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This register is not a regulator. Every status links to the regulator's own notice or register entry.

341 firms on file · 202 identified entity records 73 carry a published regulator notice

Caution

RECORD BW-4093LICENSED — WITH A STRUCTURAL CAVEAT

Squared Financial

2 legal entities are on file for this firm, across 2 jurisdictions. None of them is a financial-services licence we could verify.

Caution means: The group holds a licence we could verify, but the record shows a caveat you have to read: an offshore entity in the same structure, a registration that is not a financial licence, or leverage well above tier-1 retail caps.

LAST CHECKED
2026-09-15
ENTITIES
2
JURISDICTIONS
2
BEST TIER
—
CONFIDENCE
MEDIUM
REGISTER SYNC
2026-11-05

Jurisdiction gap — read this before you deposit

No live tier-1 licence on file. Supervision listed: None confirmed — named in a CySEC settlement decision.

A group can hold a tier-1 licence and still onboard you through an offshore entity in the same structure. The licence protects clients of the entity that holds it — not every client of the brand. Check which company name appears on your own client agreement, then look that company up in the table below.

Entity-by-entity licence record

One row per legal entity in this firm's structure. Numbers are reproduced exactly as published; every row links to the source we read them from.

Legal entityAuthority / registryNumberJurisdictionTierWhat it isSource
Squared Financial (CY) LtdCySEC (licence under voluntary renunciation)329/17CyprusT2no longer activeFinancial licencecysec.gov.cyhttps://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/43653/
SQ Sey LtdNone confirmed — named in a CySEC settlement decisionnot verifiedSeychellesT3No supervision on filecysec.gov.cyhttps://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=38890057-f492-4c94-924b-2efd323d29ef

Scroll the register sideways — the entity column stays pinned.

1 row is a company registration, not financial supervision

A registration number issued by a company registry — St Vincent and the Grenadines, Saint Lucia, the Marshall Islands, a BVI or Comoros IBC — records only that a company exists. It carries no conduct supervision, no client-money segregation requirement and no compensation scheme. Rows marked company registration above are printed because the firm cites them, not because they protect you.

  • no number verifiedSQ Sey Ltd — Seychelles
Paste any number above into the named authority's own search. If a number a firm advertises does not return that firm on the authority's register, treat the claim as unverified.

What the record says

Statements of fact drawn from the entities above. Each one is checkable against a source URL in the licence table.

  1. F01Squared Financial's own announcement states that Squared Financial (CY) Ltd has formally initiated a voluntary renunciation of its CIF licence, authorisation number 329/17, and will no longer onboard new clients under CySEC.
  2. F02CySEC published a board decision on 19 November 2025 recording a settlement of EUR 50,000 with SQ Sey Ltd over a possible violation of the authorisation requirements of article 5(1) of the Investment Services and Activities and Regulated Markets Law between 26 October 2022 and 16 September 2024.
  3. F03The company's own account page lists a zero minimum deposit on its entry account and a 500 USD minimum on its second account type.
  4. F04The CySEC entity is registered in Cyprus under company registration number 355968.
  5. F05CySEC published a board decision (10 November 2025, announced 25 November 2025) recording a settlement of EUR 35,000 with Squared Financial (CY) Ltd (LEI 2138006IEDCTKI2HO915) for a possible violation of Article 42 of Regulation (EU) No 600/2014 concerning compliance with CySEC Directive OD87-09 on the restriction of CFD distribution to retail clients during the period 26 October 2022 to 16 September 2024; the company has already paid the amount (https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=7608f5a0-d566-4ce7-8458-3f730a4ddb8d).

Not verified at last check

Recorded openly rather than filled with a plausible guess. A blank on this register means we could not confirm it on 2026-09-15.

  • not verifiedfounded
  • not verifiedspreadEurusd
  • not verifiedsegregatedFunds and negativeBalanceProtection
  • not verifiedstatus of any Seychelles licence
  • not verifiednegative balance protection

Account conditions on file

As published by the firm. Blank fields were not confirmed.

Incorporated
not verified
Registered office
Limassol, Cyprus
Minimum deposit
0 USD
Leverage offered
1:30 (CySEC retail)
Quoted EUR/USD spread
not verified
Trading systems
MT4 · MT5
Account tiers
Standard · Pro · Demo
Leverage above a tier-1 retail cap is normally only available through an offshore entity. If the figure above is far above 1:30, check which entity is offering it in the licence table.

Sources

Every URL below was read before this record was published.

PublisherDocumentRETRIEVED
CySEC (licence under voluntary renunciation)Squared Financial (CY) Ltd — Cyprushttps://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/43653/2026-09-15
None confirmed — named in a CySEC settlement decisionSQ Sey Ltd — Seychelleshttps://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=38890057-f492-4c94-924b-2efd323d29ef2026-09-15

Register office

Checked by
Priya Nair · Register office · Regulation & Safety Lead

Every entity row on this record was checked against the authority's own database or the firm's own published legal page. Where no number was published, the field is left as “not verified” rather than filled.