SquaredFinancial - Seychelles 

I requested a withdrawal from Squared Financial over a month ago, and it is still marked as "pending." Despite waiting patiently and following up, I have not received my funds or a clear explanation for the delay.

A withdrawal process should not take this long without proper communication. The lack of transparency and the extended waiting period have been very disappointing.

I have been trading Forex for approximately 5 years and wanted to give this company a try. The spreads were quite good, and I was initially satisfied with the trading conditions.

However, on June 1st and June 2nd, the market did not open on your platform, which has made me very concerned. Everything was operating normally with other brokers during the same period.

I also submitted a withdrawal request, but its status has been showing "pending approval" for quite some time. Unfortunately, nobody has responded to my inquiries. I have sent emails and opened support tickets, yet I have received no reply.

The lack of a live chat service is a major drawback and makes it very difficult to get timely assistance. I would appreciate an immediate update regarding both the platform issue and my withdrawal request.

They're scammers, don't deposit anything or even enter if you don't want to lose your money like everyone else here.
son unos estafadores, no deposites no entres si no quieres perder tu dinero igual que todos aqui

My withdrawal request has been pending since March 25, 2026, and after more than 20 working days I am still receiving only vague and generic responses from support.

Each time I contact the company, I am told that the withdrawal is “under review” or “waiting for approval,” yet nobody provides:

A concrete explanation for the delay
A completion timeframe
Confirmation that verification checks are completed
Any meaningful update from the compliance team

The company advertises withdrawals within 2–5 business days, but in practice this has clearly not been my experience.

I fully understand the need for compliance and verification procedures. However, prolonged withholding of client funds without transparency, accountability, or proper communication is highly concerning and unacceptable from a regulated financial company.

At this stage, the issue is no longer just the delay itself, but the complete lack of clear information and responsibility from support.

I strongly advise potential clients to carefully consider the risks of dealing with a company that cannot provide transparent communication regarding withdrawals.

⁹WORST BROKER! THEY ARE BROKE AND THE COMPANY IS GOING DOWN. SO THEY ARE NOLONGER PAYING. AFTER TRADING WITH THEM FOR 1YEAR I TRIED TO WITHDRAW ALONG 5 FRIENDS I INTRODUCED TO THIS BROKER. THEY ONLY SENT LITTLE MONEY AND TOOK ALL OUR PROFITS.. SUBSTRATING ANY WITHDRAWALS WE HAVE EVER MADE. THEN THEY SAID THE COMPANY DOESNT HAVE MONEY TO PAY...
IF YOU ARE TRADING WITH THEM BE WARE.. THEY ARE BROKE AND ARE NOT PAYING

I really want to inform the generally public and forex forum specifically that this scam broker called squared financial has lost her integrity, relevance, honesty and trustworthiness in the financial industry. I have been trading with them for some time now, initially they were very trusted paying clients profit, they have suddenly changed denying clients profits and deposit, they are now forex trading "wolves in sheep clothings" Using abusive trading gimmicks to be seizing clients hard earned money. This nonsense must stop, my trades was cancelled and profits alongside, i was shocked to see on forex forum platform that i was not the only one been robbed of my hard earned money, it has become their ways of operation defrauding innocent victims, traders should be very careful not to invest their money with this broker anymore, they are no more reliable and trusted. I want my money back .

I was been deceived and lied to by my manager to invest my money with this scam broker, i funded my account few months ago, when i started trading initially the spread was very ok on the gold pair, later they began increasing it to over 50 pips difference from other brokers, my trades is being manipulated all the time, anytime i am on good profit, they will over widen the spread to put my account on negative, this happens not once, nor twice but continuously which is very unethical, i lay complaint to support, they said there is nothing they can do about it, i should just accept it like that, my losing trades always closed me out even before their 50% margin call/ stop out level. I never knew squared financial are into price manipulation gimmicks just to liquidate my funds, is a very sad experience, i want to advise any trader that are planning to invest with this broker to think twice before they put their money,

I am writing this as an update to my previous review.
Squared Financial has still not responded to my emails despite multiple follow-ups requesting clarification and evidence regarding the cancellation of my trading profits. The lack of response and transparency is deeply concerning.
I have formally requested a detailed explanation, including the specific clause allegedly breached and a trade-by-trade breakdown supporting their decision. To date, I have received no substantive reply.
Being ignored after raising a structured and professional complaint gives the impression that client concerns are not being treated seriously. I am still open to resolving this matter amicably, but continued silence only damages trust and confidence.
I hope Squared Financial will respond promptly and address this issue transparently.

