SquaredFinancial
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63.2% of retail CFD accounts lose money.

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Skilling
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SquaredFinancial Vs. Skilling - Compare and Choose the Right One

Updated Jan 08 2022

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63.2% of retail CFD accounts lose money.

Visit

Your Capital is at risk.

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.

Skilling is a multi-platform global broker founded in 2016 that specialises in 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
  • Forex traders who want relatively straightforward, intuitive platforms with low commissions
  • Beginner traders who need assistance implementing first trades
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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
  • Multiple intuitive platforms for traders with different levels of experience
  • Several payment methods for deposits and withdrawals
  • No commission for standard accounts
  • Trade Assistant tool is great for beginners opening their first trade
The Bad
  • Platform offering is limited to only MT4 and MT5
  • There is no weekend trading enabled for cryptocurrencies
  • High minimum deposit for SquaredElite account (5,000 €)
  • Doesn’t allow deleveragred trading or customizable leverage
  • Charges commission on forex and spot metal trading for premium accounts 
  • Asset offering is not that comprehensive
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 documents (Passport, ID card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder’s name.

🏛 Financial Regulators
  • CySec (Cyprus)
  • FSA (Seychelles)
  • CySec (Cyprus)
  • FSA (Seychelles)
📍 Year Founded
2005 2016
💳 Minimum Deposit

250 € (SquaredPro Account), 5,000 € SquaredElite Account

$, €, £ - 100 (Standard, MT4), 5,000 (Premium, MT4 Premium)
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Instatransfer
  • Visa
  • Mastercard
  • Fasapay
  • Webmoney
  • PayRetailers
  • PayTrust
  • Pagsmile
  • Directa
  • NganLuong.vn
  • UnionPay
  • Skrill
  • Neteller
  • Bank Transfer
💵 Account Base Currencies
4 - EUR, USD, GBP, CHF. 5 - EUR, USD, GBP, NOK, SEK.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, IR, SY. US, SY, IR.
📊 STP Account
No Yes - depending on product traded, available liquidity and trade size
📊 DMA Account
Yes No
📊 ECN Account
No No
Assets
📚 Available Assets
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, commodities, currencies, indices, futures, cryptocurrencies.

CFDs on stocks, currencies, commodities, cryptocurrencies, indices and ETFs

📙 Stocks
8,000 Real Stocks / 8,000 Stock CFDs 762
📘 Currency Pairs
40+ 73
📗 Commodities
5 6
📕 Indices
15 18
📔 ETFs
1,000 ETFs CFDs 45
💸 Cryptocurrencies
13 34
📒 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 Skilling’s assets are CFDs

Trading Experience
📈 Minimum Stock Trade Size
1 Share Varies per share - From 0.1 shares (Fractional trading)
📉 Minimum ETFs Trade Size
1 ETF Varies per ETF (Eg: VanEck Gold Miners 0.1 unit, XLK 1 unit)
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC) Varies per Cryptocurrency (Eg: 0.01 BTC, 0.5 LTC)
📉 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) Varies per commodity (eg: Gold 0.1 contracts, Silver 10 contracts)
📉 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 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 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, for cTrader, MT4 and MT4 Premium accounts
Fees
💰 Inactivity Fee
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 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 €)

Skilling charges commission on its forex pairs and spot metals for its premium account. The commission starts from $35 per million USD traded (eg: EUR/USD $35, GBP/USD $40 and Gold $60)

Spreads
📈 EUR/USD
Dynamic - From 0 to 1.2 Pips Dynamic - From 0 to 1.3 Pips
📉 SP500
Dynamic - From 150 Pips Dynamic - From 120 Pips
📈 GOLD
Dynamic - From 110 Pips Dynamic - From 36 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $4.62
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - From $0.84
📉 BTC
Dynamic - From $250 Dynamic - From $131.8
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No

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