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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Trade245

South Africa | 2-5 years |
Suspicious Regulatory License | MT4 Full License | Suspicious Overrun | High potential risk

https://www.trade245.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

Trade245-Demo

United Kingdom
MT4
11

Influence

C

Influence index NO.1

South Africa 5.69
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

11
Server Name
Trade245-Demo MT4
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

South Africa 5.69
Surpassed 22.20% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+27 (0) 87 828 8245
support@trade245.com
https://www.trade245.com/
Wetton Works, 14 Mercury Crescent, Wetton, Cape Town, 7780; South Africa

Licenses

Licensed Entity:Red Pine Capital (PTY) LTD

License No. 46044

Warning: Low score, please stay away!
2025-04-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
3

Basic Information

Registered Region
South Africa
Operating Period
2-5 years
Company Name
Trade245 (Pty) Ltd
Customer Service Email Address
support@trade245.com
Contact Number
+270878288245
Company Website

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

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

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

2021-08-29

FX9302731602

South Africa

Trade245 is a scam and should be banned

Exposure

2021-01-27

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

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

10
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Official website

Website

  • trade245.com

    Server Location

    South Africa

    Website Domain Name

    trade245.com

    Server IP

    154.0.174.24

Company Summary

Trade245Review Summary
Founded2020-04-14
Registered Country/RegionSouth Africa
RegulationSuspicious clone
Market InstrumentsFX pairs, indices, stocks and commodities CFDs
Demo Account
LeverageUp to 1:500
SpreadFrom 0 pips
Trading PlatformMT4/MT5(Windows/Android/iOS)
Min Deposit$5 or R95
Customer SupportEmail: support@trade245.com, info@trade245.com
Phone number: +27(0) 87 828 8245
Instagram/Facebook

Trade245 Information

Trade245 is a broker. The tradable instruments with a maximum leverage of 1:500 include FX pairs, indices, stocks, commodities, CFDs, and more. The broker also provides seven accounts. The minimum spread is from 0 pips. Trade245 is still risky due to its suspicious clone status.

 broker

Pros and Cons

Pros Cons
Leverage up to 1:500Demo account unavailable
MT4 and MT5 availableUnspecific transfer time and fee information
Spread as low as 0 pipNo 24/7 customer support
Various tradable instrumentsSuspicious clone

Is Trade245 Legit?

Although Trade245 is regulated by the FSCA with license type Financial Service Corporate and license number 46044, the current status is suspicious clone, so investment risks cannot be avoided completely.

regulated
regulated

What Can I Trade on Trade245?

Trade245 offers various market instruments, including FX pairs, indices, stocks, commodities, CFDs, and more.

Tradable Instruments Supported
Forex pairs
Commodities CFDs
Stocks
Indices

Account Type

Trade245 has seven account types: Bonus 100, No bonus, Swap free, Zero Spread, Bonus 245, Bonus rescue, and Micro.

Account Type Bonus 100No BonusSwap FreeZero SpreadBonus 245Bonus RescueMicro
Leverage1:5001:5001:5001:5001:5001:5001:500
SpreadsFrom 1 pipFrom 1 pipFrom 1 pipFrom 0 pipFrom 1 pipFrom 1 pipFrom 1 pip
BonusInclude(100%)ExcludeExcludeExcludeInclude(245%)Include(25%)Exclude

Trade245 Fees

The spreads vary among different account types on Trade245. For example, the spread of the Zero Spread account starts from 0 pips, and the spreads of some other accounts start from 1 pip, all of which are variable spreads. Some account types charge a commission of $10 per lot.

Leverage

The maximum leverage is 1:500,meaning that profits and losses are magnified 500 times.

Trading Platform

Trade245 cooperates with the authoritative MT4 and MT5 trading platforms, which are available on Windows, Android, and iOS. Junior traders prefer MT4 over MT5, while traders with rich experience are more suitable for MT5. MT4 and MT5 provide various trading strategies and implement EA systems.

Trading PlatformSupported Available Devices Suitable for
MT4Windows/Android/iOSJunior traders
MT5Windows/Android/iOSExperienced traders

Deposit and Withdrawal

The minimum deposit amount is $5 or 95 Rand (when paying through the dashboard/portal), and the minimum deposit amount for cryptocurrency is $60. Trade245 supports various deposit methods, such as credit cards (like VISA, etc.), e-wallets (such as Skrill, Moneybookers, etc.), mobile payments (M PESA), and cryptocurrencies (such as Bitcoin, etc.). Withdrawal methods include bank transfers, cryptocurrencies (only Bitcoin ATMs), etc. For approved customer information, the withdrawal processing speed is relatively fast. Withdrawals from FNB Bank will be credited within a few hours, and withdrawals from other banks will be credited within at most 24 hours.

deposit

Bonus

Some accounts on Trade245 have a bonus mechanism. For instance, the Bonus 100 account offers a 100% bonus, the Bonus 245 account has a bonus as high as 245%, and the Bonus Rescue account provides a 25% bonus according to the drawdown situation.

Keywords

  • 2-5 years
  • Suspicious Regulatory License
  • MT4 Full License
  • MT5 Full License
  • Suspicious Overrun
  • High potential risk

News

WikiFX Fraud Alert: Do not trust Trade245!!!

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 Why is Forex trading in Africa booming at such a rapid pace?

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