SquaredFinancial Vs. XM - Compare Trustworthiness, Capabilities, Fees and Legitimacy

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.

XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.

• 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

• Experienced traders looking to trade shares in high volume using their Zero account
• MetaTrader users wishing to explore XM's offering while maintaining their preferred platforms

• CySec (Cyprus)
• FSAS (Seychelles)

• ASIC (Australia)
• CySec (Cyprus)
• ADGM (United Arab Emirates)

• 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

• Competitive commissions on their Zero account
• Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)

• Platform offering is limited to only MT4 and MT5
• High minimum deposit for SquaredElite account (5,000 €)

• No proprietary platforms or technology
• Expensive spreads and trading fees
• Lack of asset variety when compared to other brokers in the same range

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• 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.

• Visa
• Mastercard
• Bank Transfer
• Neteller
• Skrill
• Instatransfer

• Visa
• Mastercard
• Bank Transfer
• Neteller
• Skrill

US, CA, IR, SY.

US, CA.

Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.

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 on Zero accounts ($7 per lot round turn).