SquaredFinancial (Cyprus) Limited

SquaredFinancial (Cyprus) Limited is a forex and CFD broker based in Limassol, Cyprus, operating under license number 329/17 issued by the Cyprus Securities and Exchange Commission (CySEC). The company offers trading services across multiple asset classes, including forex, indices, commodities, precious metals, and cryptocurrencies. While it presents itself as a regulated and professional trading platform, numerous user complaints raise concerns about withdrawal delays, hidden fees, unexpected account restrictions, and limited investor protection. This comprehensive review examines the broker’s regulatory background, trading conditions, client feedback, and potential risks — helping you decide whether SquaredFinancial is a legitimate trading platform or a high-risk broker to avoid.

1. Company Overview: A Licensed Broker with Controversy

• Company Name: SquaredFinancial (Cyprus) Limited

• Headquarters: 205 Arch. Makarios Avenue, Victory House, 5th Floor, Limassol, Cyprus

• Regulator: Cyprus Securities and Exchange Commission (CySEC) – License No. 329/17

• Website: https://www.squaredfinancial.com

• Email: [email protected]

At first glance, SquaredFinancial appears to be a credible and established broker. Its CySEC license allows it to operate legally within the European Economic Area, and it markets itself as a multi-asset platform providing institutional-grade liquidity, fast execution, and competitive spreads. However, CySEC is known for its lighter regulatory oversight, and several CySEC-licensed firms have previously been fined or sanctioned for client protection failures — raising red flags for cautious investors.

2. Account Types and Trading Conditions: Hidden Risks

⚠️ Analysis: While the broker advertises zero-spread Pro accounts and competitive pricing, traders report inconsistent execution speeds and wider-than-expected spreads during volatility. The $5000 minimum for Pro accounts is steep for retail traders, and several “hidden charges” (like conversion fees or inactivity charges) are not clearly disclosed in advance.

3. Regulation and Legal Oversight: Weak Enforcement

While CySEC is an official EU financial regulator, it is widely regarded as less strict than regulators like the UK’s FCA or Australia’s ASIC. This means that although SquaredFinancial is legally licensed, enforcement actions, investor compensation, and transparency standards are weaker. Investors outside the EU may also not benefit from EU protections, further increasing potential risk.

4. Deposits, Withdrawals, and Safety Concerns

• Funding methods: Bank wire, credit/debit cards, Skrill, Neteller

• Withdrawal time: 1–5 business days (often longer in reported cases)

• Fees: “No fees” claimed, but some users reported hidden costs

📉 User Complaints Include:

• Long withdrawal delays requiring repeated document submissions.

• Sudden account freezes after profitable trades.

• Unexplained rejection of withdrawal requests.

While none of these issues alone prove fraudulent intent, the frequency and consistency of such complaints indicate significant operational and trust risks.

5. Market Reputation and Client Feedback

The sentiment is split: some traders praise its platform stability and product range, while many others warn about poor support and delayed access to funds — an alarming trend for any broker handling client money.

6. Multidimensional Risk Rating (10-Point Scale)

📊 Overall Score: 4.4/10 – Medium Risk
SquaredFinancial is suitable only for experienced traders willing to tolerate operational uncertainty. Beginners and risk-averse investors should avoid large deposits.

7. Final Verdict: Not a Scam, but a High-Risk Broker

SquaredFinancial (Cyprus) Limited is not an outright scam — it holds a valid CySEC license and provides a functional trading platform. However, its weak regulatory protection, withdrawal disputes, hidden fees, and poor client support make it a medium-to-high-risk broker.

✅ Recommended for: Experienced traders aware of CySEC limitations.
❌ Not recommended for: Beginners, long-term investors, or those prioritizing strict investor protections.

📬 Official Contact Information

• 🌐 Website: https://www.squaredfinancial.com

• 📧 Email: [email protected]

• 📍 Address: 205 Arch. Makarios Avenue, Victory House, 5th Floor, Limassol, Cyprus

⚠️ Risk Warning

This article is for informational purposes only and does not constitute investment advice. Always verify regulatory licenses on official registers (CySEC register here) and conduct thorough due diligence before investing.

✅ BrokerHiveX Conclusion: SquaredFinancial may look like a trustworthy EU broker, but recurring complaints and regulatory weaknesses mean that it should be treated with caution. Use small test deposits first — or consider alternatives regulated by stronger authorities like the FCA (UK) or ASIC (Australia).

📚 Frequently Asked Questions (FAQ) – SquaredFinancial (Cyprus) Limited

1. Is SquaredFinancial (Cyprus) Limited a scam broker?

Answer: SquaredFinancial (Cyprus) Limited is a CySEC-regulated forex and CFD broker headquartered in Limassol, Cyprus. While it is not officially listed as a scam, multiple users have reported issues such as withdrawal delays, hidden fees, aggressive risk controls, and poor customer support. These recurring complaints do not prove fraudulent behavior, but they do suggest that investors should treat the platform with caution and avoid depositing large sums without thorough due diligence.

2. Is SquaredFinancial regulated and licensed?

Answer: Yes. The broker is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 329/17. This allows SquaredFinancial to offer investment services across the European Economic Area under the MiFID II framework. However, CySEC’s regulatory enforcement is considered weaker than top-tier regulators such as the FCA (UK) or ASIC (Australia). As a result, investor protection and compensation options are more limited.

3. Are there withdrawal problems with SquaredFinancial?

Answer: Yes, many users have reported withdrawal-related problems. These include delays in receiving funds, repeated requests for identity verification documents, unexplained rejections, and even account freezes after profitable trades. While the company has not been proven to block withdrawals intentionally, these issues highlight potential operational inefficiencies and risks that investors should be aware of before depositing funds.

4. What is the overall risk level of SquaredFinancial?

Answer: BrokerHiveX’s analysis rates SquaredFinancial at 4.4/10, classifying it as a medium-risk broker. The platform may be suitable for experienced traders who understand the limitations of CySEC-regulated companies. However, it is not recommended for beginners or those seeking a highly secure, tightly regulated trading environment.

5. What alternatives are safer than SquaredFinancial?

Answer: If you prioritize strong regulatory oversight and robust investor protection, consider brokers regulated by top-tier authorities such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC). These brokers are subject to stricter compliance rules, more frequent audits, and compensation schemes that provide stronger safeguards for client funds.

6. What are the main complaints against SquaredFinancial?

Answer: The most common complaints from users include:

• Long withdrawal processing times and unexpected document verification requests.

• Hidden fees and unclear cost structures not disclosed upfront.

• Accounts being frozen or flagged after profitable trades.

• Customer support being slow, unresponsive, or unable to resolve disputes.

These issues do not necessarily mean the broker is fraudulent, but they indicate a lack of operational transparency and potentially higher risk compared to competitors.

7. Should beginners use SquaredFinancial?

Answer: Generally, no. Because of the platform’s inconsistent withdrawal process, unclear fee policies, and limited regulatory protection, SquaredFinancial may not be the best choice for beginners or those with low risk tolerance. It is better suited for experienced traders who can monitor and manage such risks effectively.