Score

6.50 /10
Average

squaredfinancial

Seychelles

10-15 years

Regulated in Cyprus

Derivatives Trading License (MM)

MT4 Full License

Global Business

High Potential Risk

Offshore Regulation

AA
C

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Comparison

Quantity 45

Exposure

Open Account
Website

Score

Regulatory Index6.72

Business Index8.00

Risk Management Index0.00

Software Index9.51

License Index6.72

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

SQ Sey Ltd

Company Abbreviation

squaredfinancial

Platform registered country and region

Seychelles

Company website

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Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2026-05-18
  • WikiFX has recorded a total of 41 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.

WikiFX Verification

squaredfinancial · Benchmark
Average transaction speed(ms)
413 Good
The highest transaction speed(ms)
265
The highest speed of opening positions(ms)
291
The highest speed of closing position(ms)
265
The lowest speed of opening positions(ms)
1156 Great
The lowest speed of closing position(ms)
1140 Good
Ranking: 47 / 118
Test user 352
Transactions 17,482
Ocuppied margin $3,507,434 USD
Data Source WikiFX Data provide
Updated: 2026-05-15 01:05:00
Pyramid scheme complaint
Expose
Resolved

Unable to withdraw

For example, if you have a $3,000 investment that has yielded a profit of over $20,000 in a year, and you made several withdrawals of $1,350 each, but your last withdrawal of $2,000 was rejected, and you then contacted the platform's customer service to request a refund of your principal and forgo the profits, your application for $1,650 was immediately approved and the funds arrived within minutes.

2026-04-04 19:25
Unable to Withdraw

Warning! SquaredFinancial's painful experience: Under normal trading conditions, withdrawals were restricted without any reason.

Warning! My painful experience with SquaredFinancial: Under normal trading conditions, withdrawal was restricted without any reason! Exposing the fraudulent practices of this forex platform with real-name verification! Full evidence attached. On July 8, 2025, I came into contact with this forex platform, registered, and deposited $500. Throughout, I traded normally and made regular deposits and withdrawals. However, on July 10, 2025, when attempting to withdraw $610, the platform directly refused without any reason. The account manager cited regulatory routine checks and demanded: 1. A no-criminal-record certificate, 2. A bank-issued asset statement, 3. A video of me holding my ID card (front and back) explaining whether trades were self-executed or managed by others, and 4. A video of cryptocurrency deposits showing my name and deposit amount. **No email notification**: From start to finish, I traded normally and made regular withdrawals without receiving any notice about account issues. **Funds frozen without withdrawal**: The withdrawal was blocked, and the next day during communication, the platform deducted 943.84 from my funds without justification. Online support kept redirecting me to the account manager, who then passed me to risk control—endless buck-passing, but no resolution. I now formally accuse SquaredFinancial in my real name!

2025-08-09 21:54
Others

Trading was restricted,Withdrawal rejected, resulting in significant financial losses in my account

To my surprise, on Friday, August 15th, after making my fourth withdrawal, I attempted to make a 1-lot transaction as usual but failed. At first, I thought it might be an IMR limitation of Squaridfinance, so I tried 0.5 hands, but it was also rejected. I thought maybe this was just a quirk of Squared Finance Friday, so I calmed down. But on Monday, the same problem reappeared! I couldn't even execute 0.4 hands, which ultimately resulted in a loss of funds for me. I feel really sorry

2025-08-27 20:44
Unable to Withdraw

**Trash 'squared' finance, get out of the mainland!!!**

Warning! My painful experience with SquaredFinancial: Under normal trading conditions, withdrawals were restricted without any reason! Exposing the fraudulent behavior of this forex platform with real-name evidence! Full evidence attached. I came into contact with this forex platform on July 8, 2025, registered, and deposited $500. Throughout the process, I traded normally and made regular deposits and withdrawals. However, on July 10, 2025, when I attempted to withdraw $610, the platform directly refused without any reason. The account manager cited regulatory routine checks and demanded: 1. A certificate of no criminal record, 2. A bank-issued asset certificate, 3. A video of me holding my ID card (front and back) explaining whether the trades were self-operated or managed by others, and 4. A video of cryptocurrency deposits, including my name and deposit amount. **No email notification**: I traded and withdrew funds normally the entire time without receiving any notice about account issues. **Funds frozen without withdrawal permission**: The withdrawal was blocked. The next day during communication, the platform deducted the funds 943.84 without justification. Online customer service kept redirecting me to the account manager, who then shifted responsibility to the platform's risk control—endless buck-passing, refusing to process the withdrawal. I am now filing a real-name complaint against SquaredFinancial!

2025-07-21 17:41
Unable to Withdraw

Never use the squaredfinancial platform! They refuse to let you withdraw your money even if you lose it!

My friends have been stuck withdrawing funds for half a month now, since May Day, and their accounts haven't even traded! Another friend who made money is also stuck for a month! I lost over three thousand US dollars on my own account! I heard they don't allow withdrawals, so I applied for one, but they still won't let me withdraw even after I've lost money! When I contacted customer service, they just said it's under review! Never deposit money into this platform! Once you deposit, it's gone, and you can't get it back!

