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About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

squaredfinancial

Seychelles Seychelles | 10-15 years |
ECN Account Regulated in Cyprus | Derivatives Trading License (MM) | Self-developed | Suspicious Operational Region | High Potential Risk | Offshore Regulation

https://www.sqfin.com/?owa_do=base.loginForm

Website

Rating Index

Regulation 7.25 Tech 8.42 Reputation 6.89 Business 7.87 Risk Control 7.96
7.35

Influence

Influence

C

Influence Index NO.1

Nigeria Nigeria 3.25
Surpassed 73.50% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+248 4671943
https://www.sqfin.com/?owa_do=base.loginForm
Commercial House 1, Office no 4, Eden Island, Mahe, Seychelles
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
WikiFX Risk Alerts
  • WikiFX has recorded a total of 54 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.
A Visit to SQUAREDFINANCIAL in Cyprus - Office Found
A Visit to SQUAREDFINANCIAL in Cyprus - Office Found
A Visit to SQUAREDFINANCIAL in Cyprus - Office Found
WikiFX Survey
squaredfinancial
模块说明(前端未翻译)
squaredfinancial Cyprus
 A Visit to SQUAREDFINANCIAL in Seychelles - Office Found
 A Visit to SQUAREDFINANCIAL in Seychelles - Office Found
 A Visit to SQUAREDFINANCIAL in Seychelles - Office Found
WikiFX Survey
squaredfinancial
模块说明(前端未翻译)
squaredfinancial Seychelles
Visiting broker SquaredDirect in Cyprus
Visiting broker SquaredDirect in Cyprus
Visiting broker SquaredDirect in Cyprus
WikiFX Survey
squaredfinancial
模块说明(前端未翻译)
Great
squaredfinancial Cyprus
A Visit to SQUAREDFINANCIAL in Cyprus - Office Found
A Visit to SQUAREDFINANCIAL in Cyprus - Office Found
A Visit to SQUAREDFINANCIAL in Cyprus - Office Found
WikiFX Survey
squaredfinancial
模块说明(前端未翻译)
squaredfinancial Cyprus
FX3585729485

FX3585729485

Unverified

Malaysia

why not approve my fund withdraw? and why cancel /delete my log in account?

FX3585729485

FX3585729485

Unverified

Malaysia

I withdraw my fund at 31/5/2026 and 1/6/2026 until NOW nobody reply me and block me at the same time. They call that before system is update actually they remove me in they system. And now I can't log in anymore. I hope that someone can soft my problem.

FX4118007986

FX4118007986

Unverified

Hong Kong

It has probably run away. It also didn't reply to my emails.

FX1289611927

FX1289611927

Unverified

Malaysia

I am exposing Squared Financial (SQ Sey Ltd / Seychelles FSA License SD024) for withholding my funds and completely cutting off my access without explanation.The Problem: I cannot log into the client portal. My MT4 trading platform shows "No Connection" / "Invalid Account". They have blocked my trading terminal entirely.No Support: I sent an official manual withdrawal request to support@sqfin.com, but they have gone completely silent. They refuse to answer emails or give me my money.Status: I have already escalated this and filed an official complaint with the Seychelles Financial Services Authority (FSA).Do not deposit any money with Squared Financial. They are blocking Southeast Asian clients from accessing their capital. I demand that their compliance team contacts me immediately to process my withdrawal manually.MT4 Account: 13****, Country: Malaysia

woodrow

woodrow

Authenticated
Unverified

Hong Kong

I received a reply email from squaredfinancial today, and I'm really upset that the balance in my account is gone. If this is the case, I urge everyone to stop using offshore forex platforms. To anyone reading this, regardless of the platform, if you're transferring money to a personal account and have an offshore account, withdraw your funds immediately and stop trading. Don't even think about making money here. These platforms will never let you profit. They're all gambling platforms. Your profits are the platform's losses. They don't even have the logic of accepting the consequences of your bet. You'd be better off going to a legal casino, where if you win, they'll respectfully give you your money. These forex platforms are truly ruthless.

Kevin74236

Kevin74236

Unverified

Hong Kong

Squaredfinancial, after deducting 1702 from my MT4 account, is not issuing withdrawals, not replying to emails, and I cannot contact customer service.

sxy

sxy

Unverified

Hong Kong

The platform stopped trading, withdrawals are impossible, emails are unanswered, and everything has simply disappeared.

woodrow

woodrow

Authenticated
Unverified

Hong Kong

There are no withdrawal records, customer service is gone, emails are not being replied to, and the market has not been open for two consecutive days. Are they going to run away with the money?

63
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MT4/5

Properly licensed MetaTrader brokers provide robust systems and continuous support, backed by mature operations, advanced technology, and strong risk controls.

