Is Squared Financial a Scam or Legit?
Squared Financial passes the kitchen inspection. Its licence is public and easy to check.
Squared Financial cooks under CySEC licence 329/17, issued to SquaredFinancial Ltd, and that entry sits right there in the CySEC public register. It has kept the doors open since 2005, 21 years on the line. Scam kitchens do not hold a regulated licence year after year; they close and vanish.
The CySEC paperwork
| Regulator | CySEC |
| Licence number | 329/17 ✓ |
| Registered entity | SquaredFinancial Ltd |
| Status | Authorised |
| Register | www.cysec.gov.cy |
| Years regulated | 21+ |
What the CySEC seal buys you
CySEC-regulated brokers must keep client funds segregated, provide negative balance protection under ESMA rules, and contribute to the Investor Compensation Fund (ICF), which covers up to €20,000 per client.
Every licence on the wall
Squared Financial keeps 2 regulatory licences pinned up across different jurisdictions. Which one serves your table comes down to where you live.
| Regulator | Licence | Entity | Max leverage |
|---|---|---|---|
| CySEC | 329/17 | SquaredFinancial Ltd | 1:30 max |
| FSA | SD039 | SquaredFinancial Ltd (SC) | 1:500 max |
Inspect the kitchen yourself
Open www.cysec.gov.cy and type in licence number 329/17, or search the entity name SquaredFinancial Ltd. A proper listing shows you the entity, its authorisation status, and exactly which regulated activities it is cleared to serve.
The whole check takes under a minute. When a broker is nowhere to be found on its regulator's register, treat that as a spoiled dish and walk away, every legitimate, regulated firm shows up there.
The usual complaints, and what they really mean
Most complaints about Squared Financial fall into standard categories: withdrawal processing times, spread widening during news events, and account verification requests. These are normal business practices, not indicators of fraud.
None of that is fraud. It is the ordinary grumbling any busy kitchen gets when it holds firm on its own terms. A genuine forex scam runs with no licence at all, blocks every withdrawal, and disappears with the money on the table. That is simply not how Squared Financial operates.
The red flags of a kitchen you should never eat at
Whatever broker you are weighing up, these are the signs of a rotten kitchen to walk out of:
- No licence number on show, or one that turns up nowhere on the official register
- Being pushed to deposit more before they will let you cash out
- Promises of guaranteed returns or "risk-free" trading, nobody serves that dish
- A platform that only ever plates profits and never a loss
- No real address and no way to contact a human
- A licence from a regulator nobody has heard of, with no official website behind it
Not one of these fits Squared Financial. Its CySEC licence 329/17 is out in the open, it names its offices in Limassol, Cyprus, and it has been serving without a break since 2005.
Frequently asked questions
Is Squared Financial safe to deposit money with?
Squared Financial cooks under CySEC oversight, and your money sits in its own segregated pot. EU diners are covered by the ICF, up to €20,000. None of this makes trading itself risk-free, but it walls your deposit off if the broker ever goes under.
Why do people ask if Squared Financial is a scam?
Most "scam" searches come from traders who lost money, not from anyone who was cheated. CFDs are a hot stove, 71% of Squared Financial retail clients burn their fingers. Getting burned on a legitimate platform does not turn it into a scam. Scams block every payout and disappear; Squared Financial has paid out withdrawals for 21 years running.
Is Squared Financial regulated in my country?
The kitchen holds licences reaching 62 countries across 2 jurisdictions. Which entity seats your account depends on where you are; the licence table above shows exactly which one covers your region.
What happens to my money if Squared Financial goes bankrupt?
A CySEC-regulated broker must keep client cash in segregated bank accounts, walled off entirely from its own operating money. EU clients get ICF compensation up to €20,000.