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


Visit 69.9% of retail CFD accounts lose money.	Visit 79% 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.	XTB is an international broker specialised in CFD trading and low cost forex spreads.
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	Experienced forex traders looking for low spreads Experienced stock traders looking for trading particular stocks under low spreads (with commission)
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 2 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus) FSAS (Seychelles)	CySec (Cyprus) FCA (UK) CMNV (Spain) UKNF (Poland)
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	Low forex & stock spreads Professional platform with customisable layouts
The Bad
Platform offering is limited to only MT4 and MT5 High minimum deposit for SquaredElite account (5,000 €)	No ability to remove or customise leverage High commissions on stocks & ETFs All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
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	2002
💳 Minimum Deposit Range
250 € (SquaredPro Account), 5,000 € SquaredElite Account	0
💰 Payment Methods
Visa Mastercard Bank Transfer Neteller Skrill Instatransfer	Visa Mastercard Bank Transfer Sofort Neteller Paypal Skrill
💵 Account Base Currencies
5 - EUR, USD, GBP, CHF, ZAR.	5 - USD, GBP, EUR, PLN, HUF.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, IR, SY.	US, SY, IR.
📊 STP Account
Yes	Yes
📊 DMA Account
Yes	No
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
Hybrid	CFDs
Total Asset Offering
17,101	2,131
Exchange Access
0	0
📙 Real Stocks
8,000	0
📙 Stock CFDs
8,000	1,877
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
40	57
📗 Commodities
0	0
📗 Commodities CFDs
5	21
📕 Indices
0	0
📕 Indices CFDs
15	36
📔 ETFs
0	0
📔 ETFs CFDs
1,000	135
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
25	5
📒 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	$50 trade value
📉 Minimum ETFs Trade Size
1 ETF	$50 trade value
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC)	Varies by Crypto (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)	Varies by Commoditty (Eg: 0.01 Troy ounces of Gold)
📉 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	No
🎓 Demo Account
Yes	Yes
📱 IOS App
No	Yes
📱 Android App
No	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	Yes
Fees
💰 Inactivity Fee
None	$10 monthly after 1 year of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 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 €)	For Stocks and ETFs there is an 0.08% commission with $8 minimum.
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.2 Pips	Dynamic - From 0 to 0.8 Pips
📉 SP500
Dynamic - From 150 Pips	Dynamic - From 50 Pips
📈 GOLD
Dynamic - From 110 Pips	Dynamic - From 35 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 $120
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	Yes
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
No	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	Yes
📡 Live Chat Support
No	No
📡 Video Tutorials
No	No
📡 Account Management
Yes	No
📡 Webinars
No	Yes