2026-05-13 12:43
Unable to Withdraw

**Trash 'squared' finance

Warning! My painful experience with SquaredFinancial: Under normal trading conditions, withdrawals were restricted without any reason! Exposing the fraudulent behavior of this forex platform with real-name exposure! Full evidence attached. I came into contact with this forex platform on July 8, 2025, registered, and deposited $500. Throughout, I traded normally and made normal deposits and withdrawals. However, on July 10, 2025, when I attempted to withdraw $610, the platform directly refused the withdrawal without any reason. The account manager cited routine regulatory checks and demanded I provide: 1. A certificate of no criminal record, 2. A bank-issued asset certificate, 3. A video of myself holding my ID card (front and back) explaining whether the trades were self-operated or managed by someone else, 4. A video of cryptocurrency deposits, including my name and deposit amount. **No email notification**: From start to finish, I traded normally and made normal deposits and withdrawals without receiving any email indicating issues with my account. **Funds frozen, withdrawals denied**: Withdrawals were blocked, and the next day during communication, the platform deducted 943.84 from my funds without justification. Contacting customer service led to endless buck-passing between the account manager and platform risk control—no resolution, just refusal to process withdrawals. I am now filing a real-name complaint against SquaredFinancial!

2025-08-08 16:13
Scam

The platform maliciously deducts customer profits

The account principal was 20,000, and in April, only four gold trades were made. After making a profit, I planned to withdraw part of the principal first. However, the withdrawal was rejected, and they started asking for various documents to delay the withdrawal process. After providing all the required documents, the platform directly deducted all the profits and then accused me of 'pushing trades.' Before opening the account, they claimed that normal trading would allow withdrawals. But when they see clients making profits, they either block withdrawals or deduct the profits—so only when clients lose money is it considered 'normal trading'? I have fully disclosed my trading records, and even normal orders can be labeled as 'pushing trades'—it’s utterly disgusting.

2025-08-20 01:05
Unable to Withdraw

**Trash 'squared' finance, get out of the mainland!!!**

Warning! My painful experience with SquaredFinancial: Under normal trading conditions, withdrawals were restricted without any reason! Exposing the fraudulent behavior of this forex platform with real-name exposure! Full evidence attached. I came into contact with this forex platform on July 8, 2025, registered, and deposited $500. Throughout the entire process, I traded normally and made normal deposits and withdrawals. However, on July 10, 2025, when I attempted to withdraw $610, the platform directly refused the withdrawal without any reason. The account manager cited routine regulatory checks and demanded I provide: 1. A certificate of no criminal record, 2. A bank-issued asset statement, 3. A video of myself holding my ID card (front and back) and explaining whether the trades were made by me or managed by someone else, 4. A video of cryptocurrency deposits, including my name and deposit amount. **No email notification**: I was trading and withdrawing normally the entire time, yet I never received any email stating there was an issue with my account. **Funds frozen without withdrawal permission**: The withdrawal was blocked, and the next day during communication, the platform deducted 943.84 from my funds without justification. Contacting customer service only led to endless buck-passing between the account manager and the platform's risk control team—no resolution, just refusal to process the withdrawal. Now, I will officially report SquaredFinancial with my real name!

2025-07-23 15:56
    Sources
    squaredfinancial · Company 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 AppMobile/
    MT4Desktop, Mobile, WebBeginners
    MT5Desktop, Mobile, WebExperienced traders

    Deposit and Withdrawal

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

    Payment methods

    News

    NewsSquaredFinancial Ends CySEC CIF License Operations

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

    WikiFX
    2025-12-18 17:10
    SquaredFinancial Ends CySEC CIF License Operations

    NewsSquaredFinancial 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.

    WikiFX
    2025-01-29 13:59
    SquaredFinancial offers Trump & Melania meme coins

    NewsSQUARED 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.

    WikiFX
    2025-01-08 14:41
    SQUARED FINANCIAL: Your Friend or Foe?

    ExposureThe Investor lost both principal and profit because of a broker named Squared Financial

    One unfortunate investor, Sinan, hailing from Turkey, recently found himself in a distressing situation with Squared Financial, a brokerage platform. Sinan shared his harrowing experience with WikiFX, shedding light on how he lost both his principal and hard-earned profit due to what he claims is commercial misconduct by Squared Financial.

    WikiFX
    2024-01-17 16:56
    The Investor lost both principal and profit because of a broker named Squared Financial

    User Reviews

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    User comment

    45

    Comments

    Write a review

    
    more than one year
    从上周四到 现在平台一直都是不给出金没有任何回应 让我去找客服平台页面刷新也没有客服 出金也不到账平台不给作出任何回应
    从上周四到 现在平台一直都是不给出金没有任何回应 让我去找客服平台页面刷新也没有客服 出金也不到账平台不给作出任何回应
    Translate to English
    2026-05-18 09:47
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    FX1968314583
    0-3months
    身边的朋友从五一到现在半个月了也卡出金,他的号没交易过都出不了!! 另外一个朋友赚钱的更不用说,也卡了一个月!! 我自己的号亏了三千多美金!!!!!! 听说他家不给出金,就申请出金了,没想到亏钱也不给出金!问客服就是说在审核! 千万不要入金这家平台,入了钱就没了,根本拿不回来的!!!!
    身边的朋友从五一到现在半个月了也卡出金,他的号没交易过都出不了!! 另外一个朋友赚钱的更不用说,也卡了一个月!! 我自己的号亏了三千多美金!!!!!! 听说他家不给出金,就申请出金了,没想到亏钱也不给出金!问客服就是说在审核! 千万不要入金这家平台,入了钱就没了,根本拿不回来的!!!!
    Translate to English
    2026-05-13 12:43
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    45