Squared Financial
Libertex
Squared Financial vs Libertex
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Squared Financial and Libertex 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. Libertex, established in 2012 in Limassol, Cyprus, holds licenses from CySEC with spreads from 0.0 pips and a $10 minimum deposit. In our hands-on testing across 8 scoring categories, Libertex scored 7.4/10 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 stronger regulation, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
Libertex scores 7.4/10 overall vs 7.1/10 for Squared Financial — a 0.3-point difference.
- 💵
Libertex requires just $10 to start, while Squared Financial needs $250 — Libertex is 25x more accessible.
- 📈
Squared Financial offers 400+ instruments vs 300+ at Libertex — a notable difference in market coverage.
- 🖥️
Squared Financial runs on MT4, MT5, while Libertex uses Libertex Platform, MT4, MT5 — different ecosystems for different trading styles.
Our Verdict
Squared Financial
Score: 7.1/10 · Wins 1 categories- Top-tier regulation and fund safety are your priority
- You prefer Squared Financial's trading environment overall
Libertex
Score: 7.4/10 · 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 ($10)
Libertex takes the lead with an overall score of 7.4/10 compared to 7.1/10, winning in 3 out of 8 scoring categories. Libertex stands out for lower trading costs and better customer support, while Squared Financial fights back with stronger regulation.
Detailed Verdict
After testing both brokers with real accounts, Libertex comes out ahead with a 7.4/10 overall rating, winning 3 out of 8 categories. Its strongest area is Trading Costs where it scores 7.5/10. Libertex 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 1 category. Traders who value stronger regulation may find Squared Financial the better fit. For a complete breakdown, read our full Libertex review and Squared Financial review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
Libertex wins by 0.5 points
Squared Financial wins by 0.5 points
Libertex wins by 0.5 points
Libertex wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.1/10 | 7.4/10 ✓ |
| Min Deposit Lower is better | $250 | $10 ✓ |
| Max Leverage | 1:500 | 1:500 |
| Spreads From | 0.0 pips | 0.0 pips |
| Platforms | MT4, MT5 | Libertex Platform, MT4, MT5 |
| Regulation | CySEC | CySEC |
| Founded Older track record highlighted | 2005 ✓ | 2012 |
| Markets | 400+ ✓ | 300+ |
Fees & Costs
When it comes to trading costs, Libertex has the edge with a score of 7.5/10 versus 7/10 for Squared Financial. Squared Financial offers spreads starting from 0.0 pips, while Libertex starts from 0.0 pips. The minimum deposit at Squared Financial is $250, compared to $10 at Libertex. 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 Libertex. Squared Financial provides MT4, MT5, while Libertex offers Libertex Platform, 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 Libertex holds licenses from CySEC (Tier 1). Squared Financial scores 7.5/10 and Libertex scores 7/10 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 Libertex 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 Libertex provides 24/5 Live Chat, Email 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 Libertex scores 7.5/10. Squared Financial accepts Bank Transfer, Credit Card, Skrill, Neteller, and Libertex supports Bank Transfer, Credit Card, Skrill, Neteller, Crypto. Processing times, fees, and available currencies vary. Squared Financial requires a minimum deposit of $250 versus $10 for Libertex. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose Squared Financial if you...
- Top-tier regulation and fund safety are your priority
- You prefer Squared Financial's trading environment overall
Choose Libertex 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 ($10)
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is Squared Financial better than Libertex?
Libertex scores higher overall (7.4/10 vs 7.1/10), winning 3 of 8 categories. However, Squared Financial is stronger in stronger regulation. The best choice depends on what matters most to your trading style.
Which has lower fees, Squared Financial or Libertex?
Libertex scores higher for trading costs. Squared Financial offers spreads from 0.0 pips with a $250 minimum deposit, while Libertex starts from 0.0 pips with $10 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. Libertex is regulated by CySEC with a score of 7/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Squared Financial or Libertex?
Squared Financial scores 7.5/10 for platforms. Squared Financial offers MT4, MT5, while Libertex provides Libertex Platform, 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 Libertex?
Squared Financial requires a minimum deposit of $250, while Libertex requires $10. Libertex 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.