Squared Financial Review 2026
Full Squared Financial review for Estonia traders — regulation, spreads, fees and our honest verdict.
Regulation in Estonia
| Regulator | CySEC CySEC — Cyprus Securities and Exchange Commission (CySEC) |
| Licence Number | 329/17 |
| Regulated Entity | SquaredFinancial Ltd |
| Max Leverage (Forex) | 1:30 |
| Minimum Deposit | $25 |
| EUR/USD Spread | From 0.8 pips |
| Instruments | 500+ |
| Platforms | MT4, MT5, TradingView |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
Regulated by CySEC (licence 329/17). Minimum deposit $25. In Estonia: maximum forex leverage 1:30.
About Squared Financial
Squared Financial was founded in 2005 and is headquartered in Limassol, Cyprus. The broker offers 500 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by SquaredFinancial Ltd under CySEC.
In Estonia, Squared Financial operates as SquaredFinancial Ltd, authorised by CySEC under licence number 329/17. Estonia traders are subject to a maximum leverage of 1:30 on forex pairs under CySEC rules.
Trading Platforms
Pros
- CySEC regulated — licence 329/17
- 500+ instruments to trade
- Negative balance protection in Estonia
- Platforms: MT4, MT5, TradingView
Cons
- No inactivity fee
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Frequently Asked Questions
Is Squared Financial regulated?
Squared Financial holds CySEC licence 329/17, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official CySEC public register.
What is the minimum deposit for Squared Financial in Estonia?
The minimum deposit is $25. This is the amount required to open a live trading account for traders in Estonia under CySEC regulation.
What leverage does Squared Financial offer in Estonia?
In Estonia, Squared Financial offers maximum forex leverage of 1:30 under CySEC rules. Higher leverage may be available through offshore-regulated entities.
Is Squared Financial safe to trade with?
Squared Financial is regulated by CySEC, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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