SquaredFinancial
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63.2% of retail CFD accounts lose money.

Vs.

Tickmill
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61% of retail CFD accounts lose money.

SquaredFinancial Vs. Tickmill - Compare and Choose the Right One

Updated May 13 2022

Visit

63.2% of retail CFD accounts lose money.

Visit

61% 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.

Tickmill is an international CFD broker headquartered in Cyprus that specialises in currency trading paired with MetaTrader 4 and 5 platforms.

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
  • Professional currency traders looking to exploit their account offering with low spreads
  • Traders familiar with both MetaTrader 4 or 5 platforms with the intent to trade currencies
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

1

Other Licenses

4

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FSAS (Seychelles)
  • CySec (Cyprus)
  • FSA (Seychelles)
  • FCA (UK)
  • FSA (Labuan)
  • FSCA (South Africa)
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
  • Very low and competitive spreads depending on the account type
  • Leverage can be either removed or customised for the whole account
The Bad
  • Platform offering is limited to only MT4 and MT5
  • High minimum deposit for SquaredElite account (5,000 €)
  • Extremely low asset offering (over 80+ instruments in total)
  • All of Tickmill’s assets are CFDs (users can’t purchase real stocks or ETFs)
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 2014
    💳 Minimum Deposit

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

    $, €, £ - 100
    💰 Payment Methods
    • Visa
    • Mastercard
    • Bank Transfer
    • Neteller
    • Skrill
    • Instatransfer
    • Bank Transfer
    • Visa
    • Mastercard
    • Skrill
    • Neteller
    • DotPay
    • Paypal
    💵 Account Base Currencies
    5 - EUR, USD, GBP, CHF, ZAR. 4 - USD, EUR, GBP, PLN
    🗽 Available to U.S Citizens
    No No
    ❌ Restricted Countries
    US, CA, IR, SY. US, CA, SY, IR.
    📊 STP Account
    Yes No
    📊 DMA Account
    Yes No
    📊 ECN Account
    Yes No
    Assets
    📚 Available Assets
    • Real stocks and ETFs
    • CFDs on stocks, ETFs, commodities, currencies, indices, futures, cryptocurrencies.

    CFDs on currencies, indices, commodities, bonds and cryptocurrencies

    📙 Stocks
    8,000 Real Stocks / 8,000 Stock CFDs N/A
    📘 Currency Pairs
    40+ 62
    📗 Commodities
    5 4
    📕 Indices
    15 14
    📔 ETFs
    1,000 ETFs CFDs N/A
    💸 Cryptocurrencies
    25+ 3
    📒 Bonds
    N/A 4
    📓 Options
    N/A N/A
    📗 Futures
    16 N/A
    📝 Notes:

    SquaredFinancial provides real stocks along with CFDs on the most common asset classes.

    Tickmill’s asset offering is exclusively made of CFDs.

    Trading Experience
    📈 Minimum Stock Trade Size
    1 Share N/A
    📉 Minimum ETFs Trade Size
    1 ETF N/A
    📈 Minimum Crypto Trade Size
    Varies per Cryptocurrency (Eg: 0.01 BTC) $1,000 (0.01 Lots)
    📉 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
    N/A $1,000 (0.01 Lots)
    📈 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 Yes, for the whole account.
    🎲 Deleveraged Trading
    Yes Yes
    🎓 Demo Account
    Yes Yes
    📱 IOS App
    No Yes (only for account management)
    📱 Android App
    No Yes (only for account management)
    📺 MetaTrader 4
    Yes Yes
    📺 MetaTrader 5
    Yes Yes
    💻 Web trader
    Yes Yes
    💻 TradingView Platform
    No No
    💻 Proprietary Platform
    No No
    📊 Multi-chart Tools
    Yes Yes
    👬 Copy Trading
    No Yes
    👫 Social Trading
    No No
    🔑 Guaranteed Stop-loss
    No No
    🔨 Trailing Stop-loss
    No No
    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 €)

    Depending on account type:

    • Classic account has no commissions
    • Pro account has a commission of 2 units of your base currency round turn per lot
    • VIP account has a commission of 1 unit of your base currency round turn per lot 
    Spreads
    📈 EUR/USD
    Dynamic - From 0 to 1.2 Pips

    From 0 pips up to 1.6 Pips (Depending on account type)

    📉 SP500
    Dynamic - From 150 Pips From 39 Pips
    📈 GOLD
    Dynamic - From 110 Pips From 24 Pips
    📉 TSLA (Stock CFD)
    Dynamic - Market Spread N/A
    📈 XLK (ETF - CFD)
    Dynamic - Market Spread N/A
    📉 BTC
    Dynamic - From $250 Dynamic - From $128.2
    Research and Analysis
    ⭐ Watchlists
    Yes Yes
    🔭 Stock Screener
    No No
    🗓 Economic Calendar
    Yes Yes
    📜 Integrated Newsfeed
    No No
    📡 Reuters Feed
    No No

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