SQUAREDFINANCIAL Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-05-10 11:41

Abstract：Squared Financial was founded in 2005 by a group of experienced financial services professionals to provide online trading services to individual and institutional investors, with its administrative center located in Limassol, Cyprus. The company is currently authorized and regulated by the Cyprus Securities and Exchange Commission (license number: 329/17) and also holds a general financial license issued by the Irish Financial Services Regulatory Authority (IFSRA).

　　Basic Information & Regulators of SQUARED FINANCIAL

　　Squared Financial was founded in 2005 by a group of experienced financial services professionals to provide online trading services to individual and institutional investors, with its administrative center located in Limassol, Cyprus. The company is currently authorized and regulated by the Cyprus Securities and Exchange Commission (license number: 329/17) and also holds a general financial license issued by the Irish Financial Services Regulatory Authority (IFSRA).

　　Safety Analysis of SQUARED FINANCIAL

　　Squared Financial holds a cross-border CySEC license authorizing the provision of investment services. The company complies with EU and local regulations such as the European Markets in Financial Instruments Directive II and the Cyprus Investment Services and Activities and Regulated Markets Law. CFDs are responsible financial instruments with a high risk of rapid losses. According to the company, 79% of their retail investor accounts experience losses.

　　Market Instruments

　　The company offers investors over 120 trading products in 6 different asset classes, i.e., a selection of CFDs on Forex, precious metals, energy, futures, stocks, and global indices.

　　Leverage & Account of SQUARED FINANCIAL

　　To meet different traders' trading needs and experience, the company offers two different types of accounts, namely the Pro account (minimum deposit of $0) and the Elite account (minimum deposit of $5,000). The trading leverage is 1:50 for indices and energies and 1:10 to 1:50 for soft commodities. Leverage is 1:200 for Forex products in the Pro account and 1:30 in the Elite account. Leverage is up to 1:200 for precious metals.

　　Spreads & Commission Fees

　　Professional accounts are commission-free accounts with spreads starting from 1.2 pips; Elite accounts have a spread of 0.0 pips and a commission of $5 per lot traded.

　　Trading Platform Applied of SQUARED FINANCIAL

　　Squared Financial offers traders the market-leading MT4 and MT5 trading platforms. Traders can create custom layouts and templates to suit their trading market and style with MT4, efficient, user-friendly, and flexible, available for Apple IOS and Android systems. MT5 is the best choice for modern traders, with a market depth system and a separate order and trade accounting system. It is a highly-versatile trading platform offering a wide range of excellent trading possibilities and embedded expert market analysis tools.

　　Deposit & Withdrawal

　　Squared Financial welcomes several methods for traders to deposit and withdraw funds: Visa, MasterCard, Maestro, Wire Transfer, Skrill, NETELLER, UnionPay, and Alipay.