Trade245 started in 2020. It’s a CFD and forex broker that’s fully authorized and registered. It works with both MT4 and MT5 platforms. The platform is easy to use and works on different systems like Windows, mobile, web, and iOS. One cool thing about this trading platform is that it only takes 24 hours to activate your account.

Besides that, Trade245 also has low trading fees for traders. It’s known as a trustworthy and safe broker, offering lots of benefits for traders. Even though it hasn’t been around for long, it’s gained a good reputation because it’s reliable and not too risky.

In this detailed review of Trade245, we’ll give you lots of information to help you decide if it’s right for you and to trade smartly. Let’s get into the details and learn more about this broker.

🏢 Headquarters Johannesburg, South Africa
🗺️ Regulation FSCA, FSA
💻 Trading platform: MetaTrader 4, MetaTrader 5
📊 Accounts: Demo, cent, VIX 75, zero-spread, Bonus 100, No Bonus, and swap-free
💰 Account currency: USD, GBP, ZAR, and USC
Trading features: Algorithmic and social trading are allowed
💵 Withdrawal: Bank transfer, SWIFT, e-wallet, debit/credit cards, electronic money transfers, Skrill, Neteller, M-Pesa, Ozow, and crypto
🚀 Minimum deposit: 100 USD
⚖️ Leverage: Up to 1:500
💼 PAMM-accounts: No
📈️ Min Order: 0.01
🎮 Demo Account No
💱 Spread: From 0 pip
🔧 Instruments: Currency pairs, trading CFDs on stocks, commodities, indices, metals, cryptocurrencies
📋 Orders execution: Market execution
☎ Customer Support 24/5
📚 Education Limited


We checked the fees charged by the broker. Trade245 offers good prices for most trading services. On certain account types, they charge $10 for each lot you trade. Additionally, there could be fees for putting money in or taking it out, depending on how you do it. Also, remember there might be other fees like swap or rollover fees while you trade. So, make sure to look closely at the broker’s fee details and rules to understand all the charges and how they could affect your trading.

Pros and Cons

Pros Cons
You can make trades fast. The rules might change depending on who you’re dealing with.
Trade245 is regulated by FSCA, which keeps an eye on it. There aren’t a lot of different things you can trade.
You can use the popular MT4 and MT5 trading platforms. Customer support isn’t available all the time.
You can trade using different currencies. There isn’t a lot of education or research available.
The trading costs are competitive.
You have different ways to add money to your account.

Trade245 Regulation and Security

When you’re picking a broker, one important thing to check is how safe your money will be and how secure the broker is. One way to do this is by looking at which authority is in charge of overseeing the broker’s activities. Trade245 is regulated by the Financial Sector Conduct Authority (FSCA), and they have a license with number 46044. They keep their clients’ money separate from their own, so it can’t be used for the broker’s expenses. Plus, they have something called negative balance protection, which means you won’t owe money if your account goes negative.

Is Trade245 safe and legit?

Yes, because it’s regulated and authorized by the Financial Sector Conduct Authority (FSCA). This means it’s a reliable choice for traders. When a big authority like the FSCA regulates trading, it helps prevent fraud and scams. So, it’s safe to trade with Trade245.

Deposits and Withdrawals

To start trading on this broker’s platform, you need to deposit at least $100 or R1683.52. If you’re new to trading with this broker, the minimum deposit can vary based on the type of account you choose. It usually takes about 72 hours for your deposit to be activated.

If your account balance falls below $5 or R84.18, it’s called a low-cut-off account. One great thing about Trade245 is that there’s no minimum deposit requirement, so you’re not forced to deposit a certain amount.

Trade245 accepts deposits and withdrawals through popular online methods like Visa/Mastercard, Skrill, MPesa, and Ozow. However, only ZAR/Rand, GBP, and USD are accepted as deposit currencies. If you deposit in a different currency, you might have to pay conversion fees.

Deposits made through the client dashboard are processed immediately. If, by chance, your deposit doesn’t show up right away, you can contact the broker’s support team to resolve the issue.

With Trade245, there are no minimum or maximum withdrawal limits. This means you can withdraw any amount you want, giving you the freedom to manage your money as you see fit. Withdrawals for approved client accounts are usually processed quickly, especially with FNB in South Africa, where they can show up within a few hours. Other banks may take up to 24 hours, but there are no restrictions on how much you can withdraw.

Ranking and Awards

We discovered that the broker offers quick trading and fair trading conditions for traders of all levels. Also, clients can trade popular trading options through well-known trading platforms. When a broker wins many awards and shows them on their website, it makes people trust the broker more as a leader in the industry. It also gives the broker a good reputation for its services. Trade245 hasn’t shown any awards on its website yet. But, since the broker is still quite new, it might not have been around long enough to get nominated for awards yet.

Trade245 Leverage

Using leverage in trading can be helpful because it lets traders enter the market with less money. But, it can also lead to big wins or big losses. So, traders need to understand how leverage works and what it can do before they start trading with it.

Trade245 offers leverage based on rules from the FSCA and FSA:

  • If you’re trading from South Africa, you can use low leverage, up to 1:30, for major currency pairs.
  • For traders from other countries, the maximum leverage is 1:500.

Investment Programs and Account types

Trade245 does not give services for investing like PAMM or MAM accounts, or ready-made asset collections. But, they give MetaTrader terminals to traders. To make money without actively trading, you can use their regular features like copying trades, using algorithms for trading, and letting expert advisors trade automatically.

