗 Commodities | |
5 | 25 |
📕 Indices | |
15 | 26 |
📔 ETFs | |
1,000 ETFs CFDs | 95 |
💸 Cryptocurrencies | |
25+ | 14 |
📒 Bonds | |
N/A | N/A |
📓 Options | |
N/A | Option CFDs (Calls and Puts) on: Alphabet, Facebook, Apple, Deutsche Bank, Snap, Twitter, Amazon, Microsoft, Netflix, Tesla and NIO along with major indices and EUR/USD. |
📗 Futures | |
16 | N/A |
📝 Notes: | |
SquaredFinancial provides real stocks along with CFDs on the most common asset classes. |
All of Plus500's assets are CFDs. |
Trading Experience |
📈 Minimum Stock Trade Size | |
1 Share | Varies by Stock (Eg: 0.05 units of Tesla) |
📉 Minimum ETFs Trade Size | |
1 ETF | Varies by ETF (Eg: 0.5 units of XLK) |
📈 Minimum Crypto Trade Size | |
Varies per Cryptocurrency (Eg: 0.01 BTC) | Varies by Crypto (Eg: 0.001 BTC) |
📉 Minimum FX Trade Size | |
$1,000 (0.01 Lots) | $1,000 |
📈 Minimum Commodities Trade Size | |
Varies per Commodity (Eg: 1 Gold Contract) | Varies by Commoditty (Eg: 0.2 Troy ounces 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 | Varies by Option (Eg: 5 contracts of Tesla Calls) |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:30 |
💪 Professional Leverage | |
Up to 1:500 | Up to 1:300 |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
Yes | No |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
No | Yes |
📱 Android App | |
No | Yes |
📺 MetaTrader 4 | |
Yes | No |
📺 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 | Yes, $10 every 3 months |
💰 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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No | Spreads |
📈 EUR/USD | |
Dynamic - From 0 to 1.2 Pips | Dynamic - From 0.8 Pips |
📉 SP500 | |
Dynamic - From 150 Pips | Dynamic - From 70 Pips |
📈 GOLD | |
Dynamic - From 110 Pips | Dynamic - From 30 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - Market Spread | Dynamic - From $5.2 |
📈 XLK (ETF - CFD) | |
Dynamic - Market Spread | Dynamic - From 7 Pips |
📉 BTC | |
Dynamic - From $250 | Dynamic - From $136 | Research and Analysis |
⭐ Watchlists | |
Yes | No, only allows setting an individual favourites list |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
No | No |
📡 Reuters Feed | |
No | No |