Saxo Bank vs Squared Financial

Saxo Bank vs SquaredFinancial Comparison Table 2023
Saxo Bank SquaredFinancial
4
Not Yet Rated
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms

Squared Financial is a CySEC-regulated forex & CFD broker with 10,000 tradeable assets for both MT4 and MT5.

66% of retail accounts lose money.
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$100
Payment Methods
Minimum Trade
Vary by asset 0.01 lots
Regulator
DFSA, MAS, FCA, SFC CySEC, FSA
Margin Trading
No No
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
SaxoTraderGo (iOS, Android, Windows) Yes
Auto Trading
Yes
Copy Trading
No Yes
Social Trading
No Yes
Trade Signals
Yes No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on forex, global indices, energies, and precious metals
Leverage
1:30 1:500
FTSE Spread
1.2 pts (Variable) 0.01 pts
GBPUSD Spread<
0.7 (var) 1 pip
Oil Spread
0.03 50 pips
Stocks Spread
0.10% (subject to min commission) Variable
Forex Trading
Trade on dozens of FX pairs with zero spreads available
GBPUSD Spread
0.7 (varies by region) 1 pip
EURUSD Spread
0.2 (varies by region) 0 pips
EURGBP Spread
0.6 (varies by region) 1 pip
Assets
40+ 50
Cryptocurrency
Trade cryptos against major fiat currencies or take a longer-term view with ETNs. Trade popular cryptocurrency coins with leverage
Spread
Variable From 0.006
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
  • SOL
  • ADA
  • DOT
  • EOS
  • DOG
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
66% of retail accounts lose money.
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