Get a complete guide to SquaredFinancial account registration, including requirements, verification steps, supported regions, and account closure processes
SquaredFinancial Account Opening Requirements
To register with SquaredFinancial, you must provide essential personal information and meet specific age and regional requirements. Applicants must be at least 18 years old or the legal age in their respective jurisdiction to open an account. This policy ensures compliance with relevant financial regulations and protects both the broker and its clients from potential legal and financial risks.
Required Personal Information Includes:
- Full Name: Must match your official identification documents such as a passport or national ID.
- Email Address: Used for account setup, verification, and important communications.
- Password: Chosen by you to secure your trading account with a combination of letters, numbers, and special characters.
- Country of Residence: Must align with SquaredFinancial's eligibility policies and supported regions.
- Mobile Number: Required for two-factor authentication and to receive account alerts and notifications.
- Date of Birth: To verify that you meet the minimum age requirement.
- Proof of Identity: A scanned copy or photo of a valid government-issued ID.
- Proof of Address: Recent utility bill, bank statement, or official correspondence not older than three months.
After submitting these details, you will need to complete the KYC (Know Your Customer) procedures by uploading the necessary documents. Providing accurate and up-to-date information from the outset will expedite your account approval process and ensure adherence to anti-money laundering (AML) regulations.
SquaredFinancial Supported and Prohibited Regions
SquaredFinancial offers its brokerage services to a wide range of global regions. However, to comply with local and international regulations, certain jurisdictions are excluded from accessing SquaredFinancial's services. Residents of these prohibited regions are not permitted to open or maintain an account with SquaredFinancial.
Prohibited Countries/Regions Include:
- United States of America
- Canada
- European Union member states
- Iran
- North Korea
- Belize
- Syria
- Sudan
- Libya
- Venezuela
If you reside outside these restricted areas, you are generally eligible to sign up and trade with SquaredFinancial. If you are uncertain about your eligibility, please refer to the broker’s official terms or contact their customer support for clarification.
SquaredFinancial Account Types
SquaredFinancial offers a diverse array of account types, each tailored to meet the specific needs and trading preferences of different traders. Whether you are a beginner looking to enter the forex market or an experienced trader seeking advanced features and competitive trading conditions, SquaredFinancial has an account that suits your requirements. Below is a comprehensive comparison of SquaredFinancial’s main account offerings:
Ultimately, selecting the most suitable SquaredFinancial account depends on your trading strategy and preferences. Traders who prioritize low commissions may favor the ECN Zero Account with its 0-point spreads and competitive transaction fees, while beginners may find the Mini Account ideal for starting with a lower financial commitment. Active day traders might prefer the Optimus Account for its optimized features, whereas the PRO Account offers a balanced option for all types of traders seeking advanced trading conditions and flexibility.
Account Opening Steps
Establishing a live trading account with SquaredFinancial is a straightforward process that can be completed from any device with internet access:
- Navigate to the SquaredFinancial official website.
- Click on the Sign Up or Register button to access the registration form.
- Fill out the registration form with your Full Name, Email Address, Password, and other required personal information.
- Select your Country of Residence and provide your Mobile Number for verification purposes.
- Complete the KYC Verification by uploading a valid government-issued ID and proof of address.
- Once your account is verified, deposit funds using one of the available payment methods, such as bank transfer, credit/debit card, or e-wallet services.
- Choose your desired account type based on your trading needs and preferences.
- Download and install the MT4 or MT5 trading platform if applicable.
- Log in to your Client Portal, and you are ready to start trading with SquaredFinancial.
This seamless process ensures compliance with international KYC and AML standards, providing a secure and efficient way to begin your trading journey. After successful verification and funding, you can access the Client Portal to manage your account, monitor your trades, and utilize various trading tools and resources offered by SquaredFinancial.
How to Close SquaredFinancial Account
If you decide to discontinue your trading activities with SquaredFinancial, you can easily close or deactivate your account by following these simple steps:
- Log into the SquaredFinancial Client Portal using your registered email and password.
- Navigate to the Support Center or Help Desk section within the portal.
- Create a new support ticket and select the option to Close Account or Deactivate Account.
