Accounts and eligibility
Sections ↑Account comparison01
Account and service routes at a glance
| Account / service | Contract and customer scope | Platform and principal condition |
|---|---|---|
| SquaredPro | SQ Sey Ltd — Eligible international clients under Seychelles contract; retail clients | MT4 / MT5. Seychelles account; current eligibility and product conditions apply.Source 2Source 5 |
| SquaredElite | SQ Sey Ltd — Eligible international clients under Seychelles contract; retail clients | MT4 / MT5. Seychelles account; current eligibility and product conditions apply.Source 2Source 5 |
SquaredFinancial’s international offer at sqfin.com belongs to SQ Sey Ltd, Seychelles. Its separate Cyprus company has stopped new onboarding and is winding down client relationships; CySEC lists licence 329/17 under examination for voluntary renunciation.[1][3][24]
Reference table02
International account matrix
| Attribute | SquaredPro | SquaredElite |
|---|---|---|
| Minimum deposit | USD 0 | USD 500Source 2 |
| Recommended deposit | USD 200 | USD 2,000Source 2 |
| Advertised EUR/USD spread | From 1.2 pips | From 0.0 pipsSource 2 |
| Commission display | None | USD 5 per lot; side unspecifiedSource 2 |
| Base currencies | EUR, USD, GBP, CHF, ZAR | EUR, USD, GBP, CHF, ZARSource 2 |
| Platforms | MT4, MT5, mobile app | MT4, MT5, mobile appSource 2 |
| Leverage ceiling | 1:2,000 | 1:2,000Source 2 |
| Margin call / stop-out | 100% / 30% | 100% / 30%Source 2 |
| Execution | Market | MarketSource 2 |
Reference table03
Opening and account setup
| Item | Practical scope |
|---|---|
| Registration route | Use the current sqfin.com client portal, linked as my.sqfin.com; identify SQ Sey Ltd in the agreement.Source 1 |
| Age | At least 18, or the local age of legal majority.Source 1 |
| Excluded jurisdictions | The website excludes citizens of EU/EEA states, the UK, US, Australia, New Zealand and FATF-listed jurisdictions.Source 1 |
| Verification | Identity, residence and source-of-funds evidence; further documents or video verification may be requested.Source 16 |
| Funding versus trading | A zero opening minimum does not remove position margin requirements.Source 2 |
| Demo access | No deposit required; simulated practice is available through MT4, MT5 and the mobile app.Source 14 |
Products and markets
Sections ↑Reference table04
CFD market coverage
| Market | What the current site describes |
|---|---|
| Foreign exchange | 40+ pairs, including EUR/USD, GBP/USD and USD/JPY.Source 6 |
| Metals | Gold and silver price exposure through CFDs.Source 7 |
| Indices | Index CFDs for broad-market exposure; the product page discusses major US and European benchmarks.Source 8 |
| Commodity futures | CFDs based on commodity and index futures; expiry and rollover depend on the particular contract.Source 9 |
| Commodities | Energy and other commodity CFDs; check the actual symbol and its specification.Source 10 |
| Shares and ETFs | CFD exposure to stocks and exchange-traded funds; the CFD is not ownership of the underlying share or fund.Source 11 |
| Cryptocurrencies | Crypto CFDs are listed in the international market range; availability is account- and jurisdiction-dependent.Source 1 |
Complete current symbol specifications were not independently confirmed. Account-level leverage and spread headlines do not establish the terms for gold, shares, indices or every currency pair.[6][7][8][11]
Trading and account costs
Sections ↑Reference table05
Pricing evidence for commonly compared instruments
| Instrument | Published price evidence | Interpretation |
|---|---|---|
| GBP/USD and USD/JPY | Pairs listed; usable current pair-level spread figures not established | No average or fixed spread is assumed.Source 6 |
| Gold / XAUUSD | Gold product confirmed; usable current price-unit and lot-cost schedule not established | No conversion of a generic FX spread to a gold cost.Source 7 |
The facts06
Additional account charges
| Measure | Value | Context |
|---|---|---|
| Islamic configuration | Available for religious eligibility; exotic-pair holdings beyond three nights can incur a handling charge. | Source 16 |
| Inactivity | After 90 days without open positions, USD 50 equivalent monthly may apply until the balance is zero. | Source 16 |
| Dormancy and closure | Closure may follow a year inactive; reopening requires KYC/AML. Residual funds remain owed. | Source 16 |
Trading conditions and execution
Sections ↑Reference table07
Platforms and order tools
| Feature | Available functionality |
|---|---|
| MT5 access | Desktop, WebTrader and mobile; pending orders, stop-loss, take-profit and trailing stops.Source 12 |
| Automated trading | MT5 supports Expert Advisors, MQL5 development and a multi-threaded strategy tester.Source 12 |
| Position accounting | The platform page describes hedging and netting; the specific account configuration controls which applies.Source 12 |
| Mobile management | The broker app can modify or close positions and manage account funds.Source 13 |
| TradingView | The app advertises TradingView Pro charts; this establishes charting access, not a separately verified TradingView order-routing connection.Source 13 |
