SQUARE CAPITAL Review
Square Capital offers short-term loans, although it’s worth pointing out that Square Capital’s financial product isn’t a typical one; it has some traits of a merchant cash advance as well. Essentially, Square will extend you a lump sum, and if you accept, you’ll need to repay that amount plus a flat fee (more on that below) to Square. Repayments are deducted from your daily credit and debit card sales the same as they would be in a merchant cash advance.
SQ Financial Pros & Cons
Pros
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Easy and flexible repayment
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Customizable loan amount
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No credit check or personal guarantee required
Cons
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Square only offers one type of loan, and it’s by invitation only
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Square taps into your bank account if you’re behind
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Larger loans require collateral
SQ Financial Overview
Type of Broker Non-Advisory/Executionary Broker (ECN/STP)
Regulation & Licensing Cyprus Securities and Exchange Commission Australian Securities and Investments Commission, Financial Services Authority (St Vincent & the Grenadines)
Clients Accepted from 170 countries around the world
Assets Offered Foreign Exchange, Commodities, Indices, Shares, Bonds, Futures, Cryptocurrencies
Platforms Available MetaTrader 4, MetaTrader 5
Mobile Compatibility Android and iOS
Payment Types Accepted MasterCard, Visa, American Express, Bank Transfer, Broker Transfer , Skrill, Neteller, China Union Pay, Interac or wire transfer,
SQ Financial Account Types
Features
Raw Spread Account
Standard Account
Account Currencies
AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD
AUD, USD, EUR, GBP, SGD, JPY, CHF, NZD, CAD
Available Leverage
500:1
500:1
Minimum Deposit
$100
$100
Starting Spreads
1.2 Pips
1.2 Pips
Commission Per Trade
$0
$0
Min. Lot Size Per Trade
0.01
0.01
Max Lot Size Per Trade
102
102
Demo Account
Yes
Yes
Swap/Rollover Free Option
Islamic Account
Islamic Account
Copy Trading Support
Yes
Yes
SQ Financial Compliance & Regulation
CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can be increased or decreased and the investors may lose their invested capital. The Company has no liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to, any transactions related to CFDs. Restricted Countries: Iran, North Korea, Cuba, Syria, Belarus, Myanmar (Burma), Russia, South Sudan, Venezuela, and Yemen.
‘SquaredFinancial’ and all associated names and logos are owned and operated by Squared Financial (CY) Limited, Cyprus or its affiliates, parent company and subsidiaries of the parent company.
Squared Financial (Seychelles) Ltd is authorised and regulated by FSA under license No. SD024 .
Other entities of the group include:
Squared Financial (CY) Ltd, is authorized and regulated by CySEC under license No. 329/17.