Score

1.65 /10
Danger

squaredfinancial

Seychelles

10-15 years

Regulated in Cyprus

Derivatives Trading License (MM)

Self-developed

Suspicious Operational Region

High Potential Risk

Offshore Regulation

AA
C

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Comparison

Quantity 54

Exposure

Open Account
Website

Score

Regulatory Index6.86

Business Index8.01

Risk Management Index0.00

Software Index8.04

License Index7.25

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

X

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2026-08-11
  • The WikiFX cloud system has detected an excessive number of complaints against this broker, leading to its placement on the WikiFX Complaint Blacklist. Please be aware of the high risk.
  • WikiFX has recorded a total of 53 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.

WikiFX Verification

squaredfinancial · Benchmark
Average transaction speed(ms)
350.2 Great
The highest transaction speed(ms)
226
The highest speed of opening positions(ms)
299
The highest speed of closing position(ms)
187 Good
The lowest speed of opening positions(ms)
703 Great
The lowest speed of closing position(ms)
1985 Poor
Ranking: 30 / 113
Test user 360
Transactions 15,478
Ocuppied margin $3,398,659 USD
Data Source WikiFX Data provide
Updated: 2026-08-10 01:08:00
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

ExposureSQUAREDFINANCIAL 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.

WikiFX
2026-08-04 13:00
SQUAREDFINANCIAL Review: Withdrawals Blocked and Platform Goes Silent , What Traders Need to Know

Exposuresquaredfinancial 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.

WikiFX
2026-07-31 17:00
squaredfinancial Review 2026: Regulation, Withdrawal Complaints, and Account Access Risks

Exposuresquaredfinancial Review: Regulation, Complaints, and Withdrawal Risk Signals

squaredfinancial shows a mixed risk profile: WikiFX lists a 6.51 score, regulation by ASIC and CySEC, and offshore supervision by the Seychelles FSA, but also reports 51 user complaints in the last three months. The strongest concern in the available data is not the trading environment score, but repeated exposure cases involving withdrawals, profit cancellation, account access, and slow or absent support.

WikiFX
2026-07-15 14:30
squaredfinancial Review: Regulation, Complaints, and Withdrawal Risk Signals

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

User Reviews

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User comment

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Comments

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FX3585729485
0-3months
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.
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.
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2026-08-07 12:56
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FX4118007986
0-3months
应该是跑路了。邮件联系也不回我。
应该是跑路了。邮件联系也不回我。
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2026-08-05 10:41
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