Squared Financial
Blueberry Markets
Squared Financial vs Blueberry Markets
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Squared Financial and Blueberry Markets are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Squared Financial, founded in 2005 and headquartered in Limassol, Cyprus, is regulated by CySEC and offers spreads starting from 0.0 pips with a minimum deposit of $250. Blueberry Markets, established in 2016 in Melbourne, Australia, holds licenses from ASIC with spreads from 0.0 pips and a $100 minimum deposit. In our hands-on testing across 8 scoring categories, Blueberry Markets scored 7.3/10 overall compared to Squared Financial's 7.1/10, making it the stronger pick for most traders. That said, Squared Financial holds its own with more research tools and wider product range, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
Blueberry Markets scores 7.3/10 overall vs 7.1/10 for Squared Financial — a 0.2-point difference.
- 💵
Blueberry Markets requires just $100 to start, while Squared Financial needs $250 — Blueberry Markets is 3x more accessible.
- 📈
Squared Financial offers 400+ instruments vs 300+ at Blueberry Markets — a notable difference in market coverage.
- ⚡
The biggest gap is in Trading Costs: Blueberry Markets scores 8.0 vs 7.0 for Squared Financial — a 1.0-point difference.
Our Verdict
Squared Financial
Score: 7.1/10 · Wins 2 categories- You want access to a wider range of instruments
- You rely on in-depth research and analysis tools
- You prefer Squared Financial's trading environment overall
Blueberry Markets
Score: 7.3/10 · Wins 3 categories- You want lower spreads and trading fees
- Responsive customer support matters to you
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($100)
Blueberry Markets takes the lead with an overall score of 7.3/10 compared to 7.1/10, winning in 3 out of 8 scoring categories. Blueberry Markets stands out for lower trading costs and better customer support, while Squared Financial fights back with more research tools and wider product range.
Detailed Verdict
After testing both brokers with real accounts, Blueberry Markets comes out ahead with a 7.3/10 overall rating, winning 3 out of 8 categories. Its strongest area is Trading Costs where it scores 8.0/10. Blueberry Markets holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Squared Financial is not without merit — it scores 7.1/10 overall and excels in Platforms & Tools (7.5/10), winning 2 categories. Traders who value more research tools or wider product range may find Squared Financial the better fit. For a complete breakdown, read our full Blueberry Markets review and Squared Financial review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
Blueberry Markets wins by 1.0 points
Blueberry Markets wins by 0.5 points
Squared Financial wins by 0.5 points
Blueberry Markets wins by 0.5 points
Squared Financial wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.1/10 | 7.3/10 ✓ |
| Min Deposit Lower is better | $250 | $100 ✓ |
| Max Leverage | 1:500 | 1:500 |
| Spreads From | 0.0 pips | 0.0 pips |
| Platforms | MT4, MT5 | MT4, MT5 |
| Regulation | CySEC | ASIC |
| Founded Older track record highlighted | 2005 ✓ | 2016 |
| Markets | 400+ ✓ | 300+ |
Fees & Costs
When it comes to trading costs, Blueberry Markets has the edge with a score of 8/10 versus 7/10 for Squared Financial. Squared Financial offers spreads starting from 0.0 pips, while Blueberry Markets starts from 0.0 pips. The minimum deposit at Squared Financial is $250, compared to $100 at Blueberry Markets. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
Squared Financial scores 7.5/10 for platforms compared to 7.5/10 for Blueberry Markets. Squared Financial provides MT4, MT5, while Blueberry Markets offers MT4, MT5. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. Squared Financial is regulated by CySEC (Tier 1), while Blueberry Markets holds licenses from ASIC (Tier 1). Squared Financial scores 7.5/10 and Blueberry Markets scores 7.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, Squared Financial leads with 6.5/10 compared to 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Squared Financial and Blueberry Markets both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
Squared Financial offers 24/5 Live Chat, Email, Phone and scores 7/10, while Blueberry Markets provides 24/5 Live Chat, Email, Phone with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
Squared Financial scores 7/10 for deposits and withdrawals, while Blueberry Markets scores 7.5/10. Squared Financial accepts Bank Transfer, Credit Card, Skrill, Neteller, and Blueberry Markets supports Bank Transfer, Credit Card, Skrill, Neteller. Processing times, fees, and available currencies vary. Squared Financial requires a minimum deposit of $250 versus $100 for Blueberry Markets. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose Squared Financial if you...
- You want access to a wider range of instruments
- You rely on in-depth research and analysis tools
- You prefer Squared Financial's trading environment overall
Choose Blueberry Markets if you...
- You want lower spreads and trading fees
- Responsive customer support matters to you
- Fast and flexible deposits & withdrawals are important
- You prefer a low minimum deposit ($100)
🗳️ Which Broker Do You Prefer?
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Frequently Asked Questions
Is Squared Financial better than Blueberry Markets?
Blueberry Markets scores higher overall (7.3/10 vs 7.1/10), winning 3 of 8 categories. However, Squared Financial is stronger in more research tools and wider product range. The best choice depends on what matters most to your trading style.
Which has lower fees, Squared Financial or Blueberry Markets?
Blueberry Markets scores higher for trading costs. Squared Financial offers spreads from 0.0 pips with a $250 minimum deposit, while Blueberry Markets starts from 0.0 pips with $100 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Squared Financial safe to trade with?
Squared Financial is regulated by CySEC and scores 7.5/10 for regulation. Blueberry Markets is regulated by ASIC with a score of 7.5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Squared Financial or Blueberry Markets?
Squared Financial scores 7.5/10 for platforms. Squared Financial offers MT4, MT5, while Blueberry Markets provides MT4, MT5. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for Squared Financial vs Blueberry Markets?
Squared Financial requires a minimum deposit of $250, while Blueberry Markets requires $100. Blueberry Markets has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.