Squared Financial

Squared Financial

🟢 Tier 1 Regulated
7.1
/ 10
vs
Orbex

Orbex

🟢 Tier 1 Regulated
7.0
/ 10

Squared Financial vs Orbex

A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.

Squared Financial and Orbex 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. Orbex, established in 2011 in Limassol, Cyprus, holds licenses from CySEC with spreads from 0.0 pips and a $200 minimum deposit. In our hands-on testing across 8 scoring categories, Squared Financial scored 7.1/10 overall compared to Orbex's 7/10, making it the stronger pick for most traders. That said, Orbex holds its own with lower trading costs and superior education resources, so your ideal broker depends on what you prioritize in a trading partner.

Key Differences at a Glance

  • 📊

    Squared Financial scores 7.1/10 overall vs 7/10 for Orbex — a 0.1-point difference.

  • 💵

    Orbex requires just $200 to start, while Squared Financial needs $250 — Orbex is 1x more accessible.

  • 📈

    Squared Financial offers 400+ instruments vs 300+ at Orbex — a notable difference in market coverage.

  • 🖥️

    Squared Financial runs on MT4, MT5, while Orbex uses MT4 — different ecosystems for different trading styles.

  • The biggest gap is in Platforms & Tools: Squared Financial scores 7.5 vs 6.5 for Orbex — a 1.0-point difference.

Our Verdict

🏆 WINNER
Squared Financial

Squared Financial

Score: 7.1/10 · Wins 2 categories
  • You need advanced trading platforms and tools
  • You want access to a wider range of instruments
  • You prefer Squared Financial's trading environment overall
Orbex

Orbex

Score: 7.0/10 · Wins 2 categories
  • You want lower spreads and trading fees
  • You're a beginner who values learning resources
  • You prefer a low minimum deposit ($200)

Squared Financial takes the lead with an overall score of 7.1/10 compared to 7/10, winning in 2 out of 8 scoring categories. Squared Financial stands out for better trading platforms and wider product range, while Orbex fights back with lower trading costs and superior education resources.

Detailed Verdict

After testing both brokers with real accounts, Squared Financial comes out ahead with a 7.1/10 overall rating, winning 2 out of 8 categories. Its strongest area is Platforms & Tools where it scores 7.5/10. Squared Financial holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Orbex is not without merit — it scores 7/10 overall and excels in Trading Costs (7.5/10), winning 2 categories. Traders who value lower trading costs or superior education resources may find Orbex the better fit. For a complete breakdown, read our full Squared Financial review and Orbex review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.

Score Breakdown

Squared Financial
Orbex
Trading Costs
7.0 7.5

Orbex wins by 0.5 points

Platforms & Tools
7.5 6.5

Squared Financial wins by 1.0 points

Regulation & Trust
7.5 7.5
Education
6.5 7.0

Orbex wins by 0.5 points

Customer Service
7.0 7.0
Research & Analysis
7.0 7.0
Deposit & Withdrawal
7.0 7.0
Product Range
7.0 6.5

Squared Financial wins by 0.5 points

Full Feature Comparison

Structured broker facts pulled from the shared broker dataset.
Feature
Overall Score
7.1/10
7.0/10
Min Deposit
Lower is better
$250
$200
Max Leverage
1:500
1:500
Spreads From
0.0 pips
0.0 pips
Platforms
MT4, MT5
MT4
Regulation
CySEC
CySEC
Founded
Older track record highlighted
2005
2011
Markets
400+
300+
Squared Financial: 0 Orbex: 1
💰

Fees & Costs

🏅 Section Winner: Orbex (7.0 vs 7.5)

When it comes to trading costs, Orbex 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 Orbex starts from 0.0 pips. The minimum deposit at Squared Financial is $250, compared to $200 at Orbex. 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.

Squared Financial
7.0
Orbex
7.5
Squared Financial: 1 Orbex: 1
🖥️

Trading Platforms

🏅 Section Winner: Squared Financial (7.5 vs 6.5)

Squared Financial scores 7.5/10 for platforms compared to 6.5/10 for Orbex. Squared Financial provides MT4, MT5, while Orbex offers MT4. 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.

Squared Financial
7.5
Orbex
6.5
Squared Financial: 1 Orbex: 1
🛡️

Regulation & Safety

Regulation is crucial for fund safety. Squared Financial is regulated by CySEC (Tier 1), while Orbex holds licenses from CySEC (Tier 1). Squared Financial scores 7.5/10 and Orbex 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.

Squared Financial
7.5
Orbex
7.5
Squared Financial: 1 Orbex: 2
📚

Education & Research

🏅 Section Winner: Orbex (6.5 vs 7.0)

For learning resources, Orbex leads with 7/10 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 Orbex 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.

Squared Financial
6.5
Orbex
7.0
Squared Financial: 1 Orbex: 2
🎧

Customer Support

Squared Financial offers 24/5 Live Chat, Email, Phone and scores 7/10, while Orbex provides 24/5 Live Chat, Email, Phone with a score of 7/10. 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.

Squared Financial
7.0
Orbex
7.0
Squared Financial: 1 Orbex: 2
💳

Deposit & Withdrawal

Squared Financial scores 7/10 for deposits and withdrawals, while Orbex scores 7/10. Squared Financial accepts Bank Transfer, Credit Card, Skrill, Neteller, and Orbex supports Bank Transfer, Credit Card, Skrill, Neteller. Processing times, fees, and available currencies vary. Squared Financial requires a minimum deposit of $250 versus $200 for Orbex. Always check withdrawal conditions and any potential fees before funding your account.

Squared Financial
7.0
Orbex
7.0

Which Broker Is Right for You?

Squared Financial

Choose Squared Financial if you...

  • You need advanced trading platforms and tools
  • You want access to a wider range of instruments
  • You prefer Squared Financial's trading environment overall
Visit Squared Financial
Orbex

Choose Orbex if you...

  • You want lower spreads and trading fees
  • You're a beginner who values learning resources
  • You prefer a low minimum deposit ($200)
Visit Orbex

🗳️ Which Broker Do You Prefer?

Cast your vote — see what other traders think

Frequently Asked Questions

Is Squared Financial better than Orbex?

Squared Financial scores higher overall (7.1/10 vs 7/10), winning 2 of 8 categories. However, Orbex is stronger in lower trading costs and superior education resources. The best choice depends on what matters most to your trading style.

Which has lower fees, Squared Financial or Orbex?

Orbex scores higher for trading costs. Squared Financial offers spreads from 0.0 pips with a $250 minimum deposit, while Orbex starts from 0.0 pips with $200 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. Orbex is regulated by CySEC 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 Orbex?

Squared Financial scores 7.5/10 for platforms. Squared Financial offers MT4, MT5, while Orbex provides MT4. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.

What's the minimum deposit for Squared Financial vs Orbex?

Squared Financial requires a minimum deposit of $250, while Orbex requires $200. Orbex 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.

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