Trade245

Nepal

Trade245 is rejecting all of my withdrawal requests. My current balance is 15.102 usd and I've trying to withdraw my funds but keep rejecting all the requests claiming lack of trading activity which is not true at all since I have traded 11 lots in less than a week, and they keep pushing me to trade more lots to be able to withdraw my money. They behave like a scam broker because they have no right to retain a customer funds. Now I have asked them to terminate my account and return all my funds to the credit card used to deposit but they don't respond. I think everyone should be aware of this broker.

Exposure

09-07

pumba778

India

Trade robbed my deposit $990 I deposited $998 and lost 8$ after trading, now Trade245 rejected my withdraw request of the remaining $990

Exposure

09-03

monnison

India

I deposited funds with Trade245 and deeply regret it. Their customer service is abysmal. They bombard you with emails requesting documents, but once you submit everything, they go silent—especially when you ask about your withdrawal. It’s been over 10 days since I requested my payout. Every day, I’m told “you’ll receive it by the end of the day,” but nothing ever arrives. They keep making excuses and dragging things out. It’s clear they’re stalling, and at this point, I believe this is a scam operation. They’re quick to take your deposit but vanish when it’s time to pay out. I’ve followed every instruction, submitted every document, and still—no funds, no accountability.

Exposure

09-01

bobcat77

India

Previously had issue with trades where there is a huge gap between current price and executed opening price. After file a report to them, staff from Trade245 called me to figure out the issues that I'm facing and were willing to give a good solution. Overall not bad, recommended

Neutral

09-01

zaneep

India

I was trading with this broker since 12 April without any single withdrawal i was compounding my profits for increase good profits unfortunately what email i received. I was using hedge buy/sell long strategy which all broker allow without any problem. But the just sent me a Email that’ my account is deactivated and my trading accounts is been disabled this is pure scam

Exposure

08-27

Summery

Turkey

Trade245 rocks when it comes to customer support and trading platforms! Their team is always there to help, and the platform is smooth and user-friendly.

Positive

2024-07-25

vukosi cliford

South Africa

i funded with R42000 and i made more 400k profit now the broker doesn't want to give me my money.

Exposure

2023-10-14

Lucky明

Netherlands

My account got locked since January 7th as well as my funds. I requested a withdraw on January 12th and I havent received any respond about my funds. Poor customer support. Feels like a scam to me holding money for so long.

Neutral

2023-02-17

FX1227720679

Indonesia

I have been swindled out of my savings for almost a year. It started at 100 USD. I was enticed into pouring more money into more than one ''account'', with the promise of ''if you invest more you will gain more''. When I got suspicious I asked to get my money back. But no one processed it...

Neutral

2023-02-15

Sibusiso Freddy

South Africa

stay away from this broker

Exposure

2021-09-25

FX3356815917

Nigeria

I was trading with this broker since 12 April without any single withdrawal i was compounding my profits for increase good profits unfortunately what email i received. I was using hedge buy/sell long strategy which all broker allow without any problem. Please find attachment. Azraa Jacobs Dear Client Please note that your profile has been deactivated & your trading account(s) disabled -

Exposure

2021-09-07

FX2113579055

Nigeria

My first withdrawal requested date on 23-03-2021 they rejected and asked me to provide documents. which i have already provied and that Approved Again i requested on 25-03-2021 that rejected and got email from company to request withdraw on Skrill instead of Bankwire. Again I requested withdrawal on 26-03-2021 , 29-03-2021 then 01-04-2021 All rejected without any carouse.

Exposure

2021-09-07

talal baig

Pakistan

I have $10k in my wallet and around 900usd in my mt4 account .i have been trading with this broker since 24-02-2021. My first withdrawal requested date on 23-03-2021 they rejected and asked me to provide documents. which i have already provied and that Approved Again i requested on 25-03-2021 that rejected and got email from company to request withdraw on Skrill instead of Bankwire. Again I requested withdrawal on 26-03-2021 , 29-03-2021 then 01-04-2021 All rejected without any carouse.

