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Squared Financial Minimum Deposit

Squared Financial Minimum Deposit

 

Overall Rating

4.4/5

Rated #524 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

The Squared Financial minimum deposit amount to open a real trading account is 0 (Zero) US Dollars.  The Minimum Deposit for 1st-time traders might vary based on the trading account type selected. Deposit activation can be up to 72 hours*

Finding a reputable list about Squared Financial minimum deposit local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

Below is an in-depth Minimum Deposit Review regarding this regulated Forex company, which will assist traders to make an informed decision, when it comes to funding your trading account.

 

 

Minimum Deposit

 

Squared Financial does not require a minimum deposit on the Squared Pro Account.

The Squared Elite Account, however, requires a minimum deposit of $5,000 or 73,029.50 ZAR at the current exchange rate between the US Dollar and the South African Rand.

Squared Financial has regulation and authorization through two separate regulatory entities namely:

  • Squared Financial (Cyprus) Limited – CySEC under the license number 329/17.
  • Squared Financial (Seychelles) Limited – FSA under the license number SD024.

 

These regulatory entities require that brokers keep client funds in segregated accounts with top-tier banks, separate from the broker account. These funds may not be used for anything other than trading operations and it must be available for withdrawing at any given time.

 

Deposit fees and deposit methods

 

Squared Financial does not charge a minimum deposit on the Squared Pro Account, however, the Squared Elite Account attracts a minimum deposit amount of $5,000, which is higher than what most other brokers charge.

When depositing funds, traders can make use of a variety of payment methods including:

  • Credit/Debit Cards (Visa, Mastercard, Maestro)
  • UnionPay
  • AliPay
  • NatWest (Bank Wire)
  • Bank of Cyprus (Bank Wire)
  • Skrill
  • Neteller

 

The deposit currencies that traders can use to make deposits include:

  • EUR
  • USD
  • GBP
  • CHF

 

While Squared Financial does not waive deposit fees on any of the payment methods that it supports, traders may be subjected to fees waived by their payment provider. These fees must be verified with the payment provider before depositing or withdrawing funds.

 

Overall Rating

4.4/5

Rated #524 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FSA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Step by step guide to depositing the minimum amount

 

Once the live trading account has been approved, traders can make the minimum deposit by logging into their Client Portal on the Squared Financial website. Traders can then navigate to the segment dedicated to deposits, enter the amount, currency, and their preferred payment method.

Traders can follow any prompts or instructions to finalize and complete the deposit. Depending on the payment method, traders must note that funds could take some time to reflect. The processing time on payment methods are as followed:

  • Credit/Debit Cards – Within an hour.
  • UnionPay – Within an hour.
  • AliPay – Within an hour.
  • NatWest – Two to three business days.
  • Bank of Cyprus – two to three business days.
  • Skrill – Instant
  • Neteller – Instant

 

Pros and Cons

✔️ PROS ❌ CONS
No deposit fees High minimum deposit on the Squared Elite Account
Selection of deposit currencies
Variety of payment methods

 

You might also like: Squared Financial Sign up Bonus

You might also like: Squared Financial Demo Account

You might also like: Squared Financial Fees and Spreads

You might also like: Squared Financial Account types

You might also like: Squared Financial Islamic Account

 

FAQ’s

 

What is the minimum deposit for Squared Financial?

$0.

 

How do I make a deposit and withdrawal with Squared Financial?

  • Credit/Debit Cards (Visa, Mastercard, Maestro)
  • UnionPay
  • AliPay
  • NatWest (Bank Wire)
  • Bank of Cyprus (Bank Wire)
  • Skrill
  • Neteller

 

Does Squared Financial charge withdrawal fees?

No. Squared Financial does not charge any withdrawal fees. However, traders may be subjected to fees waived by their payment provider.

 

How long does it take to make a withdrawal?

  • Credit/Debit Cards – Within an hour.
  • UnionPay – Within an hour.
  • AliPay – Within an hour.
  • NatWest – Two to three business days.
  • Bank of Cyprus – two to three business days.
  • Skrill – Instant
  • Neteller – Instant

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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