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Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The WikiFX Score of this broker is reduced because of too many complaints!

Trade245

South Africa | 5-10 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 5.14
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 5.14
Surpassed 22.30% 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, South Africa, 7780

Licenses

Licensed Entity:Red Pine Capital (PTY) LTD

License No. 46044

Warning: Low score, please stay away!
2025-08-01
  • 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
5-10 years
Company Name
Trade245 (Pty) Ltd
Customer Service Email Address
support@trade245.com
Contact Number
+270878288245

vukosi cliford

Unverified

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

Unverified

South Africa

stay away from this broker

Exposure

2021-09-25

FX3356815917

Unverified

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

Summery

Unverified

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

Lucky明

Unverified

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

Unverified

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

FX2113579055

Unverified

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

Unverified

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

Unverified

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

Unverified

South Africa

Trade245 is a scam and should be banned

Exposure

2021-01-27

10
Account
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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
Founded2020
Registered Country/RegionSouth Africa
RegulationFSCA (Unverified)
Market InstrumentsForex, indices, stocks, commodities, CFDs
Demo Account/
LeverageUp to 1:500
SpreadFrom 0.0 pip
Trading PlatformMT4, MT5
Minimum Deposit$0
Customer SupportTel: +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.

info

Pros and Cons

ProsCons
Various trading productsUnverified status
Seven account typesNo demo account
MT4, MT5 support
No minimum deposit requirement
Multi-lingual support

Is Trade245 Legit?

Regulated AuthorityFinancial Sector Conduct Authority (FSCA)
Current StatusUnverified
Regulated CountrySouth Africa
Regulated EntityRed Pine Capital (PTY) LTD
License TypeFinancial Service Corporate
License No.46044
license

What Can I Trade on Trade245?

Tradable InstrumentsSupported
Forex
Indices
Stocks
Commodities
CFDs
Bonds
Cryptocurrencies
ETFs
assets

Account Type

Account TypeLeverageSpreadPlatform
Bonus 1001:500From 1 pipMT4
No Bonus1:500From 1 pipMT4
Swap Free1:500From 1 pipMT4
Zero Spread1:500From 0 pipMT4
Bonus 2451:500From 1 pipMT4
Bonus Rescue1:500From 1 pipMT4
Micro1:500From 1 pipMT4 & MT5
Account Type
Account Type

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 SpreadBonus
Bonus 100From 1 pipIncluded (100%)
No BonusFrom 1 pipExcluded
Swap FreeFrom 1 pipExcluded
Zero SpreadFrom 0 pipExcluded
Bonus 245From 1 pipIncluded (245%)
Bonus RescueFrom 1 pipIncluded (25%} Drawdown)
MicroFrom 1 pipExcluded

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4PC, web, mobileBeginners
MT5PC, web, mobileExperienced traders
Trading Platform
Trading Platform

Deposit and Withdrawal

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

Deposit and Withdrawal

Keywords

  • 5-10 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

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

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

Forex trading has long been a popular way for traders and investors all over the world to make money by profiting on currency swings and market volatility.

2022-06-12 11:00

DANGOTE WOULD INVEST IN THE STEEL INDUSTRY AND STOP OBTAINING FOREX FROM THE CBN.

News DANGOTE WOULD INVEST IN THE STEEL INDUSTRY AND STOP OBTAINING FOREX FROM THE CBN.

In keeping with its commercial development strategy, the Dangote Group said on Thursday that it was diversifying into the steel sector due to its huge potential.

2022-05-29 12:30

Louis Jnr Tshakoane – Undercover Trillionaire?

News Louis Jnr Tshakoane – Undercover Trillionaire?

The last installation of the top 4 most controversial forex traders in South Africa is Louis Jnr Tshakoane, the most followed forex trader in the country, many know of or atleast heard of this man, as most of us know at age of 15 Loius Jnr wrote a letter to Sir Richard Branson and managed to secure sponsorship from the business mogul in the form of gym equipment and a cash donation, totaling around 250 000 USD, this was in an effort to help disenfranchised youth, which is significant seeing that Louis Jnr actually came from a wealthy family.

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