Trading Apps
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iOS 2
Android 1
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SquaredFinancial Forex Trading
Trade Stocks, crypto, Options & CFDs in one app. Fast, secure, 24/7
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SquaredFinancial Forex Trading
Trade Stocks Crypto & Options
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SQ Trader
Not your typical trading app
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  • Germany squareddirect.com
    18.185.4.219
  • Singapore sqfinfx.com
    8.222.142.8
  • United States sqfin.sc
    54.192.18.26
  • Hong Kong portal-sq.io
    43.198.253.235
  • United States portal-sq.com
    13.32.50.71
  • United States sq-portal.io
    13.32.50.32
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SquaredFinancial

SquaredFinancial

1.69
Score
5-10 yearsQuestionable Regulatory LicenseSuspicious Operational RegionHigh Potential Risk

Company Profile

Company Profile

Review summary

SQUAREDFINANCIAL Review Summary
Founded2022
Registered Country/RegionCyprus
RegulationCYSEC, AMF, FSA, CNMV
Market InstrumentsForex, Metals, Indices, Energy, Stocks, Futures, Cryptocurrencies
Demo Account✅
Islamic Account✅
LeverageUp to 1:500
SpreadFrom 0 pips
Trading PlatformMobile App, MT4, MT5
Min Deposit$50
Customer Support24/5 support
Contact form
Tel: 002484671943
Enail: support@sqfin.com, complaints@sqfin.com
Company Address: Commercial House 1, Office no 4, Eden Island, Mahe, Seychelles
Regional RestrictionsUK, USA, Canada, Australia, New Zealand, Iran, North Korea, and Myanmar (Burma)

Founded in 2022, SQUAREDFINANCIAL is a regulated broker registered inCyprus, offering trading in Forex, Metals, Indices, Energy, Stocks, Futures, and Cryptocurrencies with leverage up to 1:500 and spread from 0 pips through Mobile App, MT4, and MT5 platfforms. Demo accounts are available and the minimum deposit to open a live account is just $50.

SquaredFinancial's homepage

Pros and Cons

ProsCons
Regulated by CYSEC, AMF, FSA, CNMVNot accept e-wallet payments
Various market offeringsNo live chat support
Demo accounts availableRegional restrictions
Commission-free account offered
MT4 and MT5 supported
Low minimum deposit

Is SQUAREDFINANCIAL Legit?

SquaredFinancial complies with the guidelines established by several important regulatory bodies:

Cyprus Securities and Exchange Commission (CySEC): SquaredFinancial is regulated under license number 329/17.

Autorité des Marchés Financiers (AMF): In France, SquaredFinancial operates under license number 71593.

Seychelles Financial Services Authority (FSA): For its offshore operations, SquaredFinancial is regulated under license number SD024.

Comisión Nacional del Mercado de Valores (CNMV): In Spain, the firm is regulated under license number 4421.

Regulated CountryRegulated AuthorityRegulatory Status Regulated EntityLicense TypeLicense Number
Cyprus
Cyprus Securities and Exchange Commission (CySEC)RegulatedSquared Financial (CY) LtdMarket Making (MM)329/17
France
The Autorité des Marchés Financiers (AMF)RegulatedSquared Financial (CY) LtdRetail Forex License71593
Seychelles
The Seychelles Financial Services Authority (FSA)Offshore RegulatedSquared Financial (CY) LtdRetail Forex LicenseSD024
Spain
Comisión Nacional del Mercado de valores (CNMV)RegulatedSquared Financial (CY) LtdRetail Forex License4421
Regulated by CySEC
Regulated by AMF
Offshore regulated by FSA
Regulated by CNMV

What Can I Trade on SQUAREDFINANCIAL?

SqaredFinancial offers over 10,000 financial instruments across 7 asset classes, Forex, Metals, Indices, Energy, Stocks, Futures, and Cryptocurrencies.

Trading AssetAvailable
forex✔
metals✔
indices✔
energy✔
stocks ✔
futures✔
cryptocurrencies✔
bonds❌
options❌
ETFs❌
What Can I Trade on SQUAREDFINANCIAL?

Account Type/Fees

Squared Financial offers two typesof live accounts with varying trading costs.

Account TypeSquared ProSquared Elite
Accepted CurrenciesEUR, USD, GBP, CHF
Max Leverage1:500
Avg EUR/USD SpreadFrom 1.6 pipsFrom 0.0 pips
Commission❌$7 per lot

Additionally, this platform offers Islamic (swap-free) accounts that have exactly the same trading terms and conditions as our regular trading account types.

Account comparison

Leverage

Squared Financial offers leverage up to 1:500 for both account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform

Squared Financial offers a variety of trading platforms including the popular MetaTrader 4 and MetaTrader 5 platforms as well as their own SquaredFinancial Mobile App.

Trading PlatformSupported Available Devices Suitable for
Mobile App✔Mobile/
MT4✔Desktop, Mobile, WebBeginners
MT5✔Desktop, Mobile, WebExperienced traders

Deposit and Withdrawal

Squared Financial accepts deposits and withdrawals via Bank Transfer, Visa, MasterCard, cryptocurrencies, Insta Transfer, etc.