Thank you for your reply.
I note that you have responded promptly here on Trustpilot. However, I had previously sent emails to your support/compliance team requesting clarification and proof of the alleged breach, and I have not yet received a substantive response to those emails.
You stated publicly that my initial deposit is being refunded via the original funding method. My deposit was made via cryptocurrency. As of today:
• I have not received any refund in my originating wallet
• I have not been provided with a transaction hash (TXID)
• My client portal access has been disabled
• I am now being informed that previous trading profits are being treated as the refunded capital
I respectfully request that your Compliance team provide the TXID and refund details via email so I can independently verify the transaction.
I will update this review immediately once the refund is received and confirmed.

I am Moses Ejiroghene Ubafie, this is a honest and true report of my ugly experience with this scam broker called squared financial, I am a professional forex trader and also an IB, I funded my account about a month ago, traded normally without breaching their terms and conditions, I even enter small lots size on XAU USD and made profits on different intervals, I then place withdrawals, at first, I was paid my first withdrawal after 5 working days, which was to me already a red flag that this broker is not a trusted and reliable, I complained to my manager, Mr Osas about their delay in payment. He deceived me that their crypto payment gateway has issue, that's why the delay, I later funded and keep making profits, they keep holding back my deposit and profit for 5 working days, not knowing they are not happy in the profits I am always making on their platform. Squared financial claimed they are 20 years old in the financial markets, not knowing that, they are a very broke and poor broker that cannot pay their clients when they make profits. To my greatest surprise, I place withdrawal of my own $2000 deposit I funded on their platform, after holding back my deposit for over one week, I received 3 different mails from support that my account has been terminated, my profile disabled and my $2000 deposit withdrawal declined. I asked what was the crime I committed and why are they holding back my deposit of $2000? They could not provide any tangible proof. As an IB to them, they said since my clients is not coming onboard with much deposit and my trades is very profitable, they will seize my own deposit, I have never heard such a thing in my life, which brokers behaves in such an unethical manner, how on earth can a broker unlawfully hold and seize her clients deposited funds because his referrals are not making much deposits?.I have waited for them to send me a transparent proofs of the transactions they said I violated, till now they have not come up with any.
Pls traders if you are trading with this scam broker, just know that your deposit is at risk, quickly run away from them, before is too late, I will ensure to go to any length to expose their fraudulent acts in all social forex forum and even to their regulators to revoke their license.

Good service always.

Support seems not reading it's previous answers in any support case, often require things he already received or asks for contradicting actions from customer. For example refuse add CC as payment method, then refuse other method, then ecourage to add same CC again. Or send email that bank detail are accepted while at same time is declined in client panel. Overall not very pleasant experience. At least they answer fast.

I was referred few hours ago, I can't wait to start my trading journey with you

These guys have social trading. But its a bit weird, because its under different login.
The PROs are - they dont take much %%% for themselves, so its just pro trader + me earning most of it.

No minimum deposit and trading conditions are even better than with elite acc…

I performed several withdrawal processes with the broker so far, and i used only bank wire transfers, so idk for others:

- The speed is not very prompt
+ It is secure and i got the money

Thier pro account is my favourite so far, good leverage and tight spreads, could ask for anything more really😎

Thanks for the customer service to answer promptly and give detailed info.

Idk about others, but what's there in payments is enough for me (imho).
What i would add personally:
- decrese leverage to 1:500
- analytics for daily signals