| Schedules | Check the broker’s trading announcements for changes to sessions and affected instruments. No blanket 24/7 market schedule is established here.Source 23 |
Deposits, withdrawals and transfers
Sections ↑Reference table08
Advertised funding channels
| Channel | Published evidence | Limits of the listing |
|---|---|---|
| Bank transfer | Listed on the deposit-promotion page | Country and verification restrictions apply.Source 19Source 15 |
| Visa / Mastercard | Listed card-funding brands | Use a payment source in the account holder’s name.Source 19Source 15 |
| Skrill / Neteller | Listed e-wallet brands | A deposit option does not establish a universal withdrawal route.Source 19Source 15 |
| Tether | Listed deposit option | No universal blockchain network or transfer limit was established.Source 19 |
Reference table09
Money movement and withdrawal conditions
| Item | Published rule |
|---|---|
| Third-party money | Same-name funding only; the company may request proof of payment ownership and hold an unverified transfer pending.Source 15 |
| Return route | Withdrawals generally return to the original funding method; availability depends on country and checks.Source 15 |
| Client-portal transfers | The app advertises immediate transfers among the client’s own accounts and wallet. This is distinct from external payment delivery.Source 13 |
| Withdrawal processing | Where feasible, within five business days after requirements are satisfied.Source 16 |
| Fees and security review | Payment charges may apply; changing security information can trigger a five-business-day withdrawal hold.Source 16 |
Regulation and client protection
Sections ↑Reference table10
Legal entities and regulatory position
| Entity | Status evidence | Client implications |
|---|---|---|
| SQ Sey Ltd, Seychelles | Licensed dealer SD024; FSA review notice dated 6 August 2026 | Seychelles securities-dealer relationship; the 6 August notice announced review, not an adverse determination.Source 4 |
| Squared Financial (CY) Ltd, Cyprus | CySEC lists 329/17 under examination for voluntary renunciation | No new onboarding. Existing clients receive direct instructions about positions and residual funds.Source 3Source 24 |
Two earlier CySEC settlements concern different companies. On 19 November 2025, CySEC announced that SQ Sey Ltd had paid EUR 50,000 over a possible authorisation-requirements breach. On 25 November 2025, it announced a paid EUR 35,000 settlement with Squared Financial (CY) Ltd concerning possible breaches of retail-CFD product restrictions. Both investigations covered 26 October 2022 to 16 September 2024. These are settlements for possible violations, not a finding that all current clients suffered loss; they are separate from the Seychelles FSA’s August 2026 review, which expressly makes no adverse determination.[26][25][4]
Reference table11
Protection features and their scope
| Feature | What is established |
|---|---|
| Negative-balance protection | Agreement section 38 caps account losses and related trading costs at that account’s funds, including credited profits.Source 16 |
| Private insurance | No current policy certificate or verified per-client/aggregate insured amount was established for the Seychelles offer. Historical group protection claims are not treated as current cover.Source 1 |
Support and complaints
Sections ↑Public international contacts
Seychelles supportTelephone
+248 467 1943Source 17
Scope SQ Sey Ltd account and technical enquiries
Hours Monday–Friday, 07:00–21:00 GMT+3
Account supportEmail
Contact formWebsite
FSA review informationEmail
Reference table12
Account problems and formal complaints
| Situation | Route |
|---|---|
| Connection or platform problem | Contact the published SQ Sey support desk. A support message or phone call does not establish that a trading instruction has been accepted; no separate verified emergency-dealing procedure was located.Source 17 |
| Formal complaint | Use the official form with account details, the disputed product or service, evidence, amount and requested resolution; attach account statements and correspondence.Source 18 |
| Cyprus wind-down | Keep contact details current and follow the CY company’s direct instructions on position closure and residual funds.Source 3 |
Research, tools and account services
Sections ↑Reference table13
Account tools and enhanced services
| Service | Practical scope |
|---|---|
| Traden AI assistant | Available through the client dashboard for terminology, platform navigation, strategy explanations and screenshot discussion. It is general information, not personalised investment advice.Source 21 |
| Premium benefits | Priority support, a success manager, analyst sessions and VPS are listed. Exact tier qualifications require confirmation.Source 22 |
| Demo and testing | Demo access provides virtual trading practice. MT5’s separate strategy tester supports testing automated rules.Source 14Source 12 |
Copy-trading controls and provider charges
Reference table14
Pelican-powered copy service
| Control | Effect |
|---|---|