Payment methods

Company Profile

  • 10-15 years
  • Regulated in Cyprus
  • Regulated in Australia
  • Regulated in Seychelles
  • Derivatives Trading License (MM)
  • Inst Forex Execution (STP)
  • Derivatives Trading License (EP)
  • Self-developed
  • Suspicious Operational Region
  • High Potential Risk
  • Offshore Regulation

News

SQUAREDFINANCIAL Review: Withdrawal Requests Go Unanswered as Clients Report Locked Accounts

Exposure SQUAREDFINANCIAL Review: Withdrawal Requests Go Unanswered as Clients Report Locked Accounts

SQUAREDFINANCIAL holds CySEC and ASIC licences, but recent user complaints focus on withdrawal requests going unanswered and accounts being locked, with several reports naming the offshore Seychelles entity. This review maps the complaint pattern and what to check before trading.

SQUAREDFINANCIAL Review: Withdrawals Blocked and Platform Goes Silent , What Traders Need to Know

Exposure SQUAREDFINANCIAL Review: Withdrawals Blocked and Platform Goes Silent , What Traders Need to Know

SQUAREDFINANCIAL faces a wave of user complaints between May and July 2026, with clients reporting locked accounts, blocked withdrawals, and silent customer support. Despite holding CySEC and ASIC licenses, the broker's WikiFX score sits at 1.65 out of 10.

squaredfinancial Review 2026: Regulation, Withdrawal Complaints, and Account Access Risks

Exposure squaredfinancial Review 2026: Regulation, Withdrawal Complaints, and Account Access Risks

squaredfinancial shows stronger regulatory coverage than many offshore-only brokers, with ASIC and CySEC regulation plus Seychelles FSA offshore regulation and a WikiFX Score of 7.35. The main risk is not licensing on paper, but the heavy complaint pattern involving withdrawals, profit deductions, account access problems, and slow or absent support.

SquaredFinancial Ends CySEC CIF License Operations

News SquaredFinancial Ends CySEC CIF License Operations

Cyprus broker SquaredFinancial winds down CySEC CIF license, shifting FX broker and CFDs clients amid regulatory transition.

SquaredFinancial offers Trump & Melania meme coins

News SquaredFinancial offers Trump & Melania meme coins

SquaredFinancial announced the addition of the new Trump and Melania meme coins to its crypto offerings. This gives investors more opportunities to access popular markets and diversify their trading options.

SQUARED FINANCIAL: Your Friend or Foe?

News SQUARED FINANCIAL: Your Friend or Foe?

Founded in 2022, SQUAREDFINANCIAL is a regulated broker registered in Cyprus, offering to trade in Forex, Metals, Indices, Energy, Stocks, Futures, and Cryptocurrencies with leverage up to 1:500 and spread from 0 pips through Mobile App, MT4, and MT5 platforms. Demo accounts are available and the minimum deposit to open a live account is just $50.

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Wiki Q&A

Is squaredfinancial safe and reliable?

According to WikiFX data, squaredfinancial has a core score of 7.35 and is classified as regulated. The brand operates through multiple entities: Squared Financial (CY) Ltd is regulated by CySEC (license 329/17), SQ AUS PTY LIMITED is regulated by ASIC (license 473495), and SQ Sey Ltd holds an offshore regulation from the Seychelles FSA (license SD024). WikiFX assessment indicates the broker has 10-15 years of operating history. Regulatory protection depends on the specific entity, license status, product, and client jurisdiction. While the broker exhibits a regulatory framework and a moderate WikiFX score, these factors do not guarantee safety or reliability. Prospective users should verify the applicable entity and license for their jurisdiction.

15h
United States

Is squaredfinancial regulated?

According to WikiFX data, squaredfinancial is classified as regulated. The license list includes: CySEC (Cyprus) – Derivatives Trading License (MM), license number 329/17, held by Squared Financial (CY) Ltd, status: Regulated. ASIC (Australia) – Inst Forex Execution (STP), license number 473495, held by SQ AUS PTY LIMITED, status: Regulated. Seychelles FSA – Derivatives Trading License (EP), license number SD024, held by SQ Sey Ltd, status: Offshore Regulation. The broker's description also mentions a general financial license from the Irish Financial Services Regulatory Authority (IFSRA), but details are not included in the license list. Users should note that licenses apply to specific legal entities and may not cover all services or jurisdictions.

15h
United States

What is the minimum deposit of squaredfinancial?

According to WikiFX data, the minimum deposit varies by account type. SquaredPro has an entry condition of 0 USD, while SquaredElite requires 500 USD. For the Islamic account, the minimum deposit is not specified. Therefore, the lowest listed minimum deposit is 0 USD for the SquaredPro account.

15h
United States

Does squaredfinancial support MT4 or MT5?

According to WikiFX data, there is no explicit platform support list. However, user reports reference MT4 trading terminals and MT4 account numbers, indicating that MT4 is used. MT5 is not mentioned in the WikiFX information. For a definitive answer, users may need to consult the broker's official channels.

15h
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com