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SquaredFinancial vs XMTrading
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
Both brokers have the same overall rating, 4.3.
SquaredFinancial has a higher minimum deposit than XMTrading, at 5000.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
SquaredFinancial offers a minimum lot size of 0.01 and a maximum lot size of 1000.0, while XMTrading offers 0.1 and 100.0.
SquaredFinancial offers a lower maximum leverage of 1:200, whereas XMTrading allows trading with up to 1:1000.
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 | 5.0 |
| Commission | 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 | 0.1 |
| Maximum lot size | 1000.0 | 100.0 |
| Spread | Variable | Variable |
| Broker type | STP, ECN | Market Maker |
| Maximal leverage (1:?) | 200 | 1000 |
| Availability | STP, ECN | Market Maker |
| Regulation | CBI (Ireland) | FSA (Seychelles), FSC (British Virgin Islands) |
| Trading Platforms | MetaTrader 4 (MT4), MT4 (via bridge) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), XMTrading App |
| Funding/Withdrawal methods | Wire Transfer | Wire Transfer, Credit Card, Multiple local methods, Sticpay |
| Account Currency | USD, GBP, EUR, CHF, JPY, NZD, CAD, SGD | USD, EUR, JPY |
| Languages | English, Spanish, French, Portuguese, Italian, Mandarin, Chinese, Polish, Indonesian, Arabic | English, Japanese, Russian, Malay, Thai, Vietnamese, Korean |
| Country | Ireland | Seychelles |
| Trading platform(s) timezone | Ireland, United Kingdom | Seychelles |
| Other trading instruments | Futures, Commodities, CFDs | Indices, Commodities, Energies, Precious Metals |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
