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Score
Seychelles
Regulated in Cyprus
Derivatives Trading License (MM)
MT4 Full License
Global Business
High Potential Risk
Offshore Regulation
Benchmark
Influence
Add brokers
Comparison
Quantity 45
Exposure
Score
Regulatory Index6.72
Business Index8.00
Risk Management Index0.00
Software Index9.51
License Index6.72
Single Core
1G
40G
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Company Name
SQ Sey Ltd
Company Abbreviation
squaredfinancial
Platform registered country and region
Seychelles
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
I cannot withdraw money from my account. There is no evidence to cancel all profits.
The platform prevents withdrawals under various pretexts when there are profits, demanding payment of various fees. It's a dishonest platform.
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.
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!
They are not letting me withdraw the rest been trying and getting denied for an hour😭
My withdrawal request keeps showing "pending review." Customer service initially said 1 to 3 days, then 1 to 5 days, and finally told me to wait patiently.
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
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!
What a terrible platform! They don't process withdrawals and the account managers don't reply to messages.
Scam platform, arbitrarily taking profits and deleting accounts immediately without reason. Everyone should avoid this platform; you won't be able to withdraw your profits.
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!
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!
I have deposited and traded up to 3000 and placed a withdrawal order, but the exchange refused and deleted my account
The platform has not allowed withdrawals since last Thursday. There has been no response. The platform told me to contact the customer service, but refreshing the page didn't bring up any support. My withdrawal hasn't arrived, and the platform doesn't make any further response.
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.
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!
| SQUAREDFINANCIAL Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Cyprus |
| Regulation | CYSEC, AMF, FSA, CNMV |
| Market Instruments | Forex, Metals, Indices, Energy, Stocks, Futures, Cryptocurrencies |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 0 pips |
| Trading Platform | Mobile App, MT4, MT5 |
| Min Deposit | $50 |
| Customer Support | 24/5 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 Restrictions | UK, 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.

| Pros | Cons |
| Regulated by CYSEC, AMF, FSA, CNMV | Not accept e-wallet payments |
| Various market offerings | No live chat support |
| Demo accounts available | Regional restrictions |
| Commission-free account offered | |
| MT4 and MT5 supported | |
| Low minimum deposit |
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 Country | Regulated Authority | Regulatory Status | Regulated Entity | License Type | License Number |
![]() | Cyprus Securities and Exchange Commission (CySEC) | Regulated | Squared Financial (CY) Ltd | Market Making (MM) | 329/17 |
![]() | The Autorité des Marchés Financiers (AMF) | Regulated | Squared Financial (CY) Ltd | Retail Forex License | 71593 |
![]() | The Seychelles Financial Services Authority (FSA) | Offshore Regulated | Squared Financial (CY) Ltd | Retail Forex License | SD024 |
![]() | Comisión Nacional del Mercado de valores (CNMV) | Regulated | Squared Financial (CY) Ltd | Retail Forex License | 4421 |




SqaredFinancial offers over 10,000 financial instruments across 7 asset classes, Forex, Metals, Indices, Energy, Stocks, Futures, and Cryptocurrencies.
| Trading Asset | Available |
| forex | ✔ |
| metals | ✔ |
| indices | ✔ |
| energy | ✔ |
| stocks | ✔ |
| futures | ✔ |
| cryptocurrencies | ✔ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |

Squared Financial offers two typesof live accounts with varying trading costs.
| Account Type | Squared Pro | Squared Elite |
| Accepted Currencies | EUR, USD, GBP, CHF | |
| Max Leverage | 1:500 | |
| Avg EUR/USD Spread | From 1.6 pips | From 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.

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.
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 Platform | Supported | Available Devices | Suitable for |
| Mobile App | ✔ | Mobile | / |
| MT4 | ✔ | Desktop, Mobile, Web | Beginners |
| MT5 | ✔ | Desktop, Mobile, Web | Experienced traders |
Squared Financial accepts deposits and withdrawals via Bank Transfer, Visa, MasterCard, cryptocurrencies, Insta Transfer, etc.

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