SquaredFinancial Vs. RoboForex - Compare and Choose the Right One


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.	RoboForex is an international broker established in 2009 which also owns the brand RoboMarkets and specialises on CFD trading over several asset classes.
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	Intermediate and Professional traders looking for different account offerings Experienced traders looking for trading platform variety
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 0 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus) FSAS (Seychelles)	IFSC (International Financial Services Commission of Belize)
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 asset offering with more than 13,000+ instruments Great platform variety (MT4, MT5, cTrader and their own proprietary platforms) Custom account types with spreads from 0 pips
The Bad
Platform offering is limited to only MT4 and MT5 High minimum deposit for SquaredElite account (5,000 €)	Weak regulatory framework (counting on 1 license from the IFSC) Doesn’t accept clients from the UK, EU and a few other countries
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	2009
💳 Minimum Deposit
250 € (SquaredPro Account), 5,000 € SquaredElite Account	$10
💰 Payment Methods
Visa Mastercard Bank Transfer Neteller Skrill Instatransfer	Visa Mastercard JCB AstroPay Skrill Neteller Perfect Money AdvCash NganLuong Wallet Bank transfers (SEPA, local and several options per country)
💵 Account Base Currencies
5 - EUR, USD, GBP, CHF, ZAR.	4 - USD, EUR, CNY, GOLD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, IR, SY.	US, CA, JP, AU, BQ, CW, TL, RU, GQ, FM, MP, SJ, SS, UK, European Union.
📊 STP Account
Yes	Yes
📊 DMA Account
Yes	No
📊 ECN Account
Yes	Yes
Assets
📚 Available Assets
Real stocks and ETFs CFDs on stocks, ETFs, commodities, currencies, indices, futures, cryptocurrencies.	CFDs on currencies, commodities, stocks, indices, ETFs and cryptocurrencies
📙 Stocks
8,000 Real Stocks / 8,000 Stock CFDs	12,000+
📘 Currency Pairs
40+	40+
📗 Commodities
5	100+
📕 Indices
15	50+
📔 ETFs
1,000 ETFs CFDs	1,000+
💸 Cryptocurrencies
25+	16
📒 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 RoboForex’s assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
1 Share	Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)
📉 Minimum ETFs Trade Size
1 ETF	Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC)	Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)
📈 Minimum Commodities Trade Size
Varies per Commodity (Eg: 1 Gold Contract)	Depends on each platform: from $1,000 (0.01 Lots) to $10,000 (0.1 Lots)
📉 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 1:2000
💪 Professional Leverage
Up to 1:500	N/A
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
No	Yes
📱 Android App
No	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	Yes
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	Yes
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	Yes
Fees
💰 Inactivity Fee
No	No
💰 Deposit Fees
No	No
💰 Withdrawal Fees
No	Yes for some methods (eg: Some bank withdrawals can cost up to 1.5% of the amount)
💰 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 €)	Yes depending on account type (eg: for ECN accounts there are commissions up to $20).
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.2 Pips	Dynamic - From 0 Pips depending on account type, 1.4 Pips on Average
📉 SP500
Dynamic - From 150 Pips	Dynamic - Market Spread
📈 GOLD
Dynamic - From 110 Pips	Dynamic - From 17 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Dynamic - Market Spread
📉 BTC
Dynamic - From $250	Dynamic - From $220
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No