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SquaredFinancial vs Rakuten Securities Australia
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 Rakuten Securities Australia (2).
SquaredFinancial has a higher minimum deposit than Rakuten Securities Australia, at 5000.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
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 Rakuten Securities Australia offers 100.0.
SquaredFinancial offers a lower maximum leverage of 1:200, whereas Rakuten Securities Australia 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 | 50.0 |
| 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 | 100.0 |
| Spread | Variable | Fixed |
| Broker type | STP, ECN | ECN, Market Maker |
| Maximal leverage (1:?) | 200 | 400 |
| Availability | STP, ECN | ECN, Market Maker |
| Regulation | CBI (Ireland) | ASIC (Australia) |
| Trading Platforms | MetaTrader 4 (MT4), MT4 (via bridge) | MetaTrader 4 (MT4) |
| Funding/Withdrawal methods | Wire Transfer | Wire Transfer, Neteller, Skrill, BPay, Internal transfer, Local Deposits |
| Account Currency | USD, GBP, EUR, CHF, JPY, NZD, CAD, SGD | USD, GBP, EUR, AUD |
| Languages | English, Spanish, French, Portuguese, Italian, Mandarin, Chinese, Polish, Indonesian, Arabic | English, Japanese, Mandarin, Chinese, Korean, Romanian |
| Country | Ireland | Australia |
| Trading platform(s) timezone | Ireland, United Kingdom | Hong Kong, Japan, Malaysia |
| Other trading instruments | Futures, Commodities, CFDs | Commodities, CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