Exposure

2021-08-30

FX3335963395

Nigeria

Exposure

2021-08-29

FX9302731602

South Africa

Trade245 is a scam and should be banned

Exposure

2021-01-27

Account

Related Software

Biz Area

Website

Company Summary

Disclosure

News

Wiki Q&A

Comment

Account

Environment

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Currency

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Maximum Leverage

1:500
SupportedEA
Minimum Deposit

--
Minimum Spread

From 1
Depositing Method

--
Withdrawal Method

--
Minimum Position

--
Commission

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Products

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Products

Updated： 2025-10-31

MT4/5

Full License MT4

Full License MT5

MT4 Servers

MT5 Servers

207.75

Average execution speed/ms

Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong

Meta Trader 4

Perfect

Meta Trader 5

Perfect

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Official website

Website

trade245.com

154.0.174.24

Server Location

South Africa
ICP registration

--
Most visited countries/areas

--
Domain Effective Date

--
Website

--
Company

--

Company Summary

Trade245 Review Summary
Founded	2020
Registered Country/Region	South Africa
Regulation	FSCA (Unverified)
Market Instruments	Forex, indices, stocks, commodities, CFDs
Demo Account	/
Leverage	Up to 1:500
Spread	From 0.0 pip
Trading Platform	MT4, MT5
Minimum Deposit	$0
Customer Support	Tel: +27(0) 87 828 8245
	Email: support@trade245.com
	Social Media: Instagram, Facebook
	Address: Wetton Works, 14 Mercury Crescent, Wetton,Cape Town, South Africa, 7780
	Address: Menlyn Square, Building B, 1st Floor, 132 Aramist Ave, Menlyn, Pretoria, South Africa, 0063

Founded in 2020, Trade245 was registered in South Africa. Its market instruments include forex, indices, stocks, commodities, and CFDs. Customers can use MT4 or MT5 to trade, with seven account types available, whose leverage is 1:500, with no minimum opening deposit requirement. However, investors still need to be cautious, since Trade245's license is unverified.

Pros and Cons

Pros	Cons
Various trading products	Unverified status
Seven account types	No demo account
MT4, MT5 support
No minimum deposit requirement
Multi-lingual support

Is Trade245 Legit?

Regulated Authority	Financial Sector Conduct Authority (FSCA)
Current Status	Unverified
Regulated Country	South Africa
Regulated Entity	Red Pine Capital (PTY) LTD
License Type	Financial Service Corporate
License No.	46044

What Can I Trade on Trade245?

Tradable Instruments	Supported
Forex	✔
Indices	✔
Stocks	✔
Commodities	✔
CFDs	✔
Bonds	❌
Cryptocurrencies	❌
ETFs	❌

Account Type

Account Type	Leverage	Spread	Platform
Bonus 100	1:500	From 1 pip	MT4
No Bonus	1:500	From 1 pip	MT4
Swap Free	1:500	From 1 pip	MT4
Zero Spread	1:500	From 0 pip	MT4
Bonus 245	1:500	From 1 pip	MT4
Bonus Rescue	1:500	From 1 pip	MT4
Micro	1:500	From 1 pip	MT4 & MT5

Leverage

For all account types, the leverage is 1:500. The use of leverage can both maximize profits and also increase losses. Therefore, customers still need to consider carefully before investing.

Trade245 Fees

Account	Spread	Bonus
Bonus 100	From 1 pip	Included (100%)
No Bonus	From 1 pip	Excluded
Swap Free	From 1 pip	Excluded
Zero Spread	From 0 pip	Excluded
Bonus 245	From 1 pip	Included (245%)
Bonus Rescue	From 1 pip	Included (25%} Drawdown)
Micro	From 1 pip	Excluded

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	PC, web, mobile	Beginners
MT5	✔	PC, web, mobile	Experienced traders

Deposit and Withdrawal

Investors can deposit and withdraw via VISA, Mastercard, PESA, OZOW, Skrill, Global cryptocurrency.

Keywords

5-10 years
Suspicious Regulatory License
MT4 Full License
MT5 Full License
Suspicious Overrun
High potential risk

Disclosure

Danger

Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites

Country/Region

ID BAPPEBTI

Disclosure time

2022-02-02

Disclose broker

Exposure Planning to Invest in Trade245? Read These Negative Trader Reviews First!

Setting your sights on Trade245? Think again! Traders are witnessing massive problems that extend beyond withdrawal denials. The issues include blown-up accounts due to trading manipulation, along with high spreads and commissions. As a result, traders witness only losses even when they are not supposed to. This has made the situation highly complicated for them. In this article, we have exposed Trade245 for its financially illicit acts. Read on!

2025-08-13 21:08

Exposure WikiFX Fraud Alert: Do not trust Trade245!!!

WikiFX has complied reasons to avoid trading with Trade245 in the following review.

2022-08-08 15:29

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News Louis Jnr Tshakoane – Undercover Trillionaire?

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2022-05-09 15:47

Wiki Q&A

ryad22

1-2 years

What trading instruments are available on Trade245?

Trade245 provides a range of instruments, including forex currency pairs, indices, stocks, and commodity CFDs. This allows traders to diversify their portfolios across multiple asset classes.

Does Trade245 have any cons?

Yes, Trade245 lacks regulatory credibility due to its suspicious clone status. Additionally, there is no demo account available, transfer fees and times are not clearly disclosed, and the broker does not provide 24/7 customer support. These are important considerations that may impact the user experience and fund safety.

What are the pros and cons of Trade245?

Trade245 provides MT4/MT5 support, high leverage, and multiple account types, which are attractive features for active traders. However, the platform’s suspicious clone status, lack of transparent fee structures, and missing demo account pose serious drawbacks and potential risks.

What are the details about the Trade245 fees?