squaredfinancial Review 2026: Is This Forex Broker Safe?

squaredfinancial is a forex broker established in 2012 with a WikiFX Score of 6.50. According to the provided WikiFX data, the broker is regulated by the Australia ASIC and Cyprus CYSEC, while its Seychelles FSA license is marked as offshore regulation. This gives squaredfinancial a stronger regulatory profile than unlicensed brokers, but the large volume of recent complaints on WikiFX means traders should assess risk carefully before depositing funds.

Contents

01

Pros and Cons of squaredfinancial

02

squaredfinancial Regulation and License Safety

2.1

Australia ASIC License

2.2

Cyprus CYSEC License

2.3

Seychelles FSA Offshore License

03

Real User Feedback and Complaints

04

squaredfinancial Forex Trading Conditions and Fees

4.1

Leverage

4.2

Spreads

4.3

Platforms

4.4

Trading Environment Metrics

05

Final Verdict

Pros and Cons of squaredfinancial

• ✅ Regulated by Australia ASIC and Cyprus CYSEC, with an additional offshore license from Seychelles FSA.
• ✅ WikiFX trading environment grade is A, described as Good based on 357 traders and 25,738 test records.
• ✅ Supports MT5 and proprietary trading software, with mobile access available.
• ✅ Offers three account types: Islamic, SquaredElite, and SquaredPro.
• ✅ Maximum leverage is listed as 1:2000, and EA trading is allowed.
• ❌ WikiFX reports 50 user complaints in the past three months.
• ❌ Many complaints allege withdrawal delays, rejected withdrawals, missing withdrawal records, and deleted profits.
• ❌ Seychelles FSA supervision is marked as offshore regulation.
• ❌ The software review notes a lack of two-step login and biometric authentication.
• ❌ Trading software does not support Windows, MacOS, Web, or other application formats in the provided data.

squaredfinancial Regulation and License Safety

squaredfinancial has multiple regulatory entries in the WikiFX data, which is an important starting point for evaluating broker safety. However, the protection level may vary depending on the entity under which a client opens an account. The data also indicates that squaredfinancial is headquartered in Seychelles, and one of its licenses is offshore.

Australia ASIC License

The broker is listed under the Australia ASIC with the organization name SQ AUS PTY LIMITED. The license number is 473495, and the status is marked as regulated. A regulated ASIC entry is generally a positive sign because it indicates that the entity is recorded under a recognized financial authority in Australia.

Cyprus CYSEC License

squaredfinancial is also listed under Cyprus CYSEC through Squared Financial (CY) Ltd. The license number is 329/17, and the status is marked as regulated. This adds another regulated entity to the brokers profile and improves its overall compliance footprint in the WikiFX dataset.

Seychelles FSA Offshore License

The Seychelles FSA license is held under SQ Sey Ltd with license number SD024. Its status is marked as offshore regulation. Offshore regulation does not necessarily mean a broker is unsafe, but it may offer a different level of investor protection compared with stricter regulatory environments. Traders should confirm which entity they are registering under before funding an account.

Real User Feedback and Complaints

User feedback is the biggest risk factor in this squaredfinancial review. The WikiFX summary states that complaints received in the past three months have reached 50, and the case data shows repeated concerns involving withdrawals, account restrictions, profit cancellations, and poor response handling.

Several users reported that withdrawal requests were not processed, remained under review for long periods, or were rejected after account activity. Some cases also claimed that withdrawal records disappeared or that the platform stopped updating market quotes, leaving users unable to manage funds normally.

Another recurring theme is profit deletion. Multiple complainants said profits were cancelled or deducted without clear explanation, including cases where users claimed they had traded normally and later saw profits removed after requesting withdrawals. Some reports also described requests for additional documents before withdrawals could proceed.

There are also complaints related to account access and system usability. One user stated that they could not properly enter their account and could not withdraw regularly. Users have reported difficulties with the squaredfinancial login process alongside withdrawal problems, which is especially concerning because account access is central to fund management.

Overall, the complaint pattern is not limited to a single isolated issue. The repeated references to rejected withdrawals, delayed processing, deleted profits, and unresponsive support increase the practical risk level for traders, even though the broker has regulated entities.

squaredfinancial Forex Trading Conditions and Fees

squaredfinancial offers three account types in the provided data: Islamic, SquaredElite, and SquaredPro. The trading environment is rated A by WikiFX and described as Good, with cost performance marked as Perfect, but slippage and swap performance are both described as Poor.

Leverage

The maximum leverage listed for all three account types is 1:2000. This is very high and may appeal to aggressive traders, but it also increases exposure. With high leverage, small market movements can create large gains or losses, so position sizing and risk controls are essential.

Spreads

The SquaredElite account lists spreads from 0.0 and an entry condition of 500 USD. The SquaredPro account lists spreads from 1.2 and an entry condition of 0 USD. The Islamic account shows leverage information but does not provide a main spread or minimum deposit figure in the supplied data.

Platforms

The broker supports proprietary software and MT5, with mobile platforms available on Android and iOS. The software review describes the MT5 test platform as customizable, multilingual, and equipped with clear fee reports. It also notes useful search functions and support for EA trading, copy trading, simulated trading, trading tools, custom charts, and signal charts.

However, the platform assessment also identifies weaknesses: the experience is described as average, and the software lacks two-step login and biometric authentication. Traders accessing the squaredfinancial login through MT5 or mobile apps should take extra care with credentials because the provided review specifically notes missing stronger authentication features.

Trading Environment Metrics

WikiFX testing recorded an average speed of 395.5 ms, with the fastest speed at 63.0 ms and the slowest speed at 1976.0 ms. Average slippage is listed as 1.0, and the overall slippage grade is B, though the description labels slippage as Poor. Cost grade is AA, while swap grade is C. The offline stability grade is A, with an average reconnect count of 0.2.

Final Verdict

squaredfinancial is not an unregulated broker in the WikiFX data: it has regulated entries under Australia ASIC and Cyprus CYSEC, plus offshore regulation under Seychelles FSA. Its WikiFX Score of 6.50, A-grade trading environment, MT5 support, and three account options are notable positives.

The main concern is user experience after account funding. The complaint record includes many reports of withdrawal refusal, delayed withdrawals, deleted profits, stopped trading screens, account access problems, and poor response outcomes. These issues significantly weaken confidence despite the brokers regulatory profile.

For cautious traders, squaredfinancial may require enhanced due diligence: verify the exact licensed entity, test withdrawals with small amounts first, and avoid relying solely on advertised trading conditions. To stay safe and view the latest regulatory certificates, check squaredfinancial on the WikiFX App.