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SquaredFinancial vs iFOREX
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, SquaredFinancial currently holds a stronger overall rating (4.3) than iFOREX (4.2).
SquaredFinancial has a higher minimum deposit than iFOREX, at 5000.0.
Both platforms offer their clients demo accounts, mobile trading.
SquaredFinancial offers a lower maximum leverage of 1:200, whereas iFOREX allows trading with up to 1:400.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 5000.0 | 20.0 |
| Commission | 0.0 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 1000.0 | - |
| Spread | Variable | Variable |
| Broker type | STP, ECN | Market Maker |
| Maximal leverage (1:?) | 200 | 400 |
| Availability | STP, ECN | Market Maker |
| Regulation | CBI (Ireland) | FSC (British Virgin Islands), CySEC (Cyprus) |
| Trading Platforms | MetaTrader 4 (MT4), MT4 (via bridge) | Web Platform, Mobile App |
| Funding/Withdrawal methods | Wire Transfer | Wire Transfer, Credit Card, Debit Card, Paypal, Neteller, UnionPay, Skrill, Crypto, Astropay, USDT, Visa, Mastercard |
| Account Currency | USD, GBP, EUR, CHF, JPY, NZD, CAD, SGD | USD |
| Languages | English, Spanish, French, Portuguese, Italian, Mandarin, Chinese, Polish, Indonesian, Arabic | English, Spanish, Thai, Arabic, Hindi |
| Country | Ireland | British Virgin Islands |
| Trading platform(s) timezone | Ireland, United Kingdom | Greece |
| Other trading instruments | Futures, Commodities, CFDs | CFDs, Share CFDs, Other, Cryptos*, CFDs: Indices, Commodities, Energies |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
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