SquaredFinancial – what we know and have as facts about it; This is a trade name of SquaredFinancial (CY) Limited, which is based in Limassol, Cyprus and is regulated by the Cyprus Securities Exchange Commission (CySEC) under the license number 329/17. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Client Agreement and Order Execution Policy documents that SquaredFinancial does not execute the client orders in a CFD as a principal to principal against the client, i.e. SquaredFinancial is not itself the Execution Venue for the execution of the client orders. SquaredFinancial receives monthly commissions from the liquidity provider calculated as a percentage of the volume of orders sent for execution every month. In other words – it transmits each order to its liquidity providers by using the Straight Through Processing (STP) model and receives commissions for that. This means that there is no conflict of interest between the parties.
So far, we have not received any complaints from customers of SquaredFinancial. If you have any criticism to share with us or feel annoyed by SquaredFinancial, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and SquaredFinancial if you wish.