Trade245 offers different types of accounts, including Bonus 100, Bonus Rescue, No Bonus, Swap Free, Zero Spread, Cent, and Weekend Trader Accounts. But, remember that the types of accounts they offer can change over time, depending on what the broker decides. Some choices, like the Swap Free and Weekend Trader Account, might only be available for a short time.

Trading Platforms

A trading platform is a special kind of computer program that people use to do trading. Each broker has its favorite platform that it uses, and sometimes brokers make their own platforms. Trade245 lets people do trading on the MetaTrader 4 and 5 platforms, which are very popular.

The MetaTrader 4 platform lets users do trading in Forex, Futures, Indices, Equities, and other things called CFDs. It’s good for traders at any level because it’s easy to use, has lots of charts and tools for looking at data, and it can even trade automatically.

Account Features

Trade245 offers various types of accounts such as Bonus 100, no bonus, swap-free, zero spread, cent, and VIX75. However, which accounts you can access depends on the specific company. That’s why traders should do thorough research before picking an account. Also, the Swap Free and VIX 75 accounts are available for a limited time, so traders should use them before they’re gone.

Key Features of Trade245 Platform

  • TradeEU provides a fast network so traders can quickly enter and exit trades.
  • The broker offers free training and support to help traders trade confidently.
  • Trades are executed swiftly.
  • Trade245 offers reliable trading platforms like MT4 and MT5.
  • It’s regulated by top financial watchdogs like FSCA.
  • Customer support is available 24/5.

Trade245 Educational Resources

Trade245 offers many educational resources to help new traders learn. The brokers have different sections with webinars and trading analyses. They also have resources for learning Forex trading and a glossary. Additionally, traders can use a demo account option for practice.

Customer Service

Customer service is really important when you’re choosing a broker to trade with. The broker needs to make sure that traders can easily get help if they have any questions or problems. Trade245 offers customer support all day and night from Monday to Friday. You can contact them by phone or email. They have experts who can help with technical stuff, give advice on analysis, answer general questions, and help with any issues you might have. You can raise questions anytime because they’re always available 24/7.

Frequently Asked Questions

What is Trade245?

Trade245 is an online broker where you can trade forex and CFDs. It offers a wide range of assets and features on a platform that’s easy to use.

Is Trade245 a good broker?

Overall, Trade245 is considered a reliable and trustworthy broker. It has average risk and competitive fees and spreads for trading.

What is the minimum deposit for Trade245?

To open a real-time trading account with Trade245, you need to deposit at least $100 or R1683.52.

What is the maximum withdrawal from Trade245?

There are no limits on the amount you can withdraw from your Trade245 account. You can withdraw any amount you wish.

How does Trade245 work?

Trade245 works similarly to exchanging currency at airports or hotels. You can exchange the currency you have for the local currency. The forex market, where Trade245 operates, is open 24 hours a day, five days a week. This allows traders to buy and sell currencies at any time, reacting to global news events as they happen.

Who Owns Trade245?

Trade245 is owned and operated by Red Pine Pvt Ltd, which is based in Johannesburg, South Africa. Their company number is 2014/220311/07.

What documents are required for Trade245?

To open an account with Trade245, you’ll need to provide some documents. These include a copy of your Passport or ID card (both front and back for ID cards), along with a bank statement that confirms the address you used during the signup process.

What documents are required to approve my personal account?

To get your personal account approved, you’ll need to submit certain documents. These include a copy of your Passport or ID card (front and back for ID cards), along with a bank statement that verifies the address you used during the signup process.

Is Trade245 Regulated?

Yes, Trade245 is a regulated broker. The Financial Sector Conduct Authority (FSCA) is the regulatory body that oversees and authorizes Trade245’s trading activities. This regulation by a recognized authority makes Trade245 more credible and trustworthy.

Which Trade245 account is the best?

The MetaTrader 4 account is considered the best option. It’s a versatile and feature-rich trading platform suitable for traders of all experience levels.

Who is the parent company of Trade245?

Trade245 is a product of Red Pine Capital (PTY) LTD, based in Johannesburg, South Africa. Red Pine Capital is an authorized financial services provider, licensed and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, with the license number 2014/220311/07.

How long does it take to withdraw money from Trade245?

Once you request a withdrawal of funds from your Trade245 account and it gets approved, the funds are usually transferred within 24 hours. So, you can expect your money to be in your account promptly after approval.

Which bank does Trade245 use?

Trade245 uses FNB bank in South Africa. Withdrawals for approved client accounts are regularly processed and usually reflect within a few hours.

How do I start my Trade245 account?

To sign up for Trade245, follow these steps:

- Go to
- Fill in your details like your name, address, and email.
- Verify your details after completing the registration.
- Log in using your account credentials, and now you have an active Trade245 live account.

What are RCG Market’s fees?

There are no fees on the Classic and Raw accounts. On the ECN account, there is a fee of $7 per full lot.

Trade245 Licenses

Red Pine Capital (PTY) LTD Authorized by FSCA (South Africa) FSP no 46044
MarketFinancials Limited Authorized by FSA (Seychelles) security dealer license no SD006


Earlier, we learned that Trade245 is a licensed broker in South Africa. It started in 2020 and has attracted many traders with its special features like no fees for withdrawing or depositing money, various trading assets, and support for MT4 and MT5 platforms. Overall, Trade245 is a reliable broker, with moderate risk and fair trading fees. It offers MetaTrader platforms and basic web and mobile apps. Also, there’s no 24/7 customer support or live chat on the website, which could be a downside. We suggest doing thorough research to see if Trade245 suits your needs.


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