| Account link | MT4/MT5 accounts can connect to the service; allocation can be fixed-lot, mirror-sized or proportional to equity.Source 20 |
| Soft stop | Stops new copied trades; existing positions remain for the client to manage.Source 20 |
| Hard stop | Closes the existing copied positions as described by the current service page.Source 20 |
| Provider fees | Providers can set performance fees of 1%–50%. Exact calculation, collection and exit-fee terms require the chosen subscription.Source 20 |
| Provider entry | Advertised entry criteria include USD 500 starting balance and six months of history, subject to assessment.Source 20 |
Deposit credit and cash withdrawals
Reference table15
Current deposit promotion
| Term | Published condition |
|---|---|
| Offer | 100% first-deposit and 50% reload credit, up to USD 5,000 in total.Source 19 |
| Cash treatment | Bonus is nonwithdrawable and nontransferable; it is provided for trading.Source 19 |
| Expiry | Removed 90 days after the first deposit.Source 19 |
| Eligibility | Selected eligible clients and countries; the offer has exclusions beyond the general website restrictions.Source 19 |
| Before accepting | The complete withdrawal-triggered removal and margin effects remain unverified; credit is not withdrawable cash.Source 19 |
Company and operating footprint
Sections ↑The facts16
Operating identity
| Measure | Value | Context |
|---|---|---|
| International counterparty | SQ Sey Ltd; Commercial House 1, Office 4, Eden Island, Mahé, Seychelles. | Source 5 |
| Current domain | The FSA directory identifies sqfin.com for SQ Sey Ltd. | Source 5 |
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
SQ Sey Ltd
SeychellesSource 5
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Services Authority SeychellesSD024 | Authorised | Checked 12 Oct 2026Listed securities dealer. FSA announced ongoing review on 6 August 2026, expressly without an adverse finding.Source 4 |
Squared Financial (CY) Ltd
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Cyprus Securities and Exchange Commission329/17 | Authorised | Checked 12 Oct 2026CySEC lists the licence under examination for voluntary renunciation. The company has stopped new onboarding and is winding down existing relationships.Source 24Source 3 |
Additional business services
Sections ↑Reference table17
Specialist routes and separate costs
| Route | What to account for |
|---|---|
| FIX API | A USD 5,000 quarterly data fee may apply after three inactive months or monthly volume below USD 100 million.Source 16 |
| Strategy providers | The copy service allows assessed providers to publish a strategy and set its performance fee. Client follower outcomes can differ from a provider’s record.Source 20 |
| Premium support | The benefits program is separate from the Pro/Elite trading tariff; obtain the actual tier qualification and included VPS service before relying on an entitlement.Source 22 |
Sources & further reading
- Current international website and eligibility disclosure SQ Sey Ltd · Accessed 12 Oct 2026
- SquaredPro and SquaredElite account comparison SQ Sey Ltd · Accessed 12 Oct 2026
- Cyprus notice: voluntary renunciation and client wind-down Squared Financial (CY) Ltd · Accessed 12 Oct 2026
- Ongoing regulatory review concerning SQ Sey Ltd — 6 August 2026 Financial Services Authority Seychelles · 6 Aug 2026 · Accessed 15 Oct 2026
- Current capital-markets directory: SQ Sey Ltd Financial Services Authority Seychelles · Accessed 12 Oct 2026
- International foreign-exchange CFDs SQ Sey Ltd · Accessed 12 Oct 2026
- International precious-metal CFDs SQ Sey Ltd · Accessed 12 Oct 2026
- Index CFDs and product information SQ Sey Ltd · Accessed 12 Oct 2026
- Futures-based CFDs SQ Sey Ltd · Accessed 12 Oct 2026
- Commodity CFDs and account access SQ Sey Ltd · Accessed 12 Oct 2026
- Stock and ETF CFDs SQ Sey Ltd · Accessed 12 Oct 2026
- MetaTrader 5 tools and supported access SQ Sey Ltd · Accessed 12 Oct 2026
- Mobile app, charts and internal transfers SQ Sey Ltd · Accessed 12 Oct 2026
- Demo account and practice platforms SQ Sey Ltd · Accessed 12 Oct 2026
- Payment eligibility, source checks and return rules SQ Sey Ltd · Accessed 12 Oct 2026
- Terms of use: July 2024 package including June 2024 client agreement SQ Sey Ltd · Accessed 12 Oct 2026
- Public Seychelles support contacts and hours SQ Sey Ltd · Accessed 12 Oct 2026
- SQ Sey Ltd official complaint form SQ Sey Ltd · Accessed 12 Oct 2026
- 100% first-deposit and 50% reload promotion SQ Sey Ltd · Accessed 12 Oct 2026
- Pelican-powered copy trading and soft/hard stop controls SQ Sey Ltd · Accessed 12 Oct 2026
- Traden AI assistant and portal support SQ Sey Ltd · Accessed 12 Oct 2026
- Premium benefits program SQ Sey Ltd · Accessed 12 Oct 2026
- Trading announcements and schedule updates SQ Sey Ltd · Accessed 12 Oct 2026
- CySEC licensed-firm list: Squared Financial (CY) Ltd under renunciation examination Cyprus Securities and Exchange Commission · Accessed 12 Oct 2026
- CySEC settlement with Squared Financial (CY) Ltd — 25 November 2025 CySEC · Accessed 15 Oct 2026
- CySEC settlement with SQ Sey Ltd — 19 November 2025 CySEC · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.