- Provide the necessary details and confirmation to request the closure of your account.
- The SquaredFinancial support team will process your request and confirm the closure of your account via email.
Once your account is closed, all trading activities will cease, and any remaining funds will be processed for withdrawal according to SquaredFinancial's withdrawal policies. If you wish to resume trading in the future, you may need to reopen a new account and complete the necessary verification steps again, subject to current terms and conditions.
FAQs
What personal information do I need to register?
To register with SquaredFinancial, you must provide your full name, email address, password, country of residence, mobile number, and date of birth. Additionally, you will need to submit proof of identity and proof of address documents for KYC verification.
Are there any age restrictions to open an account?
Yes. SquaredFinancial’s trading services are available exclusively to individuals who are 18 years or older, or of legal age in their country of residence. This ensures compliance with financial regulations and protects both the broker and its clients.
Are there any country restrictions?
SquaredFinancial does not provide services to residents of the United States, Canada, EU member states, Iran, North Korea, Belize, Syria, Sudan, Libya, Venezuela, and other restricted regions. If you are unsure about your eligibility, please refer to the broker’s terms or contact their customer support for confirmation.
How do I open an account with SquaredFinancial?
Simply visit SquaredFinancial’s website and complete the registration form by entering the required personal information. Proceed through the KYC verification by uploading the necessary documents, then deposit funds to begin trading on your chosen account type.
How do I close my SquaredFinancial account?
To close your account, log into the SquaredFinancial Client Portal, access the Support Center, and submit a ticket requesting the closure or deactivation of your account. The support team will process your request and confirm the closure via email.
Can I change my account type or base currency after opening my SquaredFinancial account?
No, once your trading account has been established, it is not possible to alter the account type or base currency directly. However, you can open additional accounts with different account types and base currencies to better suit your trading needs and strategies.
How many accounts can I have with SquaredFinancial?
You are permitted to open up to five live trading accounts, each with a different base currency, using a single email address. Additionally, you can create up to three demo accounts per currency, allowing you to practice and develop your trading strategies without any financial risk.
Can I have multiple account types with the same base currency?
Yes, you can open multiple account types even if they share the same base currency. This flexibility allows you to customize each account to specific trading preferences and strategies, enhancing your overall trading experience.
How do I open additional accounts with different base currencies or account types?
You can open additional accounts through the Client Portal or by contacting SquaredFinancial's dedicated customer support team. They will assist you in navigating the account setup process, ensuring that you can efficiently manage multiple accounts to align with your trading objectives.
Are there any restrictions on the types of accounts I can open with different base currencies?
SquaredFinancial offers a variety of account types to cater to diverse trading strategies and preferences. While you can choose any available account type and base currency for each new account, you are limited to a maximum of five live accounts and three demo accounts per currency using a single email address.
Why can't I change my account type or base currency within the same account?
Maintaining a consistent account type and base currency ensures the stability and integrity of your trading activities. By requiring the opening of separate accounts for different currencies or account types, SquaredFinancial provides a clear and organized structure for managing diverse trading strategies and financial objectives.
What are the benefits of opening multiple accounts with different base currencies?
Opening multiple accounts with different base currencies allows you to diversify your trading portfolio, hedge against currency risks, and capitalize on trading opportunities in various markets. This strategy can lead to a more balanced and resilient trading experience, enhancing your ability to navigate different market conditions effectively.
Can I link my multiple accounts for easier management?
While each account operates independently, you can manage all your accounts through the Client Portal, which provides a centralized platform to monitor and control your trading activities across different accounts and base currencies.
Are there any fees associated with opening multiple accounts?
SquaredFinancial does not impose additional fees for opening multiple accounts. However, it's essential to review the specific terms and conditions of each account type to understand any associated costs or requirements that may apply.
Who can I contact if I need assistance with opening or managing multiple accounts?
For any assistance related to opening or managing multiple accounts, you can reach out to SquaredFinancial's dedicated customer support team. They are available to help you navigate the account setup process and address any questions or concerns you may have, ensuring a smooth and efficient trading experience.
Published by:
Jaxon Maddox