Squared Financial Review crypto broker 2024

Our veredict

Squared Financial is a reputable broker offering a comprehensive range of trading services, including cryptocurrency trading. It stands out for its user-friendly platforms (MetaTrader 4 and MetaTrader 5), and a variety of educational resources that cater to both beginners and experienced traders. The platform supports trading in popular cryptocurrencies like BTC, ETH, and XRP with competitive spreads starting from 0.006, which makes it attractive for traders looking to dive into the crypto market.

However, Squared Financial is not without its drawbacks. While it offers a high level of regulation by CySEC and the FSA, it lacks FCA regulation, which might concern UK-based traders. Additionally, some users have reported issues with the platform’s speed and customer support responsiveness, indicating potential areas for improvement. Overall, Squared Financial is well-suited for traders seeking a regulated platform with a broad range of assets and solid educational support.

Pros

1. Competitive Spreads Squared Financial offers tight spreads on cryptocurrency trading, starting from as low as 0.006, making it cost-effective for traders.
2. Wide Crypto Selection The platform supports trading in various popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, providing ample options for diversification.
3. Extensive Educational Resources Traders have access to a vast library of educational materials, including ebooks and video tutorials, helping both beginners and experienced traders improve their skills.

Cons

1. No FCA Regulation Squared Financial is not regulated by the UK’s Financial Conduct Authority, which may be a concern for traders seeking UK-specific regulatory protection.
2. Inconsistent Customer Support Responsiveness There have been instances where customer support response times were slow, taking up to two days to address inquiries, which can be frustrating for users needing prompt assistance.

3,5

Threenvest Score

Fees

3,9/5

Regulated

CySEC

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose Squared Financial?

Choosing Squared Financial for cryptocurrency trading offers several compelling advantages. Firstly, the platform is highly regulated by CySEC and the FSA, ensuring a secure trading environment that adheres to stringent financial standards. This regulatory oversight provides traders with peace of mind regarding the safety of their funds and data.

Secondly, Squared Financial offers competitive spreads and high leverage options, which can enhance trading opportunities and potential profits. The platform supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, making it a versatile choice for traders interested in diversifying their portfolios. The advanced trading platforms, MetaTrader 4 and MetaTrader 5, provide robust tools and features that cater to both novice and experienced traders.

Lastly, Squared Financial is committed to providing excellent customer support and comprehensive educational resources. The availability of a demo account allows new traders to practice their strategies without financial risk, while the educational materials, including ebooks and video tutorials, help users to enhance their trading skills. These features, combined with the platform’s transparency and user-friendly interface, make Squared Financial a strong contender for those looking to engage in cryptocurrency trading.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert in cryptocurrency trading, I recommend Squared Financial for its robust regulatory framework, competitive trading conditions, and user-friendly platforms. The broker offers an extensive range of cryptocurrencies with tight spreads and high leverage, making it suitable for both novice and experienced traders. Additionally, their comprehensive educational resources and responsive customer support enhance the overall trading experience. Despite some criticisms about platform speed and customer service, Squared Financial remains a solid choice for those seeking a reliable and versatile trading platform.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.