ForexQ.com
FINANCIAL INSTITUTION INFORMATION PLATFORM

Review verifiable information about forex brokers, banks, fintechs, crypto exchanges and payment providers in one place.

Verify with the source.Wherever possible, information is matched against official registers and primary sources.
When was it checked?We clearly show when each critical piece of data was last checked.
Know the type of information.We classify user complaints, company statements and official records separately.
RECENTLY ADDED

Recently Added Institutions

The latest institution profiles added to ForexQ.com.

BROKERDBG Markets

Multi-asset forex and CFD brand that says it was established in 2007; its group companies hold ASIC and FSCA licences, but DBG MARKETS LIMITED in Anguilla, which operates the site and is the party to the client agreement, holds no licence.

Open profile →
BROKERVT Markets

Forex and CFD brand that says it has operated since 2015; international clients are served by VT Markets Limited, which states Mauritius FSC authorisation, and its FSCA-licensed South African company acts only as an intermediary.

Open profile →
BROKERFXT

Sydney-based forex and CFD broker that says it was established in 2014; its Australian company is ASIC-licensed and Gleneagle Securities Pty Limited, which serves international clients, is licensed by the VFSC in Vanuatu.

Open profile →
BROKERACY Securities

Sydney-based forex and CFD broker that says it was founded in 2011; its group companies hold ASIC and FSCA licences, but ACY Capital LLC (St Vincent and the Grenadines), with which non-Australian clients may be onboarded, holds no licence.

Open profile →
BROKERETO Markets

Forex and CFD broker that says it was founded in Sydney in 2013; its ASIC licence is registered to ETO Group Pty Ltd, and international clients are served by ETO Markets Limited, which states Seychelles FSA authorisation.

Open profile →
BROKERFortune Prime Global

Forex and CFD broker that says it has operated since 2011; international clients are served by VFSC-licensed Fortune Prime Limited, and clients in Australia only by ASIC-licensed Fortune Prime Global Capital Pty Ltd.

Open profile →
HOW IT WORKS

See the level of evidence
on every institution profile.

Instead of ratings, we show the data, its source and its verification status.

A

Sample Financial Institution

Broker · United Kingdom

Last checked: 23.09.2026
REGULATIONOfficial record verified

The licence number and scope are matched directly against the regulator’s source.

● Official source
USER FEEDBACKRecurring topics

Topics such as withdrawals, support and trading conditions are grouped by period.

● Not independently verified
COMPANY STATEMENTData disclosed by the company

The company’s own statements are shown separately from independent verification.

● Statement
← Home

SquaredFinancial

Broker · International

About the company

Legal company nameSQ Sey Ltd · Squared Financial (CY) Ltd
Year founded2005
Headquarters / registered countryMahe, Seychelles
Websitewww.sqfin.com
Last checked08.10.2026

According to its official website, SquaredFinancial is a forex and CFD broker founded in 2005 by Philippe Ghanem. SQ Sey Ltd (trade name Squared Financial), which operates the international site sqfin.com, states that it is authorised and regulated as a securities dealer by the Seychelles Financial Services Authority (SD024); the company is located on Eden Island, Mahe. Squared Financial (CY) Ltd in Limassol, which operates the EU site squaredfinancial.com, is licensed by CySEC (329/17); however, the site announces that the company has initiated the voluntary renunciation of this licence and will no longer onboard new clients under CySEC. The sites state that they do not serve the EU/EEA, the UK, the US, Australia or New Zealand. The company offers forex, index, futures, metal, commodity, share and ETF and crypto CFDs, as well as copy trading, through SquaredPro and SquaredElite accounts on MetaTrader 4, MetaTrader 5 and the SquaredFinancial mobile app; the minimum deposit is 50 USD for all payment methods and 500 USD on the SquaredElite account. Leverage is up to 1:2000 at the international entity and up to 1:30 for retail clients at the EU entity; the international site promotes a 100% deposit bonus. This information is the company's own statement.

Account Details

ACCOUNT TYPESSquaredPro · SquaredElite · Demo
MIN. DEPOSIT50 USD
PLATFORMSMetaTrader 4 · MetaTrader 5 · SquaredFinancial mobile app
PRODUCTSForex · Index, futures, metal, commodity, share and ETF CFDs · Crypto CFDs · Copy trading
LEVERAGEUp to 1:2000

Licences and regulation

CySEC (Republic of Cyprus)

Licence no.329/17
Licence holderSquared Financial (CY) Ltd
ScopeCIF licence held since 23 Jun 2017. The CySEC register marks the record as under examination for voluntary renunciation of the authorisation; the company says it no longer onboards new clients under CySEC.
StatusVerified

FSA (Seychelles)

Licence no.SD024
Licence holderSQ Sey Ltd
ScopeSQ Sey Ltd (trade name Squared Financial, website sqfin.com) appears on the Securities Dealer list of the Seychelles FSA register. The register does not show licence numbers; SD024 is the company's statement.
StatusVerified

User complaints

User reports found online are classified by topic. The charts show how reports are distributed.

Period reviewed: July 2021 – October 2026

  • Withdrawal / payment: 94
  • Account / trading conditions: 43
  • Other: 17
  • Bonus / promotion: 6
  • Customer support: 5
  • Identity verification: 2

SOURCES REVIEWED

The complaint distribution is based on the 1-star reviews on SquaredFinancial's Trustpilot page (120) and WikiFX (47) records as of 8 October 2026; one person's reviews count once, and records about fake sites and third parties using the SquaredFinancial name are left out. Across the complaints, withdrawal requests left pending for weeks, allegations that the platform became inaccessible in mid-2026 and allegations that profits were cancelled stand out.

Sources and verification history

Official company sourcessqfin.com — Why SquaredFinancial, Account types, Payment methods, homepage, footer · squaredfinancial.com — Account types, Regulation & License, footer
Regulator recordsCySEC — Squared Financial (CY) Ltd, licence 329/17, under examination for voluntary renunciation (cysec.gov.cy) · Seychelles FSA — SQ Sey Ltd, on the Securities Dealer list, no number shown (fsaseychelles.sc)
Company registerCompany registry information not stated on the site
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified08.10.2026

File a Complaint