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SquaredFinancial vs Tier1FX
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 Tier1FX (3.7).
SquaredFinancial has a higher minimum deposit than Tier1FX, at 5000.0.
Both platforms offer their clients demo accounts, mobile trading, scalping, MAM/PAMM.
Traders should note that
both companies offer the same minimum lot size 0.01, but SquaredFinancial has a maximum lot size of 1000.0, while Tier1FX offers 50.0.
SquaredFinancial offers a greater leverage limit of 1:200, whereas Tier1FX allows a maximum of only 1:30.
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 | 500.0 |
| Commission | 0.0 | 5.0 |
| 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 | 50.0 |
| Spread | Variable | - |
| Broker type | STP, ECN | STP, ECN, DMA |
| Maximal leverage (1:?) | 200 | 30 |
| Availability | STP, ECN | STP, ECN, DMA |
| Regulation | CBI (Ireland) | MFSA (Malta) |
| Trading Platforms | MetaTrader 4 (MT4), MT4 (via bridge) | MetaTrader 4 (MT4), JForex, Fortex 6 |
| Funding/Withdrawal methods | Wire Transfer | Wire Transfer, Neteller |
| Account Currency | USD, GBP, EUR, CHF, JPY, NZD, CAD, SGD | USD, GBP, EUR |
| Languages | English, Spanish, French, Portuguese, Italian, Mandarin, Chinese, Polish, Indonesian, Arabic | English, Spanish, Italian, Chinese, Croatian |
| Country | Ireland | Malta |
| Trading platform(s) timezone | Ireland, United Kingdom | Malta |
| Other trading instruments | Futures, Commodities, CFDs | Commodities, Energies, CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
