SquaredFinancial
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69.9% of retail CFD accounts lose money.

Vs.

Robomarkets
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72.72% of retail CFD accounts lose money.

SquaredFinancial Vs. Robomarkets - Compare and Choose the Right One

Updated Oct 20 2022

Visit

69.9% of retail CFD accounts lose money.

Visit

72.72% 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.

Founded in 2012, RoboMarkets offers five different types of accounts, including its proprietary R Stock Trader and ProCents accounts, with access to 12,000 instruments. The different accounts offer different spreads and investment instruments.

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
  • Traders interested in trading U.S. equities, ETFS with access to 3,000 stocks
  • Traders looking for a mix of CFDs and stocks through R Stock Trader
  • Traders seeking small investments through its ProCents account
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)
  • CySec (Cyprus)
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
  • Five different types of accounts for different types of investors, offers copy trading
  • Access to 12,000+ investment instruments, including 3,000 U.S. stocks
  • No inactivity or deposit fee
  • Offers five base currencies, including GOLD, and remote VPS Server
The Bad
  • Platform offering is limited to only MT4 and MT5
  • High minimum deposit for SquaredElite account (5,000 €)
  • Withdrawals fees (EG: 2.4% on Visa and Mastercard, 2% for PayPal)
  • No integrated news feed on trading platforms
  • Serves only European Union Markets
  • Limited commodities to trade
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

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 2012
💳 Minimum Deposit Range
250 € (SquaredPro Account), 5,000 € SquaredElite Account $100
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Instatransfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller e-wallets
  • PayPal
  • Webmoney
  • Fasapay
  • Wire transfers
💵 Account Base Currencies
5 - EUR, USD, GBP, CHF, ZAR. 5 - EUR, USD, GBP, CHF, GOLD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, IR, SY.

US, CA, SY (Available only for EU Citizens).

📊 STP Account
Yes No
📊 DMA Account
Yes Yes
📊 ECN Account
Yes Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
Hybrid Hybrid
Total Asset Offering
17,101 26,061
Exchange Access
0 0
📙 Real Stocks
8,000 12,000
📙 Stock CFDs
8,000 12,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
40 35
📗 Commodities
0 0
📗 Commodities CFDs
5 3
📕 Indices
0 0
📕 Indices CFDs
15 9
📔 ETFs
0 1,000
📔 ETFs CFDs
1,000 1,000
💸 Cryptocurrencies
0 14
💸 Cryptocurrency CFDs
25 0
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
16 0
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) Varies per cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies per Commodity (Eg: 1 Gold Contract) $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Varies per future (Eg: 1 Contract) Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes No
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
📺 cTrader
No No
💻 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
None None
💰 Deposit Fees
None None
💰 Withdrawal Fees
None

Yes (Eg: Visa/Mastercard fee 2.4%, PayPal 2% and Netteller (1.9%).

💰 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 €)

Varies per product (Eg. ETF Pro $0.0045/share).

Spreads
📈 EUR/USD
Dynamic - From 0 to 1.2 Pips Dynamic - From 0.3 Pips
📉 SP500
Dynamic - From 150 Pips Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 110 Pips Dynamic - From 25 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $0.25 to $0.55
📈 XLK (ETF - CFD)
Dynamic - Market Spread Unavailable
📉 BTC
Dynamic - From $250 Dynamic - From $100 to $500
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No
📡 Educational Content
Yes No
📡 Live Chat Support
No Yes
📡 Video Tutorials
No No
📡 Account Management
Yes Yes
📡 Webinars
No No